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CAL-MAINE FOODS INC (CALM) Stock Fundamental Analysis

NASDAQ:CALM - Nasdaq - US1280302027 - Common Stock - Currency: USD

115.8  +3.42 (+3.04%)

After market: 115.8 0 (0%)

Fundamental Rating

8

We assign a fundamental rating of 8 out of 10 to CALM. CALM was compared to 91 industry peers in the Food Products industry. CALM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. A decent growth rate in combination with a cheap valuation! Better keep an eye on CALM. Finally CALM also has an excellent dividend rating. This makes CALM very considerable for value and dividend investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

In the past year CALM was profitable.
In the past year CALM had a positive cash flow from operations.
In the past 5 years CALM has always been profitable.
Each year in the past 5 years CALM had a positive operating cash flow.
CALM Yearly Net Income VS EBIT VS OCF VS FCFCALM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

1.2 Ratios

CALM's Return On Assets of 25.26% is amongst the best of the industry. CALM outperforms 97.67% of its industry peers.
CALM's Return On Equity of 30.75% is amongst the best of the industry. CALM outperforms 97.67% of its industry peers.
With an excellent Return On Invested Capital value of 25.48%, CALM belongs to the best of the industry, outperforming 98.84% of the companies in the same industry.
CALM had an Average Return On Invested Capital over the past 3 years of 20.77%. This is significantly above the industry average of 9.03%.
The 3 year average ROIC (20.77%) for CALM is below the current ROIC(25.48%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 25.26%
ROE 30.75%
ROIC 25.48%
ROA(3y)20.27%
ROA(5y)12.5%
ROE(3y)24.83%
ROE(5y)15.31%
ROIC(3y)20.77%
ROIC(5y)N/A
CALM Yearly ROA, ROE, ROICCALM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

1.3 Margins

The Profit Margin of CALM (20.39%) is better than 96.51% of its industry peers.
CALM's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 24.15%, CALM belongs to the best of the industry, outperforming 98.84% of the companies in the same industry.
In the last couple of years the Operating Margin of CALM has grown nicely.
The Gross Margin of CALM (32.68%) is better than 73.26% of its industry peers.
CALM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 24.15%
PM (TTM) 20.39%
GM 32.68%
OM growth 3YN/A
OM growth 5Y30.29%
PM growth 3Y324.94%
PM growth 5Y24.57%
GM growth 3Y24.03%
GM growth 5Y7.29%
CALM Yearly Profit, Operating, Gross MarginsCALM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

9

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CALM is creating value.
Compared to 1 year ago, CALM has about the same amount of shares outstanding.
Compared to 5 years ago, CALM has more shares outstanding
CALM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CALM Yearly Shares OutstandingCALM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
CALM Yearly Total Debt VS Total AssetsCALM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

CALM has an Altman-Z score of 10.62. This indicates that CALM is financially healthy and has little risk of bankruptcy at the moment.
CALM has a Altman-Z score of 10.62. This is amongst the best in the industry. CALM outperforms 96.51% 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 10.62
ROIC/WACC2.77
WACC9.19%
CALM Yearly LT Debt VS Equity VS FCFCALM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

CALM has a Current Ratio of 5.46. This indicates that CALM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 5.46, CALM belongs to the top of the industry, outperforming 96.51% of the companies in the same industry.
A Quick Ratio of 4.32 indicates that CALM has no problem at all paying its short term obligations.
The Quick ratio of CALM (4.32) is better than 96.51% of its industry peers.
Industry RankSector Rank
Current Ratio 5.46
Quick Ratio 4.32
CALM Yearly Current Assets VS Current LiabilitesCALM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 31.97% 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
The Revenue has grown by 15.58% in the past year. This is quite good.
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)31.97%
EPS 3Y401.99%
EPS 5Y34.26%
EPS Q2Q%1177.14%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y19.92%
Revenue growth 5Y11.32%
Sales Q2Q%82.46%

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.
CALM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.80% yearly.
EPS Next Y72.75%
EPS Next 2Y-17.15%
EPS Next 3Y-14.6%
EPS Next 5YN/A
Revenue Next Year47.27%
Revenue Next 2Y2.03%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CALM Yearly Revenue VS EstimatesCALM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
CALM Yearly EPS VS EstimatesCALM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 10 15

7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.48, the valuation of CALM can be described as very reasonable.
91.86% of the companies in the same industry are more expensive than CALM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.28. CALM is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 33.34, the valuation of CALM can be described as expensive.
CALM's Price/Forward Earnings ratio is in line with the industry average.
CALM is valuated cheaply when we compare the Price/Forward Earnings ratio to 91.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.48
Fwd PE 33.34
CALM Price Earnings VS Forward Price EarningsCALM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

CALM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CALM is cheaper than 89.53% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CALM is valued a bit cheaper than 77.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.88
EV/EBITDA 4.23
CALM Per share dataCALM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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.
CALM's earnings are expected to decrease with -14.60% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.13
PEG (5Y)0.28
EPS Next 2Y-17.15%
EPS Next 3Y-14.6%

7

5. Dividend

5.1 Amount

CALM has a Yearly Dividend Yield of 5.39%, which is a nice return.
CALM's Dividend Yield is rather good when compared to the industry average which is at 3.86. CALM pays more dividend than 89.53% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, CALM pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.39%

5.2 History

The dividend of CALM is nicely growing with an annual growth rate of 16.93%!
CALM has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CALM decreased in the last 3 years.
Dividend Growth(5Y)16.93%
Div Incr Years2
Div Non Decr Years2
CALM Yearly Dividends per shareCALM Yearly Dividends per shareYearly Dividends per share 2015 2016 2018 2019 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

22.63% of the earnings are spent on dividend by CALM. This is a low number and sustainable payout ratio.
DP22.63%
EPS Next 2Y-17.15%
EPS Next 3Y-14.6%
CALM Yearly Income VS Free CF VS DividendCALM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M
CALM Dividend Payout.CALM Dividend Payout, showing the Payout Ratio.CALM Dividend Payout.PayoutRetained Earnings

CAL-MAINE FOODS INC

NASDAQ:CALM (1/30/2025, 4:41:05 PM)

After market: 115.8 0 (0%)

115.8

+3.42 (+3.04%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)01-07 2025-01-07/amc
Earnings (Next)N/A N/A
Inst Owners90.32%
Inst Owner Change-1.51%
Ins Owners1.29%
Ins Owner Change-0.02%
Market Cap5.12B
Analysts80
Price Target87.72 (-24.25%)
Short Float %8.13%
Short Ratio5.78
Dividend
Industry RankSector Rank
Dividend Yield 5.39%
Yearly Dividend1.87
Dividend Growth(5Y)16.93%
DP22.63%
Div Incr Years2
Div Non Decr Years2
Ex-Date01-29 2025-01-29 (1.489)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)36.6%
Min EPS beat(2)28.57%
Max EPS beat(2)44.63%
EPS beat(4)3
Avg EPS beat(4)22.62%
Min EPS beat(4)-5.68%
Max EPS beat(4)44.63%
EPS beat(8)5
Avg EPS beat(8)-4.98%
EPS beat(12)6
Avg EPS beat(12)-2.66%
EPS beat(16)8
Avg EPS beat(16)2.16%
Revenue beat(2)2
Avg Revenue beat(2)28.62%
Min Revenue beat(2)25.32%
Max Revenue beat(2)31.91%
Revenue beat(4)3
Avg Revenue beat(4)15%
Min Revenue beat(4)-0.44%
Max Revenue beat(4)31.91%
Revenue beat(8)5
Avg Revenue beat(8)9.15%
Revenue beat(12)7
Avg Revenue beat(12)6.42%
Revenue beat(16)8
Avg Revenue beat(16)3.77%
PT rev (1m)10.26%
PT rev (3m)10.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)40.51%
EPS NY rev (1m)0%
EPS NY rev (3m)45.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.77%
Revenue NY rev (1m)31.38%
Revenue NY rev (3m)43.58%
Valuation
Industry RankSector Rank
PE 9.48
Fwd PE 33.34
P/S 1.66
P/FCF 10.88
P/OCF 8.29
P/B 2.5
P/tB 2.58
EV/EBITDA 4.23
EPS(TTM)12.22
EY10.55%
EPS(NY)3.47
Fwd EY3%
FCF(TTM)10.65
FCFY9.19%
OCF(TTM)13.97
OCFY12.06%
SpS69.72
BVpS46.23
TBVpS44.83
PEG (NY)0.13
PEG (5Y)0.28
Profitability
Industry RankSector Rank
ROA 25.26%
ROE 30.75%
ROCE 33.41%
ROIC 25.48%
ROICexc 39.66%
ROICexgc 41.46%
OM 24.15%
PM (TTM) 20.39%
GM 32.68%
FCFM 15.27%
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-Score6
Asset Turnover1.24
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 169.54%
Cap/Sales 4.76%
Interest Coverage 250
Cash Conversion 74.32%
Profit Quality 74.88%
Current Ratio 5.46
Quick Ratio 4.32
Altman-Z 10.62
F-Score6
WACC9.19%
ROIC/WACC2.77
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)31.97%
EPS 3Y401.99%
EPS 5Y34.26%
EPS Q2Q%1177.14%
EPS Next Y72.75%
EPS Next 2Y-17.15%
EPS Next 3Y-14.6%
EPS Next 5YN/A
Revenue 1Y (TTM)15.58%
Revenue growth 3Y19.92%
Revenue growth 5Y11.32%
Sales Q2Q%82.46%
Revenue Next Year47.27%
Revenue Next 2Y2.03%
Revenue Next 3Y-0.8%
Revenue Next 5YN/A
EBIT growth 1Y31.16%
EBIT growth 3YN/A
EBIT growth 5Y45.03%
EBIT Next Year299.8%
EBIT Next 3Y-5.88%
EBIT Next 5YN/A
FCF growth 1Y22.97%
FCF growth 3YN/A
FCF growth 5Y45.23%
OCF growth 1Y27.01%
OCF growth 3Y158.61%
OCF growth 5Y31.43%