Cal-Maine Foods Inc. Common Stock (CALM)

FairStock Score: 75/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses I can understand, and Cal-Maine is simple: it produces, grades, packages, and distributes shell eggs and egg products. But simple does not mean stable. FairStock classifies it as CYCLICAL — Farm Products, with earnings that follow the economic cycle, and the filed numbers prove the point. In fiscal 2025, the year ended 2025-05-31, Cal-Maine earned $1.2B on $4.3B of revenue, or $24.95 per diluted share. By fiscal 2026, the year ended 2026-05-30, net income fell to $316.7M on $2.9B of revenue, or $6.63 per diluted share. In fiscal Q1 2027, the quarter ended 2026-08-29, revenue was $539.6M and net income was -$58.6M, or -$1.26 per diluted share. That is a violent swing. The moat is thin. Eggs are largely a commodity, though Cal-Maine's scale, distribution, and specialty shell egg mix may help. Financial health looks mixed: FairStock's Altman Z-Score is 5.65, FCF is $328.5M, FCF yield is 11.2%, and the dividend yield is 3.91%. But ROE is 2.38%, ROCE is 0.41%, and the Piotroski F-Score is 3/9. At the 2026-10-13 close of $62.71, FairStock's P/E is 50.98, P/B is 1.14, EV/EBITDA is 5.95, Graham Number is $39.38, and margin of safety is -59.24%. I see a cyclical producer with cash generation but currently depressed profits and a price not protected by a wide margin of safety.

In plain English: Cal-Maine Foods sells shell eggs and egg products, including specialty eggs. Profits are very up and down with the egg market, and the latest filed quarter showed a loss after much stronger results a year earlier. At the 2026-10-13 close of $62.71, the stock does not look cheap based on recent earnings, but it does have solid cash flow and trades near its accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-08-29) · fiscal Q3 2026 10-Q (period ended 2026-02-28) · fiscal Q2 2026 10-Q (period ended 2025-11-29) · fiscal Q1 2026 10-Q (period ended 2025-08-30) · FY2026 10-K (period ended 2026-05-30) · FY2025 10-K (period ended 2025-05-31) · FY2024 10-K (period ended 2024-06-01)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer