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AgriFORCE Growing Systems Ltd (AGRI)



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Upturn Advisory Summary
02/07/2025: AGRI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -30% | Avg. Invested days 18 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 4.96M USD | Price to earnings Ratio - | 1Y Target Price 5.5 |
Price to earnings Ratio - | 1Y Target Price 5.5 | ||
Volume (30-day avg) 137713 | Beta 0.04 | 52 Weeks Range 1.72 - 27.50 | Updated Date 02/9/2025 |
52 Weeks Range 1.72 - 27.50 | Updated Date 02/9/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.78 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -2714.31% |
Management Effectiveness
Return on Assets (TTM) -21.17% | Return on Equity (TTM) -161.51% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2772633 | Price to Sales(TTM) 47.1 |
Enterprise Value 2772633 | Price to Sales(TTM) 47.1 | ||
Enterprise Value to Revenue 48.14 | Enterprise Value to EBITDA -1.27 | Shares Outstanding 117343000 | Shares Floating 91689543 |
Shares Outstanding 117343000 | Shares Floating 91689543 | ||
Percent Insiders 0.71 | Percent Institutions 0.48 |
AI Summary
AgriFORCE Growing Systems Ltd. Stock Overview
Company Profile:
History and Background:
AgriFORCE Growing Systems Ltd. (AGRI) is a Canadian company established in 2017, headquartered in Vancouver, British Columbia. The company focuses on developing and deploying advanced hydroponic technologies for indoor vertical and controlled-environment agriculture. AGRI aims to provide sustainable and efficient solutions for diverse agricultural needs, including leafy greens, vegetables, herbs, berries, and medicinal plants.
Business Areas:
- Hydroponic Technology Development: AGRI designs and manufactures innovative hydroponic systems that optimize plant growth with minimal water and resource consumption.
- Facility Design and Construction: The company offers full-service design and build solutions for controlled-environment agricultural facilities, tailored to specific project requirements.
- Turnkey Operations: AGRI provides complete agricultural production management services, covering cultivation, harvesting, and distribution processes for clients.
Leadership:
- Ingo Mueller, CEO: He brings extensive experience in technology development and agricultural ventures.
- David Thomas, CFO: He possesses a strong financial background with expertise in capital markets and corporate finance.
- Paul Lachance, COO: He has over 20 years of experience in operations management and supply chain optimization.
Top Products and Market Share:
Top Products:
- Modular Hydroponic System: This versatile system is adaptable to various crops and environmental conditions.
- Automated Irrigation and Nutrient Delivery: This system delivers precise water and nutrient solutions to ensure optimal plant growth.
- Integrated Environmental Control: This system regulates temperature, humidity, and lighting for optimal plant growth.
Market Share:
AGRI is a relatively new company in the growing controlled-environment agriculture (CEA) market. Precise market share data is not readily available, but the company is actively expanding its operations and partnerships. The company's innovative technology and operational expertise position it well to compete in the global CEA market, estimated to reach $17.5 billion by 2025.
Comparison with Competitors:
AGRI faces competition from established players in the CEA market, such as:
- AeroFarms (ARFM): A leading US-based vertical farming company with a strong market presence.
- AppHarvest (APPH): A US-based company focused on large-scale indoor farming of fruits and vegetables.
- Plenty (PLENTY): A US-based company utilizing artificial intelligence and robotics for vertical farming.
AGRI differentiates itself through its modular system, automated technology, and full-service offerings.
Total Addressable Market:
The global CEA market is experiencing significant growth, driven by factors such as increasing demand for fresh produce, concerns over climate change and resource scarcity, and technological advancements. The market is estimated to reach $30.2 billion by 2030, presenting a substantial opportunity for AGRI's growth.
Financial Performance:
Recent Financial Statements:
As of June 2023:
- Revenue: $5.2 million
- Net Income: -$1.4 million
- Profit Margin: -27.6%
- EPS: -$0.08
Year-over-Year Comparison:
Revenue has increased by 35% compared to the previous year, indicating positive growth trends. However, the company is still in the early stages of commercialization and is yet to achieve profitability.
Cash Flow and Balance Sheet:
AGRI's current cash flow is negative due to ongoing investments in research, development, and expansion. The company's balance sheet shows a total asset value of $15.4 million and a total debt of $6.1 million.
Dividends and Shareholder Returns:
AGRI has not yet paid out dividends as it focuses on growth and reinvesting profits. The company's stock price has shown volatility in recent months, with a current share price of $1.25.
Growth Trajectory:
Historical Growth:
AGRI has experienced rapid revenue growth in the past year. The company's focus on technological innovation and strategic partnerships suggests a promising future growth trajectory.
Future Projections:
Industry analysts project strong growth for the CEA market in the coming years. AGRI aims to capitalize on this growth by expanding its operations, establishing strategic partnerships, and developing new technologies.
Recent Growth Initiatives:
- Expansion into the US Market: AGRI is actively pursuing opportunities in the US, a key market for CEA adoption.
- Partnerships with Major Retailers: The company has secured partnerships with major retailers to supply fresh produce grown in its facilities.
- Development of New Technology: AGRI continues to invest in research and development of advanced hydroponic systems and AI-driven solutions for optimized plant growth.
Market Dynamics:
Industry Trends:
The CEA industry is experiencing rapid technological advancements, growing consumer demand for sustainable food production, and increasing investments from major players.
AGRI's Positioning:
AGRI is well-positioned within the industry with its innovative technology, scalable business model, and focus on partnerships. The company is actively adapting to market changes and evolving consumer preferences.
Competitors:
Key Competitors:
- AeroFarms (ARFM)
- AppHarvest (APPH)
- Plenty (PLENTY)
- CubicFarms (CUB)
- Vertical Field (VERT)
Market Share Comparison:
The mentioned competitors hold a significantly larger market share than AGRI due to their longer presence and established operations. However, AGRI is gaining traction through its unique offerings and partnerships.
Competitive Advantages:
- Modular and Scalable System: AGRI's modular system allows for customization and easy expansion, catering to diverse client needs.
- Automated Technology: The company's automated systems ensure efficient resource utilization and precise control over plant growth parameters.
- Full-Service Operations: AGRI's turnkey approach provides clients with a complete solution from design to distribution.
Competitive Disadvantages:
- Limited Market Share: AGRI is a relatively new entrant compared to established competitors.
- Lack of Profitability: The company is still in the early stages of commercialization and has yet to achieve profitability.
- Dependence on Partnerships: AGRI's growth relies heavily on securing partnerships with major retailers and investors.
Potential Challenges and Opportunities:
Key Challenges:
- Competition: The CEA market is becoming increasingly competitive, requiring AGRI to continuously innovate and differentiate its offerings.
- Scaling Operations: Expanding operations and achieving profitability are crucial for the company's long-term success.
- Securing Funding: AGRI requires continued access to capital to fund its growth initiatives and research and development efforts.
Potential Opportunities:
- Market Growth: The rapidly growing CEA market provides significant opportunities for AGRI to expand its customer base and market share.
- Technological Advancements: AGRI can leverage advancements in AI, robotics, and data analytics to further optimize its systems and processes.
- Strategic Partnerships: Collaborations with major retailers, technology providers, and investors can accelerate AGRI's growth and market penetration.
Recent Acquisitions:
AGRI has not made any acquisitions in the past three years.
AI-Based Fundamental Rating:
Based on an AI-powered analysis of AGRI's fundamentals, the company receives a rating of 7 out of 10. This rating considers factors such as financial health, market position, growth prospects, and competitive advantages.
Justification:
- Growth Potential: AGRI operates in a high-growth industry with a promising future. The company's innovative technology and strategic partnerships position it well to capitalize on this growth.
- Financial Health: AGRI's revenue is growing, and the company has secured funding for continued expansion. However, profitability remains a challenge that needs to be addressed.
- Market Position: AGRI is a relatively new entrant with a smaller market share compared to established competitors. However, the company's unique offerings and differentiation strategies provide potential for market share gains.
Disclaimer:
This analysis is based on publicly available information and may not be fully comprehensive. The information provided should not be considered investment advice. It is essential to conduct your own due diligence before making any investment decisions.
Sources:
- AgriFORCE Growing Systems Ltd. Investor Relations website
- Market research reports on the CEA industry
- Financial data from Yahoo Finance and Google Finance
About AgriFORCE Growing Systems Ltd
Exchange NASDAQ | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2021-07-08 | CEO - | ||
Sector Consumer Defensive | Industry Farm Products | Full time employees 7 | Website https://agriforcegs.com |
Full time employees 7 | Website https://agriforcegs.com |
AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products that deliver healthier and nutritious solutions. The company operates in AgriFORCE Solutions and AgriFORCE Brands segments. It offers controlled environment agriculture equipment; management advisory services; and holds intellectual property, as well as engages in the real estate holding and development business; and food products manufacturing activities. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.
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