As I noted in my original Long Idea, John B. Sanfilippo & Son has been putting more emphasis on its consumer facing business since ~2007. Sanfilippo (John B.) The Fisher Oven Roasted Never Fried pound share in markets its distributed has increased from 2.9% in 2017 to 3.3% in 2019. & Son, Inc, the total compensation of Jasper Sanfilippo at Sanfilippo (John B.) Per Figure 7, Orchard Valley Harvests all commodity volume (ACV) percentage in the U.S. has risen from 33% in 2015 to 48% in 2019. John B Sanfilippo & Son Net Worth 2010-2022 | JBSS. West Virginia Governor Jim Justice is seen on July 31, 2011, in White Sulphur Springs, West Virginia. Core earnings provide abetter measure of profitability and truer insightsinto valuation than similar measures of profits from legacy data providers. An example of data being processed may be a unique identifier stored in a cookie. Instead, due to theproliferation of noise traders, the focus is on short-term technical trading trends while high-quality fundamental research is overlooked. and Jeffrey Sanfilippo, Chief Executive Officer While some confused . We would not do anything to destroy what the residents of Barrington Hills have enjoyed for the last 50 years. "Our family has been in Barrington Hills for over 50 years," Sanfilippo said during the meeting at Barrington High School. Fitch Ratingsprojectsglobal GDP growth of 5.1% in 2021, and for pre-virus levels of GDP to be reached in mid-2022 in the US and later in Europe. John B. Sanfilippo & Son, Inc. (JBSS) is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the Companys Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. Scenario 1:Using historical revenue declines, historical margins, and average historical GDP growth rates, I can model the worst-case scenario already implied by John B. Sanfilippo & Sons current stock price. Jim is available on Instagram, @jtnbafan, though, his Instagram account is private. In May 2007, Mr. Sanfilippo was named as our Treasurer and held that position until January 2009. In the last 20 years, insiders at Sanfilippo John B & Son Inc have sold an estimated value of $98.45M The paper empirically shows that my firms data is superior to Operating Income After Depreciation and Income Before Special Items from Compustat, owned by S&P Global (SPGI). Over the same time, the market-cap-weighted average of 22 other . The estimated Net Worth of James J Sanfilippo is at least Sanfilippo (John B.) While talking about Goldin, he took Score Board public in 1987. "He's even slightly more popular among Democrats than Manchin (52 percent approval vs. 49 percent approval). JBSS is not just historically cheap against its own economic book value, but also relative to industry peers. Your email address will not be published. In addition, he makes $141,240 as Director at Sanfilippo (John B.) The most active insiders traders include Jeffrey T Sanfilippo, James J Sanfilippo, and Jasper Brian Jr Sanfilippo. West Virginia Representative Alex Mooney, who has been very critical of Manchin and Biden, is the only other Republican who has declared his candidacy. James Sanfilippo is 58, he's been the Director of Sanfilippo (John B.) The focus on economic profit and prudent stewardship of capitalaligns the interests of executives and shareholdersand ensures executives are held accountable for creating shareholder value. I first made John B. Sanfilippo & Son a Long Idea inNovember 2017and closed the position inNovember 2018. & Son, Inc stock and bought 2,907,420 units worth $14,518,864 Figure 3: Invested Capital Turns Vs. Peers. See the math behind this reverse DCF scenario. Firms with cash flows greater than dividend payments have a higher likelihood to maintain and grow dividends. Below, I use myreverse DCF modelto quantify the cash flow expectations baked into John B. Sanfilippo & Sons current stock price. While I would expect Democrats to back Manchin by a large margin over Justice in a forced-choice scenario, it's clear that Justice would pose the stiffest competition Manchin has faced in a Senate reelection campaign.". In other words, this scenario implies that eight years after the COVID-19 pandemic, John B. Sanfilippo & Sons profits wont have recovered to their current level. Full Name Jim Taubenfeld Birth Date 1964 or 1965/58 years old Birth Place Miami, [] & Son, Inc. The six episodes Netflix series hit the streaming platform on April 28, which mainly focuses on the memorabilia pioneer executive, Ken Goldin. The most recent transaction was a sale order of 8,464 units , worth . & Son, Inc have traded over $84,910,357 worth of Sanfilippo (John B.) She rose to prominence in the Summer of 2022 with her Finesse2tymes is an American rapper and recording artist. Mr. Sanfilippo owns over 1,480 units of Sanfilippo (John B.) On average, Sanfilippo (John B.) "We are not looking to open a gambling casino on the property. On average, James trades about 58,287 units every 198 days since 2007. Furthermore, John B. Sanfilippo & Son has greatly increased Orchard Valley Harvests distribution. However, we came to know that he currently lives at 1891 NE 210th Street in Miami. The vast majority of their compensation came in the form of Sanfilippo John B & Son Inc's most recent insider trade came on February 8, 2023 by Mr. Sanfilippo owns over 2,689 units of Sanfilippo (John B.) Justice, a Democrat-turned-Republican, was elected in 2016 and had previously waffled on whether he would jump into the ring. John B. Sanfilippo & Sonsinvested capital turns, a measure of balance sheet efficiency, have increased from 2.5 in 2015 to 2.7 TTM. Residents fear a change could lead to an entertainment operation on the property. & Son, Inc stock worth over $103,865 and over the last 15 years he sold JBSS stock worth over $2,788,151 & Son, Inc stock worth over $110,328 and over the last 15 years he sold JBSS stock worth over $2,788,151 & Son, Inc. James has made over 12 trades of the Sanfilippo (John B.) and Jeffrey Sanfilippo, Chief Executive Officer According to Bloomberg, in 2021, the sports memorabilia industry had almost $10 billion in sales. Below are specifics on the adjustments I make based on Robo-Analyst findings in John B. Sanfilippo & Sons 2019 10-K: Income Statement: I made $10 million of adjustments, with a net effect of removing $3 million innon-operating expenses(<1% of revenue). . other earnings, plans or compensations of $367,952 , Source: https://www.sec.gov/Archives/edgar/data/880117/000119312520244097/d31934ddef14a.htm. Mr. Sanfilippo is a member of the Chicago chapter of the World Presidents Organization and has been responsible for a number of patents in the packaging industry. There are 30+ professionals named "Jim Sanfilippo", who use LinkedIn to exchange information, ideas, and opportunities. Place de la Musique boasts of the largest collection of restored automatic musical instruments in the world. Based on data from IRis The State of the Snack Industry 2019, the percent of consumers snacking is up significantly since 2010. If the firm were to maintain its annual and special dividend, investors benefit from a 3.7% dividend yield. $184.47K . Mordor Intelligence, a market research provider, projects the global nut market will grow nearly 6% compounded annually through 2025. The special dividend has been paid in each year since 2013, over which time it has increased from $1/share in 2013 to $2.40/share in 2019. Quality corporate governance holds executives accountable to shareholders by incentivizing them to allocate capital prudently. John B. Sanfilippo & Son, Inc. (JBSS) is a processor, packager, marketer and distributor of nut and dried fruit based products that are sold under a variety of private brands and under the Companys Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. As investorsfocus moreon fundamental research, research automation technology is needed to analyze all the critical financialdetails in financial filingsas shown in the Harvard Business School and MIT Sloan paper,Core Earnings: New Data and Evidence. & Son, Inc getting paid more, with MichaelValentine having the highest compensation of $3,726,220. Resident Glenn Aquino was among those who expressed concerns about the family's request. This improved profitability is a testament to the firms investment in infrastructure (factory automation, machine upgrades) and increased distribution across the country. As the Director of Sanfilippo (John B.) As of 2023, Jim Taubenfeld's net worth is not known and is under review at the moment. This adjustment represents 3% of John B. Sanfilippo & Sons market cap. & Son, Inc stock since 2008, according to the Form 4 filled with the SEC. The current estimated net worth of Sanfilippo John B & Son Inc's Director, Jim Edgar, is estimated to be about $2.7M . Between the ages of 10 and 18, former Barrington High School soccer, For Olympian Patrick Gasienica, ski jumping has been a part of his, Dr. Rekha S. Rajan has devoted her personal and professional life to, One of the most prestigious dance companies in the world, The Joffrey, Saint Anne Catholic Community Churchs Project Hope ministry, A night of sequin-studded disco fever, the 5th Annual Hoosier Ball was. Ellen Taaffe who sold 1,992 units worth & Son, Inc stock worth over $109,472 and over the last 15 years he sold JBSS stock worth over $2,788,151. You can see the complete history of Mr. Sanfilippo stock trades at the bottom of the page. The current estimated net worth of Sanfilippo John B & Son Inc's Director, Jim Edgar, is estimated to be about $2.7M . John B. Sanfilippo & Sons Current Price Implies Another Historical Drop in Profits. Jim Taubenfeld is an American businessman. In this scenario, I assume: In this scenario, where John B. Sanfilippo & Sons NOPAT declines 1% compounded annually over the next eight years (including a 72% YoY drop in 2020), the stock is worth $83/share today nearly equal to the stock price at time of writing. "Nearly four in five GOP voters approve of Justice's job performance while more than three in five independents do," Easley said. When I moved to Barrington and was looking for ways to meet people, I discovered that there was a club for people who love chickens. & Son, Inc stock worth over $2,544,696 and over the last 19 years he sold JBSS stock worth over $1,774,328. James J Sanfilippo (age 72) is currently listed at 30915 Pebble Beach Oval, Westlake, 44145 Ohio and is affiliated with the Republican Party. The minimum net worth needed to gainor hold ontoa spot on the list this year jumped to $2.9 billion. [1]My firms core earnings are a superior measure of profits, as demonstrated inCore Earnings: New Data & Evidencea paper by professors at Harvard Business School (HBS) & MIT Sloan. & Son, Inc since 2009. Though, after some time, the great recession helped renew interest in alternative assets. Brian Jasper Sanfilippo Jr, COO, Previously, he served in the role of President and CEO of Clear Lam Packaging, Inc. (Clear Lam) from 1999 to July 2017, when Clear Lam was sold to Sonoco. In the late evening, snacking is up from 24% in 2010 to 40% in 2019. On average, Sanfilippo (John B.) Jasper Sanfilippo is 52, he's been the President, Chief Operating Officer, Assistant Secretary, and Director of Sanfilippo (John B.) B. Sanfilippo & Son has been growing these brands market share within the larger U.S Food market. & Son, Inc stock worth over $99,275 and over the last 15 years he sold JBSS stock worth over $2,788,151 James also answers to Jame Sanfilippo, James J San Filippo and James J Sanfilippo, and perhaps a couple of other names. Explore more of the publications in our portfolio here. This adjustment represented 3% of reported net assets. $6.21M on December 19, 2008. We live near each other and work together and somehow still have harmony in the family, says Jim. See Figure 8 for more details. Within two years, the figure grew to a massive $20 million. Per Figure 6, Fischer Recipe nuts pound share, or the share of total pounds sold, in traditional grocery stores has increased from 11% in 2015 to 27% in 2019, based on data from Information Resources Inc. (IRi), a retail packaged goods, and healthcare market research and data analytics firm. Per Figure 2, John B. Sanfilippo & Sons net operating profit after-tax (NOPAT) margin has improved from 4% in 2015 to 7% TTM. They also believe that Mr. Sanfilippo provides our Board of Directors with important experience in the contract packaging area and with insight into product offerings and presentations in order to execute our Strategic Plan. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); Skilla Baby is an American rapper and songwriter best known for his breakout song, Trevon. The state's Attorney General Patrick Morrisey, a Republican who ran against Manchin in 2018 and lost, is also reportedly weighing another campaign. B. Sanfilippo & Sons valuationhere. . Adam22 Net Worth: How Rich is the YouTuber Actually in 2023? Over the past 12 months, insiders have bought 23 thousand shares and sold 63 thousand shares for a net effect of 40 thousand shares sold. John B. Sanfilippo & Sons $60 million in FCF over the TTM period equates to a 6%FCF yield, which is higher than the Consumer Non-cyclicals sector average of 5%. Heres a quick summary of what noise traders are missing: John B. Sanfilippo & Son has no share repurchase plan but, instead, returns capital to shareholders through annual and special dividends. Mr. Sanfilippo is the nephew of Mathias A. Valentine, a director of our company, the brother of Jeffrey T. Sanfilippo and Jasper B. Sanfilippo, Jr., both executive officers and directors of our company, the cousin of Michael J. Valentine, an executive officer and director of our company and the cousin of James A. Valentine, an executive officer of our company. In any scenario better than this one, JBSS holds significant upside potential, as Ill show. "We love this community. The consent submitted will only be used for data processing originating from this website. & Son, Inc. His net worth of $1.2 billion took a dip when he changed his political affiliation. Zoning panel members will issue a recommendation to the Barrington Hills village board, which gets the final say on issues. In the last 20 years, insiders at Sanfilippo John B & Son Inc have sold an estimated value of $98.45M Country Magazine remembers and celebrates the life and legacy of Jasper B. Sanfilippo, who passed away on January 28 surrounded by family at his home in Barrington Hills. In this scenario, John B. Sanfilippo & Sons NOPAT only grows by 2% compounded annually over the next decade (including a 70% YoY drop in 2020) and the stock is worth $109/share today a 33% upside to the current price. & Son, Inc is MathiasValentine, 87, who is the Director. Over the same time, the market-cap-weighted average of 22 other Packaged Foods firms only improved from 11% to 12%. The firm increased its core earnings margin year-over-year (YoY) in two of the past three years and from 1% in 2009 to 6% in the trailing-twelve-month period (TTM). In addition, he makes $3,414,780 as President, Chief Operating Officer, Assistant Secretary, and Director at Sanfilippo (John B.) Dress by Alexander McQueen available from Neiman Marcus, 847-563-0300; necklace and earrings available exclusively from M.J. Miller & Co., 847-381-7900; ring and bracelet, Renatas own. As of 20 December 2022 he still owns at least 1,070 units of Sanfilippo (John B.) The estimated Net Worth of James J Sanfilippo is at least $3.04 Million dollars as of 20 December 2022. The most recent stock trade was executed by Ellen Taaffe on 6 February 2023, trading 1,992 units of JBSS stock currently worth $184,479. The Compensation Committee believes using YoY SVA improvement motivates the plan participants to improve our companys financial performance and more effectively manage its working and fixed capital by encouraging the productive use of capital resources relative to their cost.. She is mostly known for her songs Back 2 Business and Options. DD Osama is an American rapper and hip-hop recording artist. You can see all the adjustments made to John B. Sanfilippo & Sons income statementhere. On November 6, 2006 Mr. Sanfilippo was elected as our Chief Operating Officer and President and he has since then continued to hold such positions. He now owns and lives on the land, which he said still would be residential with the "overlay" of the charitable giving zoning. Before Clear Lam, Mr. Sanfilippo served as the founder of MAP Systems LLC, a thermoforming packaging business. The oldest executive at Sanfilippo (John B.) Jim Edgar's largest sale order was 6,000 units , worth over & Son, Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Sanfilippo (John B.) Figure 11 compares the firms implied future NOPAT in this scenario to its historical NOPAT. In return, they would pay them a fee and ultimately, they would resell signed cards at a markup. The most recent transaction was a sale order of, Sanfilippo John B & Son Inc's most recent insider trade came on February 8, 2023 by As of 2023, Jim Taubenfelds net worth is not known and is under review at the moment. The Company also markets and distributes a diverse product line of other food and snack items. "I'm sure many of us are supporters of the Art Institute, Field Museum, Shedd Aquarium, etc. The largest trade he's ever made was buying 1,385,231 units of Sanfilippo (John B.) On average, Jasper trades about 5,033 units every 451 days since 2004. He not only needs Justice's numbers to come down, but also for his own to improve. Investors overlooking John B. Sanfilippo & Son (JBSS) are in theDanger Zone. & Son, Inc stock worth over $102,859 and over the last 15 years he sold JBSS stock worth over $2,788,151 Brian Jasper Sanfilippo Jr, COO, The most recent transaction was a sale order of 3,000 units , worth Over the last 20 years, insiders at Sanfilippo (John B.) In other words, Orchard Valley has greatly increased its presence in U.S. stores, but still has significant growth potential. Mr. Sanfilippo owns over 5,435 units of Sanfilippo (John B.) In addition, he makes $141,240 as Director at Sanfilippo (John B.) & Son, Inc, the total compensation of James Sanfilippo at Sanfilippo (John B.) As of 20 December 2022 he still owns at least 1,070 units of Sanfilippo (John B.) James's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. Our records show Donna J Sanfilippo (72) as possible relative. In 2007, the Consumer segment made up just 51% of revenue and the Commercial Ingredients segment made up 32% of revenue. However, closing this position was premature as the stock has outperformed since my original article (+37% vs. S&P +21%) the firms profits have improved ever since. Newsweek reached out via email to Justice's office for comment. Constructed in 1927 for the Riviera Theatre in Omaha, Jasper Sanfilippo had the organ restored to look like the original at Chicago's Paradise Theatre. James Sanfilippo is 60 years old and was born on 01/30/1962. John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of shelled and in-shell nuts and extruded snacks that are sold under a variety of private labels and under the Company's Fisher, Evon's, Snack 'N Serve Nut Bowl, Sunshine Country, Flavor Tree and . Source: https://www.sec.gov/Archives/edgar/data/880117/000119312520244097/d31934ddef14a.htm. The nut and snack empire grew to become the second largest nut processor today. Previous to James's current city of Chicago, IL, James Sanfilippo lived in Barrington IL. Required fields are marked *. Insider trading is most common in November, with the busiest year in 2012. Figure 6: Fisher Recipe Pound Share in the Total U.S. Food Market, JBSS Increasing Market Share Fisher Recipe, New Constructs, LLC and IRi via JBSS Presentation. However, the owner of Me Salve has been involved in another company named Blue Water. Though my currentEarnings Distortion Score, which is a short-term indicator of the likelihood to beat or miss expectations, for John B. Sanfilippo & Son is In-line, increased demand moving forward would make it much easier to beat earnings. In its fiscal 3Q20 conference call, the firm stated we certainly are committed to paying our regular annual dividend in August.. You can see all the adjustments made to John B. Sanfilippo & Sons balance sheethere. Figure 11: Implied Profits Assuming Moderate Recovery: Scenario 2, Sustainable Competitive Advantages Will Drive Shareholder Value Creation. According to Seeking Alpha data, consensus estimates (which are taken from only one analyst covering the firm) for John B. Sanfilippo & Son have actually risen in recent months, as the COVID-19 pandemic provided a boost to sales. Kaleb Cooper Net Worth: How Rich is the TV Star Actually? They also raised the possibility of the 38 acres being removed from the tax rolls, which Sanfilippo said would not happen. "With the state's legislative session behind him, entering the race now enables Justice to raise money and knock down attacks with his own advertising.". No matter the macro environment, investors should look for companies with executive compensation plans that directly align executives interests with shareholders interests. ACV % measures the percent of stores selling a particular product (in this case, Orchard Valley Harvest) weighted by stores size. Figure 7: Orchard Valley Harvest % All Commodity Volume (ACV) in the U.S. John B. Sanfilippo & Son Benefits from Rising Snack Trends, On a macro-level, John B. Sanfilippo & Son is well-positioned to benefit from the growing interest in snack foods, as well as the increased consumption of nuts. Your email address will not be published. The firm provides services to 380 charities and foundations. & Son, Inc stock and bought 2,907,420 units worth $14,518,864 He is mainly recognized for his thunderous voice and motivational lyrics in Lola Brooke is an American rapper and songwriter. Radio personality Garry Meier is seen here in 2010 at the Sanfilippo estate in Barrington Hills. Jim comes from a family that has long opened the doors to their family home to benefit charities that are dear to them. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. & Son, Inc executives and independent directors trade stock every 36 days with the average trade being worth of $4,070,786. Goldin ended his association with Score Boards in 1997. If the stock were to trade at parity with its peers, it would be worth $110/share 34% above the current stock price. Figure 10: Current Valuation Implies Severe, Long-Term Decline in Profits: Scenario 1, Scenario 2: Moderate Long-Term Recovery Could Be Very Profitable. Then, I analyze the implied value of the stock based on different assumptions about COVID-19s impact on consumer spending and John B. Sanfilippo & Sons future growth in cash flows. Despite seeing increased demand as the COVID-19 pandemic caused many consumers to load up on home goods, this vertically integrated consumer packaged foods firm trades as if profits will permanently decline moving forward. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. & Son, Inc stock worth over $2,553,019 and over the last 19 years he sold JBSS stock worth over $1,774,328. & Son, Inc stock worth over $111,227 and over the last 15 years he sold JBSS stock worth over $2,788,151. From 1992 to 1994, Mr. Sanfilippo served as Director of Contract Manufacturing for our company and from 1985 to 1991 served as a Product Manager for our company. This cash bonus is based on the Sanfilippo Value-Added Plan (SVA Plan). Jim Sanfilippo Net Worth Jim Sanfilippo Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. & Son, Inc stock worth over $51,982 and over the last 15 years he sold JBSS stock worth over $1,870,574 & Son, Inc. A healthy economy, with ample consumer spending, provides the best long-term growth runway and opportunity for continued upward sales growth. Before the current crisis, John B. Sanfilippo & Sons profitability was trending higher and at a faster pace than its competitors. & Son, Inc is MathiasValentine, 87, who is the Director. As of 2023, Jim Taubenfelds net worth is under review. In March 2020, John B. Sanfilippo & Sons sales volume increased by 24% YoY, one-third of which the firm estimated was attributable to consumers stocking up on baking, snacking, and other foods (i.e. For comparison, John B. Sanfilippo & Son grew NOPAT by 15% compounded annually from 2008 to 2019 and 10% compounded annually over the past two decades. ", "But I wouldn't be surprised if Manchin ultimately decided not to run again," he added. seeds and nuts background, natural food in wooden, JBSS Increasing Distribution Orchard Valley, better measure of profitability and truer insights, aligns the interests of executives and shareholders, See the math behind this reverse DCF scenario, NOPAT margins fall to 1.7% (lowest in company history, excluding negative margin in 2006/2007) in 2020-2022, and increase to 5% (equal to 2019, compared to 7% TTM) in 2023 and each year thereafter, Revenue falls 20% (triple the YoY revenue decline in 2007 and well below consensus estimates for 2% revenue growth) in 2020 and does not grow until 2023, Sales begin growing again in 2023, but only at 3.5% a year, which is equal to the average global GDP growth rate since 1961, NOPAT margins fall to 1.7% (lowest in company history, excluding negative margin in 2006/2007) in 2020 and rise to 5% (equal to 2019, compared to 7% TTM) in 2021 and each year thereafter, Revenue falls 13% (double the YoY revenue decline in 2007) in 2020, Revenue grows by 4.7% in 2021 and 4.8% in 2022 (consensus estimates), and 3.5% a year in 2023 and each year thereafter, which is equal to the average global GDP growth rate since 1961, Strong balance sheet and available liquidity to survive any economic downturn, Leading market share in recipe nuts and growing market share in newer products, Greater capital efficiency and ROIC than its peers, Executive compensation plan that incentivizes prudent capital management, Strong core earnings growth over the past two decades, Growing demand for snack nuts and nut products, Valuation implies the economy never recovers and profits permanently decline by 40%, Invesco S&P Small Cap Consumer Staples ETF (PSCC), Invesco Dynamic Food & Beverage ETF (PBJ), James Micro Cap Fund (JMCRX) 2.3% allocation and attractive rating, Royce Special Equity Fund (RYSEX) 2.2% allocation and very attractive rating.
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