ADECOAGRO SA (AGRO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AGRO - LU0584671464 - Common Stock
7.43 USD
-0.16 (-2.11%)
7.43 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to AGRO. AGRO was compared to 87 industry peers in the Food Products industry. AGRO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 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.
In the past year AGRO had a positive cash flow from operations.
In the past 5 years AGRO has always been profitable.
Each year in the past 5 years AGRO had a positive operating cash flow.
1.2 Ratios
AGRO has a Return On Assets (0.64%) which is comparable to the rest of the industry.
With a Return On Equity value of 1.71%, AGRO perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
The Return On Invested Capital of AGRO (0.13%) is worse than 63.22% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AGRO is significantly below the industry average of 28.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 1.71% | ||
| ROIC | 0.13% |
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
Looking at the Profit Margin, with a value of 1.69%, AGRO is in line with its industry, outperforming 52.87% of the companies in the same industry.
In the last couple of years the Profit Margin of AGRO has declined.
AGRO's Operating Margin of 0.41% is in line compared to the rest of the industry. AGRO outperforms 43.68% of its industry peers.
In the last couple of years the Operating Margin of AGRO has declined.
AGRO has a Gross Margin (17.72%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of AGRO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.41% | ||
| PM (TTM) | 1.69% | ||
| GM | 17.72% |
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
AGRO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AGRO has less shares outstanding
AGRO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AGRO has an improved debt to assets ratio.
2.2 Solvency
AGRO has an Altman-Z score of 1.15. This is a bad value and indicates that AGRO is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.15, AGRO is doing worse than 70.11% of the companies in the same industry.
AGRO has a debt to FCF ratio of 30.19. This is a negative value and a sign of low solvency as AGRO would need 30.19 years to pay back of all of its debts.
With a Debt to FCF ratio value of 30.19, AGRO perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
AGRO has a Debt/Equity ratio of 1.00. This is a high value indicating a heavy dependency on external financing.
AGRO's Debt to Equity ratio of 1.00 is on the low side compared to the rest of the industry. AGRO is outperformed by 73.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 30.19 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.03
WACC3.85%
2.3 Liquidity
A Current Ratio of 2.80 indicates that AGRO has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.80, AGRO belongs to the best of the industry, outperforming 82.76% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that AGRO should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.56, AGRO is in the better half of the industry, outperforming 78.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.8 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
AGRO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -84.64%.
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 decrease in Revenue. The Revenue has decreased by -0.49% 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)-84.64%
EPS 3Y-7.45%
EPS 5YN/A
EPS Q2Q%-7.14%
Revenue 1Y (TTM)-0.49%
Revenue growth 3Y10.27%
Revenue growth 5Y10.89%
Sales Q2Q%-35.48%
3.2 Future
The Earnings Per Share is expected to decrease by -12.58% on average over the next years. This is quite bad
The Revenue is expected to decrease by -2.74% on average over the next years.
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-3.56%
Revenue Next 3Y-2.74%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.51, the valuation of AGRO can be described as correct.
Based on the Price/Earnings ratio, AGRO is valued a bit cheaper than 62.07% of the companies in the same industry.
AGRO is valuated rather cheaply when we compare the Price/Earnings ratio to 26.55, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.67 indicates a correct valuation of AGRO.
Based on the Price/Forward Earnings ratio, AGRO is valued a bit cheaper than the industry average as 75.86% of the companies are valued more expensively.
AGRO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.51 | ||
| Fwd PE | 12.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGRO is valued cheaply inside the industry as 85.06% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AGRO is valued a bit cheaper than the industry average as 73.56% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.99 | ||
| EV/EBITDA | 6.23 |
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
With a Yearly Dividend Yield of 4.74%, AGRO is a good candidate for dividend investing.
AGRO's Dividend Yield is rather good when compared to the industry average which is at 2.41. AGRO pays more dividend than 81.61% of the companies in the same industry.
AGRO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
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 149.55% of its income as dividend. This is not a sustainable payout ratio.
DP149.55%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
7.43
-0.16 (-2.11%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners19.11%
Inst Owner Change-29.18%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap743.67M
Revenue(TTM)1.38B
Net Income(TTM)23.40M
Analysts48
Price Target10.81 (45.49%)
Short Float %5.17%
Short Ratio1.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP149.55%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)86.02%
Min EPS beat(2)-152.79%
Max EPS beat(2)324.84%
EPS beat(4)1
Avg EPS beat(4)32.12%
Min EPS beat(4)-152.79%
Max EPS beat(4)324.84%
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)-18.18%
Min Revenue beat(2)-27.11%
Max Revenue beat(2)-9.25%
Revenue beat(4)0
Avg Revenue beat(4)-10.05%
Min Revenue beat(4)-27.11%
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)-1.85%
PT rev (3m)-4.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-106.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-86.92%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.51 | ||
| Fwd PE | 12.67 | ||
| P/S | 0.54 | ||
| P/FCF | 13.99 | ||
| P/OCF | 2.46 | ||
| P/B | 0.54 | ||
| P/tB | 0.56 | ||
| EV/EBITDA | 6.23 |
EPS(TTM)0.45
EY6.06%
EPS(NY)0.59
Fwd EY7.89%
FCF(TTM)0.53
FCFY7.15%
OCF(TTM)3.02
OCFY40.63%
SpS13.83
BVpS13.71
TBVpS13.35
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 1.71% | ||
| ROCE | 0.18% | ||
| ROIC | 0.13% | ||
| ROICexc | 0.15% | ||
| ROICexgc | 0.15% | ||
| OM | 0.41% | ||
| PM (TTM) | 1.69% | ||
| GM | 17.72% | ||
| FCFM | 3.84% |
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-Score5
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 30.19 | ||
| Debt/EBITDA | 4.91 | ||
| Cap/Depr | 90.92% | ||
| Cap/Sales | 17.98% | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | 108.11% | ||
| Profit Quality | 227.19% | ||
| Current Ratio | 2.8 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z | 1.15 |
F-Score5
WACC3.85%
ROIC/WACC0.03
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)-84.64%
EPS 3Y-7.45%
EPS 5YN/A
EPS Q2Q%-7.14%
EPS Next Y-92.22%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.49%
Revenue growth 3Y10.27%
Revenue growth 5Y10.89%
Sales Q2Q%-35.48%
Revenue Next Year-5.12%
Revenue Next 2Y-3.56%
Revenue Next 3Y-2.74%
Revenue Next 5YN/A
EBIT growth 1Y-92.34%
EBIT growth 3Y-4.1%
EBIT growth 5Y3.51%
EBIT Next Year32.03%
EBIT Next 3Y18.15%
EBIT Next 5YN/A
FCF growth 1Y-79.36%
FCF growth 3Y-21.76%
FCF growth 5Y2.99%
OCF growth 1Y-38.46%
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 3 / 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 16.51 and the Price/Book (PB) ratio is 0.54.
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 149.55%.