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HLF

High Liner FoodsTSX:HLF Stock Report

Market Cap

CA$443.0m

7D

1.8%

1Y

39.9%

Updated

26 Oct, 2021

Data

Company Financials +
HLF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

HLF Overview

High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America.

High Liner Foods Competitors

Conagra Brands

NYSE:CAG

US$15.8b

Nippon Suisan Kaisha

TSE:1332

JP¥203.8b

Price History & Performance

Summary of all time highs, changes and price drops for High Liner Foods
Historical stock prices
Current Share PriceCA$13.28
52 Week HighCA$8.45
52 Week LowCA$14.13
Beta0.72
1 Month Change0.23%
3 Month Change-0.97%
1 Year Change39.94%
3 Year Change59.81%
5 Year Change-46.88%
Change since IPO32.80%

Recent News & Updates

Shareholder Returns

HLFCA FoodCA Market
7D1.8%-0.9%1.0%
1Y39.9%5.8%36.8%

Return vs Industry: HLF exceeded the Canadian Food industry which returned 5.3% over the past year.

Return vs Market: HLF exceeded the Canadian Market which returned 36.5% over the past year.

Price Volatility

Is HLF's price volatile compared to industry and market?
HLF volatility
HLF Beta0.72
Industry Beta0.87
Market Beta1

Stable Share Price: HLF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
18991,167Rod Hepponstallhttps://www.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, such as raw fillets and shellfishes; cooked shellfishes; and value-added products comprising sauced, glazed, breaded, and battered seafood products, as well as seafood entrées. It also produces breaded cheese sticks; and offers frozen shrimp products.

High Liner Foods Fundamentals Summary

How do High Liner Foods's earnings and revenue compare to its market cap?
HLF fundamental statistics
Market CapUS$357.86m
Earnings (TTM)US$37.04m
Revenue (TTM)US$826.26m

9.7x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLF income statement (TTM)
RevenueUS$826.26m
Cost of RevenueUS$641.78m
Gross ProfitUS$184.49m
ExpensesUS$147.44m
EarningsUS$37.04m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

Nov 17, 2021

Earnings per share (EPS)1.11
Gross Margin22.33%
Net Profit Margin4.48%
Debt/Equity Ratio77.8%

How did HLF perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is High Liner Foods undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HLF (CA$13.28) is trading below our estimate of fair value (CA$32.96)

Significantly Below Fair Value: HLF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HLF is good value based on its PE Ratio (9.7x) compared to the Canadian Food industry average (18.3x).

PE vs Market: HLF is good value based on its PE Ratio (9.7x) compared to the Canadian market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: HLF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HLF is good value based on its PB Ratio (1.1x) compared to the CA Food industry average (2.9x).


Future Growth

How is High Liner Foods forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLF's earnings are forecast to decline over the next 3 years (-3.6% per year).

Earnings vs Market: HLF's earnings are forecast to decline over the next 3 years (-3.6% per year).

High Growth Earnings: HLF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HLF's revenue (3.9% per year) is forecast to grow slower than the Canadian market (6.7% per year).

High Growth Revenue: HLF's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HLF's Return on Equity is forecast to be high in 3 years time


Past Performance

How has High Liner Foods performed over the past 5 years?

-7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLF has high quality earnings.

Growing Profit Margin: HLF's current net profit margins (4.5%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: HLF's earnings have declined by 7.9% per year over the past 5 years.

Accelerating Growth: HLF's earnings growth over the past year (194%) exceeds its 5-year average (-7.9% per year).

Earnings vs Industry: HLF earnings growth over the past year (194%) exceeded the Food industry 41.8%.


Return on Equity

High ROE: HLF's Return on Equity (11.5%) is considered low.


Financial Health

How is High Liner Foods's financial position?


Financial Position Analysis

Short Term Liabilities: HLF's short term assets ($340.4M) exceed its short term liabilities ($132.5M).

Long Term Liabilities: HLF's short term assets ($340.4M) exceed its long term liabilities ($307.8M).


Debt to Equity History and Analysis

Debt Level: HLF's debt to equity ratio (77.8%) is considered high.

Reducing Debt: HLF's debt to equity ratio has reduced from 135.2% to 77.8% over the past 5 years.

Debt Coverage: HLF's debt is well covered by operating cash flow (40.4%).

Interest Coverage: HLF's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

What is High Liner Foods's current dividend yield, its reliability and sustainability?

2.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HLF's dividend (2.03%) is higher than the bottom 25% of dividend payers in the Canadian market (1.56%).

High Dividend: HLF's dividend (2.03%) is low compared to the top 25% of dividend payers in the Canadian market (4.49%).


Stability and Growth of Payments

Stable Dividend: HLF's dividend payments have been volatile in the past 10 years.

Growing Dividend: HLF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.5%), HLF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Rod Hepponstall (54 yo)

3.42yrs

Tenure

US$2,371,187

Compensation

Mr. Rodney W. Hepponstall, also known as Rod, has been President and Chief Executive Officer at High Liner Foods Incorporated since May 1, 2018 and has been its Director since 2018. Mr. Hepponstall had ser...


CEO Compensation Analysis

Compensation vs Market: Rod's total compensation ($USD2.37M) is above average for companies of similar size in the Canadian market ($USD805.41K).

Compensation vs Earnings: Rod's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HLF's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: HLF's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

High Liner Foods Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: High Liner Foods Incorporated
  • Ticker: HLF
  • Exchange: TSX
  • Founded: 1899
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CA$442.951m
  • Shares outstanding: 33.35m
  • Website: https://www.highlinerfoods.com

Number of Employees


Location

  • High Liner Foods Incorporated
  • 100 Battery Point
  • PO Box 910
  • Lunenburg
  • Nova Scotia
  • B0J 2C0
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:34
End of Day Share Price2021/10/26 00:00
Earnings2021/07/03
Annual Earnings2021/01/02


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 here.