HF Foods Group Inc (HFFG)
NASDAQ:HFFG
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HF Foods Group
(NASDAQ:HFFG)
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Rating:51Neutral
Price Target:
$2.00
▼(-22.78% Downside)
Action:ReiteratedDate:04/04/26
The score is held back primarily by weak financial performance driven by persistent GAAP net losses and uneven cash-flow trajectory. Offsetting this are moderately improving technical signals, a constructive earnings call with modest growth guidance and operational progress, and a positive liquidity-related credit facility extension; valuation remains constrained by loss-making results.
Positive Factors
Improving adjusted profitability
Sustained gains in adjusted EBITDA and adjusted net income indicate operational improvements and better cost control that can persist beyond a single quarter. Stronger adjusted cash earnings improve the company's ability to fund capex, support M&A, and invest in distribution capabilities, enhancing long-term earnings durability if converted to GAAP profit.
Negative Factors
Persistent GAAP net losses
Ongoing GAAP losses erode equity and constrain the company's ability to self-fund strategic initiatives long term. Until adjusted gains convert into consistent GAAP profitability, the firm faces higher financing risk, weaker returns on invested capital, and limited capacity to absorb margin shocks or fund growth without dilutive or costly capital.
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Positive Factors
Negative Factors
Improving adjusted profitability
Sustained gains in adjusted EBITDA and adjusted net income indicate operational improvements and better cost control that can persist beyond a single quarter. Stronger adjusted cash earnings improve the company's ability to fund capex, support M&A, and invest in distribution capabilities, enhancing long-term earnings durability if converted to GAAP profit.
Read all positive factors
HF Foods Group (HFFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$97.07M
Dividend YieldN/A
Average Volume (3M)84.22K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth2.21%
EPS Growth20.39%
CountryUS
Employees1,015
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)-0.73
Shares Outstanding53,043,830
10 Day Avg. Volume111,903
30 Day Avg. Volume84,223
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.56
Price to Sales (P/S)0.09
P/FCF Ratio17.35
Enterprise Value/Market Cap3.20
Enterprise Value/Revenue0.25
Enterprise Value/Gross Profit1.50
Enterprise Value/Ebitda9.10
Forecast
1Y Price Target
$6.00Price Target Upside131.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.14
Revenue Forecast (FY)$1.27B
HF Foods Group Business Overview & Revenue Model
Company Description
HF Foods Group Inc., through its subsidiaries, operates as a food service distributor to Asian restaurants located in the Southeastern, Pacific, and Mountain West regions of the United States. It distributes Asian specialty food items, meat and po...
How the Company Makes Money
HF Foods Group makes money primarily by purchasing food and foodservice products from manufacturers, growers, and other suppliers and then reselling those products to restaurants and other foodservice customers at a markup. Its core revenue stream...
HF Foods Group Earnings Call Summary
Earnings Call Date:Mar 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive tone: the company delivered modest top-line growth (2.2%) and stronger improvement in key operating metrics (adjusted EBITDA +6.9%, adjusted net income +20.9%), completed material operational and IT milestones (ERP rollout and remediation) and advanced strategic facility and M&A initiatives. However, meaningful risks remain including ongoing GAAP net losses ($38.8M), slight gross margin compression, elevated transformation-related costs, macro headwinds (tariffs, lower foot traffic), and short-term variability from ERP re-categorization. On balance, the positives around operational progress, margin expansion on an adjusted basis, and strategic investments outweigh the lowlights.Positive Updates
Revenue Growth
Net revenue increased 2.2% year over year to $1.23 billion (from $1.20 billion), driven by volume growth and pricing improvement in seafood and meat & poultry and volume growth in commodity.
Negative Updates
Ongoing GAAP Net Loss
Net loss attributable to HF Foods Group Inc. was $38.8 million in 2025 (improved from $48.5 million in 2024), indicating the company remains GAAP-loss-making despite improvements.
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Q4-2025 Updates
Positive
Negative
Revenue Growth
Net revenue increased 2.2% year over year to $1.23 billion (from $1.20 billion), driven by volume growth and pricing improvement in seafood and meat & poultry and volume growth in commodity.
Read all positive updates
Company Guidance
Management guided that 2026 should be similar to 2025, expecting low single-digit growth on the top line and low single-digit growth on the bottom line for both adjusted EBITDA and gross profit; for context, 2025 delivered net revenue up 2.2% to $1.23 billion, gross profit up 1.2% to $207.6 million (gross margin 16.9% vs 17.1% in 2024), adjusted EBITDA up 6.9% to $45.0 million, adjusted net income $16.9 million (+20.9%), adjusted EPS $0.32 (vs $0.26), DS&A of $201.8 million (16.4% of revenue), interest expense $11.5 million, and a net loss of $38.8 million (improved from $48.5 million); management expects cross-selling to drive incremental organic growth (with Atlanta cold storage capacity expanding from ~10,000 to ~20,000 sq ft, Charlotte operational in 2026, and Chicago facility ownership) and will supplement growth with disciplined tuck-in M&A in a $50 billion addressable market.HF Foods Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.23B | 1.20B | 1.15B | 1.17B | 796.88M |
| Gross Profit | 207.58M | 205.19M | 204.03M | 205.51M | 151.51M |
| EBITDA | 34.20M | -8.04M | 34.77M | 32.40M | 52.83M |
| Net Income | -38.84M | -48.51M | -2.17M | 460.00K | 22.14M |
Balance Sheet | |||||
| Total Assets | 541.53M | 549.99M | 596.52M | 637.53M | 596.95M |
| Cash, Cash Equivalents and Short-Term Investments | 8.64M | 14.47M | 15.23M | 24.29M | 14.79M |
| Total Debt | 222.62M | 209.93M | 203.32M | 224.67M | 190.68M |
| Total Liabilities | 337.94M | 308.70M | 308.54M | 341.28M | 301.96M |
| Stockholders Equity | 202.05M | 239.29M | 286.66M | 291.81M | 290.95M |
Cash Flow | |||||
| Free Cash Flow | 6.56M | 10.09M | -5.16M | 29.11M | 15.30M |
| Operating Cash Flow | 25.48M | 22.64M | -1.65M | 35.40M | 17.51M |
| Investing Cash Flow | -20.37M | -12.55M | -1.51M | -50.79M | -41.08M |
| Financing Cash Flow | -10.93M | -10.85M | -5.89M | 24.89M | 28.78M |
HF Foods Group Technical Analysis
Positive
2.59
Price Trends
1.87
Positive
2.08
Positive
2.49
Negative
Market Momentum
0.07
Negative
60.33
Neutral
50.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HFFG, the sentiment is Positive. The current price of 2.59 is above the 20-day moving average (MA) of 1.97, above the 50-day MA of 1.87, and above the 200-day MA of 2.49, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 60.33 is Neutral, neither overbought nor oversold. The STOCH value of 50.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HFFG.
HF Foods Group Risk Analysis
HF Foods Group disclosed 1 risk factors in its most recent earnings report. HF Foods Group reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
HF Foods Group Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $445.77M | 16.37 | 17.27% | 3.55% | 13.95% | 37.07% | |
71 Outperform | $3.18B | 33.24 | 13.54% | ― | 10.01% | 22.30% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $3.06B | 28.34 | -4.97% | ― | -0.44% | 6.45% | |
60 Neutral | $86.87M | -6.38 | 0.38% | 0.90% | 4.89% | -71.27% | |
57 Neutral | $13.66B | 57.89 | 7.66% | ― | 9.43% | -11.39% | |
51 Neutral | $97.07M | -0.76 | -16.91% | ― | 2.21% | 20.39% |
* Consumer Defensive Sector Average
HFFG
HF Foods Group
1.83
-1.91
-51.07%
DIT
Amcon Distributing Company
89.00
11.69
15.13%
WILC
Willi Food Inte
32.00
17.14
115.39%
CHEF
The Chefs' Warehouse
77.99
17.24
28.38%
UNFI
United Natural Foods
50.30
23.98
91.11%
PFGC
Performance Food Group
86.94
4.32
5.23%
HF Foods Group Corporate Events
Business Operations and StrategyPrivate Placements and Financing
HF Foods Group Amends and Extends Revolving Credit Facility
Positive
Apr 3, 2026
On March 30, 2026, HF Foods Group Inc., together with BR Global Holdings, Inc. and certain subsidiaries, entered into a Fifth Amendment to its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank as administrative agent and a syndi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.