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 gets an excellent profitability rating and is at the same time showing great financial health properties. CALM may be a bit undervalued, certainly considering the very reasonable score on growth Finally CALM also has an excellent dividend rating. This makes CALM very considerable 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.
Each year in the past 5 years CALM has been profitable.
In the past 5 years CALM always reported a positive cash flow from operatings.
1.2 Ratios
CALM has a better Return On Assets (32.15%) than 98.89% of its industry peers.
The Return On Equity of CALM (41.60%) is better than 98.89% of its industry peers.
With an excellent Return On Invested Capital value of 36.48%, CALM belongs to the best of the industry, outperforming 98.89% 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 8.67%.
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 has a Profit Margin of 26.08%. This is amongst the best in the industry. CALM outperforms 96.67% 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 98.89% of its industry peers.
In the last couple of years the Operating Margin of CALM has grown nicely.
Looking at the Gross Margin, with a value of 39.63%, CALM belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
CALM's Gross Margin has improved in the last couple of years.
| 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.
CALM has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CALM has been increased compared to 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
An Altman-Z score of 8.22 indicates that CALM is not in any danger for bankruptcy at the moment.
CALM has a Altman-Z score of 8.22. This is amongst the best in 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 | 8.22 |
ROIC/WACC4.01
WACC9.1%
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 better Current ratio (3.86) than 92.22% 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.
Looking at the Quick ratio, with a value of 3.26, CALM belongs to the top 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.
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%.
Measured over the past years, CALM shows a quite strong growth in Revenue. The Revenue has been growing by 11.32% on average per year.
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
The Earnings Per Share is expected to decrease by -14.60% on average over the next years. This is quite bad
The Revenue is expected to decrease by -0.80% on average over the next years.
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 4.76, which indicates a rather cheap valuation of CALM.
CALM's Price/Earnings ratio is rather cheap when compared to the industry. CALM is cheaper than 95.56% of the companies in the same industry.
CALM is valuated cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.17 indicates a reasonable valuation of CALM.
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.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.43, CALM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.76 | ||
| Fwd PE | 11.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CALM indicates a rather cheap valuation: CALM is cheaper than 92.22% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CALM is valued cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.44 | ||
| EV/EBITDA | 2.07 |
4.3 Compensation for Growth
CALM's 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
With a Yearly Dividend Yield of 14.41%, CALM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.58, CALM pays a better dividend. On top of this CALM pays more dividend than 98.89% of the companies listed in the same industry.
CALM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.41% |
5.2 History
On average, the dividend of CALM grows each year by 16.93%, which is quite nice.
CALM has paid a dividend for at least 10 years, which is 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
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%
96.36
-0.81 (-0.83%)
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 Cap4.67B
Analysts80
Price Target103.7 (7.62%)
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 | 4.76 | ||
| Fwd PE | 11.17 | ||
| P/S | 1.23 | ||
| P/FCF | 5.44 | ||
| P/OCF | 4.56 | ||
| P/B | 1.96 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 2.07 |
EPS(TTM)20.23
EY20.99%
EPS(NY)8.63
Fwd EY8.95%
FCF(TTM)17.71
FCFY18.38%
OCF(TTM)21.15
OCFY21.95%
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 | 8.22 |
F-Score8
WACC9.1%
ROIC/WACC4.01
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%