GOODFOOD (FOOD.TO)
Description:
Montreal based, online grocery company / meal delivery
Share:
Current price: 8.51
Results Y/Y: 130%
618M market cap
33.83% shares held by insiders
6.80% shares held by institutions
Beta 0.04
Key notes;
-Revenues reached 100.7M in the second quarter of Fiscal 2021, an increase of 41.9M or 71% year-over-year
-Gross margin reached 30.4% for the quarter and gross profit was a record 30.6M, an increase of 12.8M or 72%
-Net loss was 4M, an increase of 0.7M compared to the same period last year, resulting in a loss per share of 0.06$
-Quarterly cash flow from operating activities totaled 5.4M, an improvement of 9.3M compared to the same period last year
-Record cash position of 163M
-Active subscribers reached 319k as at February 28 2021, an increase of 73k or 30%, compared to February 29, 2020
-Analyst 479.6M sales projected for 2022: 14.59$ stock value. Assuming 3% of Canadians use online meal delivery for the next 10’years : 3% 38M people = 1.14M potential subscribers, 1/3 target reached already
-Highest profit margins/subscriber growth of the top grocers in Canada
Important recent news:
04 feb 2021: FOOD.TO raises $60M in deal public offering of common shares:“Desjardins Capital Markets and RBC Dominion Securities Inc. pursuant to which the Underwriters have agreed to purchase from the Company, 4,800,000 common shares of the Company at a price of $12.50.
16 feb 2021: FOOD.TO has announced an expansion of its credit financing of $21 million.
Graph notes:
-Finaly broke downtrend and retested it
-EMA crossing
-RSI oversold
In conclusion:
It’s ready for a nice run boys
Description:
Montreal based, online grocery company / meal delivery
Share:
Current price: 8.51
Results Y/Y: 130%
618M market cap
33.83% shares held by insiders
6.80% shares held by institutions
Beta 0.04
Key notes;
-Revenues reached 100.7M in the second quarter of Fiscal 2021, an increase of 41.9M or 71% year-over-year
-Gross margin reached 30.4% for the quarter and gross profit was a record 30.6M, an increase of 12.8M or 72%
-Net loss was 4M, an increase of 0.7M compared to the same period last year, resulting in a loss per share of 0.06$
-Quarterly cash flow from operating activities totaled 5.4M, an improvement of 9.3M compared to the same period last year
-Record cash position of 163M
-Active subscribers reached 319k as at February 28 2021, an increase of 73k or 30%, compared to February 29, 2020
-Analyst 479.6M sales projected for 2022: 14.59$ stock value. Assuming 3% of Canadians use online meal delivery for the next 10’years : 3% 38M people = 1.14M potential subscribers, 1/3 target reached already
-Highest profit margins/subscriber growth of the top grocers in Canada
Important recent news:
04 feb 2021: FOOD.TO raises $60M in deal public offering of common shares:“Desjardins Capital Markets and RBC Dominion Securities Inc. pursuant to which the Underwriters have agreed to purchase from the Company, 4,800,000 common shares of the Company at a price of $12.50.
16 feb 2021: FOOD.TO has announced an expansion of its credit financing of $21 million.
Graph notes:
-Finaly broke downtrend and retested it
-EMA crossing
-RSI oversold
In conclusion:
It’s ready for a nice run boys