Golden Growers Cooperative (GGROU) fair value: what the stock is really worth
As of Sep 29, 2026: fair value (intrinsic value) of Golden Growers Cooperative stock $6.78, price $5.00, upside +35.6%, quality 76 out of 100. Rating: undervalued. Calculated from audited financials with 18 of our 26 valuation models and 37 quality factors, updated daily.
Golden Growers Cooperative operates as an agricultural cooperative association primarily in Minnesota, North Dakota, and South Dakota.
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The company designs and constructs its corn wet-milling facility, which processes corn into high fructose corn syrup and related co-products located in Wahpeton, North Dakota. The company also designed and constructed a corn wet-milling facility.
In addition, the company processes corn into value-added products, such as corn sweeteners. Golden Growers Cooperative was incorporated in 1994 and is based in West Fargo, North Dakota.
Stock analysis
Golden Growers Cooperative (GGROU) currently trades at $5.00, while our model-based Fair Value estimate is $6.78, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $7.70 per share, and 15 of the 18 models we run sit above the $5.00 price.
Bear case: the Economic Profit group reads lowest at $2.06, and 3 of the 18 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $5.09 (bear) to $8.48 (bull), the price of $5.00 sits below 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 76/100 (high quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Golden Growers Cooperative reported revenue of $62.3M in FY2025 versus $89.6M in FY2021, a compound −8.7%/yr. Reported net income was $6.1M in FY2025, compounding −6.8%/yr from FY2021.
Key figures
Market cap $77.5M Micro · P/E ratio 13.2 · P/S ratio 1.19 · EPS (TTM) $0.3800 · Net margin 9.0% · Return on equity 32.1% · Return on assets (EBIT) 13.2% (5-year average) · Operating margin 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 11% fair-value upside, at 36%, GGROU screens cheaper than that median.
Fair Value models
Bear$5.09Fair Value $6.78Bull$8.48
Price $5.00 · Upside +35.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.3290 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
In the last 6 months, one officer or director bought shares worth $50,000, on Oct 1, 2026.
BuyChris A JohnsonDirector10,000 shares at $5.00$50,000Oct 1, 2026
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+0.5%
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.
−16.6%
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.
+4.3%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 14 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.
−1.7%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: adjusted.
−5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.3% vs 2.5%, slowing
Profit margin 2019 to 2025 ⓘ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.−1% → −1%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
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).
+2.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −0.4% a year for the price.
Compare Golden Growers Cooperative with another stock
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.Farm Products · 302 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+35.6% · Top 25%
Profitability
Return on equity (12 months)32.1% · Top 25%
Return on assets29.9% · Top 25%
Net margin (12 months)9.0% · Above median
Operating margin (12 months)8.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)−7.4% · Bottom 25%
Valuation Multiplesvs Farm Products median · lower = cheaper
P/E (12 months)13.2× · Cheaper than median
P/B3.85× · Priciest 25%
P/S (12 months)1.19× · Pricier than median
Price / free cash flow (fiscal year)10.3× · Cheaper than median
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Is Golden Growers Cooperative (GGROU) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of $6.78 versus the last price from Sep 29, 2026 of $5.00, about +36% upside (undervalued).
What is the fair value of GGROU?
Our model-based fair value for Golden Growers Cooperative is $6.78 (as of Nov 12, 2026), built from audited fundamentals. Last price (from Sep 29, 2026): $5.00.
What is the quality score of GGROU?
Golden Growers Cooperative has a Quality Score of 76/100. 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 Golden Growers Cooperative (GGROU)?
Our model-based price target is the fair value of $6.78 (as of Nov 12, 2026) from 18 valuation models. Cautious scenario $5.09, optimistic scenario $8.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Growers Cooperative stock forecast for 2026?
Our models put fair value at $6.78, about +36% upside versus the last price from Sep 29, 2026 of $5.00 (undervalued). Cautious scenario $5.09, optimistic scenario $8.48. The calculation is refreshed regularly with new filings.
What is the revenue of Golden Growers Cooperative (GGROU)?
Golden Growers Cooperative reported trailing-twelve-month revenue of about $65.1M (latest available figure, as of Nov 12, 2026).
Does Golden Growers Cooperative pay a dividend?
Golden Growers Cooperative does not currently pay a dividend.
What growth is priced into Golden Growers Cooperative (GGROU)?
For today's price to be fair in a discounted-cash-flow model, Golden Growers Cooperative would have to grow free cash flow by +2.0 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.3 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of GGROU use?
Our models discount Golden Growers Cooperative at 12.7 %: a base by market capitalisation (micro), country premium for USA. 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 Golden Growers Cooperative that is +2.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Golden Growers Cooperative (GGROU) delivered so far?
Over the past 5 years revenue at Golden Growers Cooperative grew +4.3 % a year. The price currently implies free-cash-flow growth of +2.0 % per 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 Golden Growers Cooperative (GGROU) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Golden Growers Cooperative (+2.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Golden Growers Cooperative (GGROU)?
The free-cash-flow yield on the price is 9.72 %: that much free cash flow Golden Growers Cooperative produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Golden Growers Cooperative (GGROU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Growers Cooperative it is $6.78 per share (as of Nov 12, 2026), against a price of $5.00. It is the blended result of 18 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Golden Growers Cooperative stock overvalued or undervalued in 2026?
As of Nov 12, 2026, GGROU trades below its calculated fair value: price $5.00, fair value $6.78, a gap of about +36% (undervalued). 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 GGROU?
No. The price is what the market pays today ($5.00); the fair value is what the company's own numbers justify ($6.78). For Golden Growers Cooperative the two are $1.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Growers Cooperative worth?
The market values Golden Growers Cooperative at about $77.5M (market capitalisation, as of Nov 12, 2026). Per share that is $5.00; our models calculate a fair value of $6.78 per share.
What do the bullish and bearish scenarios say about GGROU?
Our models span a range for Golden Growers Cooperative: cautious scenario $5.09, base $6.78, optimistic $8.48 per share (as of Nov 12, 2026, price $5.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GGROU?
Golden Growers Cooperative trades at a price-to-earnings ratio of 13.2 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $6.78 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2019, FY2022, FY2023 ex one-offs: 7.4. Other multiples: P/B 3.9, P/S 1.2.
How solid is the balance sheet of Golden Growers Cooperative (GGROU)?
Balance-sheet figures for Golden Growers Cooperative (as of Nov 12, 2026): return on equity 32.1%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is GGROU from its 52-week high?
Golden Growers Cooperative trades at $5.00, at its 52-week high of $5.00 and at the low of $5.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $6.78 is for.
Which stocks are comparable to Golden Growers Cooperative?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, 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 Golden Growers Cooperative stock attractive at the current price?
The data as of Nov 12, 2026: price $5.00, calculated fair value $6.78 (+36%), Quality Score 76/100, from 18 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 GGROU calculated?
We run Golden Growers Cooperative through 18 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $6.78 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. Golden Growers Cooperative currently trades 26% below its own fair value, and the market average says nothing about that. 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 Golden Growers Cooperative (GGROU)?
The latest price we hold is from Sep 29, 2026 and stands at $5.00. Our model-based fair value is $6.78, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Growers Cooperative right now?
The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Golden Growers Cooperative
How large is the market capitalisation of Golden Growers Cooperative (GGROU)?
The market capitalisation of Golden Growers Cooperative is $77.5M. 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 Golden Growers Cooperative (GGROU)?
The price-to-sales ratio of Golden Growers Cooperative is 1.19 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Golden Growers Cooperative (GGROU)?
Earnings per share at Golden Growers Cooperative are $0.3800 (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Golden Growers Cooperative (GGROU)?
The net margin of Golden Growers Cooperative is 9.0% (last twelve months). 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 Golden Growers Cooperative (GGROU)?
The return on equity (ROE) of Golden Growers Cooperative is 32.1% (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 Golden Growers Cooperative (GGROU)?
On an EBIT basis the return on assets of Golden Growers Cooperative is 13.2% (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 Golden Growers Cooperative (GGROU)?
The operating margin of Golden Growers Cooperative is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Growers Cooperative (GGROU)?
Revenue at Golden Growers Cooperative is growing −7.4% versus a year earlier (3y avg −16.6%). 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 Golden Growers Cooperative (GGROU)?
Earnings per share at Golden Growers Cooperative are growing −1.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Golden Growers Cooperative (GGROU) hold?
Golden Growers Cooperative holds more cash than debt, $1.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 12, 2026