A Business at a Glance
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HF Foods Group Inc., headquartered in Las Vegas, Nevada, operating through our subsidiaries (collectively “HF Foods” or the “Company”) is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to Asian restaurants, as well as other foodservice customers, throughout the United States. HF Foods was formed through a merger between two complementary market leaders, HF Foods and B&R Global Holdings, Inc. (“B&R Global”), on November 4, 2019. With sixteen distribution centers and three cross-docks and a fleet of over 400 vehicles, our distribution network now spans 46 states covering approximately 95% of the contiguous United States.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.1B | 1.2B | 797M | 567M |
| Net Income | -45M | -49M | -2.2M | 460K | 22M | -344M |
| EPS | $-0.86 | $-0.92 | $-0.04 | $0.01 | $0.43 | $-6.59 |
| Free Cash Flow | 17M | 10M | -5.2M | 25M | 15M | 45M |
| ROIC | -8.2% | -14.2% | 2.2% | 5.1% | 6.5% | -98.9% |
| Gross Margin | 17.0% | 17.1% | 17.8% | 17.6% | 19.0% | 17.8% |
| Debt/Equity | 0.45 | 0.45 | 0.40 | 0.42 | 0.30 | 0.36 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -36M | -39M | 9.0M | 11M | 29M | -344M |
| Operating Margin | -2.9% | -3.3% | 0.8% | 0.9% | 3.7% | -60.7% |
| ROE | -19.0% | -18.4% | -0.8% | 0.2% | 7.6% | -132.6% |
| Shares Outstanding | 53M | 53M | 54M | 46M | 52M | 52M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 296M | 291M | 388M | 567M | 797M | 1.2B | 1.1B | 1.2B | 1.2B |
| Gross Margin | 14.9% | 17.0% | 16.3% | 17.8% | 19.0% | 17.6% | 17.8% | 17.1% | 17.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 11M | 8.5M | 8.3M | -344M | 29M | 11M | 9.0M | -39M | -36M |
| Op. Margin | 3.7% | 2.9% | 2.1% | -60.7% | 3.7% | 0.9% | 0.8% | -3.3% | -2.9% |
| Net Income | 9.6M | 6.3M | 5.4M | -344M | 22M | 460K | -2.2M | -49M | -45M |
| Net Margin | 3.3% | 2.2% | 1.4% | -60.6% | 2.8% | 0.0% | -0.2% | -4.0% | -3.7% |
| Non-Recurring | 0 | 0 | 0 | 338M | 0 | 0 | 0 | 46M | 46M |
| Returns on Capital | |||||||||
| ROIC | 25.8% | 14.1% | 0.9% | -98.9% | 6.5% | 5.1% | 2.2% | -14.2% | -8.2% |
| ROE | 37.4% | 21.3% | 0.9% | -132.6% | 7.6% | 0.2% | -0.8% | -18.4% | -19.0% |
| ROA | 12.0% | 7.7% | 0.7% | -70.0% | 3.7% | 0.1% | -0.4% | -8.5% | -7.6% |
| Cash Flow | |||||||||
| Op. Cash Flow | 15M | 12M | 4.7M | 46M | 18M | 31M | -1.6M | 23M | 30M |
| Free Cash Flow | 13M | 8.9M | -169K | 45M | 15M | 25M | -5.2M | 10M | 17M |
| Owner Earnings | 13M | 9.8M | -2.1M | 27M | -2.3M | 5.1M | -31M | -6.1M | 1.7M |
| CapEx | 2.3M | 3.1M | 4.8M | 664K | 2.2M | 6.3M | 3.5M | 13M | 13M |
| Maint. CapEx | 2.0M | 2.1M | 6.8M | 19M | 19M | 25M | 26M | 27M | 27M |
| Growth CapEx | 260K | 941K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.0M | 2.1M | 6.8M | 19M | 19M | 25M | 26M | 27M | 27M |
| CapEx/OCF | 14.8% | 25.7% | 103.6% | 1.5% | 12.6% | 20.1% | N/A | 55.4% | 43.2% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | 0 | 635K | 1.3M | 3.4M | 2.1M | 2.1M |
| Debt Repayment | 1.9M | 3.6M | 6.3M | 6.6M | 6.6M | 11M | 7.6M | 5.5M | 5.5M |
| Balance Sheet | |||||||||
| Net Debt | 14M | 13M | 21M | 94M | 87M | 122M | 114M | 109M | 107M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | 14M | 13M | 19M | 88M | 82M | 115M | 109M | 103M | 103M |
| Debt/Equity | 0.55 | 0.39 | 0.04 | 0.36 | 0.30 | 0.42 | 0.40 | 0.45 | 0.45 |
| Interest Coverage | 8.2 | 6.2 | 5.0 | -79.6 | 7.2 | 1.4 | 0.8 | -3.4 | -3.4 |
| Equity | 26M | 33M | 603M | 259M | 291M | 292M | 287M | 239M | 239M |
| Total Assets | 81M | 82M | 803M | 491M | 597M | 638M | 597M | 550M | 595M |
| Total Liabilities | 54M | 48M | 195M | 227M | 302M | 341M | 309M | 309M | 354M |
| Intangibles | N/A | N/A | 593M | 69M | 80M | 85M | 85M | 39M | 39M |
| Retained Earnings | 4.3M | 10M | 16M | -328M | -306M | -307M | -309M | -357M | -357M |
| Working Capital | 11M | 25M | 41M | 19M | 4.3M | 34M | 36M | 33M | 33M |
| Current Assets | 50M | 59M | 151M | 99M | 160M | 198M | 179M | 178M | 178M |
| Current Liabilities | 39M | 34M | 110M | 80M | 155M | 164M | 143M | 145M | 145M |
| Per Share Data | |||||||||
| EPS | 0.48 | 0.30 | 0.22 | -6.59 | 0.43 | 0.01 | -0.04 | -0.92 | -0.86 |
| Owner EPS | 0.66 | 0.47 | -0.09 | 0.51 | -0.04 | 0.11 | -0.57 | -0.12 | 0.03 |
| Book Value | 1.28 | 1.59 | 24.63 | 4.97 | 5.65 | 6.34 | 5.27 | 4.54 | 4.51 |
| Cash Flow/Share | 0.76 | 0.57 | 0.19 | 0.88 | 0.34 | 0.68 | -0.03 | 0.43 | -0.35 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 20.1M | 21.0M | 24.5M | 52.1M | 51.5M | 46.0M | 54.4M | 52.7M | 53.0M |
| Valuation | |||||||||
| P/E Ratio | 20.6 | 44.9 | 90.1 | N/A | 18.8 | 375.0 | N/A | N/A | -2.5 |
| P/FCF | 15.2 | 31.8 | N/A | 9.2 | 27.2 | 6.9 | N/A | 16.7 | 6.5 |
| EV/EBIT | 19.3 | 34.6 | 61.3 | N/A | 17.1 | 27.9 | 45.8 | N/A | N/A |
| Price/Book | 7.7 | 8.5 | 0.8 | 1.6 | 1.4 | 0.6 | 1.0 | 0.7 | 0.5 |
| Price/Sales | 0.7 | 0.8 | 1.1 | 0.9 | 0.4 | 0.2 | 0.2 | 0.2 | 0.1 |
| FCF Yield | 6.6% | 3.1% | -0.0% | 10.8% | 3.7% | 14.5% | -1.7% | 6.0% | 15.4% |
| Market Cap | 198M | 282M | 486M | 416M | 417M | 173M | 296M | 169M | 112M |
| Avg. Price | 9.89 | 11.38 | 17.27 | 9.80 | 6.71 | 5.47 | 4.34 | 3.58 | 2.11 |
| Year-End Price | 9.87 | 13.47 | 19.83 | 7.98 | 8.09 | 3.75 | 5.45 | 3.20 | 2.11 |
HF Foods Group Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 6.5x vs a median of 16.0x. The company's 5-year average gross margin is 17.8%. At current prices, the estimated annualized return to fair value is -4.5%.
HF Foods Group Inc. (HFFG) has a 5-year average return on invested capital (ROIC) of -19.9%. This is below average and may indicate limited pricing power.
HF Foods Group Inc. (HFFG) has a market capitalization of $112M. It is classified as a small-cap stock.
HF Foods Group Inc. (HFFG) does not currently pay a regular dividend.
HF Foods Group Inc. (HFFG) operates in the Wholesale-Groceries & Related Products industry, within the Consumer Defensive sector.
HF Foods Group Inc. (HFFG) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
HF Foods Group Inc. (HFFG) has a net profit margin of -4.0%. The company is currently unprofitable.
HF Foods Group Inc. (HFFG) generated $10 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HF Foods Group Inc. (HFFG) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
HF Foods Group Inc. (HFFG) reported earnings per share (EPS) of $-0.92 in its most recent fiscal year.
HF Foods Group Inc. (HFFG) has a return on equity (ROE) of -18.4%. A negative ROE may indicate losses or negative equity.
HF Foods Group Inc. (HFFG) has a 5-year average gross margin of 17.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 8 years of financial data for HF Foods Group Inc. (HFFG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HF Foods Group Inc. (HFFG) has a book value per share of $4.54, based on its most recent annual SEC filing.