Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Análise de ações

Visão geral da empresa

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria operates primarily as an agricultural enterprise focused on the production of agricultural commodities across Brazil and various other nations within Latin America. Beyond its core agricultural operations, the company diversifies its portfolio through segments dedicated to agricultural business activities, urban properties, and strategic investments. The firm is classified within the Industrials sector and specifically functions under the Conglomerates industry, indicating a diversified operational structure that spans multiple economic activities rather than a single focused vertical. With a market capitalization of $852.62M and annual revenue reaching $1.02T, the company represents a significant entity in its regional context, though the lack of publicly disclosed employee count limits a precise assessment of its workforce scale. The revenue figure of $1.02T suggests substantial operational breadth, while the market cap of $852.62M implies that the market values the company at less than one dollar for every dollar of trailing annual revenue, a valuation characteristic often found in capital-intensive conglomerates with large revenue bases relative to their equity market value.

Saúde financeira

The company reported a total revenue of $1.02T for the trailing twelve months, generating a net income of $195.70B and an EBITDA of $205.69B. The substantial gap between the reported revenue and the net income reveals a highly leveraged cost structure where interest expenses and non-operating costs significantly erode the bottom line, as evidenced by the net income being nearly 19.2% of revenue. However, the free cash flow stands at $-180,016,742,400, indicating that the company's operational cash generation is insufficient to cover capital expenditures and debt servicing, which severely constrains financial flexibility and necessitates reliance on external financing or asset monetization. Despite the negative cash flow, the balance sheet holds $720.09B in cash against a total debt obligation of $2.05T, highlighting a highly leveraged position where liabilities exceed liquid assets by a wide margin. This leverage is quantified by a debt-to-equity ratio of 78.53, confirming that the company utilizes significant debt financing to fund its operations, while the current ratio of 1.43 suggests that the company maintains sufficient short-term liquid assets to cover its current liabilities without immediate default risk. Management effectiveness is further scrutinized through return metrics, with a Return on Equity of 21.0% demonstrating strong efficiency in generating shareholder value relative to equity invested, whereas the Return on Assets of 2.3% indicates that the massive asset base is generating relatively low returns per dollar of assets employed.

Avaliação de valorização

The trailing twelve-month P/E ratio stands at 5.68, while the forward P/E is listed as 114.76, a disparity that implies the market is pricing in a significant divergence between current earnings performance and future earnings expectations. The price-to-book ratio is recorded at 0.98, indicating that the stock trades at a slight discount to its book value, suggesting the market may not be assigning a premium to the company's underlying asset value. Alternative valuation metrics such as the price-to-sales ratio of 0.00 and an EV/EBITDA of 13.80 suggest that traditional revenue multiples are not applicable due to the scale of revenue relative to price, while the EV/EBITDA provides a measure of enterprise value relative to operating earnings that sits in a moderate range for capital-intensive industries. The stock price has fluctuated between a 52-week low of $8.19 and a 52-week high of $14.21, with the current trading price positioned within this historical range, reflecting market volatility driven by sector-specific factors rather than a clear trend toward the upper or lower bounds. The beta value is 0.10, which indicates that the stock price exhibits minimal volatility relative to the broader market, moving less than one-tenth as much as the market index and suggesting a defensive characteristic often associated with utility-like or essential commodity businesses.

Growth & Income

Revenue growth for the trailing twelve months is reported at 20.3%, while earnings growth reaches 182.3% year-over-year, indicating that earnings are expanding at a rate significantly faster than revenue. This divergence implies that the company is benefiting from operating leverage, cost reductions, or changes in business mix that allow profitability to accelerate disproportionately to top-line sales. For dividend payers, the company offers a dividend yield of 5.2% with a payout ratio of 30.8%, suggesting that the current dividend payments are highly sustainable given the robust earnings growth and low payout percentage relative to total income. The overall growth and income profile presents a scenario of accelerating profitability supported by high earnings growth rates and a conservative dividend policy that preserves capital for reinvestment or debt reduction amidst significant leverage.