Discounted Cash Flow

Brasilagro - Brazilian Agricultural Real Estate Co. ADR

LND · Based on 10 years of SEC filings · Converted from BRL to USD

⚠ Cash flow predictability 52/100 (moderate) — FCF YoY std dev 52%, net income 73% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $28.7m $-863.5k $-863.5k -3.0% $0.48
2018 $47.7m (66.3%) $31.4m (3734.2%) $-526.3k (39.1%) 65.8% (2285.6%) $2.35 (392.7%)
2019 $69.8m (46.5%) $39.0m (24.2%) $9.9m (1987.5%) 55.8% (-15.2%) $3.29 (40.0%)
2020 $95.1m (36.2%) $-29.3k (-100.1%) $12.9m (29.5%) -0.0% (-100.1%) $2.11 (-35.9%)
2021 $129.4m (36.0%) $3.8m (13110.0%) $21.7m (68.5%) 2.9% (9668.2%) $4.56 (116.2%)
2022 $228.0m (76.2%) $124.4m (3165.8%) $39.7m (83.3%) 54.6% (1753.4%) $5.26 (15.4%)
2023 $176.3m (-22.7%) $55.0m (-55.8%) $29.2m (-26.4%) 31.2% (-42.8%) $2.72 (-48.3%)
2024 $150.5m (-14.6%) $37.4m (-32.0%) $14.1m (-51.9%) 24.8% (-20.4%) $2.28 (-16.2%)
2025 $171.2m (13.8%) $40.3m (7.8%) $11.7m (-16.8%) 23.5% (-5.3%) $1.39 (-39.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in BRL. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model