One-glance verdict
Undervalued
$36.33 our estimate vs market $13.19
Wall Street consensus: $17.44 (-52.0% lower than our fair-value estimate)
64% below our estimate, below the bear case
Fundamentals snapshot
Dole plc
DOLE · NYQ · Consumer Defensive · Farm Products
Current price
$13.19
52-week range
$12.52 - $16.57
Market cap
$1.25B
Balance sheet
Stretched
3.29x Stretched
Net debt $1.15B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 56.4% last year.
- Reward Returns 6.9% on equity, ahead of 50% of its peers.
- Risk Insider ownership is only 10.7% (peer median: 38.4%).
- Risk Stock trades 21.7% above its 5-year average P/E.
What this company does
Dole plc
Dole is one of the world's largest sellers of fresh fruits and vegetables, recognized by its famous DOLE brand on products like bananas and pineapples. The company makes money by growing, shipping, and distributing produce to grocery stores and wholesalers around the world. Because Dole manages this entire process, its profitability is often affected by the costs of farming, weather, and global shipping.
How the company got here
Dole's story starts in Hawaii in 1851 with a company called Castle & Cooke. Separately, James Dole began the Hawaiian Pineapple Company in 1901, which grew to be the world's largest pineapple plantation. Castle & Cooke eventually bought the pineapple business and later renamed itself Dole. A key turning point was the 2021 merger with Total Produce, an Irish produce company, which created the global powerhouse Dole plc, now headquartered in Dublin, Ireland. This merger combined Dole's famous brand and farming operations with Total Produce's large international distribution network.
What it actually does
Dole is one of the world's largest producers and sellers of fresh fruits and vegetables. You've likely seen their brand on everything from bananas and pineapples to pre-packaged salads in your local grocery store. The company is involved in the entire process, from farming the land and sourcing from other growers to shipping, packing, and marketing its products. They sell over 300 different fresh food items to supermarkets, wholesalers (businesses that sell to other businesses), and food service companies in more than 75 countries.
Fresh Fruit
This is Dole's most iconic business, focused on growing, shipping, and selling bananas and pineapples. The company owns or leases huge farms and even operates its own fleet of refrigerated ships to transport the fruit. This control over the entire journey from farm to store, known as vertical integration, is a key part of their strategy for this segment. This division sells its well-known Dole-branded fruits to retailers and wholesalers primarily in North America and Europe and represents a major part of the company's business.
Diversified Fresh Produce - EMEA
This segment sells a wide variety of imported and locally grown fresh fruits and vegetables across Europe, the Middle East, and Africa (EMEA). Unlike the Fresh Fruit segment that is focused on two main products, this division handles a much broader portfolio, including items like berries, avocados, and citrus. It serves a mix of customers, including large grocery store chains, smaller local markets, and food service operators. This part of the business is the largest contributor to the company's total sales (the total money it brings in before costs).
Diversified Fresh Produce - Americas and ROW
Similar to its European counterpart, this division markets a diverse range of globally and locally sourced produce throughout the Americas and the Rest of the World (ROW). This includes everything from apples and cherries to kiwis and various vegetables. The customers are also varied, ranging from large supermarkets to smaller regional distributors. This segment allows Dole to offer a complete solution to its customers, supplying them with a wide array of fresh produce year-round.
What management is betting on now
Dole's leadership is focused on expanding its presence in high-growth and popular categories like avocados, berries, and organic produce. They are also aiming to strengthen the Dole brand in Europe, where it is less dominant than in North America. After selling its fresh vegetables division, the company is concentrating on improving its operational efficiency and paying down debt. A key part of their strategy is to leverage their extensive global network to be a one-stop shop for retailers who want a reliable supplier for a wide variety of fresh produce.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$180.29M
FY2025 Q1
$-131.62M
FY2025 Q2
$-1.02M
FY2025 Q4
$134.35M
FY2026 Q1
$-40.23M
FY2026 Q2
$-10.82M
Revenue
$2.50B
Net income
$25.98M
Diluted EPS
0.27
Operating cash flow
$13.96M
Free cash flow
$-10.82M
Fetching…
Sources
Revenue
$2.34B
Net income
$31.30M
Diluted EPS
0.33
Operating cash flow
$-22.47M
Free cash flow
$-40.23M
Fetching…
Sources
Revenue
$7.07B
Net income
$12.41M
Diluted EPS
0.12
Operating cash flow
$183.65M
Free cash flow
$134.35M
Fetching…
Sources
Revenue
$2.43B
Net income
$9.97M
Diluted EPS
0.10
Operating cash flow
$18.34M
Free cash flow
$-1.02M
Fetching…
Sources
Revenue
$2.10B
Net income
$38.91M
Diluted EPS
0.41
Operating cash flow
$-78.79M
Free cash flow
$-131.62M
Fetching…
Sources
Revenue
$8.48B
Net income
$125.51M
Diluted EPS
1.32
Operating cash flow
$262.72M
Free cash flow
$180.29M
Fetching…
Sources
Is it cheap or expensive?
Fair value $36.33 vs current price $13.19
Wall Street consensus is the average analyst price target: $17.44 (-52.0% lower than our fair-value estimate).
Our most-likely fair value is $36.33 a share — about 175.4% above today's price of $13.19, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Stretched
Net debt $1.1B. Interest coverage 3.3x.
Net debt
$1.15B
Interest coverage
3.29x
Dole plc's profit covers its interest bill about 3.3 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Stretched
Worse cushion
Baseline
Better cushion
DOLE
BASELINE
Dole plc
Total debt $1.45B Interest coverage 3.29x This is the baseline the peer rows are being compared against.
Total debt $518.60M Interest coverage 6.94x +111% vs DOLE Carries about 2.1x more debt cushion than DOLE.
Total debt $2.33B Interest coverage 0.60x -82% vs DOLE Carries about 5.5x less debt cushion than DOLE.
Total debt $46.19M Interest coverage 10.13x +208% vs DOLE Carries about 3.1x more debt cushion than DOLE.
What you should know
The case for and against DOLE
3 Rewards
2 Risks
Rewards
-
Revenue grew 56.4% last year.
-
Returns 6.9% on equity, ahead of 50% of its peers.
-
Free cash flow was positive in 6/10 years.
Risks
-
Insider ownership is only 10.7% (peer median: 38.4%).
-
Stock trades 21.7% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
17.82x
Forward P/E
8.90x
P/B
0.94x
P/S
0.13x
EV/EBITDA
8.44x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
7.3%
Operating margin
2.7%
Net margin
0.6%
ROE
6.9%
ROA
2.6%
Health
Liquidity and balance-sheet strength
Debt / equity
0.99x
Current ratio
1.28x
Quick ratio
0.75x
Total debt
$1.45B
Total cash
$300.15M
Growth
How the business has been compounding
Revenue TTM
$14.34B
Revenue 5Y CAGR
11.5%
EPS TTM
0.74
EPS 5Y CAGR
-16.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$193.49M
Free CF TTM
$1.71M
FCF margin
0.0%
Dividend
Shareholder payout
Yield
2.6%
Payout ratio
46.0%
Last ex-div date
2026-09-16