Dole plc (DOLE) 10-Year Financial Performance & Capital Metrics

DOLE • • Industrial / General

Consumer DefensiveFarm ProductsSpecialized Crop ProductionFresh Produce & Vegetable Growers

AboutDole plc engages in sourcing, processing, marketing, and distribution of fresh fruit and vegetables worldwide. The company operates through four segments: Fresh Fruit; Diversified Fresh Produce - EMEA; Diversified Fresh Produce - Americas and ROW; and Fresh Vegetables. It offers bananas, pineapples grapes, berries, avocados, deciduous fruit, and organic produce; value added salads, which includes packaged salad and meal kits; and fresh packed vegetables, such as iceberg, romaine, leaf lettuces, and celery, as well as health foods and consumer goods. The company serves retailers, wholesalers, and foodservice customers. Dole plc is headquartered in Dublin, Ireland.Show more

Revenue $8.48B +2.8%
EBITDA $379M +0.8%
Net Income $126M +1.2%
EPS (Diluted) 1.31 -14.4%
Gross Margin 8.47% +0.6%
EBITDA Margin 4.48% -1.9%
Operating Margin 3.31% +0.3%
Net Margin 1.48% -1.6%
ROE 8.79% -2.9%
ROIC 8.45% +7.7%
Debt/Equity 0.91 -10.0%
Interest Coverage 3.88 +15.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 17.9%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.3%
✓Healthy dividend yield of 2.2%
✓Trading at only 1.0x book value

✗Weaknesses

✗Thin 5Y average net margin of 1.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.13%

5Y15.26%

3Y12.56%

TTM7.09%

Profit (Net Income) CAGR

10Y13.5%

5Y17.92%

3Y-

TTM-92.07%

EPS CAGR

10Y28.11%

5Y17.3%

3Y-

TTM-84.18%

ROCE

10Y Avg7.87%

5Y Avg5.98%

3Y Avg8.14%

Latest9.85%

Peer Comparison

Fresh Produce & Vegetable Growers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FDPFresh Del Monte Produce Inc.	1.84B	38.43	12.98	-0.96%	1.86%	3.95%	7.12%	0.20
DOLEDole plc	1.42B	14.87	11.35	2.79%	0.17%	0.98%	14.34%	0.91
VFFVillage Farms International, Inc.	396.23M	3.43	-10.72	17.71%	7.47%	7%	0.03%	0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.12B	3.27B	4.41B	4.39B	4.17B	4.35B	5.94B	8.02B	8.25B	8.48B
Revenue Growth %	-0.03%	0.05%	0.35%	-0%	-0.05%	0.04%	0.37%	0.35%	0.03%	0.03%
Cost of Goods Sold+	2.69B	2.81B	3.82B	4.07B	3.86B	4.01B	5.6B	7.42B	7.55B	7.76B
COGS % of Revenue	0.86%	0.86%	0.87%	0.93%	0.93%	0.92%	0.94%	0.93%	0.92%	0.92%
Gross Profit+	430.43M	455.63M	590.03M	325.41M	302.49M	333.59M	344M	599.88M	694.17M	717.72M
Gross Margin %	0.14%	0.14%	0.13%	0.07%	0.07%	0.08%	0.06%	0.07%	0.08%	0.08%
Gross Profit Growth %	-0.02%	0.06%	0.29%	-0.45%	-0.07%	0.1%	0.03%	0.74%	0.16%	0.03%
Operating Expenses+	373.3M	396.52M	496.17M	239.68M	254.91M	266.45M	352.69M	424.61M	422.01M	437.16M
OpEx % of Revenue	0.12%	0.12%	0.11%	0.05%	0.06%	0.06%	0.06%	0.05%	0.05%	0.05%
Selling, General & Admin	376.41M	397.1M	496.66M	232.51M	253.96M	264.84M	323.19M	436.19M	473.9M	473.63M
SG&A % of Revenue	0.12%	0.12%	0.11%	0.05%	0.06%	0.06%	0.05%	0.05%	0.06%	0.06%
Research & Development	270.43K	428.38K	358.73K	0	0	0	0	0	0	8.9M
R&D % of Revenue	0%	0%	0%	-	-	-	-	-	-	0%
Other Operating Expenses	-3.38M	-1M	-854.23K	7.16M	947K	1.61M	29.5M	-11.58M	-51.89M	-45.37M
Operating Income+	57.13M	59.1M	93.86M	85.74M	47.58M	67.14M	-8.69M	175.26M	272.16M	280.56M
Operating Margin %	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	-0%	0.02%	0.03%	0.03%
Operating Income Growth %	-0.04%	0.03%	0.59%	-0.09%	-0.45%	0.41%	-1.13%	21.16%	0.55%	0.03%
EBITDA+	79.62M	85.52M	125.37M	175.35M	81.99M	103.32M	56.77M	284.86M	376.33M	379.38M
EBITDA Margin %	0.03%	0.03%	0.03%	0.04%	0.02%	0.02%	0.01%	0.04%	0.05%	0.04%
EBITDA Growth %	-0.05%	0.07%	0.47%	0.4%	-0.53%	0.26%	-0.45%	4.02%	0.32%	0.01%
D&A (Non-Cash Add-back)	22.49M	26.42M	31.51M	89.61M	34.41M	36.18M	65.47M	109.6M	104.17M	98.82M
EBIT	48.39M	50.45M	80.77M	71.91M	54.8M	69.63M	3.55M	192.27M	287.04M	244.09M
Net Interest Income+	0	0	0	-9.46M	-8.96M	-7.92M	-23.09M	-49.96M	-71.03M	-61.52M
Interest Income	6.32M	5.81M	6.9M	4.38M	3.08M	2.6M	3.94M	6.41M	10.08M	10.74M
Interest Expense	0	0	0	13.83M	12.04M	10.52M	27.03M	56.37M	81.11M	72.26M
Other Income/Expense	-6.32M	-5.81M	-6.9M	-5.75M	32.12M	22.24M	35.27M	-32.64M	-51.04M	-32.62M
Pretax Income+	50.81M	53.29M	86.96M	79.98M	79.7M	89.38M	26.58M	142.63M	221.12M	247.95M
Pretax Margin %	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0%	0.02%	0.03%	0.03%
Income Tax+	10.08M	11.92M	13.16M	19.85M	10.31M	18.13M	-10.98M	-25.6M	43.59M	75.65M
Effective Tax Rate %	0.64%	0.56%	0.66%	0.46%	0.69%	0.59%	-0.27%	0.61%	0.56%	0.51%
Net Income+	32.61M	30.03M	57.38M	36.61M	55.06M	52.49M	-7.22M	86.5M	124.06M	125.51M
Net Margin %	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-0%	0.01%	0.02%	0.01%
Net Income Growth %	-0.08%	-0.08%	0.91%	-0.36%	0.5%	-0.05%	-1.14%	12.98%	0.43%	0.01%
Net Income (Continuing)	40.73M	41.37M	73.79M	57.84M	69.39M	71.25M	37.56M	168.23M	177.53M	172.3M
Discontinued Operations	0	0	0	0	0	0	-20.57M	-56.45M	-21.82M	-28.88M
Minority Interest	81.41M	76.41M	95.71M	94.49M	150.08M	153.22M	164.82M	157.86M	171.33M	141.62M
EPS (Diluted)+	0.10	0.09	0.18	0.09	0.59	0.56	-0.10	0.91	1.53	1.31
EPS Growth %	-0.11%	-0.05%	0.94%	-0.48%	5.28%	-0.05%	-1.18%	10.1%	0.68%	-0.14%
EPS (Basic)	0.10	0.09	0.18	0.09	0.59	0.56	-0.10	0.91	1.54	1.32
Diluted Shares Outstanding	334.86M	324.14M	325.76M	389.46M	93.1M	93.1M	72.19M	94.91M	95.12M	95.47M
Basic Shares Outstanding	334.75M	324.27M	325.79M	389.37M	93.1M	93.1M	72.19M	94.89M	94.92M	94.97M
Dividend Payout Ratio	0.28%	0.32%	0.21%	0.41%	0.27%	0.23%	-	0.35%	0.24%	0.24%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	520.19M	537.16M	676.91M	694.2M	677.55M	730.39M	1.64B	1.61B	1.92B	1.88B
Cash & Short-Term Investments	143.62M	136.6M	120.27M	124.77M	132.24M	160.5M	256.68M	234.21M	281.48M	336.04M
Cash Only	140.9M	133.96M	120.27M	117.19M	129.65M	160.5M	250.56M	228.84M	275.58M	330.02M
Short-Term Investments	2.72M	2.63M	0	7.57M	2.59M	0	6.12M	5.37M	5.9M	6.02M
Accounts Receivable	263.63M	286.3M	375.59M	385.94M	417.25M	409.21M	917.37M	850.2M	765.2M	703.88M
Days Sales Outstanding	30.81	31.97	31.1	32.07	36.55	34.37	56.34	38.67	33.87	30.31
Inventory	68.89M	64.41M	107.58M	103.44M	110.01M	141.18M	410.74M	394.15M	378.59M	430.09M
Days Inventory Outstanding	9.34	8.36	10.28	9.28	10.39	12.84	26.77	19.38	18.3	20.24
Other Current Assets	33.81M	37.21M	62.6M	66.89M	2.79M	2.94M	11.21M	77.93M	433.69M	348.57M
Total Non-Current Assets+	471.26M	516.83M	705.03M	957.45M	1.08B	1.16B	3.03B	2.99B	2.64B	2.56B
Property, Plant & Equipment	154.22M	152.81M	200.84M	201.43M	323.78M	359.88M	1.85B	1.44B	1.46B	1.47B
Fixed Asset Turnover	20.25x	21.39x	21.95x	21.81x	12.87x	12.08x	3.21x	5.57x	5.66x	5.78x
Goodwill	162.05M	175.68M	229.01M	209.46M	221.1M	234.16M	511.33M	497.45M	513.31M	429.59M
Intangible Assets	43.71M	55.57M	107.43M	96.36M	78.58M	65.63M	368.33M	357.27M	347.51M	331.52M
Long-Term Investments	83.46M	98.47M	128.54M	406.14M	417.11M	458.56M	151.84M	140.73M	147.67M	143.95M
Other Non-Current Assets	27.83M	34.3M	39.21M	44.06M	37.01M	30.5M	98.92M	486.01M	109.05M	108.8M
Total Assets+	991.44M	1.05B	1.38B	1.65B	1.76B	1.89B	4.67B	4.59B	4.56B	4.45B
Asset Turnover	3.15x	3.10x	3.19x	2.66x	2.37x	2.30x	1.27x	1.75x	1.81x	1.91x
Asset Growth %	-0.02%	0.06%	0.31%	0.2%	0.07%	0.07%	1.48%	-0.02%	-0.01%	-0.03%
Total Current Liabilities+	428.72M	473.97M	627.32M	640.93M	666.21M	689.91M	1.37B	1.46B	1.72B	1.59B
Accounts Payable	310.68M	318.69M	437.22M	430.6M	416.51M	474.53M	696.77M	640.62M	670.9M	648.59M
Days Payables Outstanding	42.12	41.35	41.8	38.64	39.34	43.17	45.42	31.49	32.43	30.52
Short-Term Debt	18.18M	49.02M	56.62M	66.71M	96.68M	31.99M	61.18M	106.06M	234.43M	91.54M
Deferred Revenue (Current)	0	0	0	0	1000K	788K	0	1000K	1000K	1000K
Other Current Liabilities	32.45M	32.39M	37.67M	43.4M	66.55M	55.61M	512.18M	318.24M	413.79M	374.57M
Current Ratio	1.21x	1.13x	1.08x	1.08x	1.02x	1.06x	1.20x	1.10x	1.12x	1.18x
Quick Ratio	1.05x	1.00x	0.91x	0.92x	0.85x	0.85x	0.90x	0.83x	0.90x	0.91x
Cash Conversion Cycle	-1.97	-1.02	-0.41	2.71	7.6	4.04	37.69	26.56	19.74	20.03
Total Non-Current Liabilities+	221.94M	265.4M	347.2M	420.04M	448.76M	507.66M	2.05B	1.81B	1.42B	1.42B
Long-Term Debt	140.71M	135.49M	197.21M	300.36M	281.19M	314.84M	1.3B	1.13B	845.01M	866.08M
Capital Lease Obligations	2.53M	1.51M	1.53M	1.34M	111.96M	122.22M	305.71M	246.72M	287.99M	280.84M
Deferred Tax Liabilities	0	0	0	0	0	22.45M	145.69M	118.4M	92.65M	79.6M
Other Non-Current Liabilities	78.7M	128.4M	148.46M	118.34M	55.6M	48.15M	302.2M	319.9M	197.97M	192.83M
Total Liabilities	650.66M	739.37M	974.52M	1.06B	1.16B	1.2B	3.42B	3.27B	3.14B	3.01B
Total Debt+	163.37M	187.61M	255.36M	368.41M	512.34M	490.97M	1.74B	1.54B	1.43B	1.3B
Net Debt	22.47M	53.64M	135.09M	251.22M	382.77M	330.46M	1.49B	1.31B	1.16B	971.33M
Debt / Equity	0.48x	0.60x	0.63x	0.62x	0.79x	0.71x	1.40x	1.17x	1.01x	0.91x
Debt / EBITDA	2.05x	2.19x	2.04x	2.10x	6.25x	4.75x	30.61x	5.40x	3.80x	3.43x
Net Debt / EBITDA	0.28x	0.63x	1.08x	1.43x	4.67x	3.20x	26.19x	4.59x	3.07x	2.56x
Interest Coverage	-	-	-	6.20x	3.95x	6.38x	-0.32x	3.11x	3.36x	3.88x
Total Equity+	340.79M	314.62M	407.42M	590.68M	644.88M	688.23M	1.25B	1.32B	1.42B	1.43B
Equity Growth %	-0.01%	-0.08%	0.29%	0.45%	0.09%	0.07%	0.81%	0.06%	0.08%	0.01%
Book Value per Share	1.02	0.97	1.25	1.52	6.93	7.39	17.25	13.90	14.94	15.03
Total Shareholders' Equity	259.38M	238.21M	311.71M	496.19M	494.8M	535.01M	1.08B	1.16B	1.25B	1.29B
Common Stock	3.74M	3.61M	4.16M	4.7M	4.86M	4.87M	950K	949K	949K	950K
Retained Earnings	95.13M	198.29M	280.3M	294.02M	418.92M	460.71M	413.33M	469.25M	562.56M	657.43M
Treasury Stock	-9.32M	-9.03M	-10.29M	-9.83M	0	0	0	0	0	0
Accumulated OCI	-106.59M	-110.65M	-143.34M	-131.15M	-131.6M	-128.8M	-125.92M	-104.13M	-110.79M	-166.18M
Minority Interest	81.41M	76.41M	95.71M	94.49M	150.08M	153.22M	164.82M	157.86M	171.33M	141.62M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	66.05M	46.47M	55.86M	65.67M	75.25M	144.57M	16.38M	226.46M	275.98M	285.31M
Operating CF Margin %	0.02%	0.01%	0.01%	0.01%	0.02%	0.03%	0%	0.03%	0.03%	0.03%
Operating CF Growth %	0.1%	-0.3%	0.2%	0.18%	0.15%	0.92%	-0.89%	12.83%	0.22%	0.03%
Net Income	32.61M	30.03M	57.38M	57.84M	41.86M	52.49M	16.81M	86.5M	145.88M	154.39M
Depreciation & Amortization	22.49M	26.42M	31.51M	34.02M	34.41M	36.26M	72.95M	115.81M	104.17M	98.82M
Stock-Based Compensation	413.79K	458.9K	715.06K	0	0	0	815K	4.5M	6.04M	0
Deferred Taxes	0	0	0	2.35M	-7.97M	-698K	-23.17M	0	-12.6M	-17.59M
Other Non-Cash Items	6.4M	13.6M	-13.6M	-1.92M	-1.61M	-1.14M	37.82M	7.26M	-32.49M	10.79M
Working Capital Changes	4.13M	-24.04M	-20.14M	-26.63M	8.55M	57.66M	-88.86M	12.39M	64.98M	38.9M
Change in Receivables	15.85M	-25.83M	-5.1M	-26.26M	29.71M	32.58M	-20.54M	55.15M	58.79M	-20.6M
Change in Inventory	-11.73M	1.78M	-12.49M	387K	19.66M	-18.03M	-56.6M	-31.68M	20.69M	-70.81M
Change in Payables	0	0	0	13.44M	-23.12M	14.61M	20.54M	0	13.02M	0
Cash from Investing+	-34.45M	-52.7M	-102.02M	-328.76M	-41.98M	-25.6M	82.82M	-54.07M	-3.27M	22.49M
Capital Expenditures	-17.93M	-25.66M	-47.39M	-35.72M	-26.97M	-23.2M	-65.44M	-85.56M	-78.04M	-82.44M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-522.4K	10.53M	-959.81K	-5.82M	-13.54M	-8.48M	26.49M	36.38M	-7.38M	-15.07M
Cash from Financing+	-19.81M	2.2M	13.91M	255.84M	-19.81M	-100.58M	-1.34M	-173.4M	-230M	-237.84M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-9.01M	-9.55M	-12.08M	-15.21M	-14.92M	-11.88M	-17.09M	-30.36M	-30.37M	-30.55M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.09M	-8.59M	-3.37M	-26.13M	-17.86M	-27.41M	-41.42M	-24.84M	-31.53M	-28.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	48.12M	20.81M	8.48M	29.95M	48.28M	121.37M	-49.06M	140.89M	197.94M	202.88M
FCF Margin %	0.02%	0.01%	0%	0.01%	0.01%	0.03%	-0.01%	0.02%	0.02%	0.02%
FCF Growth %	0.05%	-0.57%	-0.59%	2.53%	0.61%	1.51%	-1.4%	3.87%	0.4%	0.02%
FCF per Share	0.14	0.06	0.03	0.08	0.52	1.30	-0.68	1.48	2.08	2.13
FCF Conversion (FCF/Net Income)	2.03x	1.55x	0.97x	1.79x	1.37x	2.75x	-2.27x	2.62x	2.22x	2.27x
Interest Paid	0	0	0	10.79M	10.68M	0	26.6M	53.4M	82.37M	0
Taxes Paid	0	0	0	15.73M	16.93M	0	26.95M	0	63.97M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.5%	9.17%	15.89%	7.34%	8.91%	7.87%	-0.75%	6.75%	9.06%	8.79%
Return on Invested Capital (ROIC)	11.71%	12.12%	15.46%	9.29%	3.82%	4.92%	-0.35%	4.9%	7.84%	8.45%
Gross Margin	13.78%	13.94%	13.38%	7.41%	7.26%	7.68%	5.79%	7.48%	8.42%	8.47%
Net Margin	1.04%	0.92%	1.3%	0.83%	1.32%	1.21%	-0.12%	1.08%	1.5%	1.48%
Debt / Equity	0.48x	0.60x	0.63x	0.62x	0.79x	0.71x	1.40x	1.17x	1.01x	0.91x
Interest Coverage	-	-	-	6.20x	3.95x	6.38x	-0.32x	3.11x	3.36x	3.88x
FCF Conversion	2.03x	1.55x	0.97x	1.79x	1.37x	2.75x	-2.27x	2.62x	2.22x	2.27x
Revenue Growth	-3.26%	4.67%	34.87%	-0.36%	-5.14%	4.3%	36.77%	35.01%	2.75%	2.79%

Frequently Asked Questions

Valuation & Price

Dole plc (DOLE) has a price-to-earnings (P/E) ratio of 11.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Dole plc (DOLE) reported $8.97B in revenue for fiscal year 2024. This represents a 180% increase from $3.21B in 2012.

Dole plc (DOLE) grew revenue by 2.8% over the past year. Growth has been modest.

Yes, Dole plc (DOLE) is profitable, generating $14.8M in net income for fiscal year 2024 (1.5% net margin).

Dividend & Returns

Yes, Dole plc (DOLE) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

Dole plc (DOLE) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.

Dole plc (DOLE) generated $31.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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