A Business at a Glance
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Andersons, Inc.
ANDE
$2.7B
Mkt Cap
$77.71
-0.69%
Andersons, Inc. (ANDE) has a current P/E ratio of 27.9, compared to its historical median P/E of 18.4. The stock is currently considered Fair based on its historical valuation range.
Andersons, Inc. (ANDE) has a 5-year average return on invested capital (ROIC) of 8.7%. This is below average and may indicate limited pricing power.
Andersons, Inc. (ANDE) has a market capitalization of $2.7B. It is classified as a mid-cap stock.
Yes, Andersons, Inc. (ANDE) pays a dividend with a trailing twelve-month yield of 1.02%. The company also returns capital through share buybacks, with a buyback yield of 0.58%.
Based on historical P/E analysis, Andersons, Inc. (ANDE) appears fair. The current P/E of 27.9 is 52% above its historical median of 18.4. The estimated fair value CAGR (P/E method) is 30.3%.
Andersons, Inc. (ANDE) operates in the Wholesale-Farm Product Raw Materials industry, within the Consumer Defensive sector.
Andersons, Inc. (ANDE) reported annual revenue of $11.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Company Overview The Andersons, Inc. (the "Company") is a leading, nimble North American agriculture and renewable fuels company. Founded in Maumee, Ohio in 1947, the Company is a significant player in the North American agricultural and renewable fuels supply chains. Segment Descriptions The Company's operations are classified into two reportable business segments: Agribusiness and Renewables. Both of these segments are organized based upon the nature of products and services offered and aligns with the management structure. See Note 10 to the Consolidated Financial Statements in Item 8 for information regarding business segments. The Agribusiness segment is a diversified business focusing on capturing profits through relationships with agricultural producers and end users as both a supplier and customer.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.0B | 11.0B | 11.3B | 14.8B | 17.3B | 12.6B |
| Net Income | 129M | 96M | 114M | 101M | 131M | 104M |
| EPS | $3.76 | $2.79 | $3.32 | $2.94 | $3.81 | $3.07 |
| Free Cash Flow | -105M | -56M | 182M | 796M | 179M | -127M |
| ROIC | 0.0% | 8.4% | 10.8% | 8.9% | 9.0% | 6.4% |
| Gross Margin | 6.6% | 6.5% | 6.2% | 5.1% | 3.9% | 4.7% |
| Debt/Equity | 1.03 | 0.58 | 0.54 | 0.50 | 0.78 | 1.11 |
| Dividends/Share | $0.79 | $0.79 | $0.77 | $0.75 | $0.73 | $0.71 |
| Operating Income | 0 | 165M | 176M | 185M | 228M | 171M |
| Operating Margin | 0.0% | 1.5% | 1.6% | 1.3% | 1.3% | 1.4% |
| ROE | 10.1% | 7.3% | 8.6% | 8.2% | 11.5% | 10.2% |
| Shares Outstanding | 34M | 34M | 34M | 34M | 34M | 34M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.5B | 4.2B | 3.9B | 3.7B | 3.0B | 8.0B | 8.1B | 12.6B | 17.3B | 14.8B | 11.3B | 11.0B | 11.0B |
| Gross Margin | 8.7% | 9.0% | 8.8% | 8.6% | 9.9% | 5.8% | 4.5% | 4.7% | 3.9% | 5.1% | 6.2% | 6.5% | 6.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 192M | 6.7M | 40M | 943K | 81M | 44M | 14M | 171M | 228M | 185M | 176M | 165M | 0 |
| Op. Margin | 4.2% | 0.2% | 1.0% | 0.0% | 2.7% | 0.5% | 0.2% | 1.4% | 1.3% | 1.3% | 1.6% | 1.5% | 0.0% |
| Net Income | 109M | -13M | 12M | 43M | 41M | 18M | 7.7M | 104M | 131M | 101M | 114M | 96M | 129M |
| Net Margin | 2.4% | -0.3% | 0.3% | 1.2% | 1.4% | 0.2% | 0.1% | 0.8% | 0.8% | 0.7% | 1.0% | 0.9% | 1.2% |
| Non-Recurring | -2.1M | 77M | 667K | 73M | 5.2M | 5.5M | 686K | 6.2M | 7.1M | 6.5M | 0 | 18M | 18M |
| Returns on Capital | |||||||||||||
| ROIC | 13.8% | 0.6% | 2.2% | 3.5% | 4.5% | 1.4% | 0.6% | 6.4% | 9.0% | 8.9% | 10.8% | 8.4% | 0.0% |
| ROE | 14.5% | -1.7% | 1.5% | 5.3% | 5.0% | 2.0% | 0.8% | 10.2% | 11.5% | 8.2% | 8.6% | 7.3% | 10.1% |
| ROA | 4.7% | -0.6% | 0.5% | 1.9% | 1.8% | 0.6% | 0.2% | 2.4% | 2.9% | 2.4% | 2.9% | 2.4% | 3.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -10M | 154M | 40M | 75M | -36M | 349M | -74M | -51M | 287M | 947M | 332M | 177M | 133M |
| Free Cash Flow | -70M | 82M | -38M | 41M | -178M | 183M | -152M | -127M | 179M | 796M | 182M | -56M | -105M |
| Owner Earnings | -81M | 74M | -52M | -17M | -132M | 186M | -273M | -241M | 141M | 809M | 190M | 27M | -18M |
| CapEx | 60M | 72M | 78M | 35M | 143M | 165M | 77M | 76M | 108M | 150M | 149M | 233M | 238M |
| Maint. CapEx | 62M | 78M | 84M | 86M | 90M | 146M | 189M | 179M | 135M | 125M | 128M | 133M | 133M |
| Growth CapEx | 0 | 0 | 0 | 0 | 52M | 19M | 0 | 0 | 0 | 25M | 21M | 100M | 105M |
| D&A | 62M | 78M | 84M | 86M | 90M | 146M | 189M | 179M | 135M | 125M | 128M | 133M | 133M |
| CapEx/OCF | N/A | 47.0% | 196.4% | 46.0% | N/A | 47.4% | N/A | N/A | 37.7% | 15.9% | 45.0% | 131.7% | 178.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 12M | 16M | 17M | 18M | 19M | 22M | 23M | 24M | 25M | 25M | 26M | 27M | 27M |
| Dividend Yield | 1.0% | 1.8% | 2.2% | 2.2% | 2.3% | 2.8% | 4.1% | 2.5% | 2.0% | 1.7% | 1.5% | 1.9% | 1.0% |
| Share Buybacks | 0 | 49M | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 1.7M | 2.3M | 15M | 15M |
| Buyback Yield | N/A | 6.7% | N/A | N/A | N/A | N/A | N/A | N/A | 1.1% | 0.1% | 0.2% | 0.8% | 0.6% |
| Stock-Based Comp | 8.6M | 1.9M | 7.0M | 6.1M | 6.6M | 16M | 10M | 11M | 11M | 13M | 14M | 17M | 18M |
| Debt Repayment | 0 | 92M | 98M | 57M | 121M | 608M | 560M | 531M | 30M | 50M | 84M | 36M | 36M |
| Balance Sheet | |||||||||||||
| Net Debt | 260M | 520M | 441M | 560M | 700M | 1.2B | 1.4B | 969M | 822M | 648K | 174M | 624M | 1.2B |
| Cash & Equiv. | 115M | 64M | 63M | 35M | 23M | 55M | 29M | 216M | 115M | 644M | 562M | 98M | 72M |
| Long-Term Debt | 299M | 436M | 397M | 418M | 496M | 1.0B | 886M | 600M | 493M | 563M | 608M | 560M | 569M |
| Debt/Equity | 0.47 | 0.76 | 0.65 | 0.73 | 0.87 | 1.34 | 1.45 | 1.11 | 0.78 | 0.50 | 0.54 | 0.58 | 1.03 |
| Interest Coverage | 8.8 | 0.3 | 1.9 | 0.0 | 2.9 | 2.7 | 0.8 | 4.6 | 4.0 | 3.9 | 5.5 | 3.5 | 3.5 |
| Equity | 803M | 764M | 774M | 815M | 830M | 974M | 962M | 1.1B | 1.2B | 1.3B | 1.4B | 1.2B | 1.3B |
| Total Assets | 2.4B | 2.4B | 2.2B | 2.2B | 2.4B | 3.9B | 4.3B | 4.6B | 4.6B | 3.9B | 4.1B | 3.7B | 3.9B |
| Total Liabilities | 1.5B | 1.6B | 1.4B | 1.3B | 1.5B | 2.7B | 3.1B | 3.3B | 3.2B | 2.3B | 2.5B | 2.4B | 2.6B |
| Intangibles | 67M | 120M | 106M | 113M | 99M | 175M | 140M | 117M | 101M | 86M | 69M | 64M | 64M |
| Retained Earnings | 645M | 615M | 609M | 633M | 648M | 643M | 626M | 703M | 808M | 883M | 971M | 1.0B | 1.1B |
| Working Capital | 227M | 241M | 258M | 260M | 190M | 505M | 485M | 908M | 945M | 1.2B | 1.1B | 690M | 686M |
| Current Assets | 1.3B | 1.1B | 1.1B | 999M | 1.0B | 1.9B | 2.4B | 3.4B | 3.5B | 2.8B | 2.9B | 2.4B | 2.6B |
| Current Liabilities | 1.0B | 888M | 800M | 739M | 833M | 1.4B | 1.9B | 2.5B | 2.5B | 1.6B | 1.7B | 1.7B | 1.9B |
| Per Share Data | |||||||||||||
| EPS | 3.84 | -0.46 | 0.41 | 1.50 | 1.46 | 0.55 | 0.23 | 3.07 | 3.81 | 2.94 | 3.32 | 2.79 | 3.76 |
| Owner EPS | -2.84 | 2.59 | -1.83 | -0.61 | -4.66 | 5.59 | -8.15 | -7.12 | 4.10 | 23.50 | 5.53 | 0.78 | -0.53 |
| Book Value | 28.25 | 26.84 | 27.41 | 28.77 | 29.22 | 29.25 | 28.69 | 31.66 | 34.84 | 37.27 | 39.78 | 36.28 | 37.08 |
| Cash Flow/Share | -0.35 | 5.41 | 1.40 | 2.66 | -1.25 | 10.47 | -2.22 | -1.51 | 8.35 | 27.51 | 9.65 | 5.16 | 7.65 |
| Dividends/Share | 0.47 | 0.58 | 0.63 | 0.65 | 0.67 | 0.69 | 0.70 | 0.71 | 0.73 | 0.75 | 0.77 | 0.79 | 0.79 |
| Shares Out. | 28.4M | 28.5M | 28.3M | 28.3M | 28.4M | 33.3M | 33.5M | 33.9M | 34.4M | 34.4M | 34.3M | 34.3M | 34.2M |
| Valuation | |||||||||||||
| P/E Ratio | 11.5 | N/A | 88.2 | 17.7 | 17.2 | 39.2 | 94.8 | 11.8 | 8.7 | 19.1 | 11.8 | 19.0 | 20.7 |
| P/FCF | N/A | 9.0 | N/A | 18.5 | N/A | 3.9 | N/A | N/A | 6.4 | 2.4 | 7.4 | N/A | N/A |
| EV/EBIT | 45.4 | 23.4 | 92.8 | 52.3 | 87.0 | 91.2 | 115.7 | 51.6 | 52.8 | 25.4 | 24.4 | 31.9 | N/A |
| Price/Book | 1.6 | 1.0 | 1.3 | 0.9 | 0.9 | 0.7 | 0.8 | 1.1 | 1.0 | 1.5 | 1.0 | 1.5 | 2.1 |
| Price/Sales | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 |
| FCF Yield | -5.5% | 11.1% | -3.7% | 5.4% | -24.9% | 25.6% | -20.7% | -10.3% | 15.7% | 41.1% | 13.6% | -3.1% | -3.9% |
| Market Cap | 1.3B | 734M | 1.0B | 753M | 714M | 717M | 731M | 1.2B | 1.1B | 1.9B | 1.3B | 1.8B | 2.7B |
| Avg. Price | 45.23 | 31.69 | 27.71 | 29.22 | 29.13 | 24.00 | 16.55 | 27.61 | 36.33 | 43.78 | 49.40 | 41.06 | 77.71 |
| Year-End Price | 44.26 | 25.82 | 36.17 | 26.58 | 25.15 | 21.55 | 21.81 | 36.32 | 33.19 | 56.26 | 39.13 | 53.14 | 77.71 |
Andersons, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Andersons, Inc. trades at 27.9x trailing earnings, compared to its 15-year median P/E of 18.4x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 8.7% with a gross margin of 5.3%. Total shareholder yield (dividends + buybacks) is 1.6%. At current prices, the estimated annualized return to fair value is +36.0%.
Andersons, Inc. (ANDE) has a net profit margin of 0.9%. This is a modest margin.
Andersons, Inc. (ANDE) generated $-56 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Andersons, Inc. (ANDE) has a debt-to-equity ratio of 0.58. This indicates moderate leverage.
Andersons, Inc. (ANDE) reported earnings per share (EPS) of $2.79 in its most recent fiscal year.
Andersons, Inc. (ANDE) has a return on equity (ROE) of 7.3%. This indicates moderate shareholder returns.
Andersons, Inc. (ANDE) has a 5-year average gross margin of 5.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Andersons, Inc. (ANDE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Andersons, Inc. (ANDE) has a book value per share of $36.28, based on its most recent annual SEC filing.