bullish

My Food Bag Group (MFB NZ): Meal Kits and More

535 Views22 Dec 2021 08:52
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SUMMARY
  • My Food Bag Group Ltd, one of the leading meal-kit players in New Zealand appears well-positioned to ride segment growth. It has forayed into online retail of select grocery too.
  • COVID-Led restrictions and consequent shifts in lifestyle including work-from-home and home-based learning have been strong tailwinds for sector growth across developed markets.
  • The company trades at relatively muted earnings multiples vis-a-vis global peers, despite growth in profit guidance in FY22 and the company's track record of profitability.
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