Whole Earth Brands Inc FREEW NASDAQ

NASDAQ Capital Marke • Consumer Defensive • Packaged Foods • US • USD

SharesGrow Score

30/100

0/5 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Whole Earth Brands Inc (FREEW) generated $24.86M in operating cash flow for fiscal year 2023. After capital expenditures of $5.66M, free cash flow was $19.2M.

Free cash flow margin was 3.5% of revenue. Cash conversion ratio was -0.65x, suggesting some earnings are non-cash.

The company returned $1.47M in share buybacks to shareholders during the period.

Criteria supported by this page:

HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (22/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was -0.65x suggests some earnings are non-cash items

Overall SharesGrow Score: 28/100 with 0/7 criteria passed.

SharesGrow 7-Criteria Score

30/100

SG Score

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VALUE

N/A

No coverage

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FUTURE

N/A

No coverage

✗

PAST

25/100

→ Income

✗

HEALTH

33/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

22/100

Proven by this page

GROWTH

58/100

→ Income

✗

INCOME

10/100

→ Income

Whole Earth Brands Inc Cash Flow History

Metric	TTM	FY2023	FY2022	FY2021	FY2020
Operating Cash Flow	$12.52M	$24.86M	$-5.81M	$9.48M	$10.46M
Capital Expenditure	$-5.22M	$-5.66M	$-8.89M	$-12.2M	$-8.02M
Free Cash Flow	$7.3M	$19.2M	$-14.7M	$-2.72M	$2.44M