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
Price History & Performance
|Historical stock prices|
|Current Share Price||US$43.18|
|52 Week High||US$85.40|
|52 Week Low||US$33.25|
|1 Month Change||8.68%|
|3 Month Change||4.55%|
|1 Year Change||-41.65%|
|3 Year Change||-47.12%|
|5 Year Change||-25.62%|
|Change since IPO||619.67%|
Recent News & Updates
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...
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...
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.
|CVGW||US Food||US Market|
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.
|CVGW Average Weekly Movement||5.5%|
|Food Industry Average Movement||5.2%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
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
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
|CVGW fundamental statistics|
Is CVGW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CVGW income statement (TTM)|
|Cost of Revenue||US$997.82m|
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.67|
|Net Profit Margin||-1.12%|
How did CVGW perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Is Calavo Growers undervalued compared to its fair value and its price relative to the market?
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).
How is Calavo Growers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
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
How has Calavo Growers performed over the past 5 years?
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.
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.
What is Calavo Growers's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Hollister (63 yo)
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...
Experienced Management: CVGW's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: CVGW's board of directors are seasoned and experienced ( 11.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Calavo Growers, Inc.'s employee growth, exchange listings and data sources
- 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
- Calavo Growers, Inc.
- 1141-A Cummings Road
- Santa Paula
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:40|
|End of Day Share Price||2022/01/19 00:00|
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.