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FDP

Fresh Del Monte ProduceNYSE:FDP Stock Report

Market Cap

US$1.6b

7D

2.4%

1Y

39.4%

Updated

25 Oct, 2021

Data

Company Financials +
FDP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

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

Nestlé

SWX:NESN

CHF321.3b

PepsiCo

NasdaqGS:PEP

US$220.1b

Mondelez International

NasdaqGS:MDLZ

US$84.3b

Keurig Dr Pepper

NasdaqGS:KDP

US$48.8b

Price History & Performance

Summary of all time highs, changes and price drops for Fresh Del Monte Produce
Historical stock prices
Current Share PriceUS$33.99
52 Week HighUS$20.71
52 Week LowUS$36.57
Beta0.72
1 Month Change9.40%
3 Month Change11.04%
1 Year Change39.42%
3 Year Change5.95%
5 Year Change-43.68%
Change since IPO99.94%

Recent News & Updates

Sep 09
Should You Be Adding Fresh Del Monte Produce (NYSE:FDP) To Your Watchlist Today?

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...

Aug 27

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

FDPUS FoodUS Market
7D2.4%1.0%1.9%
1Y39.4%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

Is FDP's price volatile compared to industry and market?
FDP volatility
FDP Beta0.72
Industry Beta0.71
Market Beta1

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

FoundedEmployeesCEOWebsite
188637,600Mohammad Abu-Ghazalehhttps://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

How do Fresh Del Monte Produce's earnings and revenue compare to its market cap?
FDP fundamental statistics
Market CapUS$1.62b
Earnings (TTM)US$108.20m
Revenue (TTM)US$4.22b

14.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FDP income statement (TTM)
RevenueUS$4.22b
Cost of RevenueUS$3.89b
Gross ProfitUS$333.80m
ExpensesUS$225.60m
EarningsUS$108.20m

Last Reported Earnings

Jul 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.28
Gross Margin7.91%
Net Profit Margin2.56%
Debt/Equity Ratio27.0%

How did FDP perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

18%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 23:12
End of Day Share Price2021/10/25 00:00
Earnings2021/07/02
Annual Earnings2021/01/01


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.