Adecoagro SA
Adecoagro S.A. is an agricultural and agro-industrial company focused on producing food, renewable energy, and fertilizers across South America. The company operates through farming and sugar, ethanol, and energy activities, with a diversified portfolio that includes crops, rice, dairy, sugarcane, ethanol, electricity, and fertilizer production. Its business model combines large-scale farming with industrial processing, allowing it to transform raw agricultural output into value-added products for food, energy, and industrial markets. Adecoagro serves customers and end markets in Argentina, Brazil, and Uruguay, where it manages farmland and industrial facilities tied to regional agricultural supply chains. Headquartered in Luxembourg, Adecoagro S.A. plays a significant role in South America’s agribusiness sector as a vertically integrated producer with exposure to essential commodities and renewable energy.
$10.03
-$0.02 (-0.20%)
EOD Oct 16, 2026
Operating margin is thin at 4.65%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.0% YoY. Margins deteriorated 7.6pp alongside, both lines moving the wrong way.
Free cash flow declined 35% versus the prior year, cash generation momentum has weakened. ROIC dropped from 7.36% to 1.67%, capital efficiency is deteriorating.
24.1x earnings, 27.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.65B
▼ -6.0% YoY
Net Income (TTM)
$61M
▼ -107.3% YoY
Op. Margin
11.48%
▼ -7.6pp YoY
ROIC
1.67%
▼ -5.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$52M
▼ -35.1% YoY
Op. Cash Flow (TTM)
$322M
▼ -11.6% YoY
Net Debt
$1.57B
Cash & Equiv.
$383M
3Y CAGR: +1.9%
3Y CAGR: -32.9%
Continue Research
Is Adecoagro SA (AGRO) overvalued?
At a P/E of 24.1 and a price-to-free-cash-flow of 27.7, Adecoagro SA (AGRO) trades above a two-stage DCF intrinsic value of about $-4.57 per share, so at $10.03 the stock looks overvalued (145.6% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Adecoagro SA scores 28/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.2%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Adecoagro SA's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $-4.57 per share for AGRO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $-3.43. At today's $10.03, that puts the stock about 145.6% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Adecoagro SA a high-quality business?+
Adecoagro SA scores 28 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 11.5% operating margin and a 1.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Adecoagro SA (AGRO) pay a dividend, and how much?+
Yes, Adecoagro SA pays a regular dividend of about $0.12 per share per year (typically in quarterly installments), a yield of roughly 1.2% at the current price. That is a payout ratio of about 28.8% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AGRO's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Adecoagro SA a good stock to buy right now?+
That depends on valuation and quality together, not either alone. AGRO currently trades above its estimated intrinsic value and scores 28/100 on quality (lower-quality). It also yields about 1.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.