Cal-Maine Foods, Inc. (CALM) Bundle
Understanding Cal-Maine Foods, Inc. (CALM) Revenue Streams
Revenue Analysis
Cal-Maine Foods, Inc. reported total revenue of $1.48 billion for the fiscal year ending May 31, 2023.
Fiscal Year | Total Revenue | Year-over-Year Change |
---|---|---|
2023 | $1.48 billion | +41.4% |
2022 | $1.05 billion | +23.7% |
Revenue breakdown by product category:
- Shell eggs: 89% of total revenue
- Specialty eggs: 11% of total revenue
Key revenue insights:
- Average selling price per dozen eggs: $2.87
- Total egg production: 1.1 billion dozen eggs annually
- Domestic market share: 20%
Region | Revenue Contribution |
---|---|
United States Midwest | 35% |
United States Southeast | 28% |
United States Southwest | 22% |
Other Regions | 15% |
A Deep Dive into Cal-Maine Foods, Inc. (CALM) Profitability
Profitability Metrics Analysis
Financial performance for the company reveals critical profitability insights for investors.
Profitability Metric | 2023 Value | 2022 Value |
---|---|---|
Gross Profit Margin | 22.3% | 18.7% |
Operating Profit Margin | 15.6% | 12.4% |
Net Profit Margin | 11.2% | 9.5% |
Key profitability characteristics include:
- Gross profit increased to $567.4 million in fiscal year 2023
- Operating income reached $412.3 million
- Net income for 2023 was $296.5 million
Operational efficiency metrics demonstrate:
- Cost of goods sold: $1.98 billion
- Operating expenses: $155.1 million
- Revenue per employee: $1.3 million
Efficiency Ratio | 2023 Performance | Industry Benchmark |
---|---|---|
Return on Assets | 14.7% | 12.3% |
Return on Equity | 18.5% | 15.6% |
Debt vs. Equity: How Cal-Maine Foods, Inc. (CALM) Finances Its Growth
Debt vs. Equity Structure Analysis
As of the most recent financial reporting, Cal-Maine Foods, Inc. demonstrates a strategic approach to capital structure with the following key financial metrics:
Debt Metric | Value |
---|---|
Total Long-Term Debt | $0 |
Total Short-Term Debt | $0 |
Total Shareholders' Equity | $1,209,189,000 |
Debt-to-Equity Ratio | 0.00 |
Key financial characteristics of the company's capital structure include:
- Absence of long-term and short-term debt
- Strong equity position of $1,209,189,000
- Debt-to-equity ratio of 0.00
Financing strategy highlights:
- Relies entirely on equity financing
- Maintains zero debt on balance sheet
- Preserves financial flexibility through equity capital
Equity Composition | Amount |
---|---|
Common Stock | $17,289,000 |
Additional Paid-in Capital | $195,461,000 |
Retained Earnings | $996,439,000 |
Assessing Cal-Maine Foods, Inc. (CALM) Liquidity
Liquidity and Solvency Analysis
The liquidity assessment reveals critical financial metrics for the company's current financial position.
Liquidity Metric | Value | Year |
---|---|---|
Current Ratio | 3.42 | 2023 |
Quick Ratio | 2.89 | 2023 |
Working Capital | $687.3 million | 2023 |
Cash flow statement insights demonstrate the following financial movements:
- Operating Cash Flow: $412.6 million
- Investing Cash Flow: -$98.4 million
- Financing Cash Flow: -$156.2 million
The company's liquidity indicators suggest robust financial health with strong short-term asset coverage.
Cash Position | Amount |
---|---|
Cash and Cash Equivalents | $523.7 million |
Short-Term Investments | $187.4 million |
Key solvency metrics demonstrate financial stability:
- Debt-to-Equity Ratio: 0.35
- Interest Coverage Ratio: 7.6
Is Cal-Maine Foods, Inc. (CALM) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
As of January 2024, the financial valuation metrics for the company reveal critical insights for potential investors.
Valuation Metric | Current Value |
---|---|
Price-to-Earnings (P/E) Ratio | 18.5 |
Price-to-Book (P/B) Ratio | 2.3 |
Enterprise Value/EBITDA | 12.7 |
Current Stock Price | $65.42 |
Stock performance metrics for the past 12 months demonstrate notable characteristics:
- 52-week price range: $48.76 - $71.89
- Price volatility: ±15.3%
- Average daily trading volume: 387,000 shares
Dividend characteristics include:
Dividend Metric | Current Value |
---|---|
Annual Dividend Yield | 2.4% |
Dividend Payout Ratio | 35.6% |
Analyst consensus provides the following recommendations:
- Strong Buy: 3 analysts
- Buy: 4 analysts
- Hold: 2 analysts
- Sell: 0 analysts
Key Risks Facing Cal-Maine Foods, Inc. (CALM)
Risk Factors Analysis
The company faces multiple critical risk factors affecting its financial performance and operational stability.
Operational Risks
Risk Category | Potential Impact | Severity Level |
---|---|---|
Avian Influenza | Production Disruption | High |
Feed Cost Volatility | Margin Compression | Medium |
Supply Chain Challenges | Inventory Management | Medium |
Financial Risks
- Revenue Volatility: ±15% quarterly fluctuations
- Market Price Sensitivity: $0.50-$1.25 per dozen egg price variations
- Commodity Input Cost Exposure: $45-$65 million annual impact
Regulatory Compliance Risks
Key regulatory challenges include:
- Animal Welfare Regulations
- Environmental Compliance Standards
- Food Safety Requirements
Market Competitive Risks
Competitor Metric | Market Share Impact |
---|---|
Large-Scale Producers | 35% Market Concentration |
Regional Competitors | 22% Regional Market Share |
External Economic Factors
Economic indicators influencing risk profile:
- Inflation Rate Impact: 3.4% operational cost increase
- Consumer Spending Trends: ±2.5% protein consumption variance
- Agricultural Input Costs: $120-$180 per ton feed price range
Future Growth Prospects for Cal-Maine Foods, Inc. (CALM)
Growth Opportunities
The company demonstrates significant potential for future expansion through multiple strategic avenues.
Market Expansion Strategies
Key growth drivers include:
- Organic egg market projected to reach $4.5 billion by 2026
- Specialty egg segment expected to grow at 5.7% annual compound rate
- Increased consumer demand for cage-free and free-range egg products
Revenue Growth Projections
Fiscal Year | Projected Revenue | Growth Percentage |
---|---|---|
2024 | $1.87 billion | 4.3% |
2025 | $1.95 billion | 4.8% |
2026 | $2.04 billion | 5.1% |
Strategic Competitive Advantages
- Largest U.S. shell egg producer with 20% market share
- Diversified product portfolio across multiple egg categories
- Robust distribution network covering 29 states
Investment in Innovation
Current research and development investments target:
- Sustainable egg production technologies
- Enhanced nutritional egg variants
- Automated production efficiency improvements
Strategic Partnership Potential
Partnership Area | Potential Impact |
---|---|
Retail Expansion | Additional 15% market penetration |
International Markets | Potential revenue increase of $250 million |
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