Fresh Del Monte Produce
Market Cap
US$1.3b
Last Updated
2021/02/24 23:05 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has Fresh Del Monte Produce's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FDP is less volatile than 75% 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.
Market Performance
7 Day Return
3.5%
FDP
0.1%
US Food
-1.4%
US Market
1 Year Return
-8.4%
FDP
11.6%
US Food
37.1%
US Market
Return vs Industry: FDP underperformed the US Food industry which returned 10.2% over the past year.
Return vs Market: FDP underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| FDP | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 0.1% | -1.4% |
| 30 Day | 9.8% | 0.9% | 1.6% |
| 90 Day | 5.5% | 3.5% | 7.3% |
| 1 Year | -7.3%-8.4% | 14.4%11.6% | 40.2%37.1% |
| 3 Year | -41.3%-43.1% | 17.3%7.7% | 62.5%52.1% |
| 5 Year | -32.9%-36.5% | 18.9%2.9% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is Fresh Del Monte Produce's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Much Did Fresh Del Monte Produce's(NYSE:FDP) Shareholders Earn From Share Price Movements Over The Last Three Years?3 weeks ago | Simply Wall St
Is Fresh Del Monte Produce Inc. (NYSE:FDP) A Great Dividend Stock?1 month ago | Simply Wall St
Returns On Capital At Fresh Del Monte Produce (NYSE:FDP) Paint An Interesting PictureValuation
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 ($26.55) is trading below our estimate of fair value ($95.03)
Significantly Below Fair Value: FDP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FDP is poor value based on its PE Ratio (56.3x) compared to the US Food industry average (24.2x).
PE vs Market: FDP is poor value based on its PE Ratio (56.3x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: FDP is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: FDP is good value based on its PB Ratio (0.7x) compared to the US Food industry average (2.2x).
Next Steps
Future Growth
How is Fresh Del Monte Produce forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
96.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDP's forecast earnings growth (96.1% per year) is above the savings rate (2%).
Earnings vs Market: FDP's earnings (96.1% per year) are forecast to grow faster than the US market (20.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FDP's revenue (3.5% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: FDP's revenue (3.5% 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
Next Steps
Past Performance
How has Fresh Del Monte Produce performed over the past 5 years?
-33.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDP has a large one-off loss of $18.0M impacting its September 25 2020 financial results.
Growing Profit Margin: FDP's current net profit margins (0.5%) are lower than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: FDP's earnings have declined by 33.7% per year over the past 5 years.
Accelerating Growth: FDP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FDP had negative earnings growth (-61.1%) over the past year, making it difficult to compare to the Food industry average (8.7%).
Return on Equity
High ROE: FDP's Return on Equity (1.2%) is considered low.
Next Steps
Financial Health
How is Fresh Del Monte Produce's financial position?
Financial Position Analysis
Short Term Liabilities: FDP's short term assets ($990.0M) exceed its short term liabilities ($549.2M).
Long Term Liabilities: FDP's short term assets ($990.0M) exceed its long term liabilities ($940.3M).
Debt to Equity History and Analysis
Debt Level: FDP's debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: FDP's debt to equity ratio has increased from 11.6% to 31.6% over the past 5 years.
Debt Coverage: FDP's debt is well covered by operating cash flow (37.6%).
Interest Coverage: FDP's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Fresh Del Monte Produce current dividend yield, its reliability and sustainability?
1.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FDP's dividend (1.51%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: FDP's dividend (1.51%) is low compared to the top 25% of dividend payers in the US market (3.75%).
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 reasonable payout ratio (63.6%), FDP's dividend payments are 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?
2.0yrs
Average management tenure
CEO
Mohammad Abu-Ghazaleh (78 yo)
24.17yrs
Tenure
US$6,666,332
Compensation
Mr. Mohammad Abu-Ghazaleh has been Chairman and Chief Executive Officer of Fresh Del Monte Produce Inc. since 1996. He also serves as the Chairman of the Royal Jordanian Air Academy. From 1997 to 2010 he s...
CEO Compensation Analysis
Compensation vs Market: Mohammad's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Mohammad's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & COO | no data | US$2.41m | 0.028% $ 366.2k | |
| CFO, Chief Accounting Officer & Senior VP | 1.92yrs | US$773.33k | 0.0041% $ 52.5k | |
| Senior VP & Chief Administrative Officer | 0.17yr | US$725.85k | 0.0041% $ 52.5k | |
| Senior Vice President of North America Operations | 2.25yrs | US$772.59k | 0.0021% $ 27.6k | |
| Chairman & CEO | 24.17yrs | US$6.67m | 14.51% $ 187.3m | |
| VP & Investor Relations Officer | no data | no data | no data | |
| Vice President of Global Human Resources | 0.17yr | no data | no data | |
| Senior Vice President of Shipping Operations | 3.08yrs | no data | 0.0083% $ 106.7k | |
| Chief Sustainability Officer & Senior Vice President of Corporate R&D | 2yrs | no data | 0.0079% $ 102.0k | |
| Senior Vice President of Asia Pacific & Middle East Region | 1.33yrs | no data | 0.022% $ 290.4k | |
| Vice President of Internal Audit | 21.75yrs | no data | no data |
2.0yrs
Average Tenure
58yo
Average Age
Experienced Management: FDP's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 24.17yrs | US$6.67m | 14.51% $ 187.3m | |
| Lead Independent Director | 1.75yrs | US$268.31k | 0.043% $ 552.1k | |
| Independent Director | 21.75yrs | US$236.99k | 0.16% $ 2.1m | |
| Director | 24.17yrs | US$214.98k | 6.86% $ 88.6m | |
| Independent Director | 1.75yrs | US$163.65k | 0.011% $ 147.1k | |
| Director | 2.75yrs | US$5.85m | 0.13% $ 1.7m | |
| Independent Director | 0.83yr | no data | 0.0054% $ 70.1k |
2.8yrs
Average Tenure
71yo
Average Age
Experienced Board: FDP's board of directors are not considered experienced ( 2.8 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 sold more shares than they have bought 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 company bio, 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$1.291b
- Shares outstanding: 47.37m
- Website: https://www.freshdelmonte.com
Number of Employees
Location
- Fresh Del Monte Produce Inc.
- 190 Elgin Avenue
- George Town
- Grand Cayman
- KY1-9005
- Cayman Islands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FDP | NYSE (New York Stock Exchange) | Yes | Ordinary Shares | US | USD | Oct 1997 |
| FDM | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1997 |
Biography
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 internation...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 23:05 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/09/25 |
| Annual Earnings | 2019/12/27 |
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.