AGROAdecoagro S.A.

$11.10

Is the business good?

How good a business is AGRO?

Adecoagro S.A. earns 7.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

7.7%

Return on invested capital · cost of capital 9.0% · 1.3 points below what the capital costs: growth destroys value

Operating margin
12%

Operating margin · Consumer Defensive median 9.0% · fiscal year to FY2024

Cash conversion
0.74×

Cash conversion · 0.85× a year ago · some of the reported profit has not turned into cash yet

Share count, year on year
−4.1%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY201914%
FY202023%
FY202125%
FY202219%
FY202319%
FY202412%
Details
Gross marginfiscal year to FY2024
29%
Operating marginfiscal year to FY2024
12%
Net marginfiscal year to FY2024
6.1%
Free cash flow margin
4.5%
Revenue, trailing twelve months
$1.52B
Free cash flow, trailing twelve months
$68M
Net income, trailing twelve months
$92M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
7.7%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.