MTY Food Group Inc. (MTY.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

+509.0%

CA$199.43

vs CA$32.75 price

Levered DCF

CA$172.66

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.25

Distress zone

Rating

Overall 4 / 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	7.28×	47.28×	12.09×	20.02×	15.9×	-34.66×	18.1×	16.11×
P/B	1.01×	1.43×	1.55×	2.07×	2.11×	2.2×	2.12×	2.52×
P/S	0.73×	0.99×	1.08×	2.09×	2.47×	2.5×	2.55×	4.5×
EV / EBITDA	8.07×	14×	9.51×	15.18×	12.58×	153.79×	12.86×	14.68×
Gross margin	29.9%	36.1%	29.2%	35.6%	54.5%	54.1%	53.0%	50.3%
Operating margin	16.6%	14.8%	15.5%	18.6%	22.5%	16.0%	21.1%	28.1%
Net margin	10.0%	2.1%	8.9%	10.4%	15.5%	-7.2%	14.1%	27.9%
Current ratio	0.66×	0.61×	0.64×	0.61×	0.65×	0.57×	0.6×	0.45×
Debt / equity	1.78×	1.52×	1.61×	1.49×	1.29×	1.75×	0.81×	0.44×
Interest coverage	4.31×	2.97×	2.85×	8.54×	10.01×	4.25×	6.57×	8.49×
Dividend yield	3.5%	2.3%	1.9%	1.4%	0.7%	0.4%	1.2%	0.9%
Payout ratio	25.5%	110.9%	23.4%	27.4%	10.7%	-12.6%	21.5%	14.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.9%	3.0%	12.8%	10.3%	13.2%	-6.3%	11.7%	15.7%
Return on invested capital	7.7%	7.6%	7.3%	5.2%	5.7%	3.3%	6.6%	9.7%
Return on assets	4.7%	0.9%	3.9%	3.2%	4.5%	-1.8%	4.7%	8.0%
Free cash flow yield	19.6%	15.5%	12.1%	8.7%	9.7%	10.0%	7.5%	5.7%
Earnings yield	13.7%	2.1%	8.3%	5.0%	6.3%	-2.9%	5.5%	6.2%
Enterprise value	CA$2.3B	CA$2.3B	CA$2.5B	CA$2.5B	CA$2.1B	CA$2.3B	CA$1.9B	CA$1.8B
Net debt / EBITDA	5.08×	7.08×	4.73×	6.14×	4.55×	66.53×	3.32×	1.95×
Cash conversion cycle (days)	8	-4	13	12	-7	8	-39	-4