Village Farms International, Inc.
Rank #346Op. LeverageVFF · Nasdaq · Consumer Defensive
Village Farms International, Inc. (VFF) — Rank #346 by gross profitability (GP/assets 0.20) · ROE 11.0% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0001584549 · all metrics point-in-time as of the filing date.
About
Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America and Netherlands.
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It operates in five segments: Cannabis-Canada, Cannabis-U.S., Cannabis Netherlands, Produce, and Clean Energy. It produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power. The company also markets and distributes its products under the Village Farms brand name to retail supermarkets and fresh food distribution companies. In addition, it produces and supplies cannabis products to designated coffee shops. Village Farms International, Inc.
was founded in 1989 and is headquartered in Lake Mary, Florida.
- Industry
- Farm Products
- Sector
- Consumer Defensive
- State
- A6
- Filer Category
- Accelerated filerSmaller reporting company
- Fiscal Year End
- December 31
- Website
- villagefarms.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$344.24M
P/E (annual)
10.4
P/S (annual)
1.6
P/B
1.2
P/OCF (annual)
5.9
Shareholder Yield
-6.4%
Employees
1,128
Industry
Farm Products
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds3 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-4.4%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 6.4% — per-share value needs a total required return of 2.0% once share-count change is priced in.
vs. own 6-year median revenue growth: 13.9%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-8.0%
r = 10% (base)
-4.4%
r = 12%
-1.3%
Net debt / market cap: -9.9%
Note: current FCF margin is 2.0σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Operating margin expansion and free cash flow are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.20
Primary signal (Novy-Marx).
Return on equity
11.0%
Gross margin
40.6%
Revenue growth (YoY)
10.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-9.7%
Revenue CAGR (5Y)
4.9%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.35
Current ratio
3.17×
Quick ratio
2.08×
Net cash
$32.97M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$39.89M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.23
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.8%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).