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High Quality Food S.p.A (HQF) Fair Value & Analysis

Consumer Defensive · IT · Market cap €6.5M

HQ High Quality Food S.p.A HQF · MI
Price€0.5050
Fair Value€0.8800
Upside+74.3%
Quality28/100
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Expensive Growth
Thin margins · 0.8% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 21/100
Evidence: Medium Range €0.6600 – €1.29 Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €0.9800 to €0.8800 (−10.2%) since Jun 24, 2026.

Below-average quality, screening 74% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€0.6600). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (€0.6600 to €1.29) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

€1.71 €0.4600 Fair Value €0.8800 Jun 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

50‑month range €0.4600 – €1.71 · fair‑value band €0.6600 – €1.29 · the €0.5050 price screens below the €0.8800 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

High Quality Food S.p.A (HQF) currently trades at €0.5050, while our model-based Fair Value estimate is €0.8800, implying the stock looks roughly 74.3% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, High Quality Food S.p.A generated revenue of €19.5M at a net margin of 0.8%. Revenue grew 6.5% year over year. It earns a return on equity of 2.0%. Net debt stands at €10.0M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €0.6600 (bear case) to €1.29 (bull case); at €0.5050, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 74%, HQF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder €0.4800 €0.5500 €0.6100 72
Growth-Adj P/E €0.6900 €0.9800 €1.28 68
P/E Multiple €0.8200 €1.09 €1.37 63
All 15 models by family
DCF Models
Owner Earnings €0.2300 €0.3700 €0.5400 31
Earnings-Based
Graham-Dodd €0.3500 €1.15 €1.54 54
Lynch FV €0.2600 €0.3700 €0.4800 50
PEG = 1.0 €0.2600 €0.3700 €0.4800 46
EPV €0.4800 €0.5500 €0.6100 59
Multiples
P/E Multiple €0.8200 €1.09 €1.37 63
P/S Multiple €0.6600 €0.8800 €1.11 58
P/B Multiple €0.6600 €0.8800 €1.11 55
EV/EBIT €1.22 €1.66 €2.10 53
EV/EBITDA €1.43 €1.95 €2.46 54
EV/Revenue €0.8400 €1.24 €1.65 43
Asset-Based
NCAV (Graham) €0.3900 €0.5200 €0.7800 50
Economic Profit
Residual Income €0.5600 €0.5600 €0.5200 61
ROIC Compounder €0.4800 €0.5500 €0.6100 72
Growth Earnings
Growth-Adj P/E €0.6900 €0.9800 €1.28 68

Widest divergence: Multiples (€1.09) versus DCF Models (€0.3700). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €19.5M
Revenue growth (YoY) +6.5%
Net margin 0.8%
Return on equity 2.0%
Free cash flow −€1.4M FY2025
P/E ratio 57.5
More key figures
Operating margin -1.1%
EPS (TTM) €0.0100
EPS growth (YoY) +19.2%
Net debt €10.0M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 29 · Market factors (momentum, volatility) 40

Profitability 34
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

High Quality Food S.p.A. engages in the production, transformation, and distribution of food products in Italy and internationally.

Full company description

High Quality Food S.p.A. engages in the production, transformation, and distribution of food products in Italy and internationally. It offers meat, cured meat, cheese, fish, shellfish and caviar, fruits, vegetables and herbs, rice and pasta, oils, vinegars and essences, flours, cereals, legumes and yeasts, salts, spices and sugars, mushrooms and truffles, eggs, milk and related derivatives, sweets and pastries, jams, marmalades and jellies, gastronomy products, sauces and condiments, ethnic products, preserved and canned products, wines and drinks, and agricultural products. The company sells its products through Buongusterai, an e-commerce portal; and operates an online catalog for raw materials. High Quality Food S.p.A. was founded in 2003 and is based in Rome, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

High Quality Food S.p.A reported revenue of €20.1M in FY2025 versus €15.0M in FY2021, a compound +7.5%/yr. Reported net income was €584K in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€20.1M
Latest YoY
+5.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.6%
Revenue +7.5%/yr
FY21 €15.0M
FY22 €19.5M
FY23 €20.1M
FY24 €19.0M
FY25 €20.1M
Net income
FY21 −€1.0M
FY22 €349K
FY23 €584K
FY24 €152K
FY25 €584K

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Cite: Fair Value Calculator (2026). "High Quality Food S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/HQF

Peer Group

Food Distribution · 77 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 28 · Bottom 25%
Fair Value upside +74% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 7% · Above median
Debt / equity 0.36× · Higher than 75% of peers

Valuation Multiples vs Food Distribution median · lower = cheaper

P/E (TTM) 57.5× · Pricier than 75% of peers
P/B 0.85× · Cheaper than median
P/S (TTM) 0.38× · Pricier than median
EV/EBITDA 5.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 21
FUTURE 33 · sector 14
PAST 8 · sector 36
HEALTH 82 · sector 94
DIVIDEND 0 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Food Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.69 $60.58 -26%
US Foods Holding USFD $99.13 $55.10 -44%
Performance Food Group PFGC $113.17 $37.94 -66%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.90 THB 17.04 THB +14%
The Chefs' Warehouse, Inc CHEF $95.79 $37.27 -61%
Olam Group VC2 1.33 SGD 2.12 SGD +59%
United Natural Foods, Inc UNFI $50.19 $6.00 -88%
The Andersons, Inc ANDE $79.24 $47.78 -40%
Metcash Limited MTS A$2.92 A$5.33 +83%

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Frequently asked questions

Is High Quality Food S.p.A (HQF) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €0.8800 versus a price of €0.5050, about +74% (undervalued).
What is the fair value of HQF?
Our model-based fair value for High Quality Food S.p.A is €0.8800 (as of Jul 16, 2026), built from audited fundamentals. The current price is €0.5050.
What is the quality score of HQF?
High Quality Food S.p.A has a Quality Score of 28/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of High Quality Food S.p.A (HQF)?
High Quality Food S.p.A reported trailing-twelve-month revenue of about €19.5M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of HQF?
The net profit margin of High Quality Food S.p.A is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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