Adecoagro S.A (ACD) - Net Assets
Based on the latest financial reports, Adecoagro S.A (ACD) has net assets worth €1.79 Billion EUR (≈ $2.10 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.25 Billion ≈ $6.14 Billion USD) and total liabilities (€3.46 Billion ≈ $4.04 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Adecoagro S.A total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.79 Billion |
| % of Total Assets | 34.15% |
| Annual Growth Rate | 6.37% |
| 5-Year Change | 71.05% |
| 10-Year Change | 166.84% |
| Growth Volatility | 24.67 |
Adecoagro S.A - Net Assets Trend (2013–2025)
This chart illustrates how Adecoagro S.A's net assets have evolved over time, based on quarterly financial data. Check Adecoagro S.A tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Adecoagro S.A (2013–2025)
The table below shows the annual net assets of Adecoagro S.A from 2013 to 2025. For live valuation and market cap data, see ACD market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.79 Billion ≈ $2.10 Billion |
+27.28% |
| 2024-12-31 | €1.41 Billion ≈ $1.65 Billion |
+11.26% |
| 2023-12-31 | €1.27 Billion ≈ $1.48 Billion |
+8.77% |
| 2022-12-31 | €1.16 Billion ≈ $1.36 Billion |
+11.05% |
| 2021-12-31 | €1.05 Billion ≈ $1.23 Billion |
+8.73% |
| 2020-12-31 | €963.72 Million ≈ $1.13 Billion |
-6.33% |
| 2019-12-31 | €1.03 Billion ≈ $1.20 Billion |
-7.15% |
| 2018-12-31 | €1.11 Billion ≈ $1.30 Billion |
+71.77% |
| 2017-12-31 | €645.13 Million ≈ $754.23 Million |
-3.95% |
| 2016-12-31 | €671.67 Million ≈ $785.26 Million |
+27.35% |
| 2015-12-31 | €527.42 Million ≈ $616.61 Million |
-32.14% |
| 2014-12-31 | €777.23 Million ≈ $908.66 Million |
-9.03% |
| 2013-12-31 | €854.35 Million ≈ $998.82 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Adecoagro S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1084.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €509.73 Million | 30.79% |
| Other Components | €1.15 Billion | 69.21% |
| Total Equity | €1.66 Billion | 100.00% |
Adecoagro S.A Competitors by Market Cap
The table below lists competitors of Adecoagro S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SL Science Holding Limited Ordinary Shares
NASDAQ:SLBT
|
$1.48 Billion |
|
DOMS Industries Limited
NSE:DOMS
|
$1.48 Billion |
|
Hillman Solutions Corp
NASDAQ:HLMN
|
$1.48 Billion |
|
MY EG Services Bhd
KLSE:0138
|
$1.48 Billion |
|
Shanghai Liangxin Electrical Co Ltd
SHE:002706
|
$1.48 Billion |
|
Tianjin Chase Sun Pharmaceutical Co Ltd
SHE:300026
|
$1.48 Billion |
|
Lendlease Group
AU:LLC
|
$1.48 Billion |
|
Shanghai Pret Composites
SHE:002324
|
$1.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adecoagro S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,369,150,000 to 1,655,342,000, a change of 286,192,000 (20.9%).
- Net loss of 8,348,000 reduced equity.
- Dividend payments of 35,000,000 reduced retained earnings.
- Share repurchases of 10,210,000 reduced equity.
- New share issuances of 303,687,000 increased equity.
- Other factors increased equity by 36,063,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-8.35 Million | -0.5% |
| Dividends Paid | €35.00 Million | -2.11% |
| Share Repurchases | €10.21 Million | -0.62% |
| Share Issuances | €303.69 Million | +18.35% |
| Other Changes | €36.06 Million | +2.18% |
| Total Change | €- | 20.90% |
Book Value vs Market Value Analysis
This analysis compares Adecoagro S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.62x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €5.43 | €8.79 | x |
| 2018-12-31 | €9.13 | €8.79 | x |
| 2019-12-31 | €8.44 | €8.79 | x |
| 2020-12-31 | €7.89 | €8.79 | x |
| 2021-12-31 | €9.11 | €8.79 | x |
| 2022-12-31 | €10.41 | €8.79 | x |
| 2023-12-31 | €11.59 | €8.79 | x |
| 2024-12-31 | €13.68 | €8.79 | x |
| 2025-12-31 | €11.61 | €8.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adecoagro S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.58%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 3.17x
- Recent ROE (-0.50%) is below the historical average (3.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -3.02% | -4.01% | 0.38x | 2.00x | €-111.26 Million |
| 2014 | 1.44% | 1.54% | 0.44x | 2.14x | €-65.85 Million |
| 2015 | -1.08% | -0.83% | 0.50x | 2.61x | €-57.60 Million |
| 2016 | 0.31% | 0.23% | 0.60x | 2.19x | €-64.37 Million |
| 2017 | 1.56% | 1.07% | 0.58x | 2.51x | €-54.00 Million |
| 2018 | -2.31% | -3.10% | 0.35x | 2.14x | €-130.99 Million |
| 2019 | -0.08% | -0.09% | 0.35x | 2.55x | €-99.60 Million |
| 2020 | 0.04% | 0.05% | 0.33x | 2.68x | €-92.09 Million |
| 2021 | 12.92% | 11.63% | 0.44x | 2.55x | €29.55 Million |
| 2022 | 9.60% | 8.02% | 0.43x | 2.76x | €-4.47 Million |
| 2023 | 18.41% | 17.42% | 0.41x | 2.57x | €103.38 Million |
| 2024 | 6.74% | 6.08% | 0.49x | 2.28x | €-44.58 Million |
| 2025 | -0.50% | -0.58% | 0.27x | 3.17x | €-173.88 Million |
Industry Comparison
This section compares Adecoagro S.A's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $946,355,869,915
- Average return on equity (ROE) among peers: -35.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adecoagro S.A (ACD) | €1.79 Billion | -3.02% | 1.93x | $1.48 Billion |
| China Modern Dairy Holdings Ltd (07M) | $7.95 Billion | 4.04% | 1.20x | $1.11 Billion |
| AFFINOR GROWERS INC. (1AF0) | $289.15K | -355.92% | 5.57x | $402.14K |
| Bumitama Agri Ltd (2BU) | $9.43 Trillion | 7.28% | 0.85x | $1.75 Billion |
| Dole plc (4CB) | $1.50 Billion | 3.42% | 1.93x | $1.18 Billion |
| GOLDEN AGRI-RES ADR/100 (4G3) | $5.18 Billion | 3.81% | 0.88x | $2.59 Billion |
| ICE FISH FARM AS NK-10 (4YYA) | $268.65 Million | -11.39% | 0.80x | $51.49 Million |
| BRASI.CIA BRAS.D.PROP.ADR (52BA) | $2.18 Billion | 0.00% | 0.57x | $336.70 Million |
| P/F Bakkafrost (6BF) | $11.04 Billion | 4.80% | 0.72x | $2.24 Billion |
| China Shengmu Organic Milk Limited (7OM) | $4.18 Billion | -1.57% | 1.03x | $300.20 Million |
| KINGFISH COMPANY EO -01 (93G) | $75.65 Million | -9.67% | 0.87x | $10.13 Million |
About Adecoagro S.A
Adecoagro S.A., engages in agricultural and agro-industrial activities in Argentina, Brazil, Chile, and Uruguay. The company operates through three segments: Sugar, Ethanol and Energy, Fertilizers and Farming. The company is involved in the production of a range of agricultural commodities, including soybean, corn, wheat, peanut, sunflower, cotton, and others; planting, harvesting, processing, an… Read more