The Andersons (ANDE)
NASDAQ:ANDE
Want to see ANDE full AI Analyst Report?
Top Page
The Andersons
(NASDAQ:ANDE)
Select Model
Select Model
Rating:56Neutral
Price Target:
$74.00
▲(55.76% Upside)
Action:ReiteratedDate:05/09/26
The score is held back most by weakening financial fundamentals—especially negative free cash flow, contracting TTM revenue, and higher leverage. Offsetting this, the latest earnings call was notably constructive with record quarterly performance, reaffirmed targets, and manageable leverage, while technicals are mixed and valuation appears reasonable.
Positive Factors
Business-model diversification
The Andersons operates two durable, complementary revenue streams—commodity merchandising/logistics and plant nutrient sales—providing diversified cash flows tied to physical agriculture demand, logistics value‑capture, and recurring seasonal fertilizer demand that support resilience over multiple cycles.
Negative Factors
Revenue contraction
A near‑30% TTM revenue decline and structurally thin net margins reduce scale economics and leave limited buffer against cost shocks. If volume or basis recovery lags, fixed costs and low margin structure could compress profitability and undermine durable earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Business-model diversification
The Andersons operates two durable, complementary revenue streams—commodity merchandising/logistics and plant nutrient sales—providing diversified cash flows tied to physical agriculture demand, logistics value‑capture, and recurring seasonal fertilizer demand that support resilience over multiple cycles.
Read all positive factors
The Andersons (ANDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.43B
Dividend Yield1.44%
Average Volume (3M)359.44K
Price to Earnings (P/E)18.4
Beta (1Y)0.38
Revenue Growth-1.98%
EPS Growth18.34%
CountryUS
Employees2,224
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)3.78
Shares Outstanding34,054,054
10 Day Avg. Volume306,354
30 Day Avg. Volume359,442
Financial Highlights & Ratios
PEG Ratio-1.17
Price to Book (P/B)1.45
Price to Sales (P/S)0.16
P/FCF Ratio-32.22
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit5.09
Enterprise Value/Ebitda13.69
Forecast
1Y Price Target
$82.50Price Target Upside73.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.88
Revenue Forecast (FY)$11.65B
The Andersons Business Overview & Revenue Model
Company Description
The Andersons, Inc., an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing...
How the Company Makes Money
The Andersons makes money primarily through (1) merchandising agricultural commodities and (2) selling plant nutrient products.
1) Commodity merchandising and logistics: The company buys, stores, transports, and sells grains and other agricultura...
The Andersons Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call portrayed a strong, constructive outlook driven by record quarterly results, significant year-over-year improvements across segments, robust cash generation, and visible progress on strategic growth projects (Port of Houston, plant upgrades, carbon reduction initiatives). Key positives (large increases in adjusted net income and EBITDA, record renewables production, $26M of 45Z credits, solid balance sheet metrics) substantially outweigh the headwinds described (input cost pressure from higher corn basis and natural gas, hedging that limited upside, delayed basis appreciation, fertilizer supply risks, and regulatory timing uncertainty).Positive Updates
Record First Quarter Results
Reported GAAP net income attributable of $33.0M ($0.97 per diluted share) and adjusted net income of $38.0M ($1.12 per diluted share), representing a year-over-year increase in adjusted net income of ~+850% (from $4.0M in Q1 2025). Company called it the strongest first quarter ever.
Negative Updates
Margin Pressure from Input Costs
Higher Eastern corn basis and elevated natural gas prices reduced some ethanol margins in the quarter, offsetting part of favorable market fundamentals.
Read all updates
Q1-2026 Updates
Positive
Negative
Record First Quarter Results
Reported GAAP net income attributable of $33.0M ($0.97 per diluted share) and adjusted net income of $38.0M ($1.12 per diluted share), representing a year-over-year increase in adjusted net income of ~+850% (from $4.0M in Q1 2025). Company called it the strongest first quarter ever.
Read all positive updates
Company Guidance
The company reiterated an optimistic 2026 outlook and concrete financial targets, including a long‑range EPS goal of $7.00 by end‑2028, full‑year capital spending of ~ $225 million (ex‑acquisitions) with Q1 capex of $52 million (vs $47M a year ago), and a full‑year adjusted tax rate guide of 14–18% (Q1 effective rate 14%). Quarterly metrics underpinning the guidance were: Q1 adjusted EBITDA $91M (vs $57M), adjusted pretax earnings $44M (vs $3M), adjusted net income $38M or $1.12/diluted (GAAP net income $33M or $0.97/diluted), operating cash flow before working capital $68M (vs $57M), recorded $26M of 45Z tax credits, long‑term debt/EBITDA at 1.6x (target <2.5x), Agribusiness adjusted EBITDA $49M (vs $31M) and adjusted pretax $18M (vs breakeven), and Renewables EBITDA $54M (vs $37M) and pretax income $40M (vs $15M). Operational and timing guidance included Port of Houston full operations expected in Q3, Clymers debottlenecking completion by late‑2027, plants running above nameplate capacity, and continued evaluation of growth projects and acquisitions supported by a strong balance sheet.The Andersons Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.98B | 11.01B | 11.26B | 14.75B | 17.33B | 12.61B |
| Gross Profit | 720.87M | 713.65M | 687.31M | 831.94M | 670.63M | 441.64M |
| EBITDA | 268.08M | 321.95M | 359.75M | 341.54M | 386.30M | 378.27M |
| Net Income | 128.62M | 95.71M | 114.01M | 101.19M | 131.08M | 103.99M |
Balance Sheet | ||||||
| Total Assets | 3.92B | 3.71B | 4.12B | 3.86B | 4.61B | 4.57B |
| Cash, Cash Equivalents and Short-Term Investments | 72.40M | 98.28M | 561.77M | 643.85M | 115.27M | 216.44M |
| Total Debt | 1.31B | 1.04B | 876.22M | 665.29M | 912.39M | 1.17B |
| Total Liabilities | 2.61B | 2.42B | 2.52B | 2.34B | 3.18B | 3.26B |
| Stockholders Equity | 1.27B | 1.24B | 1.37B | 1.28B | 1.20B | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | -104.94M | -56.13M | 182.32M | 796.31M | 147.38M | -132.85M |
| Operating Cash Flow | 133.34M | 177.00M | 331.51M | 946.75M | 287.12M | -51.05M |
| Investing Cash Flow | -625.95M | -195.31M | -163.07M | -153.88M | -52.90M | 487.25M |
| Financing Cash Flow | 345.19M | -447.15M | -250.36M | -263.99M | -334.73M | -248.77M |
The Andersons Technical Analysis
Positive
47.51
Price Trends
68.87
Positive
61.96
Positive
51.48
Positive
Market Momentum
1.20
Positive
53.52
Neutral
23.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANDE, the sentiment is Positive. The current price of 47.51 is below the 20-day moving average (MA) of 72.19, below the 50-day MA of 68.87, and below the 200-day MA of 51.48, indicating a neutral trend. The MACD of 1.20 indicates Positive momentum. The RSI at 53.52 is Neutral, neither overbought nor oversold. The STOCH value of 23.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ANDE.
The Andersons Risk Analysis
The Andersons disclosed 23 risk factors in its most recent earnings report. The Andersons reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
The Andersons Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $501.49M | 16.37 | 17.27% | 3.55% | 13.95% | 37.07% | |
64 Neutral | $491.00M | 155.30 | 7.82% | 3.70% | -10.47% | 70.95% | |
63 Neutral | $926.67M | -339.58 | 5.77% | ― | 1.94% | -18.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $3.18B | 28.34 | -4.97% | ― | -0.44% | 6.45% | |
56 Neutral | $2.43B | 18.39 | 10.17% | 1.44% | -1.98% | 18.34% |
* Consumer Defensive Sector Average
ANDE
The Andersons
71.45
36.14
102.34%
CVGW
Calavo Growers
27.47
2.22
8.78%
WILC
Willi Food Inte
36.00
20.79
136.64%
UNFI
United Natural Foods
52.32
24.08
85.27%
AVO
Mission Produce
13.08
2.54
24.10%
The Andersons Corporate Events
Business Operations and StrategyPrivate Placements and Financing
The Andersons Amends and Extends Key Credit Facilities
Positive
Mar 25, 2026
On March 20, 2026, The Andersons, Inc. amended its long-standing credit agreement with U.S. Bank National Association, reducing the capacity of its revolving credit facility from $1.55 billion to $1.30 billion while extending the facility’s ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.