1CM Inc (MILFF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of 1CM Inc $0.14, price $0.22, upside -37.3%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 27, 2026.
How to read this chart
48‑month range $0.0281 – $1.80 · fair‑value band $0.0900 – $0.1800 · the $0.2234 price screens above the $0.1400 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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1CM Inc., a multi-jurisdictional cannabis company, retails cannabis, alcohol, tobacco, nicotine, and consumer packaged goods in Canada. The company operates cannabis and liquor retail stores.
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1CM Inc., a multi-jurisdictional cannabis company, retails cannabis, alcohol, tobacco, nicotine, and consumer packaged goods in Canada. The company operates cannabis and liquor retail stores. It also offers One Cannabis Market, a technology platform that provides B2B and B2C solutions, including last mile delivery, digital signage, big data analytics, and wholesale clearing services. The company was formerly known as Leviathan Natural Products Inc. and changed its name to 1CM Inc. in September 2022. 1CM Inc. is based in Markham, Canada.
Stock analysis
1CM Inc (MILFF) currently trades at $0.2234, while our model-based Fair Value estimate is $0.1400, 37.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $0.3600 per share, and 10 of the 24 models we run sit above the $0.2234 price.
Bear case: the Multiples group reads lowest at $0.0600, and 14 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.0900 (bear) to $0.1800 (bull), the price of $0.2234 sits above 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 56/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
1CM Inc reported revenue of C$73.4M in FY2025 versus C$342K in FY2021, a compound +282.8%/yr. Reported net income was C$485K in FY2025.
Key figures
Market cap $4.0M · P/E ratio 1.4 · EPS (TTM) $0.0200 · Net margin 0.7% · Return on equity 13.9% · Return on assets (EBIT) −11.7% · Operating margin 2.9% · Revenue (TTM) $75.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 695% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −19% fair-value upside, at −37%, MILFF screens richer than that median.
Fair Value models
Bear $0.0900Fair Value $0.1400Bull $0.1800
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($0.0200 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+28.2%
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.
+343.2%
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.
+298.8%
Start year 2020 (pandemic)
Revenue growth 6 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.
+191.9%
’19
’20
’21
’22
’23
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’25
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.
−3,032.5% (2020) → 2.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+3.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +1.1% a year for the price.
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.Drug Manufacturers - Specialty & Generic · 599 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−37.3% · Below median
Profitability
Return on equity (TTM)13.9% · Top 25%
Return on assets3.0% · Above median
Net margin (TTM)5.8% · Below median
Operating margin (TTM)2.9% · Below median
Growth and dividend
Revenue growth0.2% · Below median
Balance sheet
Debt / equity0.25× · Above median
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
P/E (TTM)1.4× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 17
FUTURE (revenue growth)1· sector 24
PAST (return on equity)56· sector 26
HEALTH (low debt)87· sector 96
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
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). "1CM Inc Fair Value". https://www.fairvalue-calculator.com/stock/MILFF
Frequently asked questions
Is 1CM Inc (MILFF) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.1400 versus the last price from Sep 25, 2026 of $0.2234, about −37% upside (overvalued).
What is the fair value of MILFF?
Our model-based fair value for 1CM Inc is $0.1400 (as of Sep 27, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $0.2234.
What is the quality score of MILFF?
1CM Inc has a Quality Score of 56/100. 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 1CM Inc (MILFF)?
Our model-based price target is the fair value of $0.1400 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario $0.0900, optimistic scenario $0.1800. It is a calculation from audited fundamentals, not an analyst target.
What is the 1CM Inc stock forecast for 2026?
Our models put fair value at $0.1400, about −37% upside versus the last price from Sep 25, 2026 of $0.2234 (overvalued). Cautious scenario $0.0900, optimistic scenario $0.1800. The calculation is refreshed regularly with new filings.
What is the revenue of 1CM Inc (MILFF)?
1CM Inc reported trailing-twelve-month revenue of about $75.0M (latest available figure, as of Sep 27, 2026).
What growth is priced into 1CM Inc (MILFF)?
For today's price to be fair in a discounted-cash-flow model, 1CM Inc would have to grow free cash flow by +3.5 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +298.8 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of MILFF use?
Our models discount 1CM Inc at 11.1 %: a base by market capitalisation (nano), damped by beta 1.56, country premium for USA. 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 1CM Inc that is +3.5 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has 1CM Inc (MILFF) delivered so far?
Over the past 5 years revenue at 1CM Inc grew +298.8 % a year. The price currently implies +3.5 % 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 1CM Inc (MILFF) growing?
The median revenue growth in the sector is +5.2 % a year. That is the yardstick for the growth priced into 1CM Inc (+3.5 % 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 1CM Inc (MILFF)?
The free-cash-flow yield on the price is 9.35 %: that much free cash flow 1CM Inc produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 1CM Inc (MILFF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 1CM Inc it is $0.1400 per share (as of Sep 27, 2026), against a price of $0.2234. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is 1CM Inc stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MILFF trades above its calculated fair value: price $0.2234, fair value $0.1400, a gap of about −37% (overvalued). 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 MILFF?
No. The price is what the market pays today ($0.2234); the fair value is what the company's own numbers justify ($0.1400). For 1CM Inc the two are $0.0834 per share apart. That gap is exactly why we show both numbers side by side.
How much is 1CM Inc worth?
The market values 1CM Inc at about $4.0M (market capitalisation, as of Sep 27, 2026). Per share that is $0.2234; our models calculate a fair value of $0.1400 per share.
What do the bullish and bearish scenarios say about MILFF?
Our models span a range for 1CM Inc: cautious scenario $0.0900, base $0.1400, optimistic $0.1800 per share (as of Sep 27, 2026, price $0.2234). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MILFF?
1CM Inc trades at a price-to-earnings ratio of 1.4 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.1400 is built from several models across several years.
How solid is the balance sheet of 1CM Inc (MILFF)?
Balance-sheet figures for 1CM Inc (as of Sep 27, 2026): return on equity 13.9%, debt of 0.25 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is MILFF from its 52-week high?
1CM Inc trades at $0.2234, about 47% below its 52-week high of $0.4212 and 695% above the low of $0.0281 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.1400 is for.
Which stocks are comparable to 1CM Inc?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Teva Pharmaceutical Industries Limited, Sun Pharmaceutical Industries Limited, 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 1CM Inc stock attractive at the current price?
The data as of Sep 27, 2026: price $0.2234, calculated fair value $0.1400 (−37%), Quality Score 56/100, 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 MILFF calculated?
We run 1CM 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 $0.1400, 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. 1CM Inc itself currently trades above fair value. 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 1CM Inc (MILFF)?
The latest price we hold is from Sep 25, 2026 and stands at $0.2234. Our model-based fair value is $0.1400, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 1CM Inc right now?
The price sits above even our optimistic bull case ($0.1800). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($0.0900 to $0.1800) leaves room in how you read the outcome.
Key figures of 1CM Inc
How large is the market capitalisation of 1CM Inc (MILFF)?
The market capitalisation of 1CM Inc is $4.0M. 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 are the earnings per share of 1CM Inc (MILFF)?
Earnings per share at 1CM Inc are $0.0200 (price ÷ EPS = P/E 1.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of 1CM Inc (MILFF)?
The net margin of 1CM Inc is 0.7% (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 1CM Inc (MILFF)?
The return on equity (ROE) of 1CM Inc is 13.9% (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 1CM Inc (MILFF)?
On an EBIT basis the return on assets of 1CM Inc is −11.7% (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 1CM Inc (MILFF)?
The operating margin of 1CM Inc is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 1CM Inc (MILFF)?
Revenue at 1CM Inc is growing +0.2% versus a year earlier (3y avg +343%). 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 1CM Inc (MILFF)?
Earnings per share at 1CM Inc are growing +15.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does 1CM Inc (MILFF) carry?
The net debt of 1CM Inc is $6.5M (fiscal year 2022, ≈ 2.6 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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Thin data
Sep 27, 2026