Stock research on global mid-cap companies

Evaluate Research

Evaluate Research provides institutional quality stock research on small-cap and  mid-cap companies on a global basis, thus helping connect investors with the company.

At Evaluate Research, we provide free of cost to all investors a 20-25 page Initiation Report which evaluates in great detail all aspects of the company:  growth opportunities, catalysts, business description, competitive positioning, SWOT analysis, risks, etc.  In addition, we determine specific price targets for the company based on detailed 5-year complete forecasts of financial statements including IS, BS, CF, ratios, etc.  Finally, whereas many sell-side brokers offer sketchy and irregular ongoing maintenance research of companies, if not outright dropped or termination of coverage, at Evaluate Research we systematically monitor and regularly publish Update Notes covering quarterly earnings, major corporate events, etc.

All of the research reports are broadly and freely disseminated globally to leading Fund Managers and analysts who invest specifically in mid-size equities, and also on leading investment information platforms including: Bloomberg, Thomson Reuters, FactSet etc.

Stock research on global mid-cap companies, Evaluate Research

Equity Bottom-Up

Fresh Del Monte Produce / Equity Bottom-Up

<p>Fresh Del Monte [FDP_US] is one of the world’s leading vertically integrated producers, marketers and distributors of fresh fruits, fresh cut fruits, vegetables, prepared fruits, juices, beverages and snacks. The company grown over the past decade and expects to grow at a steady pace driven by numerous catalyst which are likely to unfold in the long run. The company has grown its top-line at a CAGR of 2.35% and bottom-lines at a CAGR of 23.01% in past 4 years. The company has also increased dividend payment by 25% in the year 2013. We expect the company to further increase the dividend payment in the coming years.</p>
<p>Our 12-month price target on the stock is US$ 45 which suggests that the stock is fairly valued at current price levels. We have a neutral rating on the stock. Our price target is based on DCF and P/E methodologies. We apply 14.8x PE on our FY2017 EPS estimate of US$ 3.04 which comes to US$ 45 per share. Our DCF based price is US$45 per share which assumes 8.5% WACC and 2% terminal growth rate. See DCF details further in our report.</p>

Fresh Del Monte [FDP_US] is one of the world’s leading vertically integrated producers, marketers and distributors of fresh fruits, fresh cut fruits, vegetables, prepared fruits, juices, beverages and snacks. The company grown over the past decade and expects to grow at a steady pace driven by numerous catalyst which are likely to unfold in the long run. The company has grown its top-line at a CAGR of 2.35% and bottom-lines at a CAGR of 23.01% in past 4 years. The company has also increased dividend payment by 25% in the year 2013. We expect the company to further increase the dividend payment in the coming years.
Our 12-month price target on the stock is US$ 45 which suggests that the stock is fairly valued at current price levels. We have a neutral rating on the stock. Our price target is based on DCF and P/E methodologies. We apply 14.8x PE on our FY2017 EPS estimate of US$ 3.04 which comes to US$ 45 per share. Our DCF based price is US$45 per share which assumes 8.5% WACC and 2% terminal growth rate. See DCF details further in our report.

Fresh Del Monte Produce: Initiation Report