CAL-MAINE FOODS INC (CALM)
US1280302027 - Common Stock
CALM gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 92 industry peers in the Food Products industry. CALM gets an excellent profitability rating and is at the same time showing great financial health properties. CALM is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CALM had positive earnings in the past year.
CALM had a positive operating cash flow in the past year.
In the past 5 years CALM has always been profitable.
In the past 5 years CALM always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 12.91%, CALM belongs to the top of the industry, outperforming 93.41% of the companies in the same industry.
CALM's Return On Equity of 15.98% is amongst the best of the industry. CALM outperforms 82.42% of its industry peers.
With an excellent Return On Invested Capital value of 12.80%, CALM belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.91% | ||
| ROE | 15.98% | ||
| ROIC | 12.8% |
ROA(3y)16.08%
ROA(5y)10.89%
ROE(3y)19.76%
ROE(5y)13.32%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CALM's Profit Margin of 11.60% is amongst the best of the industry. CALM outperforms 86.81% of its industry peers.
CALM's Profit Margin has improved in the last couple of years.
CALM has a better Operating Margin (13.30%) than 84.62% of its industry peers.
CALM's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 23.30%, CALM is doing good in the industry, outperforming 60.44% of the companies in the same industry.
CALM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.3% | ||
| PM (TTM) | 11.6% | ||
| GM | 23.3% |
OM growth 3Y303.61%
OM growth 5Y20.45%
PM growth 3Y160.6%
PM growth 5Y23.53%
GM growth 3Y41.22%
GM growth 5Y9.63%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CALM is creating some value.
Compared to 1 year ago, CALM has more shares outstanding
CALM has more shares outstanding than it did 5 years ago.
There is no outstanding debt for CALM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
CALM has an Altman-Z score of 7.49. This indicates that CALM is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CALM (7.49) is better than 93.41% of its industry peers.
There is no outstanding debt for CALM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.49 |
ROIC/WACC1.38
WACC9.31%
2.3 Liquidity
A Current Ratio of 5.65 indicates that CALM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.65, CALM belongs to the top of the industry, outperforming 98.90% of the companies in the same industry.
A Quick Ratio of 4.40 indicates that CALM has no problem at all paying its short term obligations.
CALM has a better Quick ratio (4.40) than 97.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.65 | ||
| Quick Ratio | 4.4 |
3. Growth
3.1 Past
The earnings per share for CALM have decreased strongly by -67.70% in the last year.
The Earnings Per Share has been growing by 39.31% on average over the past years. This is a very strong growth
Looking at the last year, CALM shows a very negative growth in Revenue. The Revenue has decreased by -22.17% in the last year.
CALM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.92% yearly.
EPS 1Y (TTM)-67.7%
EPS 3Y247.53%
EPS 5Y39.31%
EPS growth Q2Q-64.2%
Revenue 1Y (TTM)-22.17%
Revenue growth 3Y32.53%
Revenue growth 5Y15.92%
Revenue growth Q2Q-29.52%
3.2 Future
The Earnings Per Share is expected to decrease by -47.60% on average over the next years. This is quite bad
The Revenue is expected to decrease by -12.90% on average over the next years. This is quite bad
EPS Next Y-74.58%
EPS Next 2Y-62.13%
EPS Next 3Y-47.6%
EPS Next 5YN/A
Revenue Next Year-25.58%
Revenue Next 2Y-19.98%
Revenue Next 3Y-12.9%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
A Price/Earnings ratio of 11.60 indicates a reasonable 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 89.01% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.20, CALM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 26.09, the valuation of CALM can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as CALM.
CALM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 26.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CALM is valued cheaply inside the industry as 92.31% of the companies are valued more expensively.
CALM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CALM is cheaper than 80.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.5 | ||
| EV/EBITDA | 4.73 |
4.3 Compensation for Growth
CALM has an outstanding profitability rating, which may justify a higher PE ratio.
CALM's earnings are expected to decrease with -47.60% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.3
EPS Next 2Y-62.13%
EPS Next 3Y-47.6%
5. Dividend
5.1 Amount
CALM has a Yearly Dividend Yield of 6.73%, which is a nice return.
CALM's Dividend Yield is rather good when compared to the industry average which is at 3.58. CALM pays more dividend than 97.80% of the companies in the same industry.
CALM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
5.2 History
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)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
CALM pays out 54.68% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP54.68%
EPS Next 2Y-62.13%
EPS Next 3Y-47.6%
CAL-MAINE FOODS INC
NASDAQ:CALM (4/25/2024, 7:00:01 PM)
After market: 58.3 +0.19 (+0.33%)58.11
-0.71 (-1.21%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.85B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 26.09 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.91% | ||
| ROE | 15.98% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 13.3% | ||
| PM (TTM) | 11.6% | ||
| GM | 23.3% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 5.65 | ||
| Quick Ratio | 4.4 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-67.7%
EPS 3Y247.53%
EPS 5Y
EPS growth Q2Q
EPS Next Y-74.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-22.17%
Revenue growth 3Y32.53%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y