Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
HBFG.CN
STRONG SELLREMOVEHappy Belly Food Group Inc. · Consumer Defensive · Canada · $177M · Avg Vol: $126K/d
Happy Belly Food Group is a micro-cap food brand incubator. It lacks the scale, brand equity, and consistent free cash flow generation required to meet our quality standards.
COMPANY DESCRIPTION
Happy Belly Food Group Inc. is a leading Canadian boutique food brand consolidator, specializing in the acquisition and rapid scaling of emerging quick-serve restaurant (QSR) and consumer packaged goods brands. The company's competitive moat is its highly scalable franchise model and shared-services platform, which drives operational efficiencies and rapid geographic expansion. Happy Belly operates as a high-growth consolidator in the natural, organic, and specialty food sectors.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 1.9M | 3.8M | 5.6M | 15.6M | 100.6% |
| EPS | -0.02 | -0.01 | -0.01 | -0.04 | — |
| Shares | 107.2M | 110.5M | 129.0M | 134.0M | +25.0% |
| Debt | 2.0M | 3.8M | 3.7M | 4.5M | 29.8% |
| Equity | 0.5M | -0.5M | 1.5M | 1.7M | 49.6% |
| Op CF | -1.1M | -0.5M | -0.6M | 0.7M | — |
| Inv CF | -21,898 | -0.2M | -8,988 | -1.0M | — |
| Fin CF | 1.3M | 0.9M | 2.2M | -63,448 | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Defensive, ranked by industry match, size, and score similarity. Cross-listings of HBFG.CN are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| HBFG.CN | Happy Belly Food Group Inc.(you) | $177M | 12 | STRONG SELL |
| BHST | BioHarvest Sciences Inc. Common Stock | $75M | 4 | STRONG SELL |
| HLF.TO | High Liner Foods Incorporated | $290M | 68 | BUY |
| JWEL.TO | Jamieson Wellness Inc. | $1.1B | 49 | HOLD |
| PBH.TO | Premium Brands Holdings Corporation | $3.1B | 29 | SELL |
| OGO.V | Organto Foods Inc. | $107M | 19 | STRONG SELL |
| MFI.TO | Maple Leaf Foods Inc. | $2.7B | 75 | BUY |
| PESO.V | PesoRama Inc. | $85M | 16 | STRONG SELL |
| SNDL.CN | SNDL Inc. | $373M | 17 | STRONG SELL |
| SAP.TO | Saputo Inc. | $11.6B | 56 | HOLD |
Peer medians: ROE 12.2% · P/E 18.3x · Gross margin 27.6%