Adecoagro S.A.

NYSE:AGRO Stock Report

Market Cap: US$1.2b

Adecoagro Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: AGRO ($11.34) is trading below our estimate of fair value ($76.69)

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

Key Valuation Metric

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

Key metric: As AGRO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AGRO. This is calculated by dividing AGRO's market cap by their current earnings.
What is AGRO's PE Ratio?
PE Ratio7.3x
EarningsUS$158.52m
Market CapUS$1.16b

Price to Earnings Ratio vs Peers

How does AGRO's PE Ratio compare to its peers?

The above table shows the PE ratio for AGRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.2x
JBSS John B. Sanfilippo & Son
17.6xn/aUS$961.7m
AVO Mission Produce
39.9x-3.7%US$935.3m
DOLE Dole
9.6x-0.4%US$1.4b
KLG WK Kellogg Co
21.6x24.2%US$1.5b
AGRO Adecoagro
7.3x-15.3%US$1.2b

Price-To-Earnings vs Peers: AGRO is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (22.2x).

Price to Earnings Ratio vs Industry

How does AGRO's PE Ratio compare vs other companies in the US Food Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GCEH Global Clean Energy Holdings
2.1xn/aUS$45.02m
SEED Origin Agritech
1.8xn/aUS$14.54m
FAMI Farmmi
1.8xn/aUS$2.81m
IDBH.F Industrias Bachoco. de
0.0002xn/aUS$59.94k
AGRO 7.3xIndustry Avg. 19.2xNo. of Companies8PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AGRO is good value based on its Price-To-Earnings Ratio (7.3x) compared to the US Food industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

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

AGRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: AGRO is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AGRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.34
US$13.43
+18.4%
15.5%US$17.00US$10.50n/a7
Nov ’25US$11.31
US$13.29
+17.5%
14.8%US$17.00US$10.50n/a7
Oct ’25US$11.51
US$13.25
+15.1%
15.5%US$17.00US$10.50n/a6
Sep ’25US$11.01
US$13.67
+24.1%
16.5%US$17.00US$10.50n/a6
Aug ’25US$9.38
US$13.67
+45.7%
16.5%US$17.00US$10.50n/a6
Jul ’25US$9.93
US$13.54
+36.4%
18.0%US$17.00US$9.75n/a6
Jun ’25US$9.84
US$13.25
+34.7%
17.7%US$17.00US$9.75n/a7
May ’25US$10.86
US$13.25
+22.0%
17.7%US$17.00US$9.75n/a7
Apr ’25US$10.90
US$12.82
+17.6%
17.6%US$17.00US$9.75n/a7
Mar ’25US$10.08
US$12.82
+27.2%
17.6%US$17.00US$9.75n/a7
Feb ’25US$10.35
US$12.82
+23.9%
17.6%US$17.00US$9.75n/a7
Jan ’25US$11.10
US$12.96
+16.8%
17.7%US$17.00US$9.75n/a7
Dec ’24US$11.20
US$12.82
+14.5%
16.4%US$17.00US$9.75n/a7
Nov ’24US$10.70
US$12.61
+17.8%
18.2%US$17.00US$9.75US$11.317
Oct ’24US$11.69
US$12.18
+4.2%
19.7%US$17.00US$9.75US$11.517
Sep ’24US$11.73
US$10.96
-6.5%
14.0%US$13.00US$9.00US$11.017
Aug ’24US$10.90
US$10.84
-0.6%
15.9%US$13.00US$8.10US$9.387
Jul ’24US$9.36
US$10.26
+9.7%
15.3%US$13.00US$8.10US$9.937
Jun ’24US$8.75
US$10.26
+17.3%
15.3%US$13.00US$8.10US$9.847
May ’24US$8.48
US$10.09
+19.0%
16.2%US$13.00US$8.40US$10.867
Apr ’24US$8.09
US$10.81
+33.7%
24.3%US$15.50US$7.20US$10.907
Mar ’24US$8.15
US$10.81
+32.7%
24.3%US$15.50US$7.20US$10.087
Feb ’24US$8.46
US$11.26
+33.1%
18.7%US$15.50US$8.80US$10.357
Jan ’24US$8.29
US$11.83
+42.7%
22.7%US$16.00US$8.80US$11.107
Dec ’23US$7.78
US$11.79
+51.5%
21.3%US$16.00US$8.80US$11.208
Nov ’23US$8.59
US$12.00
+39.7%
19.2%US$16.00US$10.00US$10.708

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

JBS

R$78.1b

Engages in the processing of animal protein worldwide.

JBSA.Y

R$12.19

7D

0.9%

1Y

35.9%

Local Bounti

US$19.4m

Local Bounti Corporation grows and packs fresh greens in the United States.

LOCL

US$2.06

7D

-14.2%

1Y

-53.2%

Carlsberg

DKK 101.3b

Produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

CABG.Y

DKK 20.51

7D

-3.7%

1Y

-16.8%