ADECOAGRO SA (AGRO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AGRO - LU0584671464 - Common Stock
7.13 USD
-0.25 (-3.39%)
7.13 USD
0 (0%)
Taking everything into account, AGRO scores 3 out of 10 in our fundamental rating. AGRO was compared to 86 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 it does not seem to be growing.
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.
Each year in the past 5 years AGRO has 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 in line with its industry peers.
AGRO has a Return On Equity (1.71%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 0.13%, AGRO is doing worse than 62.79% of the companies in the same industry.
AGRO had an Average Return On Invested Capital over the past 3 years of 2.02%. This is significantly below the industry average of 28.69%.
| 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
The Profit Margin of AGRO (1.69%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AGRO has declined.
AGRO has a Operating Margin (0.41%) which is comparable to the rest of the industry.
AGRO's Operating Margin has declined in the last couple of years.
AGRO has a Gross Margin (17.72%) which is in line with its industry peers.
AGRO's Gross Margin has declined in the last couple of years.
| 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.
AGRO has less shares outstanding than it did 1 year ago.
The number of shares outstanding for AGRO has been reduced compared to 5 years ago.
AGRO has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.14, we must say that AGRO is in the distress zone and has some risk of bankruptcy.
AGRO has a Altman-Z score of 1.14. This is in the lower half of the industry: AGRO underperforms 68.60% of its industry peers.
The Debt to FCF ratio of AGRO is 30.19, which is on the high side as it means it would take AGRO, 30.19 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 30.19, AGRO is in line with its industry, outperforming 51.16% of the companies in the same industry.
A Debt/Equity ratio of 1.00 is on the high side and indicates that AGRO has dependencies on debt financing.
AGRO has a Debt to Equity ratio of 1.00. This is in the lower half of the industry: AGRO underperforms 73.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 30.19 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.04
WACC3.76%
2.3 Liquidity
AGRO has a Current Ratio of 2.80. This indicates that AGRO is financially healthy and has no problem in meeting its short term obligations.
AGRO has a better Current ratio (2.80) than 82.56% of its industry peers.
AGRO has a Quick Ratio of 1.56. This is a normal value and indicates that AGRO is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of AGRO (1.56) is better than 77.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.8 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
The earnings per share for AGRO have decreased strongly by -84.64% in the last year.
Measured over the past years, AGRO shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.45% on average per year.
Looking at the last year, AGRO shows a decrease in Revenue. The Revenue has decreased by -0.49% in the last year.
The Revenue has been growing by 10.89% on average over the past years. This is quite good.
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
Based on estimates for the next years, AGRO will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.58% on average per year.
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-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 15.84, the valuation of AGRO can be described as correct.
AGRO's Price/Earnings ratio is a bit cheaper when compared to the industry. AGRO is cheaper than 63.95% of the companies in the same industry.
When comparing the Price/Earnings ratio of AGRO to the average of the S&P500 Index (26.54), we can say AGRO is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.16, the valuation of AGRO can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AGRO indicates a somewhat cheap valuation: AGRO is cheaper than 75.58% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.78. AGRO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.84 | ||
| Fwd PE | 12.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGRO is valued cheaper than 84.88% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AGRO is valued a bit cheaper than 73.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.42 | ||
| EV/EBITDA | 6.16 |
4.3 Compensation for Growth
AGRO's earnings are expected to decrease with -12.58% in the coming years. This may justify a cheaper valuation.
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 4.15%, AGRO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.99, AGRO pays a bit more dividend than its industry peers.
AGRO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
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
149.55% of the earnings are spent on dividend by AGRO. This is not a sustainable payout ratio.
DP149.55%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
7.13
-0.25 (-3.39%)
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 Cap713.64M
Revenue(TTM)1.38B
Net Income(TTM)23.40M
Analysts48
Price Target10.81 (51.61%)
Short Float %4.67%
Short Ratio2.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
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)-6.53%
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)20.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.84 | ||
| Fwd PE | 12.16 | ||
| P/S | 0.52 | ||
| P/FCF | 13.42 | ||
| P/OCF | 2.36 | ||
| P/B | 0.52 | ||
| P/tB | 0.53 | ||
| EV/EBITDA | 6.16 |
EPS(TTM)0.45
EY6.31%
EPS(NY)0.59
Fwd EY8.23%
FCF(TTM)0.53
FCFY7.45%
OCF(TTM)3.02
OCFY42.34%
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 | 1.14 |
F-Score5
WACC3.76%
ROIC/WACC0.04
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 15.84 and the Price/Book (PB) ratio is 0.52.
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%.