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AgriFORCE Growing Systems Ltd. (AGRI) 10-Year Financial Performance & Capital Metrics

AGRI • • Industrial / General
Consumer DefensiveFarm ProductsAgricultural Technology & InnovationAgricultural Biotechnology
AboutAgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products for businesses and consumers that deliver healthier and nutritious solutions. It also engages in the real estate holding and development activities; provision of management advisory services; and intellectual property development activities. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.Show more
  • Revenue $68K +317.0%
  • EBITDA -$10M +7.0%
  • Net Income -$16M -38.7%
  • EPS (Diluted) -39.96 +96.0%
  • Gross Margin -31.27% -288.3%
  • EBITDA Margin -14339.95% +77.7%
  • Operating Margin -15322.56% +77.6%
  • Net Margin -23973.39% +66.7%
  • ROE -221.79% -80.6%
  • ROIC -97.99% -32.4%
  • Debt/Equity 0.24 -49.6%
  • Interest Coverage -3.49 -149.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 6 (bottom 6%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗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

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM2241.93%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-11.63%

EPS CAGR

10Y-
5Y-
3Y-
TTM-132.11%

ROCE

10Y Avg-154.46%
5Y Avg-116.1%
3Y Avg-100.82%
Latest-117.08%

Peer Comparison

Agricultural Biotechnology
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SANWS&W Seed Company214.68K0.10-0.01-17.79%-85.38%-120.2%1.21
AQBAquaBounty Technologies, Inc.3.8M0.98-0.03-7.23%0.21
AGRIAgriFORCE Growing Systems Ltd.193.21M2.08-0.05316.97%-14.4%-159.87%0.24
AVXAvax One Technology Ltd196.47M2.11-0.05316.97%-14.4%-159.87%0.24

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0000016.28K67.89K
Revenue Growth %------3.17%
Cost of Goods Sold+08.11K9.06K022.41K13.58K89.11K
COGS % of Revenue-----0.83%1.31%
Gross Profit+0-8.11K-9.06K0-22.41K2.7K-21.23K
Gross Margin %-----0.17%-0.31%
Gross Profit Growth %---0.12%1%-1.12%-8.85%
Operating Expenses+2.5M5.11M3.34M6.93M13.63M11.16M10.38M
OpEx % of Revenue-----685.19%152.91%
Selling, General & Admin1.75M4M3.21M5.48M13.02M7.83M4.64M
SG&A % of Revenue-----480.71%68.31%
Research & Development881.43K1.11M123.92K474.34K615.69K6.59K211.35K
R&D % of Revenue-----0.4%3.11%
Other Operating Expenses-137.24K00972.84K03.32M5.53M
Operating Income+-2.5M-5.12M-3.35M-6.93M-13.66M-11.15M-10.4M
Operating Margin %------685.03%-153.23%
Operating Income Growth %--1.05%0.35%-1.07%-0.97%0.18%0.07%
EBITDA+-2.49M-5.11M-3.34M-6.92M-13.63M-10.47M-9.73M
EBITDA Margin %------643.27%-143.4%
EBITDA Growth %--1.05%0.35%-1.07%-0.97%0.23%0.07%
D&A (Non-Cash Add-back)3.29K8.11K9.06K11.8K22.41K679.84K667.06K
EBIT-1.98M-5.12M-3.33M-6.16M-9.48M-3.77M-13.3M
Net Interest Income+000-483.53K-3.4M-7.96M-2.98M
Interest Income0004843.32K00
Interest Expense000483.53K3.4M7.96M2.98M
Other Income/Expense-247.58K-3.6K17.65K285.7K783.17K-580.3K-5.87M
Pretax Income+-2.74M-5.12M-3.33M-6.64M-12.87M-11.73M-16.27M
Pretax Margin %------720.67%-239.73%
Income Tax+00-106.19K0000
Effective Tax Rate %1%1%0.97%1%1%1%1%
Net Income+-2.74M-5.12M-3.22M-6.64M-12.87M-11.73M-16.27M
Net Margin %------720.67%-239.73%
Net Income Growth %--0.87%0.37%-1.06%-0.94%0.09%-0.39%
Net Income (Continuing)-2.74M-5.12M-3.22M-6.64M-12.87M-11.73M-16.27M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-8506.59-1930.75-1435.65-2431.05-3560.00-1011.03-39.96
EPS Growth %-0.77%0.26%-0.69%-0.46%0.72%0.96%
EPS (Basic)-8506.59-1930.75-1435.65-2431.05-3560.00-1011.03-22.81
Diluted Shares Outstanding3232.9K2.9K3.04K3.62K11.61K407.31K
Basic Shares Outstanding3232.9K2.9K3.04K3.62K11.61K713.63K
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+196.2K2.3M875.42K8.12M2.92M4.22M1.31M
Cash & Short-Term Investments79.02K2.16M653.41K7.78M2.27M3.88M489.87K
Cash Only79.02K2.16M653.41K7.78M2.27M3.88M489.87K
Short-Term Investments0000000
Accounts Receivable36.87K47.7K8.97K32.33K48.94K30.86K189.37K
Days Sales Outstanding-----691.821.02K
Inventory57.56K0170K246.44K548.83K38.86K269.53K
Days Inventory Outstanding--6.85K-8.94K1.04K1.1K
Other Current Assets-96588.37K213.04K-151.85K-386.99K49.25K-169.83K
Total Non-Current Assets+27.91K2.07M2.49M3.65M18.93M13.15M9.46M
Property, Plant & Equipment27.91K2.07M2.1M2.12M3.75M125.37K808.89K
Fixed Asset Turnover-----0.13x0.08x
Goodwill000000294.94K
Intangible Assets0001.48M13.09M12.73M8.31M
Long-Term Investments00000223.8K0
Other Non-Current Assets00390.93K50.61K2.09M63.71K45.22K
Total Assets+224.11K4.37M3.37M11.77M21.85M17.37M10.76M
Asset Turnover-----0.00x0.01x
Asset Growth %-18.5%-0.23%2.5%0.86%-0.21%-0.38%
Total Current Liabilities+264.19K1.38M1.93M2.29M5.36M6.04M4.32M
Accounts Payable181.26K958.28K991.57K551.28K498.19K578.13K696.17K
Days Payables Outstanding-43.11K39.95K-8.11K15.54K2.85K
Short-Term Debt00003.94M4.08M1.44M
Deferred Revenue (Current)0000000
Other Current Liabilities12.44K033.79K890.89K284.03K510.77K2.18M
Current Ratio0.74x1.68x0.45x3.55x0.54x0.70x0.30x
Quick Ratio0.52x1.68x0.37x3.44x0.44x0.69x0.24x
Cash Conversion Cycle------13.81K-729.28
Total Non-Current Liabilities+181.26K031.42K1.48M5.94M2.76M332.46K
Long-Term Debt0031.42K47.33K44.3K45.37K41.7K
Capital Lease Obligations00001.25M00
Deferred Tax Liabilities000-12.95K000
Other Non-Current Liabilities0001.43M4.65M2.72M290.77K
Total Liabilities264.19K1.38M1.96M3.77M11.3M8.8M4.65M
Total Debt+0031.42K47.33K5.51M4.13M1.48M
Net Debt-79.02K-2.16M-621.99K-7.73M3.24M251.43K995.04K
Debt / Equity--0.02x0.01x0.52x0.48x0.24x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage----14.33x-4.02x-1.40x-3.49x
Total Equity+-40.08K2.99M1.4M8M10.54M8.56M6.11M
Equity Growth %-75.71%-0.53%4.7%0.32%-0.19%-0.29%
Book Value per Share-124.231031.23483.292635.952915.56738.0115.00
Total Shareholders' Equity-40.08K2.99M1.4M8M10.54M8.56M6.11M
Common Stock2.37M3.73M5.7M25.64M27.14M49.83M65.04M
Retained Earnings-2.74M-8.35M-12.52M-19.9M-32.77M-44.51M-60.78M
Treasury Stock0000000
Accumulated OCI10.9K164.91K213.94K-33.09K-642.71K-229.5K-1.16M
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.57M-4.31M-1.85M-5.14M-12.08M-6.51M-5.27M
Operating CF Margin %------399.55%-77.65%
Operating CF Growth %--1.74%0.57%-1.77%-1.35%0.46%0.19%
Net Income-2.74M-5.12M-3.22M-6.64M-12.87M-11.73M-16.27M
Depreciation & Amortization3.29K8.11K9.06K11.8K22.41K679.84K667.06K
Stock-Based Compensation208.32K401.87K571.21K930.52K940.95K763.23K85.54K
Deferred Taxes000-606.25K000
Other Non-Cash Items812K62.81K438.08K804.65K4.14K2.68M10M
Working Capital Changes147.01K338.87K351.47K365.45K-173.76K1.1M246.89K
Change in Receivables-36.87K-10.82K38.72K-23.35K-16.61K18.08K-158.51K
Change in Inventory00023.35K16.61K-38.86K-3.59K
Change in Payables264.19K367.2K257.97K662.17K75.55K834.15K641.28K
Cash from Investing+-31.04K-1.3M-171.57K-1.01M-640.01K-225K-1.87M
Capital Expenditures-31.04K-1.3M-171.57K-1.01M-660.01K0-839.94K
CapEx % of Revenue------12.37%
Acquisitions-------
Investments-------
Other Investing000744.19K20K0-673.77K
Cash from Financing+1.67M7.51M604.8K13.41M7.56M8.27M3.61M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing-47.86K0-93.5K-2.1M-2.38M-541.14K-84.46K
Net Change in Cash-------
Free Cash Flow+-1.61M-5.61M-2.02M-6.14M-12.74M-6.51M-6.78M
FCF Margin %------399.55%-99.95%
FCF Growth %--2.49%0.64%-2.04%-1.07%0.49%-0.04%
FCF per Share-4974.80-1931.72-696.72-2024.27-3523.06-560.54-16.66
FCF Conversion (FCF/Net Income)0.57x0.84x0.57x0.77x0.94x0.55x0.32x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)--346.52%-146.49%-141.29%-138.85%-122.81%-221.79%
Return on Invested Capital (ROIC)--1070.63%-310.27%-986.42%-145.77%-74.03%-97.99%
Gross Margin-----16.61%-31.27%
Net Margin------72066.89%-23973.39%
Debt / Equity--0.02x0.01x0.52x0.48x0.24x
Interest Coverage----14.33x-4.02x-1.40x-3.49x
FCF Conversion0.57x0.84x0.57x0.77x0.94x0.55x0.32x
Revenue Growth------316.97%

Revenue by Geography

2024
CANADA67.89K
CANADA Growth-

Frequently Asked Questions

Growth & Financials

AgriFORCE Growing Systems Ltd. (AGRI) reported $1.3M in revenue for fiscal year 2024.

AgriFORCE Growing Systems Ltd. (AGRI) grew revenue by 317.0% over the past year. This is strong growth.

AgriFORCE Growing Systems Ltd. (AGRI) reported a net loss of $19.4M for fiscal year 2024.

Dividend & Returns

AgriFORCE Growing Systems Ltd. (AGRI) has a return on equity (ROE) of -221.8%. Negative ROE indicates the company is unprofitable.

AgriFORCE Growing Systems Ltd. (AGRI) had negative free cash flow of $9.2M in fiscal year 2024, likely due to heavy capital investments.

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