Ag Growth International Future Growth

Future criteria checks 5/6

Ag Growth International is forecast to grow earnings and revenue by 50.1% and 7.9% per annum respectively. EPS is expected to grow by 50.7% per annum. Return on equity is forecast to be 28.3% in 3 years.

Key information

50.1%

Earnings growth rate

50.7%

EPS growth rate

Machinery earnings growth	42.2%
Revenue growth rate	7.9%
Future return on equity	28.3%
Analyst coverage	Good
Last updated	14 Aug 2024

Recent future growth updates

Recent updates

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

May 30

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

May 08

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

May 01

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

Mar 07

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

Nov 06

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

May 10

Ag Growth International's (TSE:AFN) Stock Price Has Reduced 44% In The Past Three Years

Dec 21

Here's What We Learned About The CEO Pay At Ag Growth International Inc. (TSE:AFN)

Nov 30

Earnings and Revenue Growth Forecasts

TSX:AFN - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,789	151	161	188	3
12/31/2025	1,675	125	96	155	8
12/31/2024	1,577	76	68	123	8
6/30/2024	1,456	31	65	119	N/A
3/31/2024	1,494	54	50	100	N/A
12/31/2023	1,527	69	49	106	N/A
9/30/2023	1,521	-10	73	126	N/A
6/30/2023	1,513	-28	111	163	N/A
3/31/2023	1,513	-49	88	145	N/A
12/31/2022	1,458	-51	50	102	N/A
9/30/2022	1,411	1	-6	40	N/A
6/30/2022	1,323	-6	-34	6	N/A
3/31/2022	1,235	13	-51	-7	N/A
12/31/2021	1,199	11	-6	39	N/A
9/30/2021	1,103	12	-5	37	N/A
6/30/2021	1,071	0	2	43	N/A
3/31/2021	1,027	0	36	72	N/A
12/31/2020	1,000	-62	34	74	N/A
9/30/2020	997	-55	11	58	N/A
6/30/2020	976	-45	10	68	N/A
3/31/2020	1,010	-47	-12	50	N/A
12/31/2019	996	15	-21	40	N/A
9/30/2019	983	11	-29	30	N/A
6/30/2019	965	35	-51	1	N/A
3/31/2019	933	35	-21	27	N/A
12/31/2018	932	27	-3	41	N/A
9/30/2018	888	38	-12	30	N/A
6/30/2018	853	33	10	46	N/A
3/31/2018	814	35	N/A	32	N/A
12/31/2017	755	35	N/A	50	N/A
9/30/2017	703	31	N/A	52	N/A
6/30/2017	655	28	N/A	54	N/A
3/31/2017	574	18	N/A	56	N/A
12/31/2016	532	19	N/A	44	N/A
9/30/2016	518	17	N/A	100	N/A
6/30/2016	474	-5	N/A	88	N/A
3/31/2016	440	-1	N/A	95	N/A
12/31/2015	414	-10	N/A	81	N/A
9/30/2015	395	-23	N/A	38	N/A
6/30/2015	395	-5	N/A	26	N/A
3/31/2015	402	0	N/A	15	N/A
12/31/2014	400	4	N/A	21	N/A
9/30/2014	400	24	N/A	54	N/A
6/30/2014	401	28	N/A	59	N/A
3/31/2014	382	20	N/A	60	N/A
12/31/2013	357	23	N/A	73	N/A
9/30/2013	329	19	N/A	34	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFN's forecast earnings growth (50.1% per year) is above the savings rate (2.2%).

Earnings vs Market: AFN's earnings (50.1% per year) are forecast to grow faster than the Canadian market (15.2% per year).

High Growth Earnings: AFN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AFN's revenue (7.9% per year) is forecast to grow faster than the Canadian market (6.8% per year).

High Growth Revenue: AFN's revenue (7.9% 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 (28.3%)

Ag Growth International Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 28%

Consensus EPS estimates fall by 17%

Price target increased by 7.3% to CA$77.50

Price target increased by 13% to CA$72.10

Consensus EPS estimates increase by 149%

Price target increased by 7.7% to CA$61.36

Recent updates

Consensus EPS estimates fall by 28%

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Ag Growth International Inc. to Report Q2, 2024 Results on Aug 07, 2024

First quarter dividend of CA$0.15 announced

Ag Growth International Inc. Announces Cash Dividend for the Second Quarter Ending June 30, 2024, Payable on July 15, 2024

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

Consensus EPS estimates fall by 17%

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

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

First quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.86 in 1Q 2023)

Ag Growth International Inc. to Report Q1, 2024 Results on Apr 29, 2024

Upcoming dividend of CA$0.15 per share

New minor risk - Earnings quality

Fourth quarter dividend of CA$0.15 announced

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

Full year 2023 earnings released: EPS: CA$3.63 (vs CA$2.68 loss in FY 2022)

Ag Growth International Inc. Declares Cash Dividend for the First Quarter Ending March 31, 2024, Payable on April 15, 2024

Ag Growth International Inc., Annual General Meeting, May 21, 2024

Ag Growth International Inc. to Report Q4, 2023 Results on Mar 05, 2024

Ag Growth International Inc. Announces Fourth Quarter Cash Dividend, Payable on January 15, 2024

Ag Growth International Inc Announces the Appointment of Mary Shafer-Malicki as Director, Effective January 1, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

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

Ag Growth International Appoints Kate Glasser as Executive Vice President, Global Operations

Ag Growth International Inc. Declares Cash Dividend for the Third Quarter Ending September 30, 2023, Payable on October 16, 2023

Price target increased by 7.3% to CA$77.50

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Ag Growth International Inc. Announces Resolution of Lawsuit Related to September 2020 Bin Incident

Ag Growth International Inc. Declares Cash Dividend for the Second Quarter Ending June 30, 2023, Payable on July 14, 2023

Ag Growth International Inc. Elects Janet Giesselman as Director

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

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Ag Growth International (TSE:AFN) Is Due To Pay A Dividend Of CA$0.15

Upcoming dividend of CA$0.15 per share at 1.0% yield

Are Investors Undervaluing Ag Growth International Inc. (TSE:AFN) By 33%?

Price target increased by 13% to CA$72.10

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Ag Growth International Inc. Announces New C-Line for Farms Offers Safe, Low-Touch, Efficient Grain Transfer

AGI Introduces Next-Gen, High-Capacity Auger Series At 2023 National Farm Machinery Show

Consensus EPS estimates increase by 149%

Price target increased by 7.7% to CA$61.36

Ag Growth International Inc. Announces Board Changes

Ag Growth International Inc. to Report Q2, 2023 Results on Aug 10, 2023

Ag Growth International Inc. Announces Cash Dividend for the Fourth Quarter Ending December 31, 2022, Payable on January 13, 2022

Consensus forecasts updated

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Ag Growth International Inc. Announces Management Changes

Ag Growth International Inc. to Report Q3, 2022 Results on Nov 08, 2022

Ag Growth International (TSE:AFN) Has Announced A Dividend Of CA$0.15

Ag Growth International Inc. Announces Management Changes

Ag Growth International Inc. Declares Dividend for the Third Quarter Ending September 30, 2022, Payable on October 14, 2022

Independent Chairman of the Board recently bought CA$401k worth of stock

Second quarter 2022 earnings: Revenues exceed analyst expectations

Ag Growth International Inc. to Report Q2, 2022 Results on Aug 10, 2022

Ag Growth International Inc. Announces the Declaration of a Cash Dividend for the Second Quarter Ending June 30, 2022, Payable on July 15, 2022

Independent Chairman of the Board recently bought CA$319k worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Independent Director recently bought CA$192k worth of stock

Upcoming dividend of CA$0.15 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Ag Growth International Inc. Announces the Declaration Cash Dividend for the First Quarter Ending March 31, 2022, Payable on April 15, 2022

Ag Growth International (TSE:AFN) Seems To Be Using A Lot Of Debt

Ag Growth International Inc. to Report Q4, 2021 Results on Mar 08, 2022

Ag Growth International Inc. Announces Resolution of Fraser Grain Terminal Project

Ag Growth International Inc. (TSX:AFN) acquired Eastern Fabricators Inc. CAD 45 million.

Independent Director recently bought CA$52k worth of stock

Independent Chairman of the Board recently bought CA$274k worth of stock

Ag Growth International (TSE:AFN) Has Re-Affirmed Its Dividend Of CA$0.15

Ag Growth International (TSE:AFN) Has No Shortage Of Debt