In a year marked by significant volatility, Darling International (NYSE:DAR) Inc. has experienced a notable downturn, with its stock price reaching a 52-week low of $32.62. According to InvestingPro data, the company maintains a Fair Value significantly above current levels, suggesting potential upside for value investors. This latest price level reflects a stark contrast to the company’s performance over the past year, which has seen the stock undergo a substantial decline of -33.89%. While the company maintains solid fundamentals with a current ratio of 1.41 and remains profitable with $1.62 in diluted earnings per share, investors have been closely monitoring Darling’s trajectory as it navigates through a complex market environment. For deeper insights into Darling’s financial health and future prospects, InvestingPro subscribers can access comprehensive analysis including 8 additional ProTips and detailed valuation metrics in the Pro Research Report.
In other recent news, Darling Ingredients announced significant executive leadership changes, with CFO Brad Phillips set to retire in June 2025. Robert Day will take over as CFO, while Sandra Dudley and Carlos Paz have been appointed to new executive roles. Despite a challenging year, the company maintains a strong financial position with a healthy current ratio of 1.41.
Darling Ingredients recently reported a decrease in net income and net sales in Q3, but managed to reduce its total debt by approximately $192 million. TD Cowen maintained its Hold rating on the company with a consistent price target of $43.00, citing concerns about Darling Ingredients’ ability to meet its fourth-quarter and full-year 2025 guidance.
The company has also been affected by the Biden administration’s delay in finalizing the guidelines for the new clean fuel production tax credits. This has caused uncertainty in the biofuel industry, including Darling Ingredients. Despite these developments, the company remains optimistic for 2025, expecting improved margins and demand, with a projected combined EBITDA of $1.15 billion to $1.175 billion for FY 2024.
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