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Maple Leaf Foods Inc (MFI) Fair Value & Analysis

Consumer Defensive · CA · Market cap C$3.6B

ML Maple Leaf Foods Inc MFI · TO
PriceC$28.36
Fair ValueC$48.31
Upside+70.4%
Quality61/100
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Weak Growth
Solidly profitable · 13.6% net margin
Moderate debt · generates free cash flow
3.01% dividend yield
Mixed vs. peers (7/12)
Moderate moat 45/100
Evidence: High Range C$32.27 – C$62.89 Share as image

Fair value as of: Jul 15, 2026

From 22 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from C$48.37 to C$48.31 (−0.1%) since Jun 24, 2026. Share price −8.3% over the past month.

A solid business, screening 70% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (C$32.27). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (C$32.27 to C$62.89) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

C$31.54 C$14.26 Fair Value C$48.31 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range C$14.26 – C$31.54 · fair‑value band C$32.27 – C$62.89 · the C$28.36 price screens below the C$48.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Maple Leaf Foods Inc (MFI) currently trades at C$28.36, while our model-based Fair Value estimate is C$48.31, implying the stock looks roughly 70.4% undervalued today. The Quality Score stands at 61/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Maple Leaf Foods Inc generated revenue of C$4.0B at a net margin of 13.6%. Revenue grew 6.2% year over year. It earns a return on equity of 5.1%. Net debt stands at C$1.1B. Fundamentals as of Jul 15, 2026

Our scenario range runs from C$32.27 (bear case) to C$62.89 (bull case); at C$28.36, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 11% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 70%, MFI 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 BearBaseBull Evidence
Highest evidence
Growth DCF C$16.20 C$24.22 C$37.70 80
Residual Income C$31.50 C$47.11 C$532.92 76
Rev-Margin DCF C$12.13 C$21.17 C$32.41 74
All 22 models by family
DCF Models
FCF DCF C$15.24 C$23.55 C$38.71 38
Owner Earnings C$40.77 C$58.22 C$90.04 31
5Y Revenue Exit C$12.13 C$20.61 C$33.02 39
5Y EBITDA Exit C$21.63 C$37.00 C$57.49 41
5Y P/E Exit C$36.65 C$62.89 C$94.33 38
10Y Revenue Exit C$12.72 C$19.23 C$26.22 36
10Y EBITDA Exit C$18.86 C$29.25 C$40.49 37
10Y P/E Exit C$27.79 C$45.08 C$61.99 35
Earnings-Based
Graham-Dodd C$29.60 C$38.31 C$43.81 54
EPV C$7.30 C$9.71 C$11.79 59
Multiples
P/E Multiple C$68.56 C$91.41 C$114.26 63
P/S Multiple C$37.73 C$50.31 C$62.89 58
P/B Multiple C$43.79 C$58.39 C$72.99 55
EV/EBIT C$19.56 C$28.74 C$37.92 53
EV/EBITDA C$31.49 C$44.64 C$57.80 54
EV/Revenue C$11.68 C$20.10 C$28.52 43
Asset-Based
NCAV (Graham) C$5.31 C$7.11 C$10.62 50
Growth DCF
Growth DCF C$16.20 C$24.22 C$37.70 80
Rev-Margin DCF C$12.13 C$21.17 C$32.41 74
Economic Profit
Residual Income C$31.50 C$47.11 C$532.92 76
ROIC Compounder C$7.30 C$9.71 C$12.16 72
Growth Earnings
Growth-Adj P/E C$48.41 C$69.16 C$89.91 68

Widest divergence: Growth Earnings (C$69.16) versus Asset-Based (C$7.11). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) C$4.0B
Revenue growth (YoY) +6.2%
Net margin 13.6%
Return on equity 5.1%
Free cash flow C$310M FY2025
P/E ratio 53.8
More key figures
Operating margin 8.0%
EPS (TTM) C$0.5700
Dividend yield 2.9%
EPS growth (YoY) -10.1%
Net debt C$1.1B FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 61

Profitability 73
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 64
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

Maple Leaf Foods Inc., together with its subsidiaries, operates as a protein-focused consumer packaged goods company in Canada, the United States, Japan, Korea, the Philippines, China, and internationally.

Full company description

Maple Leaf Foods Inc., together with its subsidiaries, operates as a protein-focused consumer packaged goods company in Canada, the United States, Japan, Korea, the Philippines, China, and internationally. It offers fresh and frozen poultry, bacon, hams, wieners, meat snacks, a variety of delicatessen products, specialty sausages, a line of cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats; processed chicken products comprising fully cooked chicken breasts and wings; and a range of plant-based products, including tempeh and plant-based chicken, sausages, wieners, bacon, grounds, burgers, deli meat, cheeses, and frozen appetizers under the Maple Leaf, Maple Leaf Prime, Schneiders, Mina, Greenfield Natural Meat Co., Fantino & Mondello, Grab'N Snack, Lunch Mate, LightLife, Field Roast, Chao, Swift Premium, Hygrade, Mitchell's Gourmet, Larsen, and Shopsy's brands, as well as private label brands. The company was founded in 1836 and is headquartered in Mississauga, Canada.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Maple Leaf Foods Inc reported revenue of C$3.9B in FY2025 versus C$4.5B in FY2021, a compound −3.5%/yr. Reported net income was C$542M in FY2025, compounding +51.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$3.9B
Latest YoY
−20.1%
Avg. growth/yr (3Y)
−6.2%
Avg. growth/yr (5Y)
−1.9%
Avg. growth/yr (30Y)
+0.8%
Revenue −3.5%/yr
FY21 C$4.5B
FY22 C$4.7B
FY23 C$4.9B
FY24 C$4.9B
FY25 C$3.9B
Net income +51.5%/yr
FY21 C$103M
FY22 −C$312M
FY23 −C$125M
FY24 C$96.6M
FY25 C$542M

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Cite: Fair Value Calculator (2026). "Maple Leaf Foods Inc Fair Value". https://www.fairvalue-calculator.com/stock/MFI

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Packaged Foods · 653 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 61 · Above median
Fair Value upside +70% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 5% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.86× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 50.5× · Pricier than 75% of peers
P/FCF 8.3× · Pricier than 75% of peers
PEG 1.88× · Pricier 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 29
FUTURE 31 · sector 19
PAST 20 · sector 27
HEALTH 57 · sector 96
DIVIDEND 60 · sector 47

Insider activity: 40/100

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Maple Leaf Foods Inc (MFI) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of C$48.31 versus a price of C$28.36, about +70% (undervalued).
What is the fair value of MFI?
Our model-based fair value for Maple Leaf Foods Inc is C$48.31 (as of Jul 15, 2026), built from audited fundamentals. The current price is C$28.36.
What is the quality score of MFI?
Maple Leaf Foods Inc has a Quality Score of 61/100. 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 Maple Leaf Foods Inc (MFI)?
Maple Leaf Foods Inc reported trailing-twelve-month revenue of about C$4.0B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of MFI?
The net profit margin of Maple Leaf Foods Inc is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.
Does Maple Leaf Foods Inc pay a dividend?
Maple Leaf Foods Inc currently shows a dividend yield of about 2.89% relative to its recent price (as of Jul 15, 2026).

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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