Added to YB: 2026-03-19
Pitch date: 2026-03-16
AGRO [bullish]
Adecoagro S.A.
+1.75%
current return
Author Info
No bio for this author
Company Info
Adecoagro S.A., engages in agricultural and agro-industrial activities in Argentina, Brazil, Chile, and Uruguay.
Market Cap
$1.6B
Pitch Price
$11.52
Price Target
46.00 (+291%)
Dividend
3.16%
EV/EBITDA
7.57
P/E
27.34
EV/Sales
2.27
Sector
Food Products
Category
value
$AGRO | Adecoagro | The Argentine Fertilizer & Agriculture Macro Hedge Nobody Holds
AGRO: Argentine agribusiness+fertilizer play. Acquired 90% of Profertil (Argentina's urea monopoly) at 3x EBITDA, generating ~$390M/yr. Iran war disrupts 45% global urea supply; prices up 50%. Sugar/ethanol biz adds $300M EBITDA. Conservative base: $22/share (5.5x EV/EBITDA on Profertil+5x on sugar/ethanol). Bull: $46 if EBITDA hits $500M+multiples expand to 7x. Under-owned despite NYSE listing; Argentine investors prefer physical farmland. Low float (~20%), $8M avg daily volume. Strong buyback/dividend history ($280M since 2022). Sits on Vaca Muerta gas reserves. Bear risk: Argentina macro, commodity cycle, $600M acquisition debt.
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