FRESH DEL MONTE PRODUCE INC (FDP)

KYG367381053 - Common Stock

22.24  +0.26 (+1.18%)

After market: 22.24 0 (0%)

Fundamental Rating

5

FDP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 93 industry peers in the Food Products industry. While FDP has a great health rating, its profitability is only average at the moment. FDP is cheap, but on the other hand it scores bad on growth. Finally FDP also has an excellent dividend rating.



4

1. Profitability

1.1 Basic Checks

In the past year FDP was profitable.
In the past year FDP had a positive cash flow from operations.
Of the past 5 years FDP 4 years were profitable.
FDP had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -0.76%, FDP is in line with its industry, outperforming 42.39% of the companies in the same industry.
FDP's Return On Equity of -1.27% is in line compared to the rest of the industry. FDP outperforms 45.65% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.36%, FDP is in line with its industry, outperforming 57.61% of the companies in the same industry.
FDP had an Average Return On Invested Capital over the past 3 years of 4.10%. This is below the industry average of 7.86%.
The last Return On Invested Capital (4.36%) for FDP is above the 3 year average (4.10%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.76%
ROE -1.27%
ROIC 4.36%
ROA(3y)1.62%
ROA(5y)1.66%
ROE(3y)3%
ROE(5y)3.15%
ROIC(3y)4.1%
ROIC(5y)3.5%

1.3 Margins

With a Operating Margin value of 3.40%, FDP perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
FDP's Operating Margin has improved in the last couple of years.
FDP has a worse Gross Margin (7.81%) than 71.74% of its industry peers.
FDP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 3.4%
PM (TTM) N/A
GM 7.81%
OM growth 3Y26.66%
OM growth 5Y14.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.48%
GM growth 5Y5.45%

7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FDP is destroying value.
FDP has less shares outstanding than it did 1 year ago.
FDP has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FDP has an improved debt to assets ratio.

2.2 Solvency

FDP has an Altman-Z score of 2.82. This is not the best score and indicates that FDP is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of FDP (2.82) is better than 63.04% of its industry peers.
The Debt to FCF ratio of FDP is 3.37, which is a good value as it means it would take FDP, 3.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FDP (3.37) is better than 79.35% of its industry peers.
FDP has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.21, FDP is in the better half of the industry, outperforming 67.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 3.37
Altman-Z 2.82
ROIC/WACC0.59
WACC7.37%

2.3 Liquidity

FDP has a Current Ratio of 2.16. This indicates that FDP is financially healthy and has no problem in meeting its short term obligations.
FDP has a better Current ratio (2.16) than 70.65% of its industry peers.
FDP has a Quick Ratio of 1.11. This is a normal value and indicates that FDP is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FDP (1.11) is better than 67.39% of its industry peers.
Industry RankSector Rank
Current Ratio 2.16
Quick Ratio 1.11

3

3. Growth

3.1 Past

FDP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.55%.
FDP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.21% yearly.
Looking at the last year, FDP shows a decrease in Revenue. The Revenue has decreased by -3.02% in the last year.
The Revenue has been decreasing by -0.78% on average over the past years.
EPS 1Y (TTM)-3.55%
EPS 3Y22.42%
EPS 5Y36.21%
EPS Q2Q%-38.18%
Revenue 1Y (TTM)-3.02%
Revenue growth 3Y0.93%
Revenue growth 5Y-0.78%
Sales Q2Q%-1.83%

3.2 Future

The Earnings Per Share is expected to grow by 9.06% on average over the next years. This is quite good.
The Revenue is expected to grow by 1.66% on average over the next years.
EPS Next Y-7.14%
EPS Next 2Y9.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.11%
Revenue Next 2Y1.66%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

7

4. Valuation

4.1 Price/Earnings Ratio

FDP is valuated reasonably with a Price/Earnings ratio of 11.71.
FDP's Price/Earnings ratio is rather cheap when compared to the industry. FDP is cheaper than 85.87% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.63. FDP is valued rather cheaply when compared to this.
FDP is valuated reasonably with a Price/Forward Earnings ratio of 8.86.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FDP indicates a rather cheap valuation: FDP is cheaper than 93.48% of the companies listed in the same industry.
FDP is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.22, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.71
Fwd PE 8.86

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FDP indicates a rather cheap valuation: FDP is cheaper than 89.13% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FDP indicates a rather cheap valuation: FDP is cheaper than 82.61% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.83
EV/EBITDA 6.19

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y9.06%
EPS Next 3YN/A

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5. Dividend

5.1 Amount

FDP has a Yearly Dividend Yield of 4.09%, which is a nice return.
FDP's Dividend Yield is rather good when compared to the industry average which is at 3.74. FDP pays more dividend than 88.04% of the companies in the same industry.
FDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 4.09%

5.2 History

On average, the dividend of FDP grows each year by 8.22%, which is quite nice.
FDP has paid a dividend for at least 10 years, which is a reliable track record.
FDP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.22%
Div Incr Years4
Div Non Decr Years4

5.3 Sustainability

FDP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
FDP's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP-167.08%
EPS Next 2Y9.06%
EPS Next 3YN/A

FRESH DEL MONTE PRODUCE INC

NYSE:FDP (6/21/2024, 7:04:00 PM)

After market: 22.24 0 (0%)

22.24

+0.26 (+1.18%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.07B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 4.09%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 11.71
Fwd PE 8.86
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.32
Profitability
Industry RankSector Rank
ROA -0.76%
ROE -1.27%
ROCE
ROIC
ROICexc
ROICexgc
OM 3.4%
PM (TTM) N/A
GM 7.81%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.34
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.16
Quick Ratio 1.11
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-3.55%
EPS 3Y22.42%
EPS 5Y
EPS Q2Q%
EPS Next Y-7.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.02%
Revenue growth 3Y0.93%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y