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HF Foods Group Inc., headquartered in Las Vegas, Nevada, operating through our subsidiaries (collectively HF Foods or the Company ) is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to Asian restaurants and other foodservice customers throughout the United States. We operate a national distribution platform comprised of sixteen distribution cente…
The business is unprofitable at the operating level (-2.69% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.2%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 35% versus the prior year, cash generation momentum has weakened. Net debt of $157M represents 23.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.24B
▲ +2.2% YoY
Net Income (TTM)
-$36M
▲ +19.9% YoY
Op. Margin
-2.66%
▲ +0.6pp YoY
ROIC
-6.77%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3M
▼ -35.0% YoY
Op. Cash Flow (TTM)
$34M
▲ +12.6% YoY
Net Debt
$148M
Cash & Equiv.
$11M
5Y CAGR: +16.8%
5Y CAGR: -32.0%
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