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AGT Food and Ingredients

TSX:AGT
Snowflake Description

Adequate balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGT
TSX
CA$538M
Market Cap
  1. Home
  2. CA
  3. Food, Beverage & Tobacco
Company description

AGT Food and Ingredients Inc. produces and exports pulses, staple foods, and food ingredients worldwide. The last earnings update was 20 days ago. More info.


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AGT Share Price and Events
7 Day Returns
0.1%
TSX:AGT
-0.3%
CA Food
0.6%
CA Market
1 Year Returns
8.7%
TSX:AGT
-1.5%
CA Food
4.4%
CA Market
AGT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AGT Food and Ingredients (AGT) 0.1% 0.6% 7.4% 8.7% -55.7% 1.2%
CA Food -0.3% 3.5% 13.3% -1.5% 12% 55.1%
CA Market 0.6% 2.2% 8.8% 4.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • AGT outperformed the Food industry which returned -1.5% over the past year.
  • AGT outperformed the Market in Canada which returned 4.4% over the past year.
Price Volatility
AGT
Industry
5yr Volatility vs Market

Value

 Is AGT Food and Ingredients undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AGT Food and Ingredients to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AGT Food and Ingredients.

TSX:AGT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:AGT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.678 (1 + (1- 26.5%) (106.65%))
1.14
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.14 * 5.96%)
8.74%

Discounted Cash Flow Calculation for TSX:AGT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AGT Food and Ingredients is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:AGT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.74%)
2019 10.00 Analyst x1 9.20
2020 18.00 Analyst x1 15.22
2021 25.29 Est @ 40.5% 19.67
2022 32.61 Est @ 28.93% 23.32
2023 39.40 Est @ 20.84% 25.91
2024 45.38 Est @ 15.17% 27.44
2025 50.47 Est @ 11.2% 28.07
2026 54.72 Est @ 8.43% 27.98
2027 58.27 Est @ 6.48% 27.40
2028 61.25 Est @ 5.12% 26.49
Present value of next 10 years cash flows CA$230.70
TSX:AGT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$61.25 × (1 + 1.95%) ÷ (8.74% – 1.95%)
CA$918.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$918.75 ÷ (1 + 8.74%)10
CA$397.34
TSX:AGT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$230.70 + CA$397.34
CA$628.05
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$628.05 / 29.95
CA$20.97
TSX:AGT Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$20.97
Current discount Discount to share price of CA$17.95
= -1 x (CA$17.95 - CA$20.97) / CA$20.97
14.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AGT Food and Ingredients is available for.
Intrinsic value
14%
Share price is CA$17.95 vs Future cash flow value of CA$20.97
Current Discount Checks
For AGT Food and Ingredients to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AGT Food and Ingredients's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • AGT Food and Ingredients's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AGT Food and Ingredients's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AGT Food and Ingredients's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AGT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-2.22
TSX:AGT Share Price ** TSX (2019-04-16) in CAD CA$17.95
Canada Food Industry PE Ratio Median Figure of 11 Publicly-Listed Food Companies 15.16x
Canada Market PE Ratio Median Figure of 556 Publicly-Listed Companies 15.47x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AGT Food and Ingredients.

TSX:AGT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AGT Share Price ÷ EPS (both in CAD)

= 17.95 ÷ -2.22

-8.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AGT Food and Ingredients is loss making, we can't compare its value to the CA Food industry average.
  • AGT Food and Ingredients is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does AGT Food and Ingredients's expected growth come at a high price?
Raw Data
TSX:AGT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
121.8%per year
North America Food Industry PEG Ratio Median Figure of 34 Publicly-Listed Food Companies 1.84x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AGT Food and Ingredients, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AGT Food and Ingredients's assets?
Raw Data
TSX:AGT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$4.54
TSX:AGT Share Price * TSX (2019-04-16) in CAD CA$17.95
Canada Food Industry PB Ratio Median Figure of 25 Publicly-Listed Food Companies 1.89x
Canada Market PB Ratio Median Figure of 2,369 Publicly-Listed Companies 1.52x
TSX:AGT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AGT Share Price ÷ Book Value per Share (both in CAD)

= 17.95 ÷ 4.54

3.96x

* Primary Listing of AGT Food and Ingredients.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AGT Food and Ingredients is overvalued based on assets compared to the CA Food industry average.
X
Value checks
We assess AGT Food and Ingredients's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. AGT Food and Ingredients has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AGT Food and Ingredients expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
121.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AGT Food and Ingredients expected to grow at an attractive rate?
  • Unable to compare AGT Food and Ingredients's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare AGT Food and Ingredients's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • AGT Food and Ingredients's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:AGT Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:AGT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 121.8%
TSX:AGT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.9%
Canada Food Industry Earnings Growth Rate Market Cap Weighted Average 23.3%
Canada Food Industry Revenue Growth Rate Market Cap Weighted Average 6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:AGT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AGT Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,807 62 -7 1
2019-12-31 1,928 54 -6 4
TSX:AGT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,552 57 -54
2018-09-30 1,590 -20 -61
2018-06-30 1,580 -15 -57
2018-03-31 1,628 -26 -40
2017-12-31 1,735 -22 -39
2017-09-30 1,927 47 -34
2017-06-30 2,046 60 -10
2017-03-31 2,033 68 -12
2016-12-31 1,973 53 21
2016-09-30 1,901 13 51
2016-06-30 1,821 1 37
2016-03-31 1,761 -11 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AGT Food and Ingredients is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • AGT Food and Ingredients's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:AGT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from AGT Food and Ingredients Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AGT Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.28 -0.28 -0.28 1.00
2019-12-31 -0.24 0.04 -0.52 2.00
TSX:AGT Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -2.22
2018-09-30 -2.50
2018-06-30 -2.35
2018-03-31 -1.65
2017-12-31 -1.63
2017-09-30 -1.41
2017-06-30 -0.43
2017-03-31 -0.52
2016-12-31 0.88
2016-09-30 2.16
2016-06-30 1.56
2016-03-31 1.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AGT Food and Ingredients is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AGT Food and Ingredients's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AGT Food and Ingredients has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AGT Food and Ingredients performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AGT Food and Ingredients's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AGT Food and Ingredients does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare AGT Food and Ingredients's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AGT Food and Ingredients's 1-year growth to the CA Food industry average as it is not currently profitable.
Earnings and Revenue History
AGT Food and Ingredients's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AGT Food and Ingredients Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AGT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,551.94 -53.75 96.95
2018-09-30 1,589.58 -60.64 92.68
2018-06-30 1,580.01 -57.01 87.83
2018-03-31 1,628.42 -39.91 88.68
2017-12-31 1,735.29 -39.44 90.29
2017-09-30 1,927.02 -33.88 94.16
2017-06-30 2,045.97 -10.38 95.57
2017-03-31 2,033.32 -12.39 89.20
2016-12-31 1,973.20 21.05 90.72
2016-09-30 1,900.61 51.49 91.54
2016-06-30 1,821.08 36.82 84.85
2016-03-31 1,760.64 42.51 85.13
2015-12-31 1,704.48 16.05 78.23
2015-09-30 1,524.22 -9.73 69.19
2015-06-30 1,449.18 1.61 65.15
2015-03-31 1,430.77 11.09 63.14
2014-12-31 1,356.82 19.76 61.09
2014-09-30 1,333.93 25.42 58.47
2014-06-30 1,286.70 18.40 54.88
2014-03-31 1,173.62 -0.12 52.69
2013-12-31 1,138.77 -9.72 51.07
2013-09-30 1,010.85 -7.05 49.86
2013-06-30 979.32 -3.54 49.49
2013-03-31 934.36 3.66 47.45
2012-12-31 855.33 6.81 46.12
2012-09-30 839.58 4.32 44.78
2012-06-30 821.18 -7.33 46.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if AGT Food and Ingredients has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AGT Food and Ingredients has efficiently used its assets last year compared to the CA Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AGT Food and Ingredients improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AGT Food and Ingredients's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AGT Food and Ingredients has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AGT Food and Ingredients's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AGT Food and Ingredients's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AGT Food and Ingredients is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AGT Food and Ingredients's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AGT Food and Ingredients's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AGT Food and Ingredients Company Filings, last reported 3 months ago.

TSX:AGT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 255.51 573.34 18.51
2018-09-30 225.34 538.91 28.29
2018-06-30 304.11 493.16 28.73
2018-03-31 359.42 529.24 22.00
2017-12-31 370.25 494.69 21.36
2017-09-30 438.95 404.75 18.50
2017-06-30 287.75 561.54 17.87
2017-03-31 290.92 581.18 19.11
2016-12-31 302.62 567.72 29.03
2016-09-30 352.67 512.29 21.51
2016-06-30 351.21 504.89 24.49
2016-03-31 366.53 534.46 28.00
2015-12-31 356.92 495.80 22.31
2015-09-30 291.92 383.70 41.91
2015-06-30 316.21 374.65 46.93
2015-03-31 322.90 368.57 37.48
2014-12-31 322.07 342.39 29.32
2014-09-30 254.04 368.96 29.08
2014-06-30 257.07 365.67 29.96
2014-03-31 251.30 389.65 20.27
2013-12-31 234.34 341.41 22.89
2013-09-30 240.65 342.54 22.91
2013-06-30 253.92 330.39 34.25
2013-03-31 267.89 355.84 36.77
2012-12-31 269.85 300.26 33.11
2012-09-30 268.96 264.79 32.71
2012-06-30 274.60 269.37 32.50
  • AGT Food and Ingredients's level of debt (224.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (145.8% vs 224.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making AGT Food and Ingredients has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making AGT Food and Ingredients has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -20.9% per year.
X
Financial health checks
We assess AGT Food and Ingredients's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AGT Food and Ingredients has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AGT Food and Ingredients's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AGT Food and Ingredients dividends. Estimated to be 0% next year.
If you bought CA$2,000 of AGT Food and Ingredients shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AGT Food and Ingredients's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AGT Food and Ingredients's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:AGT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Canada Food Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:AGT Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
TSX:AGT Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.000 0.000
2018-09-19 0.600 3.482
2018-06-06 0.600 3.626
2018-03-20 0.600 3.663
2017-12-19 0.600 3.061
2017-09-15 0.600 2.818
2017-06-14 0.600 2.445
2017-03-22 0.600 2.146
2016-12-13 0.600 1.725
2016-08-10 0.600 1.628
2016-06-15 0.600 1.760
2016-03-21 0.600 1.573
2015-11-09 0.600 1.754
2015-08-11 0.600 2.112
2015-06-18 0.600 1.931
2015-03-23 0.600 2.100
2014-11-12 0.600 2.214
2014-08-13 0.600 2.215
2014-06-20 0.600 2.796
2014-03-24 0.600 3.286
2013-11-12 0.600 3.497
2013-08-12 0.600 3.791
2013-06-27 0.600 3.797
2013-03-25 0.600 4.628
2012-12-13 0.600 4.669
2012-09-20 0.600 4.657
2012-06-18 0.600 4.130
2012-03-27 0.600 4.875
2011-11-14 0.600 3.284
2011-08-11 0.600 2.713
2011-05-31 0.600 2.437
2011-03-30 0.540 2.321
2010-12-20 0.540 1.873
2010-09-20 0.540 1.820
2010-06-28 0.540 1.786
2010-03-23 0.540 1.658
2010-03-22 0.544 1.592
2009-12-09 0.540 1.680
2009-04-20 0.548 2.910

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AGT Food and Ingredients has not reported any payouts.
  • Unable to verify if AGT Food and Ingredients's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AGT Food and Ingredients's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AGT Food and Ingredients has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of AGT Food and Ingredients's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess AGT Food and Ingredients's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AGT Food and Ingredients afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AGT Food and Ingredients has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AGT Food and Ingredients's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Murad Al-Katib
COMPENSATION CA$2,310,500
CEO Bio

Mr. Murad Al-Katib serves as the Chief Executive Officer and President at AGT Food and Ingredients Inc. Mr. Al-Katib is the Founder, Chief Executive Officer, President and Director of Alliance Pulse Processors Inc. Mr. Al-Katib served as Chairman of the Board of Trustees of Alliance Grain Traders Inc. since January 2008 and Trustee since August 1, 2007. In 2005, he was elected to Board of Directors of the Canadian Special Crops Association (CSCA) and Pulse Canada, the national association for the pulses and specialty crops industry. He served as the President of the CSCA and Vice Chair of Pulse Canada since 2006. Also in 2006, he was appointed to the Advisory Board for Small and Medium Enterprise for the Canadian Minister of International Trade, David Emerson. He has been a Director of AGT Food and Ingredients Inc. since August 01, 2007. He served as a Trustee of Alliance Grain Traders Inc. since August 1, 2007. In October 2004, Mr. Al-Katib was selected as the Prairie Regional Winner of the Ernst and Young Emerging Entrepreneur of the year for 2004. In May 2005, he was named one of Canada's Top 40 under 40 years old in Canada by the Caldwell Partners and the Globe and Mail. In 2006, Murad was awarded a Saskatchewan Centennial Medal as an outstanding business leader by Saskatchewan's Lieutenant- Governor. Mr. Al-Katib graduated from the University of Saskatchewan with a Bachelor of Commerce with Distinction in Finance and finished his Master of International Management with Distinction from the American Graduate School of International Management (Thunderbird) in Arizona.

CEO Compensation
  • Murad's compensation has been consistent with company performance over the past year.
  • Murad's remuneration is higher than average for companies of similar size in Canada.
Management Team

Hüseyin Arslan

TITLE
Executive Chairman
COMPENSATION
CA$1M

Murad Al-Katib

TITLE
President
COMPENSATION
CA$2M

Lori Ireland

TITLE
Chief Financial Officer
COMPENSATION
CA$706K
TENURE
11.7 yrs

Gaetan Bourassa

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
TENURE
11.7 yrs

John Gardner

TITLE
VP & Director
COMPENSATION
CA$122K
AGE
64

Brian Lever

TITLE
Managing Director of AGT Foods Africa
COMPENSATION
CA$425K

Omer Al-Katib

TITLE
Director of Corporate Affairs & Investor Relations

Robin Pache

TITLE
Managing Director of AGT Foods - Switzerland
COMPENSATION
CA$623K
Board of Directors Tenure

Average tenure and age of the AGT Food and Ingredients board of directors in years:

4.8
Average Tenure
61
Average Age
  • The tenure for the AGT Food and Ingredients board of directors is about average.
Board of Directors

Murad Al-Katib

TITLE
President
COMPENSATION
CA$2M
TENURE
11.7 yrs

Howard Rosen

TITLE
Vice Chairman & Lead Independent Director
COMPENSATION
CA$182K

Hüseyin Arslan

TITLE
Executive Chairman
COMPENSATION
CA$1M
TENURE
10.3 yrs

John Gardner

TITLE
VP & Director
COMPENSATION
CA$122K
AGE
64
TENURE
7.8 yrs

Greg Stewart

TITLE
Director
COMPENSATION
CA$96K
TENURE
2.8 yrs

Marie-Lucie Morin

TITLE
Director
COMPENSATION
CA$91K
AGE
61
TENURE
2.8 yrs

Drew Franklin

TITLE
Director
COMPENSATION
CA$86K
TENURE
6.8 yrs

Geoff Belsher

TITLE
Director
TENURE
0.8 yrs

Brad Martin

TITLE
Director
AGE
58
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
17. Oct 18 Buy Gaetan Bourassa Individual 16. Oct 18 16. Oct 18 43 CA$17.75 CA$763
17. Oct 18 Buy Lori Ireland Individual 16. Oct 18 16. Oct 18 26 CA$17.75 CA$461
17. Oct 18 Buy Murad Al-Katib Individual 16. Oct 18 16. Oct 18 264 CA$17.75 CA$4,686
01. Oct 18 Buy Gaetan Bourassa Individual 28. Sep 18 28. Sep 18 938 CA$17.99 CA$16,874
01. Oct 18 Buy Lori Ireland Individual 28. Sep 18 28. Sep 18 349 CA$17.99 CA$6,278
01. Oct 18 Buy Murad Al-Katib Individual 28. Sep 18 28. Sep 18 1,772 CA$17.99 CA$31,877
18. Jul 18 Buy Gaetan Bourassa Individual 13. Jul 18 13. Jul 18 42 CA$14.81 CA$622
18. Jul 18 Buy Lori Ireland Individual 13. Jul 18 13. Jul 18 68 CA$14.81 CA$1,007
18. Jul 18 Buy Murad Al-Katib Individual 13. Jul 18 13. Jul 18 300 CA$14.81 CA$4,443
27. Apr 18 Buy John Gardner Individual 26. Apr 18 26. Apr 18 3,000 CA$16.47 CA$49,395
X
Management checks
We assess AGT Food and Ingredients's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AGT Food and Ingredients has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Is AGT Food and Ingredients Inc's (TSE:AGT) Share Price Doing?

AGT Food and Ingredients Inc (TSE:AGT), a food company based in Canada,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on AGT Food and Ingredients’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Why AGT Food and Ingredients Inc's (TSE:AGT) Ownership Structure Is Important

In this article, I will take a quick look at AGT Food and Ingredients Inc’s (TSE:AGT) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for AGT Food and Ingredients

Simply Wall St -

Are AGT Food and Ingredients Inc's (TSE:AGT) Interest Costs Too High?

AGT Food and Ingredients Inc (TSE:AGT) is a small-cap stock with a market capitalization of CA$367.91m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Spotlight On AGT Food and Ingredients Inc's (TSE:AGT) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on AGT Food and Ingredients Inc (TSE:AGT) due to its excellent fundamentals in more than one area. … a excellent

Simply Wall St -

Does AGT Food and Ingredients Inc (TSE:AGT) Have A Place In Your Portfolio?

See our latest analysis for AGT Food and Ingredients Here's how I find good dividend stocks When researching a dividend stock, I always follow the following screening criteria: Is its annual yield among the top 25% of dividend-paying companies? … TSX:AGT Historical Dividend Yield Jun 6th 18 How does AGT Food and Ingredients fare? … Relative to peers, AGT Food and Ingredients generates a yield of 3.76%, which is high for Food stocks but still below the market's top dividend payers.Next Steps: Considering the dividend attributes we analyzed above, AGT Food and Ingredients is definitely worth keeping an eye on for someone looking to build a dedicated income portfolio.

Simply Wall St -

AGT Food and Ingredients Inc (TSE:AGT) Investors Are Paying Above The Intrinsic Value

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (CA$, Millions) CA$-1.00 CA$27.50 CA$31.86 CA$36.91 CA$42.77 Source Analyst x1 Analyst x2 Extrapolated @ (15.86%) Extrapolated @ (15.86%) Extrapolated @ (15.86%) Present Value Discounted @ 12.84% CA$-0.89 CA$21.60 CA$22.18 CA$22.77 CA$23.38 Present Value of 5-year Cash Flow (PVCF)= CA$89 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = CA$43 × (1 + 2.1%) ÷ (12.8% – 2.1%) = CA$408 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = CA$408 / ( 1 + 12.8%)5 = CA$223 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is CA$312. … TSX:AGT Intrinsic Value Apr 27th 18 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

3 Days Left Before AGT Food and Ingredients Inc (TSE:AGT) Will Start Trading Ex-Dividend, Should You Buy?

See our latest analysis for AGT Food and Ingredients 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Does it pay an annual yield higher than 75% of dividend payers? … Compared to its peers, AGT Food and Ingredients produces a yield of 3.77%, which is high for Food stocks but still below the market's top dividend payers. … Next Steps: With this in mind, I definitely rank AGT Food and Ingredients as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

Simply Wall St -

March Best Dividend Payers

AGT Food and Ingredients, National Bank of Canada, and Power Financial all share one thing in common. … TSX:AGT Historical Dividend Yield Mar 3rd 18 National Bank of Canada (TSX:NA) National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. … TSX:NA Historical Dividend Yield Mar 3rd 18 Power Financial Corporation (TSX:PWF) Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia.

Simply Wall St -

How Financially Strong Is AGT Food and Ingredients Inc (TSX:AGT)?

How does AGT’s operating cash flow stack up against its debt? … Moreover, AGT has generated CA$30.0M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 0.05x, meaning that AGT’s debt is not appropriately covered by operating cash. … AGT’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Should You Buy AGT Food and Ingredients Inc (TSX:AGT)?

A question to answer is whether AGT's current trading price of CA$19.94 reflective of the actual value of the small-cap? … According to my valuation, the intrinsic value for the stock is CA$27.31, but it is currently trading at CA$19.94 on the share market, meaning that there is still an opportunity to buy now. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.

Simply Wall St -

Company Info

Description

AGT Food and Ingredients Inc. produces and exports pulses, staple foods, and food ingredients worldwide. It operates through three segments: Pulse and Grain Processing; Bulk Handling and Distribution; and Food Ingredients and Packaged Foods. The company offers lentils, peas, chickpeas, beans, popcorn, canary seed, flax, and other specialty seeds. The company also produces pulse proteins, fibers, starches, and flours for food ingredient and industrial uses; milled durum wheat products, such as semolina and pasta under the Arbella brand; and bulgur wheat, as well as medium grain and long grain milled rice. In addition, it offers retail and foodservice dry packaged and canned foods under the CLIC, Pouyoukas, and Freshpop brands; and distributes durum, sorghum, popcorn, coffee, canola, sugar, spices, and various seeds. The company was formerly known as Alliance Grain Traders Inc. and changed its name to AGT Food and Ingredients Inc. in October 2014. AGT Food and Ingredients Inc. was incorporated in 2009 and is headquartered in Regina, Canada.

Details
Name: AGT Food and Ingredients Inc.
AGT
Exchange: TSX
Founded: 2009
CA$537,617,254
29,950,822
Website: http://www.agtfoods.com
Address: AGT Food and Ingredients Inc.
6200 East Primrose Green Drive,
Regina,
Saskatchewan, S4V 3L7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AGT Common Shares The Toronto Stock Exchange CA CAD 28. Mar 2005
OTCPK AGXX.F Common Shares Pink Sheets LLC US USD 28. Mar 2005
DB G5A Common Shares Deutsche Boerse AG DE EUR 28. Mar 2005
TSX AGT Fund Units The Toronto Stock Exchange CA CAD 28. Mar 2005
Number of employees
Current staff
Staff numbers
2,200
AGT Food and Ingredients employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 00:30
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.