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Fresh Del Monte Produce, Inc.
FDP Details
Fresh Del Monte Produce, Inc. (NYSE: FDP) is a leading vertically integrated producer and distributor of fresh-cut fruit and vegetables in Europe, Africa, and the Middle East, as well as a leading producer and marketer of prepared fruit and vegetables, juices, beverages, and snacks. The Del Monte brand is used to sell the company's products worldwide. Its main manufacturing facilities are in North, Central, South America, Asia, and Africa.
Latest News:
9MFY21 Results:
Key Risks:
Valuation Methodology: Price/Earnings Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
FDP Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
FDP's stock price has fallen 23.88% in the past six months and is currently trading in the lower-band of its 52-week range of USD 22.92 to USD 36.57. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 40.65. We have valued the stock using the Price/Earnings-based relative valuation methodology and arrived at a target price of USD 32.85.
Considering the correction in the stock price, decent balance sheet, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 26.30, up 0.57% as of December 14, 2021, 1:25 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Ultralife Corporation
ULBI Details
Ultralife Corporation (NASDAQ: ULBI) is a global provider offering services to the government, defense, and commercial sectors, spanning from power solutions to communications and electronics systems. It creates rechargeable and non-rechargeable batteries, charging systems, electronic systems and accessories, as well as custom-built systems including RF amplifiers, power supplies, cable and connector assemblies, amplified speakers, etc.
Latest News:
Q3FY21 Results:
Financial Metrics (Source: Investor Presentation, October 28, 2021)
Key Risks:
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
ULBI Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
ULBI's stock price has declined 31.49% in the past three months and is currently leaning towards the lower band of its 52-week range of USD 4.92 to USD 11.78. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 37.71. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 6.75.
Considering the significant correction in the stock price, robust balance sheet, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 5.33, up 2.30% as of December 14, 2021, at 11:49 AM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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