My Food Bag Group Limited engages in online meal kit and pre-prepared ready to heat meal delivery business in New Zealand.
My Food Bag Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.21|
|52 Week High||NZ$1.19|
|52 Week Low||NZ$1.76|
|1 Month Change||-12.95%|
|3 Month Change||-7.63%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-30.46%|
Recent News & Updates
|MFB||NZ Online Retail||NZ Market|
Return vs Industry: Insufficient data to determine how MFB performed against the NZ Online Retail industry.
Return vs Market: Insufficient data to determine how MFB performed against the NZ Market.
Stable Share Price: MFB is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MFB's weekly volatility (4%) has been stable over the past year.
About the Company
My Food Bag Group Limited engages in online meal kit and pre-prepared ready to heat meal delivery business in New Zealand. It offers a range of meal kit bags under the My Food Bag, Bargain Box, Fresh Start, and MADE by My Food Bag brands. The company was formerly known as MFB Group Limited and changed its name My Food Bag Group Limited in January 2021.
My Food Bag Group Fundamentals Summary
|MFB fundamental statistics|
Is MFB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MFB income statement (TTM)|
|Cost of Revenue||NZ$141.91m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 19, 2021
|Earnings per share (EPS)||0.01|
|Net Profit Margin||1.28%|
How did MFB perform over the long term?See historical performance and comparison
Is My Food Bag Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MFB (NZ$1.21) is trading below our estimate of fair value (NZ$2.72)
Significantly Below Fair Value: MFB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MFB is poor value based on its PE Ratio (120.2x) compared to the Oceanic Online Retail industry average (115.9x).
PE vs Market: MFB is poor value based on its PE Ratio (120.2x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: MFB is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: MFB is good value based on its PB Ratio (5.4x) compared to the XO Online Retail industry average (6.5x).
How is My Food Bag Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFB's forecast earnings growth (44.2% per year) is above the savings rate (2.1%).
Earnings vs Market: MFB's earnings (44.2% per year) are forecast to grow faster than the NZ market (9.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MFB's revenue (3.4% per year) is forecast to grow slower than the NZ market (5.3% per year).
High Growth Revenue: MFB's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MFB's Return on Equity is forecast to be high in 3 years time (32.4%)
How has My Food Bag Group performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: MFB has high quality earnings.
Growing Profit Margin: MFB's current net profit margins (1.3%) are lower than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MFB's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: MFB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MFB had negative earnings growth (-70.1%) over the past year, making it difficult to compare to the Online Retail industry average (54%).
Return on Equity
High ROE: MFB's Return on Equity (4.5%) is considered low.
How is My Food Bag Group's financial position?
Financial Position Analysis
Short Term Liabilities: MFB's short term assets (NZ$4.3M) do not cover its short term liabilities (NZ$20.3M).
Long Term Liabilities: MFB's short term assets (NZ$4.3M) do not cover its long term liabilities (NZ$27.9M).
Debt to Equity History and Analysis
Debt Level: MFB's debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MFB's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MFB's debt is well covered by operating cash flow (150%).
Interest Coverage: MFB's interest payments on its debt are well covered by EBIT (14.7x coverage).
What is My Food Bag Group current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MFB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MFB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MFB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MFB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MFB's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Kevin Bowler is the Chief Executive Officer of My Food Bag Group Limited. He has been Chief Executive of My Food Bag Ltd since May 2018. Mr. Bowler was appointed New Zealand Chief Executive of Frucor S...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD374.63K) is below average for companies of similar size in the NZ market ($USD536.77K).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
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
Dilution of Shares: MFB only recently listed within the past 12 months.
My Food Bag Group Limited's employee growth, exchange listings and data sources
- Name: My Food Bag Group Limited
- Ticker: MFB
- Exchange: NZSE
- Founded: 2013
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: NZ$293.349m
- Shares outstanding: 242.44m
- Website: https://www.myfoodbag.co.nz
- My Food Bag Group Limited
- 56 Parnell Road
- Level 3
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 06:01|
|End of Day Share Price||2021/10/22 00:00|
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.