NasdaqGS:LMNR

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

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

Stable Share Price: LMNR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.3%

LMNR

-0.1%

US Food

1.3%

US Market


1 Year Return

-30.1%

LMNR

3.8%

US Food

14.9%

US Market

Return vs Industry: LMNR underperformed the US Food industry which returned 2.6% over the past year.

Return vs Market: LMNR underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

LMNRIndustryMarket
7 Day-2.3%-0.1%1.3%
30 Day-3.9%5.6%4.7%
90 Day14.0%10.2%17.1%
1 Year-28.7%-30.1%6.4%3.8%17.3%14.9%
3 Year-36.4%-39.1%3.1%-5.5%38.9%29.9%
5 Year-29.2%-33.7%13.3%-1.8%71.3%52.8%

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?

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: LMNR ($13.48) is trading above our estimate of fair value ($6.24)

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


Price To Earnings Ratio

PE vs Industry: LMNR is unprofitable, so we can't compare its PE Ratio to the US 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 (1.3x) compared to the US Food industry average (1.9x).


Next Steps

Future Growth

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

119.4%

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 (2.2%).

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

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

Revenue vs Market: LMNR's revenue (18.9% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: LMNR's revenue (18.9% 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?

-22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LMNR is currently unprofitable.

Growing Profit Margin: LMNR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LMNR is unprofitable, and losses have increased over the past 5 years at a rate of 22.6% 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 (-4%).


Return on Equity

High ROE: LMNR has a negative Return on Equity (-7.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Limoneira's financial position?


Financial Position Analysis

Short Term Liabilities: LMNR's short term assets ($49.6M) exceed its short term liabilities ($29.4M).

Long Term Liabilities: LMNR's short term assets ($49.6M) do not cover its long term liabilities ($152.6M).


Debt to Equity History and Analysis

Debt Level: LMNR's debt to equity ratio (58.8%) is considered high.

Reducing Debt: LMNR's debt to equity ratio has reduced from 68.2% to 58.8% 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


Next Steps

Dividend

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

2.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LMNR's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: LMNR's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.51%).


Stability and Growth of Payments

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 (43.8% payout ratio).


Next Steps

Management

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

15.8yrs

Average management tenure


CEO

Harold Edwards (54 yo)

15.75yrs

Tenure

US$1,640,522

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 ($USD1.64M) is about average for companies of similar size in the US market ($USD1.34M).

Compensation vs Earnings: Harold's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Harold Edwards
President15.75yrsUS$1.64m0.88%
$ 2.1m
Mark Palamountain
CFO, Treasurer & Corporate Secretary2.58yrsUS$871.80k0.34%
$ 828.2k
Alex Teague
Senior VP & COOno dataUS$999.11k1.23%
$ 3.0m
John Chamberlain
Director of Marketing15.58yrsno datano data
John Carter
Vice President of Global Salesno datano datano data
Kathleen Thompson
Director of Human Resources22.25yrsno datano data
John Mills
Senior Managing Directorno datano datano data
Greg Hamm
VP & Controller16yrsno datano data

15.8yrs

Average Tenure

54yo

Average Age

Experienced Management: LMNR's management team is seasoned and experienced (15.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harold Edwards
President15.75yrsUS$1.64m0.88%
$ 2.1m
Gordon Kimball
Independent Chairman5.75yrsUS$135.00k0.20%
$ 492.0k
Robert Sawyer
Independent Vice Chairmanno dataUS$106.40k0.69%
$ 1.7m
John W. Merriman
Independent Non-Management Director29.58yrsUS$98.00k0.00056%
$ 1.3k
Scott Slater
Independent Non-Management Director7.92yrsUS$82.60k0.14%
$ 334.5k
Donald Rudkin
Independent Non-Management Director5.83yrsUS$106.50k0.065%
$ 157.0k
Edgar Terry
Independent Director2.83yrsUS$97.90k0.033%
$ 79.6k
Elizabeth Chess
Independent Director3.75yrsUS$96.30k0.77%
$ 1.9m

5.8yrs

Average Tenure

67yo

Average Age

Experienced Board: LMNR's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: LMNR insiders have only sold shares 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

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$240.722m
  • Shares outstanding: 17.86m
  • 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
0JV0LSE (London Stock Exchange)YesCommon StockGBEURNov 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 through six segments: Fresh Lemons, Lemon Packing, Avocados, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 23:55
End of Day Share Price2020/07/31 00:00
Earnings2020/04/30
Annual Earnings2019/10/31


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.