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

5.3%

NasdaqGS:LMNR

1.8%

US Food

2.9%

US Market


1 Year Return

-34.2%

NasdaqGS:LMNR

-0.3%

US Food

0.2%

US Market

LMNR underperformed the Food industry which returned -0.3% over the past year.

LMNR underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

LMNRIndustryMarket
7 Day5.3%1.8%2.9%
30 Day5.7%-1.0%-2.3%
90 Day2.0%2.6%3.1%
1 Year-33.3%-34.2%2.7%-0.3%2.4%0.2%
3 Year21.0%17.0%-6.9%-15.0%41.7%32.4%
5 Year-14.2%-18.7%41.0%24.2%55.1%37.9%

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 based on future cash flows and its price relative to the stock market?

28%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Limoneira's share price is below the future cash flow value, and at a moderate discount (> 20%).

Limoneira's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Limoneira is overvalued based on earnings compared to the US Food industry average.

Limoneira is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Limoneira is poor value based on expected growth next year.


Price Based on Value of Assets

Limoneira is good value based on assets compared to the US Food industry average.


Next Steps

Future Growth

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

52.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Limoneira's revenue is expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).

Limoneira's earnings are expected to grow significantly at over 20% yearly.

Limoneira's revenue growth is expected to exceed the United States of America market average.

Limoneira's earnings growth is expected to exceed the United States of America market average.

Limoneira's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Limoneira will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Limoneira performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Limoneira's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Limoneira's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Limoneira's 1-year earnings growth is negative, it can't be compared to the US Food industry average.


Return on Equity

Limoneira has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Limoneira used its assets less efficiently than the US Food industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Limoneira improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Limoneira's financial position?


Financial Position Analysis

Limoneira is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Limoneira's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Limoneira's level of debt (42.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (51.8% vs 42.6% today).

Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).

Unable to confirm if the interest payments on Limoneira's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


Next Steps

Dividend

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

1.84%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Limoneira's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Limoneira's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).


Next Steps

Management

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

14.7yrs

Average management tenure


CEO

Harold Edwards (53yo)

14.8yrs

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

Harold's remuneration is about average for companies of similar size in United States of America.

Harold's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

14.7yrs

Average Tenure

54yo

Average Age

The average tenure for the Limoneira management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.8yrs

Average Tenure

66yo

Average Age

The tenure for the Limoneira board of directors is about average.


Insider Trading

More shares have been bought than sold by Limoneira individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$9,85025 Jun 19
Alex Teague
EntityIndividual
Role
Chief Operating Officer
Senior Vice President
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
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
SellUS$89,29727 Sep 18
John W. Merriman
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Management Director
Shares3,218
Max PriceUS$28.01

Ownership Breakdown


Management Team

  • John Mills

    Senior Managing Director

    • Tenure: 0.0yrs
  • Harold Edwards (53yo)

    President

    • Tenure: 14.8yrs
    • Compensation: US$1.82m
  • Mark Palamountain (43yo)

    CFO, Treasurer & Corporate Secretary

    • Tenure: 1.6yrs
    • Compensation: US$998.90k
  • Greg Hamm

    VP & Controller

    • Tenure: 15.0yrs
  • Kathleen Thompson

    Director of Human Resources

    • Tenure: 21.3yrs
  • Don Delmatoff (70yo)

    Director of Compliance & Special Projects

    • Tenure: 9.2yrs
    • Compensation: US$811.74k
  • Alex Teague (55yo)

    Senior Vice President

    • Tenure: 0.0yrs
    • Compensation: US$1.08m
  • John Chamberlain

    Vice President of Marketing

    • Tenure: 14.6yrs
  • John Carter

    Vice President of Global Sales

    • Tenure: 0.0yrs

Board Members

  • Harold Edwards (53yo)

    President

    • Tenure: 14.8yrs
    • Compensation: US$1.82m
  • Gordon Kimball (66yo)

    Chairman

    • Tenure: 4.8yrs
    • Compensation: US$117.00k
  • Robert Sawyer (69yo)

    Vice Chairman

    • Tenure: 0.0yrs
    • Compensation: US$81.90k
  • John W. Merriman (66yo)

    Independent Non-Management Director

    • Tenure: 28.6yrs
    • Compensation: US$78.00k
  • Scott Slater (61yo)

    Independent Non-Management Director

    • Tenure: 6.9yrs
    • Compensation: US$67.50k
  • Don Rudkin (76yo)

    Independent Non-Management Director

    • Tenure: 4.8yrs
    • Compensation: US$84.50k
  • Edgar Terry (59yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$79.30k
  • Betsy Chess (70yo)

    Director

    • Tenure: 2.8yrs
    • 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$347.813m
  • 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
2L2BST (Boerse-Stuttgart)YesCommon StockDEEURNov 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 Analysis2019/08/22 23:39
End of Day Share Price2019/08/22 00:00
Earnings2019/04/30
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.