MTY Food Group remains a core holding in my concentrated value portfolio. I continue to see strong value in MTY's current positioning and fundamentals. My thesis is supported by MTY's scale and resilient business model.
MTY Food Group Inc. (MTY:CA) Q4 2025 Earnings Call Transcript
GAAP Measures: Segment profits increased by 48% to reach $87.3 million during the quarter primarily due to a one-time catch up of gift card breakage income on unutilized gift cards. Net income attributable to owners increased to $32.1 million, or $1.40 per diluted share compared to a loss of $(55.3) million, or $(2.34) per diluted share in Q4-24.
MTY Food Group trades at a distressed multiple despite stable cash flows and a strategic review signaling a potential sale. MTY's franchise-heavy model insulates it from cost inflation, with system sales steady at $1.5bn and a robust 15% free cash flow yield. Valuation disconnect is stark: MTY trades at 6.0x–7.3x EBITDA, well below private market peers, implying 40–52% upside to a likely takeout price.
MONTREAL, Nov. 17, 2025 (GLOBE NEWSWIRE) -- MTY Food Group Inc. ("MTY", "MTY Group" or the "Company") (TSX: MTY), one of the largest franchisors and operators of multiple restaurant concepts worldwide, is responding to certain statements in the media.
MTY Food Group shares plunged after Q3 FY 2025 results, but the selloff appears overdone, given strong free cash flow and stable system-wide sales. Despite challenges at Papa Murphy's and some FSR brands, MTY's asset-light model and 8.8% FCF yield make the stock look extremely undervalued. MTY continues to reduce debt, fund dividends, and pursue selective acquisitions, with healthy performance from snack brands like Cold Stone Creamery and Wetzel's Pretzels.
MTY Food Group remains a compelling long-term value opportunity, trading at just 6x last year's free cash flow. Q3 results showed modest revenue growth and positive net store openings, but FCF/share dropped due to temporary collection delays and higher taxes, not structural issues. MTY's disciplined approach to acquisitions and focus on debt repayment over buybacks reflects prudent management amid a challenging restaurant industry environment.
MTY Food Group Inc. (TSX:MTY:CA ) Q3 2025 Earnings Call October 10, 2025 8:30 AM EDT Company Participants Eric Lefebvre - CEO, President & Non-Independent Director Renée St-Onge - Chief Financial Officer Conference Call Participants Vishal Shreedhar - National Bank Financial, Inc., Research Division Derek Lessard - TD Cowen, Research Division Ryland Conrad - RBC Capital Markets, Research Division Michael Glen - Raymond James Ltd., Research Division John Zamparo - Scotiabank Global Banking and Markets, Research Division Presentation Operator Good morning, and welcome to the MTY Food Group 2025 Third Quarter Results Earnings Call.
GAAP Measures: Segment profits increased by 2% to reach $73.2 million during the quarter. Net income attributable to owners decreased to $27.9 million, or $1.22 per diluted share compared to $34.9 million, or $1.46 per diluted share in Q3-24.
MONTREAL, Oct. 03, 2025 (GLOBE NEWSWIRE) -- (TSX: MTY) OPEN TO : Analysts, investors and all interested parties DATE: Friday, October 10, 2025 TIME: 8:30 AM Eastern Time RAPIDCONNET: To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically: https://emportal.ink/4pRAWLA CALL: 1-416-945-7677 (For all International participants) 1-888-699-1199 (For all other North American participants) Participants can access a webcast of the conference by navigating to: https://app.webinar.net/j90oK8vGrk7 THE THIRD QUARTER RESULTS WILL BE PUBLISHED OCTOBER 10, 2025, BEFORE THE CONFERENCE CALL. Please dial in 15 minutes before the conference begins.
MTY Food Group shares dropped 12% post-Q2 2025 report, but I view the reaction as overdone, similar to the Q4 2024 decline. Despite a flat store count, I see this as a positive, given MTY's history of net closures and ongoing portfolio optimization. FCF/share is consistently higher. MTY remains highly cash generative, trading at just 7x P/FCF, with a resilient, asset-light business model that supports long-term value.
MTY Food Group's Q2 results disappointed the market, but its asset-light, cash-generating model remains resilient, despite headwinds in US fast-food and corporate stores. The company faces ongoing challenges from underperforming brands like Papa Murphy's, Barrio Queen, and Granite City, but continues to generate strong free cash flow and shareholder returns. MTY trades at a significant discount to peers, with a P/CF ratio near 6x and a total potential return of 36% when factoring in dividends and buybacks.
MTY Food Group Inc. (OTCPK:MTYFF) Q2 2025 Earnings Conference Call July 11, 2025 8:30 AM ET Company Participants Eric Lefebvre - CEO, President & Non-Independent Director Renee St-Onge - Chief Financial Officer Conference Call Participants Derek J. Lessard - TD Cowen, Research Division John Zamparo - Scotiabank Global Banking and Markets, Research Division Michael W.
(1) This is a non-GAAP measure. Please refer to the “Non-GAAP Measures” section at the end of this press release . (2) See section “Definition of supplementary financial measures” found at the end of this press release. (3) See section “Definition of non-GAAP ratios” found in the Supplemental Information section for definition.
MONTREAL, July 03, 2025 (GLOBE NEWSWIRE) -- Participants can access a webcast of the conference by navigating to: https://app.webinar.net/qbJkYWM48pD
MONTREAL, June 30, 2025 (GLOBE NEWSWIRE) -- MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY), franchisor and operator of multiple concepts of restaurants, has been informed that the Toronto Stock Exchange (“TSX”) has approved the renewal of MTY's normal course issuer bid (“NCIB”).
MTY Food Group is deeply undervalued, trading at just 7x free cash flow, despite strong fundamentals and ongoing buybacks at rock-bottom valuations. The market's pessimism is overblown. MTY's asset-light franchisor model generates resilient, growing cash flows, and dividends. Key risks are high interest expenses and debt, but manageable payout ratios provide a margin of safety at current prices.
MONTREAL, May 05, 2025 (GLOBE NEWSWIRE) -- MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to report the results from the votes from its shareholders for the 2025 Annual General Meeting of Shareholders held on Friday May 2, 2025 (the ‘'Meeting'').
MTY Food Group's share price has dropped another 15% since my first analysis, presenting a buying opportunity with a P/FCF ratio of just 6.83x. Despite mixed financial results, MTY remains highly cash-generative, with free cash flow increasing by 17.89% year-over-year, and FCF/share up 23.02% in the latest quarter. The company is actively buying back shares and paying down debt, boosting shareholder returns, but high interest expenses pose a significant risk.
MTY Food Group Inc. (OTCPK:MTYFF) Q1 2025 Earnings Conference Call April 11, 2025 8:30 AM ET Company Participants Eric Lefebvre - CEO Renee St-Onge - CFO Conference Call Participants Vishal Shreedhar - National Bank Derek Lessard - TD Cowen John Zamparo - Scotiabank Michael Glenn - Raymond James Operator Good morning, and welcome to the MTY Food Group 2025 First Quarter Results Earnings Call. At this time, all participants are in a listen-only mode.