Mission Produce: Still Overvalued Despite Price Decline [Seeking Alpha]
Mission Produce, Inc. (AVO)
Company Research
Source: Seeking Alpha
Avocados are an on-trend superfood with rising consumption globally. However, despite a positive outlook for avocados, the business of growing and selling the fruits are tough, with volatile prices and low margins. My estimate of intrinsic value for Mission Produce remains ~$7.50, assuming mid-cycle gross margins of 11%. I would be a buyer of AVO only if it falls significantly below intrinsic value. It has been a while since I last analyzed Mission Produce ( NASDAQ: AVO ), a vertically integrated grower and distributor of avocados. When I last analyzed the company in July 2022, I thought the company's shares were overvalued relative to a discounted cash flow analysis of the company's business. Since my article, AVO's shares have fallen by over 25% while the S&P 500 has rallied 30% for a large performance gap (Figure 1). However, in finance, there are usually no bad stocks, just bad prices. Given AVO's large decline in the past 2 years, is it time to get excited about the comp
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AVO
News
- Can Mixed Fundamentals Have A Negative Impact on Mission Produce, Inc. (NASDAQ:AVO) Current Share Price Momentum? [Yahoo! Finance]Yahoo! Finance
- Corporate Insiders Are Selling These 10 Small-Cap Stocks [Yahoo! Finance]Yahoo! Finance
- In spite of recent selling, insiders at Mission Produce, Inc. (NASDAQ:AVO) are the largest shareholders; own 39% shares [Yahoo! Finance]Yahoo! Finance
- Mission Produce (AVO) Shares Skyrocket, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Mission Produce, Inc. (NASDAQ:AVO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AVO
Earnings
- 3/11/24 - Beat
AVO
Sec Filings
- 4/24/24 - Form 4
- 4/19/24 - Form 4
- 4/15/24 - Form 4
- AVO's page on the SEC website