BrasilAgro - Companhia Brasileira de Propriedades Agrícolas S.A. ADR (LND) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.08	—	—	$315.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	-$0.9	—	—	$893.7M	—
FY25	—	$1.39	—	—	$1.1B	—
FY24	—	$2.28	—	—	$190.4M	—
FY23	—	$2.72	—	—	$1.2B	—
FY22	—	$5.26	—	—	$1.4B	—
FY21	—	$4.56	—	—	$693.3M	—
FY20	—	$2.01	—	—	$544.8M	—
FY19	—	$3.11	—	—	$498.7M	—
FY18	—	$2.22	—	—	$285M	—
FY17

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$172M	$285M	$498.7M	$544.8M	$693.3M	$1.4B	$1.2B	$190.4M	$1.1B	$893.7M
YoY change	+16.4%	+65.7%	+75%	+9.25%	+27.3%	+97.4%	-12.2%	-84.2%	+455.3%	-15.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	172M	285M	498.7M	544.8M	693.3M	1.4B	1.2B	190.4M	1.1B	893.7M
Cost of revenue	124.1M	129.2M	262.5M	323.4M	201.8M	592.9M	808M	132.1M	719.3M	797.4M
Gross profit	47.9M	155.7M	236.2M	221.4M	491.5M	775.9M	393.7M	58.3M	—	96.3M
Gross margin	27.8%	54.7%	47.4%	40.6%	70.9%	56.7%	32.8%	30.6%	—	10.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	37.6M	45M	49.3M	58.2M	67.1M	81.8M	92.3M	19M	—	125.7M
Operating expenses	43.1M	45.3M	50.7M	58.9M	76.9M	91.3M	115.4M	21.9M	13.8M	137.9M
Operating income	4.8M	110.4M	185.5M	162.5M	413.5M	683.3M	275.1M	36.1M	216.7M	-46.7M
Operating margin	2.81%	38.7%	37.2%	29.8%	59.6%	49.9%	22.9%	19%	20.5%	-5.22%
Non-operating income, net	10.1M	44M	13.7M	-70.4M	-226.6M	-81.3M	63.5M	-7M	-19.3M	-4.9M
Pretax income	33.3M	152.3M	199.8M	133.5M	298.1M	637.3M	281.7M	35.8M	—	-147.3M
Income tax	5.9M	25.9M	22.7M	14M	-19.5M	117.2M	13.2M	-6.6M	—	-57.3M
Net income	27.3M	126.3M	177.1M	119.6M	317.6M	520.1M	268.5M	42.4M	—	-90M
Net margin	15.9%	44.3%	35.5%	21.9%	45.8%	38%	22.3%	22.3%	—	-10.1%
EBITDA	42.7M	175M	228.4M	289.2M	659.5M	869.3M	358.1M	70.3M	301.8M	40.9M
EPS	0.48	2.22	3.11	2.01	4.56	5.26	2.72	2.28	1.39	-0.9
Diluted EPS	0.48	2.22	3.11	2.01	4.45	5.23	2.7	2.27	1.38	-0.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q2 26	Q3 26	Q4 26
Revenue	526.4M	270.8M	153.8M	121.8M	88.3M	86.7M	153.1M	170.3M	279.5M	189.1M	145.8M	253.9M
Cost of revenue	251.8M	253.6M	156.6M	103.7M	36.1M	60.9M	88.3M	115.5M	195.5M	172.3M	118.9M	195.5M
Gross profit	274.6M	17.2M	-2.9M	18.1M	52.3M	25.8M	64.8M	54.8M	—	16.7M	26.9M	58.4M
Gross margin	52.2%	6.35%	-1.87%	14.9%	59.1%	29.8%	42.3%	32.2%	—	8.84%	18.5%	23%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	28.5M	27.7M	21.8M	28.4M	4.5M	5.4M	28.9M	28.7M	—	28.3M	32M	36.7M
Operating expenses	57.5M	29.7M	25.3M	27.9M	6.4M	5.7M	32.6M	28.5M	—	32M	31.5M	48M
Operating income	220.6M	-15.7M	-29.2M	-10.8M	46.6M	19.4M	35.3M	26M	—	-12.4M	-5.9M	10.3M
Operating margin	41.9%	-5.81%	-19%	-8.86%	52.7%	22.4%	23.1%	15.3%	—	-6.55%	-4.01%	4.07%
Non-operating income, net	33M	-4.1M	34.1M	13.8M	-14M	4.3M	-100M	55.4M	—	-7.8M	-10.8M	-17.4M
Pretax income	233.1M	21.9M	-3.3M	-31.8M	38.3M	19.1M	-44.1M	9M	—	-17.2M	-25.4M	-27.3M
Income tax	-9.6M	-8.1M	2.6M	-1.6M	-5.3M	440.4K	-24.5M	10.1M	—	-19.7M	-11.1M	-13.4M
Net income	242.7M	30M	-5.8M	-30.1M	43.5M	18.7M	-19.6M	-1.1M	—	2.5M	-14.3M	-13.9M
Net margin	46.1%	11.1%	-3.79%	-24.8%	49.3%	21.5%	-12.8%	-0.64%	—	1.33%	-9.81%	-5.49%
EBITDA	241.5M	69.8M	-13.9M	11.3M	57.2M	28.2M	94.8M	2.3M	—	77.4M	36M	-425K
EPS	2.37	0.29	-0.06	-0.29	2.27	0.95	-0.2	-0.11	0.6	0.03	-0.14	-0.14
Diluted EPS	2.37	0.29	-0.06	-0.29	2.27	0.95	-0.2	-0.11	0.6	0.03	-0.14	-0.14

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.3B	1.2B	1.4B	1.3B	—	—	3B	—	—	355.6M	355.6M
Enterprise value	1.3B	1.3B	1.6B	1.8B	—	—	3.5B	—	—	1.6B	1.6B
Shares outstanding	334.5M	332.6M	332.8M	346.8M	407M	577.7M	577.5M	18.6M	99.6M	99.6M	99.6M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	46.2	9.14	7.82	10.7	—	—	11.1	—	—	—	—
P/S	7.33	4.05	2.78	2.36	—	—	2.49	—	—	0.4	0.4
P/B	1.89	1.53	1.57	1.14	—	—	1.36	—	—	0.18	0.18
EV/EBITDA	31	7.51	7.04	6.15	—	—	9.64	—	—	39.2	39.2
EV/Sales	7.69	4.61	3.22	3.26	—	—	2.87	—	—	1.79	1.79
Earnings yield	2.17%	10.9%	12.8%	9.32%	—	—	8.98%	—	—	—	—
FCF yield	3.14%	-3.93%	0.55%	2.75%	—	—	3.17%	—	—	16%	16%

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	27.8%	54.7%	47.4%	40.6%	70.9%	56.7%	32.8%	30.6%	—	10.8%	10.8%
Operating margin	2.81%	38.7%	37.2%	29.8%	59.6%	49.9%	22.9%	19%	20.5%	-5.22%	-5.22%
Net margin	15.9%	44.3%	35.5%	21.9%	45.8%	38%	22.3%	22.3%	—	-10.1%	-10.1%
ROE	4.09%	16.7%	20.1%	10.7%	14.6%	23.5%	12.2%	10.4%	—	-4.44%	-4.44%
ROA	3.09%	10.7%	13%	5.85%	9.27%	15.5%	7.65%	6.29%	—	-2.43%	-2.43%
ROIC	0.54%	10%	14.9%	9%	20.8%	23.4%	9.87%	6.38%	—	-1.43%	-1.43%
Return on tangible assets	3.1%	10.7%	13.1%	5.86%	9.27%	15.6%	7.66%	6.3%	—	-2.43%	-2.43%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.09	1.83	1.95	1.54	2.66	3.28	2.14	2.06	—	1.54	1.54
Quick ratio	0.7	1.18	1.08	0.91	1.94	2.14	1.45	1.21	—	0.77	0.77
Debt / equity	0.17	0.37	0.38	0.59	0.4	0.32	0.4	0.48	—	0.71	0.71
Debt / assets	0.13	0.23	0.25	0.33	0.25	0.21	0.25	0.29	—	0.39	0.39
Net debt / EBITDA	1.44	0.92	0.97	1.71	-0.3	0.2	1.28	2.26	—	30.5	30.5
Interest coverage	4.71	6.29	12	6.29	11.4	10.4	6.47	3.85	—	-0.42	-0.42
Effective tax rate	17.9%	17%	11.4%	10.5%	0%	18.4%	4.68%	0%	—	0%	0%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	0.51	0.86	1.5	1.57	1.7	2.37	2.08	10.2	10.6	8.97	8.97
EPS (basic)	0.48	2.22	3.11	2.01	4.56	5.26	2.72	2.28	1.39	-0.9	-0.9
EPS (diluted)	0.48	2.22	3.11	2.01	4.45	5.23	2.7	2.27	1.38	-0.9	-0.9
Book value per share	2	2.27	2.65	3.23	5.36	3.84	3.8	21.9	—	20.3	20.3
FCF per share	0.12	-0.14	0.02	0.1	0.24	0.27	0.16	0.11	—	0.57	0.57
Cash per share	0.15	0.35	0.33	0.49	2.6	0.92	0.71	1.95	—	1.86	1.86
Capex per share	0.08	0.13	0.13	0.07	0.05	0.09	0.11	0.69	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	14.8%	15.1%	8.76%	4.6%	2.7%	3.71%	5.06%	6.72%	—	—	—
Capex / operating cash flow	26.6%	65.7%	24.2%	19.9%	10.6%	12.5%	13.4%	26.6%	—	—	—
Payout ratio	117.3%	10.3%	23.2%	41.8%	13.2%	88.4%	119.2%	140.6%	—	-83.3%	-83.3%
Dividend yield	2.54%	1.12%	2.96%	3.9%	—	—	10.7%	—	—	21.1%	21.1%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.2761

ex-dividend Oct 24, 2024

Payout ratio

-83%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 24, 2024	$0.2761
Oct 25, 2023	$0.641
Oct 28, 2022	$0.6218
Apr 14, 2022	$0.4077
Oct 28, 2021	$0.4786
Oct 19, 2020	$0.1309
Oct 17, 2019	$0.2216
Oct 12, 2017	$0.0739

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q2 26	Q3 26	Q4 26
Revenue	$526.4M	$270.8M	$153.8M	$121.8M	$88.3M	$86.7M	$153.1M	$170.3M	$279.5M	$189.1M	$145.8M	$253.9M
YoY change	+84.4%	-14.2%	-16.9%	-36.1%	-83.2%	-68%	-0.43%	+39.8%	+216.4%	+23.5%	-14.4%	-9.17%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	50.8M	115.5M	110.7M	171M	1.1B	530.4M	412M	36.3M	—	184.9M
Receivables	44.3M	78.6M	112.6M	145.7M	162.5M	367.6M	386M	66.7M	—	291.5M
Inventory	60.9M	131.6M	196.9M	254.3M	476.3M	554.9M	430.6M	83M	—	549.5M
Total current assets	171.1M	372.3M	440.8M	616.6M	1.8B	1.6B	1.3B	202.8M	—	1.1B
Property, plant & equipment	53.8M	83.9M	106.9M	215.1M	187.3M	242.4M	312.7M	80.7M	507.5M	470.7M
Goodwill & intangibles	3.3M	2.8M	3.1M	2.9M	2.2M	1.6M	1.9M	837.5K	—	5M
Total assets	883.3M	1.2B	1.4B	2B	3.4B	3.3B	3.5B	674.1M	—	3.7B
Accounts payable	37.8M	48.5M	37.7M	55.6M	75.2M	80.4M	62M	12.6M	—	64.7M
Short-term debt	56.6M	70.1M	103.1M	243.1M	352.6M	142M	253.7M	47.6M	—	558.6M
Total current liabilities	157.2M	203.2M	226.6M	400.1M	661.3M	484M	631.9M	98.6M	—	707.6M
Long-term debt	55.6M	205.9M	230.2M	423.4M	509.6M	560.2M	618.3M	147.6M	—	873.2M
Total liabilities	215.8M	423.7M	477.1M	922.8M	1.2B	1.1B	1.3B	266.5M	—	1.7B
Shareholders' equity	667.5M	755.9M	880.5M	1.1B	2.2B	2.2B	2.2B	407.6M	—	2B
Total debt	112.2M	276M	333.3M	666.5M	862.2M	702.2M	872M	195.2M	—	1.4B
Net debt	68.4M	171.7M	226.7M	495.4M	-196.9M	266.7M	488.1M	163.2M	—	1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q4 23	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q2 26	Q3 26	Q4 26
Cash & short-term investments	491.5M	412M	220.1M	225.6M	36.3M	34.6M	47.6M	81.2M	—	54.6M	94M	184.9M
Receivables	337.1M	386M	330M	368.2M	66.7M	101M	425.6M	494.6M	—	384.3M	409.7M	291.5M
Inventory	550.2M	430.6M	499M	526.2M	83M	78.5M	579.9M	645.4M	—	594.9M	638.4M	549.5M
Total current assets	1.5B	1.3B	1.1B	1.2B	202.8M	221.4M	1.1B	1.3B	—	1.1B	1.2B	1.1B
Property, plant & equipment	288.9M	312.7M	306.1M	310.6M	80.7M	99.1M	527.2M	524.6M	507.5M	502.8M	494.8M	470.7M
Goodwill & intangibles	1.5M	1.9M	3.1M	3.4M	837.5K	953K	5.4M	5.3M	—	10.5M	10.4M	5M
Total assets	3.5B	3.5B	3.3B	3.3B	674.1M	738.8M	3.9B	4B	—	3.7B	3.8B	3.7B
Accounts payable	253M	62M	179.4M	219.6M	12.6M	40.9M	200.9M	241M	—	202.6M	164.9M	64.7M
Short-term debt	110.3M	253.7M	280.9M	340.5M	47.6M	55.9M	304.6M	457.8M	—	434.1M	587.5M	558.6M
Total current liabilities	579.2M	631.9M	486.7M	597.3M	98.6M	110.1M	647.5M	791.1M	—	668.2M	814.3M	707.6M
Long-term debt	560M	618.3M	767.1M	724.3M	147.6M	170.8M	944.9M	881.1M	—	888.9M	856.3M	873.2M
Total liabilities	1.2B	1.3B	1.3B	1.4B	266.5M	303.8M	1.7B	1.8B	—	1.7B	1.8B	1.7B
Shareholders' equity	2.3B	2.2B	2B	2B	407.6M	435M	2.2B	2.2B	—	2.1B	2B	2B
Total debt	670.4M	872M	1B	1.1B	195.2M	226.7M	1.2B	1.3B	—	1.3B	1.4B	1.4B
Net debt	234.5M	488.1M	851.8M	863.6M	163.2M	196.5M	1.2B	1.3B	—	1.3B	1.4B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	27.3M	126.3M	177.1M	119.6M	317.6M	520.1M	268.5M	42.4M	—	-90M
Depreciation & amortization	15M	23.2M	23.1M	60.2M	110M	82.6M	88.5M	15M	—	79.5M
Stock-based compensation	0	844K	1.6M	1.5M	2.5M	3.2M	5.9M	336.6K	—	1.1M
Change in working capital	63.2M	-7.2M	21.3M	97.5M	302.6M	224.9M	214.6M	6M	—	154.1M
Operating cash flow	95.8M	65.6M	180.3M	126.1M	176.2M	407.7M	453.7M	48M	-135.2M	120.8M
Capital expenditure	-25.5M	-43.1M	-43.7M	-25.1M	-18.7M	-50.8M	-60.8M	-12.8M	—	—
Investing cash flow	-19.5M	-37.8M	-14.8M	-20.7M	-180.2M	-89.7M	55M	-5.2M	—	5.9M
Dividends paid	-32M	-13M	-41M	-50M	-42M	-460M	-320M	-59.7M	—	-75M
Share repurchases	-14.7M	-610K	0	—	—	—	—	—	—	—
Financing cash flow	-55.6M	135.8M	-23.6M	104.5M	971.3M	-696.1M	-230.4M	-41.5M	—	45.1M
Net change in cash	20.7M	163.5M	141.9M	209.9M	967.4M	-378.1M	278.4M	1.3M	-135.2M	171.8M
Free cash flow	39.6M	-45.4M	7.7M	35.3M	98.7M	154.3M	95M	2.1M	—	56.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q3 26	Q4 26
Net income	-12.9M	-3.3M	242.7M	30M	-5.8M	-30.1M	43.5M	18.7M	-19.6M	-1.1M	-14.3M	-13.9M
Depreciation & amortization	19.6M	17.1M	26.4M	31.7M	8.6M	12M	5.2M	7.9M	9.4M	16.2M	11.7M	20.5M
Stock-based compensation	1M	1M	639K	0	0	0	336.6K	86.2K	450K	450K	358K	358K
Change in working capital	-13.6M	-11.9M	237.3M	29M	-28.6M	43.4M	-1.5M	-1.5M	-99M	31.9M	87.9M	74M
Operating cash flow	-92.5M	-14.9M	495.7M	-39.8M	-12.7M	47.5M	49.6M	20.4M	-164.3M	-34.8M	-46.1M	122.4M
Capital expenditure	-6.4M	-7.1M	-30.6M	-15M	-9.3M	-16.2M	-5.2M	-4.5M	-1.2M	—	—	—
Investing cash flow	-6.4M	-7.1M	-30.6M	-15M	-9.3M	-16.2M	-5.2M	-4.6M	-1.6M	12K	0	0
Dividends paid	-320M	0	0	0	-319M	-75K	2.2K	0	-154.5M	0	0	8K
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-159.1M	6.5M	-22.6M	-13.3M	-117.4M	2.7M	-17.6M	2.9M	-100.1M	88.6M	96.4M	30.4M
Net change in cash	-258M	-15.5M	442.5M	-68.1M	-139.4M	34M	26.8M	18.7M	-265.9M	53.7M	50.4M	152.7M
Free cash flow	-13.8M	-84.9M	192.1M	-25.9M	-30.1M	12.8M	10.1M	-5M	-1.3M	-56.8M	-58.7M	94.6M

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas S.A. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement