One-glance verdict
Within fair range
$2.75 our estimate vs market $3.87
Wall Street consensus: $7.17 (160.5% higher than our fair-value estimate)
41% above our estimate
Fundamentals snapshot
Laird Superfood, Inc.
LSF · ASE · Consumer Defensive · Packaged Foods
Current price
$3.87
52-week range
$1.96 - $6.50
Market cap
$43.32M
Balance sheet
Healthy
-70.10x Concerning
Net cash $19.21M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
1 Risk
2 rewards · 1 risks
- Reward Revenue grew 63.3% last year.
- Reward Free cash flow was positive in 1/10 years.
- Risk Return on equity was -4.1% last year — the company lost money on shareholders' equity.
What this company does
Laird Superfood, Inc.
Laird Superfood sells plant-based health foods, like coffee creamers and nutritional supplements, directly to people who shop online. The company makes most of its money through its own website and other online stores, which means its success depends on attracting customers through digital advertising rather than competing for shelf space in grocery stores.
How the company got here
Laird Superfood was co-founded in 2015 by big-wave surfer Laird Hamilton. For years, he had been mixing plant-based fats and other natural ingredients into his morning coffee to sustain his energy during long surfing sessions. After sharing his special coffee recipe with friends and family, he partnered with Paul Hodge to create the company and bring his plant-based food and beverage products to a wider audience. The company went public with an initial public offering (IPO), meaning it started selling shares of stock to the public, in September 2020. Recently, the company has been focused on growing by acquiring other companies, such as Navitas and Terrasoul Superfoods, to expand its product offerings.
What it actually does
Laird Superfood creates and sells a variety of plant-based food products designed to be both nutritious and delicious. Their offerings include things an everyday shopper would recognize, like powdered coffee creamers, coffee, hot chocolate, and baking mixes. They also sell hydration products like coconut water, as well as nutritional supplements such as performance mushrooms. The company focuses on using clean, simple, and natural ingredients in all of its products.
Wholesale
This part of the business sells Laird Superfood products in bulk to other businesses, rather than directly to individual customers. These businesses include grocery stores, club stores, and other retail outlets where you might shop. This is a major part of their business, making up about half of their sales. The company has been focused on expanding the number of stores that carry its products to reach more customers.
E-commerce
This segment covers all of the company's online sales, which is a significant portion of its business, contributing nearly half of its total sales. This includes sales directly from the company's own website, lairdsuperfood.com, where they can create a strong brand experience and interact with customers. It also includes sales through large third-party online marketplaces like Amazon.com.
What management is betting on now
The company's main focus is on building a larger, more diverse platform of healthy food and beverage brands. A key part of this strategy is acquiring other companies in the superfood and functional nutrition space, like the recent purchases of Navitas and Terrasoul. Management believes these acquisitions will help them grow their product offerings and reach a wider range of customers through both online and retail channels. They are also concentrating on expanding the distribution (the number of stores and online platforms) of their core Laird Superfood products.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$314.47K
FY2025 Q1
$-1.35M
FY2025 Q2
$-2.84M
FY2025 Q4
$64.23K
FY2026 Q1
$-3.84M
FY2026 Q2
$1.41M
Revenue
$41.29M
Net income
$-1.81M
Diluted EPS
-0.25
Operating cash flow
$1.45M
Free cash flow
$1.41M
Fetching…
Sources
Revenue
$13.94M
Net income
$1.75M
Diluted EPS
0.11
Operating cash flow
$-3.83M
Free cash flow
$-3.84M
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Sources
Revenue
$13.35M
Net income
$-1.76M
Diluted EPS
—
Operating cash flow
$68.42K
Free cash flow
$64.23K
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Sources
Revenue
$12.90M
Net income
$-975.07K
Diluted EPS
—
Operating cash flow
$1.25M
Free cash flow
—
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Sources
Revenue
$11.99M
Net income
$-362.18K
Diluted EPS
-0.03
Operating cash flow
$-2.83M
Free cash flow
$-2.84M
Fetching…
Sources
Revenue
$11.65M
Net income
$-156.18K
Diluted EPS
-0.02
Operating cash flow
$-1.27M
Free cash flow
$-1.35M
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Sources
Revenue
$11.61M
Net income
$-398.44K
Diluted EPS
—
Operating cash flow
$339.24K
Free cash flow
$314.47K
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Sources
Revenue
$11.78M
Net income
$-166.12K
Diluted EPS
—
Operating cash flow
$305.84K
Free cash flow
—
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Sources
Is it cheap or expensive?
Fair value $2.75 vs current price $3.87
Wall Street consensus is the average analyst price target: $7.17 (160.5% higher than our fair-value estimate).
Our most-likely fair value is $2.75 a share — about 28.9% away from today's price of $3.87, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net cash $19.2M - more cash than debt. Interest coverage -70.1x.
Net debt
$-19.21M
Interest coverage
-70.10x
Laird Superfood, Inc. is healthier than 0 of 1 peers on balance-sheet leverage.
Healthy
Worse cushion
Baseline
Better cushion
LSF
BASELINE
Laird Superfood, Inc.
Total debt $3.76M Interest coverage -70.10x This is the baseline the peer rows are being compared against.
What you should know
The case for and against LSF
2 Rewards
1 Risk
Rewards
-
Revenue grew 63.3% last year.
-
Free cash flow was positive in 1/10 years.
Risks
-
Return on equity was -4.1% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-0.96x
P/B
3.90x
P/S
0.53x
EV/EBITDA
-21.42x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
32.4%
Operating margin
-4.5%
Net margin
-3.4%
ROE
-4.1%
ROA
-5.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.03x
Current ratio
3.05x
Quick ratio
1.57x
Total debt
$3.76M
Total cash
$22.97M
Growth
How the business has been compounding
Revenue TTM
$81.48M
Revenue 5Y CAGR
7.9%
EPS TTM
-0.36
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-1.06M
Free CF TTM
$-2.86M
FCF margin
-3.5%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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