Cal-Maine Foods Inc (CALM) is undervalued and Brasilagro Companhia Brasileira De Propriedade Agricola ADR (LND) is undervalued.
Against our estimates of intrinsic value, CALM trades at the wider discount: a margin of safety of +50%, against +35% for LND.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $123.12; the price of $62.04 is 50% below that value, and 83% of that value comes from beyond year five.
Leak Score 81/100 on 9 of 12 signals
Discounting its cash flows at 8.4% (average of 2 methods) values the shares at $5.69; the price of $3.68 is 35% below that value, and 78% of that value comes from beyond year five.
Leak Score 47/100 on 11 of 12 signals
| Metric | CALM | LND |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $62.04 | $3.68 |
| Intrinsic value | $123.12 | $5.69 |
| Margin of safety | +50% | +35% |
| Leak Score | 81/100 (9/12) | 47/100 (11/12) |
| Market cap | $2.9B | $367M |
| Revenue growth, 5 years | 16.6% | 7.2% |
| Operating margin | 0.7% | -0.4% |
| Net margin | 2.3% | -10.0% |
| Return on equity | 2.2% | -4.3% |
| Debt to equity | 0.00 | 0.71 |
| P/E | 52.6x | — |
| Forward P/E | 79.7x | — |
| P/B | 1.1x | 0.9x |
| Dividend yield | 4.0% | 3.8% |