Cal-Maine Foods, Inc.

NasdaqGS:CALM Stock Report

Market Cap: US$5.0b

Cal-Maine Foods Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: CALM ($101.14) is trading below our estimate of fair value ($129.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CALM. This is calculated by dividing CALM's market cap by their current earnings.
What is CALM's PE Ratio?
PE Ratio11.6x
EarningsUS$426.94m
Market CapUS$4.96b

Price to Earnings Ratio vs Peers

How does CALM's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
TWNK Hostess Brands
35x14.4%US$4.4b
LANC Lancaster Colony
30.5x9.9%US$4.8b
POST Post Holdings
18.2x7.7%US$6.7b
FLO Flowers Foods
17.9x6.5%US$4.3b
CALM Cal-Maine Foods
11.6x-44.9%US$5.0b

Price-To-Earnings vs Peers: CALM is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (22.2x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GCEH Global Clean Energy Holdings
0.6xn/aUS$80.29m
ORIS Oriental Rise Holdings
2.9xn/aUS$33.24m
SEED Origin Agritech
1.7xn/aUS$13.65m
IDBH.F Industrias Bachoco. de
0.02xn/aUS$9.65m
CALM 11.6xIndustry Avg. 20.0xNo. of Companies7PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CALM is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US Food industry average (20x).

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 Ratio11.6x
Fair PE Ratio7.6x

Price-To-Earnings vs Fair Ratio: CALM is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).

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 CALM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$101.14
US$86.00
-15.0%
4.7%US$90.00US$82.00n/a2
Dec ’25US$97.61
US$78.00
-20.1%
5.1%US$82.00US$74.00n/a2
Nov ’25US$87.11
US$78.00
-10.5%
5.1%US$82.00US$74.00n/a2
Sep ’25US$72.04
US$59.00
-18.1%
10.2%US$65.00US$53.00n/a2
Aug ’25US$72.15
US$59.00
-18.2%
10.2%US$65.00US$53.00n/a2
Jul ’25US$62.78
US$53.50
-14.8%
12.1%US$60.00US$47.00n/a2
Jun ’25US$61.67
US$57.33
-7.0%
13.2%US$65.00US$47.00n/a3
May ’25US$55.25
US$57.33
+3.8%
13.2%US$65.00US$47.00n/a3
Apr ’25US$58.55
US$57.33
-2.1%
13.2%US$65.00US$47.00n/a3
Mar ’25US$55.80
US$52.33
-6.2%
14.5%US$60.00US$42.00n/a3
Feb ’25US$56.10
US$52.33
-6.7%
14.5%US$60.00US$42.00n/a3
Jan ’25US$57.39
US$50.00
-12.9%
16.3%US$60.00US$40.00n/a3
Dec ’24US$49.26
US$46.00
-6.6%
13.4%US$54.00US$39.00US$97.613
Nov ’24US$47.82
US$46.00
-3.8%
13.4%US$54.00US$39.00US$87.113
Oct ’24US$48.42
US$47.00
-2.9%
12.2%US$54.00US$40.00US$76.843
Sep ’24US$47.70
US$47.00
-1.5%
12.2%US$54.00US$40.00US$72.043
Aug ’24US$45.66
US$47.00
+2.9%
10.5%US$54.00US$40.00US$72.154
Jul ’24US$45.00
US$48.50
+7.8%
8.3%US$54.00US$43.00US$62.784
Jun ’24US$47.05
US$54.50
+15.8%
12.7%US$60.00US$43.00US$61.674
May ’24US$46.78
US$54.50
+16.5%
12.7%US$60.00US$43.00US$55.254
Apr ’24US$60.89
US$56.25
-7.6%
15.6%US$67.00US$43.00US$58.554
Mar ’24US$57.04
US$55.50
-2.7%
17.9%US$67.00US$40.00US$55.804
Feb ’24US$57.17
US$55.50
-2.9%
17.9%US$67.00US$40.00US$56.104
Jan ’24US$54.45
US$55.50
+1.9%
17.9%US$67.00US$40.00US$57.394
Dec ’23US$58.13
US$54.50
-6.2%
21.1%US$67.00US$36.00US$49.264

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 05:52
End of Day Share Price 2024/12/27 00:00
Earnings2024/08/31
Annual Earnings2024/06/01

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

Cal-Maine Foods, Inc. is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter GalboBofA Global Research
Craig BibbCJS Securities, Inc.
Alex JarombekConsumer Edge Research, LLC