Village Farms International Inc
VFF—
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Village Farms International Inc AI Insights
Informational only. Not investment advice.Snapshot
- FCF of 42.5M TTM (12% of revenue) on minimal capex (-11.8M) vs industry median 18M - cash generation punches above weight class[Free Cash Flow TTM]
- Operating margin 1.9% TTM vs industry median -5.7% - one of few profitable operators in structurally challenged sector[Operating Margin TTM]
- Goodwill 43.7M is 15% of equity vs tangible book 228M - balance sheet cleaner than typical ag/cannabis peers[Goodwill]
Watch Triggers
- Gross Margin TTM: Falls below 18% — Operating leverage cuts both ways - 4pt gross margin decline wipes out operating profit entirely
- Free Cash Flow TTM: Turns negative for 2 consecutive quarters — FCF generation is core bull case - loss signals capex cycle restarting or working capital deterioration
- Inventory: Exceeds 50M (46% increase) — Inventory build in perishable ag signals demand weakness or pricing pressure ahead
Bull Case
Rare profitable operator: 6.1% net margin TTM vs industry median 0% with positive ROIC 6.4% in sector where most destroy capital
Net Margin TTMROIC TTMROE TTM
Fortress balance sheet: 82.6M cash vs 39.2M debt, 0.13 D/E enables opportunistic M&A as weaker peers fail
Debt to EquityCash and EquivalentsTotal Debt
Bear Case
P/E 72.6x vs industry median 22.4x prices in perfection - any margin compression severely punishes stock
PE RatioPS Ratio
Gross margin 22% TTM vs median 9% looks good but absolute margin thin for commodity ag business with pricing pressure
Gross Margin TTMOperating Margin TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
45%
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Forward Thesis
FCF conversion to accelerate as capex cycle matures and working capital stabilizes
1-3ymed
- Capex -11.8M already below industry median
- Cash flow 54.3M TTM vs net income 21.4M shows strong conversion
- Working capital 100M provides operational buffer
FCF margin 12% vs 5% industry medianDebt/equity 0.13 vs peersCash 82.6M covers 2x total debt
Valuation Context
Caveats
VFF Fundamentals
Agriculture, Forestry, Fishing and Hunting → Crop Production
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$240.57M | — | ||
$198.09M | — | ||
0.00 | — | ||
$215.94M | -35.8% | — | |
$0.00 | — | ||
12.7% | +19.7% | — | |
15.0% | +25.7% | — | |
$31.11M | +28974.8% | — | |
11.7% | +24.7% | — | |
Beta 5Y (Monthly) | unknown | — |
VFF Dividend History
No dividends
VFF Stock Splits
No stock splits
VFF SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
03/12/26 | 12/31/25 | 10-K | |
11/10/25 | 09/30/25 | 10-Q | |
08/11/25 | 06/30/25 | 10-Q | |
05/12/25 | 03/31/25 | 10-Q | |
03/13/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
03/13/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/09/23 | 06/30/23 | 10-Q | |
05/10/23 | 03/31/23 | 10-Q | |
06/24/24 | 12/31/22 | 10-K/A | |
03/09/23 | 12/31/22 | 10-K | |
11/09/22 | 09/30/22 | 10-Q | |
08/09/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
06/24/24 | 12/31/21 | 10-K/A | |
03/01/22 | 12/31/21 | 10-K | |
11/09/21 | 09/30/21 | 10-Q | |
08/09/21 | 06/30/21 | 10-Q | |
05/10/21 | 03/31/21 | 10-Q | |
03/16/21 | 12/31/20 | 10-K | |
11/13/20 | 09/30/20 | 10-Q | |
08/13/20 | 06/30/20 | 10-Q | |
05/14/20 | 03/31/20 | 10-Q | |
04/01/20 | 12/31/19 | 10-K | |
11/15/19 | 09/30/19 | 6-K | |
08/13/19 | 06/30/19 | 6-K | |
05/09/19 | 03/31/19 | Quarterly | -- |
03/19/21 | 12/31/18 | 10-K/A | |
03/20/19 | 12/31/18 | 40-F | |
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