Dole Plc (DOLE)
NYSE:DOLE
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Dole
(NYSE:DOLE)
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Rating:59Neutral
Price Target:
$16.50
â–²(25.09% Upside)
Action:ReiteratedDate:02/25/26
The score is held back primarily by mixed fundamentals—thin profitability and notably weak 2025 free cash flow—despite improving revenue and leverage trends. Technicals are moderately supportive with the stock trading above key moving averages, but valuation is a meaningful constraint due to the high P/E. Earnings call guidance and strategic actions are modest positives, tempered by cost and cash conversion risks.
Positive Factors
Accelerating revenue momentum
Sustained top-line growth across the business demonstrates demand resilience and expanding volumes in Diversified segments. Durable revenue momentum supports operating leverage, funds routine capex and strategic actions, and helps absorb cyclical fruit-price swings over the next several quarters.
Negative Factors
Weak free cash flow conversion
A near-zero FCF year highlights cash-conversion volatility and working-capital sensitivity. Persistent swings in cash flow constrain the firm's ability to self-fund capex, debt reduction or shareholder returns without asset sales or external funding, raising financing and execution risk in coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue momentum
Sustained top-line growth across the business demonstrates demand resilience and expanding volumes in Diversified segments. Durable revenue momentum supports operating leverage, funds routine capex and strategic actions, and helps absorb cyclical fruit-price swings over the next several quarters.
Read all positive factors
Dole (DOLE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.44B
Dividend Yield2.23%
Average Volume (3M)756.48K
Price to Earnings (P/E)27.8
Beta (1Y)0.37
Revenue Growth7.09%
EPS Growth-83.75%
CountryUS
Employees35,371
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.14
Shares Outstanding95,164,640
10 Day Avg. Volume528,051
30 Day Avg. Volume756,476
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)1.05
Price to Sales (P/S)0.16
P/FCF Ratio-54.43
Enterprise Value/Market Cap1.71
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit3.44
Enterprise Value/Ebitda6.82
Forecast
1Y Price Target
$14.50Price Target Upside9.93% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)1.43
Revenue Forecast (FY)$9.40B
Dole Business Overview & Revenue Model
Company Description
Dole plc engages in sourcing, processing, marketing, and distribution of fresh fruit and vegetables worldwide. The company operates through four segments: Fresh Fruit; Diversified Fresh Produce - EMEA; Diversified Fresh Produce - Americas and ROW;...
How the Company Makes Money
Dole generates revenue primarily through the sale of fresh produce, including bananas, pineapples, and packaged salads. The company operates in both the fresh and processed food segments, with significant revenue streams coming from its extensive ...
Dole Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Positive
The call presents a generally positive operational and strategic picture: adjusted EBITDA beat guidance, revenue grew across the business, key segments (Diversified Americas and EMEA) showed strong percentage gains, leverage improved and strategic portfolio actions (Fresh Vegetables sale, port sale agreement, credit facility renewal) strengthen financial flexibility. However, meaningful headwinds remain — Fresh Fruit margin pressure from elevated sourcing costs, weather-related disruptions and several non-cash charges drove a significant decline in reported net income and constrained free cash flow in 2025. Management expects improvement in 2026 but guidance carries uncertainty tied to sourcing costs and seasonal dynamics.Positive Updates
Adjusted EBITDA Ahead of Guidance
Full-year adjusted EBITDA of $395 million, coming in ahead of the company's latest guidance and 1% above 2024.
Negative Updates
Fresh Fruit Margin Pressure from Elevated Sourcing Costs
Fresh Fruit faced elevated sourcing costs for bananas, pineapples and plantains, resulting in lower segment profitability; full-year Fresh Fruit adjusted EBITDA was $189 million but profitability was down versus prior year.
Read all updates
Q4-2025 Updates
Positive
Negative
Adjusted EBITDA Ahead of Guidance
Full-year adjusted EBITDA of $395 million, coming in ahead of the company's latest guidance and 1% above 2024.
Read all positive updates
Company Guidance
Management guided to at least $400 million of adjusted EBITDA for 2026 (vs $395m in 2025), expecting improvement as Honduran production recovers and demand remains robust, with growth skewed to the back half of the year; they forecast routine CapEx of ~£100m (broadly in line with depreciation), interest expense of ~$60m in 2026 (vs £66.5m in 2025), and normalized free cash flow conversion of 30–35% (2025 FCF from continuing ops £1.7m; excluding one‑offs ~ $81m), while closing 2025 at 1.5x leverage (down from 1.6x). Key 2025 metrics referenced in the outlook: revenue £9.2bn (+8.2% YoY) and Q4 revenue £2.4bn (+9.2% reported, +5.7% LFL), Q4 adjusted EBITDA £72.7m, full‑year adjusted diluted EPS $1.20 (vs $1.27), Q4 net income £6m (vs loss £31.6m prior year) and full‑year net income £82m (vs £143m), cash CapEx £121.5m (including £36m vessel buyouts), a $1.2bn credit facility renewal, sale of Fresh Vegetables for $140m gross, expected net proceeds of ~ $75m from the Ecuador port sale, a $100m share‑repurchase authorization (£4.5m spent on 300k shares at $15.15 avg), and a Q4 dividend of $0.085.Dole Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.17B | 8.48B | 8.25B | 8.02B | 5.94B |
| Gross Profit | 714.31M | 717.72M | 694.17M | 599.88M | 344.00M |
| EBITDA | 378.14M | 342.91M | 391.21M | 301.87M | 69.01M |
| Net Income | 51.32M | 125.51M | 124.06M | 86.50M | -7.22M |
Balance Sheet | |||||
| Total Assets | 4.62B | 4.45B | 4.56B | 4.59B | 4.67B |
| Cash, Cash Equivalents and Short-Term Investments | 274.27M | 336.04M | 281.48M | 234.21M | 256.68M |
| Total Debt | 1.25B | 1.30B | 1.43B | 1.54B | 1.74B |
| Total Liabilities | 3.12B | 3.01B | 3.14B | 3.27B | 3.42B |
| Stockholders Equity | 1.36B | 1.29B | 1.25B | 1.16B | 1.08B |
Cash Flow | |||||
| Free Cash Flow | -26.20M | 202.88M | 197.94M | 140.89M | -49.06M |
| Operating Cash Flow | 95.29M | 285.31M | 275.98M | 226.46M | 16.38M |
| Investing Cash Flow | -25.62M | 22.49M | -3.27M | -54.07M | 82.82M |
| Financing Cash Flow | -151.26M | -237.84M | -230.00M | -173.40M | -1.34M |
Dole Technical Analysis
Positive
13.19
Price Trends
15.20
Positive
14.91
Positive
14.21
Positive
Market Momentum
0.02
Negative
65.44
Neutral
90.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOLE, the sentiment is Positive. The current price of 13.19 is below the 20-day moving average (MA) of 14.55, below the 50-day MA of 15.20, and below the 200-day MA of 14.21, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 65.44 is Neutral, neither overbought nor oversold. The STOCH value of 90.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DOLE.
Dole Risk Analysis
Dole disclosed 50 risk factors in its most recent earnings report. Dole reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dole Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.03B | 18.92 | 4.53% | 3.34% | 1.11% | 414.23% | |
65 Neutral | $23.79B | 18.12 | 5.98% | 3.14% | 10.29% | 17.32% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | $1.44B | 27.79 | 3.76% | 2.23% | 7.09% | -83.75% | |
53 Neutral | $1.99B | -484.91 | -0.54% | 4.40% | -7.37% | -84.53% | |
53 Neutral | $339.50M | -19.99 | -127.44% | 0.55% | -5.52% | -2194.72% | |
49 Neutral | $238.83M | -6.84 | -12.83% | 1.99% | -14.97% | -278.36% |
* Consumer Defensive Sector Average
DOLE
Dole
15.57
2.47
18.85%
AGRO
Adecoagro SA
14.06
3.45
32.48%
ALCO
Alico
44.34
16.03
56.63%
BG
Bunge Global
122.96
51.92
73.09%
FDP
Fresh Del Monte Produce
42.74
13.30
45.18%
LMNR
Limoneira Co
13.19
-2.87
-17.85%
Dole Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Dole Posts 2025 Results, Highlights Debt Cuts and Buybacks
Positive
Feb 25, 2026
On February 25, 2026, Dole reported its fourth-quarter and full-year 2025 results, highlighting revenue growth and solid operating performance despite profit pressure from higher fruit costs and one-off items. Fourth-quarter revenue rose 9.2% to $...
Dole Announces Sale of Ecuadorian Port Business to Terminal Investment Limited
Dec 17, 2025
On December 13, 2025, Dole plc announced an agreement to sell its Ecuadorian port business, including port properties in Guayaquil, to Terminal Investment Limited Holding S.A. for approximately $75 million in net cash proceeds. Despite the sale, D...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.