NasdaqGS:CRES.Y

Stock Analysis Report

Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria

Executive Summary

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRES.Y's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.8%

CRES.Y

1.2%

US Real Estate

0.3%

US Market


1 Year Return

-60.3%

CRES.Y

11.3%

US Real Estate

12.5%

US Market

Return vs Industry: CRES.Y underperformed the US Real Estate industry which returned 11.3% over the past year.

Return vs Market: CRES.Y underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

CRES.YIndustryMarket
7 Day-12.8%1.2%0.3%
30 Day-16.8%7.1%4.1%
90 Day-25.9%7.6%5.6%
1 Year-60.3%-60.3%12.3%11.3%15.0%12.5%
3 Year-67.3%-67.9%33.9%30.7%49.1%39.4%
5 Year-58.5%-59.3%11.7%8.1%62.8%44.7%

Price Volatility Vs. Market

How volatile is Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRES.Y ($4.48) is trading below our estimate of fair value ($21.82)

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


Price To Earnings Ratio

PE vs Industry: CRES.Y is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

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


Price to Book Ratio

PB vs Industry: CRES.Y is good value based on its PB Ratio (1x) compared to the US Real Estate industry average (1.6x).


Next Steps

Future Growth

How is Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

39.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: Insufficient data to determine if CRES.Y's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CRES.Y's revenue 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 CRES.Y's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria performed over the past 5 years?

-55.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRES.Y has large one-off items impacting its financial results.

Growing Profit Margin: CRES.Y's current net profit margins (-23%) are lower than last year (-8.3%).


Past Earnings Growth Analysis

Earnings Trend: CRES.Y is unprofitable, and losses have increased over the past 5 years at a rate of -55.8% per year.

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

Earnings vs Industry: CRES.Y is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-28.2%).


Return on Equity

High ROE: CRES.Y has a negative Return on Equity (-32.56%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria's financial position?


Financial Position Analysis

Short Term Liabilities: CRES.Y's short term assets (ARS153.1B) exceeds its short term liabilities (ARS89.6B)

Long Term Liabilities: CRES.Y's short term assets (153.1B) do not cover its long term liabilities (329.4B)


Debt to Equity History and Analysis

Debt Level: CRES.Y's debt to equity ratio (375.6%) is considered high

Reducing Debt: CRES.Y's debt to equity ratio has increased from 179.3% to 375.6% over the past 5 years.


Balance Sheet

Inventory Level: CRES.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: CRES.Y's debt is not covered by short term assets (assets are 0.5x 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 CRES.Y has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CRES.Y is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.8% per year.


Next Steps

Dividend

What is Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

Dividend Coverage: CRES.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria's salary, the management and board of directors tenure and is there insider trading?

9.9yrs

Average management tenure


CEO

Alejandro Gustavo Elsztain (53yo)

25.8yrs

Tenure

0

Mr. Alejandro Gustavo Elsztain has been the Chief Executive Officer of IRSA Propiedades Comerciales S.A. since 2002, Executive Vice Chairman since 2003 also has been its General Manager since 2002. Mr. Els ...


Management Age and Tenure

9.9yrs

Average Tenure

53yo

Average Age

Experienced Management: CRES.Y's management team is seasoned and experienced (9.9 years average tenure).


Board Age and Tenure

15.0yrs

Average Tenure

66yo

Average Age

Experienced Board: CRES.Y's board of directors are seasoned and experienced ( 15 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Alejandro Gustavo Elsztain (53yo)

    Second Vice Chairman

    • Tenure: 25.8yrs
  • Gil Kotler (53yo)

    Chief Financial Officer of Israel

    • Tenure: 3.8yrs
  • Carlos María Blousson (56yo)

    CEO of International Operation and GM of Argentina & Bolivia Operations

    • Tenure: 11.8yrs
  • Alejandro Gustavo Casaretto (67yo)

    Chief Regional Agricultural Officer

    • Tenure: 11.1yrs
  • Matias Ivan Gaivironsky (43yo)

    Chief Financial & Administrative Officer

    • Tenure: 7.9yrs
  • Saul Lapidus Lapidot (40yo)

    Chief Executive Officer of Israel

    • Tenure: 3.8yrs

Board Members

  • Eduardo Sergio Elsztain (59yo)

    Chairman

    • Tenure: 25.8yrs
  • Fernando Adrian Elsztain (58yo)

    Non-Independent Director

    • Tenure: 15yrs
  • Alejandro Gustavo Elsztain (53yo)

    Second Vice Chairman

    • Tenure: 25.8yrs
  • Saul Zang (74yo)

    First Vice Chairman

    • Tenure: 16.8yrs
  • Alejandro Bartolome (65yo)

    Independent Director

    • Tenure: 0.08yrs
  • Alejandro Gustavo Casaretto (67yo)

    Chief Regional Agricultural Officer

    • Tenure: 11.1yrs
  • Gabriel Adolfo Reznik (61yo)

    Independent Director

    • Tenure: 16.8yrs
  • Jorge Oscar Fernández (80yo)

    Independent Director

    • Tenure: 16.8yrs
  • Pedro Damaso Labaqui Palacio (76yo)

    Independent Director

    • Tenure: 13.1yrs
  • Daniel Mellicovsky (71yo)

    Independent Director

    • Tenure: 11.1yrs

Company Information

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria
  • Ticker: CRES.Y
  • Exchange: NasdaqGS
  • Founded: 1936
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: AR$17.119b
  • Listing Market Cap: AR$287.382m
  • Shares outstanding: 488.87m
  • Website: https://www.cresud.com.ar

Number of Employees


Location

  • Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria
  • Moreno 877
  • 23rd Floor
  • Buenos Aires
  • Capital Federal
  • C1091AAQ
  • Argentina

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRESBASE (Buenos Aires Stock Exchange)YesCommon StockARARSJan 1992
CRES.YNasdaqGS (Nasdaq Global Select)SPONS ADR EACH REP 10 COM ARS1USUSDMar 1997
CD8DB (Deutsche Boerse AG)SPONS ADR EACH REP 10 COM ARS1DEEURMar 1997

Biography

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural b ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 23:34
End of Day Share Price2019/11/11 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.