Happy Belly Food Group (HBFG) AI Stock Analysis

• Market Cap: C$200.07M
• Dividend Yield: N/A
• Average Volume (3M): 149.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: 212.16%
• EPS Growth: -46.40%
• Country: CA
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.00
• Shares Outstanding: 130,764,270
• 10 Day Avg. Volume: 144,384
• 30 Day Avg. Volume: 149,781
• PEG Ratio: -5.46
• Price to Book (P/B): 67.59
• Price to Sales (P/S): 16.23
• P/FCF Ratio: -142.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.49
• Price Target Upside: 62.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.02
• Revenue Forecast (FY): C$38.00M

• Rating: 45 Neutral
• Price Target: C$2.00 ▲(30.72% Upside)
• Action: Reiterated Date: 12/11/25
• Date: Action: Reiterated 12/11/25

Happy Belly Food Group's overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant profitability and cash flow challenges. Technical analysis indicates a bullish trend, but overbought signals suggest caution. The valuation is weak due to a negative P/E ratio and lack of dividend yield.

Positive Factors

Revenue growth & strong gross margins

Sustained top-line expansion plus a 64.7% gross margin indicate strong product economics and pricing power. That combination supports scalable profitability if operating costs are controlled, enabling durable reinvestment in product development, distribution, and marketing over the next 2–6 months.

Negative Factors

High leverage

A debt-to-equity ratio above 3x materially constrains financial flexibility and raises refinancing and interest-rate risks. Elevated leverage increases the chance that operational hiccups or slower sales will pressure liquidity and limit strategic investments over the coming months.

Happy Belly Food Group Business Overview & Revenue Model

Company Description

Happy Belly Food Group Inc., a health and wellness company, provides plant-based food products in Canada. It offers breakfast cereal and other plant-based food products under the Holy Crap and Yamchops brands. The company was formerly known as Pla...

Read more

Happy Belly Food Group Inc., a health and wellness company, provides plant-based food products in Canada. It offers breakfast cereal and other plant-based food products under the Holy Crap and Yamchops brands. The company was formerly known as Pla...

How the Company Makes Money

Happy Belly Food Group generates revenue through multiple streams, primarily by selling its proprietary food and beverage products to retail and food service customers. The company partners with grocery chains, convenience stores, and restaurants,...

Read more

Happy Belly Food Group generates revenue through multiple streams, primarily by selling its proprietary food and beverage products to retail and food service customers. The company partners with grocery chains, convenience stores, and restaurants,...

Happy Belly Food Group Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	20.28M	9.07M	5.41M	2.73M	1.20M	102.13K
Gross Profit	13.21M	5.46M	2.96M	1.21M	606.57K	102.13K
EBITDA	102.57K	-938.00K	-678.00K	-1.94M	-26.00M	-4.27M
Net Income	-2.19M	-2.36M	-1.92M	-2.74M	-26.58M	-4.38M
Balance Sheet
Total Assets	15.52M	9.34M	5.85M	4.28M	3.67M	5.29M
Cash, Cash Equivalents and Short-Term Investments	3.35M	3.56M	1.58M	1.16M	1.01M	4.14M
Total Debt	8.48M	5.20M	5.34M	2.90M	338.02K	70.22K
Total Liabilities	12.15M	6.91M	6.41M	3.50M	592.71K	799.24K
Stockholders Equity	2.46M	2.18M	-723.22K	716.50K	3.05M	4.49M
Cash Flow
Free Cash Flow	684.51K	-1.03M	-1.08M	-1.74M	-4.18M	-1.80M
Operating Cash Flow	1.83M	-888.54K	-722.92K	-1.62M	-4.18M	-1.78M
Investing Cash Flow	-1.72M	-12.73K	-350.68K	-31.03K	-664.55K	144.59K
Financing Cash Flow	-409.35K	3.12M	1.24M	1.82M	1.64M	5.47M

Happy Belly Food Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HBFG, the sentiment is Negative. The current price of 1.53 is below the 20-day moving average (MA) of 1.61, below the 50-day MA of 1.70, and below the 200-day MA of 1.56, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 39.59 is Neutral, neither overbought nor oversold. The STOCH value of 37.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HBFG.

Happy Belly Food Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFI	73 Outperform	C$3.73B	5.72	11.72%	4.95%	-0.03%	497.79%
SAP	70 Outperform	C$17.73B	19.22	-1.32%	1.89%	5.37%	-135.85%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HLF	61 Neutral	C$406.08M	8.64	8.89%	4.83%	6.15%	-36.76%
HBFG	45 Neutral	C$200.07M	-174.75	-92.94%	―	212.16%	-46.40%
ISTK	―	C$64.29M	-20.16	81.87%	―	30.02%	35.29%
PBH	46 Neutral	C$4.31B	112.26	3.82%	3.34%	13.05%	-33.72%

Happy Belly Food Group Corporate Events