कंपनी का अवलोकन
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas is a diversified agricultural enterprise engaged in the acquisition, development, exploration, and sale of agricultural properties across Brazil, Paraguay, and Bolivia. The company operates through six distinct segments including Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other, positioning it within the Consumer Defensive sector under the Farm Products industry. This classification indicates that the company provides essential goods and commodities that maintain relatively stable demand regardless of economic cycles. With a market capitalization of $416.39M and annual revenue of $965.21M, the entity represents a mid-sized player in the agricultural landscape. The revenue figure of $965.21M suggests a substantial operational footprint, while the market cap of $416.39M reflects a valuation that is significantly lower than its annual sales, indicating a market perspective focused on asset quality and future potential rather than current profitability. Although the specific employee count is not disclosed in the available data, the scale of operations across three countries and multiple agricultural commodities implies a significant organizational structure capable of managing complex supply chains and regulatory environments.
वित्तीय स्वास्थ्य
The company reported revenue of $965.21M for the trailing twelve months, yet it recorded a net income of $-1,577,000 and an EBITDA of $-93,735,000. The substantial gap between the positive revenue of $965.21M and the negative net income of $-1,577,000 reveals a cost structure where operating expenses and debt servicing costs exceed gross profits, resulting in an overall loss. The free cash flow stands at $-175,079,248, which indicates a significant outflow of capital and suggests limited financial flexibility for the company to fund operations or growth initiatives without external financing. Margin analysis shows a gross margin of 4.4%, an operating margin of -8.4%, and a profit margin of -0.2%, where the negative operating and profit margins demonstrate that the company is currently losing money on its core operations. In terms of liquidity and solvency, the company holds $54.65M in cash against total debt of $1.32B, resulting in a debt-to-equity ratio of 63.66, which signifies a highly leveraged balance sheet. The current ratio of 1.61 indicates that the company has sufficient current assets to cover its short-term liabilities, though the high leverage poses risks during periods of tight credit. Return on Equity is -0.1% and Return on Assets is -1.3%, metrics that reveal management is currently generating negative returns on the capital invested by shareholders and the assets utilized by the firm.
मूल्यांकन आकलन
The trailing P/E ratio and forward P/E ratio are both listed as N/A, which implies that without positive earnings, traditional earnings-based valuation multiples cannot be calculated to project an earnings trajectory. The price-to-book ratio is 1.04, indicating that the market values the company at slightly more than its net asset book value, suggesting a modest premium over the underlying assets. The price-to-sales ratio is 0.43, while the EV/EBITDA is -17.97, where the negative EV/EBITDA reflects the negative earnings position and suggests valuation is driven primarily by asset values rather than earnings generation. The stock has traded between a 52-week low of $3.47 and a 52-week high of $4.45, and while the exact current price is not provided, the valuation metrics suggest the market is pricing the stock well below its recent highs relative to its sales base. The beta value is 0.16, which indicates that the stock price exhibits very low volatility relative to the broader market, moving significantly less than the overall index in response to market fluctuations. This low beta suggests that the stock price is less sensitive to general market movements, potentially offering a different risk profile compared to large-cap equities, although the high debt load introduces specific credit risk independent of market volatility.
Growth & Income
The revenue growth year-over-year is 24.8%, whereas earnings growth is N/A due to the negative earnings reported in the trailing twelve months. The lack of positive earnings growth relative to the strong revenue growth of 24.8% implies that the company is expanding its top line but failing to translate that expansion into profitability, possibly due to high fixed costs or leverage. For dividend payers, the dividend yield is 3.4% with a payout ratio of 112.4%, where a payout ratio exceeding 100% indicates that the company is distributing more dividends than it earns in profit, which is not sustainable given the negative net income of $-1,577,000. Because the company is currently unprofitable, it cannot sustainably pay dividends from earnings, and the high payout ratio suggests the dividends may be funded by cash reserves or debt, which is unsustainable over the long term. The overall growth and income profile is characterized by strong top-line expansion driven by a 24.8% increase in revenue, contrasted sharply by negative earnings, negative free cash flow, and an unsustainable dividend payout ratio that challenges the financial stability of the entity.