TSX:VFF

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Village Farms International

Executive Summary

Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. More Details


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

How has Village Farms International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VFF is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: VFF's weekly volatility (13%) has been stable over the past year.


Market Performance


7 Day Return

4.8%

VFF

4.4%

CA Food

-0.002%

CA Market


1 Year Return

51.5%

VFF

4.5%

CA Food

0.7%

CA Market

Return vs Industry: VFF exceeded the Canadian Food industry which returned 4.2% over the past year.

Return vs Market: VFF exceeded the Canadian Market which returned -0.8% over the past year.


Shareholder returns

VFFIndustryMarket
7 Day4.8%4.4%-0.002%
30 Day111.5%15.3%11.9%
90 Day74.0%9.9%5.7%
1 Year51.5%51.5%6.5%4.5%4.4%0.7%
3 Year112.6%112.6%-10.1%-14.9%12.7%1.7%
5 Year1,549.4%1,549.4%38.2%27.1%53.8%30.2%

Long-Term Price Volatility Vs. Market

How volatile is Village Farms International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Village Farms International 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: VFF (CA$13.03) is trading below our estimate of fair value (CA$111.05)

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


Price To Earnings Ratio

PE vs Industry: VFF is unprofitable, so we can't compare its PE Ratio to the CA Food industry average.

PE vs Market: VFF is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VFF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VFF is overvalued based on its PB Ratio (3.6x) compared to the CA Food industry average (2.3x).


Next Steps

Future Growth

How is Village Farms International forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

63.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VFF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: VFF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VFF's is expected to become profitable in the next 3 years.

Revenue vs Market: VFF's revenue (30.7% per year) is forecast to grow faster than the Canadian market (6.2% per year).

High Growth Revenue: VFF's revenue (30.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Village Farms International performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VFF is currently unprofitable.

Growing Profit Margin: VFF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VFF is unprofitable, and losses have increased over the past 5 years at a rate of 13.2% per year.

Accelerating Growth: Unable to compare VFF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VFF is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (46.4%).


Return on Equity

High ROE: VFF has a negative Return on Equity (-1.39%), as it is currently unprofitable.


Next Steps

Financial Health

How is Village Farms International's financial position?


Financial Position Analysis

Short Term Liabilities: VFF's short term assets ($93.4M) exceed its short term liabilities ($23.4M).

Long Term Liabilities: VFF's short term assets ($93.4M) exceed its long term liabilities ($33.9M).


Debt to Equity History and Analysis

Debt Level: VFF's debt to equity ratio (17.7%) is considered satisfactory.

Reducing Debt: VFF's debt to equity ratio has reduced from 82.5% to 17.7% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if VFF's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Village Farms International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VFF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VFF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VFF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VFF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VFF is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VFF's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

11.8yrs

Average management tenure


CEO

Mike DeGiglio (65 yo)

31.83yrs

Tenure

US$2,028,895

Compensation

Mr. Michael A. DeGiglio, also known as Mike, has been the President at Village Farms International, Inc. since October 18, 2006 and has been its Chief Executive Officer since its inception in 1989. Mr. DeG...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD2.03M) is above average for companies of similar size in the Canadian market ($USD1.34M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael DeGiglio
Founder31.83yrsUS$2.03m14.02%
$ 137.0m
Stephen Ruffini
CFO, Executive VP6.67yrsUS$1.77m1.23%
$ 12.1m
Bret Wiley
Senior Vice President of Produce Sales & Operationsno dataUS$293.63k0.037%
$ 358.1k
Lofton Barnes
Director of Corporate Human Resourcesno datano datano data
Michael Minerva
Senior Vice President of Grower Relations & Supply Developmentno dataUS$300.48kno data
Patti Smith
Corporate Controller2.83yrsno datano data

11.8yrs

Average Tenure

Experienced Management: VFF's management team is seasoned and experienced (11.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael DeGiglio
Founder31.83yrsUS$2.03m14.02%
$ 137.0m
Stephen Ruffini
CFO, Executive VP6.67yrsUS$1.77m1.23%
$ 12.1m
John McLernon
Independent Chairman14.83yrsUS$465.44k0.16%
$ 1.6m
Christopher Woodward
Independent Director17yrsUS$460.33k0.26%
$ 2.5m
John Henry
Independent Director14.08yrsUS$151.50k0.053%
$ 518.0k
David Holewinski
Independent Director9.42yrsUS$149.99k0.20%
$ 2.0m

14.1yrs

Average Tenure

68.5yo

Average Age

Experienced Board: VFF's board of directors are seasoned and experienced ( 14.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: VFF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.1%.


Top Shareholders

Company Information

Village Farms International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Village Farms International, Inc.
  • Ticker: VFF
  • Exchange: TSX
  • Founded: 1989
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CA$977.685m
  • Shares outstanding: 66.06m
  • Website: https://www.villagefarms.com

Number of Employees


Location

  • Village Farms International, Inc.
  • 4700-80th Street
  • Delta
  • British Columbia
  • V4K 3N3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VFFTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2003
VFFNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDDec 2003
02VDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2003

Biography

Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through three segm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:57
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.