Mission Produce Intrinsic Stock Value – MISSION PRODUCE Reports Fourth Quarter Earnings for FY 2023
December 27, 2023
🌥️Earnings Overview
MISSION PRODUCE ($NASDAQ:AVO) reported their fourth quarter fiscal year 2023 earnings results, ending October 31 2023, with total revenue of USD 257.9 million, an 8.4% increase from the same period the year prior. Net income amounted to USD 4.0 million, a 109.6% increase compared to the same period in the previous year.
Share Price
The company’s stock opened at $9.2 and closed at $9.6, up by 3.6% from its last closing price of 9.2. This was largely due to the company’s focus on increasing its presence in the retail sector and expanding its product range to meet customer needs.
Additionally, the company’s strong distribution network allowed it to capitalize on increased demand for its Fresh-Cut Produce products in different markets across the United States. This was driven by increased customer engagement through promotional activities and product launches. The company’s growth in the fourth quarter was further aided by its strategic investments in technology and data-driven innovations, which enabled it to better serve its customers and efficiently manage supply chains. Overall, MISSION PRODUCE’s fourth quarter earnings report showed strong financial performance and positive overall outlook for the company’s future growth. The company’s focus on innovation and customer service, as well as its diverse product portfolio, has provided a solid foundation for continued success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mission Produce. More…
| Total Revenues | Net Income | Net Margin |
| 953.9 | -3.1 | -0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mission Produce. More…
| Operations | Investing | Financing |
| 29.2 | -54.1 | 14.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mission Produce. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 914.8 | 386.5 | 7.12 |
Key Ratios Snapshot
Some of the financial key ratios for Mission Produce are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | -53.4% | 1.1% |
| FCF Margin | ROE | ROA |
| -2.2% | 1.3% | 0.7% |
Analysis – Mission Produce Intrinsic Stock Value
At GoodWhale, we conducted an analysis of MISSION PRODUCE‘s financials to determine its fair value. Through our proprietary Valuation Line, we estimated that the fair value of each MISSION PRODUCE share is around $14.8. However, the current stock price is $9.6, which means it is undervalued by 35.1%. Therefore, now is a good time to invest in MISSION PRODUCE. More…
Peers
The competition between Mission Produce Inc and its competitors, Asian Citrus Holdings Ltd, PT Wicaksana Overseas International Tbk, and Elgeka SA is fierce. Each company is aiming to be the leader in the fresh produce market, offering a range of quality goods and services to their customers. With the increasing demand for fresh produce, the competition between these companies is only set to intensify.
– Asian Citrus Holdings Ltd ($SEHK:00073)
Asian Citrus Holdings Ltd is a Hong Kong-based company specializing in the research, production, and marketing of citrus-based food and beverage products. The company has a market capitalization of 194.97M as of 2022, reflecting its current market value. In addition, the company has a Return on Equity (ROE) of -5.7%, indicating that the company is not generating returns on its shareholders’ funds. This is likely due to the fact that the company has been experiencing significant financial losses in recent years and is yet to fully recover. Nevertheless, Asian Citrus Holdings Ltd remains a key player in the food and beverage industry and is looking to strengthen its presence in the market.
– PT Wicaksana Overseas International Tbk ($IDX:WICO)
Wicaksana Overseas International Tbk is an Indonesian-based company that provides services in the construction, energy, and telecommunications sectors. As of 2022, the company has a market capitalization of 550.96 billion, making it one of the largest companies in Indonesia. The company’s core business is providing engineering, procurement, and construction (EPC) services to oil and gas, power generation, and telecommunications companies primarily in Indonesia and Southeast Asia. It also provides engineering, procurement, and construction management (EPCM) as well as engineering, procurement, and project management (EPM) services. The company has a strong track record of delivering projects on time and within budget. With its impressive market capitalization, Wicaksana Overseas International Tbk is a major player in the Indonesian economy.
Summary
Investors are bullish on MISSION PRODUCE after the company released their fourth quarter fiscal year 2023 earnings results. Revenues were up 8.4% year over year, and net income surged 109.6% compared to the same period a year ago. This encouraging news pushed the stock price up the same day, indicating that investors are confident about MISSION PRODUCE’s future prospects. The company’s financials show healthy growth, and investors should consider investing in MISSION PRODUCE as the market conditions remain favorable.
