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Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes. It has approximately 3,500 acres of lemons planted primarily in Ventura, Tulare, San Luis Obispo, and San Bernardino Counties in California; and Jujuy, Argentina, as well in Yuma County, Arizona, and La Serena, Chile; 1,200 acres of avocados planted in Ventura County; 100 acres of oranges planted in Tulare County, California; and 400 acres of specialty citrus and other crops. In addition, the company rents residential housing units and commercial office buildings, as well as leases approximately 400 acres of its land to third-party agricultural tenants. Further, it is involved in the organic recycling operations; and development of land parcels, multi-family housing, and single-family homes. The company markets and sells its lemons directly to food service, wholesale, and retail customers; avocados, oranges, specialty citrus, and other crops to third-party packinghouses; and wine grapes to wine producers. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.
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Limoneira Co is a U.S.-listed agribusiness and land-development company that grows, packs and markets citrus, avocados and other fresh produce and manages significant farmland and development acreage in California and Arizona. Long-term growth drivers include rising demand for fresh fruit, a shift to higher-value crops and potential upside from phased land development and asset monetization, which may benefit from integrated operations.
Principal risks include weather and drought exposure, perishable-price volatility, labor and regulatory pressures and sensitivity to real estate market cycles.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
| Income before tax | 13.36M | 0.35M | -4.16M | -26.43M | -6.56M |
| Minority interest | 0.28M | -0.24M | -0.46M | -1.51M | 0.48M |
| Net income | 9.40M | -0.47M | -3.90M | -17.94M | -5.47M |
| Selling general administrative | 26.45M | 21.82M | 19.43M | 21.28M | 21.17M |
| Gross profit | 179.90M | 19.52M | 13.20M | 2.77M | 14.59M |
| Reconciled depreciation | 8.58M | 9.80M | 9.81M | 10.10M | 8.63M |
| Ebit | - | -2.30M | -6.22M | -18.51M | -6.58M |
| Ebitda | 10.78M | -1.86M | -2.55M | -17.59M | -5.54M |
| Depreciation and amortization | - | 0.44M | 3.67M | 0.92M | 1.05M |
| Non operating income net other | - | -1.85M | 3.67M | -5.38M | 1.08M |
| Operating income | 10.78M | -2.30M | -6.22M | -18.51M | -6.58M |
| Other operating expenses | 169.12M | 186.90M | 172.25M | 183.06M | 177.98M |
| Interest expense | -0.49M | 2.29M | 1.50M | 2.05M | 2.13M |
| Tax provision | 4.25M | 0.82M | -0.27M | -8.49M | -1.10M |
| Interest income | 0.36M | 0.05M | 0.38M | 0.36M | 1.18M |
| Net interest income | -0.13M | -2.24M | -1.12M | -1.69M | -2.13M |
| Income tax expense | -4.25M | 0.82M | -0.27M | -8.49M | -1.10M |
| Total revenue | 179.90M | 184.60M | 166.03M | 164.56M | 171.40M |
| Total operating expenses | 26.45M | 21.82M | 19.43M | 21.28M | 21.17M |
| Cost of revenue | 173.78M | 165.09M | 152.82M | 161.78M | 156.81M |
| Total other income expense net | 2.58M | 2.65M | 2.06M | -7.93M | 0.02M |
| Net income from continuing ops | 9.12M | -0.47M | -3.90M | -17.94M | -5.47M |
| Net income applicable to common shares | - | -0.74M | -3.94M | -16.94M | -6.44M |
| Preferred stock and other adjustments | - | 0.50M | 0.50M | 0.50M | 0.50M |
| Breakdown | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
| Total assets | 301.21M | 368.52M | 392.28M | 389.60M | 399.87M |
| Intangible assets | 6.66M | 7.32M | 8.33M | 11.31M | 12.41M |
| Other current assets | 12.14M | 17.14M | 18.21M | 17.55M | 15.38M |
| Total liab | 100.71M | 176.65M | 193.03M | 183.03M | 167.37M |
| Total stockholder equity | 189.69M | 180.25M | 187.28M | 192.83M | 217.08M |
| Deferred long term liab | - | 23.50M | 22.85M | 22.43M | 24.35M |
| Other current liab | 23.09M | -7.36M | 13.52M | 14.22M | 9.17M |
| Common stock | 0.18M | 0.18M | 0.18M | 0.18M | 0.18M |
| Capital stock | 10.99M | 10.99M | 10.99M | 10.99M | 10.99M |
| Retained earnings | 19.02M | 15.50M | 21.55M | 30.80M | 53.09M |
| Other liab | - | 28.24M | 27.35M | 29.00M | 29.81M |
| Good will | 1.51M | 1.51M | 1.53M | 1.53M | 1.84M |
| Other assets | - | 12.90M | 33.84M | 91.59M | 21.37M |
| Cash | 3.63M | 0.86M | 0.44M | 0.50M | 0.62M |
| Total current liabilities | 33.36M | 39.27M | 35.32M | 31.46M | 31.66M |
| Current deferred revenue | - | 23.50M | - | 22.43M | - |
| Net debt | 37.38M | 104.95M | 132.39M | 125.35M | 108.30M |
| Short term debt | 0.38M | 1.73M | 2.47M | 3.28M | 3.02M |
| Short long term debt | 0.38M | 1.73M | 2.47M | 3.28M | 3.02M |
| Short long term debt total | 41.01M | 105.81M | 132.82M | 125.85M | 108.92M |
| Other stockholder equity | 174.68M | 161.68M | 160.47M | 158.59M | 160.25M |
| Property plant equipment | - | 222.63M | 242.42M | 242.65M | 248.11M |
| Total current assets | 30.23M | 37.53M | 42.09M | 42.52M | 35.07M |
| Long term investments | 78.82M | 72.86M | 64.07M | 61.21M | 75.57M |
| Net tangible assets | - | 178.75M | 166.61M | 179.99M | 202.83M |
| Short term investments | - | 16.97M | - | 61.21M | - |
| Net receivables | 14.46M | 19.54M | 23.44M | 24.47M | 19.08M |
| Long term debt | 40.63M | 104.08M | 130.35M | 122.57M | 105.89M |
| Inventory | - | 8.64M | 7.50M | 6.87M | 7.22M |
| Accounts payable | 9.89M | 21.40M | 19.33M | 13.96M | 19.47M |
| Noncontrolling interest in consolidated entity | - | 11.61M | 11.96M | 13.74M | 15.42M |
| Accumulated other comprehensive income | -5.67M | -7.91M | -5.73M | -7.55M | -7.25M |
| Common stock total equity | - | 0.18M | 0.18M | 0.18M | 0.18M |
| Retained earnings total equity | - | 15.50M | 21.55M | 30.80M | 53.09M |
| Non currrent assets other | 1.20M | 3.18M | 11.01M | 8.74M | 9.27M |
| Non current assets total | 270.99M | 330.98M | 350.19M | 347.08M | 364.80M |
| Capital lease obligations | 4.47M | 7.09M | 0.60M | 0.96M | - |
| Long term debt total | - | 104.08M | 130.35M | 122.57M | 105.89M |
| Breakdown | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
| Investments | 90.58M | 2.32M | -0.55M | 8.18M | 0.75M |
| Change to liabilities | - | 5.07M | 5.39M | -5.79M | 4.74M |
| Total cashflows from investing activities | - | 19.43M | -10.24M | 3.85M | -23.65M |
| Net borrowings | - | -26.81M | 7.04M | 16.92M | 28.87M |
| Total cash from financing activities | -71.92M | -33.52M | 0.53M | 7.36M | 22.43M |
| Change to operating activities | - | 2.76M | -2.27M | -0.56M | -1.20M |
| Net income | 9.12M | -0.47M | -3.90M | -17.94M | -5.47M |
| Change in cash | 2.77M | 0.42M | -0.06M | -0.12M | 0.01M |
| Begin period cash flow | 0.86M | 0.44M | 0.50M | 0.62M | 0.61M |
| End period cash flow | 3.63M | 0.86M | 0.44M | 0.50M | 0.62M |
| Total cash from operating activities | -15.87M | 14.83M | 9.61M | -11.32M | 1.36M |
| Issuance of capital stock | - | - | - | 0.00M | 0.00M |
| Depreciation | 8.58M | 9.80M | 9.81M | 10.10M | 8.63M |
| Other cashflows from investing activities | - | 17.11M | 0.03M | -4.34M | -8.53M |
| Dividends paid | -5.38M | -5.82M | -5.80M | -5.86M | 5.83M |
| Change to inventory | - | -1.15M | -5.39M | 5.54M | -3.39M |
| Change to account receivables | 0.81M | 1.84M | -5.08M | -0.31M | -4.01M |
| Sale purchase of stock | - | 0.00M | 0.00M | -3.49M | -4.79M |
| Other cashflows from financing activities | -66.54M | 146.43M | 101.50M | -0.28M | 122.26M |
| Change to netincome | - | -0.25M | -0.08M | 0.74M | -2.97M |
| Capital expenditures | 10.30M | 10.07M | 9.83M | 10.60M | 16.26M |
| Change receivables | - | 1.84M | -5.08M | - | -4.01M |
| Cash flows other operating | - | -0.02M | 5.41M | 1.21M | -1.04M |
| Cash and cash equivalents changes | - | 0.75M | -0.10M | -0.11M | 0.14M |
| Change in working capital | -0.96M | 5.31M | 3.32M | -10.99M | -0.98M |
| Stock based compensation | 3.84M | 2.73M | 2.58M | 2.04M | 1.79M |
| Other non cash items | -34.50M | -3.08M | -2.02M | 7.60M | -1.84M |
| Free cash flow | -26.18M | 4.76M | -0.23M | -21.92M | -14.90M |
Sector: Consumer Defensive Industry: Farm Products
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LMNR Limoneira Co |
-0.06 0.58% |
10.36 | - | 128.21 | 1.91 | 2.01 | 2.28 | -45.27 |
| ADM Archer-Daniels-Midland Company |
-0.01 0.01% |
70.91 | 23.66 | 16.45 | 0.51 | 1.77 | 0.61 | 12.88 |
| BG Bunge Global SA |
0.19 0.19% |
100.47 | 25.52 | 14.53 | 0.35 | 1.53 | 0.54 | 15.43 |
| TSN Tyson Foods Inc |
-0.57 0.95% |
59.30 | - | 24.94 | 0.34 | 1.00 | 0.51 | 26.68 |
| MNHVF Mowi ASA |
-0.00 0.01% |
23.55 | 15.54 | 15.90 | 1.89 | 2.37 | 2.20 | 9.26 |
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes. It has approximately 3,500 acres of lemons planted primarily in Ventura, Tulare, San Luis Obispo, and San Bernardino Counties in California; and Jujuy, Argentina, as well in Yuma County, Arizona, and La Serena, Chile; 1,200 acres of avocados planted in Ventura County; 100 acres of oranges planted in Tulare County, California; and 400 acres of specialty citrus and other crops. In addition, the company rents residential housing units and commercial office buildings, as well as leases approximately 400 acres of its land to third-party agricultural tenants. Further, it is involved in the organic recycling operations; and development of land parcels, multi-family housing, and single-family homes. The company markets and sells its lemons directly to food service, wholesale, and retail customers; avocados, oranges, specialty citrus, and other crops to third-party packinghouses; and wine grapes to wine producers. Limoneira Company was founded in 1893 and is headquartered in Santa Paula, California.
1141 Cummings Road, Santa Paula, CA, United States, 93060
805 525 5541
257
| Name | Title | Year Born |
|---|---|---|
| Mr. Harold S. Edwards | Pres, CEO & Director | 1966 |
| Mr. Mark Palamountain | CFO & Treasurer | 1976 |
| Ms. Amy Fukutomi | VP of Compliance & Corp. Sec. | 1967 |
| Mr. Anthony Ecuyer | VP of Packing & Technology | NA |
| Mr. John Carter | VP of Sales | NA |
| Mr. Michael Gonzales | Marketing Mang. | NA |
| Ms. Debra Walker | Director of HR | NA |
| Mr. John Mills | Sr. Managing Director | NA |
| Mr. Greg Hamm | VP & Controller | NA |
| Mr. Harold S. Edwards | President, CEO & Director | 1966 |
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