Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESW) 주식 분석

회사 개요

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESW) operates as an agricultural entity focused on the production of agricultural commodities across Brazil and other Latin American nations, while simultaneously managing its portfolio through urban properties and investment activities. Although specific sector and industry classifications are not disclosed in the available data, the company's operational scope clearly positions it within the broader agribusiness and real estate sectors, which typically involve significant capital expenditure and exposure to global commodity price fluctuations. The financial metrics provided indicate a massive scale of operations, with reported annual revenue reaching $1.02T, yet the company's market cap is listed as N/A, creating a notable discrepancy between operational output and current market valuation. Furthermore, the number of employees is recorded as N/A, which limits the ability to assess labor intensity or workforce size relative to its revenue generation. The absence of a disclosed market cap figure suggests that either the data point is unavailable or the company's valuation structure differs from standard public listings, while the revenue figure of $1.02T implies an exceptionally large operational footprint if accurate, or potentially indicates a data anomaly given the context of its other financial ratios.

재무 건전성

The company reported revenue of $1.02T, net income of $195.70B, and EBITDA of $205.69B for the trailing twelve months, highlighting a significant gap between gross earnings and final profit that underscores a substantial cost structure or non-operating expenses affecting the bottom line. This disparity between the $1.02T revenue and $195.70B net income reveals that while top-line sales are immense, the cost of goods sold, operating expenses, or other deductions consume a considerable portion of earnings before reaching the net profit figure. The free cash flow stands at $-180,016,742,400, indicating a negative cash generation scenario that suggests the company is burning cash despite high reported earnings, which severely limits its current financial flexibility for capital expenditures or acquisitions without external funding. Despite the negative cash flow, the company holds $720.09B in cash assets against $2.05T in total debt, resulting in a debt-to-equity ratio of 78.53, which signifies a highly leveraged balance sheet reliant on debt financing to support its assets. The current ratio is 1.43, suggesting that the company possesses sufficient liquid assets to cover its short-term liabilities, though this liquidity buffer must be weighed against the massive debt obligations and negative operating cash flow. Return on equity is 21.0% while return on assets is only 2.3%, revealing that management is generating strong returns on shareholders' equity but struggling to generate returns relative to the total asset base, likely due to the high leverage inflating the equity return metric.

밸류에이션 평가

Trailing P/E and forward P/E ratios are both listed as N/A, meaning there is insufficient data to calculate traditional earnings-based valuations or to discern any difference between current earnings expectations and future projected earnings trajectories. The price-to-book ratio is 0.03, indicating that the market is valuing the company at a fraction of its book value, which typically suggests a deep discount to asset value or potential concerns regarding asset quality and future earnings sustainability. Price-to-sales and EV/EBITDA metrics are also unavailable, preventing an analysis of how the market values the company relative to its revenue generation or enterprise value-adjusted earnings. The stock has traded between a 52-week high of $0.03 and a 52-week low of $0.00, and given the high of $0.03 and the current context of the price-to-book ratio, the trading range suggests extreme volatility or a suspension of normal price discovery mechanisms. The beta is 0.20, which indicates that the stock price exhibits significantly lower volatility relative to the broader market, moving less than one-fifth of the market's overall swings.

Growth & Income

Revenue growth year-over-year is 20.3%, while earnings growth year-over-year is a staggering 182.3%, demonstrating that earnings are expanding at a rate nearly nine times faster than revenue, which implies potential one-time gains, accounting adjustments, or leverage effects driving profitability disproportionately. The company does not pay dividends, as indicated by the N/A status for both dividend yield and payout ratio, meaning it retains all earnings for reinvestment into its agricultural operations and property portfolio rather than distributing cash to shareholders. Consequently, the growth profile for Cresud is entirely dependent on capital appreciation and operational expansion rather than income generation through dividend distributions. The overall financial picture presents a high-growth, non-dividend paying entity with aggressive earnings expansion but significant cash burn and high leverage that investors must evaluate carefully against the available cash reserves.