Maple Leaf Foods Valuation

Is M1L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 M1L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: M1L (€13.5) is trading below our estimate of fair value (€65.15)

Significantly Below Fair Value: M1L is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for M1L?

Key metric: As M1L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for M1L. This is calculated by dividing M1L's market cap by their current earnings.
What is M1L's PE Ratio?
PE Ratio74.3x
EarningsCA$33.74m
Market CapCA$2.51b

Price to Earnings Ratio vs Peers

How does M1L's PE Ratio compare to its peers?

The above table shows the PE ratio for M1L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
SZU Südzucker
6.2x-10.2%€2.1b
SSH Südwestdeutsche Salzwerke
14.4xn/a€572.7m
NLM FRoSTA
11.9xn/a€398.5m
SMB Schwälbchen Molkerei Jakob Berz
7xn/a€58.4m
M1L Maple Leaf Foods
74.3xn/a€2.5b

Price-To-Earnings vs Peers: M1L is expensive based on its Price-To-Earnings Ratio (74.3x) compared to the peer average (9.9x).


Price to Earnings Ratio vs Industry

How does M1L's PE Ratio compare vs other companies in the European Food Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
M1L 74.3xIndustry Avg. 13.5xNo. of Companies21PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: M1L is expensive based on its Price-To-Earnings Ratio (74.3x) compared to the European Food industry average (13.7x).


Price to Earnings Ratio vs Fair Ratio

What is M1L'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.

M1L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio74.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate M1L'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 M1L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.50
€20.22
+49.8%
8.6%€23.07€17.64n/a5
Dec ’25€15.60
€20.22
+29.6%
8.6%€23.07€17.64n/a5
Nov ’25€13.80
€20.29
+47.0%
7.9%€23.36€18.69n/a5
Oct ’25€14.70
€20.28
+37.9%
7.9%€23.35€18.68n/a5
Sep ’25€14.90
€20.28
+36.1%
7.9%€23.35€18.68n/a5
Aug ’25€16.80
€21.02
+25.1%
8.4%€24.41€19.66n/a5
Jul ’25€15.50
€20.13
+29.9%
3.0%€20.92€19.57n/a6
Jun ’25€15.30
€20.13
+31.6%
3.0%€20.92€19.57n/a6
May ’25€16.70
€20.90
+25.1%
5.3%€22.95€19.87n/a7
Apr ’25€15.50
€20.98
+35.4%
5.3%€22.86€19.79n/a6
Mar ’25€15.70
€20.98
+33.6%
5.3%€22.86€19.79n/a6
Feb ’25€17.60
€24.13
+37.1%
8.7%€27.38€21.22n/a6
Jan ’25€16.90
€23.77
+40.7%
8.4%€27.17€21.06n/a6
Dec ’24€16.30
€23.77
+45.8%
8.4%€27.17€21.06€15.606
Nov ’24€18.70
€25.29
+35.2%
6.0%€27.34€22.55€13.806
Oct ’24€17.90
€25.29
+41.3%
6.0%€27.34€22.55€14.706
Sep ’24€19.80
€25.28
+27.7%
5.2%€27.21€23.13€14.906
Aug ’24€18.80
€22.71
+20.8%
11.7%€26.77€18.53€16.806
Jul ’24€17.80
€22.53
+26.6%
11.7%€26.63€18.43€15.506
Jun ’24€17.20
€22.53
+31.0%
11.7%€26.63€18.43€15.306
May ’24€18.20
€21.76
+19.5%
13.6%€26.24€18.17€16.706
Apr ’24€17.50
€21.64
+23.6%
14.7%€26.65€17.76€15.506
Mar ’24€19.10
€22.50
+17.8%
13.0%€27.14€18.09€15.706
Feb ’24€17.40
€22.16
+27.4%
13.2%€26.87€17.91€17.606
Jan ’24€16.70
€23.74
+42.2%
13.2%€28.79€19.19€16.906
Dec ’23€18.10
€23.74
+31.2%
13.2%€28.79€19.19€16.306

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:54
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Maple Leaf Foods Inc. is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Donald McLeeBerenberg
Kenneth ZaslowBMO Capital Markets Equity Research
Peter SklarBMO Capital Markets Equity Research