Where Food Comes From, Inc. and its subsidiaries (“WFCF,” the “Company,” “our,” “we,” or “us”) is a leading trusted resource for third-party verification of food production practices in North America. The Company estimates that it supports more than approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants with a wide variety of value-added services provided through its family of verifiers. In order to have credibility, product claims such as gluten-free, non-GMO, non-hormone treated, humane handling, and others require verification by an independent third-party such as WFCF. The Company’s principal business is conducting both on-site and desk audits to verify that claims being made about livestock, aquaculture, crops and other food products are accurate.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 25M | 25M | 26M | 25M | 25M | 22M |
| Net Income | 1.5M | 1.5M | 2.1M | 2.2M | 2.0M | 3.0M |
| EPS | $0.30 | $0.30 | $0.40 | $0.39 | $0.33 | $0.48 |
| Free Cash Flow | 1.5M | 1.5M | 2.6M | 2.7M | 2.6M | 2.8M |
| ROIC | 13.5% | 18.7% | 26.3% | 23.1% | 22.7% | 21.5% |
| Gross Margin | 38.2% | 38.2% | 41.0% | 41.9% | 42.1% | 44.4% |
| Debt/Equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | $0.15 |
| Operating Income | 1.2M | 1.2M | 2.2M | 2.7M | 2.7M | 2.3M |
| Operating Margin | 4.8% | 4.8% | 8.6% | 10.7% | 10.7% | 10.5% |
| ROE | 16.5% | 16.0% | 21.3% | 18.5% | 15.2% | 22.6% |
| Shares Outstanding | 5M | 5M | 5M | 6M | 6M | 6M |
Where Food Comes From, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Where Food Comes From, Inc. trades at 41.7x trailing earnings, compared to its 15-year median P/E of 36.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 44.1x vs a median of 33.6x. The company's 5-year average ROIC is 22.5% with a gross margin of 41.5%. Total shareholder yield (buybacks) is 3.4%. At current prices, the estimated annualized return to fair value is +24.7%.
Where Food Comes From, Inc. (WFCF) has a current P/E ratio of 41.7, compared to its historical median P/E of 36.3. The stock is currently considered Fair based on its historical valuation range.
Where Food Comes From, Inc. (WFCF) has a 5-year average return on invested capital (ROIC) of 22.5%. This indicates strong capital allocation and a potential competitive advantage.
Where Food Comes From, Inc. (WFCF) has a market capitalization of $64M. It is classified as a small-cap stock.
Where Food Comes From, Inc. (WFCF) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 3.38%.
Based on historical P/E analysis, Where Food Comes From, Inc. (WFCF) appears fair. The current P/E of 41.7 is 15% above its historical median of 36.3. The estimated fair value CAGR (P/E method) is 30.3%.
Where Food Comes From, Inc. (WFCF) operates in the Services-Prepackaged Software industry, within the Technology sector.
Where Food Comes From, Inc. (WFCF) reported annual revenue of $25 million in its most recent fiscal year, based on SEC EDGAR filings.
Where Food Comes From, Inc. (WFCF) has a net profit margin of 6.2%. This is a modest margin.
Where Food Comes From, Inc. (WFCF) generated $1 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Where Food Comes From, Inc. (WFCF) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
Where Food Comes From, Inc. (WFCF) reported earnings per share (EPS) of $0.30 in its most recent fiscal year.
Where Food Comes From, Inc. (WFCF) has a return on equity (ROE) of 16.0%. This indicates the company generates strong returns for shareholders.
Where Food Comes From, Inc. (WFCF) has a 5-year average gross margin of 41.5%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Where Food Comes From, Inc. (WFCF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Where Food Comes From, Inc. (WFCF) has a book value per share of $1.82, based on its most recent annual SEC filing.