FARMLAND PARTNERS INC (FPI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:FPI • US31154R1095

11.88 USD
+0.07 (+0.59%)
At close: Feb 10, 2026
11.8353 USD
-0.04 (-0.38%)
After Hours: 2/10/2026, 8:08:44 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

FPI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. FPI has only an average score on both its financial health and profitability. FPI is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • FPI had positive earnings in the past year.
  • In the past year FPI had a positive cash flow from operations.
  • In multiple years FPI reported negative net income over the last 5 years.
  • FPI had a positive operating cash flow in each of the past 5 years.
FPI Yearly Net Income VS EBIT VS OCF VS FCFFPI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M

1.2 Ratios

  • With an excellent Return On Assets value of 8.87%, FPI belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
  • FPI has a Return On Equity of 14.58%. This is in the better half of the industry: FPI outperforms 78.57% of its industry peers.
  • FPI has a worse Return On Invested Capital (2.43%) than 64.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FPI is below the industry average of 5.06%.
  • The last Return On Invested Capital (2.43%) for FPI is above the 3 year average (2.05%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.87%
ROE 14.58%
ROIC 2.43%
ROA(3y)3.31%
ROA(5y)1.79%
ROE(3y)6.18%
ROE(5y)3.21%
ROIC(3y)2.05%
ROIC(5y)1.8%
FPI Yearly ROA, ROE, ROICFPI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

1.3 Margins

  • FPI has a Profit Margin of 123.81%. This is amongst the best in the industry. FPI outperforms 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of FPI has grown nicely.
  • FPI has a Operating Margin of 42.35%. This is in the better half of the industry: FPI outperforms 64.29% of its industry peers.
  • In the last couple of years the Operating Margin of FPI has declined.
  • FPI's Gross Margin of 78.72% is fine compared to the rest of the industry. FPI outperforms 71.43% of its industry peers.
  • In the last couple of years the Gross Margin of FPI has remained more or less at the same level.
Industry RankSector Rank
OM 42.35%
PM (TTM) 123.81%
GM 78.72%
OM growth 3Y10.34%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5Y108.42%
GM growth 3Y-0.93%
GM growth 5Y-0.72%
FPI Yearly Profit, Operating, Gross MarginsFPI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FPI is destroying value.
  • Compared to 1 year ago, FPI has less shares outstanding
  • Compared to 5 years ago, FPI has more shares outstanding
  • The debt/assets ratio for FPI has been reduced compared to a year ago.
FPI Yearly Shares OutstandingFPI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
FPI Yearly Total Debt VS Total AssetsFPI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • FPI has an Altman-Z score of 1.11. This is a bad value and indicates that FPI is not financially healthy and even has some risk of bankruptcy.
  • FPI has a better Altman-Z score (1.11) than 60.71% of its industry peers.
  • FPI has a debt to FCF ratio of 23.33. This is a negative value and a sign of low solvency as FPI would need 23.33 years to pay back of all of its debts.
  • FPI's Debt to FCF ratio of 23.33 is in line compared to the rest of the industry. FPI outperforms 50.00% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that FPI is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.38, FPI belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 23.33
Altman-Z 1.11
ROIC/WACC0.29
WACC8.41%
FPI Yearly LT Debt VS Equity VS FCFFPI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

  • A Current Ratio of 2.09 indicates that FPI has no problem at all paying its short term obligations.
  • FPI has a Current ratio of 2.09. This is amongst the best in the industry. FPI outperforms 85.71% of its industry peers.
  • FPI has a Quick Ratio of 1.88. This is a normal value and indicates that FPI is financially healthy and should not expect problems in meeting its short term obligations.
  • FPI has a Quick ratio of 1.88. This is amongst the best in the industry. FPI outperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 2.09
Quick Ratio 1.88
FPI Yearly Current Assets VS Current LiabilitesFPI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • FPI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 423.33%, which is quite impressive.
  • FPI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 90.67% yearly.
  • The Revenue has decreased by -9.27% in the past year.
  • The Revenue has been growing slightly by 1.68% on average over the past years.
EPS 1Y (TTM)423.33%
EPS 3YN/A
EPS 5Y90.67%
EPS Q2Q%0%
Revenue 1Y (TTM)-9.27%
Revenue growth 3Y4.02%
Revenue growth 5Y1.68%
Sales Q2Q%-15.51%

3.2 Future

  • FPI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -46.41% yearly.
  • Based on estimates for the next years, FPI will show a very negative growth in Revenue. The Revenue will decrease by -15.49% on average per year.
EPS Next Y-67.78%
EPS Next 2Y-62.02%
EPS Next 3Y-46.41%
EPS Next 5YN/A
Revenue Next Year-14.79%
Revenue Next 2Y-15.49%
Revenue Next 3YN/A
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.
  • 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.
FPI Yearly Revenue VS EstimatesFPI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
FPI Yearly EPS VS EstimatesFPI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 0.6 0.8 1

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.57 indicates a rather cheap valuation of FPI.
  • Compared to the rest of the industry, the Price/Earnings ratio of FPI indicates a rather cheap valuation: FPI is cheaper than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.03, FPI is valued rather cheaply.
  • FPI is valuated quite expensively with a Price/Forward Earnings ratio of 78.42.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FPI indicates a slightly more expensive valuation: FPI is more expensive than 64.29% of the companies listed in the same industry.
  • FPI is valuated expensively when we compare the Price/Forward Earnings ratio to 27.97, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.57
Fwd PE 78.42
FPI Price Earnings VS Forward Price EarningsFPI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FPI is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as FPI.
Industry RankSector Rank
P/FCF 70.32
EV/EBITDA 24.72
FPI Per share dataFPI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of FPI may justify a higher PE ratio.
  • FPI's earnings are expected to decrease with -46.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.08
EPS Next 2Y-62.02%
EPS Next 3Y-46.41%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.09%, FPI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 5.48, FPI's dividend is way lower than its industry peers. On top of this 89.29% of the companies listed in the same industry pay a better dividend than FPI!
  • FPI's Dividend Yield is comparable with the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.09%

5.2 History

  • The dividend of FPI decreases each year by -3.18%.
  • FPI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As FPI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-3.18%
Div Incr Years3
Div Non Decr Years5
FPI Yearly Dividends per shareFPI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 102.25% of the earnings are spent on dividend by FPI. This is not a sustainable payout ratio.
  • The Dividend Rate of FPI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP102.25%
EPS Next 2Y-62.02%
EPS Next 3Y-46.41%
FPI Yearly Income VS Free CF VS DividendFPI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M
FPI Dividend Payout.FPI Dividend Payout, showing the Payout Ratio.FPI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

FARMLAND PARTNERS INC

NYSE:FPI (2/10/2026, 8:08:44 PM)

After market: 11.8353 -0.04 (-0.38%)

11.88

+0.07 (+0.59%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-29
Earnings (Next)02-25
Inst Owners61.4%
Inst Owner Change-0.79%
Ins Owners7.86%
Ins Owner Change0.55%
Market Cap512.03M
Revenue(TTM)52.94M
Net Income(TTM)65.54M
Analysts77.5
Price Target12.41 (4.46%)
Short Float %6.4%
Short Ratio4.51
Dividend
Industry RankSector Rank
Dividend Yield 2.09%
Yearly Dividend0.52
Dividend Growth(5Y)-3.18%
DP102.25%
Div Incr Years3
Div Non Decr Years5
Ex-Date01-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6461%
Min EPS beat(2)-60.4%
Max EPS beat(2)12982.4%
EPS beat(4)2
Avg EPS beat(4)3316.13%
Min EPS beat(4)-60.4%
Max EPS beat(4)12982.4%
EPS beat(8)5
Avg EPS beat(8)1690.62%
EPS beat(12)7
Avg EPS beat(12)1189.33%
EPS beat(16)10
Avg EPS beat(16)916.18%
Revenue beat(2)2
Avg Revenue beat(2)3.49%
Min Revenue beat(2)1.81%
Max Revenue beat(2)5.17%
Revenue beat(4)4
Avg Revenue beat(4)4.68%
Min Revenue beat(4)1.81%
Max Revenue beat(4)6.97%
Revenue beat(8)5
Avg Revenue beat(8)2.27%
Revenue beat(12)5
Avg Revenue beat(12)-0.85%
Revenue beat(16)9
Avg Revenue beat(16)1.78%
PT rev (1m)2.46%
PT rev (3m)-0.68%
EPS NQ rev (1m)70%
EPS NQ rev (3m)17.24%
EPS NY rev (1m)15.52%
EPS NY rev (3m)-6.94%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)1.24%
Valuation
Industry RankSector Rank
PE 7.57
Fwd PE 78.42
P/S 9.67
P/FCF 70.32
P/OCF 30.39
P/B 1.14
P/tB 1.15
EV/EBITDA 24.72
EPS(TTM)1.57
EY13.22%
EPS(NY)0.15
Fwd EY1.28%
FCF(TTM)0.17
FCFY1.42%
OCF(TTM)0.39
OCFY3.29%
SpS1.23
BVpS10.43
TBVpS10.33
PEG (NY)N/A
PEG (5Y)0.08
Graham Number19.19
Profitability
Industry RankSector Rank
ROA 8.87%
ROE 14.58%
ROCE 3.08%
ROIC 2.43%
ROICexc 2.48%
ROICexgc 2.49%
OM 42.35%
PM (TTM) 123.81%
GM 78.72%
FCFM 13.75%
ROA(3y)3.31%
ROA(5y)1.79%
ROE(3y)6.18%
ROE(5y)3.21%
ROIC(3y)2.05%
ROIC(5y)1.8%
ROICexc(3y)2.15%
ROICexc(5y)1.87%
ROICexgc(3y)2.16%
ROICexgc(5y)1.88%
ROCE(3y)2.6%
ROCE(5y)2.28%
ROICexgc growth 3Y31.14%
ROICexgc growth 5Y7.77%
ROICexc growth 3Y31.05%
ROICexc growth 5Y7.64%
OM growth 3Y10.34%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5Y108.42%
GM growth 3Y-0.93%
GM growth 5Y-0.72%
F-Score8
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 23.33
Debt/EBITDA 6.31
Cap/Depr 212.39%
Cap/Sales 18.07%
Interest Coverage 1.63
Cash Conversion 62.58%
Profit Quality 11.11%
Current Ratio 2.09
Quick Ratio 1.88
Altman-Z 1.11
F-Score8
WACC8.41%
ROIC/WACC0.29
Cap/Depr(3y)521.09%
Cap/Depr(5y)541.51%
Cap/Sales(3y)59.29%
Cap/Sales(5y)69.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)423.33%
EPS 3YN/A
EPS 5Y90.67%
EPS Q2Q%0%
EPS Next Y-67.78%
EPS Next 2Y-62.02%
EPS Next 3Y-46.41%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.27%
Revenue growth 3Y4.02%
Revenue growth 5Y1.68%
Sales Q2Q%-15.51%
Revenue Next Year-14.79%
Revenue Next 2Y-15.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.87%
EBIT growth 3Y14.77%
EBIT growth 5Y-0.65%
EBIT Next Year13.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y125.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.16%
OCF growth 3Y27.11%
OCF growth 5Y-2.14%

FARMLAND PARTNERS INC / FPI FAQ

What is the ChartMill fundamental rating of FARMLAND PARTNERS INC (FPI) stock?

ChartMill assigns a fundamental rating of 5 / 10 to FPI.


What is the valuation status of FARMLAND PARTNERS INC (FPI) stock?

ChartMill assigns a valuation rating of 4 / 10 to FARMLAND PARTNERS INC (FPI). This can be considered as Fairly Valued.


Can you provide the profitability details for FARMLAND PARTNERS INC?

FARMLAND PARTNERS INC (FPI) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for FPI stock?

The Earnings per Share (EPS) of FARMLAND PARTNERS INC (FPI) is expected to decline by -67.78% in the next year.


How sustainable is the dividend of FARMLAND PARTNERS INC (FPI) stock?

The dividend rating of FARMLAND PARTNERS INC (FPI) is 3 / 10 and the dividend payout ratio is 102.25%.