# Maple Leaf Foods Inc. (MFI.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Consumer Defensive / Food & Staples Retailing. Price C$26.55, market value C$3.3 billion.

## Valuation
- **P/E (trailing): 45.8×** (5-yr avg 18.0×, 3-yr avg 13.7×). Maple Leaf Foods Inc. trades at 45.8× trailing earnings, well above its own five-year average of 18.0×: investors are paying up relative to the company's past. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 14.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.5×**. Enterprise value is 10.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.5%** (5-yr avg 1.6%). Free cash flow equals 4.5% of the market value, above its five-year average of 1.6%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Gross margin: 17.4%**. Maple Leaf Foods Inc. keeps 17.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 7.3%**. 7.3% of revenue is left after running the business.
- **Net margin: 13.8%**. 13.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 41.0%**. 41.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 6.3%**. Return on all capital, debt included, is 6.3%.
- **Return on assets: 14.7%**. Each dollar of assets produces 14.7% of profit.

## Growth
- **Revenue growth (1 yr): -20.1%** (3-yr -6.2%/yr, 5-yr -1.9%/yr). Revenue fell 20.1% over the last year, against -1.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 444.9%** (5-yr 36.1%/yr). Earnings per share rose 444.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.93**. Debt is 0.93 times equity, moderate leverage.
- **Net debt / EBITDA: 2.6×**. It would take 2.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.2×**. Operating profit covers interest 4.2× over, a safe margin.
- **Current ratio: 1.29** (quick 0.56). Current assets cover the next year's liabilities 1.29 times.
- **Altman Z-score: 2.84**. A Z-score of 2.84 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.16%** (C$0.85 per share, trailing). Maple Leaf Foods Inc. yields 3.16%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 33%** (115% of free cash flow). 33% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 20.2%/yr** (1-yr 82.8%). The dividend has compounded at 20.2% a year over five years, doubling roughly every 4 years at that pace.
- **Shareholder yield: 4.9%**. Dividends plus net buybacks return 4.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): -11.8%** (YTD 8.0%, 3-mo -12.8%). The shares are down 11.8% over twelve months including dividends.
- **From 52-week high: -17.7%** (13.7% above the low). Trading 18% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 37**. An RSI of 37 is neutral.
- **Beta (1 yr): 0.14** (volatility 27%). Beta of 0.14 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MFI.TO · Page: https://foliofundamentals.com/stocks/mfi.to

Not investment advice.