Del Monte Pacific (D03) AI Stock Analysis

• Market Cap: S$186.62M
• Dividend Yield: N/A
• Average Volume (3M): 718.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• Revenue Growth: -48.05%
• EPS Growth: -364.94%
• Country: SG
• Employees: 11,000
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.01
• Shares Outstanding: 1,944,935,800
• 10 Day Avg. Volume: 126,590
• 30 Day Avg. Volume: 718,450
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.14
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 0.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: S$0.09 ▼(-12.00% Downside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

Del Monte Pacific's overall stock score reflects significant financial challenges, despite positive earnings call highlights. The financial performance is the most significant factor, with declining revenues and net losses. The technical analysis shows moderate bullish momentum, but valuation concerns persist due to negative earnings. The earnings call provided some positive insights, but cash flow issues and economic conditions in the Philippines remain concerns.

Positive Factors

Margin Improvement

A 660bp gross margin expansion to 34.2% driven by higher volumes, better pricing and lower costs points to improved structural profitability. Sustained higher gross margins enhance cash generation potential, provide buffer against input inflation and support reinvestment or deleveraging over the medium term.

Cash Generation & Debt Reduction

Quarterly OCF of $85.9m and net debt cut by ~$50m indicate improving cash generation and active balance sheet management. Strong cash flow ability and demonstrated deleveraging reduce refinancing risk and support strategic actions (asset sales, capex or investor interest) over the next several quarters.

International Fresh Growth

Double-digit fresh segment growth and steady international expansion (notably China and Korea demand) show product-market fit in higher-value fresh channels. This diversifies revenue away from shelf-stable goods, supports better margins and reduces reliance on mature domestic markets over the medium term.

Negative Factors

Negative Equity & High Leverage

Negative equity and an inverted debt-to-equity ratio reflect a precarious solvency profile. Structural high leverage limits financial flexibility, raises default and covenant risks, and constrains the company's ability to raise equity or debt on favorable terms, impairing medium-term strategic options.

Declining Revenues and Losses

Material top-line decline and large negative net margins indicate persistent demand or mix issues and insufficient cost absorption. Sustained revenue erosion undermines scale economics and long-term margin recovery, forcing structural changes such as portfolio pruning, pricing shifts, or cost restructuring.

Weak Cash Conversion & Working Capital Risk

Low OCF-to-net-income and inventory-driven OCF weakness point to poor earnings quality and working-capital sensitivity. Persistent weak cash conversion can necessitate external financing, pressure liquidity and impede sustained investments or debt reduction, especially during seasonal or macro slowdowns.

Del Monte Pacific Business Overview & Revenue Model

Company Description

Del Monte Pacific Limited, an investment holding company, manufactures, processes, markets, and distributes food, beverages, and other related products in the Americas, the Asia Pacific, and Europe. The company is involved in growing, processing, and selling packaged fruit and vegetable products, including canned and fresh pineapples, and tropical mixed fruits, as well as canned beans, peaches, and corns; juices, juice drinks, and pineapple juice concentrates; fresh fruits; and tomato-based products, such as ketchup, tomato sauce, pasta sauce, recipe sauce, pizza sauce, pasta, broth, and condiments. It offers its products under the Del Monte, S&W, Today's, Contadina, and College Inn brand names. The company also produces and distributes private label food products, as well as offers UHP avocado and processed refrigerated fruit products; and provides administrative support and liaison services. In addition, it offers licensing, management, logistics, and marketing and support services, as well as holds real estate properties. The company was founded in 1886 and is based in Road Town, British Virgin Islands. Del Monte Pacific Limited is a subsidiary of NutriAsia Pacific Limited.

How the Company Makes Money

Del Monte Pacific generates revenue through several key streams, primarily from the sale of its consumer food products and pet food offerings. The company markets its products through various channels, including retail, food service, and e-commerce platforms, targeting both domestic and international markets. Significant revenue is derived from its branded products, which benefit from strong brand loyalty and recognition. Additionally, strategic partnerships with major retailers and distributors enhance its market reach and sales volume. The company also engages in promotional activities and product innovations to meet changing consumer preferences, which contribute to its overall earnings.

Del Monte Pacific Financial Statement Overview

Summary

Del Monte Pacific is facing significant financial challenges. The income statement shows declining revenues and substantial net losses, while the balance sheet indicates negative equity and high leverage. Although there is some improvement in free cash flow, the overall cash flow position is weak.

Income Statement

Del Monte Pacific's income statement shows significant challenges. The TTM data reveals a sharp decline in revenue by 22.3%, and the company is experiencing negative net profit margins at -45.3%. Despite a reasonable gross profit margin of 21.5%, the EBIT and EBITDA margins are relatively low at 6.3% and 18.0%, respectively. The negative revenue growth and net losses indicate financial instability and operational inefficiencies.

Balance Sheet

The balance sheet reflects a precarious financial position. The company has a negative stockholders' equity, leading to an alarming debt-to-equity ratio of -1.57 in the TTM period. Return on equity is also negative, indicating that the company is not generating returns for its shareholders. The equity ratio is negative due to the negative equity, highlighting potential solvency issues.

Cash Flow

Cash flow analysis shows mixed results. While the free cash flow has grown by 71% in the TTM period, the operating cash flow to net income ratio is low at 0.46, suggesting that the cash generated from operations is insufficient relative to net losses. The free cash flow to net income ratio of 0.65 indicates some ability to generate cash despite losses, but overall cash flow stability remains a concern.

Breakdown	TTM	Jul 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021
Income Statement
Total Revenue	1.29B	789.46M	2.43B	2.42B	2.34B	2.16B
Gross Profit	319.39M	223.97M	419.56M	606.99M	622.66M	555.96M
EBITDA	312.24M	278.62M	255.47M	367.89M	444.79M	392.32M
Net Income	-755.72M	-834.39M	-129.16M	16.95M	100.03M	63.26M
Balance Sheet
Total Assets	820.24M	2.26B	3.11B	3.14B	2.58B	2.42B
Cash, Cash Equivalents and Short-Term Investments	14.71M	11.13M	13.12M	19.85M	23.14M	30.76M
Total Debt	1.07B	1.10B	2.39B	2.38B	1.70B	1.42B
Total Liabilities	1.41B	2.88B	2.86B	2.75B	2.09B	1.78B
Stockholders Equity	-685.33M	-697.27M	129.85M	318.82M	425.57M	581.18M
Cash Flow
Free Cash Flow	381.51M	346.46M	181.69M	-620.00M	-13.66M	93.51M
Operating Cash Flow	471.73M	346.46M	369.30M	-195.23M	260.18M	316.36M
Investing Cash Flow	-93.60M	-3.30M	-181.49M	-430.34M	-275.68M	-51.15M
Financing Cash Flow	-329.33M	-171.88M	-196.89M	628.18M	14.69M	-275.09M

Del Monte Pacific Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:D03, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 70.65 is Negative, neither overbought nor oversold. The STOCH value of 76.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:D03.

Del Monte Pacific Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P34	77 Outperform	S$647.83M	14.91	10.03%	3.56%	-4.54%	-35.71%
5JS	74 Outperform	S$523.46M	5.44	8.46%	2.67%	13.03%	35.10%
Q01	73 Outperform	S$581.02M	14.57	5.51%	5.62%	-0.51%	-25.57%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
MV4	62 Neutral	S$472.71M	6.16	7.17%	2.72%	47.72%	16.14%
D03	53 Neutral	S$186.62M	-0.18	-116.79%	―	-48.05%	-364.94%

Del Monte Pacific Corporate Events

Del Monte Pacific Distances Itself From U.S. Unit’s Chapter 11 Auction Outcomes

Del Monte Pacific Limited has clarified that its indirect U.S. subsidiary, Del Monte Foods, Inc., which is undergoing Chapter 11 proceedings, has completed a court-supervised auction that has yielded proposed transactions still subject to documentation, conditions and approval by the U.S. Bankruptcy Court. The parent company emphasized that it is not a debtor in the Chapter 11 process, has not participated in any transactions arising from the auction, and does not control the outcome, while continuing to monitor developments and evaluate their potential impact at the parent-company level in light of its prior deconsolidation of the U.S. food business and existing provisions on related exposures.

The most recent analyst rating on (SG:D03) stock is a Hold with a S$0.10 price target. To see the full list of analyst forecasts on Del Monte Pacific stock, see the SG:D03 Stock Forecast page.

Del Monte Pacific Completes 4.99% Sundrop Stake Sale, Agrees Further 1.45% Disposal

Del Monte Pacific Limited has completed the previously announced sale of a 4.99% equity stake in Sundrop Brands Limited by its indirect subsidiary DMPL India Limited to CAG-Tech (Mauritius) Limited, receiving approximately US$15 million in proceeds. The company has also signed an additional share purchase agreement to sell a further 1.45% stake in Sundrop Brands to an independent third-party buyer on substantially similar, arm’s length terms, with completion subject to customary conditions precedent, signalling continued steps in its planned divestment of this investment and potential reallocation of capital within the Group.

The most recent analyst rating on (SG:D03) stock is a Hold with a S$0.10 price target. To see the full list of analyst forecasts on Del Monte Pacific stock, see the SG:D03 Stock Forecast page.