company background image
AGFY

Agrify NasdaqCM:AGFY Stock Report

Last Price

US$2.24

Market Cap

US$59.6m

7D

4.7%

1Y

-82.9%

Updated

24 Jun, 2022

Data

Company Financials +
AGFY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

AGFY Stock Overview

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States.

Agrify Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Agrify
Historical stock prices
Current Share PriceUS$2.24
52 Week HighUS$35.94
52 Week LowUS$1.92
Beta0
1 Month Change-6.67%
3 Month Change-53.53%
1 Year Change-82.89%
3 Year Changen/a
5 Year Changen/a
Change since IPO-82.42%

Recent News & Updates

Jun 07

Agrify Corporation: The 'Backdoor' Weed Play

Today, we put small-cap Agrify Corporation in the spotlight for the first time. The company is seeing impressive revenue growth supplying cultivation solutions to the hemp and cannabis industries. A full investment analysis follows in the paragraphs below.

May 14
Agrify Corporation (NASDAQ:AGFY) Just Reported Earnings, And Analysts Cut Their Target Price

Agrify Corporation (NASDAQ:AGFY) Just Reported Earnings, And Analysts Cut Their Target Price

Agrify Corporation ( NASDAQ:AGFY ) shareholders are probably feeling a little disappointed, since its shares fell 3.5...

Shareholder Returns

AGFYUS MachineryUS Market
7D4.7%1.7%6.6%
1Y-82.9%-20.6%-18.5%

Return vs Industry: AGFY underperformed the US Machinery industry which returned -23.4% over the past year.

Return vs Market: AGFY underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is AGFY's price volatile compared to industry and market?
AGFY volatility
AGFY Average Weekly Movement13.3%
Machinery Industry Average Movement5.9%
Market Average Movement8.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: AGFY is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: AGFY's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2016139Raymond Changhttps://www.agrify.com

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction.

Agrify Fundamentals Summary

How do Agrify's earnings and revenue compare to its market cap?
AGFY fundamental statistics
Market CapUS$59.56m
Earnings (TTM)-US$37.54m
Revenue (TTM)US$78.87m

0.8x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGFY income statement (TTM)
RevenueUS$78.87m
Cost of RevenueUS$68.93m
Gross ProfitUS$9.94m
Other ExpensesUS$47.48m
Earnings-US$37.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.41
Gross Margin12.61%
Net Profit Margin-47.59%
Debt/Equity Ratio31.8%

How did AGFY perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AGFY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGFY?

Other financial metrics that can be useful for relative valuation.

AGFY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA-1.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does AGFY's PS Ratio compare to its peers?

AGFY PS Ratio vs Peers
The above table shows the PS ratio for AGFY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.5x

Price-To-Sales vs Peers: AGFY is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (2.5x).


Price to Earnings Ratio vs Industry

How does AGFY's PE Ratio compare vs other companies in the U.S. Machinery Industry?

Price-To-Sales vs Industry: AGFY is good value based on its Price-To-Sales Ratio (0.8x) compared to the US Machinery industry average (1.4x)


Price to Sales Ratio vs Fair Ratio

What is AGFY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AGFY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: AGFY is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


Share Price vs Fair Value

What is the Fair Price of AGFY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AGFY ($2.24) is trading below our estimate of fair value ($87.01)

Significantly Below Fair Value: AGFY is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGFY's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


87.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: AGFY's revenue (37.4% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: AGFY's revenue (37.4% 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 AGFY's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Agrify performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-69.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AGFY is currently unprofitable.

Growing Profit Margin: AGFY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGFY is unprofitable, and losses have increased over the past 5 years at a rate of 69.6% per year.

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

Earnings vs Industry: AGFY is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (24%).


Return on Equity

High ROE: AGFY has a negative Return on Equity (-21.92%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Agrify's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AGFY's short term assets ($147.5M) exceed its short term liabilities ($41.9M).

Long Term Liabilities: AGFY's short term assets ($147.5M) exceed its long term liabilities ($52.2M).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if AGFY'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: AGFY has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AGFY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 80.1% each year


Discover healthy companies

Dividend

What is Agrify current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate AGFY'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 AGFY's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AGFY has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.6yrs

Average management tenure


CEO

Raymond Chang (50 yo)

3yrs

Tenure

US$5,206,051

Compensation

Mr. Raymond Nobu Chang, Jr., has been Chief Executive Officer and Chairman at Agrify Corporation since June 15, 2019 and serves as Corporate Secretary and served as President until November 10, 2021. From...


CEO Compensation Analysis

Compensation vs Market: Raymond's total compensation ($USD5.21M) is above average for companies of similar size in the US market ($USD758.64K).

Compensation vs Earnings: Raymond's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: AGFY's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: AGFY's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31%.


Top Shareholders

Company Information

Agrify Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Agrify Corporation
  • Ticker: AGFY
  • Exchange: NasdaqCM
  • Founded: 2016
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$59.565m
  • Shares outstanding: 26.59m
  • Website: https://www.agrify.com

Number of Employees


Location

  • Agrify Corporation
  • Building 3
  • 76 Treble Cove Road
  • Billerica
  • Massachusetts
  • 1862
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.