Forafric Global Stock Fair Value Calculator – FORAFRIC GLOBAL Reports USD 145.6 Million in Revenue for Q2 of 2023, Down 6.0% Year-on-Year
December 15, 2023
🌥️Earnings Overview
For the second quarter of the 2023 fiscal year ending June 30, 2023, FORAFRIC GLOBAL ($NASDAQ:AFRI) reported total revenue of USD 145.6 million, a 6.0% decrease from the same period in 2023.
Analysis – Forafric Global Stock Fair Value Calculator
GoodWhale has conducted an in-depth analysis of FORAFRIC GLOBAL‘s wellbeing and concluded that the fair value of their share is around $8.1, as calculated by our proprietary Valuation Line. This figure shows that the stock of FORAFRIC GLOBAL is currently being traded at $11.0, which means that the stock is overvalued by 35.6%. This suggests that there may be a good opportunity for investors to capitalize on the current market conditions if they decide to enter the market and purchase FORAFRIC GLOBAL’s stock. That being said, investors should keep in mind that stock prices are subject to change at any given time and conduct their own due diligence before investing in any stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Forafric Global. More…
| Total Revenues | Net Income | Net Margin |
| 280.4 | -19.5 | -5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Forafric Global. More…
| Operations | Investing | Financing |
| 3.3 | -5.03 | -6.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Forafric Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 341.64 | 307.27 | 1.01 |
Key Ratios Snapshot
Some of the financial key ratios for Forafric Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | – | -2.9% |
| FCF Margin | ROE | ROA |
| -0.9% | -15.7% | -1.5% |
Peers
Its major competitors include Don Agro International Ltd, Groupe Minoteries SA, and KSG Agro SA, all of which offer a comprehensive range of products and services for the agricultural industry.
– Don Agro International Ltd ($SGX:GRQ)
Don Agro International Ltd is a world-leading agribusiness company specializing in the production and distribution of agricultural products for commercial, industrial, and retail use. The company has a current market cap of 24.79M and its Return on Equity (ROE) stands at -0.64%. This suggests that the company is not profitable, as its operating activities are not generating enough income to cover its equity investments. Despite this, Don Agro International Ltd continues to be a leader in the agribusiness industry, offering quality products and services to customers around the world.
– Groupe Minoteries SA ($LTS:0QMM)
Groupe Minoteries SA is a French grain production and grain-based food production company. Founded in 1884, the company has been providing high-quality grains and grain-based products for over 130 years. As of 2023, the company has a market capitalization of 85.14 million Euros, reflecting its strong market position and financial performance. The company’s Return on Equity (ROE) has also been healthy, at 5.02%, indicating an impressive level of profitability for the company’s shareholders. Groupe Minoteries SA has a well-established reputation for quality, reliability, and customer service, and continues to be a leader in the grain production market.
– KSG Agro SA ($LTS:0Q3Q)
KSG Agro SA is a publicly traded agricultural company based in Poland. It specializes in the production and distribution of feed and fodder, as well as other food products. As of 2023, the company has a market cap of 4.73M and a negative return on equity (ROE) of -15.18%. This suggests that the company is not generating any profits, and that investors may be shying away from investing in the stock. However, the company’s long-term prospects may be more optimistic given its business operations and current share price.
Summary
For the second quarter of the 2023 fiscal year ending June 30, 2023, FORAFRIC GLOBAL reported total revenue of USD 145.6 million, a 6.0% decrease from the same period last year. Net income was reported at USD -8.6 million, a slight decline from the previous year’s -8.2 million. This is a modest negative result for investors, with revenue decreasing by 6.0% while net income decreasing only slightly. While the company may be offering dividends and other benefits to shareholders, its weak financial performance could be a red flag for potential investors.
