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 |
Cal-Maine Foods, Inc. (CALM) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.