LMNR · sample dossier
Limoneira Co
30/100
OutdatedGenerated Sep 5, 2026 · 10:00 AM UTC · 62 days ago
This copy is frozen (Sep 5). Sign in to run the same work — filings, valuation, bull and bear, sources — on any US stock or ETF, in about 90 seconds.
Run a fresh dossierLMNR
EquityLimoneira Co · XNAS
Decision context
Recommendation
Weighed down by weak Growth (0/100) and Quality (12/100) scores.
A cautious picture — if you own it, consider taking some off.
AlphaDog Fair Value
Executive thesis & key metrics
Executive Investment Thesis
Limoneira Co is an agricultural micro-cap with a market capitalization of $271.80M and a current stock price of $14.99, operating with a gross margin of -8.8% and a net margin of -30.5%. The operational downturn is characterized by a revenue contraction of -31.9% YoY, a negative P/E ratio of -6.57, EV/EBITDA of -16.24, and Debt/Equity of 0.61. The single biggest risk is forensic vulnerability indicated by a Beneish M-score of 19.24 signaling earnings manipulation risk, alongside an Altman Z-score of 2.43 in the grey zone and FCF per share of -$2.34.
Key Metrics to Watch
What changed recently
No material changes found in the last 30 days.
Why this rating
Score 30 · Sell
Data through
OutdatedApr 30, 2026
Composite 30/100 — weak across most factors.
Levels unavailable — AlphaDog quantitative valuation model did not produce an estimate from comps or DCF
Re-evaluate if
- Net margin falls below -24.4% (was -30.5%)
Trim / reconsider if
- ROA falls below -7.2%
- Net margin drops below -30.5%
Think of these dollars as a map of our value estimate for Sell — helpful context, not a reason to override the view.
A Calmer Look · Devil's Advocate
The prevailing consensus 'Avoid' verdict is flawed because it treats stale operational metrics from over 90 days ago as indicative of permanent structural distress.
May be overlooked
The consensus bear verdict relies on stale financial performance from the quarter ended 2026-04-30 (>90 days old as of 2026-09-05), neglecting potential operational adjustments reported in Form 8-K filings on 2026-06-18 and 2026-08-17.
The research consensus treats a Beneish M-score of 19.24 as decisive evidence of manipulation, overlooking the filing record which confirms no auditor changes, restatements, or formal SEC inquiries have occurred.
The analysis ignores whether Limoneira's Debt/Equity ratio of 0.61 and Altman Z-score of 2.43 (grey zone) provide sufficient balance sheet runway to absorb commodity cyclicality without immediate insolvency risk.
Expectations look stretched
The bull case relies on technical trend extrapolation—highlighting a 26.7% 3-month gain, a 9.0% 1-month gain, and positioning above the 50-day and 200-day moving averages—despite negative gross margin of -8.8% and net margin of -30.5%.
Bulls tout institutional ownership by Global Alpha (2,898,549 shares) and Blackrock (1,147,405 shares) as a sign of safety, despite these positions representing negligible ownership stakes of 0.16% and 0.06% respectively.
Momentum buyers are bidding the stock to a Price/Book of 2.02 while the business continues burning capital at -$2.34 free cash flow per share and an ROA of -7.2%.
Cash after investing — See whether Limoneira Co still makes cash after it spends to grow.
Net margin expands above -30.5% for two consecutive quarters
Monitor These Triggers
0 Checkpoints · Next PrintRevenue Growth YoY (currently -31.9%) to assess whether agribusiness top-line contraction is stabilizing.
Market context
Snapshot returns at report publication
1 month
+9.0%
3 months
+26.7%
6 months
+6.9%
1 year
-6.1%
At a Glance
A smaller company is on a steady trend at unprofitable earnings.
Top Holders
Financial trajectory
Financial Performance
Go deeper
For learning and research only — not investment advice. AlphaDog doesn’t hold stocks and isn’t your financial advisor.
Run the next one yourself.
You just read a full LMNR dossier — scored verdict, valuation, and both sides, with sources. Sign in to run that on a name you hold, on current filings. A free account includes 10 credits a week, 1 per fresh run.