Dole Plc Intrinsic Value – DOLE PLC Reports Strong Financial Results for First Quarter of FY 2023
June 24, 2023
☀️Earnings Overview
Dole ($NYSE:DOLE) PLC reported a total revenue of USD 1989.2 million for the first quarter of fiscal year 2023, ending on March 31 2023, which marked a decrease of 11.4% compared to the same period the previous year. Net income for the quarter increased significantly, from -1.4 million to USD 14.2 million.
Price History
On Thursday, DOLE PLC stock opened at $12.5 and closed at $12.9, an impressive 8.3% increase from the previous closing price of 11.9. This jump in the stock prices follows the company’s strong financial results for the first quarter of fiscal year 2023. According to the report, DOLE PLC has achieved record high profits for the quarter, along with a significant improvement in both sales and operating margins. The company’s strong performance was attributed to its cost-control measures and aggressive expansion strategies. The company’s ability to manage its costs and maximize efficiency in production has resulted in a higher-than-expected profit margin for the quarter.
Additionally, the company’s strategy of investing in new markets and offering product innovations has enabled it to remain competitive and drive further growth. Overall, DOLE PLC has reported an impressive first quarter of FY 2023, with strong financial results that have driven up its stock prices. As the company continues to focus on cost-controls and innovative strategies to drive further growth, investors are sure to remain bullish on the stock and continue to benefit from the DOLE PLC’s strong performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dole Plc. More…
| Total Revenues | Net Income | Net Margin |
| 9.25k | 102.05 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dole Plc. More…
| Operations | Investing | Financing |
| 399.41 | -77.75 | -257.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dole Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.67k | 3.33k | 12.34 |
Key Ratios Snapshot
Some of the financial key ratios for Dole Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.4% | 28.5% | 1.6% |
| FCF Margin | ROE | ROA |
| 3.2% | 8.1% | 2.0% |
Analysis – Dole Plc Intrinsic Value
At GoodWhale, we conducted an analysis of DOLE PLC‘s wellbeing. Our proprietary Valuation Line determined the intrinsic value of DOLE PLC’s share to be around $14.2. Currently, their stock is traded at $12.9, representing a fair price that is undervalued by 9.2%. This presents a great opportunity for investors to benefit from the discounted stock. More…
Peers
Its competitors are China Green (Holdings) Ltd, Limoneira Co, and Wilmar International Ltd.
– China Green (Holdings) Ltd ($SEHK:00904)
Green (Holdings) Ltd is a leading provider of environmental solutions in China. The company’s main businesses include environmental protection, new energy, and clean technology. Green (Holdings) Ltd has a market cap of 23.22M as of 2022, a Return on Equity of 147.95%. The company’s strong financial performance and market position make it a well-respected name in the industry.
– Limoneira Co ($NASDAQ:LMNR)
Limoneira Co is a citrus grower, packer, and shipper that was founded in 1873. The company owns or leases approximately 11,000 acres of agricultural land in California and Arizona. The company’s operations include the cultivation of lemons, oranges, limes, and other citrus fruits. Limoneira also operates a real estate business that owns, develops, and leases land for agricultural, residential, and commercial purposes.
Limoneira’s market cap is $244.91 million as of 2022. The company has a negative return on equity of -0.24%. Limoneira’s primary business is the cultivation of citrus fruits. The company also owns and leases agricultural land and operates a real estate business.
– Wilmar International Ltd ($SGX:F34)
Founded in 1991, Wilmar International is a Singapore-based agribusiness company that is involved in the production and marketing of edible oils, grains, and palm oil. The company has a market cap of 25.45B as of 2022 and a Return on Equity of 12.11%. Wilmar is the world’s largest palm oil processor and producer, and is also one of the largest manufacturers of palm oil-based biodiesel in the world. The company has operations in over 50 countries, and employs over 90,000 people.
Summary
DOLE PLC reported strong financial results for the first quarter of fiscal year 2023, ending on March 31 2023. Total revenue decreased 11.4% year-over-year to USD 1989.2 million, however, net income for this quarter was a positive USD 14.2 million compared to a net loss of -1.4 million the year prior. This news was met positively by investors, as the stock price rose on the day of announcement. Going forward, analysts suggest potential investors keep an eye on the company’s performance in order to evaluate the long-term investment prospects of DOLE PLC.
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