One-glance verdict
Within fair range
$18.90 our estimate vs market $14.23
Wall Street consensus: $22.29 (17.9% higher than our fair-value estimate)
25% below our estimate
Fundamentals snapshot
Mama's Creations, Inc.
MAMA · NCM · Consumer Defensive · Packaged Foods
Current price
$14.23
52-week range
$9.61 - $21.00
Market cap
$670.91M
Balance sheet
Healthy
15.07x Strong cushion
Net cash $125.70M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 21.5% last year.
- Reward Returns 7.5% on equity, ahead of 50% of its peers.
- Risk Stock trades 28.6% above its 5-year average P/E.
- Risk Insider ownership is only 1.7% (peer median: 18.3%).
What this company does
Mama's Creations, Inc.
Mama's Creations makes and sells ready-to-eat foods like meatballs and pasta that you find in the deli section of grocery stores. The company primarily makes money by selling these products to large supermarkets, club chains, and other major retailers. This means its success is tied to its ability to get more of its food onto the shelves of these big, well-known stores where many people shop.
How the company got here
The company started in 2009 as MamaMancini's, built around co-founder Dan Mancini's grandmother's Italian family recipes, especially her meatballs. For years, it focused on selling these Italian-style prepared foods. A major shift began in 2021 with the purchase of T&L Creative Salads and Olive Branch, which added a wider range of deli salads and olive products to its lineup. To reflect this broader focus beyond just Italian food, the company officially changed its name from MamaMancini's Holdings to Mama's Creations in August 2023.
What it actually does
Mama's Creations makes and sells a variety of fresh, ready-to-eat or easy-to-prepare foods that you would typically find in a supermarket's deli section. This includes items for the hot and cold food bars, pre-packaged meals, and grab-and-go options. Their products are sold in thousands of grocery stores, club stores like Costco, and mass-market retailers across the United States. The company aims to be a 'one-stop-shop' for supermarket delis, providing a wide range of prepared food solutions.
Prepared Foods
This is the company's core business, making up all of its sales. It operates as a single unit focused on creating and selling refrigerated prepared foods to retailers. The offerings are diverse, including the original MamaMancini's brand of meatballs and Italian entrees, as well as a variety of deli salads, olives, grilled chicken, and other ready-to-heat meals under brands like T&L Creative Salads and Crown 1. They also sell products directly to consumers through a company website. This part of the business has grown by acquiring other prepared food companies and expanding its product lines to include international flavors like Korean BBQ meatballs and General Tso's chicken.
What management is betting on now
The company's main strategy is to continue its evolution from a niche Italian food brand into a broad platform that supplies all sorts of prepared foods to supermarket delis. They are focused on getting more of their products into the stores they already work with and expanding into new major retailers like Target and Walmart. Management is also actively looking to buy other prepared food companies to add new products and manufacturing capabilities, a strategy known as M&A (Mergers and Acquisitions). A key goal is to improve profitability by making their operations more efficient and by cross-selling, which means convincing a store that buys their meatballs to also buy their salads and other offerings.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q3
$2.52M
FY2025 Q4
$-930.00K
FY2026 Q1
$5.47M
FY2026 Q2
$-2.19M
FY2026 Q3
$3.67M
FY2026 Q4
$2.81M
FY2027 Q1
$4.83M
FY2027 Q2
$5.97M
Revenue
$54.58M
Net income
$2.56M
Diluted EPS
0.06
Operating cash flow
$6.89M
Free cash flow
$5.97M
Fetching…
Sources
Revenue
$52.77M
Net income
$2.06M
Diluted EPS
0.05
Operating cash flow
$5.01M
Free cash flow
$4.83M
Fetching…
Sources
Revenue
$53.99M
Net income
$2.23M
Diluted EPS
0.06
Operating cash flow
$3.22M
Free cash flow
$2.81M
Fetching…
Sources
Revenue
$47.27M
Net income
$540.00K
Diluted EPS
0.01
Operating cash flow
$3.87M
Free cash flow
$3.67M
Fetching…
Sources
Revenue
$35.20M
Net income
$1.28M
Diluted EPS
0.03
Operating cash flow
$-1.67M
Free cash flow
$-2.19M
Fetching…
Sources
Revenue
$35.26M
Net income
$1.24M
Diluted EPS
0.03
Operating cash flow
$6.00M
Free cash flow
$5.47M
Fetching…
Sources
Revenue
$33.59M
Net income
$1.60M
Diluted EPS
0.04
Operating cash flow
$-857.00K
Free cash flow
$-930.00K
Fetching…
Sources
Revenue
$31.52M
Net income
$410.00K
Diluted EPS
0.01
Operating cash flow
$4.80M
Free cash flow
$2.52M
Fetching…
Sources
Is it cheap or expensive?
Fair value $18.90 vs current price $14.23
Wall Street consensus is the average analyst price target: $22.29 (17.9% higher than our fair-value estimate).
Our most-likely fair value is $18.90 a share — about 32.8% away from today's price of $14.23, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net cash $125.7M - more cash than debt. Interest coverage 15.1x.
Net debt
$-125.70M
Interest coverage
15.07x
Mama's Creations, Inc.'s profit covers its interest bill about 15.1 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
MAMA
BASELINE
Mama's Creations, Inc.
Total debt $12.92M Interest coverage 15.07x This is the baseline the peer rows are being compared against.
Total debt $1.03B Interest coverage 0.25x -98% vs MAMA Carries about 61.0x less debt cushion than MAMA.
Total debt $191.91M Interest coverage 67.00x +345% vs MAMA Carries about 4.4x more debt cushion than MAMA.
Total debt $448.46M Interest coverage 9.40x -38% vs MAMA Carries about 1.6x less debt cushion than MAMA.
Total debt $109.35M Interest coverage 35.80x +138% vs MAMA Carries about 2.4x more debt cushion than MAMA.
Total debt $22.47M Interest coverage 210.03x +1,294% vs MAMA Carries about 13.9x more debt cushion than MAMA.
What you should know
The case for and against MAMA
3 Rewards
2 Risks
Rewards
-
Revenue grew 21.5% last year.
-
Returns 7.5% on equity, ahead of 50% of its peers.
-
Free cash flow was positive in 9/10 years.
Risks
-
Stock trades 28.6% above its 5-year average P/E.
-
Insider ownership is only 1.7% (peer median: 18.3%).
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)
83.71x
Forward P/E
39.53x
P/B
4.01x
P/S
3.22x
EV/EBITDA
33.87x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
24.3%
Operating margin
5.5%
Net margin
3.5%
ROE
7.5%
ROA
5.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.08x
Current ratio
6.93x
Quick ratio
6.41x
Total debt
$12.92M
Total cash
$138.62M
Growth
How the business has been compounding
Revenue TTM
$208.60M
Revenue 5Y CAGR
38.2%
EPS TTM
0.17
EPS 5Y CAGR
29.4%
Cash flow
How much cash the business throws off
Operating CF TTM
$18.98M
Free CF TTM
$9.77M
FCF margin
4.7%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—