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Origin Agritech Limited (SEED) 10-Year Financial Performance & Capital Metrics

SEED • • Industrial / General
Basic MaterialsAgricultural InputsSeed & BiotechnologySeed Retail & Distribution
AboutOrigin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology and an e-commerce platform in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It develops, produces, and distributes hybrid crop seeds, as well as develops hybrid seed technology. The company also operates an e-commerce platform, which provides range of products, including agricultural seed products that comprise corn, rice, and vegetable seeds; other agricultural inputs, such as fertilizers and agricultural chemicals; foods; household products; and other consumer products to farmers through online and mobile ordering. It has a collaboration agreement with Chinese Academy of Agricultural Sciences, the National Maize Improvement Center, China Agricultural University, and Zhejiang University. Origin Agritech Limited was founded in 1997 and is headquartered in Beijing, China.Show more
  • Revenue $113M +21.5%
  • EBITDA -$34M -208.1%
  • Net Income $21M -62.6%
  • EPS (Diluted) 3.20 -62.0%
  • Gross Margin 14.17% -23.3%
  • EBITDA Margin -29.78% -153.6%
  • Operating Margin -32.28% -100.9%
  • Net Margin 18.27% -69.2%
  • ROE -
  • ROIC -
  • Debt/Equity -
  • Interest Coverage -24.21 -58.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-12.17%
5Y4.17%
3Y34.67%
TTM-29.83%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-107.13%

EPS CAGR

10Y-
5Y-
3Y-
TTM-104.59%

ROCE

10Y Avg-204.82%
5Y Avg-139.16%
3Y Avg-
Latest-

Peer Comparison

Seed Retail & Distribution
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Valuation
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Growth
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SEEDOrigin Agritech Limited10.36M1.320.4121.51%-6.65%

Profit & Loss

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Sales/Revenue+376.25M335.25M012.93M92.44M52.51M46.42M52.58M93.31M113.38M
Revenue Growth %-0.09%-0.11%-1%-6.15%-0.43%-0.12%0.13%0.77%0.22%
Cost of Goods Sold+264.04M259.25M07.05M105.27M49M33.61M36.39M76.06M97.31M
COGS % of Revenue0.7%0.77%-0.55%1.14%0.93%0.72%0.69%0.82%0.86%
Gross Profit+112.21M76M05.88M-12.83M3.51M12.81M16.19M17.25M16.07M
Gross Margin %0.3%0.23%-0.45%-0.14%0.07%0.28%0.31%0.18%0.14%
Gross Profit Growth %-0.01%-0.32%-1%--3.18%1.27%2.65%0.26%0.07%-0.07%
Operating Expenses+110.87M137.31M68.56M41.4M43.51M67M80.86M29.09M32.24M52.67M
OpEx % of Revenue0.29%0.41%-3.2%0.47%1.28%1.74%0.55%0.35%0.46%
Selling, General & Admin80.67M100.24M34.91M32.56M31.27M62.89M78.88M21.66M22.59M42.27M
SG&A % of Revenue0.21%0.3%-2.52%0.34%1.2%1.7%0.41%0.24%0.37%
Research & Development48.74M44.03M38.68M27.13M13.27M4.12M1.98M7.43M7.45M10.13M
R&D % of Revenue0.13%0.13%-2.1%0.14%0.08%0.04%0.14%0.08%0.09%
Other Operating Expenses-18.54M-6.96M-5.03M-18.29M-1.03M0002.2M275K
Operating Income+1.34M-61.31M-68.56M-35.52M-56.34M-63.49M-137.91M-12.9M-14.99M-36.6M
Operating Margin %0%-0.18%--2.75%-0.61%-1.21%-2.97%-0.25%-0.16%-0.32%
Operating Income Growth %1.05%-46.75%-0.12%0.48%-0.59%-0.13%-1.17%0.91%-0.16%-1.44%
EBITDA+31.89M-30.09M-40.87M-19.07M-42.54M-52.88M-129.63M-8.99M-10.96M-33.77M
EBITDA Margin %0.08%-0.09%--1.47%-0.46%-1.01%-2.79%-0.17%-0.12%-0.3%
EBITDA Growth %6.88%-1.94%-0.36%0.53%-1.23%-0.24%-1.45%0.93%-0.22%-2.08%
D&A (Non-Cash Add-back)30.55M31.22M27.69M16.45M13.8M10.61M8.28M3.9M4.03M2.83M
EBIT-49.64M-65.43M-112.83M-130.01M-60.47M-96.62M-68.04M-12.9M63.81M20.25M
Net Interest Income+-9.91M-7.54M-7.58M-22.78M-4.68M-5.8M-8.56M-8.23M-982K-1.51M
Interest Income656K69K1.43M6K3K00000
Interest Expense10.57M7.61M9.01M22.79M4.68M5.8M8.56M8.23M982K1.51M
Other Income/Expense-9.91M-7.54M-52.28M-111.68M-3.65M-10.83M11.01M15.21M77.82M55.34M
Pretax Income+-16.52M-75.4M-76.14M-152.79M-65.14M-102.42M-126.9M2.31M62.83M18.74M
Pretax Margin %-0.04%-0.22%--11.82%-0.7%-1.95%-2.73%0.04%0.67%0.17%
Income Tax+1.29M1.44M46.02M-94.48M510K425K178K-14K162K61K
Effective Tax Rate %0.84%0.87%0.99%1.01%1.01%1%0.72%-2.71%0.88%1.11%
Net Income+-13.81M-65.58M-75.67M-153.66M-65.65M-102.84M-91.53M-6.26M55.33M20.71M
Net Margin %-0.04%-0.2%--11.89%-0.71%-1.96%-1.97%-0.12%0.59%0.18%
Net Income Growth %-0.45%-3.75%-0.15%-1.03%0.57%-0.57%0.11%0.93%9.83%-0.63%
Net Income (Continuing)-60.21M-73.04M-121.84M-152.79M-65.65M-102.84M-127.08M2.33M62.67M18.68M
Discontinued Operations0000000000
Minority Interest49.58M38.33M490K1.36M7.21M-8.27M-44.93M-38.77M-23.86M-27.31M
EPS (Diluted)+-6.06-28.69-26.95-50.18-15.69-20.45-16.29-1.098.433.20
EPS Growth %-0.45%-3.73%0.06%-0.86%0.69%-0.3%0.2%0.93%8.73%-0.62%
EPS (Basic)-6.06-28.69-26.95-50.18-15.69-20.45-16.29-1.098.433.20
Diluted Shares Outstanding2.28M2.29M2.81M3.06M4.18M5.03M5.62M5.62M6.56M6.47M
Basic Shares Outstanding2.28M2.29M2.81M3.06M4.18M5.03M5.62M5.62M6.56M6.47M
Dividend Payout Ratio--------0%-

Balance Sheet

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Total Current Assets+543.76M478.1M89.06M214.88M69.22M64.4M58.14M81.54M141.78M99.75M
Cash & Short-Term Investments66.03M54.51M3.25M1.99M3.2M22.48M15.35M17.67M23.71M8.38M
Cash Only66.03M54.51M3.25M1.99M3.2M22.48M15.35M17.67M23.71M8.38M
Short-Term Investments0000000000
Accounts Receivable2.05M491K55.96M129.51M35.37M25.42M16.11M28.75M854K12.67M
Days Sales Outstanding1.990.53-3.66K139.66176.66126.64199.553.3440.79
Inventory439.56M368.09M1.22M81.95M28.53M13.57M4.18M2.11M13.04M12.87M
Days Inventory Outstanding607.64518.23-4.24K98.91101.0745.3721.1362.5748.29
Other Current Assets36.12M467.23M74K121K1.59M459K16.71M12.32M30.81M97K
Total Non-Current Assets+442.07M402.52M235.08M215.22M191.89M190.49M60.9M54.41M96.72M31.81M
Property, Plant & Equipment324.9M313.75M144.83M172.75M149.12M117.7M50.59M47.94M21.92M28.62M
Fixed Asset Turnover1.16x1.07x-0.07x0.62x0.45x0.92x1.10x4.26x3.96x
Goodwill11.97M11.97M00000000
Intangible Assets63.11M55.67M29.59M24.93M18.38M14.43M5.63M4.78M3.26M3.19M
Long-Term Investments18.72M18.72M18.72M16.35M16.35M10.35M4.6M1.69M66.65M0
Other Non-Current Assets20.33M2.41M40.74M1.2M5.65M5.75M83K04.89M0
Total Assets+985.83M880.63M324.14M430.1M261.11M254.88M119.04M135.96M238.51M131.56M
Asset Turnover0.38x0.38x-0.03x0.35x0.21x0.39x0.39x0.39x0.86x
Asset Growth %-0.07%-0.11%-0.63%0.33%-0.39%-0.02%-0.53%0.14%0.75%-0.45%
Total Current Liabilities+634.14M614.5M134.1M432.17M247.8M176.94M286.37M292.87M313.46M184.28M
Accounts Payable4.39M1.29M1.45M7.96M9.72M9.6M9.17M10.16M4.94M8.47M
Days Payables Outstanding6.071.82-412.0333.7171.4999.58101.9323.6931.77
Short-Term Debt244M217.06M58.84M78.23M78.61M0137.66M137.66M04.95M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities66.42M344.16M22.64M0004K-32.65M-7.63M66.34M
Current Ratio0.86x0.78x0.66x0.50x0.28x0.36x0.20x0.28x0.45x0.54x
Quick Ratio0.16x0.18x0.65x0.31x0.16x0.29x0.19x0.27x0.41x0.47x
Cash Conversion Cycle603.56516.94-7.49K204.86206.2472.43118.7542.2357.31
Total Non-Current Liabilities+60.91M47.51M77.24M21.28M28.79M163.41M18.27M15.73M6.3M5.88M
Long-Term Debt40.97M20M56.77M00137.66M0000
Capital Lease Obligations000002.67M2.55M1.5M128K65K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities19.94M27.51M20.47M21.28M28.79M23.07M15.72M14.23M6.18M5.81M
Total Liabilities695.05M662.01M211.34M453.45M276.59M340.35M304.64M308.6M319.77M190.16M
Total Debt+284.97M237.06M115.61M78.23M78.61M140.89M140.77M139.28M241K5.08M
Net Debt218.95M182.55M112.36M76.25M75.41M118.41M125.42M121.61M-23.47M-3.3M
Debt / Equity0.98x1.08x1.02x-------
Debt / EBITDA8.94x---------
Net Debt / EBITDA6.87x---------
Interest Coverage0.13x-8.06x-7.61x-1.56x-12.04x-10.95x-16.12x-1.57x-15.27x-24.21x
Total Equity+290.78M218.62M112.8M-23.35M-15.47M-85.46M-185.6M-172.64M-81.26M-58.6M
Equity Growth %-0.06%-0.25%-0.48%-1.21%0.34%-4.52%-1.17%0.07%0.53%0.28%
Book Value per Share127.5695.6440.17-7.63-3.70-16.99-33.04-30.73-12.38-9.06
Total Shareholders' Equity241.19M180.29M112.31M-24.71M-22.68M-77.19M-140.67M-133.87M-57.4M-31.29M
Common Stock0000000000
Retained Earnings-116.81M-182.39M-258.06M-411.72M-473.84M-559.1M-650.63M-656.9M-601.57M-580.85M
Treasury Stock-37.45M-37.45M-22.79M-19.16M-19.16M-10.36M-6.13M-6.13M-6.13M-6.13M
Accumulated OCI-7.05M-11.18M-18.82M-22.14M-23.78M-22.41M-23.22M-22.77M-22.99M-22.82M
Minority Interest49.58M38.33M490K1.36M7.21M-8.27M-44.93M-38.77M-23.86M-27.31M

Cash Flow

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024
Cash from Operations+52.19M47.91M-120.17M-10.04M-60.13M-5.62M-25.08M3.29M-5.46M-15.03M
Operating CF Margin %0.14%0.14%--0.78%-0.65%-0.11%-0.54%0.06%-0.06%-0.13%
Operating CF Growth %1.61%-0.08%-3.51%0.92%-4.99%0.91%-3.47%1.13%-2.66%-1.75%
Net Income-13.81M-65.58M-106.26M-152.79M-65.65M-102.84M-127.08M2.33M62.67M18.68M
Depreciation & Amortization30.55M31.22M27.69M16.45M13.8M10.61M8.28M3.9M4.03M2.83M
Stock-Based Compensation1.61M8.8M5.4M4.31M12.19M13.16M10.95M1.04M1.16M5.22M
Deferred Taxes11.12M21M47.6M76.19M000000
Other Non-Cash Items-4.01M-11.26M4.27M16.76M11.1M70.96M116.64M987K-85.98M-55.22M
Working Capital Changes26.73M63.72M-98.87M29.03M-31.56M2.5M-33.87M-4.96M12.66M13.46M
Change in Receivables-1.03M1.32M36K24K-1.48M-1.83M3.04M-359K1.65M8.11M
Change in Inventory65.84M50.97M-21.53M13.06M47.45M6.86M1.41M2.07M-10.93M6.43M
Change in Payables-136K-15K4.11M-950K1.77M-87K-427K991K2.19M3.53M
Cash from Investing+-20.36M-6.48M29.54M47.59M9.38M-42.24M-1.21M-1.1M-11.22M-4.97M
Capital Expenditures-20.53M-16.96M-3.89M-2.98M00-1.72M-622K-12.21M-4.97M
CapEx % of Revenue0.05%0.05%-0.23%--0.04%0.01%0.13%0.04%
Acquisitions----------
Investments----------
Other Investing172K483K265K16.87M9.38M-42.24M1.71M-480K00
Cash from Financing+-9.47M-48.82M47.01M-35.38M53.6M65.92M19.84M-332K22.93M4.5M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000-2.43M-200K0
Share Repurchases----------
Other Financing-4.61M-901K21.72M00-11.45M2.67M-8.91M-1.36M-462K
Net Change in Cash----------
Free Cash Flow+31.66M30.94M-124.06M-13.03M-60.13M-5.62M-26.79M2.67M-17.66M-20M
FCF Margin %0.08%0.09%--1.01%-0.65%-0.11%-0.58%0.05%-0.19%-0.18%
FCF Growth %1.29%-0.02%-5.01%0.89%-3.62%0.91%-3.77%1.1%-7.62%-0.13%
FCF per Share13.8913.54-44.18-4.25-14.37-1.12-4.770.48-2.69-3.09
FCF Conversion (FCF/Net Income)-3.78x-0.73x1.59x0.07x0.92x0.05x0.27x-0.53x-0.10x-0.73x
Interest Paid18.65M14.25M14.49M0000424K843K1.02M
Taxes Paid1.26M1.44M1.28M0000162K41K75K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-4.6%-25.75%-45.67%-343.57%------
Return on Invested Capital (ROIC)0.19%-10.1%-16.42%-19.16%-74.89%-102.53%----
Gross Margin29.82%22.67%-45.49%-13.88%6.69%27.6%30.8%18.48%14.17%
Net Margin-3.67%-19.56%--1188.7%-71.02%-195.84%-197.15%-11.92%59.3%18.27%
Debt / Equity0.98x1.08x1.02x-------
Interest Coverage0.13x-8.06x-7.61x-1.56x-12.04x-10.95x-16.12x-1.57x-15.27x-24.21x
FCF Conversion-3.78x-0.73x1.59x0.07x0.92x0.05x0.27x-0.53x-0.10x-0.73x
Revenue Growth-9.31%-10.9%-100%-615.09%-43.19%-11.59%13.26%77.46%21.51%

Revenue by Segment

20152016
Seed Production And Distribution376.25M334.77M
Seed Production And Distribution Growth--11.02%
Biotech And Product Development3.26M3.5M
Biotech And Product Development Growth-7.31%

Frequently Asked Questions

Valuation & Price

Origin Agritech Limited (SEED) has a price-to-earnings (P/E) ratio of 0.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Origin Agritech Limited (SEED) reported $93.7M in revenue for fiscal year 2024. This represents a 83% decrease from $567.4M in 2011.

Origin Agritech Limited (SEED) grew revenue by 21.5% over the past year. This is strong growth.

Origin Agritech Limited (SEED) reported a net loss of $6.2M for fiscal year 2024.

Dividend & Returns

Origin Agritech Limited (SEED) had negative free cash flow of $22.8M in fiscal year 2024, likely due to heavy capital investments.

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