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Ag Growth International Inc.TSX:AFN Stock Report

Market Cap CA$472.4m
Share Price
CA$25.15
CA$22.29
12.9% overvalued intrinsic discount
1Y-35.1%
7D25.7%
Portfolio Value
View

Ag Growth International Inc.

TSX:AFN Stock Report

Market Cap: CA$472.4m

Ag Growth International (AFN) Stock Overview

Provides equipment solutions for bulk agriculture commodities Canada, the United States, and internationally. More details

AFN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends0/6

AFN Community Fair Values

Create Narrative

See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

Ag Growth International Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ag Growth International
Historical stock prices
Current Share PriceCA$25.15
52 Week HighCA$44.84
52 Week LowCA$13.60
Beta1.04
1 Month Change36.17%
3 Month Change-9.21%
1 Year Change-35.11%
3 Year Change-52.13%
5 Year Change-40.61%
Change since IPO149.50%

Recent News & Updates

Narrative Update Apr 26

AFN: Governance Reset And Reorganization Will Support Renewed Confidence

Analysts have lowered their average price targets on Ag Growth International, with recent cuts of CA$10, CA$13 and CA$19 contributing to a more cautious stance on the shares. Analyst Commentary Recent research updates point to a more cautious tone around Ag Growth International, with several firms cutting price targets and some moving to more negative ratings on the shares.
Narrative Update Apr 12

AFN: Brazil Review Clearance And Governance Reset Will Support Renewed Confidence

Narrative Update on Ag Growth International The updated analyst price target for Ag Growth International has moved lower by about CA$1.43, as analysts factor in softer revenue and margin assumptions, alongside a higher implied future P/E multiple. Analyst Commentary Recent Street research on Ag Growth International shows a mix of optimism and caution, with several firms adjusting targets and ratings as they reassess valuation and execution risks.

Recent updates

Narrative Update Apr 26

AFN: Governance Reset And Reorganization Will Support Renewed Confidence

Analysts have lowered their average price targets on Ag Growth International, with recent cuts of CA$10, CA$13 and CA$19 contributing to a more cautious stance on the shares. Analyst Commentary Recent research updates point to a more cautious tone around Ag Growth International, with several firms cutting price targets and some moving to more negative ratings on the shares.
Narrative Update Apr 12

AFN: Brazil Review Clearance And Governance Reset Will Support Renewed Confidence

Narrative Update on Ag Growth International The updated analyst price target for Ag Growth International has moved lower by about CA$1.43, as analysts factor in softer revenue and margin assumptions, alongside a higher implied future P/E multiple. Analyst Commentary Recent Street research on Ag Growth International shows a mix of optimism and caution, with several firms adjusting targets and ratings as they reassess valuation and execution risks.
Narrative Update Mar 29

AFN: Brazil Review Clearance And Leadership Reset Will Support Renewed Confidence

Analysts have trimmed the consolidated CA$ fair value estimate for Ag Growth International from about CA$38.57 to roughly CA$23.71, as recent target cuts and downgrades have been paired with more conservative assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Ag Growth International has shifted toward a more cautious stance, with several firms cutting price targets or downgrading ratings, while a few earlier reports reflected more supportive views after prior filings were cleared.
Narrative Update Mar 12

AFN: Brazil Review Clearance Will Support Renewed Confidence In Medium Term

Analyst price targets for Ag Growth International have shifted within a CA$30 to CA$41 range. The latest updates reflect a mix of modest increases and one reduction as analysts weigh cleaner Brazil audit findings against agriculture market headwinds and current valuation.
Narrative Update Feb 25

AFN: Brazil Review Clearance And CEO Transition Will Drive Renewed Confidence

Analysts have slightly increased their fair value estimate for Ag Growth International to CA$38.57 from CA$38.13, reflecting a combination of higher published price targets, renewed Buy ratings, and updated views on the company’s audit outcomes and sector headwinds. Analyst Commentary Recent research updates on Ag Growth International point to a mix of optimism around execution and valuation, alongside some caution tied to sector conditions and revised targets.
Narrative Update Feb 10

AFN: Brazil Controls Review And CEO Transition Will Restore Confidence

Our updated fair value estimate for Ag Growth International edges down by about C$0.25 per share as analysts balance slightly higher discount-rate assumptions and modestly refined growth and profitability expectations against a mixed set of recent price target changes and ratings across the Street. Analyst Commentary Recent Street research on Ag Growth International reflects a split view, with some analysts focusing on valuation support and cleaner disclosure, while others highlight governance overhangs and reduced visibility.
New Narrative Jan 29

Brazil Receivables And ERP Upgrades Will Shape Earnings Quality And Cash Stability

Catalysts About Ag Growth International Ag Growth International designs and supplies equipment and solutions for grain, food and feed handling, storage and processing across farm and commercial markets worldwide. What are the underlying business or industry changes driving this perspective?
Narrative Update Jan 26

AFN: Brazil Controls Review And Ag Cycle Recovery Will Restore Confidence

Analysts have adjusted their price targets on Ag Growth International in a mixed but generally supportive way, with several increases to around C$30 to C$41 and one reduction to C$40. These changes reflect updated views on revenue growth potential, profit expectations and valuation after recent financial reporting reviews.
Narrative Update Jan 11

AFN: Brazil Execution And Future Ag Cycle Recovery Will Restore Confidence

Analysts have trimmed their price targets on Ag Growth International, with the Street now clustering in a C$25 to C$50 range compared with prior targets as high as C$58. This reflects concerns around withdrawn 2025 guidance, accounting reviews in Brazil and softer expectations for near term North American farm recovery, despite some citing longer term upside drivers.
Narrative Update Dec 16

AFN: Future Ag Cycle Recovery Will Eventually Restore Market Confidence

Analysts have sharply reduced their price target on Ag Growth International to C$33 from C$58, reflecting heightened uncertainty around the company’s financial reporting review in Brazil, the withdrawal of 2025 guidance, and concerns that accounting questions and delayed North American farm recovery could weigh on sentiment, even as there are pockets of strength such as Brazil and potential upside from a future ag cycle and policy support. Analyst Commentary Analysts are divided on Ag Growth International, with recent actions reflecting both heightened caution around governance and accounting, and recognition of longer term structural demand drivers in key markets.
Narrative Update Dec 02

AFN: Upcoming Agricultural Cycle Recovery Will Improve Sentiment Despite Near-Term Challenges

Narrative Update The analyst price target for Ag Growth International has been lowered significantly, dropping from C$45 to C$38.80. Analysts cite increased uncertainty related to guidance withdrawals and ongoing reviews of financial reporting practices.
Narrative Update Nov 18

AFN: Recovery In Agricultural Cycle Will Drive Improved Market Sentiment

Analysts have lowered their price target for Ag Growth International from C$53.38 to C$45.00, citing uncertainty related to withdrawn guidance, ongoing financial reporting reviews, and delayed recovery in key markets. Analyst Commentary Recent research updates on Ag Growth International reflect mixed views from sector analysts amid significant company-specific uncertainties.
Analysis Article Nov 08

Why Investors Shouldn't Be Surprised By Ag Growth International Inc.'s (TSE:AFN) Low P/S

When close to half the companies operating in the Machinery industry in Canada have price-to-sales ratios (or "P/S...
Analysis Article Mar 08

Ag Growth International Inc. (TSE:AFN) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Ag Growth International Inc. ( TSE:AFN ) last week reported its latest yearly results, which makes it a good time for...
User avatar
New Narrative Feb 12

Expansion Into Brazil, EMEA, And Asia-Pacific Will Strengthen Future Prospects

Strategic focus on international markets and operational excellence has stabilized margins and supports future revenue growth.
Analysis Article Jan 29

Ag Growth International Inc. (TSE:AFN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Ag Growth International Inc. ( TSE:AFN ) shareholders that were waiting for something to happen have been dealt a blow...
Analysis Article Oct 19

These 4 Measures Indicate That Ag Growth International (TSE:AFN) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 08

Investors Aren't Entirely Convinced By Ag Growth International Inc.'s (TSE:AFN) Revenues

It's not a stretch to say that Ag Growth International Inc.'s ( TSE:AFN ) price-to-sales (or "P/S") ratio of 0.7x right...
Analysis Article May 30

Ag Growth International (TSE:AFN) Shareholders Will Want The ROCE Trajectory To Continue

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analysis Article May 08

Ag Growth International's (TSE:AFN) Earnings Offer More Than Meets The Eye

The stock was sluggish on the back of Ag Growth International Inc.'s ( TSE:AFN ) recent earnings report. We have done...
Analysis Article May 01

Ag Growth International Inc.'s (TSE:AFN) Business Is Trailing The Industry But Its Shares Aren't

It's not a stretch to say that Ag Growth International Inc.'s ( TSE:AFN ) price-to-sales (or "P/S") ratio of 0.7x right...
Analysis Article Mar 07

Is Ag Growth International (TSE:AFN) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Nov 06

Ag Growth International (TSE:AFN) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

AFNCA MachineryCA Market
7D25.7%-2.2%0.6%
1Y-35.1%19.4%34.2%

Return vs Industry: AFN underperformed the Canadian Machinery industry which returned 19.8% over the past year.

Return vs Market: AFN underperformed the Canadian Market which returned 34.8% over the past year.

Price Volatility

Is AFN's price volatile compared to industry and market?
AFN volatility
AFN Average Weekly Movement11.7%
Machinery Industry Average Movement6.8%
Market Average Movement10.3%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.9%

Stable Share Price: AFN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AFN's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aPaul Briseboiswww.aggrowth.com

Ag Growth International Inc., together with its subsidiaries, provides equipment solutions for bulk agriculture commodities Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; liquid storage tanks; and accessories, as well as mixed flow dryers, fans and heaters, aeration products, aeration floors, vents and exhausters, and stirring systems.

Ag Growth International Inc. Fundamentals Summary

How do Ag Growth International's earnings and revenue compare to its market cap?
AFN fundamental statistics
Market capCA$472.45m
Earnings (TTM)-CA$53.84m
Revenue (TTM)CA$1.42b
0.3x
P/S Ratio
-8.8x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AFN income statement (TTM)
RevenueCA$1.42b
Cost of RevenueCA$1.04b
Gross ProfitCA$371.38m
Other ExpensesCA$425.22m
Earnings-CA$53.84m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-2.85
Gross Margin26.23%
Net Profit Margin-3.80%
Debt/Equity Ratio405.7%

How did AFN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/13 13:28
End of Day Share Price 2026/05/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ag Growth International Inc. is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Cormark
Peter PrattasCantor Fitzgerald Canada Corporation
Hamir PatelCIBC Capital Markets