ADECOAGRO SA (AGRO) Stock Fundamental Analysis
USA - NYSE:AGRO - LU0584671464 - Common Stock
7.64 USD
-0.24 (-3.05%)
7.64 USD
0 (0%)
Taking everything into account, AGRO scores 4 out of 10 in our fundamental rating. AGRO was compared to 87 industry peers in the Food Products industry. There are concerns on the financial health of AGRO while its profitability can be described as average. 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
In the past year AGRO was profitable.
In the past year AGRO had a positive cash flow from operations.
AGRO had positive earnings in each of the past 5 years.
AGRO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.10%, AGRO perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
Looking at the Return On Equity, with a value of 2.62%, AGRO is in line with its industry, outperforming 44.83% of the companies in the same industry.
AGRO has a Return On Invested Capital (0.90%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for AGRO is significantly below the industry average of 28.38%.
| 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's Profit Margin of 2.33% is in line compared to the rest of the industry. AGRO outperforms 58.62% of its industry peers.
AGRO's Profit Margin has declined in the last couple of years.
AGRO's Operating Margin of 2.16% is in line compared 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 has a Gross Margin (18.66%) 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 | 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
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.
Compared to 5 years ago, AGRO has less shares outstanding
Compared to 1 year ago, AGRO has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.23, we must say that AGRO is in the distress zone and has some risk of bankruptcy.
AGRO has a worse Altman-Z score (1.23) than 65.52% of its industry peers.
AGRO has a debt to FCF ratio of 16.91. This is a negative value and a sign of low solvency as AGRO would need 16.91 years to pay back of all of its debts.
The Debt to FCF ratio of AGRO (16.91) is comparable to the rest of the industry.
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 of 0.73. This is in the lower half of the industry: AGRO underperforms 60.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 16.91 | ||
| Altman-Z | 1.23 |
ROIC/WACC0.23
WACC3.87%
2.3 Liquidity
AGRO has a Current Ratio of 1.90. This is a normal value and indicates that AGRO is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.90, AGRO is doing good in the industry, outperforming 60.92% of the companies in the same industry.
A Quick Ratio of 0.95 indicates that AGRO may have some problems paying its short term obligations.
AGRO's Quick ratio of 0.95 is fine compared to the rest of the industry. AGRO outperforms 60.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
AGRO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 114.82%, which is quite impressive.
The Revenue has decreased by -1.86% in the past year.
AGRO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.42% yearly.
EPS 1Y (TTM)114.82%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-7.14%
Revenue 1Y (TTM)-1.86%
Revenue growth 3Y16.4%
Revenue growth 5Y10.42%
Sales Q2Q%-35.48%
3.2 Future
AGRO is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -12.67% yearly.
AGRO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.12% yearly.
EPS Next Y-12.94%
EPS Next 2Y-73.97%
EPS Next 3Y-22.91%
EPS Next 5Y-12.67%
Revenue Next Year13.64%
Revenue Next 2Y3.83%
Revenue Next 3Y2.76%
Revenue Next 5Y1.12%
3.3 Evolution
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
The Price/Earnings ratio is 16.98, which indicates a correct valuation of AGRO.
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.
AGRO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.45.
AGRO is valuated quite expensively with a Price/Forward Earnings ratio of 88.12.
AGRO's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.46, AGRO is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.98 | ||
| Fwd PE | 88.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGRO is valued cheaply inside the industry as 83.91% of the companies are valued more expensively.
AGRO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AGRO is cheaper than 85.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.19 | ||
| EV/EBITDA | 5.82 |
4.3 Compensation for Growth
A cheap valuation may be justified as AGRO's earnings are expected to decrease with -22.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-73.97%
EPS Next 3Y-22.91%
5. Dividend
5.1 Amount
AGRO has a Yearly Dividend Yield of 4.46%, which is a nice return.
AGRO's Dividend Yield is rather good when compared to the industry average which is at 5.15. AGRO pays more dividend than 80.46% of the companies in the same industry.
AGRO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
5.2 History
AGRO has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
97.37% of the earnings are spent on dividend by AGRO. This is not a sustainable payout ratio.
DP97.37%
EPS Next 2Y-73.97%
EPS Next 3Y-22.91%
7.64
-0.24 (-3.05%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners23.48%
Inst Owner Change-29.05%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap764.53M
Revenue(TTM)1.30B
Net Income(TTM)35.95M
Analysts48
Price Target10.91 (42.8%)
Short Float %5.19%
Short Ratio3.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
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)-7.92%
Revenue NQ rev (3m)-15.02%
Revenue NY rev (1m)4.47%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.98 | ||
| Fwd PE | 88.12 | ||
| P/S | 0.5 | ||
| P/FCF | 10.19 | ||
| P/OCF | 2.36 | ||
| P/B | 0.56 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | 5.82 |
EPS(TTM)0.45
EY5.89%
EPS(NY)0.09
Fwd EY1.13%
FCF(TTM)0.75
FCFY9.81%
OCF(TTM)3.23
OCFY42.32%
SpS15.4
BVpS13.71
TBVpS13.33
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.78
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 | 1.23 |
F-Score6
WACC3.87%
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)114.82%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-7.14%
EPS Next Y-12.94%
EPS Next 2Y-73.97%
EPS Next 3Y-22.91%
EPS Next 5Y-12.67%
Revenue 1Y (TTM)-1.86%
Revenue growth 3Y16.4%
Revenue growth 5Y10.42%
Sales Q2Q%-35.48%
Revenue Next Year13.64%
Revenue Next 2Y3.83%
Revenue Next 3Y2.76%
Revenue Next 5Y1.12%
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 4 / 10 to AGRO.
What is the valuation status for AGRO stock?
ChartMill assigns a valuation rating of 4 / 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 16.98 and the Price/Book (PB) ratio is 0.56.
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%.