One-glance verdict
Within fair range
$10.57 our estimate vs market $12.83
Wall Street consensus: $21.88 (106.9% higher than our fair-value estimate)
21% above our estimate
Fundamentals snapshot
Mama's Creations, Inc.
MAMA · NCM · Consumer Defensive · Packaged Foods
Current price
$12.83
52-week range
$9.91 - $21.00
Market cap
$604.90M
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 23.2% above its 5-year average P/E.
- Risk Insider ownership is only 1.7% (peer median: 17.4%).
What this company does
Mama's Creations, Inc.
Mama's Creations, Inc. makes and sells fresh deli foods like meatballs, meatloaf, and prepared meals that you find in supermarkets. Their money mainly comes from selling these products to big grocery stores and food distributors, which is important because it shows how well they are doing at getting their food onto store shelves where people can buy it.
How the company got here
Mama's Creations started in 2009 as MamaMancini's, focusing on authentic Italian-style meatballs and other prepared foods, inspired by family recipes. The company went public in 2013 and began a strategic expansion through acquisitions. Key acquisitions in 2021 and 2023 broadened its product offerings into deli salads and other prepared protein items. In 2022, the company rebranded from MamaMancini's Holdings to Mama's Creations to reflect its wider ambition of becoming a comprehensive provider of refrigerated prepared foods for the deli section of grocery stores. This evolution transformed it from a single-brand Italian food company into a multi-brand platform aiming to be a one-stop-shop for deli solutions nationwide.
What it actually does
Mama's Creations manufactures and markets fresh, refrigerated prepared foods. These are ready-to-heat or ready-to-eat items typically found in the deli or prepared foods section of supermarkets. Their products are sold through various retail channels, including grocery stores, mass-market retailers, and club stores across the United States. The company aims to provide convenient meal solutions for consumers looking for quick and easy options beyond traditional center-store packaged goods.
Mama Mancini's
This is the original brand of the company, specializing in Italian-style prepared foods. It offers a range of products such as beef and turkey meatballs, meatloaf, chicken and sausage products, and pasta and rice entrees. These items are made using traditional recipes and are designed to be convenient for consumers seeking authentic Italian flavors. The Mama Mancini's brand is a cornerstone of the company's offerings and represents its heritage in the prepared foods market.
T&L Creative Salads
Acquired in 2021, T&L Creative Salads expanded Mama's Creations' portfolio into the deli salad category. This segment offers a variety of fresh, gourmet salads and other prepared foods. The addition of this brand allows Mama's Creations to cater to a broader range of consumer preferences within the refrigerated prepared foods market, complementing its existing meat-based offerings with fresh, ready-to-eat salad options.
Olive Branch
Also acquired in 2021, the Olive Branch brand brought savory products, including olives and olive mixes, into the Mama's Creations family. This segment diversifies the company's product line by adding specialty items that can be sold alongside other deli and prepared foods. These products enhance the company's ability to offer a comprehensive selection of items for the deli counter and prepared food sections in retail stores.
Chef Inspirational Foods / Crown I Enterprises
Acquired in 2023, this segment, which includes brands like Crown I Enterprises, further broadened Mama's Creations' capabilities in prepared proteins and ready-to-eat meals. This acquisition added products such as flame-grilled chicken breasts and strips, and other value-added meat and poultry solutions. It strengthens the company's position as a versatile supplier of refrigerated prepared foods, capable of meeting diverse consumer demands for convenient protein options.
What management is betting on now
Management is focused on evolving Mama's Creations into a comprehensive, one-stop-shop platform for deli solutions nationwide. This strategy involves leveraging a diverse family of brands and vertical integration to offer a wide array of prepared foods. They are prioritizing product innovation, expanding their distribution footprint, and aiming for better profit margins by streamlining operations and potentially acquiring complementary businesses. The goal is to meet the changing demands of modern consumers who increasingly seek convenient, high-quality, ready-to-eat meal options.
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.
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
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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 $10.57 vs current price $12.83
Wall Street consensus is the average analyst price target: $21.88 (106.9% higher than our fair-value estimate).
Our most-likely fair value is $10.57 a share — about 17.6% away from today's price of $12.83, 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 $397.56M Interest coverage 7.05x -53% vs MAMA Carries about 2.1x 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 23.2% above its 5-year average P/E.
-
Insider ownership is only 1.7% (peer median: 17.4%).
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)
80.19x
Forward P/E
36.66x
P/B
3.61x
P/S
2.90x
EV/EBITDA
28.19x
PEG ratio
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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
0.16
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
0.0%
Payout ratio
0.0%
Last ex-div date
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