Calavo Growers
Market Cap
US$1.4b
Last Updated
2021/02/25 00:24 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Calavo Growers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVGW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CVGW's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
CVGW
0.1%
US Food
-1.4%
US Market
1 Year Return
1.0%
CVGW
11.6%
US Food
37.1%
US Market
Return vs Industry: CVGW underperformed the US Food industry which returned 10.2% over the past year.
Return vs Market: CVGW underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| CVGW | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 0.1% | -1.4% |
| 30 Day | 3.1% | 0.9% | 1.6% |
| 90 Day | 7.4% | 3.5% | 7.3% |
| 1 Year | 2.6%1.0% | 14.4%11.6% | 40.2%37.1% |
| 3 Year | -6.3%-9.9% | 17.3%7.7% | 62.5%52.1% |
| 5 Year | 68.3%57.5% | 18.9%2.9% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is Calavo Growers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Is Calavo Growers (NASDAQ:CVGW) A Risky Investment?3 weeks ago | Simply Wall St
Does Calavo Growers' (NASDAQ:CVGW) Share Price Gain of 59% Match Its Business Performance?1 month ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At Calavo Growers (NASDAQ:CVGW)?Valuation
Is Calavo Growers undervalued compared to its fair value and its price relative to the market?
5.34x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: CVGW ($76.93) is trading above our estimate of fair value ($38.1)
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 (5.3x) compared to the US Food industry average (2.2x).
Next Steps
Future Growth
How is Calavo Growers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
69.2%
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 (4.6% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: CVGW's revenue (4.6% 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
Next Steps
Past Performance
How has Calavo Growers performed over the past 5 years?
-17.4%
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 17.4% 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 (8.7%).
Return on Equity
High ROE: CVGW has a negative Return on Equity (-5.41%), as it is currently unprofitable.
Next Steps
Financial Health
How is Calavo Growers's financial position?
Financial Position Analysis
Short Term Liabilities: CVGW's short term assets ($135.9M) exceed its short term liabilities ($106.3M).
Long Term Liabilities: CVGW's short term assets ($135.9M) exceed its long term liabilities ($67.3M).
Debt to Equity History and Analysis
Debt Level: CVGW's debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: CVGW's debt to equity ratio has reduced from 21.4% to 8% over the past 5 years.
Debt Coverage: CVGW's debt is well covered by operating cash flow (140.5%).
Interest Coverage: CVGW is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Calavo Growers's current dividend yield, its reliability and sustainability?
1.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CVGW's dividend (1.49%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: CVGW's dividend (1.49%) is low compared to the top 25% of dividend payers in the US market (3.75%).
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?
0.6yrs
Average management tenure
CEO
Jim Gibson (58 yo)
1
Tenure
US$1,292,880
Compensation
Mr. James E. Gibson, also known as Jim, serves as Chief Executive Officer at Calavo Growers, Inc. since February 1, 2020. He served as President of RFG at Calavo Growers, Inc. since October 26, 2017 until ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.29M) is below average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Jim's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1yr | US$1.29m | 0.14% $ 1.9m | |
| Executive Vice President of Fresh Sales | 0.50yr | US$1.16m | 0.064% $ 874.6k | |
| Chief Financial Officer | 0.75yr | no data | 0.042% $ 569.5k | |
| Chief Operations Officer | 0.50yr | no data | 0.034% $ 459.2k | |
| Corporate Controller | 0.92yr | no data | 0.0020% $ 26.9k | |
| Director of Human Resources | no data | no data | no data | |
| Executive Vice President of Business Development | 0.50yr | no data | no data | |
| Treasurer | no data | no data | no data |
0.6yrs
Average Tenure
60yo
Average Age
Experienced Management: CVGW's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 39.08yrs | US$2.59m | 1.71% $ 23.3m | |
| Chairman of the Board | 1yr | US$185.23k | 2.12% $ 28.9m | |
| Director | 19.08yrs | US$187.23k | 0.11% $ 1.5m | |
| Director | 27.08yrs | US$185.23k | 0.74% $ 10.0m | |
| Independent Director | 4.08yrs | US$185.23k | 0.052% $ 711.6k | |
| Independent Director | 28.08yrs | US$184.23k | 0.19% $ 2.6m | |
| Director | 14.67yrs | US$174.23k | 0.042% $ 572.2k | |
| Independent Director | 0.083yr | no data | no data | |
| Independent Director | 12.5yrs | US$199.23k | 0.13% $ 1.8m | |
| Independent Director | 10.67yrs | US$184.23k | 0.085% $ 1.2m | |
| Independent Director | 10.08yrs | US$184.23k | 0.14% $ 2.0m | |
| Independent Director | 8.08yrs | US$189.23k | 0.11% $ 1.4m |
11.6yrs
Average Tenure
65yo
Average Age
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 company bio, 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
- Market Cap: US$1.361b
- Shares outstanding: 17.69m
- Website: https://www.calavo.com
Number of Employees
Location
- Calavo Growers, Inc.
- 1141-A Cummings Road
- Santa Paula
- California
- 93060
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CVGW | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 2002 |
| XGW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2002 |
Biography
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 who...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 00:24 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/10/31 |
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.