AGRO

Adecoagro S.A.

54
Fundamentals67/ 100
Valuation25/ 100
Upside potential58/ 100
Risk potential34/ 100

AGRO's outlook is improving, though it still trails on the overall score.

CELH

Celsius Holdings, Inc.

72
Fundamentals87/ 100
Valuation70/ 100
Upside potential73/ 100
Risk potential26/ 100

CELH has the edge over AGRO overall, supported by stronger valuation and stronger fundamentals.

AGRO Fundamentals

MetricStatus
Healthy
Healthy
Under pressure
Under pressure

AGRO's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.

CELH Fundamentals

MetricStatus
Healthy
Strong
Stable
Strong

CELH's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.

AGRO PE Valuation

CHEAPFAIREXPENSIVE1136x2272x3409x4545x
CHEAPFAIREXPENSIVE1136x2272x3409x4545x
LevelPEPriceVs current
Forward4.5x$8.47—
Cheap25x$1.73-80%
Fair60x$4.20-50%
Current130x$8.47—
Expensive182x$12.74+50%

Historical ranges are pointers, not guarantees.

AGRO's PE is in its expensive range at 130x, but its recent earnings include one-off gains. If earnings grow as analysts expect, today's price would be 4.5x next year's earnings, in its cheap range.

CELH PE Valuation

CHEAPFAIREXPENSIVE318x636x954x1272x
CHEAPFAIREXPENSIVE318x636x954x1272x
LevelPEPriceVs current
Forward21x$31.89—
Current35x$31.89—
Cheap40x$35.95+13%
Fair141x$127+299%
Expensive650x$585+1735%

Historical ranges are pointers, not guarantees.

CELH has the edge over AGRO in the historical PE scenario, which offers more potential upside but is not a forecast.

AGRO Forward outlook

MetricOutlook
Strongly improving
Strong growth
Strong growth
Improving
Limited
High

Analysts expect strong earnings and revenue growth for AGRO, with profitability improving.

CELH Forward outlook

MetricOutlook
Strongly improving
Strong growth
Growth
Improving
Limited
Low

Analysts expect earnings and revenue growth for CELH, with profitability improving. However, they disagree widely on these estimates.

AGRO Risk to reward

ScenarioChangePrice
Upside+47%$12.43
Downside-34%$5.56

Calculated from the latest close: $8.47 on Nov 12.

AGRO trails CELH on modeled risk to reward, with less potential upside and more potential downside.

CELH Risk to reward

ScenarioChangePrice
Upside+69%$54.01
Downside-25%$23.76

Calculated from the latest close: $31.89 on Nov 12.

CELH has a better modeled risk to reward balance than AGRO, with more potential upside and less potential downside.

AGRO Earnings Per Share

Q3 2023: $0.27Q4 2023: $0.42Q1 2024: $0.47Q2 2024: $0.40Q3 2024: $0.30Q4 2024: $0.18Q1 2025: $0.12Q2 2025: $0.07Q3 2025: $0.04Q4 2025: $-0.02Q1 2026: $0.00Q2 2026: $0.07Forward: $1.88
Q3 2023: $0.27Q4 2023: $0.42Q1 2024: $0.47Q2 2024: $0.40Q3 2024: $0.30Q4 2024: $0.18Q1 2025: $0.12Q2 2025: $0.07Q3 2025: $0.04Q4 2025: $-0.02Q1 2026: $0.00Q2 2026: $0.07Forward: $1.88
QuarterTTM EPSYoY
Forward$1.88+2581%
Q2 2026$0.070%
Q1 2026$0.00-100%
Q4 2025-$0.02-111%
Q3 2025$0.04-87%
Q2 2025$0.07-83%
Q1 2025$0.12-74%
Q4 2024$0.18-57%
Q3 2024$0.30+11%

AGRO's earnings per share have fallen from their peak: $0.07 over the past year, against $0.47 in early 2024. Its recent earnings include one-off gains.

CELH Earnings Per Share

Q4 2023: $0.77Q1 2024: $0.91Q2 2024: $1.01Q3 2024: $0.72Q4 2024: $0.45Q1 2025: $0.33Q2 2025: $0.38Q3 2025: $0.11Q4 2025: $0.25Q1 2026: $0.43Q2 2026: $0.24Q3 2026: $0.90Forward: $1.53
Q4 2023: $0.77Q1 2024: $0.91Q2 2024: $1.01Q3 2024: $0.72Q4 2024: $0.45Q1 2025: $0.33Q2 2025: $0.38Q3 2025: $0.11Q4 2025: $0.25Q1 2026: $0.43Q2 2026: $0.24Q3 2026: $0.90Forward: $1.53
QuarterTTM EPSYoY
Forward$1.53+70%
Q3 2026$0.90+718%
Q2 2026$0.24-37%
Q1 2026$0.43+30%
Q4 2025$0.25-44%
Q3 2025$0.11-85%
Q2 2025$0.38-62%
Q1 2025$0.33-64%
Q4 2024$0.45-42%

CELH has the edge over AGRO on earnings, with more consistent year-over-year improvement.

AGRO Quarterly Revenue

Q3 2023: $386MQ4 2023: $264MQ1 2024: $262MQ2 2024: $411MQ3 2024: $471MQ4 2024: $374MQ1 2025: $326MQ2 2025: $382MQ3 2025: $304MQ4 2025: $416MQ1 2026: $399MQ2 2026: $531M
Q3 2023: $386MQ4 2023: $264MQ1 2024: $262MQ2 2024: $411MQ3 2024: $471MQ4 2024: $374MQ1 2025: $326MQ2 2025: $382MQ3 2025: $304MQ4 2025: $416MQ1 2026: $399MQ2 2026: $531M
QuarterRevenueYoY
Q2 2026$531M+39%
Q1 2026$398.7M+22%
Q4 2025$415.9M+11%
Q3 2025$304.2M-35%
Q2 2025$382.1M-7.1%
Q1 2025$325.5M+24%
Q4 2024$374.2M+42%
Q3 2024$471.5M+22%

AGRO's revenue is growing: $531M last quarter, up 39% from the same quarter a year ago.

CELH Quarterly Revenue

Q4 2023: $347MQ1 2024: $356MQ2 2024: $402MQ3 2024: $266MQ4 2024: $332MQ1 2025: $329MQ2 2025: $739MQ3 2025: $725MQ4 2025: $722MQ1 2026: $783MQ2 2026: $818MQ3 2026: $847M
Q4 2023: $347MQ1 2024: $356MQ2 2024: $402MQ3 2024: $266MQ4 2024: $332MQ1 2025: $329MQ2 2025: $739MQ3 2025: $725MQ4 2025: $722MQ1 2026: $783MQ2 2026: $818MQ3 2026: $847M
QuarterRevenueYoY
Q3 2026$847.2M+17%
Q2 2026$817.9M+11%
Q1 2026$782.6M+138%
Q4 2025$721.6M+117%
Q3 2025$725.1M+173%
Q2 2025$739.3M+84%
Q1 2025$329.3M-7.4%
Q4 2024$332.2M-4.4%

CELH has the edge over AGRO on sales, with stronger typical year-over-year growth.

AGRO Free Cash Flow

Q3 2023: $160MQ4 2023: $121MQ1 2024: −$133MQ2 2024: $93MQ3 2024: −$713,000Q4 2024: $106MQ1 2025: −$104MQ2 2025: $74MQ3 2025: −$24MQ4 2025: $92MQ1 2026: −$90MQ2 2026: $70M
Q3 2023: $160MQ4 2023: $121MQ1 2024: −$133MQ2 2024: $93MQ3 2024: −$713,000Q4 2024: $106MQ1 2025: −$104MQ2 2025: $74MQ3 2025: −$24MQ4 2025: $92MQ1 2026: −$90MQ2 2026: $70M
QuarterFree cash flowYoY
Q2 2026$70.2M-5%
Q1 2026-$89.9M+$13.9M
Q4 2025$91.8M-13%
Q3 2025-$24.4M-$23.6M
Q2 2025$73.8M-21%
Q1 2025-$103.8M+$29.6M
Q4 2024$105.8M-13%
Q3 2024-$713K-100%

AGRO still generates free cash flow, though less than at its 2022 peak: $48M over the past year.

CELH Free Cash Flow

Q4 2023: $426,000Q1 2024: $130MQ2 2024: $30MQ3 2024: $9MQ4 2024: $70MQ1 2025: $96MQ2 2025: $35MQ3 2025: $321MQ4 2025: −$130MQ1 2026: $66MQ2 2026: $205MQ3 2026: $128M
Q4 2023: $426,000Q1 2024: $130MQ2 2024: $30MQ3 2024: $9MQ4 2024: $70MQ1 2025: $96MQ2 2025: $35MQ3 2025: $321MQ4 2025: −$130MQ1 2026: $66MQ2 2026: $205MQ3 2026: $128M
QuarterFree cash flowYoY
Q3 2026$127.7M-60%
Q2 2026$205.5M+479%
Q1 2026$65.8M-32%
Q4 2025-$130M-285%
Q3 2025$321.5M+3599%
Q2 2025$35.5M+17%
Q1 2025$96.4M-26%
Q4 2024$70.3M+16394%

CELH has the edge over AGRO on cash flow, with more consistent year-over-year improvement.

AGRO Total Shares

Q3 2023: 538MQ4 2023: 535MQ1 2024: 527MQ2 2024: 512MQ3 2024: 504MQ4 2024: 500MQ1 2025: 502MQ2 2025: 499MQ3 2025: 500MQ4 2025: 506MQ1 2026: 717MQ2 2026: 728M
Q3 2023: 538MQ4 2023: 535MQ1 2024: 527MQ2 2024: 512MQ3 2024: 504MQ4 2024: 500MQ1 2025: 502MQ2 2025: 499MQ3 2025: 500MQ4 2025: 506MQ1 2026: 717MQ2 2026: 728M
PeriodChange %Net change
Quarterly+1.6%+11.6M shares
1 year+46%+230M shares
3 years+35%+189M shares
5 years+24%+139M shares
Available history+25%+145M shares

AGRO has 728M diluted shares, up 46% from a year ago.

CELH Total Shares

Q4 2023: 237MQ1 2024: 238MQ2 2024: 238MQ3 2024: 234MQ4 2024: 237MQ1 2025: 237MQ2 2025: 260MQ3 2025: 258MQ4 2025: 255MQ1 2026: 260MQ2 2026: 257MQ3 2026: 255M
Q4 2023: 237MQ1 2024: 238MQ2 2024: 238MQ3 2024: 234MQ4 2024: 237MQ1 2025: 237MQ2 2025: 260MQ3 2025: 258MQ4 2025: 255MQ1 2026: 260MQ2 2026: 257MQ3 2026: 255M
PeriodChange %Net change
Quarterly-0.8%-2M shares
1 year-1.1%-2.9M shares
3 years+7.4%+17.6M shares
5 years+8.3%+19.5M shares
Available history+32%+62.4M shares

CELH has the edge over AGRO on shareholder dilution, with a more favorable share count trend.

AGRO Net Leverage

Q3 2023: 2.0xQ4 2023: 1.5xQ1 2024: 1.6xQ2 2024: 1.6xQ3 2024: 1.8xQ4 2024: 2.2xQ1 2025: 3.0xQ2 2025: 3.5xQ3 2025: 3.7xQ4 2025: 3.9xQ1 2026: 4.1xQ2 2026: 3.3x
Q3 2023: 2.0xQ4 2023: 1.5xQ1 2024: 1.6xQ2 2024: 1.6xQ3 2024: 1.8xQ4 2024: 2.2xQ1 2025: 3.0xQ2 2025: 3.5xQ3 2025: 3.7xQ4 2025: 3.9xQ1 2026: 4.1xQ2 2026: 3.3x
QuarterNet LeverageStatus
Q2 20263.3xElevated
Q1 20264.1xHigh
Q4 20253.9xElevated
Q3 20253.7xElevated
Q2 20253.5xElevated
Q1 20253.0xElevated
Q4 20242.2xModerate
Q3 20241.8xHealthy

AGRO's net debt is about 3.3 years of its operating earnings (EBITDA), down from 3.5 years a year ago.

CELH Net Leverage

Q4 2023: -2.8xQ1 2024: -2.9xQ2 2024: -2.7xQ3 2024: -3.8xQ4 2024: -5.5xQ1 2025: -7.3xQ2 2025: 1.4xQ3 2025: 0.5xQ4 2025: 1.6xQ1 2026: 0.5xQ2 2026: 0.2xQ3 2026: -0.1x
Q4 2023: -2.8xQ1 2024: -2.9xQ2 2024: -2.7xQ3 2024: -3.8xQ4 2024: -5.5xQ1 2025: -7.3xQ2 2025: 1.4xQ3 2025: 0.5xQ4 2025: 1.6xQ1 2026: 0.5xQ2 2026: 0.2xQ3 2026: -0.1x
QuarterNet LeverageStatus
Q3 2026-0.1xNet Cash
Q2 20260.2xVery low
Q1 20260.5xVery low
Q4 20251.6xHealthy
Q3 20250.5xVery low
Q2 20251.4xHealthy
Q1 2025-7.3xNet Cash
Q4 2024-5.5xNet Cash

CELH has the edge over AGRO on leverage, with a lower net debt burden relative to earnings.

AGRO Weekly Momentum

MetricValueStatus
RSI37.3Neutral
Stochastic13.0Oversold

AGRO's weekly RSI is 37 (neutral) and its Stochastic is 13 (oversold).

CELH Weekly Momentum

MetricValueStatus
RSI51.3Neutral
Stochastic56.8Neutral

CELH's weekly RSI is 51 (neutral) and its Stochastic is 57 (neutral).

AGRO PE vs Consumer Defensive Sector

MetricAGROSector medianRelative
PE130x19x569% above
PE %801862 pts above

AGRO is trading at 130x earnings, a 569% premium to the Consumer Defensive sector's median of 19x, though its recent earnings include one-off gains.

CELH PE vs Consumer Defensive Sector

MetricCELHSector medianRelative
PE35x19x82% above
PE %11187 pts below

CELH has the edge over AGRO on valuation relative to its sector.

AGRO Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$9.7613% below
20 week MA$10.217% below
50 week MA$10.519% below
100 week MA$9.8614% below
200 week MA$9.9915% below

AGRO is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.

CELH Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$29.19.4% above
20 week MA$29.67.8% above
50 week MA$36.112% below
100 week MA$38.818% below
200 week MA$44.629% below

CELH has the edge over AGRO on trend strength, trading above more of its moving averages.

AGRO Yearly ROI

YearStart priceEnd priceROI
2020$8.39$6.00-28%
2021$6.00$7.25+21%
2022$7.25$8.41+16%
2023$8.41$11.1+32%
2024$11.1$9.47-15%
2025$9.47$7.99-16%
2026 YTD$7.99$8.47+6%

AGRO has the edge over CELH on returns for 2026, with the stronger performance.

CELH Yearly ROI

YearStart priceEnd priceROI
2020$1.58$14.7+832%
2021$14.7$24.9+69%
2022$24.9$35.6+43%
2023$35.6$54.5+53%
2024$54.5$26.5-51%
2025$26.5$45.6+72%
2026 YTD$45.6$31.9-30%

CELH's yearly returns have swung widely, from +832% in 2020 to −51% in 2024. It's down 30% so far in 2026.

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