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CVGW

Calavo GrowersNasdaqGS:CVGW Stock Report

Last Price

US$43.18

Market Cap

US$763.3m

7D

1.9%

1Y

-41.6%

Updated

19 Jan, 2022

Data

Company Financials +
CVGW fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends3/6

CVGW Stock Overview

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.

Calavo Growers Competitors

Mondelez International

NasdaqGS:MDLZ

US$94.3b

Lamb Weston Holdings

NYSE:LW

US$9.7b

Hain Celestial Group

NasdaqGS:HAIN

US$3.5b

J & J Snack Foods

NasdaqGS:JJSF

US$2.9b

Price History & Performance

Summary of all time highs, changes and price drops for Calavo Growers
Historical stock prices
Current Share PriceUS$43.18
52 Week HighUS$85.40
52 Week LowUS$33.25
Beta0.90
1 Month Change8.68%
3 Month Change4.55%
1 Year Change-41.65%
3 Year Change-47.12%
5 Year Change-25.62%
Change since IPO619.67%

Recent News & Updates

Dec 01
Calavo Growers, Inc. (NASDAQ:CVGW) Shares Could Be 24% Above Their Intrinsic Value Estimate

Calavo Growers, Inc. (NASDAQ:CVGW) Shares Could Be 24% Above Their Intrinsic Value Estimate

Today we will run through one way of estimating the intrinsic value of Calavo Growers, Inc. ( NASDAQ:CVGW ) by taking...

Sep 29
At US$37.47, Is It Time To Put Calavo Growers, Inc. (NASDAQ:CVGW) On Your Watch List?

At US$37.47, Is It Time To Put Calavo Growers, Inc. (NASDAQ:CVGW) On Your Watch List?

While Calavo Growers, Inc. ( NASDAQ:CVGW ) might not be the most widely known stock at the moment, it received a lot of...

Sep 16

Bruised Avocados: Why Calavo Growers Got Toasted

Happy National Guacamole Day, which is celebrated on Thursday. Unfortunately, leading avocado marketer Calavo Growers has had nothing to cheer about during a dismal year. Management has left amid a stunning collapse in profitability. Meanwhile, the stock is down by two-thirds. There are real questions about the business' long-term direction to be answered before the stock would be a buy.

Shareholder Returns

CVGWUS FoodUS Market
7D1.9%0.3%-4.6%
1Y-41.6%13.6%7.7%

Return vs Industry: CVGW underperformed the US Food industry which returned 14.3% over the past year.

Return vs Market: CVGW underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is CVGW's price volatile compared to industry and market?
CVGW volatility
CVGW Average Weekly Movement5.5%
Food Industry Average Movement5.2%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: CVGW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CVGW's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19243,676Steve Hollisterhttps://www.calavo.com

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG). The Fresh products segment distributes avocados and other fresh produce products comprising tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.

Calavo Growers Fundamentals Summary

How do Calavo Growers's earnings and revenue compare to its market cap?
CVGW fundamental statistics
Market CapUS$763.33m
Earnings (TTM)-US$11.82m
Revenue (TTM)US$1.06b

0.7x

P/S Ratio

-64.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVGW income statement (TTM)
RevenueUS$1.06b
Cost of RevenueUS$997.82m
Gross ProfitUS$58.01m
ExpensesUS$69.83m
Earnings-US$11.82m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.67
Gross Margin5.49%
Net Profit Margin-1.12%
Debt/Equity Ratio16.6%

How did CVGW perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

-171%

Payout Ratio

Valuation

Is Calavo Growers undervalued compared to its fair value and its price relative to the market?

3.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CVGW ($43.18) is trading above our estimate of fair value ($26.65)

Significantly Below Fair Value: CVGW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CVGW is unprofitable, so we can't compare its PE Ratio to the US Food industry average.

PE vs Market: CVGW is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVGW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVGW is overvalued based on its PB Ratio (3.4x) compared to the US Food industry average (2.4x).


Future Growth

How is Calavo Growers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

72.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVGW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CVGW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CVGW's is expected to become profitable in the next 3 years.

Revenue vs Market: CVGW's revenue (7.1% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: CVGW's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CVGW's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Calavo Growers performed over the past 5 years?

-39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVGW is currently unprofitable.

Growing Profit Margin: CVGW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVGW is unprofitable, and losses have increased over the past 5 years at a rate of 39.3% per year.

Accelerating Growth: Unable to compare CVGW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CVGW is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (18.7%).


Return on Equity

High ROE: CVGW has a negative Return on Equity (-5.25%), as it is currently unprofitable.


Financial Health

How is Calavo Growers's financial position?


Financial Position Analysis

Short Term Liabilities: CVGW's short term assets ($152.6M) exceed its short term liabilities ($114.6M).

Long Term Liabilities: CVGW's short term assets ($152.6M) exceed its long term liabilities ($103.9M).


Debt to Equity History and Analysis

Debt Level: CVGW's net debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: CVGW's debt to equity ratio has increased from 9% to 16.6% over the past 5 years.

Debt Coverage: CVGW's debt is well covered by operating cash flow (36%).

Interest Coverage: CVGW earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Calavo Growers's current dividend yield, its reliability and sustainability?

2.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CVGW's dividend (2.66%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CVGW's dividend (2.66%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: CVGW's dividends per share have been stable in the past 10 years.

Growing Dividend: CVGW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CVGW is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Steve Hollister (63 yo)

0.33

Tenure

US$235,315

Compensation

Mr. Steven W. Hollister, also known as Steve, serves as Interim Chief Executive Officer at Calavo Growers, Inc. since September 2021. He served as Interim Chief Financial Officer at Calavo Growers, Inc. si...


Leadership Team

Experienced Management: CVGW's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: CVGW's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Calavo Growers, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Calavo Growers, Inc.
  • Ticker: CVGW
  • Exchange: NasdaqGS
  • Founded: 1924
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: US$763.335m
  • Shares outstanding: 17.68m
  • Website: https://www.calavo.com

Number of Employees


Location

  • Calavo Growers, Inc.
  • 1141-A Cummings Road
  • Santa Paula
  • California
  • 93060
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:40
End of Day Share Price2022/01/19 00:00
Earnings2021/10/31
Annual Earnings2021/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.