Ag Growth International
Market Cap
CA$743.2m
Last Updated
2019/10/19 23:53 UTC
Data Sources
Company Financials +
Executive Summary
Ag Growth International Inc., together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally.
Snowflake
Fundamentals
Average dividend payer with acceptable track record.
Share Price & News
How has Ag Growth International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.8%
AFN
-0.09%
CA Machinery
-0.2%
CA Market
1 Year Return
-33.0%
AFN
-24.3%
CA Machinery
1.1%
CA Market
Return vs Industry: AFN underperformed the Canadian Machinery industry which returned -24.3% over the past year.
Return vs Market: AFN underperformed the Canadian Market which returned 1.1% over the past year.
Shareholder returns
| AFN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -0.09% | -0.2% |
| 30 Day | -10.5% | -5.5% | -3.3% |
| 90 Day | -25.6% | -13.6% | -1.6% |
| 1 Year | -29.9%-33.0% | -22.1%-24.3% | 4.6%1.1% |
| 3 Year | -2.6%-14.8% | 0.9%-5.6% | 13.1%3.1% |
| 5 Year | 12.7%-12.1% | 23.6%14.2% | 24.7%6.7% |
Price Volatility Vs. Market
How volatile is Ag Growth International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Is Ag Growth International Inc. (TSE:AFN) Better Than Average At Deploying Capital?2 weeks ago | Simply Wall St
Imagine Owning Ag Growth International (TSE:AFN) And Wondering If The 34% Share Price Slide Is Justified3 weeks ago | Simply Wall St
What Is Ag Growth International Inc.'s (TSE:AFN) Share Price Doing?Valuation
Is Ag Growth International undervalued compared to its fair value and its price relative to the market?
30.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: AFN (CA$39.84) is trading below our estimate of fair value (CA$57.01)
Significantly Undervalued: AFN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AFN is poor value based on its PE Ratio (20.6x) compared to the Machinery industry average (18.3x).
PE vs Market: AFN is poor value based on its PE Ratio (20.6x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: AFN is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: AFN is good value based on its PB Ratio (1.8x) compared to the CA Machinery industry average (2.2x).
Next Steps
Future Growth
How is Ag Growth International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
15.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AFN's forecast earnings growth (15.6% per year) is above the savings rate (1.9%).
Earnings vs Market: AFN's earnings (15.6% per year) are forecast to grow faster than the Canadian market (13.6% per year).
High Growth Earnings: AFN's earnings are forecast to grow, but not significantly.
Revenue vs Market: AFN's revenue (5.7% per year) is forecast to grow slower than the Canadian market (5.7% per year).
High Growth Revenue: AFN's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if AFN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Ag Growth International performed over the past 5 years?
35.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AFN's earnings have grown significantly by 35.5% per year over the past 5 years.
Accelerating Growth: AFN's earnings growth over the past year (4.8%) is below its 5-year average (35.5% per year).
Earnings vs Industry: AFN earnings growth over the past year (4.8%) exceeded the Machinery industry -6.2%.
Return on Equity
High ROE: AFN's Return on Equity (8.4%) is considered low.
Return on Assets
ROA vs Industry: AFN's Return on Assets is below or equal to the Machinery industry average last year.
Return on Capital Employed
ROCE Improving: AFN has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Ag Growth International's financial position?
Financial Position Analysis
Short Term Liabilities: AFN's short term assets (CA$455.4M) exceeds its short term liabilities (CA$231.6M)
Long Term Liabilities: AFN's short term assets (455.4M) do not cover its long term liabilities (808.9M)
Debt to Equity History and Analysis
Debt Level: AFN's debt to equity ratio (180.4%) is considered high
Reducing Debt: AFN's debt to equity ratio has increased from 58.9% to 180.4% over the past 5 years.
Debt Coverage: AFN's debt is not well covered by operating cash flow (0.1%).
Interest Coverage: AFN's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Inventory Level: AFN has a high level of physical assets or inventory.
Debt Coverage by Assets: AFN's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Ag Growth International's current dividend yield, its reliability and sustainability?
6.02%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Ag Growth International before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AFN's dividend (6.02%) is higher than the bottom 25% of dividend payers in the Canadian market (2.04%).
High Dividend: AFN's dividend (6.02%) is low compared to the top 25% of dividend payers in the Canadian market (6.03%).
Stable Dividend: AFN's dividends per share have been stable in the past 10 years.
Growing Dividend: AFN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (123.9%), AFN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AFN's dividends in 3 years are forecast to be covered by earnings (67.7% payout ratio).
Next Steps
Management
What is the CEO of Ag Growth International's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Tim Close (45yo)
3.8yrs
Tenure
CA$1,983,537
Compensation
Mr. Tim Close, CFA has been the President and Chief Executive Officer of Ag Growth International Inc. since March 2, 2015 and January 1, 2016 respectively. Mr. Close served as Senior Vice President of Stra ...
CEO Compensation Analysis
Compensation vs. Market: Tim's total compensation ($USD1.51M) is about average for companies of similar size in the Canadian market ($USD1.08M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Management Age and Tenure
3.8yrs
Average Tenure
Experienced Management: AFN's management team is considered experienced (3.8 years average tenure).
Board Age and Tenure
9.7yrs
Average Tenure
63.5yo
Average Age
Experienced Board: AFN's board of directors are considered experienced (9.7 years average tenure).
Insider Trading
Insider Buying: AFN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 9,903 |
| Max Price | CA$43.48 |
| Entity | Individual |
| Role | Member of the Board of Directors Special Advisor & Director |
| Shares | 23,175 |
| Max Price | CA$55.05 |
| Entity | Individual |
| Role | Member of the Board of Directors Special Advisor & Director |
| Shares | 30,000 |
| Max Price | CA$55.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Special Advisor & Director |
| Shares | 6,475 |
| Max Price | CA$46.40 |
Ownership Breakdown
Management Team
Steve Sommerfeld
Executive VP
- Tenure: 22.8yrs
- Compensation: CA$1.41m
Gary Anderson (63yo)
Special Advisor & Director
- Tenure: 13.4yrs
- Compensation: CA$145.27k
Ron Braun
Senior Vice President of Farm
- Tenure: 3.9yrs
- Compensation: CA$337.50k
Dan Donner
Senior Vice President of Commercial
- Tenure: 3.9yrs
- Compensation: CA$345.94k
Nicolle Parker
Senior Vice President - Finance & Information Systems
- Tenure: 0yrs
David Postill
Vice President of Marketing
- Tenure: 2.8yrs
- Compensation: CA$703.80k
Craig Wilson
Senior Vice President of Human Resources
- Tenure: 2.6yrs
- Compensation: CA$859.75k
Tim Close (45yo)
President
- Tenure: 3.8yrs
- Compensation: CA$1.98m
Ryan Kipp
Vice President of Legal & General Counsel
- Tenure: 3.8yrs
Board Members
Mac Moore (69yo)
Independent Director
- Tenure: 6.6yrs
- Compensation: CA$211.11k
Bill Lambert (67yo)
Independent Chairman of the Board
- Tenure: 12.8yrs
- Compensation: CA$195.12k
Bill Maslechko (58yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: CA$204.68k
Gary Anderson (63yo)
Special Advisor & Director
- Tenure: 13.4yrs
- Compensation: CA$145.27k
Anne De Greef-Safft (56yo)
Independent Director
- Tenure: 0.8yrs
- Compensation: CA$12.73k
David White (66yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: CA$245.12k
Janet Giesselman (64yo)
Independent Director
- Tenure: 6.6yrs
- Compensation: CA$237.07k
Tim Close (45yo)
President
- Tenure: 3.8yrs
- Compensation: CA$1.98m
Company Information
Ag Growth International Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ag Growth International Inc.
- Ticker: AFN
- Exchange: TSX
- Founded: 1996
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Market Cap: CA$743.221m
- Shares outstanding: 18.66m
- Website: https://www.aggrowth.com
Number of Employees
Location
- Ag Growth International Inc.
- 198 Commerce Drive
- Winnipeg
- Manitoba
- R3P 0Z6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AFN | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | May 2004 |
| AGGZ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | May 2004 |
| 7AG | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 2004 |
Biography
Ag Growth International Inc., together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:53 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.