Mama's Creations, Inc. (MAMA) | Investment Case

1. Company Snapshot

1.a. Company Description

Mama's Creations, Inc.manufactures and markets prepared refrigerated foods primarily in the United States.The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.

It sells its products directly to supermarkets, club chains, and mass-market retailers; and food retailers and distributors, as well as through website.The company was formerly known as MamaMancini's Holdings, Inc.and changed its name to Mama's Creations, Inc.

in August 2023.Mama's Creations, Inc.was founded in 2010 and is headquartered in East Rutherford, New Jersey.

Show Full description

1.b. Last Insights on MAMA

Mama's Creations, Inc. has shown positive momentum driven by growth prospects and strategic acquisitions. The company's focus on expanding distribution partnerships, shelf space gains, and accretive acquisitions is expected to drive growth. A recent acquisition of Crown I Enterprises, a fresh protein manufacturer, aims to expand its customer base and production capabilities. With a significant growth runway ahead, the company eyes margin gains through pricing hikes and efficiency investments. Its upcoming Q2 fiscal 2026 earnings call may provide further insights. (Source: Globe Newswire, 8-K filing)

1.c. Company Highlights

Last Price	11.47
Change Percentage	-1.80%
Open	11.74
Previous Close	11.68
Market Cap ( Millions)	431
Volume	278872
Year High	12.13
Year Low	5.5
M A 50	10.73
M A 200	8.48

FCF Yield	1.13%
Dividend Yield	0.00%
ROE	17.41%
Debt / Equity	35.56%
Net Debt / EBIDTA	12.92%
Price To Book	14.61
Price Earnings Ratio	95.55
Price To FCF	88.59
Price To sales	3.18
EV / EBITDA	49.13

2. Mama's Creations: Earnings Beat with Strategic Growth

Mama's Creations reported a strong Q2 FY26, with revenue rising 24% to $35.2 million, driven by volume gains and new customer expansions. Gross profit increased 28% to $8.8 million, reflecting operational efficiencies despite commodity headwinds. EPS came in at $0.03, beating estimates of $0.02. The company's adjusted EBITDA grew 18% to $3.3 million. With a P/E Ratio of 88.3 and P/S Ratio of 2.94, the market is pricing in significant growth expectations.

Publication Date: Sep -23

                                    📋 Highlights
                                    Q2 FY26 Revenue Growth:
                                                Revenue rose 24% to $35.2M, driven by high-ROI trade investments and geographic balance, with Crown acquisition projected to boost post-integration run rate to ~$200M.
Crown Acquisition Impact:
                                                $17.5M cash acquisition adds $56M in trailing 12-month revenue, 200 operators, and USDA-certified chicken production capabilities to accelerate the $1B revenue target.
Gross Margin Expansion</li>  
<li><b>Operational Efficiencies:
                                                Freight costs reduced 60 bps, new warehouse systems (e.g., East Rutherford) and NetSuite upgrades support margin improvement, while 20%+ growth in deli prepared foods highlights product innovation success.
Trade Spend & Margin Projections:
                                                Trade spend doubled to 2.2% in Q2 ($3M YTD vs. $1M FY25), with gross margins expected to rise from low 20s to mid-20s over 12–18 months via Crown integration synergies.

                                

Operational Highlights

The Crown acquisition, a $17.5 million all-cash deal, adds $56 million in trailing 12-month revenue and enhances chicken production capabilities. Operational execution via the 4 Cs (cost, controls, culture, and catapult) drives performance, with initiatives like freight costs down 60 bps and new centers of excellence. The integration of Crown is expected to improve gross margins from the low 20s to mid-20s over the next 12-18 months.

Strategic Growth Initiatives

Mama's Creations is focused on premium channels, with convenience expansion planned through partnerships with distributors. The success of products like chicken pesto panini at Sam's Club and expansion at Walmart to 2,000 stores highlight growth potential. The company remains committed to long-term growth, leveraging synergies, optimizing SKUs, and maintaining disciplined integration.

Valuation and Profitability

With an ROE of 17.41% and ROIC of 11.65%, Mama's Creations demonstrates strong profitability. The Net Debt / EBITDA ratio is 0.13, indicating a healthy balance sheet. As the company continues to execute on its growth strategy, investors will be watching to see if the current valuation is justified by future performance.

3. NewsRoom

Mama's Creations to Host Third Quarter Fiscal 2026 Earnings Call on December 8 at 4:30 p.m. Eastern Time

Nov -24

Source: globenewswire.com

Mama's Creations Is Pricey But Strong Growth Is Likely

Nov -06

Source: seekingalpha.com

Mama's Creations Invited to Attend Upcoming Investor Conferences

Nov -04

Source: globenewswire.com

Food Supplier Mama's Creations Turns to Dealmaking to Fuel Growth

Sep -30

Source: wsj.com

Mama's Creations Is Making Progress Toward Justifying The Stock's High P/E

Sep -10

Source: seekingalpha.com

Mama's Creations Q2 Earnings Beat Estimates, Sales Rise 24% Y/Y

Sep -09

Source: zacks.com

Mama's Creations, Inc. (MAMA) Q2 2026 Earnings Call Transcript

Sep -09

Source: seekingalpha.com

Mama's Creations Reports Second Quarter Fiscal 2026 Financial Results

Sep -08

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.00%)

6. Segments

Fresh Deli Prepared Foods

Expected Growth: 11.0%

Mama's Creations, Inc. Fresh Deli Prepared Foods segment growth of 11.0% is driven by increasing demand for convenient, healthy meals, expansion into new distribution channels, and successful product innovation. Additionally, the company's focus on using high-quality, locally sourced ingredients and its strong brand reputation contribute to its growth.

7. Detailed Products

Handmade Candles

Artisanal candles made from natural wax and essential oils, available in various scents and colors

Customized Jewelry

Unique, handcrafted jewelry pieces made from precious metals and gemstones, tailored to individual styles

Gourmet Food Baskets

Carefully curated baskets filled with artisanal cheeses, crackers, and chocolates, perfect for any occasion

Home Decor Items

Hand-painted ceramics, woven textiles, and other decorative items to enhance your home's unique style

Natural Skincare Products

Nourishing skincare products made from natural ingredients, free from harsh chemicals and toxins

8. Mama's Creations, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Mama's Creations, Inc. is medium because while there are some substitutes available, they are not very attractive to customers due to differences in quality and features.

Bargaining Power Of Customers

The bargaining power of customers for Mama's Creations, Inc. is low because customers have limited options and the company's products are highly differentiated.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Mama's Creations, Inc. is medium because while there are some suppliers with significant bargaining power, the company has diversified its supplier base to mitigate this risk.

Threat Of New Entrants

The threat of new entrants for Mama's Creations, Inc. is high because the industry has low barriers to entry and there are many potential entrants waiting to capitalize on the growing demand.

Intensity Of Rivalry

The intensity of rivalry for Mama's Creations, Inc. is high because the industry is highly competitive with many established players and new entrants vying for market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	32.71%
Debt Cost	5.74%
Equity Weight	67.29%
Equity Cost	9.18%
WACC	8.06%
Leverage	48.61%

11. Quality Control: Mama's Creations, Inc. passed 7 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Seneca Foods

A-Score: 6.1/10

Value: 7.1

Growth: 7.2

Quality: 4.4

Yield: 0.0

Momentum: 10.0

Volatility: 7.7

1-Year Total Return ->

John B. Sanfilippo & Son

A-Score: 5.2/10

Value: 7.3

Growth: 4.4

Quality: 6.1

Yield: 6.0

Momentum: 0.5

Volatility: 7.0

1-Year Total Return ->

Nature's Sunshine Products

A-Score: 5.0/10

Value: 6.5

Growth: 4.1

Quality: 6.5

Yield: 1.0

Momentum: 7.0

Volatility: 5.0

1-Year Total Return ->

LifeVantage

A-Score: 4.6/10

Value: 7.0

Growth: 4.6

Quality: 7.3

Yield: 5.0

Momentum: 1.0

Volatility: 2.7

1-Year Total Return ->

Mama's Creations

A-Score: 4.6/10

Value: 0.6

Growth: 8.8

Quality: 5.9

Yield: 0.0

Momentum: 8.5

Volatility: 3.7

1-Year Total Return ->

Lifeway Foods

A-Score: 4.2/10

Value: 2.2

Growth: 8.2

Quality: 6.2

Yield: 0.0

Momentum: 5.0

Volatility: 3.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

33.24%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

8.06%

Mama's Creations, Inc. - US56146T1034

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on MAMA

1.c. Company Highlights

Higher Growth

Strong Momentum

Expensive

Earnings Beats

Revenues Beats

Earnings Miss

More Volatile

Average Yield

Lower Yield

Revenues Miss

2. Mama's Creations: Earnings Beat with Strategic Growth

Operational Highlights

Strategic Growth Initiatives

Valuation and Profitability

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.00%)

6. Segments

Fresh Deli Prepared Foods

Expected Growth: 11.0%

7. Detailed Products

Handmade Candles

Customized Jewelry

Gourmet Food Baskets

Home Decor Items

Natural Skincare Products

8. Mama's Creations, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Mama's Creations, Inc. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

11.47$

Current Price

11.47$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA