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Fresh Del Monte Produce Inc. (the Company, we or us ) is one of the world s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide primarily unde…
$32.14
$1.45 (-4.32%)
Price from 5 days ago
Operating margin is thin at 3.18%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.0%, essentially flat. Margins also contracted 1.4pp. This is a business that needs a catalyst.
ROIC dropped from 6.81% to 4.19%, capital efficiency is deteriorating.
22.2x earnings, 8.8x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4.26B
▲ +1.0% YoY
Net Income (TTM)
$70M
▼ -36.2% YoY
Op. Margin
2.64%
▼ -1.4pp YoY
ROIC
3.02%
▼ -2.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$175M
▲ +38.6% YoY
Op. Cash Flow (TTM)
$243M
▲ +34.3% YoY
Net Debt
$583M
Cash & Equiv.
$66M
5Y CAGR: +0.6%
5Y CAGR: +42.7%
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