Forafric Global PLC (AFRI) AI Stock Analysis
AFRI AI stock analysis summary
AI ResearchForafric Global PLC is an agricultural commodities supply chain company operating across Morocco, Sub-Saharan Africa, and approximately 45 export countries. Annual revenue fell 35.6% in FY2025 to $176.5M alongside a net loss of -$14.9M, while shareholders' equity stood at -$8.7M as of March 31, 2026. Despite continuous operating losses, the stock gained 37.2% over the trailing one-year period.
- Market cap
- $319.3M
- Revenue (TTM)
- $176.5M
- P/E
- —
- 1Y return
- 37.2% S&P 500 16.8%
- Avg. target
- —
Bull case
- The stock delivered a 1-year return of 37.2%, outpacing the S&P 500 return of 16.8%.
- Shares trade 14.5% above their 200-day moving average and hold close to their 52-week high of $13.48.
- Company insiders maintain high alignment with outside investors through an 81.6% ownership stake.
Bear case
- Annual revenue dropped 35.6% to $176.5M in FY2025, with quarterly revenue falling 22.2% year-over-year in the quarter ended March 31, 2026.
- The company operates with a leveraged balance sheet featuring net debt of $145.1M and negative shareholders' equity of -$8.7M.
- Net income has remained negative across all five reported fiscal years, including a loss of -$14.9M and free cash flow of -$161,000 in FY2025.
What Forafric Global does
Headquartered in Gibraltar, Forafric Global PLC manages the agricultural commodity supply chain across Morocco and Sub-Saharan Africa. The company handles the purchase, storage, transportation, processing, and sale of agricultural commodities, specializing in essential products such as flour and semolina. It also manufactures secondary processed goods, including pasta and couscous, marketed under the Tria and MayMouna brands. Catering primarily to wholesale food manufacturers and distributors, the company operates both domestically and internationally, exporting goods to approximately 45 countries worldwide.
Growth and profitability
Forafric's revenue rose from $261.7M in FY2021 to $289.8M in FY2022 and peaked at $305.5M in FY2023, before falling 10.2% to $274.2M in FY2024 and dropping 35.6% to $176.5M in FY2025. Over the five years from FY2020 to FY2025, revenue contracted at a compound annual rate of -2.1%. Profitability remained negative throughout the period, with net income of -$8.0M in FY2021, -$19.2M in FY2022, -$12.7M in FY2023, -$24.3M in FY2024, and -$14.9M in FY2025. For the trailing twelve months ended March 31, 2026, revenue stood at $176.5M, operating margin was -0.6%, net margin was -8.4%, and quarterly revenue fell 22.2% year-over-year.
Balance sheet and cash flow
As of March 31, 2026, Forafric held $14.3M in cash and short-term investments against total debt of $159.4M, resulting in net debt of $145.1M. Total assets were $246.9M, while the current ratio stood at 0.33 and shareholders' equity was -$8.7M, reflecting negative equity. Operating cash flow fell from $23.5M in FY2024 to $356,000 in FY2025, and free cash flow turned negative at -$161,000. Capital expenditures were $517,000 in FY2025, while share count increased 78.8% over five years.
Valuation and performance
At a share price of $11.84 as of October 16, 2026, Forafric has a market capitalization of $319.3M and an enterprise value of $442.8M. The company trades at an EV-to-EBITDA multiple of 43.5x, well above the 11.7x median of its US-listed Consumer Defensive peers. Its price-to-sales ratio is 1.8x compared to the peer median of 0.7x, and price-to-book is 13.5x. Over the past year, the stock returned 37.2%, outperforming the S&P 500 return of 16.8%, but its 5-year return of 17.9% trailed the S&P 500 return of 83.0%.
What analysts expect
There are no analyst rating counts, consensus price targets, or forward earnings estimates reported for Forafric Global PLC. The company also does not have reported upcoming earnings release dates or historical earnings surprise track records. Investors evaluating this NASDAQ-listed agricultural commodities provider must rely on reported historical financial statements rather than consensus estimates from Wall Street analysts.
Key risks and what to watch
- Short-term liquidity is tight, evidenced by a current ratio of 0.33 and cash reserves of $14.3M against $159.4M in total debt.
- Shareholder dilution has been substantial, with the company's share count increasing 78.8% over the past five years.
- The company trades at a premium valuation multiple with an EV-to-EBITDA ratio of 43.5x compared to the US-listed Consumer Defensive peer median of 11.7x.
- Return on equity for the trailing twelve months stands at -202.2%, reflecting ongoing net losses and negative equity.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this AFRI AI stock analysis
This page is an AI-written research summary of Forafric Global PLC (AFRI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: AFRI income statement, AFRI balance sheet, AFRI key metrics, AFRI chart. See the AFRI stock overview for the latest quote and news.
AFRI AI stock analysis FAQ
Does Forafric Global PLC pay a dividend?
No dividend information is reported for Forafric Global PLC, and the company does not currently have a recorded dividend payout or yield.
What is Forafric Global PLC's debt position?
As of March 31, 2026, Forafric reported total debt of $159.4M and cash and short-term investments of $14.3M, resulting in net debt of $145.1M. Shareholders' equity was negative at -$8.7M, and the current ratio was 0.33.
How has AFRI stock performed compared to the broader market?
Over the past year, AFRI gained 37.2%, outperforming the S&P 500 return of 16.8%. Over a 5-year span, however, AFRI's return of 17.9% trailed the S&P 500 gain of 83.0%.
What were Forafric's financial results in FY2025?
In FY2025, Forafric generated $176.5M in revenue, which was a 35.6% decline from the prior year. The company reported a net loss of -$14.9M and free cash flow of -$161,000.