Dole plc

A fresh produce category leader with over 30% upside

  • Sectors : Foods
  • Companies : Dole plc

Ratings and price correct at time of issue.

  • Origin Enterprises

    Closing Price: 1605c

  • RATING 01/01/00



Following conclusion of the IPO blackout, we have today published our Dole financial model. The combination of Total Produce and Dole creates the global leader in fresh produce and continues management’s multi-year consolidation strategy. Synergy and growth opportunities will underscore earnings momentum over the medium term. Trading on just 7x FY22E EV/EBITDA, we believe the equity is mis-priced and fails to reflect management’s track record. We initiate with an ‘Outperform’ rating and US$21.50 price target, offering over 30% upside to the equity.

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Aug 24 2021, 07:30 IST/BST