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 90 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. CALM may be a bit undervalued, certainly considering the very reasonable score on growth Finally 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
CALM had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 32.15%, CALM belongs to the top of the industry, outperforming 98.89% of the companies in the same industry.
CALM's Return On Equity of 41.60% is amongst the best of the industry. CALM outperforms 98.89% of its industry peers.
CALM has a Return On Invested Capital of 36.48%. This is amongst the best in the industry. CALM outperforms 98.89% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CALM is significantly above the industry average of 8.63%.
The last Return On Invested Capital (36.48%) for CALM is above the 3 year average (20.77%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 26.08%, CALM belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
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 98.89% of its industry peers.
In the last couple of years the Operating Margin of CALM has grown nicely.
The Gross Margin of CALM (39.63%) is better than 90.00% 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
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.
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
An Altman-Z score of 8.13 indicates that CALM is not in any danger for bankruptcy at the moment.
CALM's Altman-Z score of 8.13 is amongst the best of the industry. CALM outperforms 94.44% 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 | 8.13 |
ROIC/WACC3.97
WACC9.18%
2.3 Liquidity
A Current Ratio of 3.86 indicates that CALM has no problem at all paying its short term obligations.
CALM has a Current ratio of 3.86. This is amongst the best in the industry. CALM outperforms 92.22% of its industry peers.
A Quick Ratio of 3.26 indicates that CALM has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.26, CALM belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.86 | ||
| Quick Ratio | 3.26 |
3. Growth
3.1 Past
CALM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 303.79%, which is quite impressive.
CALM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 34.26% yearly.
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.
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
The Price/Earnings ratio is 4.70, which indicates a rather cheap valuation of CALM.
Based on the Price/Earnings ratio, CALM is valued cheaper than 95.56% of the companies in the same industry.
When comparing the Price/Earnings ratio of CALM to the average of the S&P500 Index (25.82), we can say CALM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.03, the valuation of CALM can be described as reasonable.
CALM's Price/Forward Earnings ratio is rather cheap when compared to the industry. CALM is cheaper than 81.11% of the companies in the same industry.
CALM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.7 | ||
| Fwd PE | 11.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CALM is valued cheaply inside the industry as 92.22% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CALM is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.37 | ||
| EV/EBITDA | 1.99 |
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)0.01
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 14.41%, which is a nice return.
Compared to an average industry Dividend Yield of 4.59, CALM pays a better dividend. On top of this CALM pays more dividend than 98.89% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, CALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.41% |
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.
CALM has decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.93%
Div Incr Years2
Div Non Decr Years2
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%
95.1
+0.09 (+0.09%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners91.92%
Inst Owner Change6.4%
Ins Owners1.29%
Ins Owner Change1.82%
Market Cap4.61B
Analysts80
Price Target103.7 (9.04%)
Short Float %14.8%
Short Ratio5.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.41% |
Yearly Dividend1.87
Dividend Growth(5Y)16.93%
DP21.16%
Div Incr Years2
Div Non Decr Years2
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)-0.81%
PT rev (3m)-0.81%
EPS NQ rev (1m)5.9%
EPS NQ rev (3m)105.7%
EPS NY rev (1m)0.77%
EPS NY rev (3m)46.55%
Revenue NQ rev (1m)-0.74%
Revenue NQ rev (3m)28.16%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)19.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.7 | ||
| Fwd PE | 11.03 | ||
| P/S | 1.21 | ||
| P/FCF | 5.37 | ||
| P/OCF | 4.5 | ||
| P/B | 1.94 | ||
| P/tB | 1.99 | ||
| EV/EBITDA | 1.99 |
EPS(TTM)20.23
EY21.27%
EPS(NY)8.63
Fwd EY9.07%
FCF(TTM)17.71
FCFY18.63%
OCF(TTM)21.15
OCFY22.24%
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 | 8.13 |
F-Score8
WACC9.18%
ROIC/WACC3.97
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 Year460.39%
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%