Cresud - ADR


Market Cap$487.82M

Compare Cresud - ADR

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cresud - ADRCresud - ADR1.94.69%29%0.71.1
marketMarket Avg49.61.28%30%6.11.1
MaterialsMaterials Avg32.52.55%20%3.21.5

Earnings Call Q3 2023

May 16, 2023 - AI Summary

Cresud reported a record planted area in the region, with approximately 28,000 hectares of farmland under ownership, lease, and third-party leasing.
Adverse climate conditions, particularly drought in Argentina, have negatively impacted crop yields, leading to lower operational margins compared to the previous year. Soybean production in Argentina is expected to be 47% lower than anticipated, while corn production is forecasted to be 28% below expectations.
The company expects a recovery in soybean production due to new government announcements regarding pricing, but this will not be reflected until the fourth quarter.
BrasilAgro, a subsidiary of Cresud, has seen lower productivity but anticipates significant farmland sales in Brazil, Paraguay, and Argentina in the near future. A major sale in Brazil worth BRL 409 million is expected to contribute significantly to fourth-quarter results.
IRSA, another subsidiary of Cresud, has shown strong performance in its rental segment, with tenant sales increasing and occupancy levels reaching historical highs. The company paid a dividend yield of 6% and distributed shares from its buyback program.
In terms of financial results, there was a loss in fair value of investment properties due to inflation and devaluation effects. Net financial results showed a gain, primarily driven by FX gains and higher net interest expenses. Overall, the earnings call highlighted the challenges posed by adverse weather conditions and increased input costs on operational margins. However, opportunities for growth were identified through farmland sales and the positive performance of subsidiaries like IRSA. The company remains cautiously optimistic about the future, expecting improvements in crop yields and potential changes in government policies that could benefit the agricultural sector.

Current Fair Value

6297.2% upside

Undervalued by 6297.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$487.82 Million
Enterprise Value$1.33 Billion
Dividend Yield$0.3907 (4.69%)
Earnings per Share$4.03
Outstanding Shares59,417,496
Avg 30 Day Volume198,047


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio1.88
Price to Sales0.67
Price to Book Ratio0.54
Enterprise Value to Revenue1.81
Enterprise Value to EBIT16.1
Enterprise Value to Net Income5
Total Debt to Enterprise0.78
Debt to Equity1.13

Revenue Sources

No data

ESG Score

No data

About Cresud

CEO: Alejandro Elsztain