Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Aktienanalyse

Unternehmensübersicht

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria operates as a diversified entity primarily engaged in the production of agricultural commodities across Brazil and other Latin American nations, while simultaneously managing urban properties and investment portfolios through its distinct business segments. The company is classified within the Industrials sector under the Conglomerates industry, a classification that reflects its complex structure spanning multiple operational verticals including agriculture and real estate development. Cresud holds a total market capitalization of $855.45M and reports an annual revenue of $1.02T, though specific employee headcount data is not disclosed in the available records. These valuation and revenue metrics indicate a significant enterprise size, suggesting the company commands substantial market presence and capital resources relative to typical agricultural conglomerates in the region.

Finanzielle Gesundheit

The financial performance of Cresud is characterized by a trailing twelve-month revenue of $1.02T and a net income of $195.70B, supported by an EBITDA figure of $205.69B. The substantial gap between the reported revenue and net income, when analyzed alongside the specific figures provided, reveals a distinct cost structure where operating expenses and taxes consume a significant portion of top-line growth before reaching the bottom line. However, the company's financial flexibility is currently constrained by a reported free cash flow of $-180,016,742,400, indicating a net cash outflow that requires careful management of capital expenditures or working capital cycles. Despite this cash burn, the balance sheet maintains a cash reserve of $720.09B against a total debt obligation of $2.05T, resulting in a debt-to-equity ratio of 78.53. This leverage level, combined with the massive debt figure relative to cash on hand, suggests a highly leveraged balance sheet typical of capital-intensive conglomerates. Liquidity is assessed via a current ratio of 1.43, which indicates that the company possesses sufficient current assets to cover its short-term liabilities with a 43% buffer above the par level. Efficiency and management effectiveness are further illuminated by a return on equity of 21.0% and a return on assets of 2.3%, highlighting a scenario where equity holders are rewarded handsomely while the broader asset base generates a lower yield.

Bewertungsanalyse

Valuation multiples for Cresud show a trailing P/E ratio of 5.62 compared to a forward P/E of 115.14, a stark divergence that implies the market expects a dramatic shift in earnings trajectory or is pricing in significant future volatility. The price-to-book ratio stands at 9.80, indicating that the market values the company at nearly ten times its book value, which suggests a high premium assigned to its intangible assets or future growth prospects rather than tangible book equity. Alternative valuation metrics include a price-to-sales ratio of 0.00 and an EV/EBITDA of 13.80, figures that collectively suggest the market is decoupling current price from historical sales figures while valuing earnings power at a moderate multiple relative to enterprise value. Price momentum is observed within a 52-week trading range bounded by a high of $14.21 and a low of $8.19, placing the current share price contextually within this established band of volatility. The stock exhibits a beta of 0.20, which signifies that the share price is significantly less volatile than the broader market and tends to move with a dampened amplitude relative to general equity market fluctuations.

Growth & Income

Growth dynamics are defined by a revenue growth rate of 20.3% year-over-year and an earnings growth rate of 182.3% year-over-year, demonstrating that net income is expanding at a pace more than eight times faster than sales. This disproportionate growth rate implies that the company may be benefiting from significant operational leverage, cost synergies, or one-time gains that are accelerating profitability faster than top-line expansion. As a dividend payer, Cresud offers a dividend yield of 5.2% with a payout ratio of 30.8%, indicating that the distribution of cash to shareholders is currently sustainable given the robust earnings growth and high return on equity metrics. The relatively low payout ratio allows the company to retain a majority of its earnings for reinvestment, supporting the aggressive earnings growth while still providing an attractive income stream for investors.