Why is Adecoagro SA ?
1
The company has declared negative results for the last 3 consecutive quarters
- OPERATING CASH FLOW(Y) Lowest at USD 261.37 MM
- ROCE(HY) Lowest at 2.63%
- RAW MATERIAL COST(Y) Grown by 16.82% (YoY)
2
Below par performance in long term as well as near term
- Along with generating -20.85% returns in the last 1 year, the stock has also underperformed S&P 500 in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Agricultural Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Adecoagro SA for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Adecoagro SA
-20.85%
-0.24
34.81%
S&P 500
13.22%
0.65
20.20%
Quality key factors
Factor
Value
Sales Growth (5y)
12.27%
EBIT Growth (5y)
-203.92%
EBIT to Interest (avg)
0.01
Debt to EBITDA (avg)
6.50
Net Debt to Equity (avg)
0.53
Sales to Capital Employed (avg)
0.58
Tax Ratio
100.00%
Dividend Payout Ratio
38.02%
Pledged Shares
0
Institutional Holding
54.23%
ROCE (avg)
1.60%
ROE (avg)
4.86%
Valuation Key Factors 
Factor
Value
P/E Ratio
22
Industry P/E
Price to Book Value
0.70
EV to EBIT
-89.82
EV to EBITDA
9.26
EV to Capital Employed
0.81
EV to Sales
1.19
PEG Ratio
NA
Dividend Yield
2.50%
ROCE (Latest)
-0.90%
ROE (Latest)
3.16%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Technical Movement
1What is working for the Company
DIVIDEND PER SHARE(HY)
Highest at USD 8.28
-23What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD 261.37 MM
ROCE(HY)
Lowest at 2.63%
RAW MATERIAL COST(Y)
Grown by 16.82% (YoY
PRE-TAX PROFIT(Q)
Lowest at USD -34.3 MM
NET PROFIT(Q)
Lowest at USD -36.11 MM
EPS(Q)
Lowest at USD -0.18
Here's what is working for Adecoagro SA
Dividend per share
Highest at USD 8.28
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Depreciation
At USD 53.96 MM has Grown at 78.97%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (USD MM)
Here's what is not working for Adecoagro SA
Pre-Tax Profit
At USD -34.3 MM has Fallen at -417.75%
over average net sales of the previous four periods of USD -6.62 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (USD MM)
Net Profit
At USD -36.11 MM has Fallen at -424.94%
over average net sales of the previous four periods of USD 11.11 MMMOJO Watch
Near term Net Profit trend is very negative
Net Profit (USD MM)
Operating Cash Flow
Lowest at USD 261.37 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Pre-Tax Profit
Lowest at USD -34.3 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (USD MM)
Net Profit
Lowest at USD -36.11 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (USD MM)
EPS
Lowest at USD -0.18
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (USD)
Raw Material Cost
Grown by 16.82% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






