(FPI) Farmland Partners - Ratings and Ratios
Farmland Ownership, Farm Loans, Equipment Leases
FPI EPS (Earnings per Share)
FPI Revenue
Description: FPI Farmland Partners
Farmland Partners Inc. is a real estate investment trust that specializes in owning and acquiring high-quality farmland across North America, while also providing secured loans to farmers and landowners. With a diverse portfolio spanning 16 states, the company has established a significant presence in the agricultural sector. As of March 31, 2025, FPIs assets include approximately 139,200 acres of farmland and four agriculture equipment dealerships in Ohio, leased to Ag Pro under the John Deere brand. The companys business model is designed to generate stable returns through rental income and interest on secured loans.
From a technical analysis perspective, FPIs stock price has been exhibiting a bullish trend, with a current price of $11.50 and a 20-day simple moving average (SMA) of $11.44, indicating a potential breakout. The stocks relative strength is further supported by its 50-day and 200-day SMAs, which are currently at $10.75 and $10.78, respectively. With an average true range (ATR) of 0.22, representing a 1.89% daily price movement, FPIs stock appears to be poised for continued upward momentum.
Fundamentally, FPIs market capitalization stands at $531.40 million, with a price-to-earnings (P/E) ratio of 10.43, indicating a relatively attractive valuation. However, the forward P/E ratio of 161.29 raises concerns about potential earnings growth. The companys return on equity (RoE) of 12.25% is a positive indicator of its ability to generate profits for shareholders. With its internally managed structure and REIT status, FPI is well-positioned to continue delivering value to investors.
Based on a comprehensive analysis of FPIs technical and fundamental data, we forecast that the stock is likely to continue its upward trend, potentially reaching $12.50 in the near term. This forecast is supported by the stocks bullish technical indicators, as well as its attractive valuation and stable returns. However, investors should remain cautious about potential earnings growth, as indicated by the forward P/E ratio. As the agricultural sector continues to evolve, FPIs diversified portfolio and strategic business model are likely to drive long-term value creation for shareholders.
FPI Stock Overview
| Market Cap in USD | 481m |
| Sub-Industry | Other Specialized REITs |
| IPO / Inception | 2014-04-11 |
FPI Stock Ratings
| Growth Rating | 0.69% |
| Fundamental | 62.8% |
| Dividend Rating | 92.1% |
| Return 12m vs S&P 500 | -6.81% |
| Analyst Rating | 3.75 of 5 |
FPI Dividends
| Dividend Yield 12m | 8.19% |
| Yield on Cost 5y | 15.79% |
| Annual Growth 5y | 60.59% |
| Payout Consistency | 92.0% |
| Payout Ratio | 21.4% |
FPI Growth Ratios
| Growth Correlation 3m | -27.1% |
| Growth Correlation 12m | -8.8% |
| Growth Correlation 5y | 18.9% |
| CAGR 5y | -2.55% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.08 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.17 |
| Sharpe Ratio 12m | -0.17 |
| Alpha | -6.48 |
| Beta | 0.921 |
| Volatility | 24.21% |
| Current Volume | 300.1k |
| Average Volume 20d | 325k |
| Stop Loss | 9.9 (-3.5%) |
| Signal | 0.21 |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (70.2m TTM) > 0 and > 6% of Revenue (6% = 3.30m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 1.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 212.6% (prev 26.97%; Δ 185.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.02 (>3.0%) and CFO 14.5m <= Net Income 70.2m (YES >=105%, WARN >=100%) |
| Net Debt (-50.4m) to EBITDA (81.0m) ratio: -0.62 <= 3.0 (WARN <= 3.5) |
| Current Ratio 144.3 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (54.2m) change vs 12m ago 13.36% (target <= -2.0% for YES) |
| Gross Margin 76.95% (prev 73.65%; Δ 3.29pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.09% (prev 5.51%; Δ 0.59pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 5.57 (EBITDA TTM 81.0m / Interest Expense TTM 13.6m) >= 6 (WARN >= 3) |
Altman Z'' 2.46
| (A) 0.15 = (Total Current Assets 117.7m - Total Current Liabilities 816.0k) / Total Assets 776.7m |
| (B) 0.12 = Retained Earnings (Balance) 96.5m / Total Assets 776.7m |
| (C) 0.08 = EBIT TTM 76.0m / Avg Total Assets 902.6m |
| (D) 0.48 = Book Value of Equity 97.0m / Total Liabilities 202.7m |
| Total Rating: 2.46 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 62.76
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 3.38% = 1.69 |
| 3. FCF Margin 26.40% = 6.60 |
| 4. Debt/Equity 0.00 = 2.50 |
| 5. Debt/Ebitda -0.62 = 2.50 |
| 6. ROIC - WACC (= 1.17)% = 1.47 |
| 7. RoE 14.46% = 1.20 |
| 8. Rev. Trend -26.47% = -1.99 |
| 9. EPS Trend 5.77% = 0.29 |
What is the price of FPI shares?
Over the past week, the price has changed by -2.66%, over one month by -5.52%, over three months by -8.86% and over the past year by +7.03%.
Is Farmland Partners a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FPI is around 10.28 USD . This means that FPI is currently overvalued and has a potential downside of 0.19%.
Is FPI a buy, sell or hold?
- Strong Buy: 1
- Buy: 1
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FPI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.3 | 19.4% |
| Analysts Target Price | 12.3 | 19.4% |
| ValueRay Target Price | 11.6 | 12.7% |
Last update: 2025-10-04 03:52
FPI Fundamental Data Overview
P/E Trailing = 8.2946
P/E Forward = 161.2903
P/S = 8.7377
P/B = 1.0178
Beta = 0.921
Revenue TTM = 55.0m USD
EBIT TTM = 76.0m USD
EBITDA TTM = 81.0m USD
Long Term Debt = 192.7m USD (from longTermDebt, last quarter)
Short Term Debt = 641.0k USD (from shortTermDebt, last quarter)
Debt = 641.0k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -50.4m USD (from netDebt column, last quarter)
Enterprise Value = 430.1m USD (480.6m + Debt 641.0k - CCE 51.1m)
Interest Coverage Ratio = 5.57 (Ebit TTM 76.0m / Interest Expense TTM 13.6m)
FCF Yield = 3.38% (FCF TTM 14.5m / Enterprise Value 430.1m)
FCF Margin = 26.40% (FCF TTM 14.5m / Revenue TTM 55.0m)
Net Margin = 127.6% (Net Income TTM 70.2m / Revenue TTM 55.0m)
Gross Margin = 76.95% ((Revenue TTM 55.0m - Cost of Revenue TTM 12.7m) / Revenue TTM)
Gross Margin QoQ = 57.83% (prev 79.09%)
Tobins Q-Ratio = 0.55 (Enterprise Value 430.1m / Total Assets 776.7m)
Interest Expense / Debt = 380.2% (Interest Expense 2.44m / Debt 641.0k)
Taxrate = -0.10% (negative due to tax credits) (-8000 / 7.78m)
NOPAT = 76.1m (EBIT 76.0m * (1 - -0.10%)) [negative tax rate / tax credits]
Current Ratio = 144.3 (out of range, set to none) (Total Current Assets 117.7m / Total Current Liabilities 816.0k)
Debt / Equity = 0.00 (Debt 641.0k / totalStockholderEquity, last quarter 473.5m)
Debt / EBITDA = -0.62 (Net Debt -50.4m / EBITDA 81.0m)
Debt / FCF = -3.47 (Net Debt -50.4m / FCF TTM 14.5m)
Total Stockholder Equity = 485.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.04% (Net Income 70.2m / Total Assets 776.7m)
RoE = 14.46% (Net Income TTM 70.2m / Total Stockholder Equity 485.4m)
RoCE = 11.21% (EBIT 76.0m / Capital Employed (Equity 485.4m + L.T.Debt 192.7m))
RoIC = 10.57% (NOPAT 76.1m / Invested Capital 719.7m)
WACC = 9.40% (E(480.6m)/V(481.2m) * Re(9.41%) + (debt cost/tax rate unavailable))
Discount Rate = 9.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -8.38%
[DCF Debug] Terminal Value 77.13% ; FCFE base≈11.5m ; Y1≈14.2m ; Y5≈24.3m
Fair Price DCF = 7.31 (DCF Value 322.9m / Shares Outstanding 44.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 5.77 | EPS CAGR: -30.37% | SUE: 0.23 | # QB: 0
Revenue Correlation: -26.47 | Revenue CAGR: -9.58% | SUE: 0.27 | # QB: 0
Additional Sources for FPI Stock
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Fund Manager Positions: Dataroma | Stockcircle