DEL MONTE CORP DMC
Fresh Del Monte Produce Inc. (the "Company," "we" or "us") is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide primarily under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability since 1892. Our global sourcing and logistics network allows us to provide consistent delivery of high-quality products and value-added services to our customers.
We have leading market positions in the following product categories and we believe we are:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.32B | $4.28B | $4.32B | $4.44B | $4.25B | $4.20B | $4.49B | $4.49B | $4.09B | $4.01B |
| Cost of revenue | $3.92B | $3.92B | $3.97B | $4.10B | $3.95B | $3.95B | $4.18B | $4.21B | $3.75B | $3.55B |
| Gross profit | $399.1M | $357.9M | $350.7M | $340.2M | $303.8M | $250.9M | $306.4M | $285.9M | $331.6M | $461.4M |
| SG&A | $212.7M | $196.9M | $186.7M | $186.8M | $192.9M | $196.2M | $201.5M | $200.8M | $173.2M | $187.4M |
| Operating income | $137.4M | $196.3M | $58.5M | $156.3M | $111.0M | $76.5M | $114.1M | $38.6M | $152.7M | $244.2M |
| Interest expense | $11.2M | $18.4M | $24.1M | $24.4M | $20.3M | $21.4M | $25.4M | $23.6M | $6.4M | $4.1M |
| Pre-tax income | $130.9M | $170.7M | $16.5M | $117.8M | $81.9M | $51.3M | $90.7M | $200.0K | $144.1M | $237.4M |
| Income tax | $37.4M | $29.1M | $18.1M | $20.1M | $2.0M | $5.0M | $21.4M | $16.1M | $24.9M | $11.8M |
| Net income | $93.5M | $141.6M | -$1.6M | $97.7M | $79.9M | $49.2M | $66.5M | -$21.9M | $120.8M | $225.1M |
| EPS, basic | 1.90 | 2.97 | -0.24 | 2.06 | 1.68 | 1.03 | 1.38 | -0.45 | 2.40 | 4.37 |
| EPS, diluted | 1.88 | 2.96 | -0.24 | 2.06 | 1.68 | 1.03 | 1.37 | -0.45 | 2.39 | 4.33 |
| Shares, diluted (wtd. avg.) | $48.2M | $48.0M | $48.0M | $47.9M | $47.7M | $47.7M | $48.4M | $48.6M | $50.6M | $52.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $35.7M | $32.6M | $33.8M | $17.2M | $16.1M | $16.5M | $33.3M | $21.3M | $25.1M | $20.1M |
| Receivables | $376.1M | $393.2M | $387.0M | $373.5M | $342.9M | $359.0M | $363.9M | $378.3M | $358.8M | $349.2M |
| Inventory | $581.9M | $595.3M | $599.9M | $669.0M | $602.8M | $507.7M | $551.8M | $565.3M | $541.8M | $493.2M |
| Total current assets | $1.14B | $1.13B | $1.14B | $1.24B | $1.10B | $1.01B | $1.05B | $1.14B | $1.02B | $961.1M |
| Property, plant and equipment | $1.12B | $1.19B | $1.26B | $1.31B | $1.42B | $1.42B | $1.40B | $1.39B | $1.33B | $1.27B |
| Goodwill | $390.0M | $396.3M | $401.9M | $422.9M | $423.7M | $424.0M | $423.7M | $423.4M | $261.9M | $260.9M |
| Other intangibles | $33.1M | $33.2M | $33.3M | $135.0M | $142.8M | $150.4M | $158.2M | $166.9M | $45.9M | $3.4M |
| Total assets | $3.06B | $3.10B | $3.18B | $3.46B | $3.40B | $3.26B | $3.35B | $3.26B | $2.77B | $2.65B |
| Accounts payable | $467.3M | $476.0M | $479.0M | $549.9M | $580.1M | $511.8M | $522.2M | $576.6M | $382.4M | $360.5M |
| Total current liabilities | $529.3M | $533.1M | $540.6M | $607.0M | $629.2M | $554.8M | $562.9M | $586.0M | $393.8M | $369.1M |
| Long-term debt | — | — | — | — | — | — | — | $725.0M | $395.5M | $268.6M |
| Total liabilities | $1.03B | $1.09B | $1.27B | $1.48B | $1.52B | $1.46B | $1.55B | $1.49B | $975.7M | $836.9M |
| Retained earnings | $1.45B | $1.44B | $1.34B | $1.40B | $1.33B | $1.27B | $1.25B | $1.21B | $1.27B | $1.29B |
| Total equity | $2.02B | $1.99B | $1.90B | $1.90B | $1.80B | $1.73B | $1.72B | $1.69B | $1.77B | $1.79B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $245.1M | $182.5M | $177.9M | $61.8M | $128.5M | $180.6M | $169.1M | $246.6M | $194.2M | $344.6M |
| Depreciation and amortisation | $72.5M | $78.5M | $84.8M | $92.5M | $96.8M | $95.0M | $97.9M | $100.5M | $79.9M | $78.5M |
| Stock-based compensation | $10.0M | $6.9M | $9.9M | $6.9M | $7.6M | $7.5M | $8.4M | $11.5M | $12.1M | $24.9M |
| Capital expenditure | $63.8M | $51.7M | $57.7M | $48.1M | $98.5M | $150.0M | $122.3M | $150.5M | $138.5M | $146.7M |
| Investing cash flow | -$48.7M | $20.4M | $56.4M | -$49.1M | -$82.5M | -$108.8M | -$52.2M | -$494.8M | -$133.8M | -$143.3M |
| Financing cash flow | -$165.7M | -$209.9M | -$213.5M | -$12.0M | -$53.2M | -$85.8M | -$108.9M | $242.0M | -$53.8M | -$205.4M |
| Dividends paid | $57.4M | $47.8M | $35.9M | $28.7M | $23.7M | $14.3M | $6.7M | $29.0M | $30.1M | $28.2M |
| Buybacks | $29.8M | $0 | $11.8M | $0 | $0 | $20.8M | $17.9M | $29.4M | $142.0M | $108.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-175837.
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