Maple Leaf Foods Inc. (MFI.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-115.4%

-CA$4.23

vs CA$27.54 price

Levered DCF

-CA$6.53

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.48

Grey zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	5.72×	25.75×	-24.5×	-9.7×	35.25×	30.67×	43.13×	33.74×
P/B	2.34×	1.63×	2.03×	1.82×	1.77×	1.8×	1.64×	1.7×
P/S	0.79×	0.51×	0.63×	0.64×	0.8×	0.81×	0.81×	0.98×
EV / EBITDA	9.65×	7.49×	18.29×	-353.24×	13.07×	11.25×	13.24×	13.63×
Gross margin	17.0%	15.9%	9.3%	8.9%	14.6%	16.3%	15.0%	15.8%
Operating margin	6.9%	7.0%	1.0%	-0.2%	4.2%	4.5%	3.4%	5.6%
Net margin	13.8%	2.0%	-2.6%	-6.6%	2.3%	2.6%	1.9%	2.9%
Current ratio	1.29×	1.23×	1.17×	1.65×	1.4×	1.32×	1.63×	1.51×
Debt / equity	0.93×	1.22×	1.41×	1.14×	0.7×	0.51×	0.4×	0.22×
Interest coverage	2.82×	2.11×	0.31×	-0.14×	8.4×	6.16×	4.29×	19.46×
Dividend yield	5.7%	3.5%	3.0%	3.3%	2.5%	2.3%	2.2%	1.9%
Payout ratio	32.8%	89.7%	-74.0%	-31.8%	86.6%	69.7%	96.2%	64.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	41.0%	6.3%	-8.3%	-18.8%	5.1%	5.9%	3.8%	5.1%
Return on invested capital	3.9%	6.2%	1.0%	-0.2%	3.5%	4.2%	3.8%	5.1%
Return on assets	15.3%	2.2%	-2.7%	-7.0%	2.3%	2.9%	2.1%	3.2%
Free cash flow yield	10.0%	18.6%	-0.7%	-10.1%	-7.6%	-3.2%	-0.0%	3.5%
Earnings yield	17.5%	3.9%	-4.1%	-10.3%	2.8%	3.3%	2.3%	3.0%
Enterprise value	CA$4.2B	CA$4.2B	CA$5B	CA$4.8B	CA$4.9B	CA$4.4B	CA$3.9B	CA$3.8B
Net debt / EBITDA	2.51×	3.04×	7.05×	-131.96×	3.39×	2.28×	2.34×	1.31×
Cash conversion cycle (days)	15	30	32	33	18	19	24	28