4 models fit Dole plc Ordinary Shares and they partly agree: 2 of 4 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Bronze52
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionDole plc Ordinary Shares (DOLE)
Fair value (4 models)
$22.62
ACCE price target
$14.70
Rating
Undervalued
Horizon
12 months
Fair value published on 16 Oct 2026, 00:00 CEST; previously $24.34 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $13.44 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, Dividend discount, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
40.6% below
+68.3% to fair value
ACCE score
51
out of 100
Analysts
50% buy
4 covering
P/E
17.8x
forward 8.5x
1-year return
+2.9%
Dividend yield
2.59%
Dole plc Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Dole plc is a fresh produce grower and distributor, selling bananas, pineapples, salads and packaged fruit across Europe, North America and Asia, and it has come out of its 2021 listing as a diversified supplier with a large vertically integrated plantation base. The case for a closer look rests on how far the forward multiple sits below the trailing one: the stock trades on 18.1x trailing earnings but 8.5x forward, which implies the market expects a sharp earnings recovery from a depressed base. Revenue is growing only 2.9%, and thin margins (2.7% operating, 7.3% gross) and a 6.9% ROE leave little room for error, so the thesis depends on margin normalisation rather than top-line growth. With a $1.3B market cap, no index membership and a composite score of 51/100, this is a mid-quality, low-visibility name that merits a deeper look at the earnings bridge and plantation cost trends before anything else.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Negative free cash flow
Free cash flow is $-26.2M while debt/equity sits at 0.91, so the company is burning cash and leaning on borrowing rather than funding itself from operations.
moderate
Thin net margin
Net margin is only +0.6% and operating margin +2.7%, so the 183.1% earnings jump on a 2.9% revenue rise rests on a very small profit base.
moderate
Revenue slipping quarter on quarter
Revenue is down 1.0% QoQ despite +2.9% YoY growth, pointing to recent softness after a slow year-on-year expansion.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-20 · prices to Oct 23, 2026
Why it could do well
The shares trade at 8.8x forward earnings against a sector median of 18.6x, a steep discount on paper.
Analysts' mean price target sits 33.0% above the current share price, and the model fair value is $22.62.
The shares pay a 2.6% dividend yield while the reverse DCF implies only +1.5% yearly cash flow growth for five years.
Why it could disappoint
Free cash flow over the last twelve months was -$26M, so the business is burning cash rather than generating it.
Net margin of 0.6% and return on invested capital of 2.1% leave little room for error in the earnings base.
The latest quarter's earnings per share missed expectations by 8.0%, and only 2 of 4 analysts rate the stock Buy or Strong Buy.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where DOLE's valuation models land
Price
$13.44
Model fair value
$22.62
Model range
$14.86 to $25.64
Fair value $22.62
Price $13.44
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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