Adecoagro S.A., an agro-industrial company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America.
Reasonable growth potential and fair value.
Share Price & News
How has Adecoagro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AGRO's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AGRO underperformed the US Food industry which returned -4.1% over the past year.
Return vs Market: AGRO underperformed the US Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is Adecoagro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StAdecoagro (NYSE:AGRO) Has A Somewhat Strained Balance Sheet
2 months ago | Simply Wall StInvestors Who Bought Adecoagro (NYSE:AGRO) Shares Three Years Ago Are Now Down 33%
4 months ago | Simply Wall StHow Has Adecoagro S.A.'s (NYSE:AGRO) Performed Against The Industry?
Is Adecoagro 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: AGRO ($3.89) is trading below our estimate of fair value ($24.11)
Significantly Below Fair Value: AGRO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AGRO is unprofitable, so we can't compare its PE Ratio to the Food industry average.
PE vs Market: AGRO is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AGRO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AGRO is good value based on its PB Ratio (0.5x) compared to the US Food industry average (1.6x).
How is Adecoagro forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGRO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: AGRO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AGRO's is expected to become profitable in the next 3 years.
Revenue vs Market: AGRO's revenue (7.7% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: AGRO's revenue (7.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AGRO's Return on Equity is forecast to be low in 3 years time (11.4%).
How has Adecoagro performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGRO is currently unprofitable.
Growing Profit Margin: AGRO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AGRO is unprofitable, and losses have increased over the past 5 years at a rate of -12.7% per year.
Accelerating Growth: Unable to compare AGRO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AGRO is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-0.7%).
Return on Equity
High ROE: AGRO has a negative Return on Equity (0.033%), as it is currently unprofitable.
How is Adecoagro's financial position?
Financial Position Analysis
Short Term Liabilities: AGRO's short term assets ($649.1M) exceed its short term liabilities ($364.4M).
Long Term Liabilities: AGRO's short term assets ($649.1M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: AGRO's debt to equity ratio (94.1%) is considered high.
Reducing Debt: AGRO's debt to equity ratio has increased from 90.1% to 94.1% over the past 5 years.
Inventory Level: AGRO has a high level of physical assets or inventory.
Debt Coverage by Assets: AGRO's debt is not covered by short term assets (assets are 0.7x debt).
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: Whilst unprofitable AGRO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AGRO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.7% per year.
What is Adecoagro's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AGRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AGRO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AGRO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AGRO'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 AGRO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mariano Bosch (49yo)
Mr. Mariano Bosch has been the Chief Executive Officer of Adeco Agropecuaria S.A. and Adecoagro S.A. since 2002. Mr. Bosch is a Co-Founder of Adecoagro S.A. He serves as Independent Director at Replay Acqu ...
|Co-Founder||18.17yrs||no data||no data|
|Co-Founder and Country Manager of Argentina & Uruguay||16.17yrs||no data||no data|
|Chief Financial Officer||12.17yrs||no data||no data|
|Chief Legal Officer||15.17yrs||no data||no data|
|Investor Relations Manager||5.17yrs||no data||no data|
|Chief Sustainability Officer||no data||no data||no data|
|Director of Sugar & Ethanol Operations||6.17yrs||no data||no data|
Experienced Management: AGRO's management team is seasoned and experienced (13.7 years average tenure).
|Co-Founder||18.17yrs||no data||no data|
|Independent Director||11.17yrs||no data||no data|
|Independent Chairman||1.83yrs||no data||no data|
|Independent Director||9.17yrs||no data||no data|
|Independent Director||5.83yrs||no data||no data|
|Independent Director||18.17yrs||no data||no data|
|Independent Director||11.17yrs||no data||no data|
|Independent Director||2.17yrs||no data||no data|
|Director||1.17yrs||no data||no data|
Experienced Board: AGRO's board of directors are considered experienced (9.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Adecoagro S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Adecoagro S.A.
- Ticker: AGRO
- Exchange: NYSE
- Founded: 2002
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: US$455.465m
- Shares outstanding: 117.09m
- Website: https://www.adecoagro.com
Number of Employees
- Adecoagro S.A.
- Vertigo Naos Building
- 6, Rue Eugène Ruppert
- Luxembourg City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AGRO||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 2011|
|ACD||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 2011|
|AGRON N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Jan 2011|
|0DWL||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Jan 2011|
|ADGO||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH 1 REP 2 COM USD1.50||AR||ARS||May 2019|
Adecoagro S.A., an agro-industrial company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as fibers, including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties. It also plants, harvests, processes, and markets rice; and produces and sells milk and other dairy products. In addition, the company engages in the cultivation and processing of sugar and ethanol, as well as cogeneration of electricity from sugarcane bagasse; and identification and acquisition of underdeveloped and undermanaged farmland, and realization of value through the strategic disposition of assets. Further, it is involved in leasing of approximately 18,005 hectares of pasture land to cattle farmers in Argentina; and coffee plantation. As of December 31, 2018, the company owned a total of 231,712 hectares, including 19 farms in Argentina, 9 farms in Brazil, and 1 farm in Uruguay; 3 rice processing facilities in Argentina; and 3 dairy facilities with approximately 8,035 milking cows in Argentina. It also had 11 grain and rice conditioning and storage plants in Argentina; and 3 sugar and ethanol mills in Brazil with a sugarcane crushing capacity of 12.3 million tons, as well as had a total of 232 megawatts of installed cogeneration capacity. Adecoagro S.A. was founded in 2002 and is based in Luxembourg City, Luxembourg.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:33|
|End of Day Share Price||2020/03/30 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.