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Adecoagro S.A.

Consumer Defensive
AGRO: 

Research

  • Author: Alpha
    • 8.67 -25.06% (08/05/2025)
    • 15.00 +29.65% (14/08/2025)
    • HOLD 

    Adecoagro is a non-cyclical investment into industrial scale agriculture in South America. The business segments are Sugar, Ethanol and Energy (50% with over 50% EBITDA margin) and other Farming (50% with around 15% EBITDA margin).

    In 2024 the company has a 3% dividend yield plus 9% share repurchase program. This would have a positive effect on future ROE and EPS. Combined with <6x PE for TTM earnings the company is relative cheap (20% margin of safety).

    14/08/2024| Analyses:9
    2

  • Author: micke
    • 8.67 -11.62% (08/05/2025)
    • MONITOR (HOLD)

    2023-06-21 9.99USD. The risk for shortage does not seem to be a threat as of now. I find the financial reports a bit hard to understand and see some risks with this, and thus taking a bit hesitant approach without a clear goal.

    2022-03-13 12.34USD. I guess that there will be a global shortage of agricultural products during this and next year which will drive up prices and profits. I also guess that the oil will remain at $90-$100 levels which will keep ethanol price high. There is a lot of uncertainty but in other aspects an agricultural company gives nice diversity to my stock portfolio.

    21/06/2023| Analyses:4
    1

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