Fruit and vegetable giant Dole is expected to go public later today and commence trading on the New York Stock Exchange Friday under the ticker symbol "DOLE," according to a Form F-1 filed with the US Securities and Exchange Commission.
The company slashed its price range on the offering to $16 to $17 per share from $20 to $23 per share, a move that slices its targeted valuation by more than $400 million.
The IPO news comes months after Dole Food Company merged with Ireland's Total Produce to form the world's largest fruit and vegetable supply business.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
| Latest market close | $14.47 |
|---|---|
| 52-week range | $10.34 - $13.89 |
| 50-day moving average | $12.42 |
| 200-day moving average | $11.87 |
| Wall St. target price | $15.60 |
| PE ratio | 6.665 |
| Dividend yield | $0.32 (2.37%) |
| Earnings per share (TTM) | $2.03 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $14.47 from 2024-07-25
| 1 week (2024-07-19) | 6.95% |
|---|---|
| 1 month (2024-06-27) | 18.32% |
| 3 months (2024-04-26) | 18.80% |
| 6 months (2024-01-26) | 25.39% |
| 1 year (2023-07-27) | 8.47% |
|---|---|
| 2 years (2022-07-27) | 54.43% |
| 3 years (2021-07-23) | N/A |
| 5 years (2019-07-23) | N/A |
Valuing Dole stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Dole's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Dole's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Dole shares trade at around 7x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
However, Dole's P/E ratio is best considered in relation to those of others within the farm products industry or those of similar companies.
Dole's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $339 million.
The EBITDA is a measure of a Dole's overall financial performance and is widely used to measure a its profitability.
To put Dole's EBITDA into context you can compare it against that of similar companies.
| Revenue TTM | $8.4 billion |
|---|---|
| Operating margin TTM | 3.59% |
| Gross profit TTM | $594.7 million |
| Return on assets TTM | 3.24% |
| Return on equity TTM | 15.38% |
| Profit margin | 2.15% |
| Book value | $13.73 |
| Market Capitalization | $1.3 billion |
TTM: trailing 12 months
Dividend payout ratio: 23.88% of net profits
Recently Dole has paid out, on average, around 23.88% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.37% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Dole shareholders could enjoy a 2.37% return on their shares, in the form of dividend payments. In Dole's case, that would currently equate to about $0.32 per share.
While Dole's payout ratio might seem low, this can signify that Dole is investing more in its future growth.
Dole's most recent dividend payout was on 4 July 2024. The latest dividend was paid out to all shareholders who bought their shares by 11 June 2024 (the "ex-dividend date").
Dole's dividend payout ratio is perhaps best considered in relation to those of similar companies.
Over the last 12 months, Dole's shares have ranged in value from as little as $10.3387 up to $13.89. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Dole's is 0.839. This would suggest that Dole's shares are less volatile than average (for this exchange).
To put Dole's beta into context you can compare it against those of similar companies.
Dole plc engages in sourcing, processing, marketing, and distribution of fresh fruit and vegetables worldwide. The company operates through three segments: Fresh Fruit; Diversified Fresh Produce - EMEA; and Diversified Fresh Produce - Americas and ROW. It offers bananas, pineapples, grapes, berries, avocados, organic produce, cherries, apples, potato, and onion. The company offers its products under DOLE brand. It serves retailers, wholesalers, and foodservice customers. Dole plc was incorporated in 2017 and is headquartered in Dublin, Ireland. .
Everything we know about the YanGuFang Int Group IPO, plus information on how to buy in.
Steps to owning and managing EDBL, with 24-hour and historical pricing before you buy.
Steps to owning and managing COCO, with 24-hour and historical pricing before you buy.
Steps to owning and managing PTLO, with 24-hour and historical pricing before you buy.
Steps to owning and managing SG, with 24-hour and historical pricing before you buy.
Steps to owning and managing GRAB, with 24-hour and historical pricing before you buy.
Everything we know about the Gopuff IPO, plus information on how to buy in.
Steps to owning and managing SBUX, with 24-hour and historical pricing before you buy.
Steps to owning and managing MCD, with 24-hour and historical pricing before you buy.
Steps to owning and managing KO, with 24-hour and historical pricing before you buy.