Cal-Maine Foods Inc.
Find Ratings ReportsCAL-MAINE FOODS INC's gross profit margin for the second quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, but still managed to outperform when compared to the average company in its subsector. CAL-MAINE FOODS INC is extremely liquid. Currently, the Quick Ratio is 4.99 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 23.12% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q2 FY23 | Q2 FY22 |
---|---|---|
Net Sales ($mil) | 523.23 | 801.7 |
EBITDA ($mil) | 54.25 | 277.31 |
EBIT ($mil) | 34.2 | 259.9 |
Net Income ($mil) | 17.01 | 198.59 |
Balance Sheet | Q2 FY23 | Q2 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 567.83 | 379.35 |
Total Assets ($mil) | 1966.81 | 1763.44 |
Total Debt ($mil) | 0.0 | 0.0 |
Equity ($mil) | 1626.41 | 1320.96 |
Profitability | Q2 FY23 | Q2 FY22 |
---|---|---|
Gross Profit Margin | 21.25 | 41.82 |
EBITDA Margin | 10.36 | 34.59 |
Operating Margin | 6.54 | 32.42 |
Sales Turnover | 1.36 | 1.43 |
Return on Assets | 22.98 | 26.84 |
Return on Equity | 27.8 | 35.84 |
Debt | Q2 FY23 | Q2 FY22 |
---|---|---|
Current Ratio | 6.92 | 3.18 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.13 | 0.14 |
Interest Coverage | 255.22 | 1817.46 |
Share Data | Q2 FY23 | Q2 FY22 |
---|---|---|
Shares outstanding (mil) | 48.98 | 48.94 |
Div / share | 0.01 | 0.85 |
EPS | 0.35 | 4.07 |
Book value / share | 33.2 | 26.99 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 585044.0 | 880767.0 |
BUY. The current P/E ratio indicates that it is valued on par with the average of 6.41 for the Animal Production and Aquaculture subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.79 indicates a significant discount versus the S&P 500 average of 4.68 and valuation on par with the subsector average of 1.79. The price-to-sales ratio is significantly below the S&P 500 average, but it is similar to the subsector average, indicating a discount. The valuation analysis reveals that, CAL-MAINE FOODS INC appears to be valued on par with the investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CALM 6.41 | Peers 6.41 | CALM 4.92 | Peers 4.92 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. CALM is trading at a valuation on par with its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CALM is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CALM 29.26 | Peers 29.26 | CALM NM | Peers 0.00 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CALM is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CALM's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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CALM 1.79 | Peers 1.79 | CALM -4.54 | Peers -4.54 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CALM is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CALM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CALM 1.09 | Peers 1.09 | CALM 5.46 | Peers 5.46 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CALM is trading at a valuation on par with its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. CALM is keeping pace with its peers on the basis of sales growth. |
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