CALMCal-Maine Foods, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.8×) and margins widening.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CALM?
Cal-Maine Foods, Inc. earns 16% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 7.2 points above what the capital costs: growth creates value
- Cash conversion
- 1.77×
Cash conversion · 1.05× a year ago · operating cash flow covers the operating profit after tax
| Year | Operating margin |
|---|---|
| FY2021 | −1.9% |
| FY2022 | 8.1% |
| FY2023 | 31% |
| FY2024 | 13% |
| FY2025 | 36% |
| FY2026 | 12% |
Details›
- Free cash flow, trailing twelve months
- $329M
- Net income, trailing twelve months
- $317M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 16%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Farm Products
Ranks #1 of 6 by RyuScore