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Stocks · Consumer staples · Agricultural Production-Crops

Adecoagro S.A.

AGRO Clue Score52
Luxembourg Fiscal year ends December CIK 0001499505
$10.24 -2.10% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $10.24 +15.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue869.2Operating income184.6Net income11.6EPS, diluted0.09Fiscal year 2017Revenue933.2 +7.4%Operating income129.6Net income13.2 +14.1%EPS, diluted0.11 +14.9%Fiscal year 2018Revenue793.2 −15.0%Operating income156.5Net income−24.6 −286.6%EPS, diluted−0.21 −295.4%Fiscal year 2019Revenue887.1 +11.8%Operating income121.4Net income−0.8EPS, diluted−0.01Fiscal year 2020Revenue817.8 −7.8%Operating income189.1Net income0.4EPS, diluted0.00Fiscal year 2021Revenue1,124.4 +37.5%Operating income278.0Net income130.7 +31,615.8%EPS, diluted1.13 +37,566.7%Fiscal year 2022Revenue1,347.7 +19.9%Operating income249.8Net income108.1 −17.2%EPS, diluted0.98 −13.4%Fiscal year 2023Revenue1,298.9 −3.6%Operating income241.6Net income226.3 +109.3%EPS, diluted2.11 +115.0%Fiscal year 2024Revenue1,518.9 +16.9%Operating income182.3Net income92.3 −59.2%EPS, diluted0.90 −57.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 869.2 933.2 793.2 887.1 817.8 1,124.4 1,347.7 1,298.9 1,518.9
Growth +7.4% −15.0% +11.8% −7.8% +37.5% +19.9% −3.6% +16.9%
Operating income 184.6 129.6 156.5 121.4 189.1 278.0 249.8 241.6 182.3
Net income 11.6 13.2 −24.6 −0.8 0.4 130.7 108.1 226.3 92.3
Growth +14.1% −286.6% +31,615.8% −17.2% +109.3% −59.2%
EPS, diluted 0.09 0.11 −0.21 −0.01 0.00 1.13 0.98 2.11 0.90
Growth +14.9% −295.4% +37,566.7% −13.4% +115.0% −57.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin35.7%Operating margin21.2%Net margin1.3%Free cash flow margin14.2%Fiscal year 2017Gross margin25.6%Operating margin13.9%Net margin1.4%Free cash flow margin4.1%Fiscal year 2018Gross margin25.0%Operating margin19.7%Net margin−3.1%Free cash flow margin1.4%Fiscal year 2019Gross margin32.3%Operating margin13.7%Net margin−0.1%Free cash flow margin7.9%Fiscal year 2020Gross margin41.0%Operating margin23.1%Net margin0.1%Free cash flow margin10.8%Fiscal year 2021Gross margin43.1%Operating margin24.7%Net margin11.6%Free cash flow margin13.3%Fiscal year 2022Gross margin34.5%Operating margin18.5%Net margin8.0%Free cash flow margin11.3%Fiscal year 2023Gross margin32.0%Operating margin18.6%Net margin17.4%Free cash flow margin14.9%Fiscal year 2024Gross margin28.6%Operating margin12.0%Net margin6.1%Free cash flow margin4.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 35.7% 25.6% 25.0% 32.3% 41.0% 43.1% 34.5% 32.0% 28.6%
Operating margin 21.2% 13.9% 19.7% 13.7% 23.1% 24.7% 18.5% 18.6% 12.0%
Net margin 1.3% 1.4% −3.1% −0.1% 0.1% 11.6% 8.0% 17.4% 6.1%
Free cash flow margin 14.2% 4.1% 1.4% 7.9% 10.8% 13.3% 11.3% 14.9% 4.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow255.4Capital expenditure−132.4Free cash flow123.0Buybacks−4.8Fiscal year 2017Operating cash flow237.1Capital expenditure−198.6Free cash flow38.6 −68.7%Buybacks−38.4Dividends paid−2.9Fiscal year 2018Operating cash flow218.5Capital expenditure−207.1Free cash flow11.4 −70.3%Buybacks−15.7Dividends paid−0.4Fiscal year 2019Operating cash flow322.1Capital expenditure−252.5Free cash flow69.7 +508.7%Buybacks−4.3Dividends paid−0.5Fiscal year 2020Operating cash flow257.1Capital expenditure−168.5Free cash flow88.6 +27.2%Buybacks−4.4Dividends paid−2.5Fiscal year 2021Operating cash flow348.7Capital expenditure−199.3Free cash flow149.4 +68.6%Buybacks−66.5Dividends paid−0.3Fiscal year 2022Operating cash flow370.0Capital expenditure−217.8Free cash flow152.3 +1.9%Buybacks−36.8Dividends paid−35.0Fiscal year 2023Operating cash flow434.9Capital expenditure−241.6Free cash flow193.3 +27.0%Buybacks−26.2Dividends paid−35.0Fiscal year 2024Operating cash flow328.3Capital expenditure−260.2Free cash flow68.1 −64.8%Buybacks−66.9Dividends paid−35.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 255.4 237.1 218.5 322.1 257.1 348.7 370.0 434.9 328.3
Capital expenditure −132.4 −198.6 −207.1 −252.5 −168.5 −199.3 −217.8 −241.6 −260.2
Free cash flow 123.0 38.6 11.4 69.7 88.6 149.4 152.3 193.3 68.1
Growth −68.7% −70.3% +508.7% +27.2% +68.6% +1.9% +27.0% −64.8%
Buybacks −4.8 −38.4 −15.7 −4.3 −4.4 −66.5 −36.8 −26.2 −66.9
Dividends paid n/a −2.9 −0.4 −0.5 −2.5 −0.3 −35.0 −35.0 −35.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash158.6Total debt430.3Net cash (debt)−271.7Shareholders’ equity700.3Debt to equity0.61Fiscal year 2017Cash269.2Total debt663.1Net cash (debt)−393.9Shareholders’ equity673.9Debt to equity0.98Fiscal year 2018Cash273.6Total debt718.5Net cash (debt)−444.8Shareholders’ equity1,063.6Debt to equity0.68Fiscal year 2019Cash290.3Total debt780.2Net cash (debt)−489.9Shareholders’ equity988.3Debt to equity0.79Fiscal year 2020Cash336.3Total debt813.5Net cash (debt)−477.2Shareholders’ equity925.0Debt to equity0.88Fiscal year 2021Cash199.8Total debt705.5Net cash (debt)−505.7Shareholders’ equity1,011.7Debt to equity0.70Fiscal year 2022Cash230.7Total debt728.0Net cash (debt)−497.3Shareholders’ equity1,126.1Debt to equity0.65Fiscal year 2023Cash339.8Total debt697.8Net cash (debt)−358.1Shareholders’ equity1,229.1Debt to equity0.57Fiscal year 2024Cash211.2Total debt680.0Net cash (debt)−468.8Shareholders’ equity1,369.2Debt to equity0.50
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 158.6 269.2 273.6 290.3 336.3 199.8 230.7 339.8 211.2
Total debt 430.3 663.1 718.5 780.2 813.5 705.5 728.0 697.8 680.0
Net cash (debt) −271.7 −393.9 −444.8 −489.9 −477.2 −505.7 −497.3 −358.1 −468.8
Shareholders’ equity 700.3 673.9 1,063.6 988.3 925.0 1,011.7 1,126.1 1,229.1 1,369.2
Debt to equity 0.61 0.98 0.68 0.79 0.88 0.70 0.65 0.57 0.50

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Revenue and profit
869.2 933.2 793.2 887.1 817.8 1,124.4 1,347.7 1,298.9 1,518.9
Growth +7.4% −15.0% +11.8% −7.8% +37.5% +19.9% −3.6% +16.9%
678.6 766.7 610.0 671.2 611.9 855.0 1,075.7 973.2 1,198.7
310.3 238.5 198.6 286.4 335.6 484.2 465.6 415.4 434.8
Growth −23.1% −16.8% +44.2% +17.2% +44.3% −3.8% −10.8% +4.7%
50.8 57.3 56.1 57.2 53.4 69.8 84.3 70.3 103.9
184.6 129.6 156.5 121.4 189.1 278.0 249.8 241.6 182.3
Growth −29.8% +20.8% −22.4% +55.7% +47.1% −10.2% −3.3% −24.5%
27.2 10.0 −24.3 21.2 13.4 174.6 135.4 305.4 35.1
12.9 −5.0 −1.0 20.8 12.3 43.8 26.8 78.7 −57.0
11.6 13.2 −24.6 −0.8 0.4 130.7 108.1 226.3 92.3
Growth +14.1% −286.6% +31,615.8% −17.2% +109.3% −59.2%
Per share
0.10 0.11 −0.21 −0.01 0.00 1.14 0.98 2.11 0.90
0.09 0.11 −0.21 −0.01 0.00 1.13 0.98 2.11 0.90
Growth +14.9% −295.4% +37,566.7% −13.4% +115.0% −57.4%
121.4 120.6 116.6 117.3 117.5 115.1 110.1 107.1 102.6
123.1 122.2 117.8 117.9 117.7 115.6 110.4 107.5 103.1
Growth −0.7% −3.6% +0.1% −0.2% −1.8% −4.5% −2.7% −4.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.4% a year over five years.
  • The diluted share count fell 12.6% in five years, so buybacks did some of the work per share.
  • Operating margin is down 1.7 points on five years ago, at 12.0%.
  • A net loss in 2 of 9 years on file.