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Calavo Growers Inc

Consumer Defensive US CVGW

26.62USD
2.62(10.92%)

Last update at 2024-09-11T00:16:00Z

Day Range

25.0027.55
LowHigh

52 Week Range

21.3438.54
LowHigh

Fundamentals

  • Previous Close 24.00
  • Market Cap469.39M
  • Volume1252741
  • P/E Ratio-
  • Dividend Yield1.54%
  • EBITDA23.10M
  • Revenue TTM966.79M
  • Revenue Per Share TTM54.37
  • Gross Profit TTM 73.84M
  • Diluted EPS TTM-0.59

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Income before tax -2.78700M 0.54M -12.02300M 63.55M 56.58M
Minority interest -0.35300M -0.10400M -0.21600M 1.69M -0.26900M
Net income -6.03800M -10.20300M -7.73100M 50.67M 32.28M
Selling general administrative 65.70M 56.68M 57.95M 59.11M 57.08M
Selling and marketing expenses - - - - -
Gross profit 73.84M 57.42M 89.90M 128.08M 113.62M
Reconciled depreciation 16.59M 17.57M 16.09M 13.63M 13.04M
Ebit -8.34200M -11.14100M -5.37600M 71.05M 44.37M
Ebitda 8.25M 6.43M -2.82500M 72.14M 57.41M
Depreciation and amortization 16.59M 17.57M 2.55M 1.10M 13.04M
Non operating income net other 0.95M -0.36800M -3.55900M - -10.97300M
Operating income -8.34200M -11.14100M -5.37600M 71.05M 56.53M
Other operating expenses 1184.34M 1050.75M 1064.75M 1126.81M 1032.22M
Interest expense 1.69M 0.80M 0.88M 0.95M 0.83M
Tax provision 3.25M 10.75M -4.29200M 12.88M 12.72M
Interest income 0.50M 0.34M 2.00M 2.67M 0.32M
Net interest income -1.18600M -0.46300M 1.12M 1.73M -0.51300M
Extraordinary items - - - - -1.70000M
Non recurring 1.42M 1.80M - - -
Other items - - - - -
Income tax expense 3.25M 10.75M -4.29200M 12.88M 12.72M
Total revenue 1191.07M 1055.83M 1059.37M 1195.78M 1088.76M
Total operating expenses 67.11M 52.35M 95.27M 59.11M 57.08M
Cost of revenue 1117.23M 998.40M 969.47M 1067.69M 975.14M
Total other income expense net 5.55M 11.69M -6.64700M -7.49600M 0.88M
Discontinued operations - - - - -
Net income from continuing ops -6.03800M -10.20300M -7.73100M 36.59M 43.86M
Net income applicable to common shares -6.24900M -11.81800M -13.62500M 36.65M 32.28M
Preferred stock and other adjustments - - - - -
Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Total assets 386.85M 385.75M 445.40M 429.62M 390.36M
Intangible assets 5.70M 7.21M 8.77M 10.32M 0.43M
Earning assets - - - - -
Other current assets 13.93M 22.37M 19.61M 15.79M 16.36M
Total liab 176.62M 162.38M 218.52M 173.62M 104.49M
Total stockholder equity 208.84M 223.37M 226.88M 256.00M 285.87M
Deferred long term liab - - - - -
Other current liab 11.00M 57.36M 11.00M 57.27M 58.98M
Common stock 0.02M 0.02M 0.02M 0.02M 0.02M
Capital stock 0.02M 0.02M 0.02M 0.02M 0.02M
Retained earnings 32.34M 51.12M 57.36M 89.51M 122.56M
Other liab - 2.63M 3.08M 3.30M 8.45M
Good will 28.65M 28.65M 28.65M 28.57M 18.26M
Other assets - 52.60M 45.82M 35.04M 69.59M
Cash 2.09M 2.06M 1.89M 4.05M 7.97M
Cash and equivalents - - - - -
Total current liabilities 81.75M 101.95M 114.62M 106.33M 90.63M
Current deferred revenue 31.11M 5.43M 62.39M 2.49M -
Net debt 96.70M 64.23M 107.33M 88.27M -1.79900M
Short term debt 9.31M 8.50M 8.40M 28.34M 0.76M
Short long term debt 0.65M - - 20.55M 0.76M
Short long term debt total 98.79M 66.29M 109.22M 92.33M 6.17M
Other stockholder equity 176.48M 172.24M 169.50M 166.47M 163.29M
Property plant equipment - 167.83M 178.12M 190.53M 132.10M
Total current assets 133.37M 125.67M 152.64M 135.90M 127.52M
Long term investments 2.90M 3.78M 31.40M 29.26M 42.46M
Net tangible assets - 186.50M 189.46M 215.64M 265.48M
Short term investments - - - 23.20M -
Net receivables 62.47M 62.41M 90.39M 74.26M 66.29M
Long term debt 38.44M 1.20M 37.70M - 5.41M
Inventory 39.43M 38.83M 40.76M 41.79M 36.89M
Accounts payable 30.32M 30.66M 32.83M 20.73M 30.88M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 1.01M 1.37M 1.47M -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.00000M - - -83.90300M -71.20100M
Additional paid in capital - - - - -
Common stock total equity - 0.02M 0.02M 0.02M 0.02M
Preferred stock total equity - - - - -
Retained earnings total equity - 51.12M 57.36M 89.51M -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 52.46M 47.17M 40.50M 32.56M 66.58M
Deferred long term asset charges - - - - -
Non current assets total 253.48M 260.07M 292.76M 293.73M 262.85M
Capital lease obligations 59.71M 65.09M 71.52M 71.78M 6.17M
Long term debt total - 4.45M 5.55M 5.72M 5.41M
Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Investments 18.45M 2.07M -2.19200M 1.15M -12.20000M
Change to liabilities -4.67700M -1.63200M 3.08M 3.71M -1.00900M
Total cashflows from investing activities 8.68M -9.36400M -31.93100M -31.85000M -30.20400M
Net borrowings -38.49600M 15.75M 19.58M -15.30500M -5.13600M
Total cash from financing activities -58.63500M -5.40800M -0.86500M -33.79600M -23.32700M
Change to operating activities -5.10800M -4.26400M -2.65300M -6.49500M -3.90100M
Net income -6.60200M -11.92200M -13.84100M 36.59M 32.01M
Change in cash 0.28M -1.20000M -3.91800M 6.45M -5.10500M
Begin period cash flow 2.85M 4.05M 7.97M 1.52M 6.62M
End period cash flow 3.13M 2.85M 4.05M 7.97M 1.52M
Total cash from operating activities 50.23M 13.57M 28.88M 72.10M 48.43M
Issuance of capital stock - - - - -
Depreciation 16.59M 17.57M 16.09M 13.63M 13.04M
Other cashflows from investing activities - 1.17M -18.39600M -23.80000M -3.00000M
Dividends paid -20.33000M -20.34300M -19.35400M -17.56800M 16.66M
Change to inventory 1.84M 0.41M -4.20600M -1.84500M -4.18600M
Change to account receivables 19.85M -15.02400M 1.86M 2.69M 3.62M
Sale purchase of stock 0.05M 0.05M 0.09M 0.09M 0.05M
Other cashflows from financing activities 267.39M 334.03M 235.41M 211.58M 276.97M
Change to netincome 3.87M 6.38M 45.83M 24.09M 21.46M
Capital expenditures 9.77M 11.44M 11.34M 16.72M 15.00M
Change receivables 19.85M -15.02400M 1.86M - 3.62M
Cash flows other operating 19.36M 17.79M -19.93100M - -16.51100M
Exchange rate changes - - - - -
Cash and cash equivalents changes 0.28M -1.20000M -3.91800M - -5.10500M
Change in working capital 27.75M 5.32M -26.18200M -3.27800M -18.03500M
Stock based compensation 3.14M 3.95M 4.49M 3.59M 4.63M
Other non cash items 9.48M 1.18M 50.25M 20.64M 11.91M
Free cash flow 40.46M 2.13M 17.54M 55.38M 33.42M

Peer Comparison

Sector: Consumer Defensive Industry: Food Distribution

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CVGW
Calavo Growers Inc
2.62 10.92% 26.62 - 18.35 0.45 2.17 0.52 27.66
SYY
Sysco Corporation
0.09 0.11% 78.50 20.66 16.72 0.48 17.38 0.63 12.66
JRONF
Jerónimo Martins SGPS S.A
- -% 19.23 18.10 22.22 0.53 5.17 0.62 8.78
JRONY
Jeronimo Martins SGPS SA ADR
-0.52 1.42% 36.00 19.98 23.09 0.54 5.70 0.62 8.86
BZLFY
Bunzl plc
-0.279 0.58% 47.54 22.46 16.98 1.12 4.09 1.29 14.40

Reports Covered

Stock Research & News

Profile

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia. The Prepared segment is involved in the distribution of prepared avocado products, salsa, fresh-cut fruit and vegetables, fresh prepared entrees salads, wraps, sandwiches, parfaits, and fresh snacking products, as well as ready-to-heat entrees, other hot bars and various deli items, meals kit components, and salad kits. It offers its products under the Calavo brands and related logos; and Avo Fresco, Bueno, Avo Fresco, Bueno, Calavo Gold, Celebrate the Taste, El Dorado, Taste of Paradise, The First Name in Avocados, The Family of Fresh, ProRipeVIP, RIPE NOW!, Renaissance Food Group, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.

Calavo Growers Inc

1141-A Cummings Road, Santa Paula, CA, United States, 93060

Key Executives

Name Title Year Born
Mr. Brian W. Kocher Pres & CEO 1969
Mr. Shawn C. Munsell Chief Financial Officer 1975
Eloy Hintze VP of Jalisco Operations NA
Mr. Thomas Federl VP of Communications, Marketing & ESG NA
Patricia D. Vorhies Director of HR NA
Ms. Graciela Montgomery Chief HR Officer NA
Ms. Lisa Mueller Sr. VP NA
Mr. Danny Dumas Sr. VP & GM of Calavo Grown 1969
Ms. Helen Kurtz Sr. VP & GM of Calavo Prepared NA
Mr. Scott H. Runge Treasurer NA

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