Agree Realty Corporation (ADC)
Agree Realty Statistics
Share Statistics
Agree Realty has 110.02M shares outstanding. The number of shares has increased by 6.69% in one year.
| Shares Outstanding | 110.02M |
| Shares Change (YoY) | 6.69% |
| Shares Change (QoQ) | 3.7% |
| Owned by Institutions (%) | 99.99% |
| Shares Floating | 107.97M |
| Failed to Deliver (FTD) Shares | 1.02K |
| FTD / Avg. Volume | 0.08% |
Short Selling Information
The latest short interest is 11.95M, so 10.86% of the outstanding shares have been sold short.
| Short Interest | 11.95M |
| Short % of Shares Out | 10.86% |
| Short % of Float | 14.71% |
| Short Ratio (days to cover) | 7.36 |
Valuation Ratios
The PE ratio is 37.52 and the forward PE ratio is 40.13. Agree Realty's PEG ratio is 2.45.
| PE Ratio | 37.52 |
| Forward PE | 40.13 |
| PS Ratio | 11.54 |
| Forward PS | 7.4 |
| PB Ratio | 1.29 |
| P/FCF Ratio | 16.49 |
| PEG Ratio | 2.45 |
Enterprise Valuation
Agree Realty has an Enterprise Value (EV) of 9.4B.
| EV / Sales | 15.23 |
| EV / EBITDA | 17.3 |
| EV / EBIT | 21.75 |
| EV / FCF | 21.75 |
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 |
| Debt / EBITDA | 4.2 |
| Debt / FCF | 5.28 |
| Interest Coverage | 2.78 |
Financial Efficiency
Return on Equity is 3.45% and Return on Invested Capital is 30.23%.
| Return on Equity | 3.45% |
| Return on Assets | 2.24% |
| Return on Invested Capital | 30.23% |
| Revenue Per Employee | $8.23M |
| Profits Per Employee | $2.53M |
| Employee Count | 75 |
| Asset Turnover | 0.07 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 4.31M |
| Effective Tax Rate | 2.22% |
Stock Price Statistics
The stock price has increased by 32.6% in the last 52 weeks. The beta is 0.56, so Agree Realty's price volatility has been higher than the market average.
| Beta | 0.56 |
| 52-Week Price Change | 32.6% |
| 50-Day Moving Average | 75.57 |
| 200-Day Moving Average | 73.69 |
| Relative Strength Index (RSI) | 52.84 |
| Average Volume (20 Days) | 1.35M |
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 | 303.04M |
| 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 | 8.8B |
| Working Capital | -2.16B |
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 $3.27, which amounts to a dividend yield of 3.91%.
| Dividend Per Share | $3.27 |
| Dividend Yield | 3.91% |
| Dividend Growth (YoY) | 2.43% |
| Payout Ratio | 184.97% |
| Earnings Yield | 2.67% |
| FCF Yield | 6.06% |
Analyst Forecast
The average price target for ADC is $81, which is 5.3% higher than the current price. The consensus rating is "Buy".
| Price Target | $81 |
| Price Target Difference | 5.3% |
| Analyst Consensus | Buy |
| Analyst Count | 14 |
Scores
| Altman Z-Score | 1.48 |
| Piotroski F-Score | 7 |