VFF
Village Farms International, Inc.
VFF's fundamentals are mixed: its operating margin rose 11 points to 15%, but revenue fell 19%. At 15x earnings, it's trading below its usual 23x. Analysts expect strong earnings growth.
VFF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Strong |
VFF's profitability and balance sheet are currently healthy, and its revenue is stable, but its cash flow is weak.
VFF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $1.76 | -31% |
| Forward | 11x | $2.54 | — |
| Current | 15x | $2.54 | — |
| Fair | 22x | $3.75 | +48% |
| Expensive | 62x | $10.55 | +315% |
Historical ranges are pointers, not guarantees.
VFF's PE is in its cheap range at 15x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
VFF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for VFF, with profitability improving.
VFF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.23 | +36% |
| Q3 2026 | $0.17 | -11% |
| Q2 2026 | $0.17 | +70% |
| Q1 2026 | $0.35 | +$0.70 |
| Q4 2025 | $0.27 | +$0.59 |
| Q3 2025 | $0.19 | +$0.65 |
| Q2 2025 | $0.10 | +$0.56 |
| Q1 2025 | -$0.35 | -$0.09 |
| Q4 2024 | -$0.32 | -$0.03 |
VFF earned $0.17 per share over the past year, down 11% from the year before.
VFF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $66.9M | +0.2% |
| Q2 2026 | $64M | +6.8% |
| Q1 2026 | $50.2M | -35% |
| Q4 2025 | $49.6M | -40% |
| Q3 2025 | $66.7M | -20% |
| Q2 2025 | $59.9M | -35% |
| Q1 2025 | $77.1M | -1.3% |
| Q4 2024 | $82.6M | +11% |
VFF's revenue has slid since its 2024 peak: $67M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -3.6 points |
| Q2 2026 | 17% | -3.3 points |
| Q1 2026 | 10% | +18 points |
| Q4 2025 | 9.1% | +22 points |
| Q3 2025 | 23% | +21 points |
| Q2 2025 | 21% | +46 points |
| Q1 2025 | -8% | -4.9 points |
| Q4 2024 | -13% | +11 points |
VFF's operating margin was 20% last quarter, down 3.6 points from the same quarter a year ago.
VFF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.6M | -66% |
| Q2 2026 | $2.6M | -90% |
| Q1 2026 | -$26M | -$17.1M |
| Q4 2025 | $300K | +$1.8M |
| Q3 2025 | $22.6M | +2126% |
| Q2 2025 | $25.9M | +859% |
| Q1 2025 | -$8.9M | -$7M |
| Q4 2024 | -$1.5M | +$2.1M |
VFF has burned cash in most quarters: −$15M over the past year, against $38M the year before.
VFF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.7% | +5.9M shares |
| 1 year | +8.3% | +10.1M shares |
| 3 years | +18% | +20.4M shares |
| 5 years | +50% | +43.7M shares |
| Available history | +141% | +76.4M shares |
VFF has 131M diluted shares, up 8.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $419,000 |
| Q1 2026 | $6.4M |
| Q4 2021 | — |
| Q3 2021 | $1M |
| Q4 2019 | — |
VFF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2022 | 24.0x | High |
| Q4 2021 | 23.0x | High |
VFF has more cash than debt.
VFF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.3 | Neutral |
| Stochastic | 51.2 | Neutral |
VFF's weekly RSI is 48 (neutral) and its Stochastic is 51 (neutral).
VFF PE vs Consumer Defensive Sector
| Metric | VFF | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 19x | 23% below |
| PE % | 24 | 18 | 6 pts above |
VFF is trading at 15x earnings, a 23% discount to the Consumer Defensive sector's median of 19x.
VFF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.71 | 6.3% below |
| 20 week MA | $2.52 | 0.8% above |
| 50 week MA | $2.81 | 9.6% below |
| 100 week MA | $2.21 | 15% above |
| 200 week MA | $1.56 | 63% above |
VFF's trend is mixed: it's above three of its five weekly moving averages, and 63% above its 200-week average.
VFF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.26 | $12.0 | +92% |
| 2021 | $12.0 | $6.55 | -45% |
| 2022 | $6.55 | $1.29 | -80% |
| 2023 | $1.29 | $0.76 | -41% |
| 2024 | $0.76 | $0.79 | +3.9% |
| 2025 | $0.79 | $3.80 | +381% |
| 2026 YTD | $3.80 | $2.54 | -33% |
VFF's yearly returns have swung widely, from +381% in 2025 to −80% in 2022. It's down 33% so far in 2026.