High Liner Foods Incorporated

TSX:HLF Stock Report

Market Cap: CA$465.5m

High Liner Foods Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: HLF (CA$15.64) is trading below our estimate of fair value (CA$27.1)

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

Key Valuation Metric

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

Key metric: As HLF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HLF. This is calculated by dividing HLF's market cap by their current earnings.
What is HLF's PE Ratio?
PE Ratio5.3x
EarningsUS$60.65m
Market CapUS$323.90m

Price to Earnings Ratio vs Peers

How does HLF's PE Ratio compare to its peers?

The above table shows the PE ratio for HLF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.8x
RSI Rogers Sugar
14.3xn/aCA$768.4m
LAS.A Lassonde Industries
11.2x17.4%CA$1.2b
MFI Maple Leaf Foods
74.4xn/aCA$2.5b
PBH Premium Brands Holdings
35.4x48.9%CA$3.5b
HLF High Liner Foods
5.3xn/aCA$465.5m

Price-To-Earnings vs Peers: HLF is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (33.8x).

Price to Earnings Ratio vs Industry

How does HLF's PE Ratio compare vs other companies in the North American Food Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HLF 5.3xIndustry Avg. 20.1xNo. of Companies8PE01224364860+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HLF is good value based on its Price-To-Earnings Ratio (5.3x) compared to the North American Food industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

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

HLF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HLF's Price-To-Earnings 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?

The above table shows the analyst HLF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$15.64
CA$17.73
+13.4%
6.5%CA$18.88CA$16.58n/a2
Dec ’25CA$15.41
CA$16.39
+6.4%
11.6%CA$18.29CA$14.49n/a2
Nov ’25CA$13.06
CA$16.32
+25.0%
13.2%CA$18.47CA$14.17n/a2
Oct ’25CA$12.48
CA$15.39
+23.3%
13.0%CA$18.22CA$13.98n/a3
Sep ’25CA$13.40
CA$15.39
+14.9%
13.0%CA$18.22CA$13.98n/a3
Aug ’25CA$13.24
CA$15.49
+17.0%
13.3%CA$18.40CA$14.00n/a3
Jul ’25CA$13.39
CA$15.49
+15.7%
13.3%CA$18.40CA$14.00n/a3
Jun ’25CA$13.32
CA$15.42
+15.8%
13.1%CA$18.28CA$13.98n/a3
May ’25CA$13.25
CA$15.46
+16.7%
13.2%CA$18.34CA$13.99n/a3
Apr ’25CA$13.31
CA$15.42
+15.9%
13.0%CA$18.26CA$14.01n/a3
Mar ’25CA$12.77
CA$14.85
+16.3%
10.4%CA$17.02CA$13.51n/a3
Feb ’25CA$12.03
CA$13.45
+11.8%
15.4%CA$16.32CA$11.48n/a3
Jan ’25CA$11.82
CA$13.45
+13.8%
15.4%CA$16.32CA$11.48n/a3
Dec ’24CA$11.09
CA$13.75
+23.9%
16.4%CA$16.83CA$11.48CA$15.413
Nov ’24CA$10.66
CA$16.20
+52.0%
23.8%CA$21.32CA$12.01CA$13.063
Oct ’24CA$11.00
CA$18.03
+64.0%
16.5%CA$21.02CA$15.05CA$12.482
Sep ’24CA$12.00
CA$18.03
+50.3%
16.5%CA$21.02CA$15.05CA$13.402
Aug ’24CA$14.04
CA$20.99
+49.5%
19.0%CA$24.99CA$16.99CA$13.242
Jul ’24CA$13.91
CA$20.99
+50.9%
19.0%CA$24.99CA$16.99CA$13.392
Jun ’24CA$14.56
CA$20.99
+44.2%
19.0%CA$24.99CA$16.99CA$13.322
May ’24CA$14.67
CA$20.47
+39.5%
22.1%CA$24.99CA$15.95CA$13.252
Apr ’24CA$15.33
CA$20.47
+33.5%
22.1%CA$24.99CA$15.95CA$13.312
Mar ’24CA$15.28
CA$20.47
+34.0%
22.1%CA$24.99CA$15.95CA$12.772
Feb ’24CA$14.49
CA$19.45
+34.3%
28.2%CA$24.94CA$13.97CA$12.032
Jan ’24CA$13.77
CA$19.45
+41.3%
28.2%CA$24.94CA$13.97CA$11.822
Dec ’23CA$14.36
CA$19.45
+35.5%
28.2%CA$24.94CA$13.97CA$11.092

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/28
Annual Earnings2023/12/30

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 here.

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 .

Analyst Sources

High Liner Foods Incorporated is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Doug CooperBeacon Securities Limited
null nullBMO Capital Markets Equity Research
Nevan YochimBMO Capital Markets Equity Research