NasdaqGS:LMNR

Stock Analysis Report

Executive Summary

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally.

Snowflake

Fundamentals

Reasonable growth potential average dividend payer.


Similar Companies

Share Price & News

How has Limoneira's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.05%

LMNR

-1.0%

US Food

1.0%

US Market


1 Year Return

-23.9%

LMNR

0.07%

US Food

8.0%

US Market

Return vs Industry: LMNR underperformed the US Food industry which returned 0.1% over the past year.

Return vs Market: LMNR underperformed the US Market which returned 8% over the past year.


Shareholder returns

LMNRIndustryMarket
7 Day-0.05%-1.0%1.0%
30 Day1.3%-3.2%-0.07%
90 Day0.6%-2.6%-1.0%
1 Year-22.8%-23.9%3.0%0.07%10.4%8.0%
3 Year-0.4%-3.9%-3.2%-11.7%46.2%36.7%
5 Year-20.3%-24.7%42.3%25.3%64.3%46.2%

Price Volatility Vs. Market

How volatile is Limoneira's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

34.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LMNR ($18.64) is trading below our estimate of fair value ($28.34)

Significantly Below Fair Value: LMNR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

PE vs Market: LMNR 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 LMNR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LMNR is good value based on its PB Ratio (1.6x) compared to the US Food industry average (2.1x).


Next Steps

Future Growth

How is Limoneira forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

80.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LMNR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

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

High Growth Earnings: LMNR's loss is forecast to worsen by 0% next year.

Revenue vs Market: LMNR's revenue (16.4% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: LMNR's revenue (16.4% 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 LMNR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Limoneira performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LMNR is unprofitable, but has reduced losses over the past 5 years at a rate of 8.4% per year.

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

Earnings vs Industry: LMNR is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-24%).


Return on Equity

High ROE: LMNR has a negative Return on Equity (-2.29%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: LMNR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: LMNR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Limoneira's financial position?


Financial Position Analysis

Short Term Liabilities: LMNR's short term assets ($50.6M) exceeds its short term liabilities ($39.2M)

Long Term Liabilities: LMNR's short term assets (50.6M) do not cover its long term liabilities (137.5M)


Debt to Equity History and Analysis

Debt Level: LMNR's debt to equity ratio (47%) is considered high

Reducing Debt: LMNR's debt to equity ratio has increased from 41.1% to 47% over the past 5 years.

Debt Coverage: LMNR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if LMNR's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: LMNR has a high level of physical assets or inventory.

Debt Coverage by Assets: LMNR's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LMNR's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: LMNR's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: LMNR's dividends in 3 years are forecast to be well covered by earnings (38.3% payout ratio).


Next Steps

Management

What is the CEO of Limoneira's salary, the management and board of directors tenure and is there insider trading?

14.8yrs

Average management tenure


CEO

Harold Edwards (53yo)

14.9yrs

Tenure

US$1,817,918

Compensation

Mr. Harold S. Edwards has been the Chief Executive Officer and President at Limoneira Company since November 2004. Mr. Edwards has been a Director of Limoneira Company since 2009. Mr. Edwards served as the ...


CEO Compensation Analysis

Compensation vs. Market: Harold's total compensation ($USD1.82M) is about average for companies of similar size in the US market ($USD1.82M).

Compensation vs Earnings: Harold's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

14.8yrs

Average Tenure

54yo

Average Age

Experienced Management: LMNR's management team is seasoned and experienced (14.8 years average tenure).


Board Age and Tenure

5.0yrs

Average Tenure

66yo

Average Age

Experienced Board: LMNR's board of directors are considered experienced (5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$9,85025 Jun 19
Alex Teague
EntityIndividual
Role
Chief Operating Officer
Senior VP & COO
Shares500
Max PriceUS$19.70
SellUS$2,07713 Jun 19
John W. Merriman
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Management Director
Shares100
Max PriceUS$20.77
SellUS$43,61803 Apr 19
John W. Merriman
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Management Director
Shares1,811
Max PriceUS$24.09
SellUS$30,34518 Mar 19
Robert Sawyer
EntityIndividual
Role
Vice Chairman
Independent Vice Chairman
Shares1,250
Max PriceUS$24.28
SellUS$39,22818 Mar 19
Mark Palamountain
EntityIndividual
Role
Chief Financial Officer
CFO, Treasurer & Corporate Secretary
Shares1,611
Max PriceUS$24.35

Ownership Breakdown


Management Team

  • John Mills

    Senior Managing Director

    • Tenure: 0yrs
  • Harold Edwards (53yo)

    President

    • Tenure: 14.9yrs
    • Compensation: US$1.82m
  • Mark Palamountain (43yo)

    CFO, Treasurer & Corporate Secretary

    • Tenure: 1.8yrs
    • Compensation: US$998.90k
  • Greg Hamm

    VP & Controller

    • Tenure: 15.2yrs
  • Kathleen Thompson

    Director of Human Resources

    • Tenure: 21.4yrs
  • Don Delmatoff (70yo)

    Director of Compliance & Special Projects

    • Tenure: 9.3yrs
    • Compensation: US$811.74k
  • Alex Teague (55yo)

    Senior VP & COO

    • Tenure: 0yrs
    • Compensation: US$1.08m
  • John Chamberlain

    Director of Marketing

    • Tenure: 14.8yrs
  • John Carter

    Vice President of Global Sales

    • Tenure: 0yrs

Board Members

  • Harold Edwards (53yo)

    President

    • Tenure: 14.9yrs
    • Compensation: US$1.82m
  • Gordon Kimball (66yo)

    Independent Chairman

    • Tenure: 4.9yrs
    • Compensation: US$117.00k
  • Robert Sawyer (69yo)

    Independent Vice Chairman

    • Tenure: 0yrs
    • Compensation: US$81.90k
  • John W. Merriman (66yo)

    Independent Non-Management Director

    • Tenure: 28.8yrs
    • Compensation: US$78.00k
  • Scott Slater (61yo)

    Independent Non-Management Director

    • Tenure: 7.1yrs
    • Compensation: US$67.50k
  • Don Rudkin (76yo)

    Independent Non-Management Director

    • Tenure: 5yrs
    • Compensation: US$84.50k
  • Edgar Terry (59yo)

    Independent Director

    • Tenure: 2yrs
    • Compensation: US$79.30k
  • Betsy Chess (70yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$71.50k

Company Information

Limoneira Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Limoneira Company
  • Ticker: LMNR
  • Exchange: NasdaqGS
  • Founded: 1893
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$331.284m
  • Shares outstanding: 17.77m
  • Website: https://www.limoneira.com

Number of Employees


Location

  • Limoneira Company
  • 1141 Cummings Road
  • Santa Paula
  • California
  • 93060
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LMNRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1994
2L2DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1994

Biography

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Othe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:37
End of Day Share Price2019/10/21 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


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.