| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
FDP Overview
Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally.
Fresh Del Monte Produce Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$33.99 |
| 52 Week High | US$20.71 |
| 52 Week Low | US$36.57 |
| Beta | 0.72 |
| 1 Month Change | 9.40% |
| 3 Month Change | 11.04% |
| 1 Year Change | 39.42% |
| 3 Year Change | 5.95% |
| 5 Year Change | -43.68% |
| Change since IPO | 99.94% |
Recent News & Updates
Should You Be Adding Fresh Del Monte Produce (NYSE:FDP) To Your Watchlist Today?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Fresh Del Monte Produce: Part Of A Balanced Portfolio
Fresh Del Monte Produce is an interesting business but one that has had some mixed financial results over the years. On the whole, the company appears to be a decent prospect, but it's definitely not the kind of firm that will make investors rich. Rather, it should be considered a candidate for somebody wanting a diverse, reasonable portfolio.
Shareholder Returns
| FDP | US Food | US Market | |
|---|---|---|---|
| 7D | 2.4% | 1.0% | 1.9% |
| 1Y | 39.4% | 9.8% | 33.4% |
Return vs Industry: FDP exceeded the US Food industry which returned 8% over the past year.
Return vs Market: FDP exceeded the US Market which returned 30.3% over the past year.
Price Volatility
| FDP volatility | |
|---|---|
| FDP Beta | 0.72 |
| Industry Beta | 0.71 |
| Market Beta | 1 |
Stable Share Price: FDP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FDP's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1886 | 37,600 | Mohammad Abu-Ghazaleh | https://www.freshdelmonte.com |
Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh and value added products, such as pineapples, melons, grapes, apples, citrus, blueberries, strawberries, pears, tomatoes, peaches, plums, nectarines, cherries and kiwis, avocados, fresh-cut and prepared fruits and vegetables, juices and other beverages, prepared meals and snacks, bananas, and other fruits and vegetables. The company also engages in poultry and meat products business; and ocean freight business.
Fresh Del Monte Produce Fundamentals Summary
| FDP fundamental statistics | |
|---|---|
| Market Cap | US$1.62b |
| Earnings (TTM) | US$108.20m |
| Revenue (TTM) | US$4.22b |
14.9x
P/E Ratio0.4x
P/S RatioIs FDP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FDP income statement (TTM) | |
|---|---|
| Revenue | US$4.22b |
| Cost of Revenue | US$3.89b |
| Gross Profit | US$333.80m |
| Expenses | US$225.60m |
| Earnings | US$108.20m |
Last Reported Earnings
Jul 02, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.28 |
| Gross Margin | 7.91% |
| Net Profit Margin | 2.56% |
| Debt/Equity Ratio | 27.0% |
How did FDP perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield18%
Payout RatioValuation
Is Fresh Del Monte Produce 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: FDP ($33.99) is trading below our estimate of fair value ($90.48)
Significantly Below Fair Value: FDP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FDP is good value based on its PE Ratio (14.9x) compared to the US Food industry average (23.4x).
PE vs Market: FDP is good value based on its PE Ratio (14.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: FDP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FDP is good value based on its PB Ratio (0.9x) compared to the US Food industry average (2.2x).
Future Growth
How is Fresh Del Monte Produce forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDP's earnings are forecast to decline over the next 3 years (-0.5% per year).
Earnings vs Market: FDP's earnings are forecast to decline over the next 3 years (-0.5% per year).
High Growth Earnings: FDP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FDP's revenue (4.2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FDP's revenue (4.2% 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 FDP's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Fresh Del Monte Produce performed over the past 5 years?
-31.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDP has high quality earnings.
Growing Profit Margin: FDP's current net profit margins (2.6%) are higher than last year (0.5%).
Past Earnings Growth Analysis
Earnings Trend: FDP's earnings have declined by 31.4% per year over the past 5 years.
Accelerating Growth: FDP's earnings growth over the past year (367.3%) exceeds its 5-year average (-31.4% per year).
Earnings vs Industry: FDP earnings growth over the past year (367.3%) exceeded the Food industry 25.4%.
Return on Equity
High ROE: FDP's Return on Equity (5.5%) is considered low.
Financial Health
How is Fresh Del Monte Produce's financial position?
Financial Position Analysis
Short Term Liabilities: FDP's short term assets ($1.0B) exceed its short term liabilities ($563.3M).
Long Term Liabilities: FDP's short term assets ($1.0B) exceed its long term liabilities ($916.1M).
Debt to Equity History and Analysis
Debt Level: FDP's debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: FDP's debt to equity ratio has increased from 10.6% to 27% over the past 5 years.
Debt Coverage: FDP's debt is well covered by operating cash flow (40.9%).
Interest Coverage: FDP's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Dividend
What is Fresh Del Monte Produce current dividend yield, its reliability and sustainability?
1.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FDP's dividend (1.77%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: FDP's dividend (1.77%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: FDP's dividend payments have been volatile in the past 10 years.
Growing Dividend: FDP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.5%), FDP's dividend payments are well covered by earnings.
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Mohammad Abu-Ghazaleh (79 yo)
24.83yrs
Tenure
Mr. Mohammad Abu-Ghazaleh has been Chairman and Chief Executive Officer of Fresh Del Monte Produce Inc. since 1996. He also serves as the Chairman of the Royal Jordanian Air Academy. From 1997 to 2010 he s...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Mohammad's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Mohammad's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FDP's management team is considered experienced (2.6 years average tenure).
Board Members
Experienced Board: FDP's board of directors are not considered experienced ( 2.4 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: FDP 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
Fresh Del Monte Produce Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Fresh Del Monte Produce Inc.
- Ticker: FDP
- Exchange: NYSE
- Founded: 1886
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: US$1.615b
- Shares outstanding: 47.52m
- Website: https://www.freshdelmonte.com
Number of Employees
Location
- Fresh Del Monte Produce Inc.
- Apollo House
- 4th Floor
- George Town
- Grand Cayman
- KY1-9005
- Cayman Islands
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 23:12 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/07/02 |
| Annual Earnings | 2021/01/01 |
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.