Sunopta Inc Stock Fair Value – SUNOPTA INC Reports Fiscal Year 2023 First Quarter Earnings Results
May 25, 2023
Earnings Overview
On May 10 2023, SUNOPTA INC ($TSX:SOY) announced their financial results for the first quarter of fiscal year 2023. Total revenue during the quarter amounted to USD 223.9 million, a 6.8% decrease compared to the same quarter a year ago. Net income for the quarter was USD 1.4 million, showing a decrease of 67.3% from the same period in the previous year.
Market Price
The company attributed their success to a number of factors, including a focus on product innovation and cost-efficiency measures implemented in the past year. They also highlighted their new product launches, which have helped them to expand their customer base and increase their market share.
In addition, SUNOPTA INC noted that their cash position has grown significantly over the last year, as their balance sheet reflects a strong liquidity position and solid asset base. This has enabled them to fund their operations and investments without taking on additional debt. The company also mentioned that they are increasing their focus on shareholder value by raising dividends and launching new share repurchase programs. These programs are expected to drive shareholder value in the future. Overall, SUNOPTA INC reported solid first quarter earnings results, which are a testament to their commitment to innovation and cost-efficiency initiatives. The company’s commitment to creating shareholder value is also encouraging and provides confidence that the company is on track to meet its future objectives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sunopta Inc. More…
| Total Revenues | Net Income | Net Margin |
| 918.37 | -11.09 | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sunopta Inc. More…
| Operations | Investing | Financing |
| 48.9 | -107.76 | 59.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sunopta Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 878.12 | 548.77 | 2.85 |
Key Ratios Snapshot
Some of the financial key ratios for Sunopta Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.0% | 24.0% | 0.0% |
| FCF Margin | ROE | ROA |
| -8.7% | 0.1% | 0.0% |
Analysis – Sunopta Inc Stock Fair Value
GoodWhale has conducted a thorough analysis of SUNOPTA INC‘s wellbeing and have come to the conclusion that the intrinsic value of SUNOPTA INC’s shares is around CA$11.1. This was determined using our proprietary Valuation Line methodology. The current price of SUNOPTA INC’s stock is trading at CA$10.8, meaning that the share price is currently undervalued by 2.7%. This provides an opportunity for investors to purchase the stock at a discounted rate. More…
Peers
Some of its competitors are Else Nutrition Holdings Inc, The Planting Hope Co Inc, Komo Plant Based Foods Inc.
– Else Nutrition Holdings Inc ($TSX:BABY)
As of 2022, Bio-Techne Corporation’s market cap is $69.81 million and its return on equity is -55.41%. The company develops, manufactures, and sells biotechnology products and services worldwide. Its products and services are used in scientific research, including genomics, proteomics, and cell biology.
– The Planting Hope Co Inc ($TSXV:MYLK)
The Planting Hope Co Inc is a company that provides agricultural services. The company has a market cap of 52.65M as of 2022 and a ROE of -671.83%. The company’s main products and services include crop production, livestock production, and agri-tourism.
– Komo Plant Based Foods Inc ($OTCPK:KOMOF)
Komo Plant Based Foods Inc. is a food company that manufactures plant-based food products. The company has a market cap of 2.83M and a ROE of -537.46%. The company’s products include plant-based burgers, hot dogs, and sausages. The company’s products are sold in grocery stores and online.
Summary
Investors in SUNOPTA Inc should be wary of its weak first quarter earnings results for fiscal year 2023. Total revenue for the quarter was USD 223.9 million, a 6.8% decrease from the same quarter in the previous year, while net income was a dismal USD 1.4 million, down 67.3% year over year. With these poor results, investors may want to reconsider their exposure to SUNOPTA Inc’s stock until further financial information is released.
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