FARMLAND PARTNERS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.21 USD | +0.81% |
|
+3.41% | -10.18% |
| 01/05 | Transcript : Farmland Partners Inc., Q1 2024 Earnings Call, May 01, 2024 | |
| 30/04 | Earnings Flash (FPI) FARMLAND PARTNERS Reports Q1 Revenue $12M | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 201.6 | 252.3 | 537.9 | 676.8 | 597 | 535.8 | - | - |
| Enterprise Value (EV) 1 | 201.6 | 252.3 | 1,019 | 676.8 | 597 | 916.8 | 916.8 | 917.8 |
| P/E ratio | 170 x | -48.3 x | -70.3 x | 77.9 x | 23.5 x | -1,121 x | -320 x | 140 x |
| Yield | 2.95% | 2.3% | 1.67% | 1.85% | - | 3.08% | 2.14% | 2.14% |
| Capitalization / Revenue | 3.76 x | 4.98 x | 10.4 x | 11.1 x | 10.4 x | 9.87 x | 9.36 x | - |
| EV / Revenue | 3.76 x | 4.98 x | 19.7 x | 11.1 x | 10.4 x | 16.9 x | 16 x | - |
| EV / EBITDA | 5.53 x | 8.07 x | 39.4 x | 19.5 x | 17.9 x | 24.7 x | 22 x | 18.6 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 29,729 | 28,995 | 45,015 | 54,319 | 47,833 | 47,795 | - | - |
| Reference price 2 | 6.780 | 8.700 | 11.95 | 12.46 | 12.48 | 11.21 | 11.21 | 11.21 |
| Announcement Date | 11/03/20 | 17/03/21 | 22/02/22 | 22/02/23 | 28/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 53.56 | 50.69 | 51.74 | 61.21 | 57.47 | 54.3 | 57.22 | - |
| EBITDA 1 | 36.44 | 31.26 | 25.84 | 34.76 | 33.4 | 37.08 | 41.61 | 49.4 |
| EBIT 1 | 26.34 | 22.33 | 16.79 | 24.97 | 18 | 22.92 | - | - |
| Operating Margin | 49.17% | 44.05% | 32.44% | 40.8% | 31.32% | 42.21% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | 12.19 | 31.52 | 2.42 | - | - |
| Net income 1 | 1.324 | -5.279 | -5.86 | 8.401 | 27.79 | -0.3913 | -1.575 | 2.292 |
| Net margin | 2.47% | -10.41% | -11.33% | 13.72% | 48.35% | -0.72% | -2.75% | - |
| EPS 2 | 0.0400 | -0.1800 | -0.1700 | 0.1600 | 0.5300 | -0.0100 | -0.0350 | 0.0800 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2000 | 0.2000 | 0.2000 | 0.2300 | - | 0.3450 | 0.2400 | 0.2400 |
| Announcement Date | 11/03/20 | 17/03/21 | 22/02/22 | 22/02/23 | 28/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 20.05 | 13.89 | 12.36 | 13.14 | 21.82 | 12.67 | 11.58 | 11.62 | 21.59 | 11.99 | 11.9 | 12.6 | 17.65 | - | - |
| EBITDA 1 | 13.63 | 6.762 | 5.758 | 7.131 | 15.11 | 7.088 | 5.4 | 6.317 | 14.6 | 8.582 | 6 | 7.3 | 10.56 | - | - |
| EBIT 1 | 11.3 | 4.32 | 3.455 | 4.725 | 12.48 | 4.837 | 2.757 | 0.015 | 10.39 | 5.147 | 4.28 | 5.58 | 8.83 | - | - |
| Operating Margin | 56.35% | 31.1% | 27.96% | 35.96% | 57.18% | 38.17% | 23.8% | 0.13% | 48.12% | 42.93% | 35.97% | 44.29% | 50.03% | - | - |
| Earnings before Tax (EBT) 1 | - | - | 3.089 | 1.152 | 6.808 | 1.723 | 7.903 | 4.124 | 17.77 | 1.427 | -0.97 | 0.58 | 3.83 | - | - |
| Net income 1 | 6.285 | 0.213 | 2.06 | 0.35 | 5.741 | 0.857 | 7.001 | 3.446 | 16.48 | 0.606 | -1.966 | -1.097 | 4.298 | -1.531 | -2.437 |
| Net margin | 31.35% | 1.53% | 16.67% | 2.66% | 26.31% | 6.76% | 60.44% | 29.66% | 76.33% | 5.05% | -16.52% | -8.71% | 24.35% | - | - |
| EPS 2 | 0.2200 | - | 0.0400 | 0.0100 | 0.1100 | 0.0200 | 0.1200 | 0.0700 | 0.3100 | 0.0100 | -0.0500 | -0.0250 | 0.0950 | -0.0300 | -0.0500 |
| Dividend per Share 2 | 0.0500 | 0.0500 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | - | - | 0.0600 | 0.0600 | 0.0600 | 0.0600 | 0.0600 |
| Announcement Date | 22/02/22 | 03/05/22 | 27/07/22 | 24/10/22 | 22/02/23 | 03/05/23 | 26/07/23 | 25/10/23 | 28/02/24 | 30/04/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 481 | - | - | 381 | 381 | 382 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 18.62 x | - | - | 10.27 x | 9.156 x | 7.733 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 6.58 | 3.57 | 2.71 | - | - | - | - | - |
| Capex / Sales | 12.29% | 7.05% | 5.24% | - | - | - | - | - |
| Announcement Date | 11/03/20 | 17/03/21 | 22/02/22 | 22/02/23 | 28/02/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
11.21
USD
Average target price
13.3
USD
Spread / Average Target
+18.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.18% | 536M | |
| -13.06% | 66.45B | |
| +9.23% | 45.93B | |
| -15.45% | 42.32B | |
| +7.63% | 22.08B | |
| -23.89% | 20.83B | |
| +8.28% | 11.77B | |
| +8.09% | 2.5B | |
| -10.77% | 2.14B | |
| -23.18% | 1.05B |
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- Financials Farmland Partners Inc.