Latest Ratios: P/E Ratio -22.4x · EV/EBITDA 234.8x · ROE -248.7%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $334M | $297M | $276M | $285M | $295M | $208M | — | — |
| Enterprise Value | $479M | $442M | $429M | $459M | $472M | $392M | — | — |
| P/E Ratio → | -22.41 | — | — | — | — | — | — | — |
| P/S Ratio | 1.89 | 1.68 | 1.00 | 0.93 | 1.02 | 0.79 | — | — |
| P/B Ratio | 50.11 | 44.58 | 51.83 | 9.75 | 6.57 | 4.37 | — | — |
| P/FCF | — | — | 12.87 | 12.10 | — | — | — | — |
| P/OCF | 937.11 | 833.53 | 11.74 | 8.54 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.50 | 1.57 | 1.50 | 1.63 | 1.50 | — | — |
| EV / EBITDA | 234.82 | 109.41 | — | 66.15 | 53.22 | 45.65 | — | — |
| EV / EBIT | — | — | — | 327.67 | — | 157.66 | — | — |
| EV / FCF | — | — | 20.05 | 19.53 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.2% | 10.2% | 10.0% | 10.0% | 10.1% | 16.2% | 20.6% | 19.5% |
| Operating Margin | -1.4% | -1.4% | -2.8% | 0.4% | 0.8% | 1.3% | 5.0% | 2.2% |
| Net Profit Margin | -8.4% | -8.4% | -8.9% | -4.1% | -6.6% | -3.1% | -0.1% | -4.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -248.7% | -248.7% | -140.9% | -34.2% | -41.4% | -16.0% | -0.2% | — |
| ROA | -6.0% | -6.0% | -8.8% | -4.1% | -6.3% | -3.0% | -0.0% | -3.8% |
| ROIC | -1.2% | -1.2% | -3.2% | 0.4% | 0.8% | 1.2% | 4.6% | 2.0% |
| ROCE | -6.5% | -6.5% | -16.3% | 1.8% | 2.7% | 3.6% | 11.2% | 4.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 23.94 | 23.94 | 31.22 | 6.81 | 4.48 | 4.17 | 2.60 | — |
| Debt / EBITDA | 39.47 | 39.47 | — | 28.62 | 22.72 | 23.13 | 9.11 | 25.66 |
| Net Debt / Equity | — | 21.79 | 28.92 | 5.98 | 3.93 | 3.87 | 2.36 | — |
| Net Debt / EBITDA | 35.93 | 35.93 | — | 25.16 | 19.92 | 21.45 | 8.25 | 24.66 |
| Debt / FCF | — | — | 7.18 | 7.43 | — | — | — | — |
| Interest Coverage | -0.18 | -0.18 | -0.69 | 0.10 | -0.70 | 0.24 | 1.44 | 0.41 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.33 | 0.33 | 0.37 | 0.48 | 0.60 | 0.58 | 0.55 | 0.51 |
| Quick Ratio | 0.24 | 0.24 | 0.30 | 0.37 | 0.49 | 0.39 | 0.38 | 0.39 |
| Cash Ratio | 0.07 | 0.07 | 0.06 | 0.09 | 0.10 | 0.07 | 0.09 | 0.07 |
| Asset Turnover | — | 0.71 | 1.11 | 0.99 | 0.94 | 0.87 | 0.83 | 0.86 |
| Inventory Turnover | 9.04 | 9.04 | 16.22 | 9.69 | 9.57 | 5.84 | 5.88 | 9.92 |
| Days Sales Outstanding | — | 42.28 | 34.86 | 65.40 | 95.46 | 80.27 | 51.02 | 55.68 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | 7.8% | 8.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $27M | $27M | $27M | $27M | $21M | $15M | $26M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying AFRI stock.
Forafric Global PLC's current P/E ratio is -22.4x. This places it at the 50th percentile of its historical range.
Forafric Global PLC's current EV/EBITDA is 234.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 55.0x.
Forafric Global PLC's return on equity (ROE) is -248.7%. The historical average is -80.2%.
Based on historical data, Forafric Global PLC is trading at a P/E of -22.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Forafric Global PLC has 10.2% gross margin and -1.4% operating margin.
Forafric Global PLC's Debt/EBITDA ratio is 39.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Insolvency and liquidity risk
Metrics are mathematically derived from official filings.
Distressed Valuation Amidst Negative Earnings
According to recent market data, AFRI trades at a P/S multiple of 1.00, which, when viewed alongside its negative P/E of -11.33, suggests that investors are pricing the firm as a distressed asset rather than a growth-oriented consumer staple entity compared to its peers.
The lack of a positive forward P/E or EV/EBITDA multiple indicates that the market is currently unable to assign a reliable earnings-based valuation to the company. This valuation profile implies that the market is heavily discounting the firm's future cash flows due to persistent net losses and the high probability of further equity dilution.
Persistent Decay in Capital Returns
Based on reported financial statements, AFRI's ROIC has trended into negative territory, reaching -0.8% in 2024Q2, which highlights a fundamental inability to generate returns that exceed the cost of capital required to maintain its extensive milling and storage infrastructure.
The consistent decay in ROIC suggests that the company's capital allocation strategy has failed to create shareholder value, as the returns on invested capital remain suppressed by thin margins and high fixed-cost overhead. This trend warrants further investigation into whether the current asset base is fundamentally over-capitalized relative to its actual throughput capacity.
Working Capital Management Remains Inefficient
As reported in quarterly filings, AFRI's cash conversion cycle remains volatile, with a DSO of 160 days and a DIO of 143 days as of 2024Q2, indicating significant friction in converting inventory and receivables into cash compared to industry standards for efficient agricultural processors.
The extended duration of the cash conversion cycle suggests that the company is struggling to optimize its working capital, which places additional strain on its already limited liquidity. Investors should monitor whether these inefficiencies are structural consequences of the Moroccan market environment or indicative of poor operational execution in managing supplier and customer relationships.
Debt Burden Threatens Financial Stability
Based on the latest balance sheet data, AFRI's debt-to-equity ratio has ballooned to 10.97, a level that appears unsustainable and significantly higher than the leverage profiles of more stable peers like Ingredion or The Andersons, signaling a precarious financial position for the firm.
The extreme leverage ratio suggests that the company is highly vulnerable to interest rate fluctuations and potential credit tightening. Given the negative interest coverage ratio of -0.52, the firm's ability to service its existing debt obligations appears increasingly questionable without significant external capital intervention or a rapid turnaround in operational profitability.
Misapplication of P/S Valuation Multiples
The P/S ratio is frequently misapplied to AFRI, as it obscures the company's underlying inability to convert revenue into operating profit, thereby providing a misleading sense of value for a firm that is currently burning cash at the functional level.
Investors should prioritize cash flow-based metrics or enterprise value relative to tangible asset replacement costs rather than revenue multiples. Relying on P/S ignores the reality that for this business model, revenue growth without margin expansion serves only to accelerate the depletion of the company's limited liquidity and equity base.