Goodfood Market Corp
TSX:FOOD
Intrinsic Value
Goodfood Market Corp. is a online grocery company which engages in delivering fresh meal solutions and grocery items for members from across Canada. [ Read More ]
The intrinsic value of one FOOD stock under the Base Case scenario is 0.62 CAD. Compared to the current market price of 0.25 CAD, Goodfood Market Corp is Undervalued by 59%.
Valuation Backtest
Goodfood Market Corp
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Fundamental Analysis
Goodfood Q1 FY2024: Strong Profitability & Growth
2024-Q1 Earnings Call
Goodfood celebrated its tenth anniversary with a robust start to fiscal 2024, marking a fourth successive quarter of positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Adjusted EBITDA hit $1.5 million, a sharp uptick from a year-over-year loss, buoyed by stricter cost controls and operational efficiencies. With quarterly active customers climbing to 124,000, Goodfood saw net sales rise to $40.5 million, bolstered by efforts to re-engage customers and enhance the user experience with new features like recipe customization. This strategy has solidified a foundation for sustained growth in revenue, reaching $326 per active customer, and has achieved remarkable cash flow improvement, with $3.8 million from operating activities and $4 million in adjusted free cash flow, a significant enhancement from the prior year. The company maintains a disciplined focus on profitable growth, has cut down its debt, and is energetically pursuing innovative value propositions to accelerate its profitable trajectory.
Balance Sheet Decomposition
Goodfood Market Corp
Current Assets | 32.8m |
Cash & Short-Term Investments | 24.9m |
Receivables | 4m |
Other Current Assets | 3.9m |
Non-Current Assets | 23.5m |
PP&E | 20.6m |
Intangibles | 2.6m |
Other Non-Current Assets | 300k |
Current Liabilities | 29.2m |
Accounts Payable | 20m |
Other Current Liabilities | 9.2m |
Non-Current Liabilities | 52.5m |
Long-Term Debt | 52.5m |
Earnings Waterfall
Goodfood Market Corp
Revenue
|
161.8m
CAD
|
Cost of Revenue
|
-97.2m
CAD
|
Gross Profit
|
64.5m
CAD
|
Operating Expenses
|
-67.3m
CAD
|
Operating Income
|
-2.8m
CAD
|
Other Expenses
|
-4m
CAD
|
Net Income
|
-6.8m
CAD
|
Free Cash Flow Analysis
Goodfood Market Corp
What is Free Cash Flow?
FOOD Profitability Score
Profitability Due Diligence
Goodfood Market Corp's profitability score is 23/100. The higher the profitability score, the more profitable the company is.
Score
Goodfood Market Corp's profitability score is 23/100. The higher the profitability score, the more profitable the company is.
FOOD Solvency Score
Solvency Due Diligence
Goodfood Market Corp's solvency score is 33/100. The higher the solvency score, the more solvent the company is.
Score
Goodfood Market Corp's solvency score is 33/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
FOOD Price Targets Summary
Goodfood Market Corp
According to Wall Street analysts, the average 1-year price target for FOOD is 0.65 CAD with a low forecast of 0.51 CAD and a high forecast of 0.79 CAD.
Shareholder Return
FOOD Price
Goodfood Market Corp
Average Annual Return | 26.26% |
Standard Deviation of Annual Returns | 165.94% |
Max Drawdown | -99% |
Market Capitalization | 19.1m CAD |
Shares Outstanding | 76 536 251 |
Percentage of Shares Shorted | 4.86% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Goodfood Market Corp. is a online grocery company which engages in delivering fresh meal solutions and grocery items for members from across Canada. The company is headquartered in Saint-Laurent, Quebec and currently employs 3,200 full-time employees. The company went IPO on 2015-04-23. The firm is focused on delivering fresh meal solutions and grocery items for members from across Canada. The firm's unlimited same-day grocery delivery service, Goodfood WOW, offers an even more flexible and convenient online grocery experience, allowing members to order any combination of meal kits, groceries, prepared meals and other products as frequently as needed during the week, with same-day delivery included for all orders over $35, for a monthly subscription fee. The Company’s main production facility and administrative offices are based in Montreal, Quebec, with additional production facilities located in the provinces of Quebec, Ontario, Alberta, and British Columbia. The company has approximately 317,000 active subscribers.
Contact
IPO
Employees
Officers
The intrinsic value of one FOOD stock under the Base Case scenario is 0.62 CAD.
Compared to the current market price of 0.25 CAD, Goodfood Market Corp is Undervalued by 59%.