This report should not be construed as providing investment advice. It is for educational purposes only. Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Estimates Estimates Estimates
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Ag Growth International TSX: AFN OTC: AGGZF www.aggrowth.com Fiscal Yr: Dec 31
Year 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/30/12 12/30/13 12/30/14 12/30/15 12/30/16 12/30/17 12/30/18 12/30/19 Value Description #Y Item
Accounting Rules C GAAP C GAAP IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$479.99 <-12 mths 6.79%
Revenue* $84.0 $81.5 $130.4 $199.3 $237.3 $262.1 $305.9 $314.3 $356.8 $400.1 $449.5 $531.6 $785 $865 552.05% <-Total Growth 10 Revenue
Increase 35.53% -2.98% 59.91% 52.90% 19.04% 10.44% 16.73% 2.75% 13.50% 12.15% 12.33% 18.27% 47.66% 10.19% 20.62% <-IRR #YR-> 10 Revenue 552.05%
5 year Running Average $63.8 $67.9 $83.0 $111.5 $146.5 $182.1 $227.0 $263.8 $295.3 $327.9 $365.3 $410.5 $504.6 $606.2 11.68% <-IRR #YR-> 5 Revenue 73.77%
Revenue per Share $8.34 $7.35 $10.17 $15.89 $18.23 $21.14 $24.65 $25.20 $28.29 $30.39 $30.81 $35.96 $53.11 $58.52 19.71% <-IRR #YR-> 10 5 yr Running Average 504.42%
Increase 29.48% -11.80% 38.33% 56.20% 14.73% 15.97% 16.62% 2.24% 12.25% 7.45% 1.36% 16.74% 47.66% 10.19% 12.58% <-IRR #YR-> 5 5 yr Running Average 80.82%
5 year Running Average $6.55 $6.75 $7.64 $9.64 $11.99 $14.55 $18.01 $21.02 $23.50 $25.93 $27.87 $30.13 $35.71 $41.76 17.20% <-IRR #YR-> 10 Revenue per Share 389.16%
P/S (Price/Sales) Med 1.75 2.03 2.37 1.70 1.42 2.05 1.68 1.38 1.33 1.64 1.39 1.14 7.85% <-IRR #YR-> 5 Revenue per Share 45.91%
P/S (Price/Sales) Close 1.93 2.04 3.24 1.12 1.91 2.37 1.52 1.24 1.58 1.86 1.08 1.46 1.04 0.95 16.13% <-IRR #YR-> 10 5 yr Running Average 346.28%
*Sales in M CDN $ P/S Med 10 yr 1.53 5 yr 1.38 -31.67% Diff M/C 10.84% <-IRR #YR-> 5 5 yr Running Average 67.27%
-$81.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $531.6
-$305.9 $0.0 $0.0 $0.0 $0.0 $531.6
-$67.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $410.5
-$227.0 $0.0 $0.0 $0.0 $0.0 $410.5
-$7.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $36.0
-$24.6 $0.0 $0.0 $0.0 $0.0 $36.0
-$6.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.13
-$18.01 $0.00 $0.00 $0.00 $0.00 $30.13
Dividends Paid $19.34 $23.29 $29.32 $26.57 $30.11 $30.11 $30.19 $31.48 $33.58 $35.30 82.49% <-Total Growth 9 Dividends Paid
Payout Ratio 56.21% 49.17% 74.68% 93.21% 57.18% 56.66% 83.59% 66.74% 61.96% <-Median-> 8 Payout Ratio
Dividends Paid in Cash $26.35 $28.34 $30.08
Payout Ratio 47.43% 70.54% 56.87%
Funds From Operations $52.17 $54.03 $40.32 $32.31 $52.79 55.549 40.178 52.888 $78.93 $85.29 1.39% <-Total Growth 7 Funds From Operations
Increase 3.58% -25.38% -19.87% 63.42% 5.22% -27.67% 31.63% 49.25% 8.05%
FFO per Share $4.06 $4.26 $3.25 $2.59 $4.20 $4.24 $2.88 $3.60 $5.34 $5.77 -11.53% <-Total Growth 7 FFO per Share
Increase 4.88% -23.86% -20.19% 62.29% 0.93% -32.03% 24.68% 48.51% 8.05% -1.73% <-IRR #YR-> 7 FFO #DIV/0!
FFO Yield 11.68% 8.51% 8.66% 8.26% 9.41% 7.51% 8.67% 6.85% 9.63% 10.41% 2.07% <-IRR #YR-> 5 FFO 10.79%
5 year Running Average $3.67 $3.71 $3.43 $3.50 $4.05 $4.37 -1.57% <-IRR #YR-> 3 5 yr Running Average #DIV/0!
Payout Ratio 50.19% 48.56% 73.95% 92.65% 57.09% 56.57% 83.22% 66.75% 44.94% 41.59% -1.57% <-IRR #YR-> 3 5 yr Running Average #DIV/0!
5 year Running Average 61.58% 62.93% 69.90% 68.51% 59.21% 54.96% 65.72% <-Median-> 4 Payout 5 yr Running Average
Price/FFO Median 6.37 10.15 12.79 13.47 8.92 11.72 14.85 11.39 10.01 0.01 11.56 <-Median-> 8 Price/FFO Median
Price/FFO High 8.56 12.68 16.87 16.19 10.68 13.48 20.01 15.90 10.72 0.00 14.69 <-Median-> 8 Price/FFO High
Price/FFO Low 4.17 7.63 8.71 10.75 7.17 9.96 9.69 6.89 9.30 0.00 8.17 <-Median-> 8 Price/FFO Low
Price/FFO Close 8.56 11.75 11.55 12.11 10.62 13.32 11.53 14.61 10.38 9.61 11.65 <-Median-> 8 Price/FFO Close
Trailing P/FFO Close 12.32 8.79 9.66 17.24 13.44 7.84 18.21 15.42 10.38 12.32 <-Median-> 7 Trailing P/FFO Close
Median Values DPR 10 Yrs 61.92% 5 Yrs 66.75% P/CF 5 Yrs in order 11.72 15.90 9.69 12.11 -11.41% Diff M/C -10.17% Diff M/C 10 DPR 75% to 95% best
* Funds From Operations
-$1.17 <-12 mths 35.36%
EPS Basic $1.82 $1.70 $1.06 $1.64 $3.53 $2.85 $1.97 $1.38 $1.80 $0.31 -$1.81 $1.31 -22.94% <-Total Growth 10 Earnings
EPS Diluted* $1.82 $1.70 $1.06 $1.64 $3.45 $2.78 $1.95 $1.37 $1.75 $0.31 -$1.81 $1.29 $3.25 $4.41 -24.12% <-Total Growth 10 Earnings
Increase 55.56% -6.59% -37.65% 54.72% 110.37% -19.42% -29.86% -29.74% 27.74% -82.29% -683.87% -171.27% 151.94% 35.69% -2.72% <-IRR #YR-> 10 Earnings per Share -24.12%
Earnings Yield 11.3% 11.3% 3.2% 9.2% 9.9% 5.6% 5.2% 4.4% 3.9% 0.5% -5.4% 2.5% 5.9% 8.0% -7.93% <-IRR #YR-> 5 Earnings per Share -33.85%
5 year Running Average $1.48 $1.93 $2.13 $2.18 $2.24 $2.26 $1.63 $0.71 $0.58 $0.96 $1.49 -11.00% <-IRR #YR-> 8 5 yr Running Average -69.91%
10 year Running Average $1.87 $1.78 $1.42 $1.38 $1.60 $1.88 -23.18% <-IRR #YR-> 5 5 yr Running Average -73.25%
* ESP per share (Cdn GAAP) E/P 10 Yrs 4.14% 5Yrs 2.46%
-$1.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.29
-$1.95 $0.00 $0.00 $0.00 $0.00 $1.29
-$1.48 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.58
-$2.18 $0.00 $0.00 $0.00 $0.00 $0.58
Special Dividends $0.37 $0.00 $0.14 $0.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $1.41 $1.54 $1.68 $1.83 $2.04 $2.07 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 55.84% <-Total Growth 10 Dividends
Increase 80.43% 9.30% 9.09% 8.93% 11.48% 1.47% 15.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.74% <-Median-> 10 Increase
Dividends 5 Yr Running $1.61 $1.85 $1.91 $2.08 $2.20 $2.26 $2.33 $2.40 $2.40 $2.40 $2.40 $2.40 29.77% <-Total Growth 8 Dividends 5 Yr Running
Yield H/L Price 9.65% 10.30% 6.98% 6.79% 7.89% 4.78% 5.78% 6.88% 6.40% 4.83% 5.60% 5.86% 4.49% 6.13% <-Median-> 10 Yield H/L Price
Yield on High Price 8.26% 9.09% 5.10% 4.87% 5.86% 3.83% 4.38% 5.72% 5.35% 4.20% 4.16% 4.20% 4.19% 4.63% <-Median-> 10 Yield on High Price
Yield on Low Price 11.60% 11.89% 11.05% 11.21% 12.04% 6.37% 8.49% 8.62% 7.96% 5.68% 8.59% 9.69% 4.83% 8.61% <-Median-> 10 Yield on Low Price
Yield on Close Price 8.78% 10.27% 5.10% 10.31% 5.86% 4.13% 6.40% 7.65% 5.38% 4.25% 7.22% 4.57% 4.33% 4.33% 4.08% 5.62% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 97.64% 90.59% 171.70% 126.22% 59.13% 74.46% 123.08% 175.18% 137.14% 774.19% -132.60% 186.05% 73.85% 54.42% #DIV/0! 131.68% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 109.04% 95.63% 89.75% 95.59% 98.12% 100.09% 143.01% 336.13% 412.37% 250.52% 161.07% #DIV/0! 100.09% <-Median-> 5 DPR EPS 5 Yr Running
Payout Ratio CFPS 84.17% 67.66% 62.93% 238.22% 48.83% 62.99% 106.85% 94.76% 41.67% 153.30% 43.43% 78.84% 48.88% 35.50% #DIV/0! 70.92% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 80.05% 75.02% 70.66% 77.20% 83.74% 62.83% 75.83% 68.07% 65.12% 57.68% 55.03% #DIV/0! 75.02% <-Median-> 9 DPR CF 5 Yr Running
Payout Ratio CFPS WC 84.17% 73.90% 85.25% 63.52% 50.85% 45.65% 60.12% 76.97% 53.12% 46.56% 72.65% 64.53% 48.88% 35.50% #DIV/0! 61.82% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 75.37% 67.99% 59.54% 58.00% 58.05% 56.06% 54.74% 59.74% 60.56% 55.54% 50.32% #DIV/0! 59.54% <-Median-> 5 DPR CF WC 5 Yr Running
Median 5 Yrs 5 Yr Med 5 Yr Cl 5.86% 5.38% 5 Yr Med Payout 175.18% 78.84% 64.53% 4.54% <-IRR #YR-> 10 Dividends 55.84%
* Dividends per share 5 Yr Med and Cur. -26.10% -19.45% Last Div Inc ---> $0.17 $0.20 17.6% 0.00% <-IRR #YR-> 5 Dividends 0.00%
-$1.54 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.40
-$2.40 $0.00 $0.00 $0.00 $0.00 $2.40
Historical Dividends Historical High Div 11.98% Low Div 3.96% Ave Div 7.97% Med Div 6.79% Close Div 6.30% Historical Dividends
High/Ave/Median Values Curr diff Exp. -63.86% Exp 9.34% Exp. -45.67% Exp. -36.23% Exp. -31.25% High/Ave/Median
Future Dividend Yield Div Yd 6.66% earning in 5.00 Years at IRR of 9.00% Div Inc. 53.86% Future Dividend Yield
Future Dividend Yield Div Yd 10.25% earning in 10.00 Years at IRR of 9.00% Div Inc. 136.74% Future Dividend Yield
Future Dividend Yield Div Yd 15.77% earning in 15.00 Years at IRR of 9.00% Div Inc. 264.25% Future Dividend Yield
I am earning GC Div Gr 0.00% 10/26/11 # yrs -> 5 2011 $32.29 Cap Gain 71.66% I am earning GC
I am earning Div org yield 7.43% 12/31/14 Trading Div G Yrly 0.00% Div start $2.40 -7.43% 7.43% I am earning Div
Yield if held 5 yrs 18.05% 14.18% 16.05% 9.97% 8.91% 9.28% 5.55% 5.78% 6.88% 6.40% 4.83% 9.62% <-Median-> 8 Paid Median Price
Yield if held 10 yrs 21.24% 16.44% 16.05% 9.97% 8.91% 9.28% 16.44% <-Median-> 3 Paid Median Price
Yield if held 15 yrs 21.24% #NUM! <-Median-> 0 Paid Median Price
Cost covered if held 5 years 81.83% 65.34% 69.57% 45.61% 41.98% 45.11% 27.73% 28.91% 34.39% 31.99% 24.14% 45.36% <-Median-> 8 Paid Median Price
Cost covered if held 10 years 185.11% 147.53% 149.83% 95.45% 86.53% 91.50% 149.83% <-Median-> 3 Paid Median Price
Cost covered if held 15 years 291.30% #NUM! <-Median-> 0 Paid Median Price
Graham No. $21.21 $19.56 $16.52 $19.21 $32.47 $28.47 $26.39 $21.36 $24.26 $10.46 $10.50 $21.60 $34.29 $39.94 $0.00 10.42% <-Total Growth 10 Graham Price
Price/GP Ratio Med 0.69 0.76 1.46 1.40 0.80 1.52 1.57 1.63 1.55 4.75 4.08 1.90 1.56 1.56 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 0.80 0.87 1.99 1.95 1.07 1.90 2.07 1.96 1.85 5.47 5.49 2.65 1.67 1.98 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.57 0.66 0.92 0.85 0.52 1.14 1.07 1.30 1.24 4.04 2.66 1.15 1.45 1.14 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.76 0.77 1.99 0.92 1.07 1.76 1.42 1.47 1.84 5.40 3.17 2.43 1.62 1.39 #DIV/0! 1.80 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -24.34% -23.33% 99.48% -7.62% 7.19% 75.85% 42.01% 46.83% 84.08% 440.15% 216.54% 143.12% 61.66% 38.78% #DIV/0! 79.96% <-Median-> 10 Graham Price
Price Close $16.05 $15.00 $32.95 $17.75 $34.80 $50.07 $37.48 $31.36 $44.65 $56.51 $33.25 $52.52 $55.43 $55.43 $58.88 250.13% <-Total Growth 10 Stock price
Increase 29.44% -6.54% 119.67% -46.13% 96.06% 43.88% -25.14% -16.33% 42.38% 26.56% -41.16% 57.95% 5.54% 0.00% 6.22% 13.35% <-IRR #YR-> 10 Stock price 250.13%
P/E 8.82 8.82 31.08 10.82 10.09 18.01 19.22 22.89 25.51 182.29 -18.37 40.71 17.06 12.57 #DIV/0! 6.98% <-IRR #YR-> 5 Stock price 40.13%
Trailing P/E 13.72 8.24 19.38 16.75 21.22 14.51 13.48 16.08 32.59 32.29 107.26 -29.02 42.97 17.06 13.35 22.66% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D. per yr 9.31% 5.66% % Tot Ret 41.07% 44.77% Price Inc 26.56% P/E: 21.06 25.51 12.64% <-IRR #YR-> 5 Price & Dividend
-$15.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $52.52
-$37.48 $0.00 $0.00 $0.00 $0.00 $52.52
-$15.00 $1.82 $2.07 $2.04 $2.07 $2.40 $2.40 $2.40 $2.40 $2.40 $54.92
-$37.48 $2.40 $2.40 $2.40 $2.40 $54.92
Price H/L Median $14.60 $14.95 $24.08 $26.94 $25.87 $43.28 $41.51 $34.90 $37.52 $49.72 $42.83 $40.97 $53.46 6.22% 174.01% <-Total Growth 10 Stock price
Increase 29.20% 2.40% 61.04% 11.90% -3.97% 67.30% -4.09% -15.94% 7.51% 32.52% -13.85% -4.35% 30.50% 4.33% 10.61% <-IRR #YR-> 10 Stock price 174.01%
P/E 8.02 8.79 22.71 16.43 7.50 15.57 21.29 25.47 21.44 160.37 -23.66 31.76 16.45 10.55% -0.26% <-IRR #YR-> 5 Stock price -1.31%
Trailing P/E 12.48 8.21 14.16 25.42 15.77 12.54 14.93 17.89 27.38 28.41 138.16 -22.63 41.44 20.76% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 18.23 13.38 20.36 19.08 15.59 16.60 30.46 59.99 70.39 55.80 5.55% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 20.07 27.88 30.16 29.71 33.45 16.43 P/E Ratio Historical Median
Median 10, 5 Yrs D. per yr 10.16% 5.81% % Tot Ret 48.92% 104.76% Price Inc -4.35% P/E: 21.36 25.47 Count 13 Years of data
-$14.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $40.97
-$41.51 $0.00 $0.00 $0.00 $0.00 $40.97
-$14.95 $1.82 $2.07 $2.04 $2.07 $2.40 $2.40 $2.40 $2.40 $2.40 $43.37
-$41.51 $2.40 $2.40 $2.40 $2.40 $43.37
High Months Aug Oct Dec Mar Mar Dec Feb May Dec Dec Mar Dec Jan
Price High $17.05 $16.95 $32.95 $37.55 $34.80 $54.05 $54.76 $41.95 $44.89 $57.18 $57.72 $57.16 $57.24 237.23% <-Total Growth 10 Stock price
Increase 37.50% -0.59% 94.40% 13.96% -7.32% 55.32% 1.31% -23.39% 7.01% 27.38% 0.94% -0.97% 0.14% 12.93% <-IRR #YR-> 10 Stock price 237.23%
P/E 9.37 9.97 31.08 22.90 10.09 19.44 28.08 30.62 25.65 184.45 -31.89 44.31 17.61 0.86% <-IRR #YR-> 5 Stock price 4.38%
Trailing P/E 14.57 9.31 19.38 35.42 21.22 15.67 19.70 21.51 32.77 32.67 186.19 -31.58 44.37 22.90 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc 0.94% P/E: 26.87 30.62 33.73 P/E Ratio Historical High
-$16.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $57.16
-$54.76 $0.00 $0.00 $0.00 $0.00 $57.16
Low Months Jan Aug Jan Dec Feb Jun Nov Nov May Sep Dec Mar Apr
Price Low $12.15 $12.95 $15.20 $16.33 $16.94 $32.51 $28.26 $27.84 $30.14 $42.25 $27.94 $24.77 $49.68 91.27% <-Total Growth 10 Stock price
Increase 19.12% 6.58% 17.37% 7.43% 3.74% 91.91% -13.07% -1.49% 8.26% 40.18% -33.87% -11.35% 100.57% 6.70% <-IRR #YR-> 10 Stock price 91.27%
P/E 6.68 7.62 14.34 9.96 4.91 11.69 14.49 20.32 17.22 136.29 -15.44 19.20 15.29 -2.60% <-IRR #YR-> 5 Stock price -12.35%
Trailing P/E 10.38 7.12 8.94 15.41 10.33 9.42 10.17 14.28 22.00 24.14 90.13 -13.69 38.51 11.69 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -1.49% P/E: 14.42 19.20 6.32 P/E Ratio Historical Low
-$12.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.77
Long Term Debt $78.13 $148.32 $206.85 Tot long Term Debt
Change 89.85% 39.46% See notes Change
Debt/Market Cap Ratio 0.11 0.31 0.27 0.27 <-Median-> 3 Debt/Market Cap Ratio
Goodwill & Intangibles $141.39 $136.18 $136.81 $146.97 $327.86 $424.67 Intangibles Goodwill
Change -3.68% 0.46% 7.43% 123.07% 29.53% Change
Intangible/Market Cap Ratio 0.30 0.35 0.24 0.20 0.68 0.55 0.33 <-Median-> 6 Intangible/Market Cap Ratio
Market Cap $162 $166 $422 $223 $453 $621 $465 $391 $563 $744 $485 $776 $819 $819 $870 83.80% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 11.652 12.924 13.460 15.520 12.562 12.572 12.893 13.361 13.932 14.961 15.76% <-Total Growth 9 Diluted
Change 10.92% 4.15% 15.31% -19.06% 0.08% 2.55% 3.63% 4.28% 7.38% 4.15% <-Median-> 9 Change
Basic # of Shares in Millions 10.800 11.225 11.652 12.924 12.835 12.675 12.423 12.472 12.558 13.092 13.932 14.709 31.04% <-Total Growth 10 Basic
Change 12.15% 3.94% 3.80% 10.92% -0.69% -1.25% -1.99% 0.39% 0.69% 4.25% 6.41% 5.58% 2.25% <-Median-> 10 Change
Difference -6.7% -1.2% 10.0% -2.9% 1.4% -2.2% -0.1% 0.0% 0.4% 0.6% 4.7% 0.5% 0.46% <-Median-> 10 Difference
$95.41 <-12 mths 18.34%
# of Share in Millions 10.080 11.089 12.819 12.549 13.020 12.400 12.412 12.474 12.613 13.166 14.590 14.782 14.782 14.782 14.782 2.92% <-IRR #YR-> 10 Shares 33.30%
Change 4.67% 10.01% 15.60% -2.11% 3.76% -4.77% 0.10% 0.50% 1.12% 4.38% 10.82% 1.31% 0.00% 0.00% 0.00% 3.56% <-IRR #YR-> 5 Shares 19.10%
CF fr Op $Millon $21.28 $25.24 $37.07 $10.90 $54.39 $40.75 $27.88 $31.59 $72.64 $20.61 $80.62 $45.00 $72.58 $99.92 78.27% <-Total Growth 10 Cash Flow
Increase 15.25% 18.61% 46.89% -70.59% 398.81% -25.08% -31.58% 13.33% 129.91% -71.62% 291.15% -44.19% 61.30% 37.68% Deb. Conv SO, Iss Shares Buy Backs
5 year Running Average $22.6 $29.8 $33.7 $34.2 $33.1 $45.4 $38.7 $46.7 $50.1 $58.3 $63.7 68.22% <-Total Growth 8 CF 5 Yr Running
CFPS $2.11 $2.28 $2.89 $0.87 $4.18 $3.29 $2.25 $2.53 $5.76 $1.57 $5.53 $3.04 $4.91 $6.76 33.74% <-Total Growth 10 Cash Flow per Share
Increase 10.10% 7.82% 27.06% -69.95% 380.74% -21.33% -31.65% 12.76% 127.37% -72.81% 252.95% -44.91% 61.30% 37.68% 5.95% <-IRR #YR-> 10 Cash Flow 78.27%
5 year Running Average $2.01 $2.47 $2.70 $2.69 $2.62 $3.60 $3.08 $3.53 $3.69 $4.16 $4.36 10.05% <-IRR #YR-> 5 Cash Flow 61.40%
P/CF on Median Price 6.92 6.57 8.32 31.00 6.19 13.17 18.48 13.78 6.51 31.75 7.75 13.46 10.89 0.01 2.95% <-IRR #YR-> 10 Cash Flow per Share 33.74%
P/CF on Closing Price 7.60 6.59 11.39 20.43 8.33 15.24 16.69 12.38 7.75 36.09 6.02 17.25 11.29 8.20 6.27% <-IRR #YR-> 5 Cash Flow per Share 35.52%
-15.21% Diff M/C 5.32% <-IRR #YR-> 6 CFPS 5 yr Running #DIV/0!
Excl.Working Capital CF $0.00 -$2.13 -$9.71 $29.99 -$2.16 $15.48 $21.67 $7.30 -$15.65 $47.26 -$32.43 $9.98 $0.00 $0.00 6.47% <-IRR #YR-> 5 CFPS 5 yr Running 36.79%
CF fr Op $M WC $21.3 $23.1 $27.4 $40.9 $52.2 $56.2 $49.5 $38.9 $57.0 $67.9 $48.2 $55.0 $72.6 $99.9 137.92% <-Total Growth 10 Cash Flow less WC
Increase 100.42% 8.59% 18.44% 49.41% 27.73% 7.65% -11.88% -21.50% 46.51% 19.10% -28.99% 14.07% 32.01% 37.68% 9.05% <-IRR #YR-> 10 Cash Flow less WC 137.92%
5 year Running Average $24.7 $33.0 $40.0 $45.3 $47.6 $50.8 $53.9 $52.3 $53.4 $60.1 $68.7 2.10% <-IRR #YR-> 5 Cash Flow less WC 10.96%
CFPS Excl. WC $2.11 $2.08 $2.14 $3.26 $4.01 $4.53 $3.99 $3.12 $4.52 $5.16 $3.30 $3.72 $4.91 $6.76 4.94% <-IRR #YR-> 6 CF less WC 5 Yr Run #DIV/0!
Increase 91.47% -1.29% 2.45% 52.63% 23.10% 13.04% -11.96% -21.89% 44.89% 14.10% -35.92% 12.59% 32.01% 37.68% 3.36% <-IRR #YR-> 5 CF less WC 5 Yr Run 17.97%
5 year Running Average $2.14 $2.72 $3.20 $3.59 $3.78 $4.03 $4.26 $4.02 $3.96 $4.32 $4.77 5.96% <-IRR #YR-> 10 CFPS - Less WC 78.48%
P/CF on Median Price 6.92 7.17 11.28 8.27 6.45 9.54 10.40 11.19 8.30 9.64 12.97 11.01 -1.41% <-IRR #YR-> 5 CFPS - Less WC -6.83%
P/CF on Closing Price 7.60 7.20 15.43 5.45 8.68 11.04 9.39 10.06 9.88 10.96 10.07 14.12 11.29 8.20 3.60% <-IRR #YR-> 6 CFPS 5 yr Running #DIV/0!
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 13.31 5 yr 13.46 P/CF Med 10 yr 10.02 5 yr 11.01 12.65% Diff M/C 2.02% <-IRR #YR-> 5 CFPS 5 yr Running 10.50%
-$2.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.72 CFPS - Less WC
-$3.99 $0.00 $0.00 $0.00 $0.00 $3.72 CFPS - Less WC
-$3.20 $0.00 $0.00 $0.00 $0.00 $0.00 $3.96 CFPS 5 yr Running
-$3.59 $0.00 $0.00 $0.00 $0.00 $3.96 CFPS 5 yr Running
OPM 25.32% 30.96% 28.44% 5.47% 22.92% 15.55% 9.11% 10.05% 20.36% 5.15% 17.94% 8.46% -72.66% <-Total Growth 10 OPM
Increase -14.97% 22.25% -8.14% -80.76% 319.03% -32.17% -41.39% 10.29% 102.56% -74.70% 248.21% -52.81% Should increase or be stable.
Diff from Ave 97.9% 141.9% 122.2% -57.3% 79.1% 21.5% -28.8% -21.5% 59.1% -59.8% 40.1% -33.9% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 12.80% 5 Yrs 10.05% should be zero, it is a check on calculations
Current Assets $37.19 $44.18 $62.75 $75.17 $193.81 $151.06 $127.75 $116.50 $227.20 $193.57 $234.44 $197.28 Liquidity ratio of 1.5 and up, best
Current Liabilities $13.56 $17.71 $26.63 $37.71 $37.03 $58.86 $40.42 $27.27 $172.31 $113.98 $152.02 $124.77 2.17 <-Median-> 10 Ratio
Liquidity 2.74 2.49 2.36 1.99 5.23 2.57 3.16 4.27 1.32 1.70 1.54 1.58 1.58 <-Median-> 5 Ratio
Liq. with CF aft div 2.99 2.96 2.87 1.59 5.99 2.82 3.11 4.33 1.56 1.60 1.84 1.66 1.66 <-Median-> 5 Ratio
Liq. CF re Inv+Div 1.12 1.23 1.23 1.13 4.86 1.45 1.72 3.58 1.48 1.28 0.69 0.81 1.28 <-Median-> 5 Ratio
Curr Long Term Debt $0.500 $0.000 $55.177 $0.000
Liquidity Less CLTD 1.32 1.70 2.42 1.58 1.64 <-Median-> 4 Ratio
Liq. with CF aft div 1.57 1.60 2.89 1.66 1.63 <-Median-> 4 Ratio
Assets $144.35 $170.23 $210.68 $228.46 $387.85 $391.56 $394.57 $370.48 $485.36 $447.12 $739.74 $850.15 Debt Ratio of 1.5 and up, best
Liabilities $33.58 $59.27 $64.03 $102.93 $211.05 $230.85 $192.41 $180.79 $288.66 $237.39 $502.02 $605.59 1.86 <-Median-> 10 Ratio
Debt Ratio 4.30 2.87 3.29 2.22 1.84 1.70 2.05 2.05 1.68 1.88 1.47 1.40 1.68 <-Median-> 5 Ratio
Total Book Value $110.77 $110.96 $146.65 $125.54 $176.80 $160.72 $202.16 $189.70 $196.71 $209.73 $237.72 $244.56 $244.56 $244.56 $244.56
Debentures $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.11 $5.11 $8.24 $3.14 $6.91 $6.91 $6.91 $6.91 $6.91
Preferred Shares $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Book Value $110.77 $110.96 $146.65 $125.54 $176.80 $160.72 $197.05 $184.59 $188.47 $206.59 $230.81 $237.65 $237.65 $237.65 $237.65 114.18% <-Total Growth 10 Book Value
Book Value per Share $10.99 $10.01 $11.44 $10.00 $13.58 $12.96 $15.88 $14.80 $14.94 $15.69 $15.82 $16.08 $16.08 $16.08 $16.08 60.67% <-Total Growth 10 Book Value per Share
Change 18.15% -8.94% 14.33% -12.56% 35.73% -4.55% 22.49% -6.79% 0.97% 5.02% 0.81% 1.63% 0.00% 0.00% 0.00% 37.32% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.33 1.49 2.10 2.69 1.91 3.34 2.61 2.36 2.51 3.17 2.71 2.55 2.51 P/B Ratio Historical Median
P/B Ratio (Close) 1.46 1.50 2.88 1.77 2.56 3.86 2.36 2.12 2.99 3.60 2.10 3.27 3.45 3.45 3.66 4.86% <-IRR #YR-> 10 Book Value per Share 60.67%
Change 9.55% 2.64% 92.13% -38.40% 44.44% 50.73% -38.89% -10.23% 41.01% 20.52% -41.63% 55.42% 5.54% 0.00% 6.22% 0.25% <-IRR #YR-> 5 Book Value per Share 1.27%
Leverage (A/BK) 1.30 1.53 1.44 1.82 2.19 2.44 1.95 1.95 2.47 2.13 3.11 3.48 2.16 <-Median-> 10 A/BV
Debt/Equity Ratio 0.30 0.53 0.44 0.82 1.19 1.44 0.95 0.95 1.47 1.13 2.11 2.48 1.16 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.58 5 yr Med 2.55 33.57% Diff M/C 1.95 Historical 13 A/BV
-$10.01 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.08
-$15.88 $0.00 $0.00 $0.00 $0.00 $16.08
-$1.05 <-12 mths -142.00%
Comprehensive Income $13.18 $10.11 $61.45 $29.54 $29.54 $16.47 $28.55 $15.57 $2.49 $32.77 224.07% <-Total Growth 9 Comprehensive Income
Increase -23.28% 507.66% -51.93% 0.00% -44.23% 73.29% -45.45% -83.99% 1214.60% -44.23% <-Median-> 5 Comprehensive Income
5 Yr Running Average $28.77 $29.42 $33.11 $23.93 $18.53 $19.17 10.65% <-IRR #YR-> 9 Comprehensive Income #DIV/0!
ROE 9.0% 8.1% 34.8% 18.4% 15.0% 8.9% 15.1% 7.5% 1.1% 13.8% 2.10% <-IRR #YR-> 5 Comprehensive Income 10.94%
5Yr Median 13.7% 15.0% 15.0% 15.1% 15.0% 8.9% 8.9% -7.79% <-IRR #YR-> 5 5 Yr Running Average #DIV/0!
% Difference from NI 6.6% -52.3% 35.6% -18.3% 20.5% -4.2% 26.4% 279.8% -109.9% 69.8% -7.79% <-IRR #YR-> 5 5 Yr Running Average -33.35%
Median Values Diff 5, 10 yr 13.5% 26.4% 8.9% <-Median-> 5 Return on Equity
-$13.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $32.8
-$29.5 $0.0 $0.0 $0.0 $0.0 $32.8
-$28.8 $0.0 $0.0 $0.0 $0.0 $19.2
-$28.8 $0.0 $0.0 $0.0 $0.0 $19.2
Current Liability Coverage Ratio 1.57 1.30 1.03 1.08 1.41 0.96 1.23 1.43 0.33 0.60 0.32 0.44 CFO / Current Liabilities
5 year Median 1.08 1.30 1.08 1.08 1.23 1.23 0.96 0.60 0.44 0.99 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 14.74% 13.57% 12.99% 17.90% 13.47% 14.36% 12.56% 10.50% 11.74% 15.18% 6.52% 6.47% CFO / Total Assets
5 year Median 13.57% 13.57% 13.57% 13.47% 13.47% 12.56% 12.56% 11.74% 10.50% 12.8% <-Median-> 10 Return on Assets
Return on Assets ROA 13.6% 11.2% 5.9% 9.3% 11.7% 9.2% 6.2% 4.6% 4.7% 0.9% -3.4% 2.3% Net Income/Assets Return on Assets
5Yr Median 9.6% 11.2% 9.3% 9.2% 9.2% 6.2% 4.7% 4.6% 2.3% 5.3% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 17.7% 17.2% 8.4% 16.9% 25.6% 22.5% 12.4% 9.3% 12.0% 2.0% -10.9% 8.1% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 14.4% 17.5% 18.6% 17.3% 17.1% 16.1% 11.2% 4.3% 3.6% 10.6% <-Median-> 10 Return on Equity
-$13.12 <-12 mths 47.98%
Net Income $19.65 $19.04 $12.37 $21.21 $45.30 $36.16 $24.52 $17.19 $22.59 $4.10 -$25.23 $19.31 $49.6 $64.4 1.40% <-Total Growth 10 Net Income
Increase 68.94% -3.10% -35.05% 71.53% 113.57% -20.19% -32.17% -29.91% 31.43% -81.85% -715.34% 176.52% 156.91% 29.84% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $16.8 $23.5 $26.8 $27.9 $28.9 $29.2 $20.9 $8.6 $7.6 $14.1 $22.4 0.14% <-IRR #YR-> 10 Net Income 1.40%
Operating Cash Flow $21.28 $25.24 $37.07 $10.90 $54.39 $40.75 $27.88 $31.59 $72.64 $20.61 $80.62 $45.00 -4.67% <-IRR #YR-> 5 Net Income -21.27%
Investment Cash Flow -$22.68 -$24.95 -$35.43 -$15.69 -$8.62 -$55.96 -$32.80 -$5.70 -$9.94 -$29.06 -$251.61 -$129.67 -9.44% <-IRR #YR-> 8 5 Yr Running Average -67.72%
Total Accruals $21.05 $18.75 $10.72 $26.00 -$0.47 $51.37 $29.45 -$8.71 -$40.11 $12.55 $145.76 $103.98 -22.93% <-IRR #YR-> 5 5 Yr Running Average -72.80%
Total Assets $144.35 $170.23 $210.68 $228.46 $387.85 $391.56 $394.57 $370.48 $485.36 $447.12 $739.74 $850.15 Balance Sheet Assets
Accruals Ratio 14.58% 11.01% 5.09% 11.38% -0.12% 13.12% 7.46% -2.35% -8.26% 2.81% 19.70% 12.23% 2.81% <-Median-> 5 Ratio
EPS/CF Ratio 0.86 0.82 0.50 0.50 0.86 0.61 0.49 0.44 0.39 0.06 -0.55 0.35 0.46 <-Median-> 10 EPS/CF Ratio
-$19.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $19.3
-$24.5 $0.0 $0.0 $0.0 $0.0 $19.3
-$16.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7.6
-$27.9 $0.0 $0.0 $0.0 $0.0 $7.6
Chge in Close 29.44% -6.54% 119.67% -46.13% 96.06% 43.88% -25.14% -16.33% 42.38% 26.56% -41.16% 57.95% 5.54% 0.00% 6.22% Count 14 Years of data
up/down down down down down down down down up down down Count 10 71.43%
Any Predictions? Yes Yes Yes Yes Yes % right Count 5 50.00%
Financial Cash Flow $2.56 $0.27 $10.06 -$11.24 $58.93 -$58.90 -$23.22 -$30.56 $43.86 -$74.99 $203.93 $29.69 C F Statement Financial Cash Flow
Total Accruals $18.49 $18.48 $0.66 $37.23 -$59.40 $110.27 $52.67 $21.86 -$83.97 $87.54 -$58.17 $74.29 Accruals
Accruals Ratio 12.81% 10.86% 0.31% 16.30% -15.32% 28.16% 13.35% 5.90% -17.30% 19.58% -7.86% 8.74% 5.90% <-Median-> 5 Ratio
Cash $6.84 $2.17 $105.73 $25.30 $58.23 $2.77 Cash
Cash per Share $0.55 $0.17 $8.38 $1.92 $3.99 $0.19 $1.92 <-Median-> 5 Cash per Share
Percentage of Stock Price 1.47% 0.55% 18.77% 3.40% 12.00% 0.36% 3.40% <-Median-> 5 % of Stock Price
Annual Report perhaps mid February.
Notes:
April 30, 2017. Last estimates were for 2016 and 2017 of $561M and $621M for Revenue, $2.46 and $2.75 for EPS, $4.34 and $5.30 for CFPS and $35.6M and $42.5M for Net Income.
May 14, 2016. Last estimates were for 2015 and 2016 of $563M and $682M for Revenue, $1.70 and $3.27 for EPS, $4.46 and $5.27 for CFPS and $25.3M and $47.9M for Net Income
May 31, 2015. Last estimates were for 2014 and 2015 of $424M and $458M for Revenue, $2.87 and $3.33 for EPS, $4.75 and $5.04 for CFPS and $37M and $44.3M for Net Income.
May 19, 2014. Last estimates were for 2013, 2014 and 2015 of $333M, 372M and 378M for Revenue, $2.03, 2.54 and 2.42 for EPS, $3.13, 3.57 and 2.69 for CFPS.
May 15, 2013. Last estimates were for 2012 and 2013 of Revenues of $344M and $370M, EPS of $2.26 and $2.73 (and $2.84 2014).
Company has been affected by severe drought continitions in US.
May 4, 2012. Last estimates were for 2011 and 2012 of $313M and $354M for Revenue, $2.56 and $3.14 for EPS and $3.60 and $3.60 for CF
Recent increasse in Book Value is due to new accounting rules and under these rules Book value has decreased since 2010.
Aug 30, 2011. Last estimates for 2010 and 2011 were $2.65 and $3.15 for earnings and $3.45 and $3.85 for Cash Flow.
Aug 11, 2010. Last time I got 2010 and 2011 earnings of $2.80 and $3.22 and Cash Flow of $3.65 and $4.35. Earnings and cash flow for both years have been decreased.
Apr 29, 2010. I previously got estimates for 2009 and 2010 of $3.40 and $3.35 for earnings and $3.87 and $4.08 for Cash Flow.
Not all the financial statements connected properly, so I used google financial figures also. I cannot find any stock price before 2004 either.
Ag Growth was founded in 1996, but went public in May 2004. I cannot find financials beyond 2004. In June 2009, company was converted into a corporation.
Used to be a Unit Trust AFN.UN
Sector:
Manufacturing, Industrial
What should this stock accomplish?
I would expect volitility but over the longer term for the dividends to be moderate to good with low dividend growth.
Would I buy this company and Why.
Yes, I plan to continue to hold this stock and maybe buy more in the future.
Dividends
Dividends are paid monthly near the first of the month. Dividends are declared for shareholders of one month for payment in the following month.
For example, the dividend payable on February 14, 2014 was for shareholders of record of January 31, 2014.
Why am I following this stock.
I wanted to review all the income trust stocks touted in the Money Show of 2009. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yields.
Its median yield in 2009 was 7.9%. It was on the Canadian Dividend Aristocrats and this is why I first investigated this company.
Why I bought this stock.
By 2011 when I bought this stock, I have been interested in AFN for some time.
This stock is a play on the agricultural sector.
How they make their money.
Ag Growth International (AGI) is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers,
belt conveyors, storage bins, handling accessories and aeration equipment. AGI has manufacturing facilities in Canada, the United States, the United Kingdom and Finland.
For most ratios, lower is better when looking for a good stock price. However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better. With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date May 12 2013 May 19 2014 May 31 2015 May 14 2016 April 30 2017
Close, Timothy Jackson 0.051 0.35% 0.074 0.50%
CEO - Shares - Amount $2.688 $4.116
Options - percentage 0.020 0.14% 0.810 5.48%
Options - amount $1.050 $44.898
Sommerfeld, Steven Robert 0.044 0.35% 0.043 0.33% 0.041 0.28% 0.056 0.38% 0.619 4.19%
CFO - Shares - Amount $1.946 $2.439 $1.351 $2.918 $34.295
Options - percentage 0.049 0.39% 0.045 0.34% 0.045 0.31% -0.020 -0.14% 0.039 0.26%
Options - amount $2.171 $2.543 $1.496 -$1.050 $2.162
Anderson, Gary Keith 0.113 0.90% 0.134 1.02% 0.134 0.92% 0.172 1.16% Used to be CEO
Officer - Shares - Amount $5.063 $7.589 $4.465 $9.031
Options - percentage 0.035 0.27% 0.030 0.23% 0.030 0.21% 0.000 0.00%
Options - amount $1.542 $1.695 $0.998 $0.000
Braun, Ronald Edwin 0.012 0.09% 0.016 0.12% 0.012 0.08% 0.023 0.15% 0.023 0.15%
Officer - Shares - Amount $0.520 $0.884 $0.387 $1.197 $1.263
Options - percentage 0.017 0.13% 0.016 0.12% 0.016 0.11% 0.036 0.24% 0.011 0.07%
Options - amount $0.749 $0.902 $0.531 $1.888 $0.607
Giesselman, Janet 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00%
Director - Shares - Amount $0.000 $0.000 $0.000 $0.000
Options - percentage 0.001 0.01% 0.001 0.01% 0.002 0.02% 0.003 0.02%
Options - amount $0.039 $0.047 $0.131 $0.194
Brodie, Derek John Robert 0.003 0.02%
Director - Shares - Amount $0.134
Options - percentage 0.005 0.04%
Options - amount $0.235
Lambert, William Allen 0.067 0.51% 0.067 0.46% 0.078 0.53% 0.073 0.49%
Chairman - Shares - Amt $3.781 $2.224 $4.088 $4.037
Options - percentage 0.015 0.12% 0.017 0.12% 0.009 0.06% 0.011 0.07%
Options - amount $0.863 $0.579 $0.460 $0.607
Estate selling in 2012 0.250
Estate selling in 2012 0.136
Estate selling in 2012 0.114 $4.262
Increase in O/S Shares 0.065 0.52% 0.065 0.51% 0.015 0.12% 0.181 1.24% 0.047 0.32% DDCP Directors comp.
due to SO $2.023 $2.880 $0.861 $6.002 $2.483 SAIP Share Incentive
Book Value $2.479 $2.482 $0.749 $5.695 $1.640
Insider Buying $0.000 -$1.515 -$0.181
Insider Selling $0.000 $1.551 $0.372
Net Insider Selling $1.596 $0.000 $0.036 $0.192 Yes 0
% of Market Cap 0.21% 0.00% 0.00% 0.02%
Directors 6 6 6 6 7
Women 1 17% 1 17% 1 17% 1 17% 1 14%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 36 46.82% 38 38.74% 55 38.29% 50 45.31%
Total Shares Held 5.874 46.57% 5.066 38.48% 5.480 37.56% 6.640 44.92%
Increase/Decrease 0.317 5.71% -1.250 -19.79% 0.040 0.74% -0.226 -3.29%
Starting No. of Shares 5.557 6.316 5.440 6.865
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