Ag Growth International Inc., together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. More Details
Reasonable growth potential and slightly overvalued.
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
Stable Share Price: AFN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AFN underperformed the Canadian Machinery industry which returned -9.8% over the past year.
Return vs Market: AFN underperformed the Canadian Market which returned -5.5% over the past year.
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
1 week ago | Simply Wall StAg Growth International (TSE:AFN) Use Of Debt Could Be Considered Risky
4 weeks ago | Simply Wall StEstimating The Fair Value Of Ag Growth International Inc. (TSE:AFN)
1 month ago | Simply Wall StReflecting on Ag Growth International's (TSE:AFN) Share Price Returns Over The Last Three Years
Is Ag Growth International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AFN (CA$27.43) is trading below our estimate of fair value (CA$29.83)
Significantly Below Fair Value: AFN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AFN is unprofitable, so we can't compare its PE Ratio to the CA Machinery industry average.
PE vs Market: AFN is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFN is good value based on its PB Ratio (1.6x) compared to the CA Machinery industry average (2.9x).
How is Ag Growth International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AFN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: AFN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AFN's is expected to become profitable in the next 3 years.
Revenue vs Market: AFN's revenue (7.6% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: AFN's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AFN's Return on Equity is forecast to be high in 3 years time
How has Ag Growth International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFN is currently unprofitable.
Growing Profit Margin: AFN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AFN is unprofitable, but has reduced losses over the past 5 years at a rate of 1.7% per year.
Accelerating Growth: Unable to compare AFN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AFN is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (53.6%).
Return on Equity
High ROE: AFN has a negative Return on Equity (-14.02%), as it is currently unprofitable.
How is Ag Growth International's financial position?
Financial Position Analysis
Short Term Liabilities: AFN's short term assets (CA$472.5M) exceed its short term liabilities (CA$275.1M).
Long Term Liabilities: AFN's short term assets (CA$472.5M) do not cover its long term liabilities (CA$914.5M).
Debt to Equity History and Analysis
Debt Level: AFN's debt to equity ratio (267.8%) is considered high.
Reducing Debt: AFN's debt to equity ratio has increased from 128.9% to 267.8% over the past 5 years.
Debt Coverage: AFN's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: AFN is unprofitable, therefore interest payments are not well covered by earnings.
What is Ag Growth International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFN's dividend (2.19%) is higher than the bottom 25% of dividend payers in the Canadian market (1.7%).
High Dividend: AFN's dividend (2.19%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).
Stability and Growth of Payments
Stable Dividend: AFN's dividend payments have been volatile in the past 10 years.
Growing Dividend: AFN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: AFN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: AFN's dividends in 3 years are forecast to be well covered by earnings (22.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Close (46 yo)
Mr. Tim Close, CFA has been the President and Chief Executive Officer of Ag Growth International Inc. since March 2, 2015 and January 1, 2016 respectively. Mr. Close served as Senior Vice President of Stra ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD1.78M) is above average for companies of similar size in the Canadian market ($USD851.87K).
Compensation vs Earnings: Tim's compensation has increased whilst the company is unprofitable.
|Special Advisor & Director||14.58yrs||CA$156.75k||0.047% |
|Executive Vice President of North America||0.58yr||CA$610.11k||0.081% |
|Executive Vice President of Global Engineering||0.58yr||CA$610.11k||0.081% |
|Executive Vice President of International||1.33yrs||CA$1.52m||0.016% |
|Chief Financial Officer||0.083yr||no data||no data|
|Senior VP of Legal||4.75yrs||no data||0.031% |
|Senior Vice President of Marketing & Customer Experience||3.75yrs||CA$703.80k||0.022% |
|Senior Vice President of Corporate Development||0.58yr||no data||no data|
|Senior Vice President of Human Resources||3.58yrs||CA$859.75k||no data|
|Senior Vice President of Farm||4.92yrs||CA$337.50k||no data|
|Senior Vice President of Commercial||4.92yrs||CA$345.94k||no data|
Experienced Management: AFN's management team is considered experienced (3.7 years average tenure).
|Special Advisor & Director||14.58yrs||CA$156.75k||0.047% |
|Independent Director||7.58yrs||CA$239.99k||no data|
|Independent Chairman of the Board||13.83yrs||CA$226.55k||0.41% |
|Independent Director||13.92yrs||CA$180.19k||0.048% |
|Independent Director||1.83yrs||CA$215.79k||no data|
|Independent Director||13.92yrs||CA$272.78k||0.013% |
|Independent Director||7.58yrs||CA$259.07k||no data|
|Independent Director||0.58yr||no data||no data|
Experienced Board: AFN's board of directors are considered experienced (7.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AFN insiders have only sold shares 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 company bio, 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
- Market Cap: CA$537.251m
- Shares outstanding: 18.71m
- Website: https://www.aggrowth.com
Number of Employees
- Ag Growth International Inc.
- 198 Commerce Drive
- R3P 0Z6
|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|
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||2020/10/27 00:05|
|End of Day Share Price||2020/10/26 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.