Recent News
On April 13, 2026 the board amended the record date for a previously declared $0.20 quarterly cash dividend from April 1 to April 24, 2026; the payment remains set for April 29, 2026. On April 17, 2026 the Hart‑Scott‑Rodino waiting period tied to the proposed merger cleared, removing a key statutory timing obstacle to the Mission Produce–Calavo combination.
Technical Analysis
Directional indicators show a bullish directional bias: ADX at 27.04 signals a strong trend, with DI+ at 33.33 increasing and DI‑ at 17.61 decreasing, which favors upside directional momentum relative to the valuation.
MACD sits slightly above its signal (MACD 0.55 vs signal 0.50), producing a bullish cross; however, the MACD reading shows a peak-and-reversal that signals waning momentum and cautions that the current crossover may lack follow‑through.
MRO at 28.1 places the price above WMDST’s target and implies downward pressure on the price toward fair-value alignment; the magnitude suggests notable mean-reversion potential that contrasts with the directional indicators.
RSI at 58.1 with a peak-and-reversal pattern indicates prior buying pressure fading; the level remains below overbought but flags loss of upward conviction for the immediate horizon.
Price sits above short- and medium-term averages: close $27.99 exceeds the 12‑day EMA $27.69 and the 20‑day average $27.60, while the 200‑day average stands at $24.85; the 12‑day EMA shows an increasing short-term bias that supports a constructive near-term posture despite momentum warnings.
Bollinger bands center near $27.60 with the 1× upper band at $28.18 and 2× upper at $28.77; intraday range and a super‑trend lower at $26.74 provide proximate technical reference points for short‑term traders evaluating risk placement relative to the current valuation.
Fundamental Analysis
Top-line and margin dynamics: total revenue $122,202,000 with YoY revenue growth −78.30% and QoQ −93.43%, reflecting sharp period-to-period contraction. Gross margin at 12.43% contracted YoY but improved QoQ; gross margin remains below the industry peer range low of 17.89% and well under the industry peer mean of 27.73%.
Profitability: EBIT $1,950,000 yields an EBIT margin of 1.60%, down −43.30% QoQ and −51.12% YoY, positioning EBIT margin below the industry peer range (industry peer low 5.40%, mean 11.29%, median 12.17%). Operating income shows a loss of $1,447,000 and operating margin −1.18%, which contrasts with typical peer operating margins and reduces short-term valuation support.
Earnings and cash flow: GAAP EPS $0.27 beat the estimate $0.22 by $0.05, a surprise of +22.73%. Net income $732,000 versus operating cash flow negative $8,658,000; free cash flow −$9,446,000 producing a free cash flow yield of −2.13%. The negative operating and free cash flow, together with retained earnings of $24,996,000, create a working-capital profile that requires monitoring despite healthy cash on hand.
Balance sheet and leverage: cash and short-term investments $47,670,000 support a current ratio of 2.21 and quick ratio 1.66. Total debt $22,396,000 produces debt-to-assets 7.51% and debt-to-equity 10.89%; debt-to-EBITDA stands at ~6.05x, indicating elevated leverage relative to recent EBITDA but still modest absolute debt levels given cash balances.
Returns and valuation multiples: return on equity 0.36% and return on assets 0.25% remain well below the industry peer mean and median. P/E at 91.7x and forward P/E ~60.9x sit above the industry peer mean (P/E mean ~65.13x, median ~70.03x), consistent with the WMDST assessment that the current valuation appears over‑valued. Book value per share $11.51 with price-to-book ~2.15x (slightly above the industry peer mean of 2.09x) further underscores premium valuation relative to peers.
Valuation summary: WMDST values the stock as over‑valued given compressed margins, negative cash conversion from operations, and elevated P/E multiples in the context of slowing revenue and operating profitability.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-01-31 |
| REPORT DATE: | 2026-03-12 |
| NEXT REPORT DATE: | 2026-06-11 |
| CASH FLOW | Begin Period Cash Flow | $ 61.2 M |
| Operating Cash Flow | $ -8.66 M | |
| Capital Expenditures | $ -788.00 K | |
| Change In Working Capital | $ -13.46 M | |
| Dividends Paid | $ -3.58 M | |
| Cash Flow Delta | $ -13.48 M | |
| End Period Cash Flow | $ 47.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 122.2 M | |
| Forward Revenue | $ 283.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 107.0 M | |
| Depreciation | $ 1.8 M | |
| Depreciation and Amortization | $ 1.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 123.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 15.2 M | |
| EBITDA | $ 3.7 M | |
| EBIT | $ 1.9 M | |
| Operating Income | $ -1.45 M | |
| Interest Income | $ 542.0 K | |
| Interest Expense | $ 129.0 K | |
| Net Interest Income | $ 413.0 K | |
| Income Before Tax | $ 1.8 M | |
| Tax Provision | $ 473.0 K | |
| Tax Rate | 26.0 % | |
| Net Income | $ 732.0 K | |
| Net Income From Continuing Operations | $ 804.0 K | |
| EARNINGS | ||
| EPS Estimate | $ 0.22 | |
| EPS Actual | $ 0.27 | |
| EPS Difference | $ 0.05 | |
| EPS Surprise | 22.727 % | |
| Forward EPS | $ 0.38 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 298.2 M | |
| Intangible Assets | $ 10.2 M | |
| Net Tangible Assets | $ 195.4 M | |
| Total Current Assets | $ 152.6 M | |
| Cash and Short-Term Investments | $ 47.7 M | |
| Cash | $ 47.7 M | |
| Net Receivables | $ 40.6 M | |
| Inventory | $ 37.8 M | |
| Long-Term Investments | $ 494.0 K | |
| LIABILITIES | ||
| Accounts Payable | $ 27.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 69.1 M | |
| Net Debt | — | |
| Total Debt | $ 22.4 M | |
| Total Liabilities | $ 90.8 M | |
| EQUITY | ||
| Total Equity | $ 205.7 M | |
| Retained Earnings | $ 25.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.51 | |
| Shares Outstanding | 17.874 M | |
| Revenue Per-Share | $ 6.84 | |
| VALUATION | Market Capitalization | $ 442.7 M |
| Enterprise Value | $ 417.4 M | |
| Enterprise Multiple | 112.686 | |
| Enterprise Multiple QoQ | 68.039 % | |
| Enterprise Multiple YoY | 94.089 % | |
| Enterprise Multiple IPRWA | high: 162.748 CVGW: 112.686 median: 45.48 mean: 28.317 low: -45.021 |
|
| EV/R | 3.416 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.45 | |
| Asset To Liability | 3.282 | |
| Debt To Capital | 0.098 | |
| Debt To Assets | 0.075 | |
| Debt To Assets QoQ | -6.452 % | |
| Debt To Assets YoY | -9.441 % | |
| Debt To Assets IPRWA | high: 0.544 median: 0.431 mean: 0.424 CVGW: 0.075 low: 0.027 |
|
| Debt To Equity | 0.109 | |
| Debt To Equity QoQ | -3.968 % | |
| Debt To Equity YoY | -11.535 % | |
| Debt To Equity IPRWA | high: 2.201 median: 1.495 mean: 1.387 CVGW: 0.109 low: 0.035 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.152 | |
| Price To Book QoQ | 12.602 % | |
| Price To Book YoY | 1.025 % | |
| Price To Book IPRWA | high: 2.56 median: 2.56 CVGW: 2.152 mean: 2.087 low: 1.017 |
|
| Price To Earnings (P/E) | 91.724 | |
| Price To Earnings QoQ | 3.501 % | |
| Price To Earnings YoY | 25.819 % | |
| Price To Earnings IPRWA | CVGW: 91.724 high: 78.756 median: 70.028 mean: 65.132 low: 44.5 |
|
| PE/G Ratio | 11.466 | |
| Price To Sales (P/S) | 3.622 | |
| Price To Sales QoQ | 14.171 % | |
| Price To Sales YoY | 30.322 % | |
| Price To Sales IPRWA | high: 5.965 median: 5.391 mean: 4.901 CVGW: 3.622 low: 2.978 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 60.882 | |
| Forward PE/G | 7.61 | |
| Forward P/S | 1.562 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 22.353 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.414 | |
| Asset Turnover Ratio QoQ | -1.48 % | |
| Asset Turnover Ratio YoY | -19.558 % | |
| Asset Turnover Ratio IPRWA | CVGW: 0.414 high: 0.212 mean: 0.147 low: 0.137 median: 0.137 |
|
| Receivables Turnover | 3.385 | |
| Receivables Turnover Ratio QoQ | -0.753 % | |
| Receivables Turnover Ratio YoY | -2.436 % | |
| Receivables Turnover Ratio IPRWA | high: 3.501 CVGW: 3.385 mean: 2.715 low: 2.366 median: 2.366 |
|
| Inventory Turnover | 2.999 | |
| Inventory Turnover Ratio QoQ | -15.193 % | |
| Inventory Turnover Ratio YoY | -19.946 % | |
| Inventory Turnover Ratio IPRWA | CVGW: 2.999 high: 1.613 median: 1.613 mean: 1.476 low: 1.028 |
|
| Days Sales Outstanding (DSO) | 26.958 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 35.307 | |
| Cash Conversion Cycle Days QoQ | 33.978 % | |
| Cash Conversion Cycle Days YoY | 4.889 % | |
| Cash Conversion Cycle Days IPRWA | high: 66.068 CVGW: 35.307 mean: 8.425 low: -15.604 median: -15.604 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.463 | |
| CapEx To Revenue | -0.006 | |
| CapEx To Depreciation | -0.449 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 205.7 M | |
| Net Invested Capital | $ 205.7 M | |
| Invested Capital | $ 205.7 M | |
| Net Tangible Assets | $ 195.4 M | |
| Net Working Capital | $ 83.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.69 | |
| Current Ratio | 2.209 | |
| Current Ratio QoQ | -10.572 % | |
| Current Ratio YoY | -1.112 % | |
| Current Ratio IPRWA | high: 8.214 CVGW: 2.209 mean: 1.481 low: 0.563 median: 0.563 |
|
| Quick Ratio | 1.663 | |
| Quick Ratio QoQ | -13.177 % | |
| Quick Ratio YoY | -0.501 % | |
| Quick Ratio IPRWA | high: 6.576 CVGW: 1.663 mean: 1.029 median: 0.361 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.046 | |
| Cost Of Debt | 0.416 % | |
| Interest Coverage Ratio | 15.116 | |
| Interest Coverage Ratio QoQ | -9.13 % | |
| Interest Coverage Ratio YoY | -36.128 % | |
| Interest Coverage Ratio IPRWA | high: 1383.808 mean: 155.643 CVGW: 15.116 median: 4.205 low: 3.453 |
|
| Operating Cash Flow Ratio | -0.106 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 20.461 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.205 | |
| Dividend Payout Ratio | 4.885 | |
| Dividend Rate | $ 0.20 | |
| Dividend Yield | 0.008 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.03 % | |
| Revenue Growth | -1.988 % | |
| Revenue Growth QoQ | -93.434 % | |
| Revenue Growth YoY | -78.304 % | |
| Revenue Growth IPRWA | CVGW: -1.988 % high: -6.421 % mean: -8.702 % median: -8.725 % low: -13.326 % |
|
| Earnings Growth | 8.0 % | |
| Earnings Growth QoQ | -114.25 % | |
| Earnings Growth YoY | -98.571 % | |
| Earnings Growth IPRWA | CVGW: 8.0 % high: -13.333 % mean: -36.21 % median: -41.818 % low: -50.235 % |
|
| MARGINS | ||
| Gross Margin | 12.425 % | |
| Gross Margin QoQ | 33.001 % | |
| Gross Margin YoY | 21.957 % | |
| Gross Margin IPRWA | high: 30.809 % median: 30.809 % mean: 27.734 % low: 17.885 % CVGW: 12.425 % |
|
| EBIT Margin | 1.596 % | |
| EBIT Margin QoQ | -43.304 % | |
| EBIT Margin YoY | -51.118 % | |
| EBIT Margin IPRWA | high: 12.169 % median: 12.169 % mean: 11.292 % low: 5.395 % CVGW: 1.596 % |
|
| Return On Sales (ROS) | -1.184 % | |
| Return On Sales QoQ | -14.389 % | |
| Return On Sales YoY | -136.263 % | |
| Return On Sales IPRWA | high: 12.487 % median: 12.487 % mean: 11.148 % low: 5.395 % CVGW: -1.184 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -9.45 M | |
| Free Cash Flow Yield | -2.134 % | |
| Free Cash Flow Yield QoQ | -790.615 % | |
| Free Cash Flow Yield YoY | 94.531 % | |
| Free Cash Flow Yield IPRWA | high: 5.647 % mean: 2.31 % low: 1.235 % median: 1.235 % CVGW: -2.134 % |
|
| Free Cash Growth | -872.363 % | |
| Free Cash Growth QoQ | 947.38 % | |
| Free Cash Growth YoY | 501.638 % | |
| Free Cash Growth IPRWA | high: 237.752 % mean: 22.866 % low: -56.268 % median: -56.268 % CVGW: -872.363 % |
|
| Free Cash To Net Income | -12.904 | |
| Cash Flow Margin | -6.018 % | |
| Cash Flow To Earnings | -10.046 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.248 % | |
| Return On Assets QoQ | -80.715 % | |
| Return On Assets YoY | -83.152 % | |
| Return On Assets IPRWA | high: 1.606 % mean: 1.029 % low: 0.933 % median: 0.933 % CVGW: 0.248 % |
|
| Return On Capital Employed (ROCE) | 0.851 % | |
| Return On Equity (ROE) | 0.004 | |
| Return On Equity QoQ | -80.694 % | |
| Return On Equity YoY | -83.759 % | |
| Return On Equity IPRWA | high: 0.032 median: 0.032 mean: 0.029 low: 0.019 CVGW: 0.004 |
|
| DuPont ROE | 0.355 % | |
| Return On Invested Capital (ROIC) | 0.702 % | |
| Return On Invested Capital QoQ | -47.612 % | |
| Return On Invested Capital YoY | -104.459 % | |
| Return On Invested Capital IPRWA | high: 1.815 % median: 1.754 % mean: 1.704 % low: 1.171 % CVGW: 0.702 % |
|