Adecoagro S.A. (AGRO) Key Metrics
AGRO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.45B
- Enterprise value
- $3.60B
- P/E (TTM)
- 25.7 10-yr median 9.5
- Forward P/E
- 19.3
- PEG ratio
- 75.97
- Price / sales
- 0.9 10-yr median 1.0
- Price / book
- 0.9 10-yr median 0.9
- EV / EBITDA
- 6.0 10-yr median 6.1
- Dividend yield
- 2.99% $0.30 a year
- Beta
- −0.05
AGRO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAGRO valuation Price multiples at each fiscal year-end price.
AGRO returns How much profit the business earns on the capital it uses.
AGRO per-share figures Results divided by the shares outstanding at year-end.
AGRO financial health Debt, liquidity and how easily interest is covered.
AGRO efficiency & capital use Working capital cycle and where the cash goes.
AGRO valuation history
AGRO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AGRO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AGRO cash returned to shareholders
AGRO price vs earnings per share
AGRO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.06B | $971.9M | $1.19B | $915.5M | $887.9M | $800.5M | $981.4M | $820.1M | $1.26B | $1.28B |
| Enterprise value | $5.54B | $1.88B | $2.14B | $2.03B | $1.75B | $1.63B | $1.88B | $1.41B | $1.81B | $1.75B |
| P/E ratio | — | 10.5 | 5.3 | 8.5 | 6.8 | — | — | — | 126.7 | 626.8 |
| Price / sales | 2.8 | 0.6 | 0.9 | 0.7 | 0.8 | 1.0 | 1.1 | 1.0 | 1.4 | 1.5 |
| Price / book | 2.5 | 0.7 | 0.9 | 0.8 | 0.8 | 0.8 | 1.0 | 0.7 | 2.0 | 1.9 |
| Price / free cash flow | 197.2 | 15.0 | 6.2 | 6.5 | 6.5 | 10.0 | 17.5 | 339.3 | 36.4 | 10.6 |
| Price / operating cash flow | 14.3 | 3.0 | 2.7 | 2.5 | 2.5 | 3.1 | 3.0 | 3.8 | 5.3 | 5.0 |
| EV / sales | 3.9 | 1.2 | 1.6 | 1.5 | 1.6 | 2.0 | 2.1 | 1.8 | 1.9 | 2.0 |
| EV / EBITDA | 18.5 | 4.6 | 3.3 | 4.3 | 3.6 | 6.1 | 6.0 | 7.5 | 8.1 | 9.1 |
| EV / free cash flow | 268.9 | 29.0 | 11.2 | 14.5 | 12.9 | 20.4 | 33.4 | 582.8 | 52.2 | 14.6 |
| Earnings yield | −0.2% | 9.5% | 19.0% | 11.8% | 14.7% | 0.1% | −0.1% | −3.0% | 0.8% | 0.2% |
| Free cash flow yield | 0.5% | 6.7% | 16.0% | 15.3% | 15.3% | 10.0% | 5.7% | 0.3% | 2.7% | 9.4% |
| Dividend yield | 0.9% | 3.6% | 2.9% | 3.8% | 3.9% | 4.4% | 3.6% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.1% | 10.5% | 5.1% | 7.8% | 11.4% | 4.9% | 4.0% | 1.9% | 3.0% | 0.4% |
| Share price at fiscal year-end | $7.93 | $9.43 | $11.10 | $8.29 | $7.68 | $6.80 | $8.37 | $6.96 | $10.34 | $10.38 |
| Per share | ||||||||||
| Revenue per share | $2.79 | $14.74 | $12.08 | $12.20 | $9.73 | $6.95 | $7.57 | $6.73 | $7.64 | $7.06 |
| Earnings per share | −$0.02 | $0.90 | $2.11 | $0.98 | $1.13 | $0.00 | −$0.01 | −$0.21 | $0.08 | $0.02 |
| Operating cash flow per share | $0.56 | $3.19 | $4.05 | $3.35 | $3.02 | $2.18 | $2.75 | $1.85 | $1.94 | $2.07 |
| Free cash flow per share | $0.04 | $0.63 | $1.78 | $1.27 | $1.17 | $0.68 | $0.48 | $0.02 | $0.28 | $0.98 |
| Cash per share | $0.92 | $2.05 | $3.16 | $2.09 | $1.73 | $2.86 | $2.48 | $2.32 | $2.20 | $1.29 |
| Book value per share | $3.23 | $13.66 | $11.77 | $10.54 | $9.06 | $8.19 | $8.77 | $9.40 | $5.28 | $5.46 |
| Tangible book value per share | $2.74 | $13.30 | $11.52 | $10.21 | $8.79 | $7.96 | $8.49 | $9.17 | $5.14 | $5.32 |
| Dividends per share | $0.07 | $0.34 | $0.33 | $0.32 | $0.30 | $0.30 | $0.30 | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.52 | $2.55 | $2.26 | $2.08 | $1.84 | $1.50 | $2.27 | $1.83 | $1.66 | $1.10 |
| Debt per share | $3.81 | $10.88 | $11.94 | $12.19 | $9.21 | $9.91 | $10.10 | $7.32 | $6.69 | $5.16 |
| Shares outstanding | 512.2M | 103.1M | 107.5M | 110.4M | 115.6M | 117.7M | 117.3M | 117.8M | 122.2M | 123.1M |
| Change in shares outstanding | +396.9% | −4.1% | −2.7% | −4.5% | −1.8% | +0.4% | −0.5% | −3.6% | −0.7% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −0.5% | 6.9% | 18.6% | 9.8% | 13.0% | 0.0% | −0.1% | −2.8% | 1.5% | 0.3% |
| Return on invested capital (ROIC) | 1.9% | 8.1% | 8.0% | 9.6% | 11.2% | 5.1% | 3.4% | 8.6% | 10.7% | 7.7% |
| Return on assets (ROA) | −0.2% | 2.9% | 7.2% | 3.8% | 5.2% | 0.0% | −0.0% | −1.3% | 0.7% | 0.1% |
| Return on tangible assets | −0.2% | 3.0% | 7.2% | 3.5% | 5.1% | 0.0% | −0.0% | −1.1% | 0.6% | 0.1% |
| Free cash flow margin | 1.4% | 4.3% | 14.7% | 10.4% | 12.1% | 9.8% | 6.3% | 0.3% | 3.7% | 13.8% |
| Income quality (OCF / net income) | — | 3.56 | 1.92 | 3.42 | 2.67 | 624.09 | — | — | 23.78 | 125.26 |
| Financial health | ||||||||||
| Total debt | $1.95B | $1.12B | $1.28B | $1.35B | $1.06B | $1.17B | $1.18B | $862.1M | $818.0M | $635.4M |
| Cash & short-term investments | $473.0M | $211.2M | $339.8M | $230.7M | $199.8M | $336.3M | $290.3M | $273.6M | $269.2M | $158.6M |
| Net debt | $1.48B | $910.3M | $943.7M | $1.12B | $864.7M | $830.6M | $894.4M | $588.5M | $548.8M | $476.8M |
| Debt / equity | 1.18 | 0.80 | 1.01 | 1.16 | 1.02 | 1.21 | 1.15 | 0.78 | 1.27 | 0.95 |
| Debt / assets | 0.37 | 0.36 | 0.41 | 0.43 | 0.41 | 0.47 | 0.47 | 0.38 | 0.51 | 0.44 |
| Net debt / EBITDA | 4.94 | 2.20 | 1.45 | 2.37 | 1.78 | 3.11 | 2.88 | 3.13 | 2.44 | 2.47 |
| Current ratio | 1.38 | 2.54 | 2.14 | 1.66 | 2.13 | 2.13 | 1.78 | 2.38 | 2.44 | 1.71 |
| Quick ratio | 0.77 | 1.19 | 1.20 | 0.83 | 0.97 | 1.34 | 1.15 | 1.58 | 1.50 | 0.96 |
| Interest coverage | 0.6 | 2.5 | 4.5 | 3.1 | 3.4 | 2.5 | 1.6 | 2.7 | 1.8 | 3.2 |
| Working capital | $392.6M | $614.7M | $561.6M | $408.0M | $404.4M | $407.4M | $284.7M | $383.0M | $407.0M | $235.7M |
| Invested capital | $3.13B | $2.32B | $2.21B | $2.28B | $1.91B | $1.79B | $1.92B | $1.70B | $1.19B | $1.15B |
| Tangible asset value | $1.54B | $1.37B | $1.24B | $1.13B | $1.02B | $936.8M | $995.2M | $1.08B | $627.9M | $654.4M |
| Net current asset value | −$2.04B | −$691.8M | −$843.6M | −$922.2M | −$772.8M | −$751.9M | −$843.4M | −$508.4M | −$272.6M | −$215.9M |
| Graham number | — | $16.59 | $23.62 | $15.24 | $15.18 | $0.80 | — | — | $3.11 | $1.43 |
| Graham net-net per share | −$4.78 | −$10.73 | −$11.46 | −$12.32 | −$8.99 | −$8.09 | −$8.85 | −$6.19 | −$3.96 | −$3.29 |
| Capital allocation | ||||||||||
| Dividends paid | $35.0M | $35.0M | $35.0M | $35.0M | $35.0M | $35.0M | $35.0M | $0 | $0 | $0 |
| Share buybacks (net) | $10.2M | $66.9M | $26.2M | $36.8M | $66.5M | $4.4M | $4.3M | $15.7M | $38.4M | $4.8M |
| Dividend payout ratio | — | 37.9% | 15.5% | 32.4% | 26.8% | — | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 219.5% | 156.7% | 32.0% | 51.4% | 74.8% | 49.1% | 70.0% | 650.6% | 110.5% | 4.0% |
| Capex / revenue | 18.5% | 17.3% | 18.7% | 17.1% | 18.9% | 21.6% | 30.0% | 27.2% | 21.7% | 15.6% |
| Capex / operating cash flow | 92.8% | 80.2% | 56.0% | 62.2% | 61.1% | 68.8% | 82.6% | 98.9% | 85.4% | 53.0% |
| Capex / depreciation | 1.36 | 0.87 | 0.89 | 0.91 | 0.98 | 0.97 | 1.21 | 1.40 | 1.34 | 1.06 |
| Stock-based compensation / revenue | 0.8% | 0.4% | 0.7% | 0.8% | 0.6% | 0.5% | 0.5% | 0.6% | 0.6% | 0.6% |
| SG&A / revenue | 13.3% | 11.3% | 11.0% | 11.7% | 16.7% | 16.0% | 16.7% | 5.5% | 16.4% | 15.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 58.6 | 34.7 | 36.8 | 33.8 | 38.1 | 40.9 | 28.6 | 40.3 | 44.9 | 43.7 |
| Days of inventory on hand | 197.5 | 168.4 | 200.4 | 191.4 | 199.5 | 194.7 | 137.4 | 149.7 | 135.1 | 121.7 |
| Days payables outstanding | 67.8 | 52.9 | 69.0 | 71.4 | 74.9 | 76.2 | 56.2 | 54.4 | 43.1 | 41.9 |
| Cash conversion cycle (days) | 188.3 | 150.2 | 168.2 | 153.9 | 162.7 | 159.4 | 109.8 | 135.6 | 136.9 | 123.5 |
| Receivables turnover | 6.23 | 10.53 | 9.92 | 10.78 | 9.58 | 8.92 | 12.74 | 9.07 | 8.13 | 8.36 |
| Payables turnover | 5.39 | 6.90 | 5.29 | 5.11 | 4.87 | 4.79 | 6.49 | 6.71 | 8.47 | 8.72 |
| Inventory turnover | 1.85 | 2.17 | 1.82 | 1.91 | 1.83 | 1.88 | 2.66 | 2.44 | 2.70 | 3.00 |
| Asset turnover | 0.34 | 0.48 | 0.41 | 0.47 | 0.44 | 0.33 | 0.37 | 0.41 | 0.61 | 0.62 |
| Average receivables | $229.3M | $144.3M | $130.9M | $125.0M | $117.4M | $91.7M | $69.6M | $87.5M | $114.7M | $104.0M |
| Average payables | $199.9M | $157.1M | $167.0M | $172.6M | $131.3M | $100.6M | $92.5M | $88.7M | $82.0M | $64.1M |
| Average inventory | $582.4M | $500.3M | $485.1M | $462.6M | $349.9M | $257.2M | $226.1M | $243.9M | $257.1M | $186.3M |
| Intangibles / total assets | 4.8% | 1.2% | 0.9% | 1.2% | 1.2% | 1.1% | 1.3% | 1.2% | 1.1% | 1.2% |
Computed from AGRO's annual financial statements (latest annual report filed April 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AGRO valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 25.7 and the forward P/E is 19.3. Adecoagro earned a return on equity of −0.5% and a return on invested capital of 1.9% in fiscal 2025. It ended the year with $1.9 billion of debt and $473.0 million in cash and short-term investments, net debt of $1.5 billion. It returned $45.2 million to shareholders: $35.0 million in dividends and $10.2 million in share buybacks, 219% of free cash flow. The share count rose 316.0% from 123.1M to 512.2M over 9 years.
See the AGRO income statement, the AGRO chart for price history, or the AGRO stock overview for the latest quote and news.
AGRO key metrics FAQ
What is Adecoagro's P/E ratio?
Adecoagro's trailing P/E ratio is 25.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.3. At the end of fiscal 2025 it was —, compared with a 10-year median of 9.5.
What is Adecoagro's EV/EBITDA?
Adecoagro's enterprise value was 18.5 times EBITDA at the end of fiscal 2025 (enterprise value $5.5 billion, EBITDA $299.0 million); the current EV/EBITDA is 6.0.
What is Adecoagro's return on equity?
Adecoagro's return on equity (ROE) was −0.5% in fiscal 2025: net income of -$8.3 million on average shareholders' equity of $1.5 billion.
What is Adecoagro's ROIC?
Adecoagro's return on invested capital was 1.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Adecoagro have?
Adecoagro had total debt of $1.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.18 and $1.5 billion of net debt (4.94 times EBITDA).
What is Adecoagro's dividend yield?
Adecoagro's forward dividend yield is 2.99%. Adecoagro paid $35.0 million in dividends in fiscal 2025 ($0.07 per share), a payout ratio of —.
Does Adecoagro buy back its shares?
Yes. Adecoagro spent $10.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +396.9% over the year, to 512.2M..
What is Adecoagro's free cash flow yield?
Adecoagro generated $20.6 million of free cash flow in fiscal 2025, a free cash flow yield of 0.5% on its market value at year-end ($4.1 billion).
What is Adecoagro's current ratio?
Adecoagro's current ratio was 1.38 at the end of fiscal 2025: current assets were 1.38 times current liabilities.