Village Farms International VFF

Name: VFF Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 17, 2026

Price at analysis: $2.81

Crucible Score

49.7

C-

Quality × Value Composite

KQI — Quality

49.5

C-

Fundamental Quality Index

KVI — Value

49.9

D+

Valuation Attractiveness Index

Crucible Verdict — VFF

Village Farms International (VFF) earns a lackluster C- grade with particularly weak growth prospects (40) and resilience (42) dragging down an otherwise mediocre profile. The company trades at fair value around $3, but CEO Steve Jump's poor 29% earnings beat rate and insider selling signal execution challenges. VFF needs to demonstrate consistent operational improvement to justify any premium valuation.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

51.6

Growth Profile

40.1

Moat Durability⚠

58.4

Management Effectiveness

46.8

Diversification & Resilience⚠

42.0

Market Position

44.0

Weakest dimension: Growth Profile (40.1)

◆ KVI Value Dimensions

DCF Margin of Safety

47.3

FCF Yield & Cash Returns

14.8

Relative Valuation

82.2

Growth-Adjusted Value

35.0

Historical Valuation

90.5

Macro Context

86.0

◆ DCF Valuation Scenarios

Bear Case

$0.85

Base Case

$2.95

Bull Case

$6.40

Price at Analysis

$2.81

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$0.85	-2.0%	3.0%	11.8%
🟢 Base	$2.95	3.0%	6.0%	11.1%
🟢 Bull	$6.40	6.0%	10.0%	10.5%

Key Assumptions: VFF has experienced significant revenue decline from $336M to $268M with persistently negative operating margins and negative FCF over the last 3-4 years. Base case assumes modest revenue recovery to ~$360M by Year 10 with gradual margin improvement to 6% operating margin as cannabis and produce segments stabilize. WACC is elevated at 11.1% reflecting high beta of 1.30 with a 5.5% ERP, plus the company's operational distress and negative cash flow history. Bear case assumes continued margin pressure and flat/declining revenue; bull case assumes successful turnaround with margins reaching 10% on revenue growth acceleration.

◆ Financial Snapshot

Profitability

Gross Margin40.6%

Operating Margin12.7%

Net Margin15.0%

ROIC2.6%

ROE-4.6%

Balance Sheet

Balance SheetCR: 2.64

Cash ConversionFCF/EPS: -0.38x

Capital IntensityCapex/Rev: 8.4%

Altman Z-Score2.38 (Grey)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR-5.3% CAGR

Earnings CAGR70.7% CAGR

Growth ConsistencyCV: 3.76

Segment Breadth2/4 growing (50%)

Quarterly TrendRev↓, Margin↑, Cash↓, WC↓, Exp↓

Earnings CredibilityConsistent Misser

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOSteve Jump · 5 years

CEO Ownership12.6%

Compensation37% performance-based

Insider ActivitySelling

Capital AllocationROIC 2.6% vs WACC 5.5%

Earnings Beat Rate29% (8/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 17, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.