MAPLE LEAF FOODS INC (MFI.CA)
CA5649051078 - Common Stock
We assign a fundamental rating of 4 out of 10 to MFI. MFI was compared to 17 industry peers in the Food Products industry. MFI may be in some trouble as it scores bad on both profitability and health. MFI is not valued too expensively and it also shows a decent growth rate. MFI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MFI had positive earnings in the past year.
MFI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MFI reported negative net income in multiple years.
Each year in the past 5 years MFI had a positive operating cash flow.
1.2 Ratios
MFI has a Return On Assets (0.76%) which is comparable to the rest of the industry.
With a Return On Equity value of 2.23%, MFI perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
MFI has a Return On Invested Capital of 4.24%. This is in the lower half of the industry: MFI underperforms 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.76% | ||
| ROE | 2.23% | ||
| ROIC | 4.24% |
ROA(3y)-2.46%
ROA(5y)-0.47%
ROE(3y)-7.32%
ROE(5y)-2.45%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MFI has a Profit Margin (0.70%) which is comparable to the rest of the industry.
MFI has a Operating Margin of 4.27%. This is in the lower half of the industry: MFI underperforms 64.71% of its industry peers.
In the last couple of years the Operating Margin of MFI has declined.
MFI has a worse Gross Margin (13.40%) than 88.24% of its industry peers.
In the last couple of years the Gross Margin of MFI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.27% | ||
| PM (TTM) | 0.7% | ||
| GM | 13.4% |
OM growth 3Y-37.61%
OM growth 5Y-29.16%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16%
GM growth 5Y-9.33%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MFI is destroying value.
Compared to 1 year ago, MFI has about the same amount of shares outstanding.
MFI has less shares outstanding than it did 5 years ago.
MFI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.00 indicates that MFI is not a great score, but indicates only limited risk for bankruptcy at the moment.
MFI's Altman-Z score of 2.00 is in line compared to the rest of the industry. MFI outperforms 41.18% of its industry peers.
The Debt to FCF ratio of MFI is 6.92, which is on the high side as it means it would take MFI, 6.92 years of fcf income to pay off all of its debts.
MFI has a Debt to FCF ratio of 6.92. This is in the better half of the industry: MFI outperforms 76.47% of its industry peers.
MFI has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.08, MFI is in line with its industry, outperforming 58.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 6.92 | ||
| Altman-Z | 2 |
ROIC/WACC0.62
WACC6.79%
2.3 Liquidity
MFI has a Current Ratio of 1.26. This is a normal value and indicates that MFI is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.26, MFI perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
A Quick Ratio of 0.53 indicates that MFI may have some problems paying its short term obligations.
MFI's Quick ratio of 0.53 is in line compared to the rest of the industry. MFI outperforms 47.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 277.78% over the past year.
Measured over the past years, MFI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -40.53% on average per year.
Looking at the last year, MFI shows a decrease in Revenue. The Revenue has decreased by -0.46% in the last year.
The Revenue has been growing slightly by 6.85% on average over the past years.
EPS 1Y (TTM)277.78%
EPS 3Y-55.63%
EPS 5Y-40.53%
EPS Q2Q%38.46%
Revenue 1Y (TTM)-0.46%
Revenue growth 3Y4.19%
Revenue growth 5Y6.85%
Sales Q2Q%1.21%
3.2 Future
Based on estimates for the next years, MFI will show a very strong growth in Earnings Per Share. The EPS will grow by 171.84% on average per year.
MFI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.43% yearly.
EPS Next Y620.47%
EPS Next 2Y284.88%
EPS Next 3Y171.84%
EPS Next 5YN/A
Revenue Next Year-0.26%
Revenue Next 2Y1.44%
Revenue Next 3Y2.43%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
MFI is valuated quite expensively with a Price/Earnings ratio of 41.92.
The rest of the industry has a similar Price/Earnings ratio as MFI.
The average S&P500 Price/Earnings ratio is at 27.30. MFI is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 15.09, the valuation of MFI can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MFI indicates a somewhat cheap valuation: MFI is cheaper than 70.59% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.80. MFI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.92 | ||
| Fwd PE | 15.09 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MFI indicates a somewhat cheap valuation: MFI is cheaper than 76.47% of the companies listed in the same industry.
MFI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MFI is cheaper than 82.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.75 | ||
| EV/EBITDA | 9.04 |
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.
MFI's earnings are expected to grow with 171.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.07
PEG (5Y)N/A
EPS Next 2Y284.88%
EPS Next 3Y171.84%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.29%, MFI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.48, MFI has a dividend in line with its industry peers.
MFI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
5.2 History
On average, the dividend of MFI grows each year by 7.69%, which is quite nice.
MFI has been paying a dividend for at least 10 years, so it has a reliable track record.
MFI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.69%
Div Incr Years10
Div Non Decr Years28
5.3 Sustainability
MFI pays out 253.40% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MFI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP253.4%
EPS Next 2Y284.88%
EPS Next 3Y171.84%
MAPLE LEAF FOODS INC
TSX:MFI (12/27/2024, 7:00:00 PM)
20.12
-0.19 (-0.94%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners26.52%
Inst Owner ChangeN/A
Ins Owners40.15%
Ins Owner ChangeN/A
Market Cap2.49B
Analysts80
Price Target30.4 (51.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.29% |
Dividend Growth(5Y)7.69%
DP253.4%
Div Incr Years10
Div Non Decr Years28
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.11%
Min EPS beat(2)-20.79%
Max EPS beat(2)-7.42%
EPS beat(4)0
Avg EPS beat(4)-38.01%
Min EPS beat(4)-68.32%
Max EPS beat(4)-7.42%
EPS beat(8)0
Avg EPS beat(8)-74.94%
EPS beat(12)0
Avg EPS beat(12)-79.96%
EPS beat(16)4
Avg EPS beat(16)-54.71%
Revenue beat(2)1
Avg Revenue beat(2)-1.42%
Min Revenue beat(2)-3.01%
Max Revenue beat(2)0.17%
Revenue beat(4)1
Avg Revenue beat(4)-2.64%
Min Revenue beat(4)-4.69%
Max Revenue beat(4)0.17%
Revenue beat(8)3
Avg Revenue beat(8)-2.24%
Revenue beat(12)3
Avg Revenue beat(12)-2.42%
Revenue beat(16)5
Avg Revenue beat(16)-1.41%
PT rev (1m)-1.97%
PT rev (3m)-1.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.66%
EPS NY rev (1m)-6.41%
EPS NY rev (3m)-10.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.86%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.92 | ||
| Fwd PE | 15.09 | ||
| P/S | 0.51 | ||
| P/FCF | 8.75 | ||
| P/OCF | 6.34 | ||
| P/B | 1.65 | ||
| P/tB | 3.58 | ||
| EV/EBITDA | 9.04 |
EPS(TTM)0.48
EY2.39%
EPS(NY)1.33
Fwd EY6.63%
FCF(TTM)2.3
FCFY11.42%
OCF(TTM)3.17
OCFY15.77%
SpS39.27
BVpS12.22
TBVpS5.62
PEG (NY)0.07
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.76% | ||
| ROE | 2.23% | ||
| ROCE | 5.89% | ||
| ROIC | 4.24% | ||
| ROICexc | 4.47% | ||
| ROICexgc | 5.92% | ||
| OM | 4.27% | ||
| PM (TTM) | 0.7% | ||
| GM | 13.4% | ||
| FCFM | 5.85% |
ROA(3y)-2.46%
ROA(5y)-0.47%
ROE(3y)-7.32%
ROE(5y)-2.45%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-39.04%
ROICexcg growth 5Y-32.07%
ROICexc growth 3Y-36.82%
ROICexc growth 5Y-28.28%
OM growth 3Y-37.61%
OM growth 5Y-29.16%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16%
GM growth 5Y-9.33%
F-Score8
Asset Turnover1.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 6.92 | ||
| Debt/EBITDA | 3.43 | ||
| Cap/Depr | 40.37% | ||
| Cap/Sales | 2.23% | ||
| Interest Coverage | 1.33 | ||
| Cash Conversion | 82.57% | ||
| Profit Quality | 841.51% | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 2 |
F-Score8
WACC6.79%
ROIC/WACC0.62
Cap/Depr(3y)171.34%
Cap/Depr(5y)177.49%
Cap/Sales(3y)8.14%
Cap/Sales(5y)8.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)277.78%
EPS 3Y-55.63%
EPS 5Y-40.53%
EPS Q2Q%38.46%
EPS Next Y620.47%
EPS Next 2Y284.88%
EPS Next 3Y171.84%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.46%
Revenue growth 3Y4.19%
Revenue growth 5Y6.85%
Sales Q2Q%1.21%
Revenue Next Year-0.26%
Revenue Next 2Y1.44%
Revenue Next 3Y2.43%
Revenue Next 5YN/A
EBIT growth 1Y23239.7%
EBIT growth 3Y-35%
EBIT growth 5Y-24.31%
EBIT Next Year221.41%
EBIT Next 3Y61.41%
EBIT Next 5YN/A
FCF growth 1Y239.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y123.65%
OCF growth 3Y-18.05%
OCF growth 5Y-10.01%