Fresh Del Monte Produce Inc

FDP

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Non-Cyclicals
Cayman Islands
Small Cap

Fresh Del Monte Produce Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.07%

Impure Income*

$0.015

Purification*

$0.600

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
BUY
$52.00
1
0.00%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
4.31%
2.16%
1.06
2.16
-15.76%

Shariah Compliance

Debt
8.83%
Non-Compliant Assets
0.02%
Impure Income
0.07%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
12.32%
Impure Income
0.07%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
11.55%
Impure Income
0.07%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
5.81%
Cash
1.18%
Cash & AR
14.72%
Impure Income
0.07%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
5.81%
Cash
1.18%
Cash & AR
14.72%
Impure Income
0.07%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.07%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Fresh Del Monte Produce Inc. is a vertically integrated producer, marketer and distributor of fresh and fresh-cut fruit and vegetables as well as a producer and distributor of prepared food in Europe, Africa and the Middle East. It markets its products under the DEL MONTE brand. Its segment includes Fresh and value-added products, Banana, and Other products and services. Fresh and value-added products segment includes pineapples; fresh-cut fruit; fresh-cut vegetables, which include fresh-cut salads; melons; vegetables; non-tropical fruit, which includes grapes, apples, citrus, blueberries, pears, peaches, plums, cherries and kiwis; other fruit and vegetables, avocados, and prepared foods, including prepared fruit and vegetables, juices, meals and snacks, others. Other products and services segment include its third-party freight and logistic services business and its Jordanian poultry and meats business. Its other brands include S&W, Contadina, Take Root Organics, and JOYBA.