One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
LND · NYQ · Consumer Defensive · Farm Products
Current price
$3.58
52-week range
$3.46 - $4.45
Market cap
—
Balance sheet
Distressed
-0.45x Concerning
Net debt $242.30M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
3 Risks
2 rewards · 3 risks
- Reward Free cash flow was positive in 4/10 years.
- Reward Dividend yield is 3.9% with 12-year payout history.
- Risk Net debt grew 625.7% over 3 years.
- Risk Operating margin compressed from 22.0% to 4.6% over 3 years.
What this company does
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
BrasilAgro is a South American company that makes money by buying and improving farmland, as well as growing crops and raising cattle on that land. This is significant because the company profits from two different sources: the ongoing sale of farm products like soybeans and beef, and the potential gain from eventually selling the more valuable land itself.
How the company got here
BrasilAgro was founded in 2005 and focuses on buying, developing, and selling agricultural land in Brazil, Paraguay, and Bolivia. A key part of their strategy is to acquire rural properties that have the potential to become much more valuable. They improve the land by investing in technology and infrastructure to grow high-value crops. Once a property's value has increased to meet their return expectations, they sell it to make a profit from the sale (also known as capital gains). Since starting in 2006, they have purchased 18 farms and sold five of them.
What it actually does
BrasilAgro is a major agricultural company that you can think of as being in two main businesses: farming and real estate. On the farming side, they grow crops like soybeans, corn, and sugarcane, and also raise cattle. On the real estate side, their main goal is to buy large pieces of rural land, make them more productive and valuable, and then sell them for a profit. They operate a large portfolio of farms across Brazil and in neighboring Paraguay.
Real Estate
This is the core of BrasilAgro's business model and a major driver of its financial returns. The company seeks out and buys large rural properties that are not being used to their full potential. They then invest in these properties to make them suitable for modern, large-scale farming. The ultimate goal is to increase the land's value and then sell it, which generates a significant portion of the company's income.
Grains
This is the company's largest farming segment in terms of revenue (the total amount of money generated from sales). BrasilAgro cultivates a variety of grains, with soybean and corn being the most significant. By growing these in-demand crops, the company generates a steady stream of cash from operations while it works on improving the long-term value of the land itself. The company also uses techniques like crop rotation to keep the land healthy and productive.
Sugarcane
Sugarcane is another important crop for BrasilAgro, grown for its high value. The company cultivates sugarcane on its properties, contributing to its overall agricultural production and sales. This segment, like the grains business, provides operational revenue while the underlying land appreciates in value. By growing a variety of crops, the company diversifies its business and reduces risks associated with weather or price changes for a single crop.
Cattle Raising
In addition to crops, BrasilAgro is also involved in raising cattle. The company produces and sells beef calves after they have been weaned from their mothers. This part of the business adds another layer of diversification to their agricultural operations. The pastures used for cattle raising can also be part of the company's land development strategy, where they might later be converted for crop cultivation.
Cotton
BrasilAgro also cultivates cotton, producing both cotton lint and seeds. This is another of the company's value-added crops that contributes to its agricultural revenue stream. The production of cotton fits into their overall strategy of maximizing the cash flow (the money coming in and out of the company) from their properties while they hold and develop them.
What management is betting on now
Management's primary focus is on the price appreciation (the increase in value) of its rural properties. They are betting on a strategy of identifying and acquiring undervalued land, and then using technology and modern farming practices to make it more productive and valuable. This includes transforming pastures into areas for high-value crops like grains and sugarcane. By actively managing their portfolio of properties and selling them when they believe the return is high enough, they aim to generate significant capital gains for the company.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $3.58
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $242.3M. Interest coverage -0.4x.
Net debt
$242.30M
Interest coverage
-0.45x
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
LND
BASELINE
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
Total debt $278.22M Interest coverage -0.45x This is the baseline the peer rows are being compared against.
Total debt $486.76M Interest coverage 1.23x This peer still has a real interest-payment cushion, while LND does not.
Total debt $224.31M Interest coverage 2.39x This peer still has a real interest-payment cushion, while LND does not.
Total debt $85.42M Interest coverage -42.06x Neither company has much profit cushion over interest right now.
Total debt $108.97M Interest coverage -15.48x Neither company has much profit cushion over interest right now.
What you should know
The case for and against LND
2 Rewards
3 Risks
Rewards
-
Free cash flow was positive in 4/10 years.
-
Dividend yield is 3.9% with 12-year payout history.
Risks
-
Net debt grew 625.7% over 3 years.
-
Operating margin compressed from 22.0% to 4.6% over 3 years.
-
Insider ownership is only 0.0% (peer median: 8.1%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
—
P/B
0.90x
P/S
—
EV/EBITDA
60.35x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
10.8%
Operating margin
4.6%
Net margin
-10.1%
ROE
-4.3%
ROA
-0.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.71x
Current ratio
1.54x
Quick ratio
0.74x
Total debt
$278.22M
Total cash
$35.92M
Growth
How the business has been compounding
Revenue TTM
$173.66M
Revenue 5Y CAGR
-10.6%
EPS TTM
-0.18
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$23.48M
Free CF TTM
$11.06M
FCF margin
6.4%
Dividend
Shareholder payout
Yield
3.9%
Payout ratio
112.4%
Last ex-div date
2025-10-24