CAL-MAINE FOODS INC (CALM) Stock Fundamental Analysis
NASDAQ:CALM - Nasdaq - US1280302027 - Common Stock - Currency: USD
Taking everything into account, CALM scores 8 out of 10 in our fundamental rating. CALM was compared to 91 industry peers in the Food Products industry. Both the health and profitability get an excellent rating, making CALM a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on CALM. CALM also has an excellent dividend rating. With these ratings, CALM could be worth investigating further for value and dividend and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year CALM was profitable.
CALM had a positive operating cash flow in the past year.
CALM had positive earnings in each of the past 5 years.
In the past 5 years CALM always reported a positive cash flow from operatings.
1.2 Ratios
CALM has a Return On Assets of 32.15%. This is amongst the best in the industry. CALM outperforms 100.00% of its industry peers.
CALM has a better Return On Equity (41.60%) than 100.00% of its industry peers.
CALM has a better Return On Invested Capital (36.48%) than 98.90% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CALM is significantly below the industry average of 28.39%.
The 3 year average ROIC (20.77%) for CALM is below the current ROIC(36.48%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 32.15% | ||
| ROE | 41.6% | ||
| ROIC | 36.48% |
ROA(3y)20.27%
ROA(5y)12.5%
ROE(3y)24.83%
ROE(5y)15.31%
ROIC(3y)20.77%
ROIC(5y)N/A
1.3 Margins
CALM's Profit Margin of 26.08% is amongst the best of the industry. CALM outperforms 96.70% of its industry peers.
In the last couple of years the Profit Margin of CALM has grown nicely.
CALM has a Operating Margin of 32.33%. This is amongst the best in the industry. CALM outperforms 98.90% of its industry peers.
CALM's Operating Margin has improved in the last couple of years.
CALM has a better Gross Margin (39.63%) than 90.11% of its industry peers.
In the last couple of years the Gross Margin of CALM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.33% | ||
| PM (TTM) | 26.08% | ||
| GM | 39.63% |
OM growth 3YN/A
OM growth 5Y30.29%
PM growth 3Y324.94%
PM growth 5Y24.57%
GM growth 3Y24.03%
GM growth 5Y7.29%
2. Health
2.1 Basic Checks
CALM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, CALM has about the same amount of shares outstanding.
CALM has more shares outstanding than it did 5 years ago.
CALM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
CALM has an Altman-Z score of 8.31. This indicates that CALM is financially healthy and has little risk of bankruptcy at the moment.
CALM has a Altman-Z score of 8.31. This is amongst the best in the industry. CALM outperforms 94.51% of its industry peers.
CALM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.31 |
ROIC/WACC3.61
WACC10.11%
2.3 Liquidity
A Current Ratio of 3.86 indicates that CALM has no problem at all paying its short term obligations.
The Current ratio of CALM (3.86) is better than 89.01% of its industry peers.
CALM has a Quick Ratio of 3.26. This indicates that CALM is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of CALM (3.26) is better than 93.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.86 | ||
| Quick Ratio | 3.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 303.79% over the past year.
The Earnings Per Share has been growing by 34.26% on average over the past years. This is a very strong growth
Looking at the last year, CALM shows a very strong growth in Revenue. The Revenue has grown by 60.01%.
CALM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.32% yearly.
EPS 1Y (TTM)303.79%
EPS 3Y401.99%
EPS 5Y34.26%
EPS Q2Q%337.97%
Revenue 1Y (TTM)60.01%
Revenue growth 3Y19.92%
Revenue growth 5Y11.32%
Sales Q2Q%101.64%
3.2 Future
CALM is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.60% yearly.
Based on estimates for the next years, CALM will show a decrease in Revenue. The Revenue will decrease by -0.80% on average per year.
EPS Next Y370.15%
EPS Next 2Y30.56%
EPS Next 3Y-14.6%
EPS Next 5YN/A
Revenue Next Year75.85%
Revenue Next 2Y10.73%
Revenue Next 3Y-0.8%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.92 indicates a rather cheap valuation of CALM.
Compared to the rest of the industry, the Price/Earnings ratio of CALM indicates a rather cheap valuation: CALM is cheaper than 94.51% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.15, CALM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.55, the valuation of CALM can be described as reasonable.
79.12% of the companies in the same industry are more expensive than CALM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CALM to the average of the S&P500 Index (21.60), we can say CALM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.92 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CALM is valued cheaply inside the industry as 97.80% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CALM indicates a rather cheap valuation: CALM is cheaper than 93.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.62 | ||
| EV/EBITDA | 2.14 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CALM has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CALM's earnings are expected to decrease with -14.60% in the coming years.
PEG (NY)0.01
PEG (5Y)0.14
EPS Next 2Y30.56%
EPS Next 3Y-14.6%
5. Dividend
5.1 Amount
CALM has a Yearly Dividend Yield of 14.18%, which is a nice return.
Compared to an average industry Dividend Yield of 4.75, CALM pays a better dividend. On top of this CALM pays more dividend than 98.90% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, CALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.18% |
5.2 History
The dividend of CALM is nicely growing with an annual growth rate of 16.93%!
CALM has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of CALM decreased recently.
Dividend Growth(5Y)16.93%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
21.16% of the earnings are spent on dividend by CALM. This is a low number and sustainable payout ratio.
DP21.16%
EPS Next 2Y30.56%
EPS Next 3Y-14.6%
99.63
+0.47 (+0.47%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners90.59%
Inst Owner Change6.67%
Ins Owners6.39%
Ins Owner Change1.82%
Market Cap4.83B
Analysts77.78
Price Target103.7 (4.09%)
Short Float %12.36%
Short Ratio5.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.18% |
Yearly Dividend1.87
Dividend Growth(5Y)16.93%
DP21.16%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.2%
Min EPS beat(2)-6.68%
Max EPS beat(2)19.09%
EPS beat(4)3
Avg EPS beat(4)15.98%
Min EPS beat(4)-6.68%
Max EPS beat(4)28.57%
EPS beat(8)4
Avg EPS beat(8)-11.35%
EPS beat(12)6
Avg EPS beat(12)-4.99%
EPS beat(16)7
Avg EPS beat(16)-16.48%
Revenue beat(2)1
Avg Revenue beat(2)10.92%
Min Revenue beat(2)-2.7%
Max Revenue beat(2)24.55%
Revenue beat(4)3
Avg Revenue beat(4)12.6%
Min Revenue beat(4)-2.7%
Max Revenue beat(4)25.32%
Revenue beat(8)4
Avg Revenue beat(8)6.63%
Revenue beat(12)7
Avg Revenue beat(12)5.59%
Revenue beat(16)8
Avg Revenue beat(16)3.42%
PT rev (1m)0%
PT rev (3m)-0.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)42.12%
EPS NY rev (1m)0%
EPS NY rev (3m)19.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)13.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)19.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.92 | ||
| Fwd PE | 11.55 | ||
| P/S | 1.27 | ||
| P/FCF | 5.62 | ||
| P/OCF | 4.71 | ||
| P/B | 2.03 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 2.14 |
EPS(TTM)20.23
EY20.31%
EPS(NY)8.63
Fwd EY8.66%
FCF(TTM)17.71
FCFY17.78%
OCF(TTM)21.15
OCFY21.23%
SpS78.35
BVpS49.12
TBVpS47.83
PEG (NY)0.01
PEG (5Y)0.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 32.15% | ||
| ROE | 41.6% | ||
| ROCE | 47.83% | ||
| ROIC | 36.48% | ||
| ROICexc | 70.57% | ||
| ROICexgc | 74.05% | ||
| OM | 32.33% | ||
| PM (TTM) | 26.08% | ||
| GM | 39.63% | ||
| FCFM | 22.61% |
ROA(3y)20.27%
ROA(5y)12.5%
ROE(3y)24.83%
ROE(5y)15.31%
ROIC(3y)20.77%
ROIC(5y)N/A
ROICexc(3y)32.07%
ROICexc(5y)N/A
ROICexgc(3y)33.9%
ROICexgc(5y)N/A
ROCE(3y)27.23%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y33.01%
ROICexc growth 3YN/A
ROICexc growth 5Y33.69%
OM growth 3YN/A
OM growth 5Y30.29%
PM growth 3Y324.94%
PM growth 5Y24.57%
GM growth 3Y24.03%
GM growth 5Y7.29%
F-Score8
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 183.98% | ||
| Cap/Sales | 4.38% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.76% | ||
| Profit Quality | 86.69% | ||
| Current Ratio | 3.86 | ||
| Quick Ratio | 3.26 | ||
| Altman-Z | 8.31 |
F-Score8
WACC10.11%
ROIC/WACC3.61
Cap/Depr(3y)159.46%
Cap/Depr(5y)170.4%
Cap/Sales(3y)4.91%
Cap/Sales(5y)6.2%
Profit Quality(3y)81.96%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)303.79%
EPS 3Y401.99%
EPS 5Y34.26%
EPS Q2Q%337.97%
EPS Next Y370.15%
EPS Next 2Y30.56%
EPS Next 3Y-14.6%
EPS Next 5YN/A
Revenue 1Y (TTM)60.01%
Revenue growth 3Y19.92%
Revenue growth 5Y11.32%
Sales Q2Q%101.64%
Revenue Next Year75.85%
Revenue Next 2Y10.73%
Revenue Next 3Y-0.8%
Revenue Next 5YN/A
EBIT growth 1Y289.02%
EBIT growth 3YN/A
EBIT growth 5Y45.03%
EBIT Next Year445.49%
EBIT Next 3Y-5.88%
EBIT Next 5YN/A
FCF growth 1Y22.27%
FCF growth 3YN/A
FCF growth 5Y45.23%
OCF growth 1Y26.31%
OCF growth 3Y158.61%
OCF growth 5Y31.43%