Adecoagro S.A. (AGRO) vs Brasilagro Cia Brasileira De Propriedades Agricolas (LND)

Adecoagro S.A. and Brasilagro Cia Brasileira De Propriedades Agricolas are both Farm Products companies. Adecoagro S.A. is the larger, with a market value of $1.4B against $308.8M — 4.4× the size. Brasilagro Cia Brasileira De Propriedades Agricolas has negative trailing earnings, so its P/E is not meaningful; Adecoagro S.A. trades at 28.8×. Adecoagro S.A. grew revenue faster over the last twelve months: 6.22% against −14.5%. Adecoagro S.A. has the higher net margin (3.00% vs −9.73%) and the higher return on invested capital (3.50% vs −1.04%). Neither pays a dividend. Across the 19 metrics below, Adecoagro S.A. leads on 17 and Brasilagro Cia Brasileira De Propriedades Agricolas on 2.

Valuation

Metric AGRO LND Farm Products median
P/E 28.82 n/m 18.41
P/S 0.84 1.78 0.52
P/B 0.74 0.81 1.10
Price to free cash flow 23.06 n/m 16.57
EV/EBITDA 5.81 105.06 8.80
EV/Sales 1.86 3.02 0.66
Earnings yield 3.47% (5.30%) (2.36%)
Free cash flow yield 4.34% (4.22%) (4.22%)

Profitability

Metric AGRO LND Farm Products median
Gross margin 30.06% 10.42% 7.38%
Operating margin 12.09% (5.72%) 0.00%
Net margin 3.00% (9.73%) 0.32%
Free cash flow margin 3.64% 13.07% 0.00%
Return on equity 3.01% (4.46%) 2.22%
Return on assets 1.16% (2.48%) 0.00%
Return on invested capital 3.50% (1.04%) 0.00%

Growth

Metric AGRO LND Farm Products median
Revenue growth (TTM) 6.22% (14.46%) 2.15%
EPS growth (last fiscal year) (108.93%) (175.00%) (40.89%)
Revenue growth, 5-year CAGR 11.79% (5.04%) 6.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AGRO LND Farm Products median
Debt to equity 1.07 0.67 0.28
Current ratio 1.73 1.54 1.50
Net debt to EBITDA 3.06 43.14 (0.02)

Dividend

Metric AGRO LND Farm Products median
Dividend yield 0.00% 0.00% 2.60%
Payout ratio 0.00 0.00 0.70

Size

Metric AGRO LND Farm Products median
Market cap 1.37b 308.79m 318.75m

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