Maple Leaf Foods
Market Cap
CA$3.1b
Last Updated
2020/06/05 02:42 UTC
Data Sources
Company Financials +
Executive Summary
Maple Leaf Foods Inc. operates as a consumer protein company.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with moderate growth potential.
Similar Companies
Share Price & News
How has Maple Leaf Foods's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.1%
MFI
-0.8%
CA Food
4.1%
CA Market
1 Year Return
-16.7%
MFI
-15.4%
CA Food
-8.6%
CA Market
Return vs Industry: MFI exceeded the Canadian Food industry which returned -18.2% over the past year.
Return vs Market: MFI underperformed the Canadian Market which returned -10.3% over the past year.
Shareholder returns
| MFI | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | -0.8% | 4.1% |
| 30 Day | 2.1% | 2.7% | 7.9% |
| 90 Day | 11.0% | -2.1% | -3.4% |
| 1 Year | -15.2%-16.7% | -13.8%-15.4% | -5.5%-8.6% |
| 3 Year | -21.4%-25.4% | -20.3%-24.4% | 3.6%-6.1% |
| 5 Year | 16.4%7.7% | 16.5%7.0% | 21.4%3.5% |
Price Volatility Vs. Market
How volatile is Maple Leaf Foods's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Despite Its High P/E Ratio, Is Maple Leaf Foods Inc. (TSE:MFI) Still Undervalued?2 months ago | Simply Wall St
Maple Leaf Foods Inc. (TSE:MFI): What Does Its Beta Value Mean For Your Portfolio?3 months ago | Simply Wall St
Is Maple Leaf Foods Inc.'s (TSE:MFI) CEO Pay Fair?Valuation
Is Maple Leaf Foods undervalued compared to its fair value and its price relative to the market?
151.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MFI (CA$25.67) is trading above our estimate of fair value (CA$13.85)
Significantly Below Fair Value: MFI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MFI is poor value based on its PE Ratio (152.3x) compared to the Food industry average (17x).
PE vs Market: MFI is poor value based on its PE Ratio (152.3x) compared to the Canadian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: MFI is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: MFI is overvalued based on its PB Ratio (1.6x) compared to the CA Food industry average (1.5x).
Next Steps
Future Growth
How is Maple Leaf Foods forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
51.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFI's forecast earnings growth (51.7% per year) is above the savings rate (1.7%).
Earnings vs Market: MFI's earnings (51.7% per year) are forecast to grow faster than the Canadian market (23.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MFI's revenue (4.5% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: MFI's revenue (4.5% 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 MFI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Maple Leaf Foods performed over the past 5 years?
15.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFI has a large one-off loss of CA$4.5M impacting its March 31 2020 financial results.
Growing Profit Margin: MFI's current net profit margins (0.5%) are lower than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: MFI has become profitable over the past 5 years, growing earnings by 15.4% per year.
Accelerating Growth: MFI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MFI had negative earnings growth (-83.1%) over the past year, making it difficult to compare to the Food industry average (-8.9%).
Return on Equity
High ROE: MFI's Return on Equity (1.1%) is considered low.
Next Steps
Financial Health
How is Maple Leaf Foods's financial position?
Financial Position Analysis
Short Term Liabilities: MFI's short term assets (CA$919.9M) exceed its short term liabilities (CA$520.3M).
Long Term Liabilities: MFI's short term assets (CA$919.9M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: MFI's debt to equity ratio (39%) is considered satisfactory.
Reducing Debt: MFI's debt to equity ratio has increased from 1.3% to 39% over the past 5 years.
Debt Coverage: MFI's debt is well covered by operating cash flow (27.5%).
Interest Coverage: MFI's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Maple Leaf Foods's current dividend yield, its reliability and sustainability?
2.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MFI's dividend (2.49%) is higher than the bottom 25% of dividend payers in the Canadian market (1.96%).
High Dividend: MFI's dividend (2.49%) is low compared to the top 25% of dividend payers in the Canadian market (6.25%).
Stability and Growth of Payments
Stable Dividend: MFI's dividends per share have been stable in the past 10 years.
Growing Dividend: MFI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (353%), MFI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MFI's dividends in 3 years are forecast to be covered by earnings (53.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Michael McCain (60yo)
21.42yrs
Tenure
CA$6,851,743
Compensation
Mr. Michael H. McCain, O.C., B.B.A., has been the Chief Executive Officer of Maple Leaf Foods Inc., since January 1, 1999 and has been its President since April 1995. Mr. McCain served as the Chief Operati ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD5.08M) is above average for companies of similar size in the Canadian market ($USD2.12M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.42yrs | CA$6.85m | 39.43% CA$1.2b | |
| President & COO | no data | CA$1.90m | 0.024% CA$756.3k | |
| Senior VP | no data | CA$1.88m | 0.0023% CA$73.2k | |
| Chief Food Safety & Sustainability Officer | 11.42yrs | CA$1.30m | 0.045% CA$1.4m | |
| Chief Financial Officer | 0.42yr | no data | 0.0017% CA$53.8k | |
| Chief Information Officer | 5.33yrs | no data | 0.013% CA$417.4k | |
| Vice President of Investor Relations | 1.75yrs | no data | no data | |
| Senior Vice-President of Marketing & Innovation | 0.75yr | no data | no data | |
| Senior Vice President of Strategy & Corporate Development | 1.42yrs | no data | 0.0012% CA$38.7k | |
| Senior Vice President of People | 6.83yrs | no data | 0.013% CA$421.8k |
3.5yrs
Average Tenure
Experienced Management: MFI's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.42yrs | CA$6.85m | 39.43% CA$1.2b | |
| Independent Corporate Director | 5.17yrs | CA$186.50k | 0.0068% CA$214.7k | |
| Independent Chairman of the Board | 1.08yrs | CA$299.70k | 0.019% CA$591.6k | |
| Independent Director | 5.67yrs | CA$192.00k | no data | |
| Independent Corporate Director | 4.08yrs | CA$179.00k | 0.061% CA$1.9m | |
| Independent Corporate Director | 4.08yrs | CA$192.00k | 0.019% CA$597.2k | |
| Independent Director | 0.17yr | no data | no data | |
| Independent Director | 6.08yrs | CA$197.00k | 0.015% CA$474.3k | |
| Independent Director | 2.08yrs | CA$179.00k | 0.0081% CA$256.2k | |
| Director | 2.08yrs | CA$177.00k | no data |
4.1yrs
Average Tenure
60.5yo
Average Age
Experienced Board: MFI's board of directors are considered experienced (4.1 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
Maple Leaf Foods Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Maple Leaf Foods Inc.
- Ticker: MFI
- Exchange: TSX
- Founded:
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: CA$3.143b
- Shares outstanding: 122.93m
- Website: https://www.mapleleaffoods.com
Number of Employees
Location
- Maple Leaf Foods Inc.
- 6985 Financial Drive
- Mississauga
- Ontario
- L5N 0A1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MFI | TSX (The Toronto Stock Exchange) | Yes | Voting Common Shares | CA | CAD | Apr 1995 |
| M1L | DB (Deutsche Boerse AG) | Yes | Voting Common Shares | DE | EUR | Apr 1995 |
| MLFN.F | OTCPK (Pink Sheets LLC) | Yes | Voting Common Shares | US | USD | Apr 1995 |
| 0V5G | LSE (London Stock Exchange) | Yes | Voting Common Shares | GB | CAD | Apr 1995 |
Biography
Maple Leaf Foods Inc. operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, Field Roast Grain Meat Co., and Swift. It primarily markets its products in Canada, the United States, and Asia. The company is headquartered in Mississauga, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 02:42 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.