FARMLAND PARTNERS INC (FPI) Stock Fundamental Analysis

NYSE:FPI • US31154R1095

12.96 USD
+0.34 (+2.69%)
At close: Feb 25, 2026
12.85 USD
-0.11 (-0.85%)
Pre-Market: 2/26/2026, 6:46:41 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

FPI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. FPI has an average financial health and profitability rating. FPI is valued expensive and 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 4 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

  • FPI has a Return On Assets of 8.87%. This is amongst the best in the industry. FPI outperforms 96.43% of its industry peers.
  • FPI's Return On Equity of 14.58% is fine compared to the rest of the industry. FPI outperforms 78.57% of its industry peers.
  • With a Return On Invested Capital value of 2.43%, FPI is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
  • FPI had an Average Return On Invested Capital over the past 3 years of 2.05%. This is below the industry average of 4.76%.
  • 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

  • The Profit Margin of FPI (123.81%) is better than 100.00% of its industry peers.
  • FPI's Profit Margin has improved in the last couple of years.
  • FPI's Operating Margin of 42.35% is fine compared to the rest of the industry. FPI outperforms 64.29% of its industry peers.
  • In the last couple of years the Operating Margin of FPI has declined.
  • With a decent Gross Margin value of 78.72%, FPI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • 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

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FPI is destroying value.
  • There is no outstanding debt for FPI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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 1.21. This is a bad value and indicates that FPI is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.21, FPI is doing good in the industry, outperforming 67.86% of the companies in the same industry.
  • The Debt to FCF ratio of FPI is 23.33, which is on the high side as it means it would take FPI, 23.33 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of FPI (23.33) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.38 indicates that FPI is not too dependend on debt financing.
  • FPI has a better Debt to Equity ratio (0.38) than 96.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 23.33
Altman-Z 1.21
ROIC/WACC0.29
WACC8.31%
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

  • FPI has a Current Ratio of 2.09. This indicates that FPI is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 2.09, FPI belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
  • 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 89.29% 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

1

3. Growth

3.1 Past

  • The earnings per share for FPI have decreased strongly by -12.38% in the last year.
  • Measured over the past years, FPI shows a very strong growth in Earnings Per Share. The EPS has been growing by 79.15% on average per year.
EPS 1Y (TTM)-12.38%
EPS 3Y79.15%
EPS 5YN/A
EPS Q2Q%-60.19%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.53%

3.2 Future

  • The Earnings Per Share is expected to decrease by -58.09% on average over the next years. This is quite bad
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-83.53%
EPS Next 2Y-58.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-16.19%
Revenue Next 2YN/A
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.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
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

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.09 indicates a correct 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 92.86% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.05. FPI is valued slightly cheaper when compared to this.
  • FPI is valuated quite expensively with a Price/Forward Earnings ratio of 85.54.
  • Based on the Price/Forward Earnings ratio, FPI is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.03, FPI is valued quite expensively.
Industry RankSector Rank
PE 14.09
Fwd PE 85.54
FPI Price Earnings VS Forward Price EarningsFPI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FPI is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
  • FPI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 76.72
EV/EBITDA 26.56
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

  • FPI has a very decent profitability rating, which may justify a higher PE ratio.
  • FPI's earnings are expected to decrease with -58.09% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-58.09%
EPS Next 3YN/A

More info and screens

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

4

5. Dividend

5.1 Amount

  • FPI has a Yearly Dividend Yield of 2.85%.
  • Compared to an average industry Dividend Yield of 5.39, FPI is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.80, FPI pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.85%

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.
  • FPI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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-58.09%
EPS Next 3YN/A
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 (2/25/2026, 8:13:52 PM)

Premarket: 12.85 -0.11 (-0.85%)

12.96

+0.34 (+2.69%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners61.4%
Inst Owner Change-5.33%
Ins Owners7.86%
Ins Owner Change2.82%
Market Cap558.58M
Revenue(TTM)N/A
Net Income(TTM)65.54M
Analysts74.29
Price Target13.26 (2.31%)
Short Float %6.53%
Short Ratio4.89
Dividend
Industry RankSector Rank
Dividend Yield 2.85%
Yearly Dividend0.52
Dividend Growth(5Y)-3.18%
DP102.25%
Div Incr Years3
Div Non Decr Years5
Ex-Date04-01
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 14.09
Fwd PE 85.54
P/S 10.55
P/FCF 76.72
P/OCF 33.16
P/B 1.24
P/tB 1.25
EV/EBITDA 26.56
EPS(TTM)0.92
EY7.1%
EPS(NY)0.15
Fwd EY1.17%
FCF(TTM)0.17
FCFY1.3%
OCF(TTM)0.39
OCFY3.02%
SpS1.23
BVpS10.43
TBVpS10.33
PEG (NY)N/A
PEG (5Y)N/A
Graham Number14.69
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 1.21
F-Score8
WACC8.31%
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)-12.38%
EPS 3Y79.15%
EPS 5YN/A
EPS Q2Q%-60.19%
EPS Next Y-83.53%
EPS Next 2Y-58.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.53%
Revenue Next Year-16.19%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.87%
EBIT growth 3Y14.77%
EBIT growth 5Y-0.65%
EBIT Next Year14.5%
EBIT Next 3Y6.62%
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 4 / 10 to FPI.


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

ChartMill assigns a valuation rating of 3 / 10 to FARMLAND PARTNERS INC (FPI). This can be considered as Overvalued.


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 -83.53% in the next year.


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

The dividend rating of FARMLAND PARTNERS INC (FPI) is 4 / 10 and the dividend payout ratio is 102.25%.