High Liner Foods Inc T.HLF

Alternate Symbol(s): HLNFF

Consumer Defensive Packaged Foods

High Liner Foods Incorporated is a Canada-based North American processor and marketer of value-added frozen seafood. It produces a range of products from breaded and battered items to seafood entrees, that are sold to North American food retailers and foodservice distributors. Its retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in grocery and club stores. It also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels. Its markets include acute care, casual dining, college & university, long term care, quick service restaurant and retirement. It is a supplier of private label value-added seafood products to North American food retailers and foodservice distributors. Its specialty products in United States and Canada include Atlantic Salmon, Fire Roasters, Pan Sear, Prepared Shrimp, and Upper Crust.

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High Liner Foods Inc

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Post by Torontojayon Jan 12, 2024 9:35am

557 Views

Post# 35823337

Ben Graham would have liked High Liner

Ok so let's go over this for a second.

We have a P/E ratio under 15 - check

The dividends have not grown compared to 5 years ago but they will grow with the 15 cent quarterly payment going forward. The company paid out 14.5 cents per share per quarter in 2018 and dropped the dividend to 5 cents by May 30th 2019. It is now back up to 15 cents per share quarterly going forward.

Price to book under 1.5 - check

eps growth over the last 5 years greater than 3% - check

I prefer to use a smoothed out version when computing eps growth. For instance, I may look at a 3 year average eps and compare that figure with a 3 year average eps taken over a 5 year period. This avoids some of the volatility that you get from year to year. I think this is a better way to look at eps growth.

Current ratio > 2 - check

Additional points:

The company has been consistently profitable over the year although there is a lot of volatility in its earnings. This volatility can be advantageous to investors picking up shares on the cheap when the opportunity presents itself.