Archer-Daniels-Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe.
It is a $38.6B consumer staples company. Revenue shrank 0.8% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~3.8 years of free cash flow. It trades at 21.8× earnings — in the most expensive third of its own history.
- Website
- adm.com
- Location
- Chicago, IL
- Employees
- 41 496
- Sector
- Consumer Defensive
- Founded
- 1902
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Growth, Profitability and Moat lag behind.
Valuation54
- P/E vs own history76th pct · 5/25
- FCF yield4.3% · 12/25
- P/S0.5x · 25/25
- EV/EBITDA17.7x · 12/25
Growth25
- Revenue CAGR-1.5% · 0/25
- Net income CAGR-20.6% · 0/25
- EPS CAGR ~5Y-6.7% · 0/25
- Fwd implied growth53.0% · 25/25
Profitability21
- ROIC5.4% · 5/25
- ROE7.7% · 5/25
- Net margin2.2% · 6/25
- Operating margin1.7% · 5/25
Health67
- Altman Z2.43 · 18/25
- Current ratio1.39 · 12/25
- Interest coverage22.4x · 25/25
- Net cash / debtD/A 12% · 12/25
Quality87
- Piotroski F5/9 · 15/25
- Beneish M-2.82 · 25/25
- FCF conversion95% · 22/25
- Margin stabilityσ 1.2% · 25/25
Moat22
- ROIC >12% years1/10 yrs · 0/25
- Median gross margin6.6% · 0/25
- FCF-positive years7/10 yrs · 10/25
- Worst-year net marginworst 1.3% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2022FinancialRevenue crossed $100B$102B for the year
- FY2022FinancialBest year on record$4.34B net income
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2017AcquisitionAt that point, Bunge had a market value of about $9.8 billion
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $50B$62.3B in first reported year
- 2012AcquisitionThe company sought to acquire strategic holdings to support serving Asian markets through the acquisition…
- 1982AcquisitionADM established international grain operations when it purchased a portion of Toepfer International, a…
- 1974AcquisitionADM made its first expansion into Europe and South America when the company acquired soybean plants in…
- 1966MilestoneDwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM
- 1930AcquisitionADM purchased control of the flour milling company Commander-Larabee Corp
- 1924IPOADM was listed on the New York Stock Exchange
- 1923AcquisitionArcher-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the…
- 1905MilestoneArcher joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed…
- 1902FoundedThe Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 22.4× by operating earnings
Watch-outs
- Revenue shrinking 0.8% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-0.8% YoY
- Profitable — makes more than it spends$1.77B TTM
- Profit growing — earnings are higher than last year-33.9% YoY
- Generates cash — cash left after running and investing$1.68B TTM
- Debt under control — could handle its obligations~3.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$38.6B market cap
- Not printing shares — share count not ballooning — you keep your slice-14.0% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.4 — grey
- Pays a dividend — returns cash to shareholdersyield 2.60%
- Valuation not extreme — price not wildly above earningsP/E 21.8
Peer comparisonArcher Daniels Midland Company vs 6 largest consumer defensive peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ADM this company | $38.6B | 21.8 | -0.8% | 2.2% | Mixed |
| WMT Walmart Inc. | $882.9B | 40.8 | +6.2% | 3.0% | Strained |
| COST Costco Wholesale Corp | $419.2B | 45.5 | +10.1% | 3.0% | Mixed |
| KO Coca-Cola Company | $379.3B | 26.5 | +6.5% | 28.6% | Mixed |
| PG Procter & Gamble Company | $351.2B | 21.9 | +3.3% | 18.4% | Solid |
| PM Philip Morris International Inc. | $313.6B | 28.8 | +8.9% | 25.6% | Strained |
| PEP PepsiCo, Inc. | $171.8B | 16.5 | +6.4% | 11.1% | Strained |
Head-to-head: ADM vs WMT · ADM vs COST · ADM vs KO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ADM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ADM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $80.06 · market cap $38.6B.