Del Monte Pacific Reports Total Revenue of USD 516.7 Million and Net Income of USD -13.1 Million for First Quarter of FY2024

September 9, 2023

🌥️Earnings Overview

For the first quarter of their fiscal year 2024, DEL MONTE PACIFIC ($SGX:D03) reported total revenue of USD 516.7 million and a net income of USD -13.1 million, ending July 31 2023. Compared to the same quarter in the previous year, total revenue showed a 13.2% increase, while net income decreased significantly from -30.5 million to -13.1 million.

Market Price

The stock opened at SG$0.2 and closed at SG$0.2 on Wednesday, reflecting investor concerns about the company’s financial performance. Analysts suggest that DEL MONTE PACIFIC’s weak performance could be attributed to higher operating costs as well as lower sales volume in North America and Europe.

Additionally, the company’s Q1 results have caused some to criticize its strategic decisions and management team, with the former being seen as a possible cause for its lackluster performance. DEL MONTE PACIFIC is now looking towards the remainder of the FY2024 to turn their fortunes around. In order to do so, they will need to focus on their core markets and adjust their strategies accordingly. Additionally, the company is planning to maintain their current cost-cutting measures and further optimize their operations in order to achieve greater efficiency. By implementing these measures, DEL MONTE PACIFIC hopes to regain investor confidence and improve their financial standing in the upcoming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for D03. More…

    Total Revenues Net Income Net Margin
    2.48k 30.33 1.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for D03. More…

    Operations Investing Financing
    44.73 -311.13 270.47
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for D03. More…

    Total Assets Total Liabilities Book Value Per Share
    3.23k 2.85k 0.16
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for D03 are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    4.6% 62.8% 6.1%
    FCF Margin ROE ROA
    -10.8% 30.0% 2.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have evaluated DEL MONTE PACIFIC and determined that it is a medium risk investment. Our Risk Rating takes into account both financial and business aspects. This finding is based on our analysis of their income sheet and balance sheet. We have identified two risk warnings in these documents, but additional information is only available to registered users. Take a closer look to determine if this is a suitable investment for you. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    It is known for its products such as canned fruits, vegetables, and juices. Del Monte Pacific Ltd faces competition from Bull-Dog Sauce Co Ltd, Ovobel Foods Ltd, and Ebara Foods Industry Inc, which are all well-established food companies in their respective industries. These companies provide a range of food products such as sauces, condiments, processed foods, and snacks.

    – Bull-Dog Sauce Co Ltd ($TSE:2804)

    Bull-Dog Sauce Co Ltd is a food and beverage company that produces sauces, condiments, and seasonings. It has a market cap of 24.02B as of 2022 and a Return on Equity (ROE) of 2.92%. The market cap is a measure of the company’s size and is calculated by multiplying the company’s stock price by the total number of outstanding shares. The ROE is a measure of the company’s profitability and is calculated by dividing the company’s net income by its average shareholder equity. Bull-Dog Sauce Co Ltd has a high market capitalization, indicating that it is a large and successful company, and its ROE indicates that it is highly profitable.

    – Ovobel Foods Ltd ($BSE:530741)

    Ovobel Foods Ltd is a global food and beverage production company specializing in the production of breakfast cereals, snack foods, and other convenience foods. As of 2022, the company has a market capitalization of 1.42 billion USD, indicating that it is a large and established company in the food and beverage industry. Additionally, Ovobel Foods Ltd has a Return on Equity (ROE) of -3.83%, indicating that the company is performing below average when it comes to generating profits from its shareholders’ investments. The negative ROE is indicative of the challenges that the company is facing and may suggest that the company needs to restructure or diversify its operations in order to improve its profitability.

    – Ebara Foods Industry Inc ($TSE:2819)

    Ebara Foods Industry Inc is a Japanese food and beverage company that specializes in the production and distribution of a wide variety of products. With a market cap of 29.9B as of 2022 and a Return on Equity of 7.87%, Ebara Foods Industry Inc has grown to become one of the leading players in the food industry in Japan. The company has achieved impressive growth rates over the past few years, making it one of the most attractive investments in the food and beverage sector. In addition to its strong financial performance, Ebara Foods Industry Inc has also been able to expand its product portfolio to include new and innovative food products, making it a leader in the industry.

    Summary

    DEL MONTE PACIFIC has reported a 13.2% increase in total revenue from the same quarter last year for their first quarter of FY2024, ended July 31 2023. Net income decreased from -30.5 million to -13.1 million year over year. Investors should consider the company’s current financial performance and future outlook when it comes to investing in the company.

    Overall, DEL MONTE PACIFIC appears to be growing in terms of revenue and may present an opportunity for investors who are interested in buying into the stock. It is important to analyze the company’s fundamentals and financials in more detail, and consider the potential risks associated with investing in any company, before committing to a decision.

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