WBAG:AGRO

Stock Analysis Report

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Executive Summary

Ros Agro PLC operates as an integrated agricultural holding company in Russia and internationally.


Snowflake Analysis

Very undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Ros Agro's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGRO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.7%

AGRO

1.5%

AT Food

4.5%

AT Market


1 Year Return

-19.2%

AGRO

-0.1%

AT Food

-15.6%

AT Market

Return vs Industry: AGRO underperformed the Austrian Food industry which returned -0.3% over the past year.

Return vs Market: AGRO underperformed the Austrian Market which returned -16.4% over the past year.


Shareholder returns

AGROIndustryMarket
7 Day1.7%1.5%4.5%
30 Day9.5%2.9%6.6%
90 Day12.5%-1.8%-6.5%
1 Year-14.6%-19.2%2.0%-0.1%-14.7%-15.6%
3 Yearn/a17.8%11.0%-11.8%-18.6%
5 Yearn/a46.6%33.1%18.8%3.8%

Price Volatility Vs. Market

How volatile is Ros Agro's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ros Agro undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGRO (€8.56) is trading below our estimate of fair value (€25.65)

Significantly Below Fair Value: AGRO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGRO is good value based on its PE Ratio (7.1x) compared to the Food industry average (18x).

PE vs Market: AGRO is good value based on its PE Ratio (7.1x) compared to the Austrian market (10.8x).


Price to Earnings Growth Ratio

PEG Ratio: AGRO is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: AGRO is good value based on its PB Ratio (0.8x) compared to the XE Food industry average (1.1x).


Next Steps

Future Growth

How is Ros Agro forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGRO's forecast earnings growth (15.9% per year) is above the savings rate (0.5%).

Earnings vs Market: AGRO's earnings (15.9% per year) are forecast to grow slower than the Austrian market (22.7% per year).

High Growth Earnings: AGRO's earnings are forecast to grow, but not significantly.

Revenue vs Market: AGRO's revenue (7.2% per year) is forecast to grow faster than the Austrian market (3.6% per year).

High Growth Revenue: AGRO's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGRO's Return on Equity is forecast to be low in 3 years time (12.1%).


Next Steps

Past Performance

How has Ros Agro performed over the past 5 years?

-19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGRO has high quality earnings.

Growing Profit Margin: AGRO's current net profit margins (8.4%) are lower than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: AGRO's earnings have declined by -19.4% per year over the past 5 years.

Accelerating Growth: AGRO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AGRO had negative earnings growth (-11.2%) over the past year, making it difficult to compare to the Food industry average (-0.9%).


Return on Equity

High ROE: AGRO's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Ros Agro's financial position?


Financial Position Analysis

Short Term Liabilities: AGRO's short term assets (RUB90.1B) exceed its short term liabilities (RUB51.7B).

Long Term Liabilities: AGRO's short term assets (RUB90.1B) exceed its long term liabilities (RUB79.4B).


Debt to Equity History and Analysis

Debt Level: AGRO's debt to equity ratio (88.1%) is considered high.

Reducing Debt: AGRO's debt to equity ratio has increased from 48.3% to 88.1% over the past 5 years.

Debt Coverage: AGRO's debt is well covered by operating cash flow (24.6%).

Interest Coverage: AGRO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Ros Agro's current dividend yield, its reliability and sustainability?

5.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGRO's dividend (5.47%) is higher than the bottom 25% of dividend payers in the Austrian market (1.68%).

High Dividend: AGRO's dividend (5.47%) is in the top 25% of dividend payers in the Austrian market (5.01%)


Stability and Growth of Payments

Stable Dividend: AGRO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AGRO's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), AGRO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AGRO's dividends in 3 years are forecast to be well covered by earnings (45.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Maxim Basov (44yo)

10.92yrs

Tenure

Mr. Maxim Dmitrievich Basov serves as General Director at LLC Rusagro Group Of Companies. Mr. Basov serves as Member of Management Board at Public joint stock company RAZGULAY Group. Mr. Basov has been the ...


Leadership Team

NamePositionTenureCompensationOwnership
Maxim Basov
CEO & Executive Director10.92yrsno data7.39% RUB82.5m
Alexey Podolyakin
Chief Financial Officer2.42yrsno datano data
Svetlana Kuznetsova
Head of Investment Department3.67yrsno datano data
Ganna Khomenko
MD, Compliance Officer & Director9.33yrsno datano data
Sergey Koltunov
Director of Legal & Corporate Affairs7.42yrsno datano data
Olga Fedorova
Human Resources Director1.42yrsno datano data
Dmitry Brekhov
Head of Internal Audit Department9.67yrsno datano data
Nikolai Zhirnov
Head of Sugar Business8.58yrsno datano data
Roman Danilin
Head of the Dairy Division2.67yrsno datano data
Evgeny Sluchevsky
Head of the Meat Business0.67yrno datano data

3.7yrs

Average Tenure

41yo

Average Age

Experienced Management: AGRO's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Maxim Basov
CEO & Executive Director10.92yrsno data7.39% RUB82.5m
Ganna Khomenko
MD, Compliance Officer & Director9.33yrsno datano data
Richard Smyth
Independent Director9.33yrsno data0.023% RUB258.3k
Vadim Moshkovich
Chairman5.08yrsno datano data
Anastassos Televantides
Independent Director8.58yrsno data0.0074% RUB82.9k

9.3yrs

Average Tenure

52yo

Average Age

Experienced Board: AGRO's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ros Agro PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ros Agro PLC
  • Ticker: AGRO
  • Exchange: WBAG
  • Founded: 1995
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$1.254b
  • Listing Market Cap: US$1.116b
  • Shares outstanding: 134.53m
  • Website: https://www.rusagrogroup.ru

Number of Employees


Location

  • Ros Agro PLC
  • 25 Aphrodite Street
  • 3rd floor
  • Nicosia
  • 1060
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGROLSE (London Stock Exchange)YesGDR (5 REPR 1 ORD) REG'SGBUSDApr 2011
1RA1BST (Boerse-Stuttgart)YesGDR (5 REPR 1 ORD) REG'SDEEURApr 2011
AGROLBATS-CHIXE (BATS 'Chi-X Europe')YesGDR (5 REPR 1 ORD) REG'SGBUSDApr 2011
AGROMISX (Micex - Rts)YesGDR (5 REPR 1 ORD) REG'SRURUBApr 2011
AGROWBAG (Wiener Boerse AG)YesGDR (5 REPR 1 ORD) REG'SATEURApr 2011

Biography

Ros Agro PLC operates as an integrated agricultural holding company in Russia and internationally. It operates through four segments: Sugar, Meat, Agriculture, and Oil and Fat. The Sugar segment engages in the production and trade of white granulated sugar, cane sugar, white lump sugar, beet molasses, dried beet molasses, dried sugar beet cossettes, long grain/round grain raw rice, polished round grain rice, polished long grain rice, long grain steamed rice, buckwheat, and oat flakes. This segment markets its products under the Chaikofsky, Mon Cafe, Russkii Sakhar, Brauni, and Warm Traditions brand names. The Meat segment is involved in the cultivation of pigs; and sale of consumable livestock to third parties under the Slovo Myasnika brand. The Agriculture segment engages in the cultivation of plant crops, including sugar beet, wheat, barley, soya, corn, sunflower, and other plant crops; and dairy cattle livestock. The Oil and Fat segment is involved in the vegetable oil extraction activities; and production and sale of mayonnaise, margarine, and bottled vegetable oil, as well as spreads, ketchups, mustard, soaps, and sauces. This segment markets its products primarily under the EZhK, Gotovim doma, Mechta khoziayki, Schedroe Leto, Maslava, Soyaco, Food Expert, Colibri Fiori, and Formula Chistoty brand names. The company was formerly known as Matchzone Holdings Limited and changed its name to Ros Agro PLC in February 2011. The company was founded in 1995 and is based in Nicosia, Cyprus. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 01:12
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.