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HLF

High Liner Foods TSX:HLF Stock Report

Last Price

CA$11.79

Market Cap

CA$392.8m

7D

-5.5%

1Y

-10.8%

Updated

24 May, 2022

Data

Company Financials +
HLF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends3/6

HLF Stock Overview

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

High Liner Foods Competitors

Price History & Performance

Summary of all time highs, changes and price drops for High Liner Foods
Historical stock prices
Current Share PriceCA$11.79
52 Week HighCA$15.45
52 Week LowCA$11.06
Beta0.81
1 Month Change-7.02%
3 Month Change-8.82%
1 Year Change-10.82%
3 Year Change39.20%
5 Year Change-39.26%
Change since IPO17.90%

Recent News & Updates

Shareholder Returns

HLFCA FoodCA Market
7D-5.5%-5.6%-0.7%
1Y-10.8%-30.4%5.2%

Return vs Industry: HLF exceeded the Canadian Food industry which returned -28.8% over the past year.

Return vs Market: HLF underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is HLF's price volatile compared to industry and market?
HLF volatility
HLF Average Weekly Movement4.5%
Food Industry Average Movement8.2%
Market Average Movement9.8%
10% most volatile stocks in CA Market16.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: HLF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HLF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18991,102Rod 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, including raw fillets and shellfish, cooked shellfish; and value added products, which include sauced, glazed, breaded and battered seafood, seafood entrees, and breaded cheese sticks, including High Liner, Fisher Boy, Sea Cuisine, Catch of the Day, C.Wirthy & Co., High Liner Foodservice, Mirabel, Icelandic Seafood, and FPI brands. It sells its products directly, as well as through distributors to retail and club stores; and through foodservice distributors to hotels, restaurants, and healthcare and educational organizations.

High Liner Foods Fundamentals Summary

How do High Liner Foods's earnings and revenue compare to its market cap?
HLF fundamental statistics
Market CapUS$305.44m
Earnings (TTM)US$39.07m
Revenue (TTM)US$926.73m

7.8x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLF income statement (TTM)
RevenueUS$926.73m
Cost of RevenueUS$723.81m
Gross ProfitUS$202.92m
Other ExpensesUS$163.85m
EarningsUS$39.07m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)1.17
Gross Margin21.90%
Net Profit Margin4.22%
Debt/Equity Ratio81.3%

How did HLF perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

23%

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 DateMay 31 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend6 days
Days until Dividend pay date21 days

Does HLF pay a reliable dividends?

See HLF dividend history and benchmarks

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


35.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HLF (CA$11.79) is trading below our estimate of fair value (CA$18.15)

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 Price-To-Earnings Ratio (7.8x) compared to the Canadian Food industry average (12.9x).

PE vs Market: HLF is good value based on its Price-To-Earnings Ratio (7.8x) compared to the Canadian market (11.3x).


Price to Earnings Growth Ratio

PEG Ratio: HLF is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: HLF is good value based on its Price-To-Book Ratio (0.9x) compared to the CA Food industry average (1.9x).


Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLF's forecast earnings growth (6.9% per year) is above the savings rate (1.6%).

Earnings vs Market: HLF's earnings (6.9% per year) are forecast to grow slower than the Canadian market (7.6% per year).

High Growth Earnings: HLF's earnings are forecast to grow, but not significantly.

Revenue vs Market: HLF's revenue (5.5% per year) is forecast to grow slower than the Canadian market (6.4% per year).

High Growth Revenue: HLF's revenue (5.5% 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?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HLF has high quality earnings.

Growing Profit Margin: HLF's current net profit margins (4.2%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: HLF's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: HLF's earnings growth over the past year (20.7%) exceeds its 5-year average (6.7% per year).

Earnings vs Industry: HLF earnings growth over the past year (20.7%) exceeded the Food industry -22.1%.


Return on Equity

High ROE: HLF's Return on Equity (11.1%) is considered low.


Financial Health

How is High Liner Foods's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HLF's short term assets ($417.6M) exceed its short term liabilities ($187.7M).

Long Term Liabilities: HLF's short term assets ($417.6M) exceed its long term liabilities ($300.2M).


Debt to Equity History and Analysis

Debt Level: HLF's net debt to equity ratio (81.3%) is considered high.

Reducing Debt: HLF's debt to equity ratio has reduced from 127.6% to 81.3% over the past 5 years.

Debt Coverage: HLF's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: HLF's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.35%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 25 2022Ex Dividend DateMay 31 2022Dividend Pay DateJun 15 202215 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HLF's dividend (3.35%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).

High Dividend: HLF's dividend (3.35%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.3%), HLF's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: HLF is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.0yrs

Average management tenure


CEO

Rod Hepponstall (54 yo)

4yrs

Tenure

US$2,476,452

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 ($USD2.48M) is above average for companies of similar size in the Canadian market ($USD982.51K).

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 (4 years average tenure).


Board Members

Experienced Board: HLF's board of directors are considered experienced (8.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HLF 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
  • Implied Market Cap: CA$392.757m
  • Shares outstanding: 33.31m
  • 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 Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/04/02
Annual Earnings2022/01/01


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.