Calavo Growers Inc

Consumer Discretionary
Specialty Foods
www.calavo.com

Earnings Score
Moat Score

Market Cap $467.78M
PE 82
Debt $NaN
Cash $1.13M
EV $NaN
FCF -$5.99M

Earnings

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Sales & Net Margins

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Earnings	$5.69M
EBIT	$22.33M
ROE	3%
ROA	6%
FCF	-$5.99M
Equity	$205.18M
Growth Stability	-183%
PE	82.23
PEG	-8.55
PB	2.28
P/FCF	-78.13
P/S	0.62
Price/Cash	0
Net Margins	-0%
Gross Margins	10%
Op. Margins	3%
Earnings CAGR	-5%
Sales Growth YoY	-27%
Sales Growth QoQ	-3%
Sales CAGR	0%
FCF CAGR	-1%
Equity CAGR	1%
Earnings Stability	0.11
Earnings Growth YoY	-82%
Earnings Growth QoQ	-112%

Earnings CAGR 5Y	-10%
Sales CAGR 5Y	-5%
FCF CAGR 5Y	-6%
Equity CAGR 5Y	-8%
Earnings CAGR 3Y	-11%
Sales CAGR 3Y	-11%
FCF CAGR 3Y	14%
Equity CAGR 3Y	-6%
Market Cap	$467.78M
Revenue	$751.46M
Dividend Yield	2%
Payout Ratio	125%
Assets	$382.43M
Cash	$1.13M
Shares Outstanding	17.8M
Earnings Score	5%
Moat Score	45%
Working Capital	121.71M
Current Ratio	2.04
Gross Profit	$76.54M
Shares Growth 3y	0%
Equity Growth QoQ	-1%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. It derives most of its revenue from its Fresh products segment.

SEC Filings

Direct access to Calavo Growers Inc (CVGW) 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 Calavo Growers Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR -5%

Stability 11%

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Calavo Growers Inc Discounted Cash Flow

Fully customizable DCF calculator online for Calavo Growers Inc.

Years

Calculation mode

= -$58M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$6M	-$6M	-$5.9M	-$5.9M	-$5.9M	-$5.8M	-$5.8M	-$5.8M	-$5.7M	-$5.7M	-$5.7M	-$57M
DCF		-$5.4M	-$4.9M	-$4.4M	-$4M	-$3.6M	-$3.3M	-$3M	-$2.7M	-$2.4M	-$2.2M	-$22M
Value	-$58M

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	10/2015	10/2016	10/2017	10/2018	10/2019	10/2020	10/2021	10/2022	TTM
Net Margins	3%	4%	3%	3%	3%	-1%	-1%	-1%	-0%
ROA	-	19%	16%	16%	18%	7%	0%	2%	6%
ROE	-	18%	15%	12%	13%	-5%	-5%	-3%	3%

Bad Net Margins (-0.19%)

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	10/2015	10/2016	10/2017	10/2018	10/2019	10/2020	10/2021	10/2022	TTM
Debt over FCF	-	0.48	1.16	0.46	0.11	1.5	3.35	0.15	-
Debt over Equity	0.21	0.09	0.08	0.06	0.02	0.1	0.03	0.03	-
Growth Stability	-	-	-	94%	100%	-39%	-65%	-183%	-183%

Neutral Debt/FCF ratio (-)

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.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-183%)

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	10/2015	10/2016	10/2017	10/2018	10/2019	10/2020	10/2021	10/2022	CAGR 5Y
Revenue YoY growth	-	9%	15%	1%	10%	-11%	-0%	13%	-5%
Earnings YoY growth	-	40%	-2%	-14%	14%	-138%	-14%	-45%	-10%
Equity YoY growth	-	16%	14%	9%	8%	-10%	-11%	-2%	-8%
FCF YoY growth	-	109%	-56%	90%	66%	-68%	-88%	2K%	-6%