Village Farms International, Inc. (VFF) stock analysis
Close on Nov 11, 2026Market cap $328.95MP/E 14.9Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed12 of 30 checks passed
Village Farms International passes 12 of the 30 checks behind our score; 12 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 4/6
- Growth
- 2/6
- Past performance
- 4/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 44.3% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $2.69 is below our fair value estimate of $4.83.
Earnings grew over 5 years
Net income grew 22.8% a year on average over the last five fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 33.6% of total debt.
What to watch
Return on equity under 15%
Return on equity was 7.6% over the last twelve months and averaged -8.6% over five years; we look for 15% on both.
Revenue growing under 10% a year
Revenue grew -9.7% a year over the last three fiscal years, short of the 10% we look for.
Earnings growth not accelerating
Net income grew 5.0% over the last twelve months, against a 5-year average of 22.8% a year.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.32; above 3 is the safe zone and below 1.8 the distress zone.
Valuation4/6
P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
Village Farms International's P/E of 14.9 is below the Consumer staples median of 23.3.
EV/EBITDA below its 5-year median
Village Farms International's EV/EBITDA of 5.6 is below its 5-year median of 11.4.
P/S above the industry
Village Farms International's price-to-sales of 1.43 is above the Consumer staples median of 0.72 (book value is negative, so we use sales).
Trading below fair value
The share price of $2.69 is below our fair value estimate of $4.83.
Margin of safety over 20%
The price is 44.3% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growing under 10% a year
Revenue grew -9.7% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth not accelerating
Net income grew 5.0% over the last twelve months, against a 5-year average of 22.8% a year.
Growing faster than the industry
Revenue grew 9.0% over the last twelve months; the Consumer staples median is 1.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 43.1% over the last twelve months, against 35.8% a year earlier.
Past performance4/6
Return on equity under 15%
Return on equity was 7.6% over the last twelve months and averaged -8.6% over five years; we look for 15% on both.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
Village Farms International's return on equity of 7.6% is above the Consumer staples median of 0.9%.
Earnings grew over 5 years
Net income grew 22.8% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 9.7% over the last twelve months, against a 5-year average of -12.5%.
Net margin above the industry
Village Farms International's net margin of 9.7% is above the Consumer staples median of -6.7%.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 33.6% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 3.21 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.32; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Village Farms International has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$4.83
The share price is 44% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 23.3× | – | 23.3× | $4.19 | 53% |
| EV/EBITDA | 12.4× | 11.4× | 13.6× | $5.56 | 47% |
| Earnings powerleft out, too far from the others | 12.0% cost of equity | – | – | $1.18 | – |
| Fair value | $4.83 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Consumer staples median 23.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $2.37M
- Value traded per 1% price move
- $1.00M
Downside
High risk
- Typical loss in a bad month
- 26.6%
- Volatility (annualized)
- 59%
- Sharpe ratio, 1 year
- -0.45
- Beta to the S&P 500 (5Y)
- 1.43
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.2% | -9.7% | +4.9% | – | |
| Gross profit | +91.4% | +47.2% | +51.6% | – | |
| Net income | – | – | +22.8% | – | |
| EPS, diluted | – | – | +7.3% | – | |
| Free cash flow | +508.1% | – | +77.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 7.0% | – | |
| Return on assets | – | 4.3% | 8.0% | |
| Current ratio | – | 1.41 | 2.64 | |
| Debt to equity | – | 0.31 | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | – | |
| Inventory turnover | – | 5.1× | 3.1× | |
| Capex to revenue | – | 2.0% | 8.4% | |
| Diluted shares | – | 61M | 119M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Village Farms International generated $138.93M from operations and spent $72.91M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -18.3% | 0.46× | 1.54× | -13.0% |
| FY2023 | -21.3% | 0.35× | 1.54× | -11.5% |
| FY2022 | -34.5% | 0.57× | 1.45× | -28.4% |
| FY2021 | -3.4% | 0.58× | 1.50× | -3.0% |
| FY2020 | 6.8% | 0.63× | 1.62× | 7.0% |
| FY2019 | 1.6% | 0.89× | 1.54× | 2.2% |
| FY2018 | -5.0% | 1.06× | 1.88× | -9.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$32.44M
- Cash generatingOperating cash flow above zero$58.11M
- Return on assets improvedROA up on the prior year-7.7% → 8.3%
- Earnings backed by cashOperating cash flow above net income$58.11M vs $32.44M
- Less leverageLong-term debt to assets fell8.3% → 6.8%
- Better liquidityCurrent ratio rose1.86 → 2.64
- No dilutionShare count did not rise111M → 119M
- Gross margin improvedGross margin up on the prior year23.38% → 40.61%
- More efficientAsset turnover rose0.42 → 0.55
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