Bedrijfsoverzicht
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas is primarily engaged in the acquisition, development, exploration, and sale of agricultural properties within Brazil, Paraguay, and Bolivia, operating through six distinct segments that include Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other operations. The company functions within the Consumer Defensive sector, specifically categorized under the Farm Products industry, which generally implies a business model focused on producing essential goods that experience less demand fluctuation compared to luxury items. As of the latest reporting period, the enterprise holds a market capitalization of $410.42M and generates annual revenue of $965.21M, while specific employee count data is not publicly disclosed in the available records. These financial figures indicate that the company operates with a substantial asset base and revenue stream, positioning it as a mid-sized player in the agricultural real estate landscape with significant operational reach across multiple South American nations.
Financiële gezondheid
The company reported a total revenue of $965.21M for the trailing twelve months, yet this generated a net income of $-1,577,000 and an EBITDA of $-93,735,000, revealing a significant cost structure where operating expenses and losses substantially erode the top-line revenue before arriving at the bottom line. The free cash flow stands at $-175,079,248, indicating that the company is currently burning cash rather than generating liquidity, which suggests limited financial flexibility for capital expenditures or debt repayment without external financing or asset sales. Margins across the business are under pressure, with a gross margin of 4.4%, an operating margin of -8.4%, and a profit margin of -0.2%, collectively indicating that the company is struggling to cover its operational costs and generate profit from its core agricultural activities. The balance sheet reflects a highly leveraged position with total debt of $1.32B compared to cash reserves of $54.65M, supported by a debt-to-equity ratio of 63.66, which signifies that the company relies heavily on borrowed funds relative to shareholder equity. Liquidity metrics show a current ratio of 1.61, suggesting that the company holds sufficient current assets to cover its short-term liabilities, though this buffer must be weighed against the aggressive debt load and negative cash flow. Return on equity is recorded at -0.1% and return on assets at -1.3%, metrics that reveal management is currently unable to generate positive returns on the capital invested by shareholders or the assets employed in the business.
Waarderingsbeoordeling
Trailing and forward P/E ratios are both listed as N/A due to the company's negative earnings, meaning traditional price-to-earnings comparisons are not applicable for assessing value based on profitability. The price-to-book ratio is 1.03, indicating that the market values the company at roughly equivalent to its book value without a significant premium or discount, a common valuation characteristic for companies in distress or those with heavy asset bases like agricultural land. Alternative valuation metrics provide further insight, showing a price-to-sales ratio of 0.43 and an EV/EBITDA of -17.91, which suggests the market is pricing the stock based on sales revenue rather than earnings power, often seen in cyclical or turnaround situations. The stock has traded between a 52-week high of $4.45 and a 52-week low of $3.47, meaning the current valuation sits within this historical range but is constrained by the lack of positive earnings growth to drive higher multiples. The beta 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 and potentially offering a hedge against market fluctuations despite the underlying financial challenges.
Growth & Income
Revenue growth year-over-year stands at 24.8%, while earnings growth is listed as N/A because the company is currently unprofitable, implying that revenue expansion is not yet translating into bottom-line improvements due to the high cost structure or operational losses. As a dividend payer, the company offers a dividend yield of 3.4% with a payout ratio of 112.4%, a figure that exceeds 100% and indicates that the company is distributing more dividends than it earns in net income, relying on cash reserves or debt to fund these payments. This unsustainable payout ratio suggests that the dividend is at risk of being cut if the company continues to generate negative earnings and free cash flow, as it cannot be supported by current operational profitability. The overall growth and income profile presents a dichotomy where top-line sales are expanding rapidly, yet the capital structure remains fragile due to negative earnings, high debt, and a dividend policy that is not fully backed by retained earnings.