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High Liner Foods IncorporatedTSX:HLF Stock Report

Market Cap CA$405.9m
Share Price
CA$14.41
CA$16.51
12.7% undervalued intrinsic discount
1Y-18.8%
7D-0.4%
1D
Portfolio Value
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High Liner Foods Incorporated

TSX:HLF Stock Report

Market Cap: CA$405.9m

HLF Community Fair Values

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High Liner Foods Incorporated Competitors

Price History & Performance

Summary of share price highs, lows and changes for High Liner Foods
Historical stock prices
Current Share PriceCA$14.41
52 Week HighCA$19.07
52 Week LowCA$13.13
Beta0.52
1 Month Change3.22%
3 Month Change-12.35%
1 Year Change-18.82%
3 Year Change-1.64%
5 Year Change8.75%
Change since IPO-57.62%

Recent News & Updates

Narrative Update Apr 27

HLF: Cost Actions And New Meals Will Support Future Repricing

Analysts have trimmed their price target on High Liner Foods by CA$2 to reflect updated views on fair value, profit margins and future P/E assumptions following recent research. Analyst Commentary Recent research indicates that the trimmed price target mainly reflects updated views on fair value, expected profit margins and P/E multiples for High Liner Foods.
Narrative Update Apr 12

HLF: Cost Actions And New Meals Will Support Future Upside

Analysts have lowered their price target on High Liner Foods by CA$2 to reflect updated views on fair value, discount rates and forward P/E assumptions. Analyst Commentary Analysts cutting the price target by CA$2 are signaling a reset in expectations rather than a complete change in view on High Liner Foods.
Narrative Update Mar 26

HLF: New Convenience Meals Will Support Future Upside Potential

Analysts now see a slightly lower fair value for High Liner Foods, trimming the implied CA$ price target from about CA$18.68 to roughly CA$18.50 as they modestly adjust assumptions for the discount rate, long term revenue growth, profit margin and future P/E expectations. What's in the News High Liner Foods introduced a new line of Sea Cuisine Skillet Meals at Seafood Expo North America, aimed at consumers looking for complete frozen meal options with minimal prep time (Key Developments).

Recent updates

Narrative Update Apr 27

HLF: Cost Actions And New Meals Will Support Future Repricing

Analysts have trimmed their price target on High Liner Foods by CA$2 to reflect updated views on fair value, profit margins and future P/E assumptions following recent research. Analyst Commentary Recent research indicates that the trimmed price target mainly reflects updated views on fair value, expected profit margins and P/E multiples for High Liner Foods.
Narrative Update Apr 12

HLF: Cost Actions And New Meals Will Support Future Upside

Analysts have lowered their price target on High Liner Foods by CA$2 to reflect updated views on fair value, discount rates and forward P/E assumptions. Analyst Commentary Analysts cutting the price target by CA$2 are signaling a reset in expectations rather than a complete change in view on High Liner Foods.
Narrative Update Mar 26

HLF: New Convenience Meals Will Support Future Upside Potential

Analysts now see a slightly lower fair value for High Liner Foods, trimming the implied CA$ price target from about CA$18.68 to roughly CA$18.50 as they modestly adjust assumptions for the discount rate, long term revenue growth, profit margin and future P/E expectations. What's in the News High Liner Foods introduced a new line of Sea Cuisine Skillet Meals at Seafood Expo North America, aimed at consumers looking for complete frozen meal options with minimal prep time (Key Developments).
Narrative Update Mar 12

HLF: Higher Future P/E Assumptions Will Support Upside Potential

Analysts have modestly raised their price target for High Liner Foods to about CA$18.68 per share from roughly CA$18.20, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Valuation Changes Fair Value: CA$18.20 updated to CA$18.68, a modest upward adjustment in the modelled estimate.
Narrative Update Feb 25

HLF: Higher Future P/E Framework Will Support Upside Potential

Analysts have adjusted their High Liner Foods price target from CA$18.91 to CA$18.20 as they factor in updated assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value: from CA$18.91 to CA$18.20, a modest reduction in the modelled estimate.
Narrative Update Feb 10

HLF: Updated Discount Rate And P/E Framework Will Support Upside

Analysts have nudged their price target for High Liner Foods higher to about $18.91 from roughly $18.09, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E. These changes refine their overall valuation framework rather than pointing to any single driver.
Narrative Update Jan 27

HLF: Late Q4 USDA Contract Is Expected To Support Upside

Analysts have lowered their price target on High Liner Foods to C$16 from C$22, pointing to weaker than expected Q3 results and more conservative near term volume and revenue assumptions, even as a potential new USDA contract offers some offset. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the new C$16 price target still sits meaningfully above the current trading price implied by the prior C$22 target cut, which they see as leaving some room if execution stabilizes.
Narrative Update Jan 10

HLF: Late Q4 USDA Contract Volume Will Support Upside Despite Downgrade

Analysts have trimmed their fair value estimate for High Liner Foods slightly to about $18.09 from $18.03, reflecting more cautious revenue and volume assumptions after recent results and a reduced C$16 Street price target. Analyst Commentary Bullish Takeaways Bullish analysts see the new USDA contract as an important volume driver, with indications of a relatively large increase in volume beginning in late Q4 that could help support revenue and justify the current fair value estimate.
Narrative Update Dec 21

HLF: Late Q4 USDA Contract Volume Will Drive Upside Despite Downgrade

Analysts have trimmed their price target for High Liner Foods by approximately C$4.00 to around C$16.00, citing weaker than expected Q3 results and more conservative near term volume and revenue assumptions, despite potential upside from a new USDA contract. Analyst Commentary Analysts are reassessing their stance on High Liner Foods in light of the latest results, recalibrating expectations for both short term execution and medium term growth.
Narrative Update Dec 07

HLF: Late Q4 USDA Contract Volume Is Expected To Drive Upside

Analysts have modestly trimmed their price target on High Liner Foods to C$18.27 from C$18.27 as they balance near term caution following softer Q3 results and lower volume assumptions with expectations that a new USDA contract and a transition back to revenue growth could support improving performance over time. Analyst Commentary Analyst opinions on High Liner Foods have become more balanced, with some focusing on the potential for renewed growth and others emphasizing execution risks and near term headwinds.
Narrative Update Nov 23

HLF: Anticipated Late Q4 USDA Volume Will Drive Bullish Momentum

Analysts have slightly lowered their price target for High Liner Foods, reducing the fair value estimate from C$18.40 to C$18.27. This change is due to modestly reduced revenue growth forecasts and a more cautious outlook on near-term results following recent financial performance.
Analysis Article Nov 13

Earnings Troubles May Signal Larger Issues for High Liner Foods (TSE:HLF) Shareholders

Last week's earnings announcement from High Liner Foods Incorporated ( TSE:HLF ) was disappointing to investors, with a...
Analysis Article Nov 09

High Liner Foods (TSE:HLF) Will Pay A Larger Dividend Than Last Year At $0.175

High Liner Foods Incorporated ( TSE:HLF ) has announced that it will be increasing its dividend from last year's...
Narrative Update Nov 08

HLF: Anticipated USDA Contract Will Drive Volume Recovery In Late Q4

Analysts have lowered their fair value estimate for High Liner Foods from C$21.37 to C$18.40. They cited softer recent results and a more conservative near-term revenue outlook, despite potential volume upside in late Q4.
User avatar
New Narrative Jun 22

Global Seafood Expansion Will Deliver Future Potential Amid Risks

Product innovation, supply chain diversification, and sustainability focus strengthen market position and support revenue growth, improved margins, and resilience against disruptions.
Analysis Article Nov 16

High Liner Foods' (TSE:HLF) Profits Appear To Have Quality Issues

Following the solid earnings report from High Liner Foods Incorporated ( TSE:HLF ), the market responded by bidding up...
Analysis Article Nov 12

High Liner Foods (TSE:HLF) Is Increasing Its Dividend To $0.17

High Liner Foods Incorporated ( TSE:HLF ) has announced that it will be increasing its dividend from last year's...
Analysis Article May 23

High Liner Foods (TSE:HLF) Will Pay A Larger Dividend Than Last Year At $0.13

High Liner Foods Incorporated ( TSE:HLF ) will increase its dividend from last year's comparable payment on the 15th of...
Analysis Article Feb 27

High Liner Foods (TSE:HLF) Has Announced That It Will Be Increasing Its Dividend To $0.13

High Liner Foods Incorporated's ( TSE:HLF ) dividend will be increasing from last year's payment of the same period to...
Analysis Article Nov 13

High Liner Foods' (TSE:HLF) Upcoming Dividend Will Be Larger Than Last Year's

The board of High Liner Foods Incorporated ( TSE:HLF ) has announced that it will be paying its dividend of $0.13 on...

Shareholder Returns

HLFCA FoodCA Market
7D-0.4%1.9%1.1%
1Y-18.8%33.3%32.4%

Return vs Industry: HLF underperformed the Canadian Food industry which returned 33.8% over the past year.

Return vs Market: HLF underperformed the Canadian Market which returned 32.1% over the past year.

Price Volatility

Is HLF's price volatile compared to industry and market?
HLF volatility
HLF Average Weekly Movement2.9%
Food Industry Average Movement5.4%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: HLF has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: HLF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18991,206Paul Jewerwww.highlinerfoods.com

High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America. The company provides a range of frozen seafood products, including raw fillets and shellfish, and cooked shellfish; and value-added products, such as sauced, glazed, breaded and battered seafood, seafood entrees, and breaded cheese sticks under the High Liner, Fisher Boy, Sea Cuisine, C. Wirthy, Mirabel, Mrs. Paul's, Van de Kamp’s, Signature, Catch of the Day, Icelandic Seafood, and FPI brands. It sells its products through distributors to retail and club stores; and foodservice distributors to hotels, restaurants, and healthcare and educational organizations, as well as through its website.

High Liner Foods Incorporated Fundamentals Summary

How do High Liner Foods's earnings and revenue compare to its market cap?
HLF fundamental statistics
Market capCA$405.89m
Earnings (TTM)CA$40.48m
Revenue (TTM)CA$1.51b
10.0x
P/E Ratio
0.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HLF income statement (TTM)
RevenueUS$1.09b
Cost of RevenueUS$877.47m
Gross ProfitUS$215.91m
Other ExpensesUS$186.68m
EarningsUS$29.23m

Last Reported Earnings

Apr 04, 2026

Next Earnings Date

Aug 13, 2026

Earnings per share (EPS)1.04
Gross Margin19.75%
Net Profit Margin2.67%
Debt/Equity Ratio73.0%

How did HLF perform over the long term?

See historical performance and comparison

Dividends

4.8%
Current Dividend Yield
50%
Payout Ratio

Does HLF pay a reliable dividends?

See HLF dividend history and benchmarks
When do you need to buy HLF by to receive an upcoming dividend?
High Liner Foods dividend dates
Ex Dividend DateJun 01 2026
Dividend Pay DateJun 15 2026
Days until Ex dividend3 days
Days until Dividend pay date11 days

Does HLF pay a reliable dividends?

See HLF dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 13:46
End of Day Share Price 2026/06/02 00:00
Earnings2026/04/04
Annual Earnings2026/01/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

High Liner Foods Incorporated is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kyle McPheeATB Cormark
Doug CooperBeacon Securities Limited
Stephen MacLeodBMO Capital Markets Equity Research