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Modern Plant Based Foods Inc (MDRNF) fair value: what the stock is really worth

We calculate from audited financials what Modern Plant Based Foods Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

Valuation from Jun 23, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Consumer Defensive · US · Home Canada · ISIN CA6076772004

MP Modern Plant Based Foods Inc logo Thin data Jun 23, 2026

Modern Plant Based Foods Inc

MDRNF · US

Low PriorityFair Value upside is limited and quality is weak.

·Fair value $0.0400 · Fairly valued (+8.1%)
!Quality 20/100
!Weak Growth (revenue 5y +47.2 %/yr)
!Loss-making · -95.6% net margin (TTM)
!Negative equity (buybacks among others) · negative free cash flow
!Trails peers (2/7)
!Narrow moat 3/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$22.90 $0.0004 Fair Value $0.0400 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

60‑month range $0.0004 – $22.90 · fair‑value band $0.0300 – $0.0500 · the $0.0370 price screens below the $0.0400 fair value. Dashed = 300-day average. As of Jun 23, 2026.

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Company profile

Modern Plant Based Foods Inc. develops and distributes plant-based and health food products in Canada.

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Modern Plant Based Foods Inc. develops and distributes plant-based and health food products in Canada. The company offers plant-based food products and services, including taco bowl kit, slider kit, falafel bowl kit, orange chicken kit, mac and cheese kit, and the meatloaf muffin; sausage-less products through retail and food service outlets; vegan caviar product lines; and plant-based pet food products, such as blueberries, apple chunks, and pumpkin dog treats. The company was formerly known as Modern Meat Inc. and changed its name to Modern Plant Based Foods Inc. in February 2021. Modern Plant Based Foods Inc. is headquartered in Vancouver, Canada.

Stock analysis

Modern Plant Based Foods Inc (MDRNF) currently trades at $0.0370, while our model-based Fair Value estimate is $0.0400, so the stock looks roughly fairly valued today (gap 7.5%).

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Valuation

How firm this estimate is: it rests on 3 models at a data quality of 94/100, which puts the evidence level at low.

Scenario range: $0.0300 (bear) to $0.0500 (bull), the price of $0.0370 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 20/100 (below-average quality), in the Consumer Defensive sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Modern Plant Based Foods Inc reported revenue of C$568K in FY2025 versus C$2.3M in FY2021, a compound −29.3%/yr. Reported net income was −C$850K in FY2025.

Key figures

Market cap $1.2M · P/S ratio 1.99 · EPS (TTM) $−0.0300 · Net margin −150% · Return on equity −348% · Return on assets (EBIT) −503% · Operating margin −26.8% · Revenue (TTM) $590K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 76% below its 52-week high and 429% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 9% fair-value upside, at 8%, MDRNF screens richer than that median.

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Quality Score breakdown

Overall quality 20/100

Of which business quality 20 · Market factors (momentum, volatility) 11

Profitability 13
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 27/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−29.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+47.2%
Start year 2020 (pandemic)
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,960.0% (2020) → −156.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Compare Modern Plant Based Foods Inc with another stock

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Peer Groupⓘ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.Packaged Foods · 639 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 20 · Bottom 25%
Fair Value upside +200.0% · Top 25%
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −20.7% · Bottom 25%
Net margin (TTM) −95.6% · Bottom 25%
Operating margin (TTM) −26.8% · Bottom 25%
Growth and dividend
Revenue growth 27.9% · Top 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Packaged Foods median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 1.99× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)44 · sector 32
FUTURE (revenue growth)100 · sector 20
PAST (return on equity)0 · sector 30
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 57

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

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

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Nestlé S.A NESN CHF 74.63 CHF 59.51 −20%
Danone S.A BN €59.12 €50.65 −14%
Foshan Haitian Flavouring and Food Company 603288 ¥33.93 ¥37.32 +10%
The Kraft Heinz Company KHC $23.45 $29.20 +25%
Nestlé India Limited NESTLEIND ₹1,363 ₹724.74 −47%
Inner Mongolia Yili Industrial Group 600887 ¥26.90 ¥41.84 +56%
Yihai Kerry Arawana Holdings 300999 ¥24.55 ¥9.98 −59%
General Mills, Inc GIS $31.67 $34.59 +9%
Wilmar International Limited F34 3.68 SGD 5.14 SGD +40%
Kerry Group KRZ €85.55 €59.96 −30%

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Cite: Fair Value Calculator (2026). "Modern Plant Based Foods Inc Fair Value". https://www.fairvalue-calculator.com/stock/MDRNF

Frequently asked questions

Is Modern Plant Based Foods Inc (MDRNF) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of $0.0400 versus a price of $0.0370, about +8% upside (fairly valued).
What is the fair value of MDRNF?
Our model-based fair value for Modern Plant Based Foods Inc is $0.0400 (as of Jun 23, 2026), built from audited fundamentals. The current price: $0.0370.
What is the quality score of MDRNF?
Modern Plant Based Foods Inc has a Quality Score of 20/100. 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 price target for Modern Plant Based Foods Inc (MDRNF)?
Our model-based price target is the fair value of $0.0400 (as of Jun 23, 2026) from 3 valuation models. Cautious scenario $0.0300, optimistic scenario $0.0500. It is a calculation from audited fundamentals, not an analyst target.
What is the Modern Plant Based Foods Inc stock forecast for 2026?
Our models put fair value at $0.0400, about +8% upside versus a price of $0.0370 (fairly valued). Cautious scenario $0.0300, optimistic scenario $0.0500. The calculation is refreshed regularly with new filings.
What is the revenue of Modern Plant Based Foods Inc (MDRNF)?
Modern Plant Based Foods Inc reported trailing-twelve-month revenue of about $590K (latest available figure, as of Jun 23, 2026).
What is the intrinsic value of Modern Plant Based Foods Inc (MDRNF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Modern Plant Based Foods Inc it is $0.0400 per share (as of Jun 23, 2026), against a price of $0.0370. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Modern Plant Based Foods Inc stock overvalued or undervalued in 2026?
As of Jun 23, 2026, MDRNF trades below its calculated fair value: price $0.0370, fair value $0.0400, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MDRNF?
No. The price is what the market pays today ($0.0370); the fair value is what the company's own numbers justify ($0.0400). For Modern Plant Based Foods Inc the two are $0.0030 per share apart. That gap is exactly why we show both numbers side by side.
How much is Modern Plant Based Foods Inc worth?
The market values Modern Plant Based Foods Inc at about $1.2M (market capitalisation, as of Jun 23, 2026). Per share that is $0.0370; our models calculate a fair value of $0.0400 per share.
What do the bullish and bearish scenarios say about MDRNF?
Our models span a range for Modern Plant Based Foods Inc: cautious scenario $0.0300, base $0.0400, optimistic $0.0500 per share (as of Jun 23, 2026, price $0.0370). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Modern Plant Based Foods Inc (MDRNF)?
Balance-sheet figures for Modern Plant Based Foods Inc (as of Jun 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is MDRNF from its 52-week high?
Modern Plant Based Foods Inc trades at $0.0370, about 76% below its 52-week high of $0.1540 and 429% above the low of $0.0070 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0400 is for.
Which stocks are comparable to Modern Plant Based Foods Inc?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Modern Plant Based Foods Inc stock attractive at the current price?
The data as of Jun 23, 2026: price $0.0370, calculated fair value $0.0400 (+8%), Quality Score 20/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MDRNF calculated?
We run Modern Plant Based Foods Inc through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0400, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Modern Plant Based Foods Inc currently trades 8 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Modern Plant Based Foods Inc (MDRNF)?
The closing price on Oct 2, 2026 was $0.0370. Our model-based fair value is $0.0400, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Modern Plant Based Foods Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Modern Plant Based Foods Inc

How large is the market capitalisation of Modern Plant Based Foods Inc (MDRNF)?
The market capitalisation of Modern Plant Based Foods Inc is $1.2M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Modern Plant Based Foods Inc (MDRNF)?
The price-to-sales ratio of Modern Plant Based Foods Inc is 1.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Modern Plant Based Foods Inc (MDRNF)?
Earnings per share at Modern Plant Based Foods Inc are $−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Modern Plant Based Foods Inc (MDRNF)?
The net margin of Modern Plant Based Foods Inc is −150% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Modern Plant Based Foods Inc (MDRNF)?
The return on equity (ROE) of Modern Plant Based Foods Inc is −348% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Modern Plant Based Foods Inc (MDRNF)?
On an EBIT basis the return on assets of Modern Plant Based Foods Inc is −503% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Modern Plant Based Foods Inc (MDRNF)?
The operating margin of Modern Plant Based Foods Inc is −26.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Modern Plant Based Foods Inc (MDRNF)?
Revenue at Modern Plant Based Foods Inc is growing +27.9% versus a year earlier (3y avg −29.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Modern Plant Based Foods Inc (MDRNF) generate?
The free cash flow of Modern Plant Based Foods Inc is −$475K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Modern Plant Based Foods Inc (MDRNF) carry?
The net debt of Modern Plant Based Foods Inc is $1.7M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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