ADECOAGRO S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.84 USD | +0.61% |
|
-1.11% | -11.35% |
| May. 17 | Transcript : Adecoagro S.A., Q1 2024 Earnings Call, May 17, 2024 | |
| May. 16 | Adecoagro Q1 Adjusted Earnings Fall, Sales Rise | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 983.3 | 797.9 | 865.5 | 907.3 | 1,184 | 1,023 | - | - |
| Enterprise Value (EV) 1 | 1,661 | 1,433 | 1,483 | 1,684 | 1,686 | 1,526 | 1,534 | 1,023 |
| P/E ratio | -1,196 x | 747 x | 6.53 x | 8.47 x | 5.27 x | 9.2 x | 9.7 x | 7.57 x |
| Yield | - | - | - | - | - | 6.24% | 5.81% | - |
| Capitalization / Revenue | 1.1 x | 0.97 x | 0.79 x | 0.67 x | 0.82 x | 0.66 x | 0.69 x | 0.67 x |
| EV / Revenue | 1.86 x | 1.74 x | 1.35 x | 1.25 x | 1.17 x | 0.98 x | 1.04 x | 0.67 x |
| EV / EBITDA | 5.44 x | 4.19 x | 3.39 x | 3.89 x | 3.54 x | 2.96 x | 3.05 x | 1.98 x |
| EV / FCF | 25.7 x | 17.6 x | 10.8 x | 10.6 x | 8.81 x | 9.94 x | 8.76 x | 7.3 x |
| FCF Yield | 3.9% | 5.67% | 9.28% | 9.44% | 11.4% | 10.1% | 11.4% | 13.7% |
| Price to Book | 0.99 x | 0.86 x | 0.87 x | 0.8 x | 0.96 x | 0.78 x | 0.81 x | - |
| Nbr of stocks (in thousands) | 117,485 | 117,339 | 112,690 | 109,449 | 106,638 | 103,923 | - | - |
| Reference price 2 | 8.370 | 6.800 | 7.680 | 8.290 | 11.10 | 9.840 | 9.840 | 9.840 |
| Announcement Date | 3/12/20 | 3/11/21 | 3/14/22 | 3/9/23 | 3/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 891.6 | 822.5 | 1,098 | 1,352 | 1,442 | 1,554 | 1,472 | 1,525 |
| EBITDA 1 | 305.2 | 342 | 437.1 | 432.9 | 476.6 | 515.8 | 502.3 | 516 |
| EBIT 1 | 122.6 | 189.5 | 270.5 | 241.6 | 265 | 314.1 | 270 | - |
| Operating Margin | 13.75% | 23.04% | 24.64% | 17.88% | 18.37% | 20.21% | 18.35% | - |
| Earnings before Tax (EBT) 1 | 21.16 | 13.4 | 174.6 | 135.4 | 305.4 | 223 | 160.9 | - |
| Net income 1 | -0.772 | 1.07 | 130.7 | 108.1 | 226.3 | 190.5 | 127.9 | 144 |
| Net margin | -0.09% | 0.13% | 11.9% | 8% | 15.69% | 12.26% | 8.69% | 9.44% |
| EPS 2 | -0.007000 | 0.009100 | 1.176 | 0.9790 | 2.105 | 1.070 | 1.014 | 1.300 |
| Free Cash Flow 1 | 64.71 | 81.26 | 137.6 | 159 | 191.5 | 153.5 | 175 | 140 |
| FCF margin | 7.26% | 9.88% | 12.53% | 11.76% | 13.27% | 9.88% | 11.89% | 9.18% |
| FCF Conversion (EBITDA) | 21.2% | 23.76% | 31.48% | 36.72% | 40.18% | 29.76% | 34.84% | 27.13% |
| FCF Conversion (Net income) | - | 7,594.11% | 105.3% | 146.99% | 84.62% | 80.57% | 136.81% | 97.22% |
| Dividend per Share 2 | - | - | - | - | - | 0.6143 | 0.5722 | - |
| Announcement Date | 3/12/20 | 3/11/21 | 3/14/22 | 3/9/23 | 3/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 378.1 | 382 | 247.3 | 407.1 | 387.9 | 400.1 | 253.8 |
| EBITDA 1 | - | 122.2 | 105.8 | 89.16 | 136.3 | 155.3 | 95.76 | 90.12 |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | 19.09 | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | 0.1680 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 8/11/22 | 11/9/22 | 3/9/23 | 5/11/23 | 8/17/23 | 11/13/23 | 3/14/24 | 5/16/24 |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 678 | 635 | 618 | 777 | 503 | 503 | 511 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.222 x | 1.856 x | 1.414 x | 1.795 x | 1.054 x | 0.9752 x | 1.018 x | - |
| Free Cash Flow 1 | 64.7 | 81.3 | 138 | 159 | 191 | 154 | 175 | 140 |
| ROE (net income / shareholders' equity) | 3.93% | 0.04% | 13.5% | 11.6% | 19.2% | 14.6% | 9.37% | 10% |
| ROA (Net income/ Total Assets) | - | 0.02% | 5.16% | 4.38% | 7.21% | 3.47% | 4% | 4% |
| Assets 1 | - | 6,497 | 2,531 | 2,471 | 3,137 | 5,493 | 3,196 | 3,600 |
| Book Value Per Share 2 | 8.430 | 7.880 | 8.790 | 10.40 | 11.60 | 12.70 | 12.20 | - |
| Cash Flow per Share 2 | 2.920 | 2.180 | 3.140 | 3.350 | 4.050 | 3.460 | 2.920 | - |
| Capex 1 | 257 | 176 | 211 | 220 | 243 | 209 | 205 | 267 |
| Capex / Sales | 28.87% | 21.38% | 19.23% | 16.3% | 16.88% | 13.46% | 13.92% | 17.51% |
| Announcement Date | 3/12/20 | 3/11/21 | 3/14/22 | 3/9/23 | 3/14/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
9.84
USD
Average target price
13.25
USD
Spread / Average Target
+34.65%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -11.35% | 1.02B | |
| -0.78% | 3.12B | |
| -0.41% | 1.84B | |
| -7.40% | 1.79B | |
| +8.67% | 1.06B | |
| -14.95% | 1.02B | |
| -7.85% | 914M | |
| -3.32% | 780M | |
| -2.23% | 778M | |
| +7.20% | 654M |
- Stock Market
- Equities
- AGRO Stock
- Financials Adecoagro S.A.
