ADECOAGRO SA (AGRO) Stock Fundamental Analysis
USA - NYSE:AGRO - LU0584671464 - Common Stock
8.16 USD
-0.21 (-2.51%)
8.16 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to AGRO. AGRO was compared to 86 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
AGRO had positive earnings in the past year.
In the past year AGRO had a positive cash flow from operations.
AGRO had positive earnings in each of the past 5 years.
Each year in the past 5 years AGRO had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 1.10%, AGRO perfoms like the industry average, outperforming 44.19% of the companies in the same industry.
AGRO's Return On Equity of 2.62% is in line compared to the rest of the industry. AGRO outperforms 44.19% of its industry peers.
The Return On Invested Capital of AGRO (0.90%) is comparable to the rest of the 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 28.75%.
| 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
With a Profit Margin value of 2.33%, AGRO perfoms like the industry average, outperforming 56.98% of the companies in the same industry.
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 45.35% of the companies in the same industry.
AGRO's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 18.66%, AGRO is in line with its industry, outperforming 50.00% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AGRO is destroying value.
Compared to 1 year ago, AGRO has less shares outstanding
Compared to 5 years ago, AGRO has less shares outstanding
AGRO has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.25, we must say that AGRO is in the distress zone and has some risk of bankruptcy.
AGRO's Altman-Z score of 1.25 is on the low side compared to the rest of the industry. AGRO is outperformed by 65.12% 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.
With a Debt to FCF ratio value of 16.91, AGRO perfoms like the industry average, outperforming 54.65% 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 Debt to Equity ratio (0.73) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 16.91 | ||
| Altman-Z | 1.25 |
ROIC/WACC0.23
WACC3.97%
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.
AGRO has a Current ratio of 1.90. This is in the better half of the industry: AGRO outperforms 61.63% of its industry peers.
AGRO has a Quick Ratio of 1.90. This is a bad value and indicates that AGRO is not financially healthy enough and could expect problems in meeting its short term obligations.
AGRO has a Quick ratio (0.95) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The earnings per share for AGRO have decreased strongly by -82.43% in the last year.
AGRO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.45% yearly.
The Revenue has grown by 17.51% in the past year. This is quite good.
The Revenue has been growing by 10.89% on average over the past years. This is quite good.
EPS 1Y (TTM)-82.43%
EPS 3Y-7.45%
EPS 5YN/A
EPS Q2Q%-289.25%
Revenue 1Y (TTM)17.51%
Revenue growth 3Y10.27%
Revenue growth 5Y10.89%
Sales Q2Q%-6.09%
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 -12.58% yearly.
Based on estimates for the next years, AGRO will show a decrease in Revenue. The Revenue will decrease by -2.74% on average per year.
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-2.28%
Revenue Next 3Y-2.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 17.36, which indicates a rather expensive current valuation of AGRO.
61.63% of the companies in the same industry are more expensive than AGRO, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of AGRO to the average of the S&P500 Index (26.76), we can say AGRO is valued slightly cheaper.
With a Price/Forward Earnings ratio of 13.91, AGRO is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AGRO indicates a somewhat cheap valuation: AGRO is cheaper than 73.26% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AGRO to the average of the S&P500 Index (22.63), we can say AGRO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.36 | ||
| Fwd PE | 13.91 |
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 81.40% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, AGRO is valued cheaper than 82.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.88 | ||
| EV/EBITDA | 5.98 |
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
AGRO has a Yearly Dividend Yield of 4.35%, which is a nice return.
AGRO's Dividend Yield is rather good when compared to the industry average which is at 5.10. AGRO pays more dividend than 80.23% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, AGRO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
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-27.45%
EPS Next 3Y-12.58%
8.16
-0.21 (-2.51%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners23.48%
Inst Owner Change0.31%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap816.57M
Revenue(TTM)1.54B
Net Income(TTM)35.95M
Analysts48
Price Target11.28 (38.24%)
Short Float %4.88%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.35% |
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)0%
PT rev (3m)-2.81%
EPS NQ rev (1m)-81.82%
EPS NQ rev (3m)-81.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-86.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.71%
Revenue NY rev (1m)4.91%
Revenue NY rev (3m)-1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.36 | ||
| Fwd PE | 13.91 | ||
| P/S | 0.53 | ||
| P/FCF | 10.88 | ||
| P/OCF | 2.52 | ||
| P/B | 0.6 | ||
| P/tB | 0.61 | ||
| EV/EBITDA | 5.98 |
EPS(TTM)0.47
EY5.76%
EPS(NY)0.59
Fwd EY7.19%
FCF(TTM)0.75
FCFY9.19%
OCF(TTM)3.23
OCFY39.63%
SpS15.4
BVpS13.71
TBVpS13.33
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.04
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 | 1.25 |
F-Score6
WACC3.97%
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)-82.43%
EPS 3Y-7.45%
EPS 5YN/A
EPS Q2Q%-289.25%
EPS Next Y-92.22%
EPS Next 2Y-27.45%
EPS Next 3Y-12.58%
EPS Next 5YN/A
Revenue 1Y (TTM)17.51%
Revenue growth 3Y10.27%
Revenue growth 5Y10.89%
Sales Q2Q%-6.09%
Revenue Next Year-5.12%
Revenue Next 2Y-2.28%
Revenue Next 3Y-2.74%
Revenue Next 5YN/A
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 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 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 17.36 and the Price/Book (PB) ratio is 0.6.
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%.