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Del Monte Pacific
(SGX:D03)
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Rating:49Neutral
Price Target:
S$0.07
▼(-30.00% Downside)
Action:Reiterated
Date:07/15/26
The score is mainly held back by financial risk, especially the weak balance sheet (negative equity and high debt) despite a notable 2026 operating and cash-flow recovery. Technicals also pressure the score, with the stock below major moving averages and negative MACD. The primary offset is valuation, where the very low P/E provides meaningful support.
Positive Factors
Established Branded CPG Business
Del Monte's established branded CPG model spans canned fruits, beverages and packaged foods across retail and foodservice channels and multiple markets. This diversified, brand-driven distribution supports stable demand, pricing power, and shelf presence over a multi-month horizon.
Negative Factors
Negative Shareholders' Equity
Negative shareholders' equity (~-$683M to -$694M) alongside $1.04B debt signifies a structurally weak balance sheet. Persistent negative equity limits access to capital markets, increases covenant and refinancing risk, and constrains strategic investments and M&A options.
Read all positive and negative factors
Positive Factors
Negative Factors
Established Branded CPG Business
Del Monte's established branded CPG model spans canned fruits, beverages and packaged foods across retail and foodservice channels and multiple markets. This diversified, brand-driven distribution supports stable demand, pricing power, and shelf presence over a multi-month horizon.
Read all positive factors
Del Monte Pacific (D03) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$136.08M
Dividend YieldN/A
Average Volume (3M)718.45K
Price to Earnings (P/E)2.5
Beta (1Y)0.30
Revenue Growth-58.61%
EPS GrowthN/A
CountrySG
Employees11,000
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,944,935,800
10 Day Avg. Volume126,590
30 Day Avg. Volume718,450
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-0.19
Price to Sales (P/S)0.15
P/FCF Ratio1.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Del Monte Pacific Business Overview & Revenue Model
Company Description
Del Monte Pacific Limited serves as an investment holding company, primarily involved in the production, processing, marketing, and distribution of a diverse range of food, beverage, and associated consumer goods. Its operational footprint spans t...
How the Company Makes Money
Del Monte Pacific makes money primarily by selling branded and private-label packaged food and beverage products. Revenue is generated through (1) branded consumer packaged goods sold via supermarkets, wholesalers, and other retail channels, where...
Del Monte Pacific Earnings Call Summary
Earnings Call Date:Dec 10, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Sep 03, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue and margin growth, significant increases in EBITDA and net profit, and effective debt reduction. However, there are concerns about cash flow, the impact of the economic slowdown in the Philippines, and a potentially weaker second half. The overall outlook remains positive with strong performance in several key areas.Positive Updates
Revenue Growth
Revenue grew by 10% in the second quarter, with domestic business increasing by 9.3% and international business by 6.6%. Fresh segment saw a 22.5% growth.
Negative Updates
Cash Flow from Operations
Cash flow from operations was slightly lower than last year, impacted by inventory buildup ahead of the peak season.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Revenue grew by 10% in the second quarter, with domestic business increasing by 9.3% and international business by 6.6%. Fresh segment saw a 22.5% growth.
Read all positive updates
Company Guidance
During the Del Monte Pacific results briefing for the second quarter and first half of fiscal year 2026, several key metrics were highlighted. Revenue for the second quarter grew by 10%, with domestic business increasing by 9.3% in local currency and international growth at 6.6%, driven by a 22.5% rise in fresh exports. The company achieved a margin improvement of 660 basis points, reaching 34.2%, supported by increased volume, better pricing, and reduced costs. EBITDA rose by 39.2% to $51.5 million, while net profit increased by $14.5 million compared to the previous year. Net debt decreased by approximately $50 million, resulting in a net debt to EBITDA ratio of 6.1x, which is 2.2x better. Cash flow from operations was robust at $85.9 million for the quarter, despite a slight decline due to inventory buildup. For the first half, turnover rose by 11.3%, with international business also growing by 6.5%. Gross profit and EBITDA showed strong improvements, with EBITDA at $90.7 million, contributing to a significant net profit increase of $22.3 million. The company continues to focus on strategic capital structure improvements, including the potential sale of noncore assets, while maintaining strong interest from investors despite market volatility.Del Monte Pacific Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
18
Very Negative
Cash Flow
61
Positive
| Breakdown | Apr 2026 | Jul 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 896.13M | 789.46M | 710.81M | 2.42B | 2.34B |
| Gross Profit | 297.65M | 223.97M | 172.15M | 606.99M | 622.66M |
| EBITDA | 328.27M | 278.62M | 273.09M | 367.89M | 444.79M |
| Net Income | 48.41M | -834.39M | -129.16M | 16.95M | 100.03M |
Balance Sheet | |||||
| Total Assets | 749.44M | 2.26B | 3.11B | 3.14B | 2.58B |
| Cash, Cash Equivalents and Short-Term Investments | 8.05M | 11.13M | 13.12M | 19.85M | 23.14M |
| Total Debt | 1.04B | 1.10B | 2.39B | 2.38B | 1.70B |
| Total Liabilities | 1.34B | 2.88B | 2.86B | 2.75B | 2.09B |
| Stockholders Equity | -683.16M | -694.46M | 129.85M | 318.82M | 425.57M |
Cash Flow | |||||
| Free Cash Flow | 111.84M | 276.75M | 146.79M | -312.45M | 78.08M |
| Operating Cash Flow | 285.96M | 464.67M | 334.39M | -2.76M | 280.74M |
| Investing Cash Flow | -158.67M | -134.19M | -181.49M | -309.31M | -202.85M |
| Financing Cash Flow | -120.87M | -329.85M | -161.98M | 313.98M | -78.48M |
Del Monte Pacific Technical Analysis
Negative
0.10
Price Trends
0.08
Negative
0.09
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
18.93
Positive
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:D03, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 18.93 is Positive, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:D03.
Del Monte Pacific Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | S$24.28B | 13.42 | 4.29% | 4.55% | 2.17% | 17.64% | |
63 Neutral | S$1.58B | 35.71 | 8.55% | 4.60% | 18.40% | -36.45% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | S$2.07B | 14.86 | 3.66% | 3.10% | -2.52% | -6.24% | |
59 Neutral | S$442.70M | 6.43 | 7.17% | 2.72% | 22.42% | 35.55% | |
49 Neutral | S$136.08M | 2.52 | 102.98% | ― | -58.61% | ― |
* Consumer Defensive Sector Average
SG:D03
Del Monte Pacific
0.07
>-0.01
-5.33%
SG:F99
Fraser & Neave
1.43
0.13
9.83%
SG:F34
Wilmar International
3.91
1.06
37.05%
SG:MV4
Mewah International Inc.
0.30
0.04
16.60%
SG:Y03
Yeo Hiap Seng Ltd
0.58
>-0.01
-1.03%
SG:F03
Food Empire Holdings Limited
2.41
0.80
49.88%
Del Monte Pacific Corporate Events
Del Monte Pacific Completes US$14.1 Million Disposal of Sundrop Stake
Jun 5, 2026
Del Monte Pacific has completed the Tranche 2 disposal of its remaining stake in Sundrop Brands Limited via its indirect subsidiary, DMPL India Limited, after exercising a put option when buyer CAG-Tech (Mauritius) Limited declined to use its call...
Del Monte Pacific Files Capital and Recovery Plan After Negative Equity Trigger
Jun 2, 2026
Del Monte Pacific Limited has submitted a Group Capital and Financial Recovery Plan to the Philippine Stock Exchange after its stockholders’ equity turned negative following a US$703.5 million impairment tied to the performance and Chapter 1...
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.