Adecoagro (AGRO) is a Brazilian company with most of its land in Argentina. Its production is mainly focused on sugar and ethanol but it is also a diversified agricultural commodity producer with soy, rice, corn and diary.
One of the main advantages are the low production costs, a clean ownership structure, land ownership, and a stock price below book value. Your stock screener or data provider will show a higher price to book value but this is due to the fact that the company’s subsidiaries account in local currencies which later get translated into the dollar. This creates huge comprehensive losses but doesn’t change much from a value perspective.
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