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← CockpitCompetitor Analysis › HLF.TO High Liner Foods IncorporatedOpen in the cockpit ↗

High Liner Foods IncorporatedHLF.TOCompetitor analysis, valuation and peers

Canada · CAD·Consumer Staples›Food: Meat/Fish/Dairy
Momentum leader 100
Mkt cap
$536M
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$3.44M
20-day average traded
Fwd P/E
8.7×
forward earnings
ROIC−WACC
+0.0 pp
WACC 5.7%
Hurdle
-2 pp
Req g minus delivered
Next earnings
5 days
11 Nov 2026
Close · CADC$26.82
1D+0.1%
1W+0.1%
1M+87.0%
3M+84.1%
6M+90.8%
YTD+81.2%
1Y+60.8%
ATR %2.2%
52w lowhigh0.3% off high

What High Liner Foods does

Employees: 1,206

High Liner Foods at a glance

Size High Liner Foods (HLF.TO) is a Canada Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $536M, the 332nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$26.82 on 6 Nov 2026.

Performance Over six months the shares gained 90.8%, against -6.3% for the median peer and +5.2% for the Canada market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 14.2% over the last twelve months (peer median +8.2%); the operating margin is 5.1% (peer median 3.0%).

Valuation It trades at 8.7× forward earnings against a peer median of 27.1× (3rd cheapest of 16).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.0 points above its cost of capital (5.7% WACC).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026HLF.TO 192Peer median 93
Six months, rebased to 100: High Liner Foods against the median of its 20 peers (local-currency closes).

High Liner Foods financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$1.55BC$1.43BC$1.31BC$1.46BC$1.39B
Revenue growth—+9%-10%+5%—
Gross profitC$275MC$277MC$280MC$270MC$278M
EBITDAC$115MC$123MC$132MC$124MC$129M
Net incomeC$35.8MC$51.1MC$82.4MC$42.8MC$71.3M
Free cash flowC$11.1M-C$10.8MC$91.5MC$216M-C$126M
Capital expenditureC$55.5MC$54.1MC$32.6MC$25.7MC$26.9M
Total debtC$464MC$409MC$329MC$334MC$516M

Quarterly statements and history in the cockpit →

High Liner Foods competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%+75%0%+50%AACMAS0023218043005180600419DODLA002702PARAGMILKHERITGFOOD6003591301SAVEHLF.TO6-month return →1-month return →
Up and to the right = strong over both horizons. High Liner Foods is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×50×100×AACMAS8043005180600419DODLAMAMAPARAGMILK0029820025702281300898SAVELWAYHLF.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. High Liner Foods is the large dot.

Capital: growth delivered against growth the price implies

0%+10%+20%+30%0%20%MAS600419DODLAMAMA0027020025702281300898SAVEHLF.TOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. High Liner Foods is the large dot.

High Liner Foods competitors and peer comparison

How High Liner Foods compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

High Liner Foods against its 20 peers (data as of 6 Nov 2026)
MeasureHLF.TOPeer medianRank in peer set
1-month return+87.0%-1.4%highest of 21
6-month return+90.8%-6.3%highest of 21
Distance from 52-week high-0.3%-23.2%2nd highest of 21
Revenue growth (TTM)+14.2%+8.2%6th highest of 21
Operating margin5.1%3.0%6th highest of 21
Forward P/E8.7×27.1×3rd cheapest of 16
Growth the price implies (Req g, 7 yrs)3.5%17.4%4th least demanding of 10
Growth delivered (Del g)+5.3%+6.2%5th lowest of 10
Hurdle (Req g minus delivered)-1.8 pp+5.9 pp5th least demanding of 10
ROIC minus cost of capital+0.0 pp-0.7 pp9th highest of 21
EV / EBITDA10.4×17.1×3rd cheapest of 10
Net debt / EBITDA3.9×0.7×4th most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
High Liner Foods HLF.TOCanada$536M+91%+14%5%8.7×3.5%+5.3%
Australian Agricultural AAC.AXAustralia$553M+2%+9%-47%94.6×n/an/a
Masoval AS MAS.OLNorway$508M+16%-1%4%45.6×28.2%+22.3%
Henan Huaying Agricultural Development 002321.SZChina$569M-16%+24%1%n/an/an/a
Starzen 8043.TJapan$574M+36%+4%2%9.4×n/an/a
Binggrae 005180.KSSouth Korea$472M+9%+4%9%6.3×n/an/a
Xinjiang Terun Dairy 600419.SSChina$465M+2%+5%5%26.8×-4.3%+9.4%
Dodla Dairy DODLA.NSIndia$625M-14%+17%4%28.6×33.7%+16.2%
Mama's Creations MAMAUnited States$632M+2%+54%5%46.4×17.6%+33.3%
HaiXin Foods 002702.SZChina$444M-10%+11%-1%n/a22.8%-1.0%
Parag Milk Foods PARAGMILK.NSIndia$435M+42%+13%5%27.6×n/an/a
Hunan Xiangjia Animal Husbandry 002982.SZChina$425M-4%+8%2%69.8×n/an/a
Beingmate 002570.SZChina$680M-16%-4%3%28.3×11.8%+0.8%
Prima Meat Packers,Ltd 2281.TJapan$724M-9%+5%2%12.8×-1.2%+1.9%
Heritage Foods HERITGFOOD.NSIndia$366M+2%+14%3%27.1×n/an/a
Panda Dairy 300898.SZChina$356M-20%+15%10%18.8×17.4%+3.4%
Xinjiang Talimu Agriculture Development 600359.SSChina$348M-20%-20%-5%n/an/an/a
Kyokuyo 1301.TJapan$331M-3%+11%3%n/an/an/a
Savencia SAVE.PAFrance$871M-11%-2%3%5.4×-3.8%+6.2%
Lifeway Foods LWAYUnited States$327M-15%+26%6%27.1×n/an/a
Marudai Food 2288.TJapan$325M-10%+1%3%n/an/an/a

Questions

Which companies are High Liner Foods's closest peers?
The cockpit's peer set: Australian Agricultural (AAC.AX), Masoval AS (MAS.OL), Henan Huaying Agricultural Development (002321.SZ), Starzen (8043.T), Binggrae (005180.KS), Xinjiang Terun Dairy (600419.SS), Dodla Dairy (DODLA.NS), Mama's Creations (MAMA).
Is High Liner Foods expensive compared with its peers?
On forward p/e it trades at 8.7× against a peer median of 27.1×, 3rd cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has High Liner Foods stock performed?
Over six months to 6 Nov 2026 the shares returned +90.8% against -6.3% for the median peer; over one year +60.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.