Origin Agritech Limited (SEED) AI Stock Analysis
SEED AI stock analysis summary
AI ResearchOrigin Agritech Limited is an agricultural biotechnology and e-commerce firm operating in China. In FY2025, revenue contracted 19.5% to $91.3M, and net income fell to -$53.3M. The company faces balance sheet pressure, carrying net debt of $15.7M and negative shareholders' equity of -$37.7M as of March 31, 2026.
- Market cap
- $11.8M
- Revenue (TTM)
- $68.2M
- P/E
- — fwd 19.0x
- 1Y return
- -50.0% S&P 500 16.8%
- Avg. target
- $5.00 415.5% vs last close
Bull case
- The company's mean analyst price target of $5.00 implies an upside of 415.5% over the last close of $0.97.
- Origin Agritech generated a 5-year revenue CAGR of 11.7% from FY2020 to FY2025.
- Its price-to-sales multiple of 0.2x and EV/EBITDA of 1.6x trade well below the US-listed Basic Materials medians of 1.8x and 10.5x.
Bear case
- The stock experienced a 1-year return of -50.0% and a 5-year decline of 89.5%.
- Origin Agritech closed FY2025 with negative free cash flow of -$35.9M and a net loss of -$53.3M.
- The company has negative shareholders' equity of -$37.7M and a current ratio of 0.39 as of March 31, 2026.
What Origin Agritech does
Origin Agritech Limited is an agricultural biotechnology and e-commerce business headquartered in Beijing, China. Founded in 1997, the company specializes in crop seed research, genetic improvement techniques, and the production and distribution of hybrid crop seeds such as corn, rice, and vegetables. Origin Agritech also operates an e-commerce platform catering directly to farmers, facilitating orders for agricultural inputs like fertilizers and chemicals, alongside consumer goods. It maintains research and development collaborations with institutions such as the Chinese Academy of Agricultural Sciences, the National Maize Improvement Center, China Agricultural University, and Zhejiang University.
Growth and profitability
Origin Agritech grew revenue from $46.4M in FY2021 to $113.4M in FY2024 before revenue declined 19.5% to $91.3M in FY2025. Gross margin contracted to 7.0% in FY2025 from 14.2% in FY2024 and 30.8% in FY2022. Operating margin was -58.9% in FY2025, compared to -32.3% in FY2024. After reporting positive net income of $55.3M in FY2023 and $20.7M in FY2024, net income dropped to -$53.3M in FY2025. For the trailing twelve months ended March 31, 2026, revenue stood at $68.2M with a net profit margin of -61.8%. In the latest quarter, quarterly revenue fell 31.9% year-over-year while quarterly earnings declined 64.2%.
Balance sheet and cash flow
As of March 31, 2026, Origin Agritech held $13.4M in cash and short-term investments against total debt of $29.1M, resulting in net debt of $15.7M. The company reported a current ratio of 0.39 and negative shareholders' equity of -$37.7M against total assets of $92.6M. Cash flow generation remains negative, with an operating cash flow of -$22.6M and free cash flow of -$35.9M in FY2025. Capital expenditures totaled $13.4M in FY2025, and the 5-year share count change shows an increase of 29.8%.
Valuation and performance
At a last close of $0.97 on October 16, 2026, Origin Agritech traded at a market capitalization of $11.8M and an enterprise value of $13.5M. The stock trades at a price-to-sales multiple of 0.2x and an EV/EBITDA of 1.6x, compared to medians of 1.8x and 10.5x, respectively, for US-listed Basic Materials peers. Its forward P/E is 19.0x, above the peer group median of 13.4x. Over the past 1 year, the stock fell 50.0% while the S&P 500 (SPY) gained 16.8%. Over 5 years, the stock is down 89.5% versus an 83.0% gain for SPY.
What analysts expect
Wall Street analysts have established a mean price target of $5.00 for Origin Agritech, representing an upside of 415.5% compared to its last close of $0.97. In its recent reporting history, the company has delivered 1 EPS beat over the last 4 quarters. The stock carries a forward P/E multiple of 19.0x and a PEG ratio of 0.62.
Key risks and what to watch
- Net debt stood at $15.7M with total debt of $29.1M exceeding cash of $13.4M as of March 31, 2026.
- Quarterly revenue fell 31.9% and quarterly earnings dropped 64.2% year-over-year in the quarter ended March 31, 2026.
- Share dilution has occurred over time, with the 5-year share count expanding by 29.8%.
- Operating margin deteriorated significantly to -58.9% in FY2025 from -32.3% in FY2024.
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 SEED AI stock analysis
This page is an AI-written research summary of Origin Agritech Limited (SEED). 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: SEED income statement, SEED balance sheet, SEED key metrics, SEED chart. See the SEED stock overview for the latest quote and news.
SEED AI stock analysis FAQ
What is Origin Agritech's primary business?
Origin Agritech Limited is an agricultural biotechnology and e-commerce company based in Beijing, China. It develops and distributes hybrid crop seeds, such as corn and rice, and runs an online platform selling seeds, fertilizers, and consumer goods to farmers.
Does Origin Agritech pay a dividend?
Origin Agritech does not pay a dividend, and no dividend yield or distribution history is reported.
What are analysts forecasting for SEED stock?
The mean analyst price target is $5.00, which represents a 415.5% premium to the last close of $0.97.
What is the condition of Origin Agritech's balance sheet?
As of March 31, 2026, the company carried negative shareholders' equity of -$37.7M, a current ratio of 0.39, and net debt of $15.7M with $13.4M in cash and $29.1M in total debt.