Verde AgriTech Ltd
Anticipating a Recovery in H2-2024
Published: 4/10/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
![Anticipating a Recovery in H2-2024 - Main Image](/_next/image?url=https%3A%2F%2Ffrc-backend.s3.ca-central-1.amazonaws.com%2Fpictures%2F0b4e3c63-52f7-4233-a8c3-8c4eb774a556-Verde-Image-Banner.webp&w=1080&q=75)
Sector: Basic Materials | Industry: Agricultural Inputs
Ticker Symbols:
NPK.TO - TSX 🔹
VNPKF - NASDAQ 🔹
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $1.07 |
Fair Value | CAD $6.71 |
Risk | 4 |
Week Range | CAD $1.03-4.17 |
Shares O/S (M) | 53 |
Market Cap. (M) | CAD $56 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 1.2 |
Highlights
- 2023 revenue was down 53% YoY, and 12% lower than our estimate, due to lower product sales (down 32% YoY), and prices (down 30% YoY).
- EPS declined YoY from $0.34 to -$0.11, missing our forecast of -$0.09.
- In 2023, fertilizer demand was influenced by sluggish global GDP growth, elevated interest rates, volatile fertilizer prices, and harsher climate conditions.
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $1.07 |
Fair Value | CAD $6.71 |
Risk | 4 |
Week Range | CAD $1.03-4.17 |
Shares O/S (M) | 53 |
Market Cap. (M) | CAD $56 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 1.2 |