Cresud SA (CRES) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Cresud SA ARS 957, price ARS 2,040, upside -53.1%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 66.91 ARS – 2,120 ARS · fair‑value band 925.10 ARS – 956.83 ARS · the 2,040 ARS price screens above the 956.83 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Cresud, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.
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Cresud, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments. It is also involved in the management, development, and ownership of shopping malls, office buildings, and hotels; sale of grain derivatives, such as flour and oil; production and sale of crops, such as soybean, sugarcane, wheat, corn, oilseed, and sunflower, as well as sorghum and peanuts; and breeding, purchasing, and/or fattening of cattle for sale to slaughterhouses and supermarkets. In addition, it leases its farms to third parties for agriculture, cattle breeding, and seed production; and offers agricultural services. The company was incorporated in 1936 and is headquartered in Buenos Aires, Argentina.
Stock analysis
Cresud SA (CRES) currently trades at 2,040 ARS, while our model-based Fair Value estimate is 956.83 ARS, implying the stock looks roughly 113.2% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 6,277 ARS per share, and 7 of the 10 models we run sit above the 2,040 ARS price.
Bear case: the Asset-Based group reads lowest at 914.94 ARS, and 3 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: 925.10 ARS (bear) to 956.83 ARS (bull), the price of 2,040 ARS sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cresud SA reported revenue of 959B ARS in FY2024 versus 121B ARS in FY2020, a compound +67.7%/yr. Reported net income was 127B ARS in FY2024, compounding +138.5%/yr from FY2020. FY2020 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.2T ARS (≈ $849M) · P/E ratio 7.0 · P/S ratio 0.93 · EPS (TTM) 289.54 ARS · Dividend yield 5.1% · Net margin 13.3% · Return on equity 16.0% · Return on assets (EBIT) 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 38% fair-value upside, at −53%, CRES screens richer than that median.
Fair Value models
Bear 925.10 ARSFair Value 956.83 ARSBull 956.83 ARS
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+403.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+182.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+63.3%
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+51.1%
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What shareholders gained per year (last 5 years), in ARS ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ARS: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +93.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+88.7%
Dividend (yield on the price)5.1%
Profit margin 2018 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 20%
⚠ Approximate: the rate leans on 2024, which sits 213% above its own trend.
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Conglomerates · 378 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−53% · Bottom 25%
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets2% · Above median
Net margin (TTM)18% · Top 25%
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)5.1% · Top 25%
Balance sheet
Debt / equity0.69× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (TTM)7.0× · Cheapest 25%
P/B1.25× · Pricier than median
P/S (TTM)1.17× · Pricier than median
P/FCF0.3× · Cheaper than median
EV/EBITDA9.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)25· sector 16
PAST (return on equity)64· sector 19
HEALTH (low debt)66· sector 89
DIVIDEND (yield)100· sector 40
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cresud SA Fair Value". https://www.fairvalue-calculator.com/stock/CRES
Frequently asked questions
Is Cresud SA (CRES) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 956.83 ARS versus a price of 2,040 ARS, about −53% upside (overvalued).
What is the fair value of CRES?
Our model-based fair value for Cresud SA is 956.83 ARS (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,040 ARS.
What is the quality score of CRES?
Cresud SA has a Quality Score of 40/100. 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 price target for Cresud SA (CRES)?
Our model-based price target is the fair value of 956.83 ARS (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 925.10 ARS, optimistic scenario 956.83 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Cresud SA stock forecast for 2026?
Our models put fair value at 956.83 ARS, about −53% upside versus a price of 2,040 ARS (overvalued). Cautious scenario 925.10 ARS, optimistic scenario 956.83 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Cresud SA (CRES)?
Cresud SA reported trailing-twelve-month revenue of about 1.0T ARS (latest available figure, as of Sep 24, 2026).
Does Cresud SA pay a dividend?
Cresud SA currently shows a dividend yield of about 5.09% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Cresud SA (CRES)?
For today's price to be fair in a discounted-cash-flow model, Cresud SA would have to grow free cash flow by more than 80 % per year for five years (discount rate 20.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +63.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CRES use?
Our models discount Cresud SA at 20.7 %: a base by market capitalisation (small), country premium for Argentina. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cresud SA that is more than 80 % per year a year over ten years, using the same discount rate (20.7 %) and the same formula as our fair value.
How much growth has Cresud SA (CRES) delivered so far?
Over the past 5 years revenue at Cresud SA grew +63.3 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cresud SA (CRES) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Cresud SA (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cresud SA (CRES)?
The free-cash-flow yield on the price is 0.26 %: that much free cash flow Cresud SA produces per unit of market value. When it exceeds the discount rate of our models (20.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cresud SA (CRES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cresud SA it is 956.83 ARS per share (as of Sep 24, 2026), against a price of 2,040 ARS. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Cresud SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CRES trades above its calculated fair value: price 2,040 ARS, fair value 956.83 ARS, a gap of about −53% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRES?
No. The price is what the market pays today (2,040 ARS); the fair value is what the company's own numbers justify (956.83 ARS). For Cresud SA the two are 1,083 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Cresud SA worth?
The market values Cresud SA at about 1.2T ARS (market capitalisation, as of Sep 24, 2026). Per share that is 2,040 ARS; our models calculate a fair value of 956.83 ARS per share.
What do the bullish and bearish scenarios say about CRES?
Our models span a range for Cresud SA: cautious scenario 925.10 ARS, base 956.83 ARS, optimistic 956.83 ARS per share (as of Sep 24, 2026, price 2,040 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRES?
Cresud SA trades at a price-to-earnings ratio of 7.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 956.83 ARS is built from several models across several years. Other multiples: P/B 1.3, P/S 1.2, EV/EBITDA 9.8.
How solid is the balance sheet of Cresud SA (CRES)?
Balance-sheet figures for Cresud SA (as of Sep 24, 2026): return on equity 16.0%, debt of 0.69 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is CRES from its 52-week high?
Cresud SA trades at 2,040 ARS, about 4% below its 52-week high of 2,120 ARS and 55% above the low of 1,318 ARS (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 956.83 ARS is for.
Which stocks are comparable to Cresud SA?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cresud SA stock attractive at the current price?
The data as of Sep 24, 2026: price 2,040 ARS, calculated fair value 956.83 ARS (−53%), Quality Score 40/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRES calculated?
We run Cresud SA through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 956.83 ARS, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Cresud SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cresud SA (CRES)?
The closing price on Sep 23, 2026 was 2,040 ARS. Our model-based fair value is 956.83 ARS, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cresud SA right now?
The price sits above even our optimistic bull case (956.83 ARS). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The models converge in a tight band (925.10 ARS to 956.83 ARS), unusually little disagreement for a valuation.
Key figures of Cresud SA
How large is the market capitalisation of Cresud SA (CRES)?
The market capitalisation of Cresud SA is 1.2T ARS (≈ $849M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cresud SA (CRES)?
The price-to-sales ratio of Cresud SA is 0.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cresud SA (CRES)?
Earnings per share at Cresud SA are 289.54 ARS (price ÷ EPS = P/E 7.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cresud SA (CRES)?
The dividend yield of Cresud SA is 5.1% (payout 35.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cresud SA (CRES)?
The net margin of Cresud SA is 13.3% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cresud SA (CRES)?
The return on equity (ROE) of Cresud SA is 16.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cresud SA (CRES)?
On an EBIT basis the return on assets of Cresud SA is 3.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cresud SA (CRES)?
The operating margin of Cresud SA is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cresud SA (CRES)?
Revenue at Cresud SA is growing +5.0% versus a year earlier (3y avg +183%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cresud SA (CRES)?
Earnings per share at Cresud SA are growing −26.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cresud SA (CRES) carry?
The net debt of Cresud SA is 987B ARS (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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