ADECOAGRO SA (AGRO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AGRO - LU0584671464 - Common Stock
8.05 USD
+0.2 (+2.55%)
8.05 USD
0 (0%)
AGRO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 it does not seem to be growing.
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.
In the past 5 years AGRO has always been profitable.
AGRO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AGRO's Return On Assets of 1.10% is in line compared to the rest of the industry. AGRO outperforms 44.83% of its industry peers.
AGRO has a Return On Equity of 2.62%. This is comparable to the rest of the industry: AGRO outperforms 44.83% of its industry peers.
With a Return On Invested Capital value of 0.90%, AGRO perfoms like the industry average, outperforming 44.83% 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 28.38%.
| 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 has a Profit Margin (2.33%) which is in line with its industry peers.
AGRO's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 2.16%, AGRO is in line with its industry, outperforming 45.98% of the companies in the same industry.
In the last couple of years the Operating Margin of AGRO has declined.
With a Gross Margin value of 18.66%, AGRO perfoms like the industry average, outperforming 47.13% of the companies in the same 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AGRO is destroying value.
Compared to 1 year ago, AGRO has less shares outstanding
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
AGRO has an Altman-Z score of 1.24. This is a bad value and indicates that AGRO is not financially healthy and even has some risk of bankruptcy.
AGRO's Altman-Z score of 1.24 is on the low side compared to the rest of the industry. AGRO is outperformed by 66.67% 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.
Looking at the Debt to FCF ratio, with a value of 16.91, AGRO is in line with its industry, outperforming 55.17% of the companies in the same 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 worse Debt to Equity ratio (0.73) than 60.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 16.91 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.23
WACC3.93%
2.3 Liquidity
A Current Ratio of 1.90 indicates that AGRO should not have too much problems paying its short term obligations.
AGRO has a better Current ratio (1.90) than 62.07% of its industry peers.
A Quick Ratio of 0.95 indicates that AGRO may have some problems paying 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 has grown by an impressive 114.82% over the past year.
Looking at the last year, AGRO shows a decrease in Revenue. The Revenue has decreased by -1.86% in the last 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.
Based on estimates for the next years, AGRO will show a small growth in Revenue. The Revenue will grow by 1.12% on average per year.
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
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
A Price/Earnings ratio of 17.89 indicates a rather expensive valuation of AGRO.
The rest of the industry has a similar Price/Earnings ratio as AGRO.
AGRO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.15.
A Price/Forward Earnings ratio of 92.85 indicates a quite expensive valuation of AGRO.
AGRO's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.12. AGRO is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.89 | ||
| Fwd PE | 92.85 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AGRO indicates a rather cheap valuation: AGRO is cheaper than 85.06% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, AGRO is valued cheaply inside the industry as 86.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.74 | ||
| EV/EBITDA | 5.88 |
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 4.44%, which is a nice return.
AGRO's Dividend Yield is rather good when compared to the industry average which is at 5.21. 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 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
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%
8.05
+0.2 (+2.55%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners23.48%
Inst Owner Change-29.18%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap805.56M
Revenue(TTM)1.30B
Net Income(TTM)35.95M
Analysts48
Price Target10.91 (35.53%)
Short Float %5.19%
Short Ratio3.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.44% |
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)-3.25%
PT rev (3m)-5.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-81.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-86.92%
Revenue NQ rev (1m)-7.92%
Revenue NQ rev (3m)-15.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.89 | ||
| Fwd PE | 92.85 | ||
| P/S | 0.52 | ||
| P/FCF | 10.74 | ||
| P/OCF | 2.49 | ||
| P/B | 0.59 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 5.88 |
EPS(TTM)0.45
EY5.59%
EPS(NY)0.09
Fwd EY1.08%
FCF(TTM)0.75
FCFY9.31%
OCF(TTM)3.23
OCFY40.17%
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 | 1.24 |
F-Score6
WACC3.93%
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 17.89 and the Price/Book (PB) ratio is 0.59.
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%.