ADECOAGRO SA (AGRO) Stock Fundamental Analysis
USA - NYSE:AGRO - LU0584671464 - Common Stock
8.21 USD
+0.15 (+1.86%)
8.21 USD
0 (0%)
Taking everything into account, AGRO scores 3 out of 10 in our fundamental rating. AGRO was compared to 87 industry peers in the Food Products industry. While AGRO is still in line with the averages on profitability rating, there are concerns on its financial health. AGRO has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
AGRO had positive earnings in the past year.
AGRO had a positive operating cash flow in the past year.
Each year in the past 5 years AGRO has been profitable.
In the past 5 years AGRO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AGRO (1.10%) is comparable to the rest of the industry.
AGRO has a Return On Equity (2.62%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 0.90%, AGRO perfoms like the industry average, outperforming 43.68% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AGRO is significantly below the industry average of 28.25%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.1% | ||
| ROE | 2.62% | ||
| ROIC | 0.9% |
ROA(3y)4.53%
ROA(5y)3.73%
ROE(3y)11.58%
ROE(5y)9.54%
ROIC(3y)2.02%
ROIC(5y)2.16%
1.3 Margins
AGRO has a Profit Margin (2.33%) which is in line with its industry peers.
In the last couple of years the Profit Margin of AGRO has declined.
AGRO has a Operating Margin of 2.16%. This is comparable to the rest of the industry: AGRO outperforms 45.98% of its industry peers.
AGRO's Operating Margin has declined in the last couple of years.
AGRO's Gross Margin of 18.66% is in line compared to the rest of the industry. AGRO outperforms 49.43% of its industry peers.
In the last couple of years the Gross Margin of AGRO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.16% | ||
| PM (TTM) | 2.33% | ||
| GM | 18.66% |
OM growth 3Y-13.04%
OM growth 5Y-6.66%
PM growth 3Y-19.23%
PM growth 5YN/A
GM growth 3Y-5.34%
GM growth 5Y-4.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AGRO is destroying value.
Compared to 1 year ago, AGRO has less shares outstanding
AGRO has less shares outstanding than it did 5 years ago.
AGRO has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.24, we must say that AGRO is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.24, AGRO is not doing good in the industry: 65.52% of the companies in the same industry are doing better.
The Debt to FCF ratio of AGRO is 16.91, which is on the high side as it means it would take AGRO, 16.91 years of fcf income to pay off all of its debts.
AGRO has a Debt to FCF ratio (16.91) which is in line with its industry peers.
AGRO has a Debt/Equity ratio of 0.73. This is a neutral value indicating AGRO is somewhat dependend on debt financing.
AGRO has a Debt to Equity ratio (0.73) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 16.91 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.23
WACC3.97%
2.3 Liquidity
A Current Ratio of 1.90 indicates that AGRO should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.90, AGRO is in the better half of the industry, outperforming 60.92% of the companies in the same industry.
AGRO has a Quick Ratio of 1.90. This is a bad value and indicates that AGRO is not financially healthy enough and could expect problems in meeting its short term obligations.
AGRO has a Quick ratio (0.95) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The earnings per share for AGRO have decreased strongly by -82.43% in the last year.
AGRO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.45% yearly.
Looking at the last year, AGRO shows a quite strong growth in Revenue. The Revenue has grown by 17.51% in the last year.
Measured over the past years, AGRO shows a quite strong growth in Revenue. The Revenue has been growing by 10.89% on average per year.
EPS 1Y (TTM)-82.43%
EPS 3Y-7.45%
EPS 5YN/A
EPS Q2Q%-289.25%
Revenue 1Y (TTM)17.51%
Revenue growth 3Y10.27%
Revenue growth 5Y10.89%
Sales Q2Q%-6.09%
3.2 Future
The Earnings Per Share is expected to decrease by -12.58% on average over the next years. This is quite bad
AGRO is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.74% yearly.
EPS Next Y-92.22%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
EPS Next 5YN/A
Revenue Next Year-5.12%
Revenue Next 2Y-2.28%
Revenue Next 3Y-2.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AGRO is valuated rather expensively with a Price/Earnings ratio of 17.47.
Compared to the rest of the industry, the Price/Earnings ratio of AGRO indicates a somewhat cheap valuation: AGRO is cheaper than 60.92% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.67. AGRO is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 14.00, the valuation of AGRO can be described as correct.
71.26% of the companies in the same industry are more expensive than AGRO, based on the Price/Forward Earnings ratio.
AGRO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 31.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.47 | ||
| Fwd PE | 14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGRO is valued cheaply inside the industry as 82.76% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AGRO is valued cheaply inside the industry as 80.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.95 | ||
| EV/EBITDA | 5.88 |
4.3 Compensation for Growth
A cheap valuation may be justified as AGRO's earnings are expected to decrease with -12.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
5. Dividend
5.1 Amount
AGRO has a Yearly Dividend Yield of 4.25%, which is a nice return.
AGRO's Dividend Yield is a higher than the industry average which is at 5.27.
AGRO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.25% |
5.2 History
AGRO has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
AGRO pays out 97.37% of its income as dividend. This is not a sustainable payout ratio.
DP97.37%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
8.21
+0.15 (+1.86%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners23.48%
Inst Owner Change-13.57%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap821.57M
Revenue(TTM)1.54B
Net Income(TTM)35.95M
Analysts48
Price Target11.02 (34.23%)
Short Float %4.88%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.25% |
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP97.37%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-97.2%
Min EPS beat(2)-152.79%
Max EPS beat(2)-41.61%
EPS beat(4)0
Avg EPS beat(4)-64.14%
Min EPS beat(4)-152.79%
Max EPS beat(4)-1.96%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-6.33%
Min Revenue beat(2)-9.25%
Max Revenue beat(2)-3.41%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-9.25%
Max Revenue beat(4)-0.44%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.35%
PT rev (3m)-5.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-81.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-86.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.71%
Revenue NY rev (1m)4.47%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.47 | ||
| Fwd PE | 14 | ||
| P/S | 0.53 | ||
| P/FCF | 10.95 | ||
| P/OCF | 2.54 | ||
| P/B | 0.6 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 5.88 |
EPS(TTM)0.47
EY5.72%
EPS(NY)0.59
Fwd EY7.14%
FCF(TTM)0.75
FCFY9.13%
OCF(TTM)3.23
OCFY39.38%
SpS15.4
BVpS13.71
TBVpS13.33
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.1% | ||
| ROE | 2.62% | ||
| ROCE | 1.21% | ||
| ROIC | 0.9% | ||
| ROICexc | 0.96% | ||
| ROICexgc | 0.98% | ||
| OM | 2.16% | ||
| PM (TTM) | 2.33% | ||
| GM | 18.66% | ||
| FCFM | 4.87% |
ROA(3y)4.53%
ROA(5y)3.73%
ROE(3y)11.58%
ROE(5y)9.54%
ROIC(3y)2.02%
ROIC(5y)2.16%
ROICexc(3y)2.33%
ROICexc(5y)2.54%
ROICexgc(3y)2.36%
ROICexgc(5y)2.57%
ROCE(3y)2.73%
ROCE(5y)2.93%
ROICexgc growth 3Y-15.11%
ROICexgc growth 5Y-3.51%
ROICexc growth 3Y-15.02%
ROICexc growth 5Y-3.43%
OM growth 3Y-13.04%
OM growth 5Y-6.66%
PM growth 3Y-19.23%
PM growth 5YN/A
GM growth 3Y-5.34%
GM growth 5Y-4.39%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 16.91 | ||
| Debt/EBITDA | 3.27 | ||
| Cap/Depr | 91.38% | ||
| Cap/Sales | 16.13% | ||
| Interest Coverage | 0.77 | ||
| Cash Conversion | 106.01% | ||
| Profit Quality | 208.74% | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 1.24 |
F-Score6
WACC3.97%
ROIC/WACC0.23
Cap/Depr(3y)88.64%
Cap/Depr(5y)92.09%
Cap/Sales(3y)17.92%
Cap/Sales(5y)18.87%
Profit Quality(3y)94.78%
Profit Quality(5y)4082.63%
High Growth Momentum
Growth
EPS 1Y (TTM)-82.43%
EPS 3Y-7.45%
EPS 5YN/A
EPS Q2Q%-289.25%
EPS Next Y-92.22%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
EPS Next 5YN/A
Revenue 1Y (TTM)17.51%
Revenue growth 3Y10.27%
Revenue growth 5Y10.89%
Sales Q2Q%-6.09%
Revenue Next Year-5.12%
Revenue Next 2Y-2.28%
Revenue Next 3Y-2.74%
Revenue Next 5YN/A
EBIT growth 1Y-57.71%
EBIT growth 3Y-4.1%
EBIT growth 5Y3.51%
EBIT Next Year35.2%
EBIT Next 3Y20.59%
EBIT Next 5YN/A
FCF growth 1Y-40.96%
FCF growth 3Y-21.76%
FCF growth 5Y2.99%
OCF growth 1Y-10.49%
OCF growth 3Y-1.99%
OCF growth 5Y0.38%
ADECOAGRO SA / AGRO FAQ
What is the fundamental rating for AGRO stock?
ChartMill assigns a fundamental rating of 3 / 10 to AGRO.
What is the valuation status for AGRO stock?
ChartMill assigns a valuation rating of 5 / 10 to ADECOAGRO SA (AGRO). This can be considered as Fairly Valued.
Can you provide the profitability details for ADECOAGRO SA?
ADECOAGRO SA (AGRO) has a profitability rating of 4 / 10.
What is the valuation of ADECOAGRO SA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ADECOAGRO SA (AGRO) is 17.47 and the Price/Book (PB) ratio is 0.6.
Can you provide the dividend sustainability for AGRO stock?
The dividend rating of ADECOAGRO SA (AGRO) is 4 / 10 and the dividend payout ratio is 97.37%.