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FDGE

Farmers EdgeTSX:FDGE Stock Report

Market Cap

CA$142.1m

7D

-2.3%

1Y

n/a

Updated

02 Dec, 2021

Data

Company Financials +
FDGE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

FDGE Stock Overview

Farmers Edge Inc. develops digital agriculture solutions in North America, Brazil, Australia, and Eastern Europe.

Farmers Edge Competitors

Deere

NYSE:DE

US$107.1b

Bayer

XTRA:BAYN

€43.7b

Price History & Performance

Summary of all time highs, changes and price drops for Farmers Edge
Historical stock prices
Current Share PriceCA$3.36
52 Week HighCA$21.00
52 Week LowCA$3.20
Beta0
1 Month Change-40.21%
3 Month Change-38.01%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-83.18%

Recent News & Updates

Nov 02
Is Farmers Edge (TSE:FDGE) In A Good Position To Deliver On Growth Plans?

Is Farmers Edge (TSE:FDGE) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

FDGECA SoftwareCA Market
7D-2.3%-2.1%-3.7%
1Yn/a32.7%20.6%

Return vs Industry: Insufficient data to determine how FDGE performed against the Canadian Software industry.

Return vs Market: Insufficient data to determine how FDGE performed against the Canadian Market.

Price Volatility

Is FDGE's price volatile compared to industry and market?
FDGE volatility
FDGE Average Weekly Movement9.5%
Software Industry Average Movement12.1%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market3.5%

Stable Share Price: FDGE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: FDGE's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005500Wade Barneshttps://www.farmersedge.ca

Farmers Edge Inc. develops digital agriculture solutions in North America, Brazil, Australia, and Eastern Europe. It offers FarmCommand, a cloud-based analytics software platform that provides real-time monitoring, alerts, predictive models, and outcome-based data recommendations offered through web-based platform, mobile app, and universal terminal. The Company sells its platform solutions through a network of channel partners comprising crop input manufacturers and retailers, seed and crop protection companies, equipment manufacturers, grain companies, insurance companies and agencies, and food manufacturers.

Farmers Edge Fundamentals Summary

How do Farmers Edge's earnings and revenue compare to its market cap?
FDGE fundamental statistics
Market CapCA$142.07m
Earnings (TTM)-CA$63.69m
Revenue (TTM)CA$41.98m

3.4x

P/S Ratio

-2.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FDGE income statement (TTM)
RevenueCA$41.98m
Cost of RevenueCA$41.65m
Gross ProfitCA$327.00k
ExpensesCA$64.02m
Earnings-CA$63.69m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.52
Gross Margin0.78%
Net Profit Margin-151.73%
Debt/Equity Ratio0.8%

How did FDGE perform over the long term?

See historical performance and comparison

Valuation

Is Farmers Edge undervalued compared to its fair value and its price relative to the market?

1.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FDGE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FDGE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FDGE is unprofitable, so we can't compare its PE Ratio to the Canadian Software industry average.

PE vs Market: FDGE 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 FDGE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FDGE is good value based on its PB Ratio (1.2x) compared to the CA Software industry average (5x).


Future Growth

How is Farmers Edge forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

38.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDGE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FDGE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FDGE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FDGE's revenue (35.4% per year) is forecast to grow faster than the Canadian market (5.6% per year).

High Growth Revenue: FDGE's revenue (35.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FDGE's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Farmers Edge performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDGE is currently unprofitable.

Growing Profit Margin: FDGE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FDGE is unprofitable, but has reduced losses over the past 5 years at a rate of 4.3% per year.

Accelerating Growth: Unable to compare FDGE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FDGE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (35.4%).


Return on Equity

High ROE: FDGE has a negative Return on Equity (-51.79%), as it is currently unprofitable.


Financial Health

How is Farmers Edge's financial position?


Financial Position Analysis

Short Term Liabilities: FDGE's short term assets (CA$88.1M) exceed its short term liabilities (CA$17.7M).

Long Term Liabilities: FDGE's short term assets (CA$88.1M) exceed its long term liabilities (CA$6.8M).


Debt to Equity History and Analysis

Debt Level: FDGE has more cash than its total debt.

Reducing Debt: Insufficient data to determine if FDGE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: FDGE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FDGE has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 5.9% each year.


Dividend

What is Farmers Edge current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FDGE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FDGE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FDGE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FDGE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FDGE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Wade Barnes (46 yo)

no data

Tenure

Mr. Wade Barnes is Co-Founder & Chief Executive Officer at Farmers Edge Inc. and serves as its Director since 2014. Prior to founding Farmers Edge, Mr. Barnes held a position as a Territory Manager at Unit...


Leadership Team

Experienced Management: FDGE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: FDGE's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FDGE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: FDGE only recently listed within the past 12 months.


Top Shareholders

Company Information

Farmers Edge Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Farmers Edge Inc.
  • Ticker: FDGE
  • Exchange: TSX
  • Founded: 2005
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$142.069m
  • Shares outstanding: 41.91m
  • Website: https://www.farmersedge.ca

Number of Employees


Location

  • Farmers Edge Inc.
  • 25 Rothwell Road
  • Winnipeg
  • Manitoba
  • R3P 2M5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 00:09
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.