Last 7 days
-4.7%
Last 30 days
-4.0%
Last 90 days
1.8%
Trailing 12 Months
-11.3%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 4.3B | 0 | 0 | 0 |
2023 | 4.4B | 4.4B | 4.4B | 4.3B |
2022 | 4.3B | 4.4B | 4.4B | 4.4B |
2021 | 4.2B | 4.2B | 4.2B | 4.3B |
2020 | 4.5B | 4.3B | 4.2B | 4.2B |
2019 | 4.5B | 4.5B | 4.5B | 4.5B |
2018 | 4.2B | 4.3B | 4.4B | 4.5B |
2017 | 4.0B | 4.1B | 4.1B | 4.1B |
2016 | 4.1B | 4.0B | 4.0B | 4.0B |
2015 | 4.0B | 4.0B | 4.0B | 4.1B |
2014 | 3.7B | 3.9B | 3.9B | 3.9B |
2013 | 3.4B | 3.5B | 3.6B | 3.7B |
2012 | 3.5B | 3.4B | 3.4B | 3.4B |
2011 | 3.6B | 3.6B | 3.6B | 3.6B |
2010 | 3.6B | 3.6B | 3.6B | 3.6B |
2009 | 0 | 3.5B | 3.5B | 3.5B |
2008 | 0 | 0 | 0 | 3.5B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
May 04, 2024 | abu ghazaleh amir | acquired | - | - | 5,857 | - |
May 04, 2024 | berthelot michael j | acquired | - | - | 5,857 | - |
May 04, 2024 | abu-ghazaleh ahmad | acquired | - | - | 5,857 | - |
May 04, 2024 | cloyd mary ann | acquired | - | - | 5,857 | - |
May 04, 2024 | beard charles jr. | acquired | - | - | 5,857 | - |
May 04, 2024 | puri ajai | acquired | - | - | 1,325 | - |
May 04, 2024 | marcus lori tauber | acquired | - | - | 5,857 | - |
Mar 30, 2024 | apparecido alexandre | acquired | - | - | 1,083 | vp, global internal audit |
Mar 30, 2024 | apparecido alexandre | sold | -8,420 | 25.91 | -325 | vp, global internal audit |
Mar 14, 2024 | betti tarek ahmad | sold | -24,420 | 24.42 | -1,000 | chief human resources officer |
Which funds bought or sold FDP recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 06, 2024 | TEXAS PERMANENT SCHOOL FUND CORP | added | 1.33 | 160 | 763,956 | 0.01% |
May 06, 2024 | Quantbot Technologies LP | new | - | 313,174 | 313,174 | 0.02% |
May 06, 2024 | Empowered Funds, LLC | added | 8.18 | 361,404 | 5,695,640 | 0.10% |
May 06, 2024 | LEUTHOLD GROUP, LLC | sold off | -100 | -224,884 | - | -% |
May 06, 2024 | Parallel Advisors, LLC | added | 27.44 | 7,574 | 36,948 | -% |
May 06, 2024 | SG Americas Securities, LLC | added | 225 | 882,000 | 1,281,000 | 0.01% |
May 06, 2024 | Investors Research Corp | unchanged | - | -306 | 23,319 | -% |
May 06, 2024 | TEACHER RETIREMENT SYSTEM OF TEXAS | added | 206 | 2,540,000 | 3,794,000 | 0.02% |
May 06, 2024 | HighTower Advisors, LLC | reduced | -40.11 | -162,000 | 241,000 | -% |
May 06, 2024 | LSV ASSET MANAGEMENT | added | 14.38 | 833,000 | 7,296,000 | 0.01% |
Unveiling Fresh Del Monte Produce Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Fresh Del Monte Produce Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
ADM | 30.5B | 91.7B | 10.01 | 0.33 | ||||
BG | 15.2B | 61.3B | 7.7 | 0.25 | ||||
CAG | 14.7B | 12.1B | 15.42 | 1.21 | ||||
CPB | 13.5B | 9.3B | 17.57 | 1.45 | ||||
ACI | 11.9B | 79.2B | 9.17 | 0.15 | ||||
MID-CAP | ||||||||
BRBR | 7.6B | 1.8B | 39.8 | 4.13 | ||||
FRPT | 5.8B | 823.2M | 598.08 | 7.1 | ||||
FLO | 5.3B | 5.1B | 42.79 | 1.04 | ||||
CALM | 2.8B | 2.4B | 10.09 | 1.17 | ||||
CENT | 2.8B | 3.3B | 20.64 | 0.84 | ||||
SMALL-CAP | ||||||||
ANDE | 1.9B | 14.8B | 18.77 | 0.13 | ||||
BGS | 891.6M | 2.1B | -13.47 | 0.43 | ||||
BYND | 534.2M | 343.4M | -1.58 | 1.56 | ||||
ALCO | 198.4M | 103.1M | 4.97 | 1.92 | ||||
AQB | 7.3M | 2.5M | -0.26 | 2.93 |
Fresh Del Monte Produce Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | 9.8% | 1,108 | 1,009 | 1,003 | 1,181 | 1,129 | 1,040 | 1,054 | 1,212 | 1,137 | 1,017 | 1,005 | 1,142 | 1,088 | 1,002 | 990 | 1,092 | 1,118 | 1,025 | 1,070 | 1,239 | 1,154 |
Gross Profit | 31.7% | 82.00 | 63.00 | 74.00 | 117 | 97.00 | 82.00 | 88.00 | 81.00 | 90.00 | 40.00 | 49.00 | 110 | 105 | 36.00 | 67.00 | 79.00 | 69.00 | 38.00 | 76.00 | 98.00 | 95.00 |
S&GA Expenses | 14.8% | 51.00 | 44.00 | 48.00 | 47.00 | 48.00 | 48.00 | 47.00 | 47.00 | 45.00 | 45.00 | 48.00 | 51.00 | 49.00 | 54.00 | 44.00 | 46.00 | 53.00 | 51.00 | 51.00 | 45.00 | 54.00 |
EBITDA Margin | -24.2% | 0.02* | 0.03* | 0.06* | 0.07* | 0.06* | 0.05* | 0.04* | 0.03* | 0.04* | 0.05* | - | - | - | - | - | - | - | - | - | - | - |
Interest Expenses | 44.4% | 5.00 | 4.00 | 6.00 | 7.00 | 8.00 | 7.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 5.00 | 6.00 | 6.00 | 7.00 | 7.00 |
Income Taxes | 177.9% | 5.00 | -6.80 | 4.00 | 11.00 | 10.00 | 6.00 | 3.00 | 5.00 | 6.00 | -7.15 | -6.60 | 5.00 | 11.00 | -4.40 | 5.00 | 4.00 | 0.00 | 1.00 | 3.00 | 9.00 | 9.00 |
Earnings Before Taxes | 127.7% | 31.00 | -113 | 13.00 | 60.00 | 57.00 | 25.00 | 36.00 | 26.00 | 31.00 | -17.85 | -5.10 | 53.00 | 52.00 | -5.40 | 21.00 | 22.00 | 13.00 | -23.70 | 21.00 | 48.00 | 46.00 |
EBT Margin | -157.2% | 0.00* | 0.00* | 0.04* | 0.04* | 0.03* | 0.03* | 0.02* | 0.01* | 0.01* | 0.02* | - | - | - | - | - | - | - | - | - | - | - |
Net Income | 124.5% | 26.00 | -106 | 8.00 | 48.00 | 39.00 | 18.00 | 33.00 | 21.00 | 26.00 | -11.20 | 1.00 | 47.00 | 43.00 | 1.00 | 17.00 | 18.00 | 13.00 | -25.80 | 18.00 | 38.00 | 36.00 |
Net Income Margin | -114.2% | -0.01* | 0.00* | 0.03* | 0.03* | 0.03* | 0.02* | 0.02* | 0.01* | 0.01* | 0.02* | - | - | - | - | - | - | - | - | - | - | - |
Free Cashflow | 950.0% | 19.00 | -2.20 | 27.00 | 97.00 | -4.80 | -64.20 | -9.70 | 75.00 | -20.60 | -43.40 | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 0.5% | 3,200 | 3,184 | 3,349 | 3,373 | 3,443 | 3,459 | 3,396 | 3,396 | 3,502 | 3,398 | 3,388 | 3,375 | 3,423 | 3,263 | 3,281 | 3,294 | 3,396 | 3,350 | 3,345 | 3,419 | 3,511 |
Current Assets | 3.2% | 1,181 | 1,144 | 1,165 | 1,178 | 1,246 | 1,241 | 1,193 | 1,145 | 1,218 | 1,096 | 1,047 | 1,032 | 1,099 | 1,012 | 990 | 1,004 | 1,092 | 1,052 | 1,049 | 1,095 | 1,189 |
Cash Equivalents | 24.9% | 42.00 | 34.00 | 78.00 | 44.00 | 36.00 | 17.00 | 28.00 | 16.00 | 25.00 | 16.00 | 19.00 | 20.00 | 26.00 | 17.00 | 14.00 | 32.00 | 21.00 | 33.00 | 16.00 | 16.00 | 22.00 |
Inventory | -4.1% | 575 | 600 | 587 | 583 | 647 | 669 | 622 | 569 | 621 | 603 | 539 | 496 | 513 | 508 | 501 | 496 | 560 | 552 | 537 | 531 | 576 |
Net PPE | -1.7% | 1,235 | 1,256 | 1,276 | 1,281 | 1,295 | 1,310 | 1,321 | 1,370 | 1,397 | 1,416 | 1,419 | 1,430 | 1,419 | 1,420 | 1,399 | 1,390 | 1,397 | 1,403 | 1,406 | 1,416 | 1,404 |
Goodwill | 0.0% | 402 | 402 | 423 | 423 | 423 | 423 | 422 | 423 | 423 | 424 | 424 | 424 | 424 | 424 | 424 | 423 | 423 | 424 | 423 | 424 | 424 |
Liabilities | 0.0% | 1,272 | 1,271 | 1,302 | 1,327 | 1,424 | 1,484 | 1,438 | 1,464 | 1,579 | 1,525 | 1,506 | 1,479 | 1,565 | 1,463 | 1,490 | 1,519 | 1,630 | 1,551 | 1,525 | 1,596 | 1,709 |
Current Liabilities | 1.0% | 546 | 541 | 578 | 598 | 603 | 607 | 635 | 663 | 676 | 629 | 589 | 563 | 599 | 555 | 549 | 552 | 593 | 563 | 539 | 1,200 | 621 |
Long Term Debt | -0.1% | 406 | 406 | - | - | - | 547 | - | - | - | 528 | - | - | - | 542 | - | - | - | 587 | - | - | 700 |
Shareholder's Equity | 1.7% | 1,928 | 1,896 | 2,030 | 2,046 | 1,429 | 1,905 | 1,888 | 1,360 | 1,875 | 1,328 | 1,810 | 1,846 | 1,809 | 22.00 | 1,718 | 1,720 | 1.00 | 25.00 | 1,280 | 54.00 | 532 |
Retained Earnings | 1.0% | 1,355 | 1,341 | 1,466 | 1,467 | 1,429 | 1,398 | 1,386 | 1,360 | 1,346 | 1,328 | 1,346 | 1,352 | 1,309 | 1,271 | 1,275 | 1,260 | 1,254 | 1,253 | 1,280 | 1,271 | 1,239 |
Additional Paid-In Capital | 0.2% | 599 | 598 | 599 | 596 | 551 | 548 | 546 | 544 | 543 | 541 | 539 | 537 | 535 | 533 | 532 | 530 | 532 | 531 | 530 | 531 | 532 |
Shares Outstanding | 0.6% | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 47.00 | 47.00 | - | - | - | - | - | - | - | - | - |
Minority Interest | 0% | 16.00 | 16.00 | 17.00 | 16.00 | 29.00 | 21.00 | 21.00 | 22.00 | 22.00 | 22.00 | 22.00 | 21.00 | 21.00 | 22.00 | 23.00 | 25.00 | 24.00 | 25.00 | 24.00 | 25.00 | 25.00 |
Float | - | - | - | - | 887 | - | - | - | 1,031 | - | - | - | 1,089 | - | - | - | 766 | - | - | - | 838 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | 950.0% | 18,700 | -2,200 | 47,400 | 117,200 | 15,500 | -43,900 | 10,600 | 95,400 | -300 | -23,100 | 12,100 | 92,700 | 46,800 | 6,700 | 63,400 | 108,300 | 2,200 | 39,000 | 65,100 | 72,200 | -7,200 |
Share Based Compensation | -73.9% | 600 | 2,300 | 2,500 | 2,800 | 2,300 | 2,000 | 2,100 | 1,100 | 1,700 | 1,800 | 2,100 | 2,100 | 1,600 | 1,300 | 1,500 | 2,100 | 2,600 | 1,400 | 900 | 1,900 | 4,200 |
Cashflow From Investing | 128.9% | 3,900 | -13,500 | -3,800 | -5,900 | 79,600 | -11,500 | -12,500 | -8,500 | -16,600 | -15,300 | -12,700 | -28,600 | -25,900 | -26,300 | -49,300 | -17,100 | -16,100 | -7,400 | -3,300 | -11,900 | -29,600 |
Cashflow From Financing | 28.3% | -16,000 | -22,300 | -11,000 | -104,300 | -75,900 | 45,000 | 15,400 | -99,100 | 26,700 | 33,500 | -4,200 | -69,800 | -12,700 | 25,600 | -32,000 | -79,600 | 200 | -12,600 | -60,000 | -71,500 | 35,200 |
Dividend Payments | -100.0% | - | 9,500 | 9,600 | 9,600 | 7,200 | 7,200 | 7,200 | 7,100 | 7,200 | 7,100 | 7,100 | 4,800 | 4,700 | 4,700 | 2,400 | 2,400 | 4,800 | 3,800 | 2,900 | - | - |
Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,750 | 13,000 | 2,300 | 4,450 | 2,600 | 6,400 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions | 3 Months Ended | |
---|---|---|
Mar. 29, 2024 | Mar. 31, 2023 | |
Income Statement [Abstract] | ||
Net sales | $ 1,107.9 | $ 1,128.5 |
Cost of products sold | 1,025.6 | 1,031.5 |
Gross profit | 82.3 | 97.0 |
Selling, general and administrative expenses | 50.7 | 47.6 |
Gain on disposal of property, plant and equipment, net | 14.8 | 27.5 |
Asset impairment and other charges, net | 2.3 | 2.4 |
Operating income | 44.1 | 74.5 |
Interest expense | 5.2 | 8.0 |
Interest income | 0.2 | 0.1 |
Other expense, net | 7.7 | 9.3 |
Income before income taxes | 31.4 | 57.3 |
Income tax provision | 5.3 | 9.5 |
Net income | 26.1 | 47.8 |
Less: Net income attributable to redeemable and noncontrolling interests | 0.0 | 8.8 |
Net income attributable to Fresh Del Monte Produce Inc. | $ 26.1 | $ 39.0 |
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share) | $ 0.55 | $ 0.81 |
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share) | 0.55 | 0.81 |
Dividends declared per ordinary share (usd per share) | $ 0.25 | $ 0.15 |
Weighted average number of ordinary shares: | ||
Basic (shares) | 47,709,355 | 47,892,934 |
Diluted (shares) | 47,903,920 | 48,153,540 |
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions | Mar. 29, 2024 | Dec. 29, 2023 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 42.2 | $ 33.8 |
Trade accounts receivable, net of allowance of $23.2 and $20.8, respectively | 435.0 | 387.0 |
Other accounts receivable, net of allowance of $5.8 and $5.6, respectively | 94.2 | 95.1 |
Inventories, net | 575.1 | 599.9 |
Assets held for sale | 11.7 | 4.5 |
Prepaid expenses and other current assets | 22.3 | 24.0 |
Total current assets | 1,180.5 | 1,144.3 |
Investments in and advances to unconsolidated companies | 26.2 | 22.2 |
Property, plant and equipment, net | 1,234.8 | 1,256.4 |
Operating lease right-of-use assets | 201.3 | 213.8 |
Goodwill | 401.8 | 401.9 |
Intangible assets, net | 33.2 | 33.3 |
Deferred income taxes | 53.5 | 51.5 |
Other noncurrent assets | 68.7 | 60.7 |
Total assets | 3,200.0 | 3,184.1 |
Current liabilities: | ||
Accounts payable and accrued expenses | 484.7 | 479.0 |
Current maturities of debt and finance leases | 1.4 | 1.4 |
Current maturities of operating leases | 44.9 | 48.6 |
Income taxes and other taxes payable | 15.2 | 11.6 |
Total current liabilities | 546.2 | 540.6 |
Long-term debt and finance leases | 405.8 | 406.1 |
Retirement benefits | 83.8 | 82.3 |
Deferred income taxes | 76.2 | 72.7 |
Operating leases, less current maturities | 133.9 | 142.1 |
Other noncurrent liabilities | 26.0 | 27.6 |
Total liabilities | 1,271.9 | 1,271.4 |
Commitments and Contingencies (See note 9) | ||
Redeemable noncontrolling interest | 0.0 | 0.0 |
Shareholders' equity: | ||
Preferred shares, $0.01 par value; 50,000,000 shares authorized; none issued or outstanding | 0.0 | 0.0 |
Ordinary shares, $0.01 par value; 200,000,000 shares authorized; 47,896,132 and 47,629,018 issued and outstanding, respectively | 0.5 | 0.5 |
Paid-in capital | 598.7 | 597.7 |
Retained earnings | 1,355.2 | 1,341.4 |
Accumulated other comprehensive loss | (42.7) | (43.3) |
Total Fresh Del Monte Produce Inc. shareholders' equity | 1,911.7 | 1,896.3 |
Noncontrolling interests | 16.4 | 16.4 |
Total shareholders' equity | 1,928.1 | 1,912.7 |
Total liabilities, redeemable noncontrolling interest and shareholders' equity | $ 3,200.0 | $ 3,184.1 |