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DOLE

DoleNYSE:DOLE Stock Report

Market Cap

US$1.2b

7D

-1.5%

1Y

n/a

Updated

09 Dec, 2021

Data

Company Financials +
DOLE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance1/6
Financial Health2/6
Dividends2/6

DOLE Stock Overview

Dole plc engages in procuring, marketing, and distributing fresh produce, health foods, and consumer goods worldwide.

Dole Competitors

Coca-Cola

NYSE:KO

US$237.6b

PepsiCo

NasdaqGS:PEP

US$230.2b

Universal Robina

PSE:URC

₱289.5b

Tipco Foods

SET:TIPCO

฿4.4b

Price History & Performance

Summary of all time highs, changes and price drops for Dole
Historical stock prices
Current Share PriceUS$12.67
52 Week HighUS$17.66
52 Week LowUS$12.15
Beta0
1 Month Change-7.04%
3 Month Change-14.28%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-12.62%

Recent News & Updates

Nov 22

Dole Plc: There's Money In The Banana Stock

Dole has merged with Total Produce to form Dole plc, the largest global producer and distributor of fruits and vegetables. Beaten down since their NYSE IPO, I think Dole has been unfairly punished by the market. I believe Dole should trade at least above $20, with potential to move higher as combined earnings power offsets global supply chain and inflation concerns.

Nov 05
With Dole plc (NYSE:DOLE) It Looks Like You'll Get What You Pay For

With Dole plc (NYSE:DOLE) It Looks Like You'll Get What You Pay For

Dole plc's ( NYSE:DOLE ) price-to-earnings (or "P/E") ratio of 21.1x might make it look like a sell right now compared...

Oct 06

Dole Stock: More Than 31% Upside Potential With More Investments In The Salads Market

Dole plc is a leader in the fresh fruits and vegetable market offering over 300 products and serving its clients in close to 80 countries. I will be assuming strong growth in several sub-categories, including Value Added Salads, avocados, and berries. In my view, if the management is smart, the company will growth. I am very optimistic about the company’s Kostministieriet initiative, which is intended to obtain insights into consumption motivators and inhibitors for choosing more fresh fruit and vegetables. I expect sales growth of 5.50%, capital expenditures of -$55 million, and FCF/Sales close to 1.5%. My WACC also stands at 7.5%. Notice that the market price is only $14-$17 per share. As soon as more traders learn about the company’s future FCF growth, I believe that the share price will trend north.

Oct 01
How Dole plc (NYSE:DOLE) Stacks up on Growth, Competition and a Possible Risk Factor

How Dole plc (NYSE:DOLE) Stacks up on Growth, Competition and a Possible Risk Factor

Dole plc (NYSE:DOLE), recently entered the market as a newly formed entity, the result of the combination of Dole Food Company and Total Produce. As analysts are beginning to cover the stock, we may expect more traction from institutions and retail in the future. Since this is the beginning of their operation as a publicly traded entity, we will go over their business and fundamentals.

Shareholder Returns

DOLEUS FoodUS Market
7D-1.5%3.7%4.0%
1Yn/a4.2%21.7%

Return vs Industry: Insufficient data to determine how DOLE performed against the US Food industry.

Return vs Market: Insufficient data to determine how DOLE performed against the US Market.

Price Volatility

Is DOLE's price volatile compared to industry and market?
DOLE volatility
DOLE Average Weekly Movement5.1%
Food Industry Average Movement5.4%
Market Average Movement6.3%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.4%

Stable Share Price: DOLE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: Insufficient data to determine DOLE's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
18507,308Rory Byrnehttps://www.doleplc.com

Dole plc engages in procuring, marketing, and distributing fresh produce, health foods, and consumer goods worldwide. The company operates through Europe – Eurozone, Europe – Non-Eurozone, International, and Dole segments. It is involved in growing, sourcing, importing, packaging, marketing, and distributing various fresh fruits, vegetables, and flowers.

Dole Fundamentals Summary

How do Dole's earnings and revenue compare to its market cap?
DOLE fundamental statistics
Market CapUS$1.18b
Earnings (TTM)US$23.94m
Revenue (TTM)US$5.34b

49.3x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DOLE income statement (TTM)
RevenueUS$5.34b
Cost of RevenueUS$4.68b
Gross ProfitUS$658.44m
ExpensesUS$634.50m
EarningsUS$23.94m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.26
Gross Margin12.34%
Net Profit Margin0.45%
Debt/Equity Ratio101.7%

How did DOLE perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

203%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DOLE ($12.67) is trading below our estimate of fair value ($36.3)

Significantly Below Fair Value: DOLE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DOLE is poor value based on its PE Ratio (49.3x) compared to the US Food industry average (21.1x).

PE vs Market: DOLE is poor value based on its PE Ratio (49.3x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: DOLE is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: DOLE is good value based on its PB Ratio (1.1x) compared to the US Food industry average (2.3x).


Future Growth

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

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DOLE's forecast earnings growth (14.4% per year) is above the savings rate (2%).

Earnings vs Market: DOLE's earnings (14.4% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: DOLE's earnings are forecast to grow, but not significantly.

Revenue vs Market: DOLE's revenue (6.4% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: DOLE's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DOLE's Return on Equity is forecast to be low in 3 years time (14.2%).


Past Performance

How has Dole performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DOLE has a large one-off loss of $35.2M impacting its September 30 2021 financial results.

Growing Profit Margin: DOLE's current net profit margins (0.4%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: DOLE's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: DOLE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DOLE had negative earnings growth (-52.7%) over the past year, making it difficult to compare to the Food industry average (20.4%).


Return on Equity

High ROE: DOLE's Return on Equity (3.7%) is considered low.


Financial Health

How is Dole's financial position?


Financial Position Analysis

Short Term Liabilities: DOLE's short term assets ($1.7B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: DOLE's short term assets ($1.7B) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: DOLE's net debt to equity ratio (83%) is considered high.

Reducing Debt: DOLE's debt to equity ratio has increased from 58.6% to 101.7% over the past 5 years.

Debt Coverage: DOLE's debt is not well covered by operating cash flow (6%).

Interest Coverage: DOLE's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

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

2.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DOLE's dividend (2.53%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: DOLE's dividend (2.53%) is low compared to the top 25% of dividend payers in the US market (3.55%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DOLE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DOLE's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (202.6%), DOLE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DOLE's dividends in 3 years are forecast to be well covered by earnings (17.6% payout ratio).


Next Steps

Management

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

0.3yrs

Average management tenure


CEO

Rory Byrne (59 yo)

0.33

Tenure

US$1,695,077

Compensation

Mr. Rory Patrick Byrne, B Comm, FCA, serves as Director at Dole PLC since February 2021 and its Chief Executive Officer since August 3, 2021. He was the Chief Executive Officer of Total Produce PLC since D...


CEO Compensation Analysis

Compensation vs Market: Rory's total compensation ($USD1.70M) is about average for companies of similar size in the US market ($USD2.31M).

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


Leadership Team

Experienced Management: DOLE's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: DOLE's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


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: DOLE only recently listed within the past 12 months.


Top Shareholders

Company Information

Dole plc's employee growth, exchange listings and data sources


Key Information

  • Name: Dole plc
  • Ticker: DOLE
  • Exchange: NYSE
  • Founded: 1850
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$1.180b
  • Shares outstanding: 93.10m
  • Website: https://www.doleplc.com

Number of Employees


Location

  • Dole plc
  • 29 North Anne Street
  • Dublin 7
  • Dublin
  • Co. Dublin
  • D07 PH36
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/09 00:09
End of Day Share Price2021/12/08 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.