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BSFC

Blue Star Foods NasdaqCM:BSFC Stock Report

Last Price

US$1.48

Market Cap

US$29.8m

7D

35.8%

1Y

-76.5%

Updated

24 Jun, 2022

Data

Company Financials +
BSFC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

BSFC Stock Overview

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada.

Blue Star Foods Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Blue Star Foods
Historical stock prices
Current Share PriceUS$1.48
52 Week HighUS$8.00
52 Week LowUS$1.06
Beta1.64
1 Month Change10.45%
3 Month Change-31.48%
1 Year Change-76.47%
3 Year Changen/a
5 Year Changen/a
Change since IPO-26.73%

Recent News & Updates

Shareholder Returns

BSFCUS FoodUS Market
7D35.8%4.6%6.6%
1Y-76.5%-2.0%-18.5%

Return vs Industry: BSFC underperformed the US Food industry which returned -3.4% over the past year.

Return vs Market: BSFC underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is BSFC's price volatile compared to industry and market?
BSFC volatility
BSFC Average Weekly Movement11.2%
Food Industry Average Movement6.9%
Market Average Movement8.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: BSFC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BSFC's weekly volatility has decreased from 27% to 11% over the past year.

About the Company

FoundedEmployeesCEOWebsite
199521John Keelerhttps://www.bluestarfoods.com

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands.

Blue Star Foods Fundamentals Summary

How do Blue Star Foods's earnings and revenue compare to its market cap?
BSFC fundamental statistics
Market CapUS$29.80m
Earnings (TTM)-US$3.18m
Revenue (TTM)US$12.81m

2.9x

P/S Ratio

-11.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSFC income statement (TTM)
RevenueUS$12.81m
Cost of RevenueUS$10.63m
Gross ProfitUS$2.18m
Other ExpensesUS$5.36m
Earnings-US$3.18m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin17.00%
Net Profit Margin-24.83%
Debt/Equity Ratio84.9%

How did BSFC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BSFC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA-14.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BSFC's PS Ratio compare to its peers?

BSFC PS Ratio vs Peers
The above table shows the PS ratio for BSFC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average29.3x

Price-To-Sales vs Peers: BSFC is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (29.3x).


Price to Earnings Ratio vs Industry

How does BSFC's PE Ratio compare vs other companies in the U.S. Food Industry?

Price-To-Sales vs Industry: BSFC is expensive based on its Price-To-Sales Ratio (2.9x) compared to the US Food industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is BSFC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BSFC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: BSFC is good value based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (3x).


Share Price vs Fair Value

What is the Fair Price of BSFC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BSFC ($1.48) is trading below our estimate of fair value ($23.61)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Blue Star Foods forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


140.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSFC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

High Growth Earnings: BSFC is expected to become profitable in the next 3 years.

Revenue vs Market: BSFC's revenue (28.1% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: BSFC's revenue (28.1% 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 BSFC's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Blue Star Foods 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


-19.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BSFC is currently unprofitable.

Growing Profit Margin: BSFC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BSFC is unprofitable, and losses have increased over the past 5 years at a rate of 19.9% per year.

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

Earnings vs Industry: BSFC is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (13.1%).


Return on Equity

High ROE: BSFC has a negative Return on Equity (-32.72%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Blue Star Foods's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BSFC's short term assets ($13.5M) exceed its short term liabilities ($7.9M).

Long Term Liabilities: BSFC's short term assets ($13.5M) exceed its long term liabilities ($2.8M).


Debt to Equity History and Analysis

Debt Level: BSFC's net debt to equity ratio (54.3%) is considered high.

Reducing Debt: BSFC 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: BSFC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BSFC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Blue Star Foods's 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 BSFC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if BSFC'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 BSFC has not reported any payouts.


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Management

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

1.1yrs

Average management tenure


CEO

John Keeler (49 yo)

2.83yrs

Tenure

US$103,113

Compensation

Mr. John R. Keeler is a Founder and has been an Executive Chairman of Blue Star Foods Corp. since November 08, 2018 and also serves as its Chief Executive Officer since August 7, 2019. He also served as Se...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD103.11K) is below average for companies of similar size in the US market ($USD758.64K).

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


Leadership Team

Experienced Management: BSFC's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: BSFC's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.4%.


Top Shareholders

Company Information

Blue Star Foods Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Blue Star Foods Corp.
  • Ticker: BSFC
  • Exchange: NasdaqCM
  • Founded: 1995
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: US$29.797m
  • Shares outstanding: 25.04m
  • Website: https://www.bluestarfoods.com

Number of Employees


Location

  • Blue Star Foods Corp.
  • 3000 NW 109th Avenue
  • Miami
  • Florida
  • 33172
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.