CAL-MAINE FOODS INC (CALM) Stock Fundamental Analysis
USA - NASDAQ:CALM - US1280302027 - Common Stock
100 USD
-4.47 (-4.28%)
100.99 USD
+0.99 (+0.99%)
CALM gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 89 industry peers in the Food Products industry. Both the health and profitability get an excellent rating, making CALM a very profitable company, without any liquidiy or solvency issues. CALM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make CALM a good candidate for value and quality investing.
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.
In the past 5 years CALM always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CALM (39.55%) is better than 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 47.65%, CALM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
With an excellent Return On Invested Capital value of 42.26%, CALM belongs to the best of the industry, outperforming 98.88% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CALM is above the industry average of 28.31%.
The last Return On Invested Capital (42.26%) for CALM is above the 3 year average (31.96%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 39.55% | ||
| ROE | 47.65% | ||
| ROIC | 42.26% |
ROA(3y)30.35%
ROA(5y)20.1%
ROE(3y)36.71%
ROE(5y)24.47%
ROIC(3y)31.96%
ROIC(5y)N/A
1.3 Margins
CALM has a better Profit Margin (28.63%) than 98.88% of its industry peers.
In the last couple of years the Profit Margin of CALM has grown nicely.
CALM's Operating Margin of 36.05% is amongst the best of the industry. CALM outperforms 98.88% 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 43.43%, CALM belongs to the top of the industry, outperforming 97.75% of the companies in the same industry.
CALM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.05% | ||
| PM (TTM) | 28.63% | ||
| GM | 43.43% |
OM growth 3Y64.86%
OM growth 5Y138.61%
PM growth 3Y56.51%
PM growth 5Y83.89%
GM growth 3Y31.21%
GM growth 5Y26.32%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CALM is creating value.
The number of shares outstanding for CALM has been reduced compared to 1 year ago.
CALM has less 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 10.64 indicates that CALM is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 10.64, CALM belongs to the best of the industry, outperforming 93.26% of the companies in the same industry.
CALM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 10.64 |
ROIC/WACC4.83
WACC8.75%
2.3 Liquidity
A Current Ratio of 6.38 indicates that CALM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 6.38, CALM belongs to the top of the industry, outperforming 96.63% of the companies in the same industry.
CALM has a Quick Ratio of 5.42. This indicates that CALM is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of CALM (5.42) is better than 96.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.38 | ||
| Quick Ratio | 5.42 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 393.08% over the past year.
Measured over the past years, CALM shows a very strong growth in Earnings Per Share. The EPS has been growing by 132.15% on average per year.
Looking at the last year, CALM shows a very strong growth in Revenue. The Revenue has grown by 83.20%.
CALM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.82% yearly.
EPS 1Y (TTM)393.08%
EPS 3Y109.59%
EPS 5Y132.15%
EPS Q2Q%203.45%
Revenue 1Y (TTM)83.2%
Revenue growth 3Y33.85%
Revenue growth 5Y25.82%
Sales Q2Q%72.23%
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 -31.80% yearly.
Based on estimates for the next years, CALM will show a decrease in Revenue. The Revenue will decrease by -6.14% on average per year.
EPS Next Y-35.12%
EPS Next 2Y-44.63%
EPS Next 3Y-31.8%
EPS Next 5YN/A
Revenue Next Year-7.25%
Revenue Next 2Y-11.25%
Revenue Next 3Y-6.14%
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
With a Price/Earnings ratio of 4.01, the valuation of CALM can be described as very cheap.
97.75% of the companies in the same industry are more expensive than CALM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CALM to the average of the S&P500 Index (27.38), we can say CALM is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.18, the valuation of CALM can be described as very cheap.
Based on the Price/Forward Earnings ratio, CALM is valued cheaply inside the industry as 98.88% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CALM to the average of the S&P500 Index (22.86), we can say CALM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.01 | ||
| Fwd PE | 6.18 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CALM is valued cheaply inside the industry as 96.63% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CALM indicates a rather cheap valuation: CALM is cheaper than 93.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.56 | ||
| EV/EBITDA | 1.71 |
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 -31.80% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.03
EPS Next 2Y-44.63%
EPS Next 3Y-31.8%
5. Dividend
5.1 Amount
CALM has a Yearly Dividend Yield of 8.48%, which is a nice return.
Compared to an average industry Dividend Yield of 5.03, CALM pays a better dividend. On top of this CALM pays more dividend than 95.51% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, CALM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
5.2 History
CALM has paid a dividend for at least 10 years, which is a reliable track record.
CALM has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
27.07% of the earnings are spent on dividend by CALM. This is a low number and sustainable payout ratio.
DP27.07%
EPS Next 2Y-44.63%
EPS Next 3Y-31.8%
100
-4.47 (-4.28%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners90.9%
Inst Owner Change6.98%
Ins Owners6.39%
Ins Owner Change-2.75%
Market Cap4.85B
Analysts76
Price Target111.69 (11.69%)
Short Float %11.19%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
Yearly Dividend6.77
Dividend Growth(5Y)N/A
DP27.07%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.79%
Min EPS beat(2)-6.68%
Max EPS beat(2)18.25%
EPS beat(4)3
Avg EPS beat(4)14.81%
Min EPS beat(4)-6.68%
Max EPS beat(4)28.57%
EPS beat(8)4
Avg EPS beat(8)-9.51%
EPS beat(12)6
Avg EPS beat(12)-5.11%
EPS beat(16)8
Avg EPS beat(16)-5.99%
Revenue beat(2)1
Avg Revenue beat(2)6.11%
Min Revenue beat(2)-2.7%
Max Revenue beat(2)14.91%
Revenue beat(4)3
Avg Revenue beat(4)15.52%
Min Revenue beat(4)-2.7%
Max Revenue beat(4)25.32%
Revenue beat(8)4
Avg Revenue beat(8)7.05%
Revenue beat(12)7
Avg Revenue beat(12)6.76%
Revenue beat(16)9
Avg Revenue beat(16)5.13%
PT rev (1m)0.15%
PT rev (3m)7.7%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)146.93%
EPS NY rev (1m)87.66%
EPS NY rev (3m)87.66%
Revenue NQ rev (1m)1.27%
Revenue NQ rev (3m)42.91%
Revenue NY rev (1m)2.05%
Revenue NY rev (3m)35.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.01 | ||
| Fwd PE | 6.18 | ||
| P/S | 1.14 | ||
| P/FCF | 4.56 | ||
| P/OCF | 3.96 | ||
| P/B | 1.89 | ||
| P/tB | 1.94 | ||
| EV/EBITDA | 1.71 |
EPS(TTM)24.95
EY24.95%
EPS(NY)16.19
Fwd EY16.19%
FCF(TTM)21.93
FCFY21.93%
OCF(TTM)25.25
OCFY25.25%
SpS87.87
BVpS52.8
TBVpS51.52
PEG (NY)N/A
PEG (5Y)0.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 39.55% | ||
| ROE | 47.65% | ||
| ROCE | 55.34% | ||
| ROIC | 42.26% | ||
| ROICexc | 84.77% | ||
| ROICexgc | 88.74% | ||
| OM | 36.05% | ||
| PM (TTM) | 28.63% | ||
| GM | 43.43% | ||
| FCFM | 24.95% |
ROA(3y)30.35%
ROA(5y)20.1%
ROE(3y)36.71%
ROE(5y)24.47%
ROIC(3y)31.96%
ROIC(5y)N/A
ROICexc(3y)56.96%
ROICexc(5y)N/A
ROICexgc(3y)59.91%
ROICexgc(5y)N/A
ROCE(3y)41.84%
ROCE(5y)N/A
ROICexcg growth 3Y101.46%
ROICexcg growth 5Y173.05%
ROICexc growth 3Y102.41%
ROICexc growth 5Y174.29%
OM growth 3Y64.86%
OM growth 5Y138.61%
PM growth 3Y56.51%
PM growth 5Y83.89%
GM growth 3Y31.21%
GM growth 5Y26.32%
F-Score9
Asset Turnover1.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 171.51% | ||
| Cap/Sales | 3.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.12% | ||
| Profit Quality | 87.17% | ||
| Current Ratio | 6.38 | ||
| Quick Ratio | 5.42 | ||
| Altman-Z | 10.64 |
F-Score9
WACC8.75%
ROIC/WACC4.83
Cap/Depr(3y)181.35%
Cap/Depr(5y)161.95%
Cap/Sales(3y)4.82%
Cap/Sales(5y)5.11%
Profit Quality(3y)97.5%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)393.08%
EPS 3Y109.59%
EPS 5Y132.15%
EPS Q2Q%203.45%
EPS Next Y-35.12%
EPS Next 2Y-44.63%
EPS Next 3Y-31.8%
EPS Next 5YN/A
Revenue 1Y (TTM)83.2%
Revenue growth 3Y33.85%
Revenue growth 5Y25.82%
Sales Q2Q%72.23%
Revenue Next Year-7.25%
Revenue Next 2Y-11.25%
Revenue Next 3Y-6.14%
Revenue Next 5YN/A
EBIT growth 1Y397.98%
EBIT growth 3Y120.66%
EBIT growth 5Y200.22%
EBIT Next Year-31.33%
EBIT Next 3Y-30.22%
EBIT Next 5YN/A
FCF growth 1Y249.5%
FCF growth 3Y170.39%
FCF growth 5YN/A
OCF growth 1Y171.32%
OCF growth 3Y113.3%
OCF growth 5Y75.48%