We’ve recently updated our valuation analysis.

Maple Leaf Foods Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MFI 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/Revenue1x
Enterprise Value/EBITDA28.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MFI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x
PBH Premium Brands Holdings
0.6x6.1%CA$3.7b
LAS.A Lassonde Industries
0.3x6.3%CA$721.2m
SAP Saputo
0.9x1.8%CA$14.4b
RSI Rogers Sugar
0.6x2.0%CA$612.7m
MFI Maple Leaf Foods
0.6x4.1%CA$2.9b

Price-To-Sales vs Peers: MFI is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does MFI's PE Ratio compare vs other companies in the CA Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.7%
n/an/an/a

Price-To-Sales vs Industry: MFI is good value based on its Price-To-Sales Ratio (0.6x) compared to the Canadian Food industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is MFI'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.

MFI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: MFI is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


Share Price vs Fair Value

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

Below Fair Value: MFI (CA$23.58) is trading below our estimate of fair value (CA$189.75)

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


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 MFI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$23.58
CA$32.17
+36.4%
13.2%CA$39.00CA$26.00n/a6
Dec ’23CA$25.17
CA$32.17
+27.8%
13.2%CA$39.00CA$26.00n/a6
Nov ’23CA$20.56
CA$32.17
+56.5%
13.2%CA$39.00CA$26.00n/a6
Oct ’23CA$20.64
CA$35.00
+69.6%
6.8%CA$39.00CA$31.00n/a6
Sep ’23CA$23.07
CA$35.00
+51.7%
6.8%CA$39.00CA$31.00n/a6
Aug ’23CA$27.17
CA$40.00
+47.2%
8.0%CA$45.00CA$36.00n/a6
Jul ’23CA$25.31
CA$40.33
+59.4%
8.2%CA$45.00CA$36.00n/a6
Jun ’23CA$27.62
CA$40.33
+46.0%
8.2%CA$45.00CA$36.00n/a6
May ’23CA$28.29
CA$40.50
+43.2%
8.4%CA$45.00CA$36.00n/a6
Apr ’23CA$30.22
CA$40.67
+34.6%
8.6%CA$45.00CA$36.00n/a6
Mar ’23CA$26.75
CA$40.67
+52.0%
8.6%CA$45.00CA$36.00n/a6
Feb ’23CA$30.93
CA$42.17
+36.3%
8.9%CA$46.00CA$36.00n/a6
Jan ’23CA$29.26
CA$41.50
+41.8%
8.1%CA$45.00CA$36.00n/a6
Dec ’22CA$28.19
CA$41.50
+47.2%
8.1%CA$45.00CA$36.00CA$25.176
Nov ’22CA$27.27
CA$37.00
+35.7%
14.3%CA$45.00CA$27.00CA$20.566
Oct ’22CA$25.66
CA$36.00
+40.3%
15.2%CA$45.00CA$27.00CA$20.647
Sep ’22CA$27.69
CA$36.00
+30.0%
15.2%CA$45.00CA$27.00CA$23.077
Aug ’22CA$24.71
CA$35.50
+43.7%
15.1%CA$45.00CA$27.00CA$27.177
Jul ’22CA$25.73
CA$35.93
+39.6%
14.5%CA$45.00CA$28.00CA$25.317
Jun ’22CA$26.53
CA$35.93
+35.4%
14.5%CA$45.00CA$28.00CA$27.627
May ’22CA$28.37
CA$35.06
+23.6%
16.3%CA$45.00CA$27.00CA$28.298
Apr ’22CA$28.15
CA$35.19
+25.0%
15.8%CA$45.00CA$27.00CA$30.228
Mar ’22CA$26.13
CA$35.19
+34.7%
15.8%CA$45.00CA$27.00CA$26.758
Feb ’22CA$25.35
CA$34.38
+35.6%
15.9%CA$45.00CA$27.00CA$30.938
Jan ’22CA$28.22
CA$34.38
+21.8%
15.9%CA$45.00CA$27.00CA$29.268
Dec ’21CA$26.49
CA$34.38
+29.8%
15.9%CA$45.00CA$27.00CA$28.198

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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