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CALM

Cal-Maine Foods NasdaqGS:CALM Stock Report

Last Price

US$50.15

Market Cap

US$2.5b

7D

-1.6%

1Y

40.3%

Updated

04 Jul, 2022

Data

Company Financials +
CALM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

CALM Stock Overview

Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs.

Cal-Maine Foods Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cal-Maine Foods
Historical stock prices
Current Share PriceUS$50.15
52 Week HighUS$59.95
52 Week LowUS$33.85
Beta-0.12
1 Month Change6.61%
3 Month Change-12.59%
1 Year Change40.32%
3 Year Change19.55%
5 Year Change37.96%
Change since IPO-33.13%

Recent News & Updates

Jun 26

Cal-Maine Foods' Future Is Uncertain Amid An Inflationary Egg Environment

Cal-Maine Foods is caught in a tight spot between rising labor costs and soaring egg producer prices. CALM's valuation is near fair value while its dividend policy suggests profitability is difficult right now. The technical chart is trendless over the long term, but there's a near-term bullish swing opportunity for tactical traders.

Apr 04

Cal-Maine Foods: Far From Egg-Cellent

Cal-Maine Foods is finally showing some promise, fundamentally, after experiencing years of declining sales, profits, and cash flows. The company also has a low risk profile due to the virtual absence of debt and its surplus cash. Even so, shares look drastically overpriced at this point in time and it's difficult to see a scenario where shares might warrant upside.

Shareholder Returns

CALMUS FoodUS Market
7D-1.6%0.5%-2.2%
1Y40.3%-0.09%-19.1%

Return vs Industry: CALM exceeded the US Food industry which returned -0.1% over the past year.

Return vs Market: CALM exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is CALM's price volatile compared to industry and market?
CALM volatility
CALM Average Weekly Movement4.8%
Food Industry Average Movement6.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: CALM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CALM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19573,219Dolph Bakerhttps://www.calmainefoods.com

Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land’s Best, Land O’ Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels. It sells its products to various customers, including national and regional grocery store chains, club stores, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.

Cal-Maine Foods Fundamentals Summary

How do Cal-Maine Foods's earnings and revenue compare to its market cap?
CALM fundamental statistics
Market CapUS$2.45b
Earnings (TTM)US$18.42m
Revenue (TTM)US$1.53b

133.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CALM income statement (TTM)
RevenueUS$1.53b
Cost of RevenueUS$1.35b
Gross ProfitUS$180.10m
Other ExpensesUS$161.68m
EarningsUS$18.42m

Last Reported Earnings

Feb 26, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin11.74%
Net Profit Margin1.20%
Debt/Equity Ratio0%

How did CALM perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 CALM?

Other financial metrics that can be useful for relative valuation.

CALM 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/Revenue1.5x
Enterprise Value/EBITDA46.5x
PEG Ratio-6x

Price to Earnings Ratio vs Peers

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

CALM PE Ratio vs Peers
The above table shows the PE ratio for CALM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.4x
TR Tootsie Roll Industries
37xn/aUS$2.4b
JJSF J&J Snack Foods
43.6x36.7%US$2.7b
UTZ Utz Brands
46.7x-7.1%US$2.0b
HAIN Hain Celestial Group
18.4x17.7%US$2.1b
CALM Cal-Maine Foods
133.2x-22.4%US$2.5b

Price-To-Earnings vs Peers: CALM is expensive based on its Price-To-Earnings Ratio (133.2x) compared to the peer average (36.4x).


Price to Earnings Ratio vs Industry

How does CALM's PE Ratio compare vs other companies in the US Food Industry?

Price-To-Earnings vs Industry: CALM is expensive based on its Price-To-Earnings Ratio (133.2x) compared to the US Food industry average (17.7x)


Price to Earnings Ratio vs Fair Ratio

What is CALM'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.

CALM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio133.2x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: CALM is expensive based on its Price-To-Earnings Ratio (133.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).


Share Price vs Fair Value

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

Below Fair Value: CALM ($50.15) is trading above our estimate of fair value ($29.05)

Significantly Below Fair Value: CALM is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: CALM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Cal-Maine Foods forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-22.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CALM's earnings are forecast to decline over the next 3 years (-22.4% per year).

Earnings vs Market: CALM's earnings are forecast to decline over the next 3 years (-22.4% per year).

High Growth Earnings: CALM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CALM's revenue (5.8% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: CALM's revenue (5.8% 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 CALM's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Cal-Maine Foods performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CALM has a large one-off gain of $3.3M impacting its February 26 2022 financial results.

Growing Profit Margin: CALM's current net profit margins (1.2%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: CALM has become profitable over the past 5 years, growing earnings by 5.8% per year.

Accelerating Growth: CALM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CALM had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Food industry average (15.2%).


Return on Equity

High ROE: CALM's Return on Equity (1.8%) is considered low.


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Financial Health

How is Cal-Maine Foods's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CALM's short term assets ($522.7M) exceed its short term liabilities ($121.4M).

Long Term Liabilities: CALM's short term assets ($522.7M) exceed its long term liabilities ($130.4M).


Debt to Equity History and Analysis

Debt Level: CALM is debt free.

Reducing Debt: CALM has no debt compared to 5 years ago when its debt to equity ratio was 2.6%.

Debt Coverage: CALM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CALM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Cal-Maine Foods's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CALM's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: CALM's dividend (1%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: CALM's dividend payments have been volatile in the past 10 years.

Growing Dividend: CALM's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.1%), CALM's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CALM is paying a dividend but the company has no free cash flows.


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Management

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

10.6yrs

Average management tenure


CEO

Dolph Baker (65 yo)

11.75yrs

Tenure

US$1,174,401

Compensation

Mr. Adolphus B. Baker, also known as Dolph, has been the Chief Executive Officer of Cal-Maine Foods, Inc. since October 2010 and served as its President from January 1997 till April 07, 2018. Mr. Baker is...


CEO Compensation Analysis

Compensation vs Market: Dolph's total compensation ($USD1.17M) is below average for companies of similar size in the US market ($USD6.90M).

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


Leadership Team

Experienced Management: CALM's management team is seasoned and experienced (10.6 years average tenure).


Board Members

Experienced Board: CALM's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CALM insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cal-Maine Foods, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cal-Maine Foods, Inc.
  • Ticker: CALM
  • Exchange: NasdaqGS
  • Founded: 1957
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: US$2.454b
  • Shares outstanding: 48.94m
  • Website: https://www.calmainefoods.com

Number of Employees


Location

  • Cal-Maine Foods, Inc.
  • 1052 Highland Colony Parkway
  • Suite 200
  • Ridgeland
  • Mississippi
  • 39157
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/02/26
Annual Earnings2021/05/29


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.