(CALM) Cal-Maine Foods - NASDAQ
Sector: Consumer Defensive | Industry: Farm Products | Exchange: NASDAQ (USA) | Market Cap: 3.700m USD | Total Return: -19.9% in 12m
Avg Turnover: 52.1M
EPS Trend: 53.1%
Qual. Beats: 0
Rev. Trend: 68.7%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 5.4 → Forward 19.8
Tailwinds
No distinct edge detected
Cal-Maine Foods, Inc. is the largest producer and distributor of shell eggs in the United States. The company manages a vertically integrated business model, encompassing the entire production process from chick hatcheries and feed mills to grading, packaging, and distribution. Its portfolio includes conventional eggs and high-margin specialty products such as cage-free, organic, and nutritionally enhanced varieties sold under national brands like Egg-Land’s Best and Land O Lakes.
The company serves a broad customer base including national grocery chains, club stores, and foodservice distributors across the majority of the U.S. and Puerto Rico. In the packaged foods sector, shell egg pricing is highly cyclical and sensitive to fluctuations in feed costs, primarily corn and soybean meal, which represent the largest variable expenses for producers. Investors may find ValueRay useful for analyzing these commodity price sensitivities and historical valuation trends. Cal-Maine also produces value-added egg products, such as hard-cooked eggs and protein wraps, to diversify its revenue streams beyond raw agricultural commodities.
- Highly volatile shell egg pricing directly impacts quarterly revenue and profit margins
- Feed cost fluctuations for corn and soybean meal drive operating expense volatility
- Highly pathogenic avian influenza outbreaks significantly disrupt domestic egg supply and pricing
- Shift toward specialty and cage-free egg sales expands long-term premium product margins
- Consolidation through strategic acquisitions increases national market share and production capacity
| Net Income: 695.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.23 > 0.02 and ΔFCF/TA -4.85 > 1.0 |
| NWC/Revenue: 44.37% < 20% (prev 38.68%; Δ 5.69% < -1%) |
| CFO/TA 0.28 > 3% & CFO 892.4m > Net Income 695.0m |
| Net Debt (-1.15b) to EBITDA (1.07b): -1.07 < 3 |
| Current Ratio: 8.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.4m) vs 12m ago -3.18% < -2% |
| Gross Margin: 33.77% > 18% (prev 39.64%; Δ -5.86% > 0.5%) |
| Asset Turnover: 111.3% > 50% (prev 123.3%; Δ -11.96% > 0%) |
| Interest Coverage Ratio: 1.57k > 6 (EBIT TTM 961.8m / Interest Expense TTM 612k) |
| A: 0.49 (Total Current Assets 1.75b - Total Current Liabilities 213.0m) / Total Assets 3.14b |
| B: 0.89 (Retained Earnings 2.80b / Total Assets 3.14b) |
| C: 0.31 (EBIT TTM 961.8m / Avg Total Assets 3.11b) |
| D: 6.25 (Book Value of Equity 2.70b / Total Liabilities 432.1m) |
| Altman-Z'' = 14.76 = AAA |
| DSRI: 0.60 (Receivables 234.9m/428.4m, Revenue 3.46b/3.80b) |
| GMI: 1.17 (GM 39.64% / 33.77%) |
| AQI: 1.78 (AQ_t 0.05 / AQ_t-1 0.03) |
| SGI: 0.91 (Revenue 3.46b / 3.80b) |
| TATA: -0.06 (NI 695.0m - CFO 892.4m) / TA 3.14b) |
| Beneish M = -2.80 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at USD 77.73 with a total of 1,229,800 shares traded.
Over the past week, the price has changed by -2.68%,
over one month by -1.07%,
over three months by -3.90% and
over the past year by -19.89%.
Cal-Maine Foods has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold CALM.
- StrongBuy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 88 | 13.2% |
P/E Trailing = 5.4349
P/E Forward = 19.802
P/S = 1.0686
P/B = 1.3702
P/EG = 2.1983
Revenue TTM = 3.46b USD
EBIT TTM = 961.8m USD
EBITDA TTM = 1.07b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 1.44m USD (Leases only: 1.44m)
Net Debt = -1.15b USD (calculated: Debt 1.44m - CCE 1.15b)
Enterprise Value = 2.55b USD (3.70b + Debt 1.44m - CCE 1.15b)
Interest Coverage Ratio = 1.57k (Ebit TTM 961.8m / Interest Expense TTM 612k)
EV/FCF = 3.53x (Enterprise Value 2.55b / FCF TTM 722.9m)
FCF Yield = 28.35% (FCF TTM 722.9m / Enterprise Value 2.55b)
FCF Margin = 20.88% (FCF TTM 722.9m / Revenue TTM 3.46b)
Net Margin = 20.07% (Net Income TTM 695.0m / Revenue TTM 3.46b)
Gross Margin = 33.77% ((Revenue TTM 3.46b - Cost of Revenue TTM 2.29b) / Revenue TTM)
Gross Margin QoQ = 17.88% (prev 26.95%)
Tobins Q-Ratio = 0.81 (Enterprise Value 2.55b / Total Assets 3.14b)
Interest Expense / Debt = 42.41% (Interest Expense 612k / Debt 1.44m)
Taxrate = 23.66% (215.4m / 910.7m)
NOPAT = 734.3m (EBIT 961.8m * (1 - 23.66%))
Current Ratio = 8.21 (Total Current Assets 1.75b / Total Current Liabilities 213.0m)
Debt / Equity = 0.00 (Debt 1.44m / totalStockholderEquity, last quarter 2.70b)
Debt / EBITDA = -1.07 (Net Debt -1.15b / EBITDA 1.07b)
Debt / FCF = -1.59 (Net Debt -1.15b / FCF TTM 722.9m)
Total Stockholder Equity = 2.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 22.35% (Net Income 695.0m / Total Assets 3.14b)
RoE = 26.11% (Net Income TTM 695.0m / Total Stockholder Equity 2.66b)
RoCE = 32.87% (EBIT 961.8m / Capital Employed (Total Assets 3.14b - Current Liab 213.0m))
RoIC = 26.67% (NOPAT 734.3m / Invested Capital 2.75b)
WACC = 6.06% (E(3.70b)/V(3.70b) * Re(6.05%) + D(1.44m)/V(3.70b) * Rd(42.41%) * (1-Tc(0.24)))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -33.33 | Cagr: -1.33%
[DCF] Terminal Value 73.10% ; FCFF base≈777.3m ; Y1≈681.7m ; Y5≈550.7m
[DCF] Fair Price = 210.9 (EV 8.84b - Net Debt -1.15b = Equity 9.99b / Shares 47.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 53.12 | EPS CAGR: 40.31% | SUE: -0.14 | # QB: 0
Revenue Correlation: 68.70 | Revenue CAGR: 18.80% | SUE: 0.22 | # QB: 0
EPS current Quarter (2026-08-31): EPS=0.55 | Chg30d=+5.77% | Revisions=+20% | Analysts=1