Agree Realty Corporation (ADC)
Agree Realty Statistics
Share Statistics
Agree Realty has 107.25M shares outstanding. The number of shares has increased by 2.99% in one year.
| Shares Outstanding | 107.25M |
| Shares Change (YoY) | 2.99% |
| Shares Change (QoQ) | 2.88% |
| Owned by Institutions (%) | 99.99% |
| Shares Floating | 105.28M |
| Failed to Deliver (FTD) Shares | 4.29K |
| FTD / Avg. Volume | 0.4% |
Short Selling Information
The latest short interest is 13.08M, so 12.64% of the outstanding shares have been sold short.
| Short Interest | 13.08M |
| Short % of Shares Out | 12.64% |
| Short % of Float | 12.87% |
| Short Ratio (days to cover) | 11.37 |
Valuation Ratios
The PE ratio is 37.52 and the forward PE ratio is 39.35. Agree Realty's PEG ratio is 2.45.
| PE Ratio | 37.52 |
| Forward PE | 39.35 |
| PS Ratio | 11.54 |
| Forward PS | 7.1 |
| PB Ratio | 1.29 |
| P/FCF Ratio | 16.49 |
| PEG Ratio | 2.45 |
Enterprise Valuation
Agree Realty Corporation has an Enterprise Value (EV) of 8.45B.
| EV / Earnings | 44.51 |
| EV / Sales | 13.69 |
| EV / EBITDA | 15.55 |
| EV / EBIT | 27.95 |
| EV / FCF | 19.56 |
Financial Position
The company has a current ratio of 0.05, with a Debt / Equity ratio of 0.41.
| Current Ratio | 0.05 |
| Quick Ratio | 0.05 |
| Debt / Equity | 0.41 |
| Total Debt / Capitalization | 29.27 |
| Cash Flow / Debt | 0.19 |
| Interest Coverage | 2.78 |
Financial Efficiency
Return on equity (ROE) is 0.03% and return on capital (ROIC) is 3.79%.
| Return on Equity (ROE) | 0.03% |
| Return on Assets (ROA) | 0.02% |
| Return on Capital (ROIC) | 3.79% |
| Revenue Per Employee | $8,227,933.33 |
| Profits Per Employee | $2,531,093.33 |
| Employee Count | 75 |
| Asset Turnover | 0.07 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 4.31M |
| Effective Tax Rate | 0.02 |
Stock Price Statistics
The stock price has increased by 33.73% in the last 52 weeks. The beta is 0.66, so Agree Realty's price volatility has been higher than the market average.
| Beta | 0.66 |
| 52-Week Price Change | 33.73% |
| 50-Day Moving Average | 73.6 |
| 200-Day Moving Average | 71.89 |
| Relative Strength Index (RSI) | 55.41 |
| Average Volume (20 Days) | 1.07M |
Income Statement
In the last 12 months, Agree Realty had revenue of 617.1M and earned 189.83M in profits. Earnings per share was 1.96.
| Revenue | 617.1M |
| Gross Profit | 542.25M |
| Operating Income | 302.24M |
| Net Income | 189.83M |
| EBITDA | 543.26M |
| EBIT | 302.24M |
| Earnings Per Share (EPS) | 1.96 |
Balance Sheet
The company has 6.4M in cash and 2.28B in debt, giving a net cash position of -2.27B.
| Cash & Cash Equivalents | 6.4M |
| Total Debt | 2.28B |
| Net Cash | -2.27B |
| Retained Earnings | 0 |
| Total Assets | 8.49B |
| Working Capital | -31.3M |
Cash Flow
In the last 12 months, operating cash flow was 431.97M and capital expenditures 0, giving a free cash flow of 431.97M.
| Operating Cash Flow | 431.97M |
| Capital Expenditures | 0 |
| Free Cash Flow | 431.97M |
| FCF Per Share | 4.27 |
Margins
Gross margin is 87.87%, with operating and profit margins of 48.98% and 30.76%.
| Gross Margin | 87.87% |
| Operating Margin | 48.98% |
| Pretax Margin | 31.46% |
| Profit Margin | 30.76% |
| EBITDA Margin | 88.04% |
| EBIT Margin | 48.98% |
| FCF Margin | 70% |
Dividends & Yields
ADC pays an annual dividend of $3.02, which amounts to a dividend yield of 4.02%.
| Dividend Per Share | $3.02 |
| Dividend Yield | 4.02% |
| Dividend Growth (YoY) | 2.43% |
| Payout Ratio | 169.55% |
| Earnings Yield | 2.59% |
| FCF Yield | 5.31% |
Analyst Forecast
The average price target for ADC is $80, which is 5.5% higher than the current price. The consensus rating is "Buy".
| Price Target | $80 |
| Price Target Difference | 5.5% |
| Analyst Consensus | Buy |
| Analyst Count | 14 |
Scores
| Altman Z-Score | 1.74 |
| Piotroski F-Score | 6 |