company background image
FOOD

Goodfood Market TSX:FOOD Stock Report

Last Price

CA$1.80

Market Cap

CA$135.2m

7D

4.0%

1Y

-75.0%

Updated

23 May, 2022

Data

Company Financials +
FOOD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health5/6
Dividends0/6

FOOD Stock Overview

Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada.

Goodfood Market Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Goodfood Market
Historical stock prices
Current Share PriceCA$1.80
52 Week HighCA$10.89
52 Week LowCA$1.60
Beta0.24
1 Month Change-22.75%
3 Month Change-36.84%
1 Year Change-74.97%
3 Year Change-34.54%
5 Year Changen/a
Change since IPO-23.73%

Recent News & Updates

Feb 24
Goodfood Market (TSE:FOOD) Has Debt But No Earnings; Should You Worry?

Goodfood Market (TSE:FOOD) Has Debt But No Earnings; Should You Worry?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

FOODCA Online RetailCA Market
7D4.0%0.8%0.2%
1Y-75.0%-48.7%4.8%

Return vs Industry: FOOD underperformed the Canadian Online Retail industry which returned -48.7% over the past year.

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

Price Volatility

Is FOOD's price volatile compared to industry and market?
FOOD volatility
FOOD Average Weekly Movement10.5%
Online Retail Industry Average Movement13.9%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.0%
10% least volatile stocks in CA Market4.3%

Stable Share Price: FOOD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: FOOD's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a3,200Jonathan Ferrarihttps://www.makegoodfood.ca

Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada. The company offers ready-to-eat products, which include bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, frozen and kitchen essentials. It also offers Yumm, a value meal kit for cost-focused customers.

Goodfood Market Fundamentals Summary

How do Goodfood Market's earnings and revenue compare to its market cap?
FOOD fundamental statistics
Market CapCA$135.24m
Earnings (TTM)-CA$66.71m
Revenue (TTM)CA$338.35m

0.4x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FOOD income statement (TTM)
RevenueCA$338.35m
Cost of RevenueCA$244.42m
Gross ProfitCA$93.93m
Other ExpensesCA$160.64m
Earnings-CA$66.71m

Last Reported Earnings

Mar 05, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.89
Gross Margin27.76%
Net Profit Margin-19.72%
Debt/Equity Ratio98.7%

How did FOOD perform over the long term?

See historical performance and comparison

Valuation

Is Goodfood Market undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


2.07x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FOOD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FOOD's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: FOOD is unprofitable, so we can't compare its PE Ratio to the North American Online Retail industry average.

PE vs Market: FOOD 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 FOOD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FOOD is overvalued based on its PB Ratio (2.1x) compared to the CA Online Retail industry average (1.3x).


Future Growth

How is Goodfood Market forecast to perform in the next 1 to 3 years based on estimates from 9 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


29.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOOD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FOOD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FOOD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FOOD's revenue (13.3% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: FOOD's revenue (13.3% 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 FOOD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Goodfood Market performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-34.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FOOD is currently unprofitable.

Growing Profit Margin: FOOD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FOOD is unprofitable, and losses have increased over the past 5 years at a rate of 34.4% per year.

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

Earnings vs Industry: FOOD is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (-8.3%).


Return on Equity

High ROE: FOOD has a negative Return on Equity (-102.25%), as it is currently unprofitable.


Financial Health

How is Goodfood Market's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FOOD's short term assets (CA$122.7M) exceed its short term liabilities (CA$59.5M).

Long Term Liabilities: FOOD's short term assets (CA$122.7M) do not cover its long term liabilities (CA$130.9M).


Debt to Equity History and Analysis

Debt Level: FOOD has more cash than its total debt.

Reducing Debt: FOOD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FOOD has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FOOD has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 62.7% each year.


Dividend

What is Goodfood Market current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate FOOD'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 FOOD's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FOOD has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Jonathan Ferrari (32 yo)

7.5yrs

Tenure

CA$1,516,950

Compensation

Mr. Jonathan Ferrari is the Co-Founder of Goodfood Market Corp. and has been its Chief Executive Officer since November 2014 and serves as its Chairman. Mr. Ferrari Co-Founded MTL Capital LLC in 2013 and s...


CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD1.19M) is above average for companies of similar size in the Canadian market ($USD168.83K).

Compensation vs Earnings: Jonathan's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: FOOD's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: FOOD's board of directors are considered experienced (5.8 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 been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

Goodfood Market Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Goodfood Market Corp.
  • Ticker: FOOD
  • Exchange: TSX
  • Founded: NaN
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: CA$135.237m
  • Shares outstanding: 75.13m
  • Website: https://www.makegoodfood.ca

Number of Employees


Location

  • Goodfood Market Corp.
  • 4600 Hickmore Street
  • Saint-Laurent
  • Quebec
  • H4T 1K2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/05
Annual Earnings2021/08/31


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.