$355.6 M

LNDC Mkt cap, 17-Dec-2018
Landec Net income (Q1, 2019)190 K
Landec EBIT (Q1, 2019)-447 K
Landec Cash, 26-Aug-20181.4 M
Landec EV434.4 M

Landec Revenue Breakdown

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Landec revenue breakdown by geographic segment: 6.4% from Japan, 8.5% from Belgium, 21.0% from Taiwan, 5.4% from China, 52.5% from Canada and 6.1% from Indonesia

Landec Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

476.8m539.3m541.1m532.3m

Revenue growth, %

13%0%

Cost of goods sold

414.2m470.1m449.1m445.9m

Gross profit

62.6m71.0m83.2m

Gross profit Margin, %

13%13%16%

R&D expense

7.2m7.2m9.5m12.8m

General and administrative expense

35.2m49.5m55.6m52.0m

Operating expense total

42.4m90.7m67.7m64.8m

EBIT

20.2m18.5m(19.8m)15.5m13.6m

EBIT margin, %

4%3%(4%)3%

Interest expense

1.7m2.0m1.8m2.0m

Interest income

260.0k71.0k16.0k211.0k

Income tax expense

(10.6m)7.4m(4.3m)9.4m

Net Income

19.3m13.7m(11.4m)10.7m24.9m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

120.0m126.4m132.7m138.5m

Cost of goods sold

106.3m106.2m119.4m117.0m121.6m117.4m123.2m117.1m111.3m116.9m113.1m104.1m120.7m129.2m108.3m

Gross profit

13.7m20.2m15.7m16.9m

Gross profit Margin, %

11%16%12%12%

R&D expense

1.9m1.7m1.8m1.8m1.8m1.9m1.6m1.9m1.9m2.0m2.0m2.7m3.4m3.1m2.8m

General and administrative expense

8.6m8.7m8.9m9.9m10.3m12.2m12.8m10.7m13.7m13.7m15.0m14.0m12.9m13.8m14.0m

Operating expense total

10.6m10.4m10.7m11.8m12.1m14.0m14.5m46.6m15.7m15.7m19.1m16.8m16.3m16.9m16.8m

EBIT

3.2m9.7m3.5m3.9m4.8m3.9m2.8m(33.6m)5.5m3.3m4.3m2.5m(554.0k)3.2m(447.0k)

EBIT margin, %

3%8%3%3%

Interest expense

436.0k390.0k383.0k472.0k510.0k502.0k439.0k484.0k653.0k380.0k400.0k404.0k480.0k531.0k758.0k

Interest income

46.0k78.0k93.0k91.0k85.0k31.0k16.0k17.0k4.0k3.0k8.0k31.0k42.0k87.0k46.0k

Income tax expense

(1.9m)(3.7m)(1.3m)(1.8m)(2.3m)(1.7m)(1.1m)12.5m(1.9m)(693.0k)(1.6m)(1.2m)(207.0k)12.9m(64.0k)

Net Income

3.5m6.4m2.4m3.2m3.8m3.0m1.9m(21.2m)3.3m1.4m3.5m2.2m513.0k16.1m190.0k

Landec Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

14.2m14.1m9.9m5.4m2.9m

Accounts Receivable

44.4m46.5m13.1m

Inventories

24.7m5.3m25.5m25.3m31.8m

Current Assets

90.9m93.2m86.5m81.3m97.1m

PP&E

74.1m84.5m120.9m133.2m159.6m

Goodwill

54.5m

Total Assets

313.6m346.5m343.5m358.6m404.7m

Accounts Payable

32.0m34.8m30.9m25.9m34.7m

Short-term debt

6.1m8.4m8.0m4.9m4.9m

Current Liabilities

48.4m56.2m56.5m51.5m88.4m

Long-term debt

28.3m34.2m46.6m42.3m37.4m

Total Debt

34.4m42.5m54.7m47.2m42.3m

Total Liabilities

108.9m131.1m130.5m152.1m

Additional Paid-in Capital

131.5m133.3m137.2m141.7m142.1m

Retained Earnings

71.6m85.1m73.5m84.5m109.3m

Total Equity

204.8m218.4m210.7m226.6m252.6m

Debt to Equity Ratio

0.2 x0.2 x0.3 x0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x0.1 x0.1 x

Financial Leverage

1.5 x1.6 x1.6 x1.6 x1.6 x

Landec Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

19.3m13.7m(11.4m)10.7m24.9m

Depreciation and Amortization

7.1m7.1m9.4m10.7m12.4m

Accounts Receivable

(8.0m)(1.8m)73.0k(336.0k)(7.3m)

Inventories

(622.0k)(292.0k)(508.0k)855.0k(6.5m)

Accounts Payable

(50.0k)2.8m(4.1m)(5.2m)5.0m

Cash From Operating Activities

21.0m26.2m21.8m29.3m19.8m

Purchases of PP&E

(14.9m)(17.5m)(40.9m)(22.6m)(33.6m)

Cash From Investing Activities

(13.3m)(34.4m)(41.6m)(25.0m)(35.6m)

Cash From Financing Activities

(7.2m)8.2m15.6m(8.8m)13.3m

Interest Paid

1.5m2.0m2.0m2.3m2.3m

Landec Ratios

USDY, 2018

EV/EBIT

-971.7 x

EV/CFO

198.7 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
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Landec Operating Metrics

FY, 2016

Patents Issued

50
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Landec Employee Rating

5.01 votes
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