AFN Stock Overview
Ag Growth International Inc., together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally.
Ag Growth International Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$33.16|
|52 Week High||CA$44.24|
|52 Week Low||CA$25.85|
|1 Month Change||-18.02%|
|3 Month Change||-13.74%|
|1 Year Change||-21.05%|
|3 Year Change||-37.88%|
|5 Year Change||-42.79%|
|Change since IPO||228.97%|
Recent News & Updates
|AFN||CA Machinery||CA Market|
Return vs Industry: AFN exceeded the Canadian Machinery industry which returned -39.9% over the past year.
Return vs Market: AFN underperformed the Canadian Market which returned 4.3% over the past year.
|AFN Average Weekly Movement||6.9%|
|Machinery Industry Average Movement||9.8%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||16.7%|
|10% least volatile stocks in CA Market||4.2%|
Stable Share Price: AFN is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AFN's weekly volatility (7%) has been stable over the past year.
About the Company
Ag Growth International Inc., together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories. It also provides portable handling equipment, such as portable augers, conveyors, grain vacs, post pounders, seed treaters, and accessories; and permanent handling equipment, including bucket elevators, chain and belt conveyors, enclosed belt conveyors, distributors, feed handling equipment, screw feeders and conveyors, and spouts and connections.
Ag Growth International Fundamentals Summary
|AFN fundamental statistics|
Is AFN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFN income statement (TTM)|
|Cost of Revenue||CA$924.25m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.69|
|Net Profit Margin||1.06%|
How did AFN perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is Ag Growth International undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AFN (CA$33.16) is trading below our estimate of fair value (CA$107.32)
Significantly Below Fair Value: AFN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AFN is poor value based on its PE Ratio (48.1x) compared to the Canadian Machinery industry average (28.5x).
PE vs Market: AFN is poor value based on its PE Ratio (48.1x) compared to the Canadian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: AFN is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: AFN's PB Ratio (2.2x) is in line with the CA Machinery industry average.
How is Ag Growth International forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AFN's forecast earnings growth (35.2% per year) is above the savings rate (1.6%).
Earnings vs Market: AFN's earnings (35.2% per year) are forecast to grow faster than the Canadian market (7.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AFN's revenue (6.1% per year) is forecast to grow slower than the Canadian market (6.3% per year).
High Growth Revenue: AFN's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AFN's Return on Equity is forecast to be high in 3 years time (23%)
How has Ag Growth International performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFN has a large one-off loss of CA$16.2M impacting its March 31 2022 financial results.
Growing Profit Margin: AFN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AFN's earnings have declined by 38.5% per year over the past 5 years.
Accelerating Growth: AFN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AFN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (32.5%).
Return on Equity
High ROE: AFN's Return on Equity (4.5%) is considered low.
How is Ag Growth International's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AFN's short term assets (CA$652.6M) exceed its short term liabilities (CA$465.6M).
Long Term Liabilities: AFN's short term assets (CA$652.6M) do not cover its long term liabilities (CA$961.6M).
Debt to Equity History and Analysis
Debt Level: AFN's net debt to equity ratio (315.5%) is considered high.
Reducing Debt: AFN's debt to equity ratio has increased from 135.7% to 336.5% over the past 5 years.
Debt Coverage: AFN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AFN's interest payments on its debt are not well covered by EBIT (1.4x coverage).
What is Ag Growth International current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFN's dividend (1.81%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: AFN's dividend (1.81%) is low compared to the top 25% of dividend payers in the Canadian market (4.99%).
Stability and Growth of Payments
Stable Dividend: AFN's dividend payments have been volatile in the past 10 years.
Growing Dividend: AFN's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (86.6%), AFN's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: AFN is paying a dividend but the company has no free cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Close (47 yo)
Mr. Tim Close, CFA has been the President and Chief Executive Officer of Ag Growth International Inc. since March 02, 2015 and January 1, 2016 respectively. Mr. Close served as Senior Vice President of Str...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD3.03M) is above average for companies of similar size in the Canadian market ($USD987.80K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Experienced Management: AFN's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: AFN's board of directors are considered experienced (9.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AFN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ag Growth International Inc.'s employee growth, exchange listings and data sources
- Name: Ag Growth International Inc.
- Ticker: AFN
- Exchange: TSX
- Founded: 1996
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Implied Market Cap: CA$604.030m
- Shares outstanding: 18.88m
- Website: https://www.aggrowth.com
Number of Employees
- Ag Growth International Inc.
- 198 Commerce Drive
- R3P 0Z6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 00:00|
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.