Bridgford Foods Corporation

BRID

Consumer DefensivePackaged FoodsNASDAQ

$7.81

Market Cap: $70.89M

Bridgford Foods Corporation (BRID) Valuation Summary

Updated May 10, 2026 21:04

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$3.32 – $65.55	$6.77	-13.3%
Revenue DCF 10Y	$4.84 – $61.47	$8.04	+3.0%
▸ Trading Multiples
EV/Revenue	$12.78 – $57.34	$13.79	+76.6%

Valuation History

DCF Analysis

Bridgford Foods Corporation (BRID) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$8.04

Market Price

$7.81

Upside / Downside

+3.0%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -8.2% to a target of 7.6% over 5 years, discounted at a WACC of 7.2%, Bridgford Foods Corporation (BRID) has an intrinsic value of $8.04 per share (range: $4.84 – $61.47).

Key Assumptions

Current Operating Margin

-8.2%

Target Operating Margin

7.6%

WACC

7.2%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.0%

D&A/Revenue

2.7%

Tax Rate

24.7%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	230	-0.6%	-5.0%	-12	-12	6	(5)	3	-13	-13
2027	229	-0.3%	-1.9%	-4	-4	6	(6)	-0	-4	-3
2028	229	0.1%	1.3%	3	2	6	(7)	0	2	1
2029	230	0.5%	4.5%	10	8	6	(8)	0	6	5
2030	232	0.8%	7.6%	18	13	6	(9)	0	10	8
2031	235	1.2%	7.6%	18	13	6	(10)	1	9	6
2032	238	1.6%	7.6%	18	14	6	(11)	1	8	5
2033	243	1.9%	7.6%	18	14	7	(12)	1	7	4
2034	249	2.3%	7.6%	19	14	7	(14)	1	6	3
2035	255	2.6%	7.6%	19	15	7	(15)	2	5	2

Enterprise Value Bridge

Sum of PV(FCFF)19

Terminal Value (Gordon Growth at 3.0%)115

PV of Terminal Value59

Enterprise Value78

(–) Net Debt5

Equity Value73

(÷) Shares Outstanding9

Fair Value per Share$8.04

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.6%	4.6%	7.6%	10.6%	13.6%
5.2%	$-6	$-2	$17	$39	$61
6.2%	$-5	$-2	$11	$26	$41
7.2%	$-5	$-2	$8	$19	$31
8.2%	$-5	$-2	$6	$15	$24
9.2%	$-5	$-2	$5	$12	$20

Current price: $7.81. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 24.4% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Bridgford Foods Corporation (BRID) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$6.77

Market Price

$7.81

Upside / Downside

-13.3%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-8.2%

Target Operating Margin

7.6%

WACC

7.2%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.0%

D&A/Revenue

2.7%

Tax Rate

24.7%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	230	-0.3%	-5.0%	-12	-12	6	(6)	3	-14	-14
2027	231	0.3%	-1.9%	-4	-4	6	(8)	0	-6	-5
2028	233	1.0%	1.3%	3	2	6	(10)	1	-2	-2
2029	237	1.7%	4.5%	11	8	6	(12)	1	1	1
2030	243	2.3%	7.6%	18	14	7	(15)	1	5	3

Enterprise Value Bridge

Sum of PV(FCFF)-16

Terminal Value (Gordon Growth at 3.0%)113

PV of Terminal Value83

Enterprise Value67

(–) Net Debt5

Equity Value61

(÷) Shares Outstanding9

Fair Value per Share$6.77

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.6%	4.6%	7.6%	10.6%	13.6%
5.2%	$-6	$-4	$17	$41	$66
6.2%	$-6	$-4	$10	$27	$43
7.2%	$-6	$-4	$7	$19	$32
8.2%	$-5	$-4	$5	$15	$25
9.2%	$-5	$-4	$3	$12	$20

Current price: $7.81. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 24.4% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$13.79

Market Price

$7.81

Upside / Downside

+76.6%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Bridgford Foods Corporation (BRID) has a fair value of $13.79 based on 5 comparable companies in the Packaged Foods industry.

EV/Revenue Valuation — Packaged Foods

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Bridgford Foods CorporationBRID	71	0.3x	—
AMCON Distributing CompanyDIT	84	0.1x	—
Laird Superfood, Inc.LSF	33	0.6x	0.7x
Borealis Foods Inc.BRLS	31	2.3x	—
Genius Group LimitedGNS	21	3.5x	1.6x
Agape ATP CorporationATPC	2	0.5x	—
Industry Median		0.6x	1.2x
(*) Revenue		231
= Enterprise Value		130
(-) Net Debt		5
Equity Value		125
(/) Outstanding shares		9
Fair Price		$14

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$3.32 – $65.55

$6.77

-13.3%

Revenue DCF 10Y

$4.84 – $61.47

$8.04

+3.0%

▸ Trading Multiples

EV/Revenue

$12.78 – $57.34

$13.79

+76.6%

DCF Analysis

Bridgford Foods Corporation (BRID) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$8.04

Market Price

$7.81

Upside / Downside

+3.0%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-8.2%

Target Operating Margin

7.6%

WACC

7.2%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.0%

D&A/Revenue

2.7%

Tax Rate

24.7%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	230	-0.6%	-5.0%	-12	-12	6	(5)	3	-13	-13
2027	229	-0.3%	-1.9%	-4	-4	6	(6)	-0	-4	-3
2028	229	0.1%	1.3%	3	2	6	(7)	0	2	1
2029	230	0.5%	4.5%	10	8	6	(8)	0	6	5
2030	232	0.8%	7.6%	18	13	6	(9)	0	10	8
2031	235	1.2%	7.6%	18	13	6	(10)	1	9	6
2032	238	1.6%	7.6%	18	14	6	(11)	1	8	5
2033	243	1.9%	7.6%	18	14	7	(12)	1	7	4
2034	249	2.3%	7.6%	19	14	7	(14)	1	6	3
2035	255	2.6%	7.6%	19	15	7	(15)	2	5	2

Enterprise Value Bridge

Sum of PV(FCFF)19

Terminal Value (Gordon Growth at 3.0%)115

PV of Terminal Value59

Enterprise Value78

(–) Net Debt5

Equity Value73

(÷) Shares Outstanding9

Fair Value per Share$8.04

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.6%	4.6%	7.6%	10.6%	13.6%
5.2%	$-6	$-2	$17	$39	$61
6.2%	$-5	$-2	$11	$26	$41
7.2%	$-5	$-2	$8	$19	$31
8.2%	$-5	$-2	$6	$15	$24
9.2%	$-5	$-2	$5	$12	$20

Current price: $7.81. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 24.4% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$13.79

Market Price

$7.81

Upside / Downside

+76.6%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Bridgford Foods Corporation (BRID) has a fair value of $13.79 based on 5 comparable companies in the Packaged Foods industry.

EV/Revenue Valuation — Packaged Foods

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Bridgford Foods CorporationBRID	71	0.3x	—
AMCON Distributing CompanyDIT	84	0.1x	—
Laird Superfood, Inc.LSF	33	0.6x	0.7x
Borealis Foods Inc.BRLS	31	2.3x	—
Genius Group LimitedGNS	21	3.5x	1.6x
Agape ATP CorporationATPC	2	0.5x	—
Industry Median		0.6x	1.2x
(*) Revenue		231
= Enterprise Value		130
(-) Net Debt		5
Equity Value		125
(/) Outstanding shares		9
Fair Price		$14