Farmland Partners Statistics
Total Valuation
FPI has a market cap or net worth of $524.89 million. The enterprise value is $880.24 million.
| Market Cap | 524.89M |
| Enterprise Value | 880.24M |
Important Dates
The next estimated earnings date is Monday, May 6, 2024, after market close.
| Earnings Date | May 6, 2024 |
| Ex-Dividend Date | Mar 28, 2024 |
Share Statistics
FPI has 48.16 million shares outstanding. The number of shares has increased by 14.40% in one year.
| Shares Outstanding | 48.16M |
| Shares Change (YoY) | +14.40% |
| Shares Change (QoQ) | +20.36% |
| Owned by Insiders (%) | 9.98% |
| Owned by Institutions (%) | 59.97% |
| Float | 43.08M |
Valuation Ratios
The trailing PE ratio is 20.57 and the forward PE ratio is 50.76.
| PE Ratio | 20.57 |
| Forward PE | 50.76 |
| PS Ratio | 9.13 |
| Forward PS | 9.57 |
| PB Ratio | 1.02 |
| P/FCF Ratio | 2.59 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 14.45, with an EV/FCF ratio of 4.35.
| EV / Earnings | 31.68 |
| EV / Sales | 15.32 |
| EV / EBITDA | 14.45 |
| EV / EBIT | 16.48 |
| EV / FCF | 4.35 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.70 |
| Debt / EBITDA | 5.93 |
| Debt / FCF | 1.78 |
| Interest Coverage | 2.36 |
Financial Efficiency
Return on equity (ROE) is 5.20% and return on invested capital (ROIC) is 2.06%.
| Return on Equity (ROE) | 5.20% |
| Return on Assets (ROA) | 2.50% |
| Return on Capital (ROIC) | 2.06% |
| Revenue Per Employee | $2.30M |
| Profits Per Employee | $1.11M |
| Employee Count | 25 |
| Asset Turnover | 0.05 |
| Inventory Turnover | 5.22 |
Taxes
| Income Tax | -166,000 |
| Effective Tax Rate | -0.60% |
Stock Price Statistics
The stock price has increased by +3.32% in the last 52 weeks. The beta is 0.75, so FPI's price volatility has been lower than the market average.
| Beta (1Y) | 0.75 |
| 52-Week Price Change | +3.32% |
| 50-Day Moving Average | 10.92 |
| 200-Day Moving Average | 11.32 |
| Relative Strength Index (RSI) | 55.37 |
| Average Volume (30 Days) | 337,632 |
Short Selling Information
The latest short interest is 2.96 million, so 6.14% of the outstanding shares have been sold short.
| Short Interest | 2.96M |
| Short Previous Month | 3.10M |
| Short % of Shares Out | 6.14% |
| Short % of Float | 6.87% |
| Short Ratio (days to cover) | 7.97 |
Income Statement
In the last 12 months, FPI had revenue of $57.47 million and earned $27.79 million in profits. Earnings per share was $0.53.
| Revenue | 57.47M |
| Gross Profit | 44.05M |
| Operating Income | 18.00M |
| Pretax Income | 30.75M |
| Net Income | 27.79M |
| EBITDA | 60.90M |
| EBIT | 53.40M |
| Earnings Per Share (EPS) | $0.53 |
Balance Sheet
The company has $5.92 million in cash and $361.26 million in debt, giving a net cash position of -$355.34 million or -$7.38 per share.
| Cash & Cash Equivalents | 5.92M |
| Total Debt | 361.26M |
| Net Cash | -355.34M |
| Net Cash Per Share | -$7.38 |
| Equity / Book Value | 515.88M |
| Book Value Per Share | 10.71 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $12.89 million and capital expenditures $189.66 million, giving a free cash flow of $202.55 million.
| Operating Cash Flow | 12.89M |
| Capital Expenditures | 189.66M |
| Free Cash Flow | 202.55M |
| FCF Per Share | $4.03 |
Margins
Gross margin is 76.66%, with operating and profit margins of 31.32% and 48.35%.
| Gross Margin | 76.66% |
| Operating Margin | 31.32% |
| Pretax Margin | 53.50% |
| Profit Margin | 48.35% |
| EBITDA Margin | 105.98% |
| EBIT Margin | 92.93% |
| FCF Margin | 352.47% |
Dividends & Yields
This stock pays an annual dividend of $0.24, which amounts to a dividend yield of 2.20%.
| Dividend Per Share | $0.24 |
| Dividend Yield | 2.20% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | 2 |
| Payout Ratio | 45.28% |
| Buyback Yield | -14.40% |
| Shareholder Yield | -12.20% |
| Earnings Yield | 5.29% |
| FCF Yield | 38.59% |
Analyst Forecast
The average price target for FPI is $15.00, which is 37.62% higher than the current price. The consensus rating is "Buy".
| Price Target | $15.00 |
| Price Target Difference | 37.62% |
| Analyst Consensus | Buy |
| Analyst Count | 1 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on October 17, 2014. It was a reverse split with a ratio of 1:4.
| Last Split Date | Oct 17, 2014 |
| Split Type | Reverse |
| Split Ratio | 1:4 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |