Mission Produce Financials

AVO Stock  USD 13.30  0.30  2.31%   
Based on the measurements of operating efficiency obtained from Mission Produce's historical financial statements, Mission Produce is not in a good financial situation at the moment. It has a very high risk of going through financial straits in December. At this time, Mission Produce's Non Current Liabilities Other is very stable compared to the past year. As of the 30th of November 2024, Net Working Capital is likely to grow to about 145.2 M, while Total Assets are likely to drop about 872 M. Key indicators impacting Mission Produce's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.440.36
Fairly Up
Slightly volatile
Operating Income5.9 M6.2 M
Notably Down
Very volatile
Current Ratio2.822.6
Significantly Up
Slightly volatile
Investors should never underestimate Mission Produce's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Mission Produce's cash flow, debt, and profitability to make informed and accurate decisions about investing in Mission Produce.

Net Income

(2.39 Million)

  
Understanding current and past Mission Produce Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Mission Produce's financial statements are interrelated, with each one affecting the others. For example, an increase in Mission Produce's assets may result in an increase in income on the income statement.

Mission Produce Earnings Geography

Mission Produce Stock Summary

Mission Produce competes with Chefs Warehouse, Andersons, AMCON Distributing, Performance Food, and United Natural. Mission Produce, Inc. engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company was founded in 1983 and is headquartered in Oxnard, California. Mission Produce operates under Food Distribution classification in the United States and is traded on NASDAQ Exchange. It employs 2800 people.
Specialization
Consumer Defensive, Consumer Staples Distribution & Retail
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS60510V1089
CUSIP60510V108
LocationCalifornia; U.S.A
Business Address2710 Camino Del
SectorConsumer Staples Distribution & Retail
IndustryConsumer Staples
BenchmarkDow Jones Industrial
Websitemissionproduce.com
Phone805 981 3650
CurrencyUSD - US Dollar

Mission Produce Key Financial Ratios

Mission Produce Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets777.3M873.5M879.5M914.8M1.1B872.0M
Other Current Liab44.9M48.9M54.4M51.2M58.9M45.0M
Other Liab48.6M51.6M50.3M52.7M60.6M54.6M
Net Tangible Assets302.6M397.1M457.8M460.7M529.8M408.2M
Net Debt54.6M128.8M161.3M209.8M241.3M156.5M
Retained Earnings251.2M309M274.4M271M311.7M278.5M
Accounts Payable20.5M22.8M34.4M27.2M24.5M25.5M
Cash124M84.5M52.8M42.9M49.3M72.3M
Other Assets14M27M100K27.8M32.0M18.5M
Long Term Debt166.7M155.1M136.9M151.1M136.0M130.2M
Inventory38.6M48.2M73.1M70.8M81.4M56.5M
Other Current Assets28M40.6M39.3M32.3M37.1M28.6M
Total Liab303.8M339.3M356.6M386.5M444.5M367.6M
Net Invested Capital647.6M698.1M645M661.4M760.6M683.0M
Short Long Term Debt7.4M8.8M6M6.7M6.0M5.8M
Total Current Assets248.1M247.1M228.1M220.1M253.1M239.5M
Net Working Capital170.2M157.9M126.4M122.6M141.0M145.2M
Short Term Debt10.8M15.6M11.9M15.9M18.3M12.8M

Mission Produce Key Income Statement Accounts

201920202021202220232024 (projected)
Tax Provision15M21.1M3.7M2.2M2.0M1.9M
Net Interest Income(4.3M)(2M)(3.8M)(11.6M)(10.4M)(9.9M)
Interest Income1.7M2.4M1.7M1.5M1.7M1.8M
Interest Expense6.7M3.7M5.5M11.6M13.3M7.9M
Total Revenue862.3M891.7M1.0B953.9M1.1B1.0B
Gross Profit124.6M124.5M89.8M83.3M75.0M84.1M
Operating Income68.4M60.9M21.8M6.9M6.2M5.9M
Ebit68.4M69.7M(25.7M)10.7M9.6M9.1M
Ebitda86.5M94.4M4.4M43.5M39.2M53.0M
Cost Of Revenue737.7M767.2M956.1M870.6M1.0B892.1M
Income Before Tax43.8M66M(31.2M)(900K)(810K)(769.5K)
Net Income28.8M44.9M(34.9M)(2.8M)(2.5M)(2.4M)
Income Tax Expense15M21.1M3.7M2.2M2.0M1.9M

Mission Produce Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory5.9M(11.2M)(15.3M)3M2.7M2.8M
Investments(4M)(200K)2.6M(54.1M)(62.2M)(59.1M)
Change In Cash61.4M(34.8M)(38.3M)(10.7M)(9.6M)(9.1M)
Net Borrowings(20.6M)(13M)(11.7M)(21.6M)(19.4M)(18.5M)
Free Cash Flow11.6M(26.4M)(26M)(20.6M)(18.5M)(17.6M)
Depreciation18.1M20.4M24.8M32.8M37.7M22.4M
Other Non Cash Items20.1M(2M)46.1M7.6M8.7M9.2M
Dividends Paid13M1M0.0100K90K85.5K
Capital Expenditures67.3M73.4M61.2M49.8M57.3M56.6M
Net Income28.8M44.9M(34.9M)(3.1M)(2.8M)(2.7M)
End Period Cash Flow127M92.2M53.9M43.2M38.9M55.0M
Change To Netincome2.4M23.8M9.1M43.5M50.0M52.5M

Mission Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Mission Produce's current stock value. Our valuation model uses many indicators to compare Mission Produce value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mission Produce competition to find correlations between indicators driving Mission Produce's intrinsic value. More Info.
Mission Produce is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.58  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Mission Produce is roughly  1.74 . At this time, Mission Produce's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mission Produce's earnings, one of the primary drivers of an investment's value.

Mission Produce's Earnings Breakdown by Geography

Mission Produce Systematic Risk

Mission Produce's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Mission Produce volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Mission Produce correlated with the market. If Beta is less than 0 Mission Produce generally moves in the opposite direction as compared to the market. If Mission Produce Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mission Produce is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mission Produce is generally in the same direction as the market. If Beta > 1 Mission Produce moves generally in the same direction as, but more than the movement of the benchmark.

Mission Produce Thematic Clasifications

Mission Produce is part of Agriculture investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Agriculture industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
AgricultureView
This theme covers USA Equities from Agriculture industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Mission Produce Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Mission Produce's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Mission Produce growth as a starting point in their analysis.

Price Earnings To Growth Ratio

2.44

At this time, Mission Produce's Price Earnings To Growth Ratio is very stable compared to the past year.

Mission Produce November 30, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Mission Produce help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mission Produce. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mission Produce based on widely used predictive technical indicators. In general, we focus on analyzing Mission Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mission Produce's daily price indicators and compare them against related drivers.
When determining whether Mission Produce offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mission Produce's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mission Produce Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mission Produce Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mission Produce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
To learn how to invest in Mission Stock, please use our How to Invest in Mission Produce guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mission Produce. If investors know Mission will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mission Produce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.889
Earnings Share
0.33
Revenue Per Share
16.07
Quarterly Revenue Growth
0.239
Return On Assets
0.0291
The market value of Mission Produce is measured differently than its book value, which is the value of Mission that is recorded on the company's balance sheet. Investors also form their own opinion of Mission Produce's value that differs from its market value or its book value, called intrinsic value, which is Mission Produce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mission Produce's market value can be influenced by many factors that don't directly affect Mission Produce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mission Produce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mission Produce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mission Produce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.