Company Valuation: Archer-Daniels-Midland Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 37,813 51,006 38,521 24,176 27,628 39,949 - -
Change - 34.89% -24.48% -37.24% 14.28% 44.6% - -
Enterprise Value (EV) 1 46,409 59,149 45,518 33,722 35,023 47,740 47,132 46,561
Change - 27.45% -23.05% -25.92% 3.86% 36.31% -1.27% -1.21%
P/E ratio 14.1x 12x 11.2x 13.8x 25.8x 18.2x 16.4x 17x
PBR 1.7x 2.15x 1.54x 1.12x 1.22x 1.81x 1.75x 1.79x
PEG - 0.2x -0.7x -0.3x -0.7x 0x 1.5x -5.05x
Capitalization / Revenue 0.44x 0.5x 0.41x 0.28x 0.34x 0.47x 0.45x 0.43x
EV / Revenue 0.54x 0.58x 0.48x 0.39x 0.44x 0.56x 0.53x 0.51x
EV / EBITDA 9.46x 8.66x 7.33x 7.53x 9.58x 10.7x 9.77x 9.87x
EV / EBIT 15.5x 14x 11.2x 16.3x 24.6x 18.8x 16.1x 15.8x
EV / FCF 8.55x 27.4x 15.3x 27.7x 8.33x 24.7x 22.8x -
FCF Yield 11.7% 3.65% 6.52% 3.61% 12% 4.05% 4.38% -
Dividend per Share 2 1.48 1.6 1.8 2 - 2.073 2.147 2.189
Rate of return 2.19% 1.72% 2.49% 3.96% - 2.5% 2.59% 2.64%
EPS 2 4.79 7.71 6.43 3.65 2.23 4.548 5.045 4.875
Distribution rate 30.9% 20.8% 28% 54.8% - 45.6% 42.6% 44.9%
Net sales 1 85,249 1,01,848 93,935 85,530 80,269 85,716 89,458 91,891
EBITDA 1 4,907 6,830 6,207 4,476 3,657 4,445 4,827 4,719
EBIT 1 2,993 4,212 4,057 2,072 1,424 2,540 2,930 2,940
Net income 1 2,709 4,340 3,483 1,800 1,078 2,216 2,234 2,348
Net Debt 1 8,596 8,143 6,997 9,546 7,395 7,790 7,182 6,611
Reference price 2 67.59 92.85 72.22 50.52 57.49 82.89 82.89 82.89
Nbr of stocks (in thousands) 5,59,441 5,49,334 5,33,381 4,78,534 4,80,570 4,81,957 - -
Announcement Date 25/01/22 26/01/23 12/03/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.23x0.56x10.74x2.5% 3.99TCr
19.14x2.8x13.75x4.08% 25TCr
21.8x2.48x14.58x3.36% 7.9TCr
16.3x1.68x9.49x3.81% 4.61TCr
24.45x3.58x14.56x2.95% 3.97TCr
40.93x3.53x19.7x0.87% 3.32TCr
85.82x12.48x55.72x0.95% 2.96TCr
11.04x1.84x9.04x6.92% 2.75TCr
14.48x0.41x9.38x2.27% 2.45TCr
35.41x0.71x18.02x0.71% 2.27TCr
Average 28.76x 3.01x 17.50x 2.84% 5.95TCr
Weighted average by Cap. 24.15x 2.87x 15.57x 3.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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