NYSE:FDP

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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


Snowflake Analysis

Excellent balance sheet and fair 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 not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FDP's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

3.8%

FDP

0.8%

US Food

2.8%

US Market


1 Year Return

-23.5%

FDP

5.0%

US Food

20.9%

US Market

Return vs Industry: FDP underperformed the US Food industry which returned 5% over the past year.

Return vs Market: FDP underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

FDPIndustryMarket
7 Day3.8%0.8%2.8%
30 Day14.0%5.1%11.1%
90 Day5.8%-1.0%6.5%
1 Year-22.5%-23.5%7.6%5.0%23.6%20.9%
3 Year-46.7%-48.4%5.7%-3.0%47.3%37.6%
5 Year-39.2%-42.4%20.2%4.0%94.3%72.9%

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

Valuation

Is Fresh Del Monte Produce undervalued compared to its fair value and its price relative to the market?

15.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FDP ($25.03) is trading below our estimate of fair value ($29.6)

Significantly Below Fair Value: FDP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FDP is poor value based on its PE Ratio (53.1x) compared to the US Food industry average (25.4x).

PE vs Market: FDP is poor value based on its PE Ratio (53.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: FDP is good value based on its PEG Ratio (0.7x)


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 2 analysts?

79.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDP's forecast earnings growth (79.4% per year) is above the savings rate (2.2%).

Earnings vs Market: FDP's earnings (79.4% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FDP's revenue (6.4% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: FDP'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: 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 (-6.3%).


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?

1.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FDP's dividend (1.6%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: FDP's dividend (1.6%) is low compared to the top 25% of dividend payers in the US market (4.08%).


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?

2.3yrs

Average management tenure


CEO

Mohammad Abu-Ghazaleh (78 yo)

23.92yrs

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 ($USD0.00) is below average for companies of similar size in the US market ($USD2.56M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Youssef Zakharia
President & COOno dataUS$2.41m0.028%
$ 336.4k
Eduardo Bezerra
CFO, Chief Accounting Officer & Senior VP1.67yrsUS$773.33k0.0041%
$ 48.3k
Marlene Gordon
Senior VPno dataUS$725.85k0.0041%
$ 48.3k
Annunciata Cerioli
Senior Vice President of North America Operations2yrsUS$772.59k0.0021%
$ 25.4k
Mohammad Abu-Ghazaleh
Chairman & CEO23.92yrsUS$6.67m14.55%
$ 172.6m
Christine Cannella
VP & Investor Relations Officerno datano datano data
Martha Jeifetz
Senior Vice President of Human Resources2.67yrsno data0.0020%
$ 23.6k
Helmuth Lutty
Senior Vice President of Shipping Operations2.83yrsno data0.0083%
$ 98.0k
Hans Sauter
Chief Sustainability Officer & Senior Vice President of Corporate R&D1.75yrsno data0.0079%
$ 93.7k
Mohammed Abbas
Senior Vice President of Asia Pacific & Middle East Region1.08yrsno data0.022%
$ 266.8k
Antolin Saiz
Vice President of Internal Audit21.5yrsno datano data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Management: FDP's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mohammad Abu-Ghazaleh
Chairman & CEO23.92yrsUS$6.67m14.55%
$ 172.6m
Michael Berthelot
Lead Independent Director1.5yrsUS$268.31k0.042%
$ 495.9k
John Dalton
Independent Director21.5yrsUS$236.99k0.16%
$ 1.9m
Amir Abu-Ghazaleh
Director23.92yrsUS$214.98k6.86%
$ 81.4m
Mary Cloyd
Independent Director1.5yrsUS$163.65k0.010%
$ 123.9k
Ahmad Mohammad Abu-Ghazaleh
Director2.5yrsUS$5.85m0.13%
$ 1.6m
Charles Beard
Independent Director0.58yrno data0.0024%
$ 28.2k

2.5yrs

Average Tenure

71yo

Average Age

Experienced Board: FDP's board of directors are not considered experienced ( 2.5 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: 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$1.186b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FDPNYSE (New York Stock Exchange)YesOrdinary SharesUSUSDOct 1997
FDMDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:09
End of Day Share Price2020/11/27 00:00
Earnings2020/09/25
Annual Earnings2019/12/27


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.