The Company in a Nutshell
| Date Reviewed | 12/09/2025 |
| Company Name | High Liner Foods Inc |
| Symbol | HLF.TO |
| Sector | Consumer Staples |
| Industry | Packaged Foods |
| Beta | 0.56 |
| PRO Rating | 3 |
| Dividend Safety | 3 |
Business Model
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.
| Current price | 14.63 |
| ROE | 8.95 % |
| ROIC | 7.90 % |
| Shareholder Yield | 0.65 % |
| 5-Yr Total Return | 32.60 % |
| 1-Yr Total Return | -9.35 % |
| Next Earnings Date | 05-13-26 |
Latest Quarter Information
What the CEO said:
"During the third quarter, a combination of challenging macroeconomic factors, including tariffs and related uncertainty, soft consumer sentiment, and reduced foodservice traffic, put greater pressure on margins and volumes than anticipated and led to a decline in Adjusted EBITDA compared to the prior year," said Paul Jewer, President and Chief Executive Officer of High Liner Foods. "We are taking targeted actions - including pricing adjustments, continuous improvement initiatives, and disciplined cost management - to help offset short-term pressures on the business."
What we say:
2025-12-08 High Liner Foods reported a weak quarter with both revenue and EPS down by 73.8%. The revenue increase was driven by price increases taken across the portfolio to reflect higher input costs. Year-to-date (39 weeks), sales rose 4.5% to $756.7 million from $724.2 million on slightly higher volumes, underscoring that while Q3 volumes were under pressure, pricing and the incremental contribution from the recent Conagra Brands acquisition (Mrs. Paul’s and Van de Kamp’s) are supporting revenue growth. Capital allocation in Q3 2025 balanced a modest dividend increase with heavier reinvestment and a meaningfully higher leverage profile driven by the Conagra Brands acquisition.
Investment Thesis
Dividend Triangle
| 5-Yr Rev. Growth | 5.05 % |
| 5-Yr EPS Growth | 5.75 % |
| 5-Yr Div Growth | 23.50 % |
Potential Risks
| Debt/Equity | 0.75 |
| Financial Debt to EBITDA (TTM) | 3.35 |
| Current Ratio (Quarterly) | 2.20 |
| Credit Score | 42 |
Dividend Growth Perspective
| Dividend ($) | 0.7 |
| Dividend Yield Fwd | 4.75 % |
| Dividend Frequency | Quarterly |
| Average 5-Yr Yield | 4.45 % |
| Payout Ratio (%) | 39.25 |
| Cash Payout Ratio (%) | -49.70 |
| DGR 1-Yr (TTM) | 7.80 |
| DGR 3-Yr (TTM) | 14.45 |
| DGR 5-Yr (TTM) | 23.50 |
| DGR Streak | 5 |
| Chowder Score | 28.30 |
| Next DVD PMT | 03-15-26 |
Valuation
(Data for `ddm_growth_rate_years` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
| Market Cap | 416.00 M |
| PE Ratio | 8.70 |
| Fwd PE | 7.70 |
| Price to Book Ratio | 0.75 |
| DDM Valuation | 0 |
| Average 5-Yr PE | 8.23 |
| Value Score | 87 |