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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (AGRO3) Fair Value & Analysis

Consumer Defensive · BR · Market cap R$1.9B

BC BrasilAgro - Companhia Brasileira de Propriedades Agrícolas AGRO3 · SA
PriceR$18.07
Fair ValueR$21.92
Upside+21.3%
Quality48/100
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Mixed Growth
Loss-making · -1.6% net margin
Low debt · generates free cash flow
4.02% dividend yield
Trails peers (5/13)
Narrow moat 18/100
Evidence: High Range R$16.59 – R$29.44 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Share price −2.7% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from R$16.59 (bear) to R$29.44 (bull), base R$21.92. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

R$27.23 R$15.86 Fair Value R$21.92 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range R$15.86 – R$27.23 · fair‑value band R$16.59 – R$29.44 · the R$18.07 price screens below the R$21.92 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (AGRO3) currently trades at R$18.07, while our model-based Fair Value estimate is R$21.92, implying the stock looks roughly 21.3% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, BrasilAgro - Companhia Brasileira de Propriedades Agrícolas generated revenue of R$939M at a net margin of -1.6%. Revenue declined 15.5% year over year. It earns a return on equity of -0.7%. Net debt stands at R$1.2B. Fundamentals as of Jul 14, 2026

Our scenario range runs from R$16.59 (bear case) to R$29.44 (bull case); at R$18.07, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 21%, AGRO3 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF R$3.88 R$9.42 R$18.11 80
Residual Income R$16.59 R$17.08 R$16.67 76
Rev-Margin DCF R$1.21 R$4.20 R$10.52 74
All 24 models by family
DCF Models
FCF DCF R$4.39 R$8.12 R$19.26 38
Owner Earnings R$13.30 R$31.55 R$65.41 31
5Y Revenue Exit R$0.8000 R$3.20 R$8.15 39
5Y EBITDA Exit R$5.86 R$13.43 R$28.26 41
5Y P/E Exit R$13.96 R$38.50 R$72.40 38
10Y Revenue Exit R$1.94 R$6.58 R$8.91 36
10Y EBITDA Exit R$5.41 R$16.53 R$35.89 37
10Y P/E Exit R$10.81 R$32.42 R$68.87 35
Earnings-Based
Graham-Dodd R$9.42 R$65.70 R$92.21 54
Lynch FV R$32.69 R$46.71 R$60.72 50
PEG = 1.0 R$32.69 R$46.71 R$60.72 46
Dividend Discount
Gordon GGM R$12.17 R$21.92 R$30.18 70
DDM Multi-Stage R$12.17 R$20.03 R$23.42 61
Multiples
P/E Multiple R$21.82 R$29.10 R$36.37 63
P/S Multiple R$10.47 R$13.96 R$17.45 58
P/B Multiple R$17.67 R$23.55 R$29.44 55
EV/EBIT R$1.10 R$2.30 53
EV/EBITDA R$6.38 R$9.75 R$13.12 54
EV/Revenue R$1.07 43
Asset-Based
NCAV (Graham) R$10.93 R$14.65 R$21.86 50
Growth DCF
Growth DCF R$3.88 R$9.42 R$18.11 80
Rev-Margin DCF R$1.21 R$4.20 R$10.52 74
Economic Profit
Residual Income R$16.59 R$17.08 R$16.67 76
Growth Earnings
Growth-Adj P/E R$43.06 R$61.52 R$79.98 68

Widest divergence: Growth Earnings (R$61.52) versus Growth DCF (R$4.20). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) R$939M
Revenue growth (YoY) -15.5%
Net margin -1.6%
Return on equity -0.7%
Free cash flow R$59.3M FY2025
Operating margin -7.3%
More key figures
EPS (TTM) R$-0.1600
Dividend yield 4.0%
EPS growth (YoY) -73.5%
Net debt R$1.2B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 44

Profitability 32
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of agricultural properties in Brazil, Paraguay, and Bolivia. It operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other.

Full company description

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of agricultural properties in Brazil, Paraguay, and Bolivia. It operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other. The company is involved in the cultivation of soybean, corn, sugarcane, sesame, sorghum, bean, and cotton lint and seed, as well as pasture; and production and sale of beef calves after weaning. It also engages in exploration, import, and export of agricultural activities and inputs, cattle raising, livestock, investment properties; and forestry activities; purchases, sells, and rents real estate in rural and/or urban properties; and sale of the raw products. In addition, the company provides real estate brokerage services; manages third-party assets; and operates farms through own and leased lands. BrasilAgro - Companhia Brasileira de Propriedades Agrícolas was incorporated in 2005 and is headquartered in São Paulo, Brazil.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported revenue of R$869M in FY2025 versus R$640M in FY2021, a compound +7.9%/yr. Reported net income was R$138M in FY2025, compounding −18.8%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$869M
Latest YoY
−14.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−8.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.4%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+49.1%
Revenue +7.9%/yr
FY21 R$640M
FY22 R$1.1B
FY23 R$856M
FY24 R$1.0B
FY25 R$869M
Net income −18.8%/yr
FY21 R$318M
FY22 R$520M
FY23 R$269M
FY24 R$227M
FY25 R$138M

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Cite: Fair Value Calculator (2026). "BrasilAgro - Companhia Brasileira de Propriedades Agrícolas Fair Value". https://www.fairvalue-calculator.com/stock/AGRO3

Peer Group

Farm Products · 288 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside +21% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -2% · Below median
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 4.0% · Above median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.40× · Cheaper than median
P/FCF 6.3× · Pricier than 75% of peers
PEG 0.03× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 62 · sector 25
FUTURE 0 · sector 20
PAST 0 · sector 17
HEALTH 88 · sector 94
DIVIDEND 80 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (AGRO3) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of R$21.92 versus a price of R$18.07, about +21% (undervalued).
What is the fair value of AGRO3?
Our model-based fair value for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas is R$21.92 (as of Jul 14, 2026), built from audited fundamentals. The current price is R$18.07.
What is the quality score of AGRO3?
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (AGRO3)?
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported trailing-twelve-month revenue of about R$939M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of AGRO3?
The net profit margin of BrasilAgro - Companhia Brasileira de Propriedades Agrícolas is about -1.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does BrasilAgro - Companhia Brasileira de Propriedades Agrícolas pay a dividend?
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas currently shows a dividend yield of about 4.07% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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