Agriculture Valuation Multiples and Public Comps

Agriculture

See analyst estimates and all valuation multiples for Agriculture

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Bayer	$69.5B	1.3x	6.3x
BASF	$68.1B	0.9x	8.1x
Corteva	$45.4B	2.6x	11.9x
Muyuan Foods	$44.1B	2.2x	9.8x
Nutrien	$41.1B	1.6x	6.8x
Archer-Daniels-Midland	$37.3B	0.4x	10.1x
Novonesis	$32.9B	6.9x	18.6x
Bunge	$32.2B	0.5x	12.1x
Wilmar International	$32.0B	0.4x	8.8x
Tongwei	$23.3B	1.8x	25.2x
Wens Foodstuff Group	$18.9B	1.4x	9.8x
Industries Qatar	$18.3B	4.2x	13.9x
Qinghai Salt Lake Industry	$16.7B	7.0x	14.7x
CF Industries	$14.2B	2.1x	5.2x
Mowi	$13.9B	2.1x	9.9x
Mosaic	$12.5B	1.0x	4.7x
Yara	$12.4B	0.8x	4.7x
SABIC Agri-Nutrient	$12.0B	3.5x	9.0x
SalMar	$9.8B	3.6x	16.5x
Fertiglobe	$6.4B	2.5x	7.1x
FMC	$5.6B	1.4x	6.6x
PI Indus	$5.5B	6.2x	22.8x
ScottsMiracle-Gro	$5.2B	1.5x	8.9x
Minerva	$3.4B	0.3x	3.8x
Bakkafrost	$3.4B	3.1x	12.7x
SLC Agricola	$3.2B	2.1x	6.7x
Grupa Azoty	$2.8B	0.7x	69.6x
Austevoll Seafood	$2.7B	0.7x	4.8x
KWS SAAT	$2.7B	1.4x	6.4x
Genus	$2.4B	2.7x	14.8x
Andersons	$2.4B	0.2x	7.6x
MHP	$2.2B	0.7x	4.8x
Adecoagro	$2.0B	1.3x	5.7x
Tessenderlo Group	$1.8B	0.6x	5.2x
3tentos	$1.8B	0.6x	8.7x
K+S	$1.6B	0.4x	2.4x
B.F.	$1.6B	0.8x	14.6x
Cresud SACIF	$1.5B	n/a	n/a
CVR Partners	$1.5B	2.8x	n/a
UIE	$1.4B	n/a	n/a
Nufarm	$1.4B	0.6x	7.0x
Molinos Agro	$1.4B	n/a	n/a
Hortifrut	$1.4B	n/a	n/a
Elders	$1.4B	0.6x	9.3x
Graincorp	$1.4B	0.3x	6.8x
National Agriculture	$1.3B	1.4x	6.7x
San Miguel AGICI y F	$1.3B	n/a	n/a
Grieg Seafood	$1.2B	2.5x	16.4x
Grainturk Holding	$1.1B	n/a	n/a
NPK International	$983M	3.7x	14.0x
Sipef	$939M	1.9x	4.3x
Australian Agricultural	$866M	3.4x	22.9x
Hektas Ticaret	$843M	n/a	n/a
M P Evans Gr	$812M	2.2x	4.9x
AB Akola	$776M	0.4x	6.2x
Gujarat State Fertilizers & Chemicals	$694M	n/a	n/a
Blumar	$670M	n/a	n/a
Ridley Corp	$638M	0.5x	8.1x
Multiexport Foods	$605M	n/a	n/a
Select Harvests	$578M	2.5x	9.2x
Brasilagro - Cia Bras	$575M	2.5x	11.8x
Takara Bio	$564M	1.8x	11.4x
Scales Corp	$559M	1.0x	8.3x
Ledesma	$530M	n/a	n/a
Pesquera Exalmar	$529M	n/a	n/a
Grupa Azoty Zaklady	$511M	n/a	n/a
Masoval	$499M	1.9x	13.6x
Exel Industries	$482M	0.4x	6.1x
Endur	$481M	0.8x	8.0x
ASTARTA Holding	$470M	0.9x	3.2x
Camanchaca	$456M	n/a	n/a
Itafos	$437M	0.8x	2.7x
Anglo-Eastern Plantations	$436M	n/a	n/a
Forafric Global	$417M	n/a	n/a
T&G Global	$400M	n/a	n/a
Lavoro	$397M	n/a	n/a
Salmones Camanchaca	$387M	1.0x	5.5x
Inversora Juramento	$379M	n/a	n/a
Icelandic Salmon	$370M	3.6x	-38.2x
Kaldvik	$359M	2.5x	19.5x
Salmon Evolution	$353M	10.1x	-61.4x
Bioceres Crop Solutions	$345M	1.0x	9.4x
Andfjord Salmon Group	$334M	3788.9x	-59.5x
American Vanguard	$318M	0.6x	8.0x
Arctic Fish Holding	$307M	3.2x	-760.7x
Boa Safra Sementes	$285M	0.6x	6.2x
Gobarto	$284M	n/a	n/a
Agria Group	$278M	n/a	n/a
Hydratec Industries	$274M	n/a	n/a
Nordic Aqua Partners	$260M	14.3x	-33.7x
Intrepid Potash	$259M	1.0x	4.6x
R E A Holdings	$244M	1.2x	3.4x
Seeka	$229M	n/a	n/a
FirstFarms	$229M	n/a	n/a
Inversiones Nutravalor	$221M	n/a	n/a
Lynch Group Holdings	$211M	0.7x	7.2x
Gigante Salmon	$206M	23.4x	655.1x
Delta Giri Wacana	$201M	n/a	n/a
Biotalys	$196M	66.1x	-12.9x
PGG Wrightson	$190M	n/a	n/a
Kingfish Co	$179M	5.4x	-49.9x
Agrogalaxy Participacoes	$178M	n/a	n/a
AUGA Gr	$167M	n/a	n/a
Terra Santa Propriedades	$164M	n/a	n/a
New Zealand Rural Land Co	$162M	12.1x	14.6x
Proximar Seafood	$161M	7.7x	138.2x
Hydrofarm Holdings Group	$159M	1.0x	-19.1x
Vittia	$155M	0.9x	5.6x
Agricola Nacional SA	$153M	n/a	n/a
Gradus	$131M	n/a	n/a
Compania Agropecuaria	$124M	n/a	n/a
Agro Industrial Paramonga	$124M	n/a	n/a
Insumos AGroquimicos	$122M	n/a	n/a
Nordic Halibut	$113M	7.9x	-10.3x
Norcod	$111M	n/a	n/a
Murray Cod Australia	$109M	n/a	n/a
Brazil Potash	$99.5M	n/a	-2.5x
Amoeba	$98.2M	274.1x	-15.4x
Groupe Minoteries	$97.5M	n/a	n/a
Atlantic Sapphire	$95.0M	2.1x	-1.8x
Sapmer	$78.6M	n/a	n/a
Cibus	$78.1M	18.0x	-1.2x
ArborGen Hldgs	$67.4M	n/a	n/a
Livestock Improvement	$63.8M	n/a	n/a
Cinis Fertilizer	$55.4M	1.6x	-22.0x
ImmuCell	$51.4M	n/a	n/a
Florentaise	$50.8M	n/a	n/a
Amatheon Agri Holding	$44.8M	n/a	n/a
Dekel Agri-Vision	$44.6M	1.0x	9.2x
Winfarm	$44.3M	0.3x	8.2x
APF Holdings	$38.0M	n/a	n/a
Tonkens Agrar	$32.1M	n/a	n/a
KKO International	$29.1M	n/a	n/a
Cropmate	$26.2M	n/a	n/a
Agtira	$25.5M	n/a	n/a
Desert Control	$25.3M	n/a	n/a
AgroGeneration	$21.0M	n/a	n/a
Agroliga Group	$20.0M	n/a	n/a
Agripower France	$15.2M	n/a	n/a
Eden Research	$13.8M	2.1x	-5.4x
PRFoods	$9.7M	n/a	n/a
Agroton Public	$7.1M	n/a	n/a
Dhanlaxmi Seeds	$5.8M	n/a	n/a
Biomass Energy Project	$5.6M	n/a	n/a
Pescanova	$3.2M	n/a	n/a
Siguldas	$2.8M	n/a	n/a
Zarneni Hrani	$2.3M	n/a	n/a
Industrias Bachoco SAB	-$134M	n/a	n/a