Calavo Growers Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 69.16
Dividend & Yield0.29$ (0.79%)
Beta 0.64
Market capitalization 613.87M
Operating cash flow 43.36M
ESG Scores unknown

Company description

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG). The Fresh products segment distributes avocados and other fresh produce products comprising tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia. The Calavo Foods segment is involved in purchasing, processing, packaging, and distributing prepared avocado products, including guacamole and salsa. The RFG segment manufactures, markets, and distributes fresh-cut fruits and vegetables, fresh prepared entrée salads, wraps, sandwiches, and fresh snacking products, as well as ready-to-heat entrees, other hot bar and various deli items, meals kits and related components, and salad kits. The company offers its products under the Calavo and RFG brands, and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, RIPE NOW!, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.

Sector: Consumer Defensive - Industry: Food Distribution

Financial Ratios
Quick Ratio0.98
Working Capital-0.31
Return On Equity-0.05
Debt To Equity0.17
Fixed Asset Ratio0.03
Fixed Interest Cover3.4

Financial data

Financial Statements

Cashflow Statement 2018-10-31 2019-10-31 2020-10-31 2021-10-31
Change To Liabilities -10.47M 3.71M -16.14M 26.76M
Total Cashflows From Investing Activities -30.2M -31.85M -31.93M -9.36M
Net Borrowings -5.14M -15.3M 19.58M 15.75M
Total Cash From Financing Activities -23.33M -33.8M -865k -5.41M
Change To Operating Activities -3.9M -6.5M -2.65M -4.26M
Issuance Of Stock 53k 85k 86k 47k
Net Income 32.28M 36.65M -13.62M -11.82M
Change In Cash -5.11M 6.45M -3.92M -1.2M
Effect Of Exchange Rate
Total Cash From Operating Activities 48.43M 72.1M 28.88M 13.57M
Depreciation 13.04M 13.63M 16.09M 17.57M
Change To Account Receivables 3.62M 2.69M 1.86M -15.02M
Other Cashflows From Financing Activities
Change To Netincome 21.19M 24.09M 52.59M 2.5M
Capital Expenditures -15M -16.72M -11.34M -11.44M

Income Statement 2018-10-31 2019-10-31 2020-10-31 2021-10-31
Research Development
Income Before Tax 44.73M 49.47M -18.13M -1.18M
Net Income 32.28M 36.65M -13.62M -11.82M
Selling General Administrative 56.19M 59.11M 56.83M 53.5M
Gross Profit 113.62M 128.08M 89.9M 58.01M
Ebit 57.43M 68.97M 33.06M 2.71M
Operating Income 57.43M 68.97M 33.06M 2.71M
Interest Expense -831k -948k -877k -798k
Income Tax Expense 12.72M 12.88M -4.29M 10.75M
Total Revenue 1.09B 1.2B 1.06B 1.06B
Cost Of Revenue 975.14M 1.07B 969.47M 997.82M
Total Other Income ExpenseNet -12.7M -19.5M -51.2M -3.89M
Net Income From Continuing Ops 32.01M 36.59M -13.84M -11.92M
Net Income Applicable To Common Shares 32.28M 36.65M -13.62M -11.82M

Balance Sheet Statement 2018-10-31 2019-10-31 2020-10-31 2021-10-31
Total Liabilities 102.78M 104.49M 173.62M 218.52M
Total Stockholder Equity 263.21M 284.18M 254.53M 225.51M
Other Current Liabilities 38.47M 38.05M 46.74M 63.93M
Total Assets 367.74M 390.36M 429.62M 445.4M
Common Stock 18k 18k 18k 18k
Other Current Assets 6.36M 7.34M 5.06M 7.66M
Retained Earnings 93.12M 122.56M 89.51M 57.36M
Treasury Stock 12.14M
Cash 1.52M 7.97M 4.05M 1.89M
Total Current Liabilities 98.94M 90.63M 106.33M 114.62M
Other Stockholder Equity 12.14M
Property, Plant, and Equipment 122.14M 132.1M 190.53M 178.12M
Total Current Assets 128.51M 127.52M 135.9M 152.64M
Net Tangible Assets 243.84M 265.48M 215.64M 188.09M
Net Receivables 80.16M 68.99M 76.66M 92.99M
Accounts Payable 27.74M 30.88M 20.73M 32.83M


Insider Transactions

Here are the insider transactions of stock shares related to Calavo Growers Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
KOCHER BRIAN WD2022-11-01Chief Executive Officer3.56k
MONTGOMERY GRACIELAD2022-11-01Officer623
HELIN JAMES DSale at price 32.00 per share.D2022-10-17Director2k
HOLLISTER STEVENPurchase at price 31.67 per share.D2022-10-05Director1k
KOCHER BRIAN WStock Award(Grant) at price 0.00 per share.D2022-02-01Chief Executive Officer28.99k
ASLAM FARHAStock Award(Grant) at price 0.00 per share.D2022-01-20Director1.5k
LEAVENS J LINKStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
HUNT JOHN MStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
SANDERS DONALD MStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
HOLLISTER STEVENStock Award(Grant) at price 0.00 per share.D2022-01-03Chief Executive Officer2.81k
BROWN MARC LAURENCEStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
HELIN JAMES DStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
DIGREGORIO MICHAEL ANTHONYStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
DIGREGORIO MICHAEL ANTHONYConversion of Exercise of derivative security at price 23.48 per share.D2022-01-03Director2k
HOLMGREN KATHLEEN MStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
ASLAM FARHAStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
MENDIZABAL ADRIANAStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.81k
VAN DER KAR SCOTTStock Gift at price 0.00 per share.D/I2021-12-14Director11.5k
SILVA JOELStock Award(Grant) at price 0.00 per share.D2021-12-13Officer987
LODGE MARKStock Award(Grant) at price 0.00 per share.D2021-12-13Chief Operating Officer1.16k
MATUTE MARIELA IRENEStock Award(Grant) at price 0.00 per share.D2021-10-11Chief Financial Officer8.2k
HOLLISTER STEVENPurchase at price 36.12 per share.D2021-09-14Chief Executive Officer5k
SANDERS DONALD MSale at price 80.00 per share.D2021-04-16Director2k
DIGREGORIO MICHAEL ANTHONYSale at price 78.53 per share.D2021-04-07Director1k
WEDIN ROBERT JSale at price 80.21 per share.D2021-03-17Officer2.33k
DIGREGORIO MICHAEL ANTHONYConversion of Exercise of derivative security at price 23.48 per share.D2021-01-04Director2k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Calavo Growers Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Calavo Growers Inc

Here is the result of two systematic investment strategies applied to Calavo Growers Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Calavo Growers Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Calavo Growers Inc:

Calavo Growers Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -45.14% on the backtest period.

Performance at glance

Performance

-45.14 %

Latent gain

-780.14 $

Invested capital

1728.12 $

Annualized return

-11.01 %
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Momentum strategy results on Calavo Growers Inc

This is the result of two momentum investment strategies applied to Calavo Growers Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Calavo Growers Inc

The following chart shows all the entries opened by the momentum investment system on Calavo Growers Inc:

Calavo Growers Inc momentum entries
  • The first momentum investment strategy would give -42.03% of return on Calavo Growers Inc. That represents -2374.77$ of latent gain with 5649.61$ of employed capital.
  • The second momentum investment strategy would give -45.79% of return on Calavo Growers Inc. That represents -1710.69$ of latent gain with 3735.92$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-42.03 %

Latent gain

-2374.77 $

Invested capital

5649.61 $

Annualized return

-13.39 %
Performance at glance (2Q Momentum)

Performance

-45.79 %

Latent gain

-1710.69 $

Invested capital

3735.92 $

Annualized return

-12.65 %

Momentum equity curve on Calavo Growers Inc

The following chart shows the equity curve of the two momentum strategies applied to Calavo Growers Inc:

Calavo Growers Inc momentum equity

Note: the dividends potentially given by Calavo Growers Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Calavo Growers Inc

The following chart shows the employed capital evolution of the two momentum strategies on Calavo Growers Inc since the beginning:

Calavo Growers Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Calavo Growers Inc

Buy the dip entry openings on Calavo Growers Inc

Calavo Growers Inc

The performance achieved by the robo-advisor on Calavo Growers Inc is -28.11%. That represents -539.14$ of latent gain with 1918.02$ of employed capital. The following chart shows Calavo Growers Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Calavo Growers Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-28.11 %

Latent gain

-539.14 $

Invested capital

1918.02 $

Annualized return

-13.39 %

Equity curve of the strategy applied to Calavo Growers Inc

The following chart shows the result of the investment strategy applied to Calavo Growers Inc:

Calavo Growers Inc

Note: the dividends potentially given by Calavo Growers Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Calavo Growers Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Calavo Growers Inc:

Calavo Growers Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Calavo Growers Inc

In this section, I will compare the three previous investment strategies applied to Calavo Growers Inc.

Equity curve comparison on Calavo Growers Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Calavo Growers Inc investment strategy comparison

Employed capital comparison on Calavo Growers Inc

Calavo Growers Inc investment comparison

Performance comparison on Calavo Growers Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -45.14% -780.14$ 1728.12$ -11.01%
Momentum 1 quarter -42.03% -2374.77$ 5649.61$ -10.89%
Momentum 2 quarters -45.79% -1710.69$ 3735.92$ -12.65%
Non-directional -28.11% -539.14$ 1918.02$ -13.39%
Annualized return comparison

Automatic investment

-11.01 %

Momentum 1Q

-12.65 %

Momentum 2Q

-12.65 %

Non-directional

-13.39 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Calavo Growers Inc:

Note: The algorithm computes the probability of correlation between Calavo Growers Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Calavo Growers Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Calavo Growers Inc
Country United States
City Santa Paula
Address 1141-A Cummings Road
Phone 805 525 1245
Website www.calavo.com
FullTime employees 3676
Industry Food Distribution
Sector Consumer Defensive
Exchange XNAS
Ticker CVGW
Market www.nasdaq.com

Calavo Growers Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown