Obermatt

Where Food Comes From

NAQ:WFCF · US96327X2009
Professional ServicesSmall

360

55
Medium confidence — indicative
EV / EBIT11
Price / Owner Earnings13
Owner Earnings Yield44
Dividend Yield1
Price/Sales39
EV / Gross Profit9
Price/Book34
Return on Capital65
Cash Return on Capital88
Return on Equity80
EBIT Margin62
Gross Profitability83
Cash Conversion13
Accruals82
Owner Earnings Margin69
Sales growth32
Profit Growth67
Long-Term EPS Growth13
Owner Earnings Growth36
Reinvestment74
Price momentum67
Debt load82
Refinancing41
Debt Payback100
Liquidity100
Analyst ratings
Expectations trend
Market mood12
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Where Food Comes From clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryProfessional Services
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded1998
Employees54
ISINUS96327X2009
Last UpdateApr 2, 2026
Themes
OrganicLivestockAgriTechConsumer ResearchAquacultureFarmingFood Processing

Description

Where Food Comes From, Inc. and its subsidiaries (WFCF) is an independent, third-party traceability and verification provider. The company is a resource for third-party verification of food production practices in North America. The company estimate…

Analysis

Hope premium

Where Food Comes From, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 30.5×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
35
2026

All-time high

35

Jun 2026

All-time low

25

Mar 2026

Average rank

30

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
39
Price/Earnings
23
Price/Book
34
Dividend Yield
1
Value (overall)
10

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →