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Cal-Maine Foods, Inc. (CALM)

POSITIVE
Consumer DefensiveFarm ProductsUnited States

Fundamental

74

Price

$84.29

Market Cap

$4.05B

Part 1 · What the company is worth

Overview

Cal-Maine Foods, Inc., together with its subsidiaries, engages in the production, grading, packaging, marketing, and distribution of shell eggs, egg products, and prepared foods in the United Sates. It operates through Conventional Shell Eggs, Specialty Shell Eggs, and Prepared Foods segments. The company offers specialty shell eggs, including cage-free, organic, brown, free-range, and pasture-raised and nutritionally enhanced eggs, as well as conventional and co-pack shell eggs. It also provides prepared food products, such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. The company offers its products under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, 4Grain, Van's, MeadowCreek Foods, and Crepini brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$2.91B

Trailing 12 months (through 5/30/2026)

Net Income

$317M

Trailing 12 months (through 5/30/2026)

Free Cash Flow

$329M

Total Equity

$2.63B

Total Liabilities

$467M

Current Ratio

7.70

Interest Coverage

-

Debt/EBITDA

0.00

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$338.96

Current Price

$84.29

Margin of Safety

+75.1%

Fair Value Range

$220.32 - $457.60

Estimation Methods

Analyst Target:$88.00
DCF:$1132.46
PE-based:$236.27
Graham Growth:$341.31
EPV:$73.59
Analyst Consensus:Buy (6B / 5H / 0S)
Last Earnings Surprise:-1002.61%

Valuation Metrics

P/E Ratio

12.76

ROE

12.0%

P/B Ratio

1.51

P/FCF

12.08

Gross Margin

23.1%

ROIC

9.5%

Profitability Radar

Value Creation (Economic Moat)

ROIC

9.5%

WACC

8.0%

ROIC − WACC

+1.5 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (21)

  • EPS shows upward trend
  • EPS CAGR 5.44%
  • Price CAGR 6.48%
  • ROIC 9.5%
  • P/FCF 12.08
  • P/B Ratio 1.51
  • Debt/Equity ratio
  • Operating Margin 12.0%
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 11.8%
  • Revenue Growth 5Y 16.6%
  • Analyst Consensus 55% Buy
  • PEG Ratio 0.07
  • Earnings Quality (OCF/NI) 1.51
  • Share Dilution -2.3%
  • Piotroski F-Score 6/9

Failed (5)

  • Gross Margin 23.1%
  • CapEx intensity
  • DCF valuation (Fairly valued)
  • Earnings Surprise avg -246.4%
  • Net Margin Trend 10.9% vs 28.6%

Unavailable (2)

  • Dividend Payout NaN%
  • Interest Coverage

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.51

High quality: earnings backed by cash

Share Dilution

-2.3%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Adolphus B. BakerExecutive Chairman68
Mr. Sherman L. MillerCEO, President & Director50
Mr. Michael Todd WaltersChief Operating Officer54
Mr. Robert L. Holladay Jr.VP & General Counsel49
Mr. Matthew S. GloverVice President of Accounting-
Mr. Scott Daniel HullVice President of Sales38
Ms. Keira L. LombardoChief Strategy Officer44
Mr. Johnathan Stevan ZoellerChief Financial Officer - Prepared Foods49
Mr. Dave JordanPresident of Echo Lake Foods-

Audit Risk

6

Board Risk

10

Compensation Risk

5

Shareholder Rights Risk

8

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for CALM, sourced from Markets Gazette.

  • 6/25/2026POSITIVE
    Cal-Maine, Others Poised to Settle DOJ Egg Pricing Probe

    Cal-Maine Foods Inc. is reportedly nearing a settlement with the US Justice Department and a coalition of states regarding an investigation into alleged illegal price coordination in the egg market. While specific terms are undisclosed, the resolution of this probe, which has cast a shadow over the company's operations and investor sentiment, is seen as a significant positive development. The potential for a definitive end to legal uncertainties could remove a key overhang, allowing the market to focus on Cal-Maine's operational performance and future growth prospects in the poultry sector.

  • 4/17/2026NEGATIVE
    Cal-Maine’s stock falls as DOJ reportedly weighs bigger crackdown on major egg producers

    Cal-Maine Foods Inc. stock experienced a decline following reports that the U.S. Department of Justice (DOJ) is considering a more significant enforcement action against major egg producers. While egg prices have fallen from their March 2025 peak of over $6 per dozen due to flock replenishment, the potential for increased regulatory scrutiny introduces a new layer of risk for the company. Investors are now weighing the implications of potential antitrust investigations or penalties, which could impact future profitability and operational strategies for Cal-Maine and its peers in the industry.

  • 4/1/2026POSITIVE
    Just in time for Easter: Egg prices tumbled 70%, and here’s how people responded

    Cal-Maine Foods Inc. (CALM) saw its stock surge following a significant earnings beat, defying a substantial 70% decline in the price of conventional white eggs. The company's ability to navigate such a sharp drop in commodity prices while exceeding profit expectations signals strong operational efficiency and effective cost management. This resilience suggests that Cal-Maine may have successfully hedged against price volatility or benefited from diversified revenue streams. Investors are likely to view this performance positively, indicating robust fundamentals and potential for continued outperformance despite challenging market conditions for egg prices.

  • 3/7/2026NEUTRAL
    Cal-Maine Foods: A 6.5 Rating in a Volatile Market

    Cal-Maine Foods Inc. is under review for its investment potential, with a current rating of 6.5 in a volatile market. The analysis will delve into its business model and financial health to identify both risks and rewards for potential investors. While the article suggests a 'hidden gem' possibility, the neutral rating indicates a balanced outlook, awaiting further detailed financial disclosures or market shifts to provide a clearer directional signal. Investors should monitor upcoming earnings reports and industry trends for a more definitive assessment.

  • 3/3/2026POSITIVE
    Cal-Maine Grows Midwest Footprint With Creighton Deal

    Cal-Maine Foods Inc. (NASDAQ: CALM) has announced the acquisition of Creighton Brothers LLC's egg assets for $128.5 million. This strategic move significantly expands the company's footprint in the Midwest, specifically within the state of Indiana. The transaction strengthens Cal-Maine's position as a leader in the poultry industry, promising potential operational synergies and increased production capacity. Investors may view this expansion as a signal of robust growth and market consolidation, potentially favorable for the stock's valuation in the medium to long term, given Cal-Maine's ability to integrate new operations and capitalize on economies of scale.

  • 2/20/2026POSITIVE
    This Fund's New $14 Million Stake in Cal-Maine Foods Signals Conviction Even as Income Sank 50% Last Quarter

    A fund has invested $14 million in Cal-Maine Foods, signaling strong conviction despite a 50% income drop last quarter. This investment suggests the fund sees recovery potential or undervaluation in the stock, despite recent struggles.

via Markets Gazette