Professional
Added to YB: 2024-07-24
Pitch date: 2024-06-30
LMNR [bullish]
Limoneira Company
-26.4%
current return
Author Info
Riverwater Partners is a Milwaukee-based investment advisory firm dedicated to responsible investing. Visit the website.
Company Info
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally.
Market Cap
$255.7M
Pitch Price
$20.26
Price Target
41.00 (+175%)
Dividend
2.12%
EV/EBITDA
-918.83
P/E
-26.10
EV/Sales
2.12
Sector
Food Products
Category
value
Riverwater Sustainable Value Strategy Portfolio Holding: Limoneira Company
LMNR: Undervalued at $20, fair value $41/share. 15% US lemon market share. $450-550M ag land/water rights, $100-150M land sales, $100M real estate JV. Strategic alternatives exploration. Modernizing ops, pivoting to avocados (4.4% CAGR). $30M potential cash flow improvement in 7yrs. 44% renewable energy, 85% efficient irrigation. Board exploring strategic alternatives, announcement expected by year-end.
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