Happy Belly Food Group Valuation

Is HBFG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HBFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HBFG's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HBFG's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HBFG?

Key metric: As HBFG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HBFG. This is calculated by dividing HBFG's market cap by their current revenue.
What is HBFG's PS Ratio?
PS Ratio	13.4x
Sales	CA$6.85m
Market Cap	CA$93.06m

HBFG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	13.9x
Enterprise Value/EBITDA	-108.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does HBFG's PS Ratio compare to its peers?

The above table shows the PS ratio for HBFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.3x
FRSH Fresh Factory B.C	1.1x	n/a	CA$44.2m
VERY.H Very Good Food	1.4x	n/a	CA$13.7m
SWP Swiss Water Decaffeinated Coffee	0.2x	5.1%	CA$38.1m
GFCO Good Flour	6.6x	n/a	CA$8.7m
HBFG Happy Belly Food Group	13.4x	n/a	CA$93.1m

Price-To-Sales vs Peers: HBFG is expensive based on its Price-To-Sales Ratio (13.4x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does HBFG's PS Ratio compare vs other companies in the CA Food Industry?

8 Companies	Price / Sales	Estimated Growth	Market Cap
SWP Swiss Water Decaffeinated Coffee	0.2x	5.1%	US$27.23m
IRO Inter-Rock Minerals	0.2x	n/a	US$14.93m
PEAS.H Global Food and Ingredients	0.06x	n/a	US$4.94m
JTR.H GreenSpace Brands	0.2x	n/a	US$1.92m

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: HBFG is expensive based on its Price-To-Sales Ratio (13.4x) compared to the Canadian Food industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is HBFG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HBFG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	13.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HBFG's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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