4 models fit Village Farms International Inc. Common Shares and they partly agree: 3 of 4 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Bronze51
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionVillage Farms International Inc. Common Shares (VFF)
Fair value (4 models)
$3.82
ACCE price target
$2.60
Rating
Undervalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $4.08 since 21 Oct 2026, 13:04 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $2.58 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
32.5% below
+48.2% to fair value
ACCE score
57
out of 100
Analysts
100% buy
4 covering
P/E
15.1x
forward 12.3x
1-year return
-18.4%
Dividend yield
0.00%
Village Farms International Inc. Common Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Village Farms grows greenhouse tomatoes, cucumbers and peppers in Texas, Canada and British Columbia, and packs and markets them under its own brands, with a cannabis cultivation business in the mix as well. The competitive edge is controlled-environment growing at scale, which gives it year-round supply and a 44.3% gross margin that most fresh-produce growers can't approach. Revenue growth of 6.8% and a 17.4% operating margin are the numbers to test, since the stock trades at 12.3x forward earnings on a $318M market cap, with no index membership to create a forced-buying floor. The score of 54/100 says this is a mixed picture, not a clean bargain, so the question for a deeper look is whether the produce margins hold while the cannabis side keeps dragging on returns, which the 7.5% ROE suggests it has been.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
high
Earnings collapsing despite revenue growth
Earnings are down 74.6% year over year while revenue grew 6.8%, so margins are being squeezed well below the level the 17.4% operating margin suggests.
moderate
Score down sharply in 90 days
The ACCE score fell 15 points, from 67 to 52, with momentum (M:23) and growth (G:28) the weakest components.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow of $32M over the last 12 months gives a 10.1% yield at the current share price, a cash return few peers match.
Revenue grew 6.8% year over year, ahead of its 4.9% average annual pace over five years, and the price implies cash flow shrinking 2.3% a year.
The stock trades at a 12.0x forward P/E against a sector median of 18.5x, and debt is light at 0.11 times equity.
Why it could disappoint
Net margin of 9.8% and return on equity of 7.5% are thin, so the business earns little on the capital it uses.
Diluted share count rose 8.3% last fiscal year, so each share owns a smaller slice of the company's earnings.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where VFF's valuation models land
Price
$2.58
Model fair value
$3.82
Model range
$3.01 to $4.32
Fair value $3.82
Price $2.58
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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