{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"CPB Stock: A Billion In Cash Flow, Debt Went Up Anyway Q4 FY2026","slug":"cpb-stock-a-billion-in-cash-flow-debt-went-up-anyway-q4-fy2026","published_at":"2026-09-04T03:44:28+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/cpb-stock-a-billion-in-cash-flow-debt-went-up-anyway-q4-fy2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/cpb-stock-a-billion-in-cash-flow-debt-went-up-anyway-q4-fy2026/","audio_url":"https://mcdn.podbean.com/mf/web/mjt1wvdgad88uabj/audio_c.mp3","summary":"The Campbell's Company (CPB) Q4 FY2026 — Shares fell 6.9% to $22.13 on roughly seven times average volume after Campbell's cut its quarterly dividend 36% and guided fiscal 2027 below where the leverage ratio actually improves. Campbell's generated $1,039 million of operating cash flow in fiscal 2026 and ended the year owing $280 million more in gross borrowings than when it started. This morning it cut the dividend 36% explicitly to accelerate debt reduction - but the same release guided adjusted EBIT down enough that net debt to EBITDA does not actually improve in fiscal 2027, even in the company's best case. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$21.82 vs ~$22.13 today. KEY METRICS: - Dividend cut 36% - $0.39 to $0.25 quarterly, $1.56 to $1.00 annualized - Gross borrowings $6,857M to $7,137M, +$280M, despite $1,039M of operating cash flow - Net debt / adjusted EBITDA: FY2025 3.50x -> FY2026 4.23x -> FY2027E 4.21x best / 4.55x worst - Adjusted EPS trail: FY24 $3.08 -> FY25 $2.97 -> FY26 $2.17 -> FY27E $1.65-$1.80 - Impairments $293M over two years (Kettle Brand, Cape Cod, Snyder's of Hanover), all excluded from adjusted EPS - FY2026 missed its own guidance on all four metrics - sales -3.4% vs a -2%/0% guide - Cost-savings target raised twice: $250M by FY2028 -> $375M by FY2028 -> $500M by FY2030 - Street average target $20.12 across 9 firms vs our fair value $21.82 What to watch: Two quarters of positive Snacks organic volume, or net debt to adjusted EBITDA improving below roughly 4.2x at the December Q1 FY2027 print, would move the call toward a buy; another guidance miss on the FY2027 numbers would not. Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own resear…","meta_description":"The Campbell's Company (CPB) Q4 FY2026 — Shares fell 6.9% to $22.13 on roughly seven times average volume after Campbell's cut its quarterly dividend 36%…","key_points":[],"chapters":[],"topics":[],"duration_seconds":944,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/cpb-stock-a-billion-in-cash-flow-debt-went-up-anyway-q4-fy2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/cpb-stock-a-billion-in-cash-flow-debt-went-up-anyway-q4-fy2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}