Agree Realty Corporation (ADC)
Total Valuation
Agree Realty has a market cap or net worth of $6.33 billion. The enterprise value is $8.55 billion.
| Market Cap | 6.33B |
| Enterprise Value | 8.55B |
Important Dates
The next estimated earnings date is Tuesday, February 13, 2024, after market close.
| Earnings Date | Feb 13, 2024 |
| Ex-Dividend Date | Dec 28, 2023 |
Share Statistics
Agree Realty has 100.52 million shares outstanding. The number of shares has increased by 20.80% in one year.
| Shares Outstanding | 100.52M |
| Shares Change (YoY) | +20.80% |
| Shares Change (QoQ) | +4.53% |
| Owned by Insiders (%) | 1.62% |
| Owned by Institutions (%) | 96.63% |
| Float | 98.52M |
Valuation Ratios
The trailing PE ratio is 36.81 and the forward PE ratio is 33.78. Agree Realty's PEG ratio is -28.74.
| PE Ratio | 36.81 |
| Forward PE | 33.78 |
| PS Ratio | 12.41 |
| Forward PS | 10.81 |
| PB Ratio | 1.21 |
| P/FCF Ratio | n/a |
| PEG Ratio | -28.74 |
Enterprise Valuation
| EV / Earnings | 54.31 |
| EV / Sales | 16.78 |
| EV / EBITDA | 20.84 |
| EV / EBIT | 35.14 |
| EV / FCF | n/a |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.43 |
| Debt / EBITDA | 5.44 |
| Debt / FCF | n/a |
| Interest Coverage | 3.22 |
Financial Efficiency
Return on equity (ROE) is 3.20% and return on invested capital (ROIC) is 3.19%.
| Return on Equity (ROE) | 3.20% |
| Return on Assets (ROA) | 2.20% |
| Return on Capital (ROIC) | 3.19% |
| Revenue Per Employee | $6.71M |
| Profits Per Employee | $2.07M |
| Employee Count | 76 |
| Asset Turnover | 0.07 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Agree Realty has paid $2.92 million in taxes.
| Income Tax | 2.92M |
| Effective Tax Rate | 1.82% |
Stock Price Statistics
The stock price has decreased by -11.82% in the last 52 weeks. The beta is 0.54, so Agree Realty's price volatility has been lower than the market average.
| Beta (1Y) | 0.54 |
| 52-Week Price Change | -11.82% |
| 50-Day Moving Average | 58.74 |
| 200-Day Moving Average | 62.50 |
| Relative Strength Index (RSI) | 64.55 |
| Average Volume (30 Days) | 927,835 |
Short Selling Information
The latest short interest is 2.53 million, so 2.52% of the outstanding shares have been sold short.
| Short Interest | 2.53M |
| Short Previous Month | 1.65M |
| Short % of Shares Out | 2.52% |
| Short % of Float | 2.57% |
| Short Ratio (days to cover) | 2.94 |
Income Statement
In the last 12 months, Agree Realty had revenue of $509.86 million and earned $157.49 million in profits. Earnings per share was $1.71.
| Revenue | 509.86M |
| Gross Profit | 449.34M |
| Operating Income | 242.70M |
| Pretax Income | 167.85M |
| Net Income | 157.49M |
| EBITDA | 410.37M |
| EBIT | 243.45M |
| Earnings Per Share (EPS) | $1.71 |
Balance Sheet
The company has $6.39 million in cash and $2.23 billion in debt, giving a net cash position of -$2.23 billion or -$22.14 per share.
| Cash & Cash Equivalents | 6.39M |
| Total Debt | 2.23B |
| Net Cash | -2.23B |
| Net Cash Per Share | -$22.14 |
| Equity / Book Value | 5.24B |
| Book Value Per Share | 52.17 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $386.76 million and capital expenditures -$1.52 billion, giving a free cash flow of -$1.13 billion.
| Operating Cash Flow | 386.76M |
| Capital Expenditures | -1.52B |
| Free Cash Flow | -1.13B |
| FCF Per Share | -$11.61 |
Margins
Gross margin is 88.13%, with operating and profit margins of 47.60% and 30.89%.
| Gross Margin | 88.13% |
| Operating Margin | 47.60% |
| Pretax Margin | 32.92% |
| Profit Margin | 30.89% |
| EBITDA Margin | 80.49% |
| EBIT Margin | 47.75% |
| FCF Margin | -221.45% |
Dividends & Yields
This stock pays an annual dividend of $2.92, which amounts to a dividend yield of 4.64%.
| Dividend Per Share | $2.92 |
| Dividend Yield | 4.64% |
| Earnings Yield | 2.49% |
| FCF Yield | -17.84% |
| Dividend Growth (YoY) | 4.06% |
| Payout Ratio | 170.70% |
| Buyback Yield | -20.80% |
| Shareholder Yield | -16.16% |
Analyst Forecast
The average price target for Agree Realty is $67.06, which is 6.53% higher than the current price. The consensus rating is "Buy".
| Price Target | $67.06 |
| Price Target Difference | 6.53% |
| Analyst Consensus | Buy |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | 10.67% |
| EPS Growth Forecast (5Y) | 1.58% |
Stock Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 6 |