Maple Leaf Foods Inc. (MFI) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Maple Leaf Foods Inc. stock C$33.92, price C$26.34, upside +28.8%, quality 63 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range C$14.14 – C$31.29 · fair‑value band C$22.98 – C$53.65 · the C$26.34 price screens below the C$33.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 27, 2026.
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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.
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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.
Stock analysis
Maple Leaf Foods Inc. (MFI) currently trades at C$26.34, while our model-based Fair Value estimate is C$33.92, implying the stock looks roughly 22.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$68.99 per share, and 14 of the 24 models we run sit above the C$26.34 price.
Bear case: the Asset-Based group reads lowest at C$3.73, and 10 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$22.98 (bear) to C$53.65 (bull), the price of C$26.34 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 63/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap C$3.4B (≈ $2.4B) Mid · P/E ratio 45.4 · P/S ratio 6.29 · EPS (TTM) C$0.5800 · Dividend yield 11.1% · Net margin 13.8% · Return on equity 5.1% · Return on assets (EBIT) 4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
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 16% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at 29%, MFI screens cheaper than that median.
Fair Value models
BearC$22.98Fair Value C$33.92BullC$53.65
Price C$26.34 · Upside +28.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−20.1%
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.
−6.2%
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.
−1.9%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 30 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.
+0.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+49.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.8%
Dividend (yield on the price)11.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.38.8% vs 12.4%, picking up
Profit margin 2020 to 2025 ⓘ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.5% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −0.4% a year for the price and +1.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Progress in poultry and prepared foods volumes and margins after the pork spinoff forms the main strength, while weak pricing power from low margins and one-off gains represent the key weakness.
Main risk: Persistent softness in plant-based proteins threatens to undermine recent margin progress in the core poultry and prepared foods operations.
Maple Leaf Foods is moving to consolidate its U.S. plant protein production into one Indianapolis site by the end of 2027, aiming to fix underutilized capacity and structural costs. Following the pork spinoff, the business now centers on poultry and prepared foods with recent volume and margin progress there. Will the resulting efficiencies strengthen the core operations enough to offset persistent softness in plant-based proteins?
Price, fair value, quality and upside side by side.
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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 · 635 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+28.8% · Above median
Profitability
Return on equity (12 months)5.1% · Below median
Return on assets15.3% · Top 25%
Net margin (12 months)13.1% · Top 25%
Operating margin (12 months)8.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.6% · Below median
Dividend yield (12 months)11.1% · Top 25%
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Maple Leaf Foods Inc. Fair Value". https://www.fairvalue-calculator.com/stock/MFI.TO
Frequently asked questions
Is Maple Leaf Foods Inc. (MFI) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of C$33.92 versus a price of C$26.34, about +29% upside (undervalued).
What is the fair value of MFI?
Our model-based fair value for Maple Leaf Foods Inc. is C$33.92 (as of Oct 27, 2026), built from audited fundamentals. The current price: C$26.34.
What is the quality score of MFI?
Maple Leaf Foods Inc. has a Quality Score of 63/100. 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 Maple Leaf Foods Inc. (MFI)?
Our model-based price target is the fair value of C$33.92 (as of Oct 27, 2026) from 24 valuation models. Cautious scenario C$22.98, optimistic scenario C$53.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Maple Leaf Foods Inc. stock forecast for 2026?
Our models put fair value at C$33.92, about +29% upside versus a price of C$26.34 (undervalued). Cautious scenario C$22.98, optimistic scenario C$53.65. The calculation is refreshed regularly with new filings.
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 Oct 27, 2026).
Does Maple Leaf Foods Inc. pay a dividend?
Maple Leaf Foods Inc. currently shows a dividend yield of 11.07% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Maple Leaf Foods Inc. (MFI)?
For today's price to be fair in a discounted-cash-flow model, Maple Leaf Foods Inc. would have to grow free cash flow by +1.7 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.9 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of MFI use?
Our models discount Maple Leaf Foods Inc. at 9.2 %: a base by market capitalisation (mid), damped by beta 0.85, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Maple Leaf Foods Inc. that is +1.7 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Maple Leaf Foods Inc. (MFI) delivered so far?
Over the past 5 years revenue at Maple Leaf Foods Inc. grew -1.9 % a year. The price currently implies +1.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Maple Leaf Foods Inc. (MFI) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Maple Leaf Foods Inc. (+1.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Maple Leaf Foods Inc. (MFI)?
The free-cash-flow yield on the price is 9.22 %: that much free cash flow Maple Leaf Foods Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Maple Leaf Foods Inc. (MFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maple Leaf Foods Inc. it is C$33.92 per share (as of Oct 27, 2026), against a price of C$26.34. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Maple Leaf Foods Inc. stock overvalued or undervalued in 2026?
As of Oct 27, 2026, MFI trades below its calculated fair value: price C$26.34, fair value C$33.92, a gap of about +29% (undervalued). 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 MFI?
No. The price is what the market pays today (C$26.34); the fair value is what the company's own numbers justify (C$33.92). For Maple Leaf Foods Inc. the two are C$7.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maple Leaf Foods Inc. worth?
The market values Maple Leaf Foods Inc. at about C$3.4B (market capitalisation, as of Oct 27, 2026). Per share that is C$26.34; our models calculate a fair value of C$33.92 per share.
What do the bullish and bearish scenarios say about MFI?
Our models span a range for Maple Leaf Foods Inc.: cautious scenario C$22.98, base C$33.92, optimistic C$53.65 per share (as of Oct 27, 2026, price C$26.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MFI?
Maple Leaf Foods Inc. trades at a price-to-earnings ratio of 45.4 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$33.92 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 24.2 (reported for FY2025: 6.2). Other multiples: PEG 1.9.
What is the PEG ratio of MFI?
The PEG ratio of Maple Leaf Foods Inc. is 1.88 (P/E divided by earnings growth, as of Oct 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Maple Leaf Foods Inc. (MFI)?
Balance-sheet figures for Maple Leaf Foods Inc. (as of Oct 27, 2026): return on equity 5.1%, debt of 0.86 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is MFI from its 52-week high?
Maple Leaf Foods Inc. trades at C$26.34, about 16% below its 52-week high of C$31.29 and 17% above the low of C$22.52 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of C$33.92 is for.
Which stocks are comparable to Maple Leaf 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 Maple Leaf Foods Inc. stock attractive at the current price?
The data as of Oct 27, 2026: price C$26.34, calculated fair value C$33.92 (+29%), Quality Score 63/100, from 24 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 MFI calculated?
We run Maple Leaf Foods Inc. through 24 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 C$33.92, 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 12.7 % above its aggregate fair value. Maple Leaf Foods Inc. currently trades 22 % 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 Maple Leaf Foods Inc. (MFI)?
The closing price on Oct 26, 2026 was C$26.34. Our model-based fair value is C$33.92, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maple Leaf Foods Inc. right now?
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (C$22.98 to C$53.65) leaves room in how you read the outcome.
Where does the earnings growth of Maple Leaf Foods Inc. (MFI) come from?
Earnings per share at Maple Leaf Foods Inc. grew +13.7 % a year from 2015 to 2025. Broken into its drivers: revenue per share +4.4 %, EBIT margin +3.2 %, tax rate +1.7 %, residual (interest, one-offs) +3.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Maple Leaf Foods Inc.
How large is the market capitalisation of Maple Leaf Foods Inc. (MFI)?
The market capitalisation of Maple Leaf Foods Inc. is C$3.4B (≈ $2.4B). 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 Maple Leaf Foods Inc. (MFI)?
The price-to-sales ratio of Maple Leaf Foods Inc. is 6.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Maple Leaf Foods Inc. (MFI)?
Earnings per share at Maple Leaf Foods Inc. are C$0.5800 (price ÷ EPS = P/E 45.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Maple Leaf Foods Inc. (MFI)?
The dividend yield of Maple Leaf Foods Inc. is 11.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Maple Leaf Foods Inc. (MFI)?
The net margin of Maple Leaf Foods Inc. is 13.8% (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 Maple Leaf Foods Inc. (MFI)?
The return on equity (ROE) of Maple Leaf Foods Inc. is 5.1% (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 Maple Leaf Foods Inc. (MFI)?
On an EBIT basis the return on assets of Maple Leaf Foods Inc. is 4.1% (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 Maple Leaf Foods Inc. (MFI)?
The operating margin of Maple Leaf Foods Inc. is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maple Leaf Foods Inc. (MFI)?
Revenue at Maple Leaf Foods Inc. is growing +1.6% versus a year earlier (3y avg −6.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Maple Leaf Foods Inc. (MFI)?
Earnings per share at Maple Leaf Foods Inc. are growing −30.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Maple Leaf Foods Inc. (MFI) carry?
The net debt of Maple Leaf Foods Inc. is C$1.1B (fiscal year 2025, ≈ 3.5 yrs of FCF). 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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Some data
Oct 27, 2026