FRESH DEL MONTE PRODUCE INC (FDP)
KYG367381053 - Common Stock
FDP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 91 industry peers in the Food Products industry. While FDP has a great health rating, its profitability is only average at the moment. FDP scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year FDP was profitable.
FDP had a positive operating cash flow in the past year.
Of the past 5 years FDP 4 years were profitable.
Each year in the past 5 years FDP had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -0.36%, FDP perfoms like the industry average, outperforming 45.05% of the companies in the same industry.
Looking at the Return On Equity, with a value of -0.60%, FDP is in line with its industry, outperforming 46.15% of the companies in the same industry.
The Return On Invested Capital of FDP (4.90%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for FDP is below the industry average of 7.56%.
The 3 year average ROIC (4.10%) for FDP is below the current ROIC(4.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.36% | ||
| ROE | -0.6% | ||
| ROIC | 4.9% |
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
FDP has a Operating Margin (3.80%) which is in line with its industry peers.
FDP's Operating Margin has improved in the last couple of years.
FDP's Gross Margin of 8.12% is on the low side compared to the rest of the industry. FDP is outperformed by 69.23% of its industry peers.
In the last couple of years the Gross Margin of FDP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.8% | ||
| PM (TTM) | N/A | ||
| GM | 8.12% |
OM growth 3Y26.66%
OM growth 5Y14.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.48%
GM growth 5Y5.45%
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 2.91. 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.
FDP's Altman-Z score of 2.91 is fine compared to the rest of the industry. FDP outperforms 70.33% of its industry peers.
FDP has a debt to FCF ratio of 3.39. This is a good value and a sign of high solvency as FDP would need 3.39 years to pay back of all of its debts.
FDP has a Debt to FCF ratio of 3.39. This is in the better half of the industry: FDP outperforms 76.92% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that FDP is not too dependend on debt financing.
The Debt to Equity ratio of FDP (0.21) is better than 67.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 3.39 | ||
| Altman-Z | 2.91 |
ROIC/WACC0.63
WACC7.75%
2.3 Liquidity
A Current Ratio of 2.12 indicates that FDP has no problem at all paying its short term obligations.
The Current ratio of FDP (2.12) is better than 68.13% of its industry peers.
FDP has a Quick Ratio of 1.01. This is a normal value and indicates that FDP is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.01, FDP is doing good in the industry, outperforming 62.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.12 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.11% over the past year.
The Earnings Per Share has been growing by 36.21% on average over the past years. This is a very strong growth
Looking at the last year, FDP shows a decrease in Revenue. The Revenue has decreased by -2.74% in the last year.
Measured over the past years, FDP shows a decrease in Revenue. The Revenue has been decreasing by -0.78% on average per year.
EPS 1Y (TTM)7.11%
EPS 3Y22.42%
EPS 5Y36.21%
EPS growth Q2Q-44.44%
Revenue 1Y (TTM)-2.74%
Revenue growth 3Y0.93%
Revenue growth 5Y-0.78%
Revenue growth Q2Q-3.01%
3.2 Future
The Earnings Per Share is expected to grow by 11.99% on average over the next years. This is quite good.
FDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.29% yearly.
EPS Next Y12.73%
EPS Next 2Y11.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.97%
Revenue Next 2Y2.29%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.15, which indicates a correct valuation of FDP.
Compared to the rest of the industry, the Price/Earnings ratio of FDP indicates a rather cheap valuation: FDP is cheaper than 84.62% of the companies listed in the same industry.
FDP is valuated cheaply when we compare the Price/Earnings ratio to 24.80, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.78, which indicates a very decent valuation of FDP.
Based on the Price/Forward Earnings ratio, FDP is valued cheaply inside the industry as 93.41% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.27. FDP is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 10.78 |
4.2 Price Multiples
FDP's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FDP is cheaper than 89.01% of the companies 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 84.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.16 | ||
| EV/EBITDA | 6.35 |
4.3 Compensation for Growth
FDP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.95
PEG (5Y)0.34
EPS Next 2Y11.99%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FDP has a Yearly Dividend Yield of 3.37%.
Compared to an average industry Dividend Yield of 3.56, FDP pays a better dividend. On top of this FDP pays more dividend than 83.52% of the companies listed in the same industry.
FDP's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
5.2 History
The dividend of FDP is nicely growing with an annual growth rate of 8.22%!
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
The earnings of FDP are negative and hence is the payout ratio. FDP will probably not be able to sustain this dividend level.
FDP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-314.91%
EPS Next 2Y11.99%
EPS Next 3YN/A
FRESH DEL MONTE PRODUCE INC
NYSE:FDP (4/19/2024, 9:30:03 AM)
25.64
+0.28 (+1.1%)
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 Cap1.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
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)
Max EPS beat(4)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 10.78 | ||
| 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)0.95
PEG (5Y)0.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.36% | ||
| ROE | -0.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.8% | ||
| PM (TTM) | N/A | ||
| GM | 8.12% | ||
| 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 Turnover1.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.12 | ||
| Quick Ratio | 1.01 | ||
| 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)
Growth
EPS 1Y (TTM)7.11%
EPS 3Y22.42%
EPS 5Y
EPS growth Q2Q
EPS Next Y12.73%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.74%
Revenue growth 3Y0.93%
Revenue growth 5Y
Revenue growth 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