WallStSmart

Adecoagro SA (AGRO)vsCal-Maine Foods Inc (CALM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Cal-Maine Foods Inc generates 143% more annual revenue ($3.46B vs $1.43B). CALM leads profitability with a 20.1% profit margin vs -0.6%. CALM appears more attractively valued with a PEG of 2.20. CALM earns a higher WallStSmart Score of 59/100 (C).

AGRO

Hold

36

out of 100

Grade: F

Growth: 4.0Profit: 3.0Value: 5.7Quality: 5.5
Piotroski: 4/9Altman Z: 1.32

CALM

Buy

59

out of 100

Grade: C

Growth: 4.7Profit: 8.5Value: 7.3Quality: 7.8
Piotroski: 5/9Altman Z: 7.75
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AGROUndervalued (+40.2%)

Margin of Safety

+40.2%

Fair Value

$14.95

Current Price

$14.24

$0.71 discount

UndervaluedFair: $14.95Overvalued
CALMUndervalued (+25.8%)

Margin of Safety

+25.8%

Fair Value

$112.16

Current Price

$76.87

$35.29 discount

UndervaluedFair: $112.16Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AGRO1 strengths · Avg: 10.0/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

CALM5 strengths · Avg: 9.6/10
P/E RatioValuation
5.3x10/10

Attractively priced relative to earnings

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Altman Z-ScoreHealth
7.7510/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
27.3%9/10

Every $100 of equity generates 27 in profit

Profit MarginProfitability
20.1%9/10

Keeps 20 of every $100 in revenue as profit

Areas to Watch

AGRO4 concerns · Avg: 2.5/10
Operating MarginProfitability
2.4%3/10

Operating margin of 2.4%

Debt/EquityHealth
1.173/10

Elevated debt levels

PEG RatioValuation
75.972/10

Expensive relative to growth rate

Return on EquityProfitability
-0.4%2/10

ROE of -0.4% — below average capital efficiency

CALM3 concerns · Avg: 2.7/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Revenue GrowthGrowth
-53.0%2/10

Revenue declined 53.0%

EPS GrowthGrowth
-89.8%2/10

Earnings declined 89.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : AGRO

The strongest argument for AGRO centers on Price/Book. Revenue growth of 11.1% demonstrates continued momentum.

Bull Case : CALM

The strongest argument for CALM centers on P/E Ratio, Price/Book, Altman Z-Score. Profitability is solid with margins at 20.1% and operating margin at 5.4%.

Bear Case : AGRO

The primary concerns for AGRO are Operating Margin, Debt/Equity, PEG Ratio.

Bear Case : CALM

The primary concerns for CALM are PEG Ratio, Revenue Growth, EPS Growth.

Key Dynamics to Monitor

AGRO profiles as a turnaround stock while CALM is a declining play — different risk/reward profiles.

CALM carries more volatility with a beta of 0.30 — expect wider price swings.

AGRO is growing revenue faster at 11.1% — sustainability is the question.

AGRO generates stronger free cash flow (92M), providing more financial flexibility.

Bottom Line

CALM scores higher overall (59/100 vs 36/100), backed by strong 20.1% margins. AGRO offers better value entry with a 40.2% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Adecoagro SA

CONSUMER DEFENSIVE · FARM PRODUCTS · USA

Adecoagro SA is an agro-industrial company in South America. The company is headquartered in Luxembourg, Luxembourg.

Cal-Maine Foods Inc

CONSUMER DEFENSIVE · FARM PRODUCTS · USA

Cal-Maine Foods, Inc. produces, grades, packs, markets and distributes shell eggs. The company is headquartered in Jackson, Mississippi.

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