Mission Produce, Inc.

Consumer Staples
Farming/Seeds/Milling
www.missionproduce.com

Earnings Score
Moat Score
Safety Score

Market Cap $902.55M
PE 36
Debt $137.70M
Cash $49.90M
EV $990.35M
FCF $63.80M

Earnings

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Sales & Net Margins

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Earnings	$25.40M
EBIT	$44.30M
ROE	5%
ROA	5%
FCF	$63.80M
Equity	$553.70M
Growth Stability	-72%
PE	35.53
PEG	-5.08
PB	1.63
P/FCF	14.15
P/S	0.79
Price/Cash	0.06
Debt/Equity	0.25
Debt/FCF	2.16
Net Margins	2%
Gross Margins	11%
Op. Margins	4%
Earnings CAGR	-7%
Sales Growth YoY	24%
Sales Growth QoQ	9%
Sales CAGR	5%
FCF CAGR	4%
Equity CAGR	8%
Earnings Stability	-0.6
Earnings Growth YoY	100%

Earnings Growth QoQ	77%
Earnings CAGR 5Y	-7%
Sales CAGR 5Y	5%
FCF CAGR 5Y	4%
Equity CAGR 5Y	8%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
Equity CAGR 3Y	1%
Market Cap	$902.55M
Revenue	$1.14B
Assets	$959.90M
Total Debt	$137.70M
Cash	$49.90M
Shares Outstanding	70.84M
EV	990.35M
Earnings Score	6%
Moat Score	56%
Safety Score	63%
Final Score	42%
Working Capital	137.2M
Current Ratio	2.02
Gross Profit	$124.50M
Shares Growth 3y	0%
Equity Growth QoQ	3%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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Mission Produce Inc is engaged in the business of producing and distributing avocados. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution and International Farming. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a global distribution network.

SEC Filings

Direct access to Mission Produce, Inc. (AVO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Jul 31
- 10-Q Apr 30
- 10-Q Jan 31
2023
- 10-K Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-Q Jan 31
2022
- 10-K Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-Q Jan 31

Sector Comparison

How does Mission Produce, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Mission Produce, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -7%

Stability -60%

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Mission Produce, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Mission Produce, Inc..

Years

Calculation mode

= $839M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$64M	$66M	$69M	$72M	$75M	$78M	$81M	$84M	$87M	$91M	$94M	$944M
DCF		$60M	$57M	$54M	$51M	$48M	$46M	$43M	$41M	$38M	$36M	$364M
Value	$839M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	10/2019	10/2020	10/2021	10/2022	10/2023	TTM
Net Margins	8%	3%	5%	-3%	-0%	2%
ROA	-	9%	8%	-4%	1%	5%
ROE	-	6%	8%	-7%	-1%	5%

Bad Net Margins (2.2%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	10/2019	10/2020	10/2021	10/2022	10/2023	TTM
Debt over FCF	-	15.7	-6.56	-5.56	-7.56	2.16
Debt over Equity	-	0.38	0.32	0.28	0.29	0.25
Growth Stability	-	-	-	-72%	-24%	-72%

Neutral Debt/FCF ratio (2.16)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.25)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-72%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	10/2019	10/2020	10/2021	10/2022	10/2023	CAGR 5Y
Revenue YoY growth	-	-2%	3%	17%	-9%	5%
Earnings YoY growth	-	-60%	56%	-178%	-91%	-7%
Equity YoY growth	-	25%	13%	-2%	1%	8%
FCF YoY growth	-	-82%	-328%	-2%	-21%	4%