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MFB

My Food Bag GroupNZSE:MFB Stock Report

Market Cap

NZ$293.3m

7D

-2.4%

1Y

n/a

Updated

25 Oct, 2021

Data

Company Financials +
MFB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends0/6

MFB Overview

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

HelloFresh

XTRA:HFG

€13.7b

Price History & Performance

Summary of all time highs, changes and price drops for My Food Bag Group
Historical stock prices
Current Share PriceNZ$1.21
52 Week HighNZ$1.19
52 Week LowNZ$1.76
Beta0
1 Month Change-12.95%
3 Month Change-7.63%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-30.46%

Recent News & Updates

Shareholder Returns

MFBNZ Online RetailNZ Market
7D-2.4%0.8%0.4%
1Yn/a-24.1%2.1%

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.

Price Volatility

Is MFB's price volatile compared to industry and market?
MFB volatility
MFB Beta0
Industry Beta1.05
Market Beta1

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

FoundedEmployeesCEOWebsite
2013n/aKevin Bowlerhttps://www.myfoodbag.co.nz

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

How do My Food Bag Group's earnings and revenue compare to its market cap?
MFB fundamental statistics
Market CapNZ$293.35m
Earnings (TTM)NZ$2.44m
Revenue (TTM)NZ$190.71m

120.2x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MFB income statement (TTM)
RevenueNZ$190.71m
Cost of RevenueNZ$141.91m
Gross ProfitNZ$48.80m
ExpensesNZ$46.36m
EarningsNZ$2.44m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 19, 2021

Earnings per share (EPS)0.01
Gross Margin25.59%
Net Profit Margin1.28%
Debt/Equity Ratio29.6%

How did MFB perform over the long term?

See historical performance and comparison

Valuation

Is My Food Bag Group 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: 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).


Future Growth

How is My Food Bag Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

44.2%

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%)


Past Performance

How has My Food Bag Group performed over the past 5 years?

-70.1%

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.


Financial Health

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).


Balance Sheet


Dividend

What is My Food Bag Group current dividend yield, its reliability and sustainability?

6.39%

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.


Next Steps

Management

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

NZ$525k

CEO Compensation


CEO

Kevin Bowler

no data

Tenure

NZ$524,785

Compensation

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.


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: MFB only recently listed within the past 12 months.


Top Shareholders

Company Information

My Food Bag Group Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • My Food Bag Group Limited
  • 56 Parnell Road
  • Level 3
  • Auckland
  • 1052
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 06:01
End of Day Share Price2021/10/22 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.