DOLE PLC (DOLE) Stock Fundamental Analysis
NYSE:DOLE - New York Stock Exchange, Inc. - IE0003LFZ4U7 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to DOLE. DOLE was compared to 91 industry peers in the Food Products industry. While DOLE is still in line with the averages on profitability rating, there are concerns on its financial health. DOLE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
DOLE had positive earnings in the past year.
In the past year DOLE had a positive cash flow from operations.
Of the past 5 years DOLE 4 years were profitable.
Each year in the past 5 years DOLE had a positive operating cash flow.
1.2 Ratios
DOLE's Return On Assets of 2.09% is in line compared to the rest of the industry. DOLE outperforms 46.15% of its industry peers.
DOLE's Return On Equity of 7.05% is fine compared to the rest of the industry. DOLE outperforms 60.44% of its industry peers.
DOLE has a better Return On Invested Capital (5.75%) than 61.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DOLE is significantly below the industry average of 28.11%.
The 3 year average ROIC (4.79%) for DOLE is below the current ROIC(5.75%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.09% | ||
| ROE | 7.05% | ||
| ROIC | 5.75% |
ROA(3y)2.48%
ROA(5y)2.01%
ROE(3y)9.03%
ROE(5y)7.25%
ROIC(3y)4.79%
ROIC(5y)N/A
1.3 Margins
DOLE has a Profit Margin of 1.12%. This is comparable to the rest of the industry: DOLE outperforms 40.66% of its industry peers.
DOLE's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 2.74%, DOLE is in line with its industry, outperforming 46.15% of the companies in the same industry.
In the last couple of years the Operating Margin of DOLE has grown nicely.
The Gross Margin of DOLE (8.34%) is worse than 78.02% of its industry peers.
In the last couple of years the Gross Margin of DOLE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.74% | ||
| PM (TTM) | 1.12% | ||
| GM | 8.34% |
OM growth 3YN/A
OM growth 5Y19.19%
PM growth 3YN/A
PM growth 5Y2.29%
GM growth 3Y16.12%
GM growth 5Y3.13%
2. Health
2.1 Basic Checks
DOLE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
DOLE has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for DOLE has been increased compared to 5 years ago.
The debt/assets ratio for DOLE has been reduced compared to a year ago.
2.2 Solvency
DOLE has an Altman-Z score of 2.61. This is not the best score and indicates that DOLE is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.61, DOLE is doing good in the industry, outperforming 62.64% of the companies in the same industry.
DOLE has a debt to FCF ratio of 10.23. This is a negative value and a sign of low solvency as DOLE would need 10.23 years to pay back of all of its debts.
DOLE's Debt to FCF ratio of 10.23 is in line compared to the rest of the industry. DOLE outperforms 59.34% of its industry peers.
DOLE has a Debt/Equity ratio of 0.71. This is a neutral value indicating DOLE is somewhat dependend on debt financing.
The Debt to Equity ratio of DOLE (0.71) is worse than 62.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 10.23 | ||
| Altman-Z | 2.61 |
ROIC/WACC0.9
WACC6.38%
2.3 Liquidity
A Current Ratio of 1.26 indicates that DOLE should not have too much problems paying its short term obligations.
DOLE has a worse Current ratio (1.26) than 65.93% of its industry peers.
DOLE has a Quick Ratio of 1.26. This is a bad value and indicates that DOLE is not financially healthy enough and could expect problems in meeting its short term obligations.
DOLE's Quick ratio of 0.98 is in line compared to the rest of the industry. DOLE outperforms 56.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The earnings per share for DOLE have decreased strongly by -11.19% in the last year.
Measured over the past years, DOLE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.30% on average per year.
DOLE shows a small growth in Revenue. In the last year, the Revenue has grown by 0.91%.
The Revenue has been growing by 15.26% on average over the past years. This is quite good.
EPS 1Y (TTM)-11.19%
EPS 3YN/A
EPS 5Y17.3%
EPS Q2Q%-18.6%
Revenue 1Y (TTM)0.91%
Revenue growth 3Y9.5%
Revenue growth 5Y15.26%
Sales Q2Q%-1.02%
3.2 Future
Based on estimates for the next years, DOLE will show a small growth in Earnings Per Share. The EPS will grow by 6.88% on average per year.
Based on estimates for the next years, DOLE will show a small growth in Revenue. The Revenue will grow by 2.73% on average per year.
EPS Next Y4.17%
EPS Next 2Y9.73%
EPS Next 3Y6.88%
EPS Next 5YN/A
Revenue Next Year3.56%
Revenue Next 2Y2.74%
Revenue Next 3Y2.73%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.84, the valuation of DOLE can be described as reasonable.
Based on the Price/Earnings ratio, DOLE is valued a bit cheaper than 76.92% of the companies in the same industry.
When comparing the Price/Earnings ratio of DOLE to the average of the S&P500 Index (27.30), we can say DOLE is valued rather cheaply.
DOLE is valuated reasonably with a Price/Forward Earnings ratio of 9.21.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DOLE indicates a rather cheap valuation: DOLE is cheaper than 93.41% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, DOLE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.84 | ||
| Fwd PE | 9.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DOLE is valued cheaply inside the industry as 81.32% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DOLE indicates a somewhat cheap valuation: DOLE is cheaper than 75.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.87 | ||
| EV/EBITDA | 6.16 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DOLE does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of DOLE may justify a higher PE ratio.
PEG (NY)2.84
PEG (5Y)0.68
EPS Next 2Y9.73%
EPS Next 3Y6.88%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.32%, DOLE has a reasonable but not impressive dividend return.
DOLE's Dividend Yield is a higher than the industry average which is at 4.71.
DOLE's Dividend Yield is comparable with the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
5.2 History
DOLE has been paying a dividend for over 5 years, so it has already some track record.
DOLE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
32.59% of the earnings are spent on dividend by DOLE. This is a low number and sustainable payout ratio.
DP32.59%
EPS Next 2Y9.73%
EPS Next 3Y6.88%
14.09
+0.07 (+0.5%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners54.48%
Inst Owner Change0%
Ins Owners12.53%
Ins Owner ChangeN/A
Market Cap1.34B
Analysts78
Price Target17.6 (24.91%)
Short Float %2.54%
Short Ratio2.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
Yearly Dividend0.32
Dividend Growth(5Y)N/A
DP32.59%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)48.57%
Min EPS beat(2)-12.02%
Max EPS beat(2)109.15%
EPS beat(4)2
Avg EPS beat(4)25.72%
Min EPS beat(4)-12.02%
Max EPS beat(4)109.15%
EPS beat(8)6
Avg EPS beat(8)51.26%
EPS beat(12)10
Avg EPS beat(12)50.74%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.3%
Min Revenue beat(2)0.4%
Max Revenue beat(2)4.21%
Revenue beat(4)3
Avg Revenue beat(4)1.32%
Min Revenue beat(4)-0.52%
Max Revenue beat(4)4.21%
Revenue beat(8)3
Avg Revenue beat(8)-2.32%
Revenue beat(12)4
Avg Revenue beat(12)-4.09%
Revenue beat(16)4
Avg Revenue beat(16)-8.97%
PT rev (1m)0%
PT rev (3m)4.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.77%
EPS NY rev (3m)-1.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.84 | ||
| Fwd PE | 9.21 | ||
| P/S | 0.16 | ||
| P/FCF | 13.87 | ||
| P/OCF | 6.27 | ||
| P/B | 1 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | 6.16 |
EPS(TTM)1.19
EY8.45%
EPS(NY)1.53
Fwd EY10.85%
FCF(TTM)1.02
FCFY7.21%
OCF(TTM)2.25
OCFY15.94%
SpS88.85
BVpS14.06
TBVpS5.99
PEG (NY)2.84
PEG (5Y)0.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.09% | ||
| ROE | 7.05% | ||
| ROCE | 7.83% | ||
| ROIC | 5.75% | ||
| ROICexc | 6.3% | ||
| ROICexgc | 8.8% | ||
| OM | 2.74% | ||
| PM (TTM) | 1.12% | ||
| GM | 8.34% | ||
| FCFM | 1.14% |
ROA(3y)2.48%
ROA(5y)2.01%
ROE(3y)9.03%
ROE(5y)7.25%
ROIC(3y)4.79%
ROIC(5y)N/A
ROICexc(3y)5.33%
ROICexc(5y)N/A
ROICexgc(3y)7.77%
ROICexgc(5y)N/A
ROCE(3y)6.52%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y13.31%
ROICexc growth 3YN/A
ROICexc growth 5Y13.52%
OM growth 3YN/A
OM growth 5Y19.19%
PM growth 3YN/A
PM growth 5Y2.29%
GM growth 3Y16.12%
GM growth 5Y3.13%
F-Score5
Asset Turnover1.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 10.23 | ||
| Debt/EBITDA | 2.83 | ||
| Cap/Depr | 115.6% | ||
| Cap/Sales | 1.38% | ||
| Interest Coverage | 3.48 | ||
| Cash Conversion | 64.17% | ||
| Profit Quality | 102.5% | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 2.61 |
F-Score5
WACC6.38%
ROIC/WACC0.9
Cap/Depr(3y)77.72%
Cap/Depr(5y)77.37%
Cap/Sales(3y)0.99%
Cap/Sales(5y)0.91%
Profit Quality(3y)161.36%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.19%
EPS 3YN/A
EPS 5Y17.3%
EPS Q2Q%-18.6%
EPS Next Y4.17%
EPS Next 2Y9.73%
EPS Next 3Y6.88%
EPS Next 5YN/A
Revenue 1Y (TTM)0.91%
Revenue growth 3Y9.5%
Revenue growth 5Y15.26%
Sales Q2Q%-1.02%
Revenue Next Year3.56%
Revenue Next 2Y2.74%
Revenue Next 3Y2.73%
Revenue Next 5YN/A
EBIT growth 1Y-2.57%
EBIT growth 3YN/A
EBIT growth 5Y37.38%
EBIT Next Year51.3%
EBIT Next 3Y17.15%
EBIT Next 5YN/A
FCF growth 1Y-67.66%
FCF growth 3YN/A
FCF growth 5Y33.3%
OCF growth 1Y-46.5%
OCF growth 3Y159.12%
OCF growth 5Y30.56%