BrasilAgro Cia Brasileira de Propriedades Agricolas (LND) AI Stock Analysis

• Market Cap: $417.47M
• Dividend Yield: 3.39%
• Average Volume (3M): 47.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.04
• Revenue Growth: -3.22%
• EPS Growth: -108.24%
• Country: US
• Employees: 342
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): <0.01
• Shares Outstanding: 102,683,440
• 10 Day Avg. Volume: 52,227
• 30 Day Avg. Volume: 47,589
• PEG Ratio: -0.39
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 1.97
• P/FCF Ratio: 35.11
• Enterprise Value/Market Cap: 8.23
• Enterprise Value/Revenue: 4.18
• Enterprise Value/Gross Profit: 11.48
• Enterprise Value/Ebitda: 39.38
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $4.00 ▲(9.29% Upside)
• Action: Reiterated Date: 02/08/26
• Date: Action: Reiterated 02/08/26

The score is held back primarily by deteriorating financial performance (sharp revenue decline and a swing to net losses) and a valuation profile that is hard to justify with negative earnings. Support comes from continued positive operating/free cash flow and a technically neutral-to-slightly constructive setup with modestly positive MACD and price holding above longer-term averages.

Positive Factors

Diversified buy-develop-operate-sell model

BrasilAgro’s dual business model—operating farms and monetizing developed land—creates durable optionality. Agricultural cash returns provide operating income while staged land sales realize development gains, allowing the company to timing exits and recycle capital to new projects over multi-year cycles.

Positive operating and free cash flow

Sustained positive operating and free cash flow despite a TTM net loss indicates underlying cash-generative assets. This cash provides funding for field renewal and property development, reducing reliance on external financing and supporting execution of the asset-enrichment strategy over the medium term.

Large asset base and equity buffer

A sizable land and asset base with equity exceeding debt gives solvency and collateral optionality. The strong equity cushion supports development financings, enables strategic hold-or-sell flexibility, and provides a long-term buffer against cyclical agricultural swings and balance-sheet shocks.

Negative Factors

Sharp revenue decline and net loss

A large revenue contraction and swing to net loss signal weaker demand, crop yields, or fewer monetized land sales. Persistent profit deterioration would erode retained earnings and limit reinvestment capacity, undermining the company’s ability to execute its development-and-sale cycle reliably over time.

Falling free cash flow and limited debt coverage

A steep FCF decline and operating cash covering a small fraction of debt weakens financial flexibility. Reduced internal funding raises refinancing and liquidity risk for multi-year development projects and may force reliance on external capital or asset sales at inopportune times, pressuring strategy execution.

Operational and climate-related production risks

Material weather, pests, aging-field issues and a farm fire create structural production variability. These risks require ongoing capex for replanting and resilience measures, increasing costs and yield uncertainty, which amplifies revenue volatility and complicates forecasting for multi-year land monetization timing.

BrasilAgro Cia Brasileira de Propriedades Agricolas Business Overview & Revenue Model

Company Description

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil. The company operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other. It is involved in the cultivation of soybean, corn, sorghum, and cotton, as well as sugarcane; and production and sale of beef calves after weaning. The company has 17 farms in 6 Brazilian states and 1 farm in Paraguay with a total area of 223,551 hectares of own lands and 51,747 hectares of leased lands. It also imports and exports agricultural products and inputs; purchases, sells, and/or rents properties, land, buildings, and real estate in rural and/or urban areas; provides real estate brokerage services; and manages third-party assets. The company was incorporated in 2005 and is headquartered in Sao Paulo, Brazil.

How the Company Makes Money

BrasilAgro generates revenue primarily through the sale of agricultural products cultivated on its owned and managed properties. The company benefits from the appreciation of its land assets, which can be sold or leased to other agricultural operators, thereby creating additional income streams. Key revenue sources include direct sales of crops, leasing agricultural land to third parties, and strategic partnerships with agribusiness firms to enhance operational efficiencies and market access. The company also capitalizes on favorable market conditions and price fluctuations in the agricultural commodities sector to optimize its earnings.

BrasilAgro Cia Brasileira de Propriedades Agricolas Financial Statement Overview

Summary

Financial results weakened materially: TTM revenue fell ~23.9% and net income swung to a loss (-82.4M). Offsetting this, the balance sheet is still workable (debt-to-equity ~0.78 with equity > debt) and cash flow remains positive (TTM OCF ~141.1M; FCF ~73.9M), though FCF declined sharply (~-68.2%).

Income Statement

Profitability and growth have weakened materially. TTM (Trailing-Twelve-Months) revenue fell ~23.9% and net income turned to a loss (-82.4M) versus solid profitability in FY2025 (net margin ~13.1%) and stronger results in FY2022–FY2024. While gross margin remains reasonable in TTM (~29.8%), the swing to losses and the sharp revenue contraction reduce confidence in near-term earnings stability.

Balance Sheet

The balance sheet remains moderately levered with equity still larger than debt (TTM debt-to-equity ~0.78), but leverage has trended up versus prior years (roughly ~0.32–0.60 historically). Total assets (~3.73B) and equity (~2.08B) provide a buffer, though the TTM return on equity is slightly negative due to the earnings loss, highlighting that balance-sheet strength is being pressured by weaker profitability.

Cash Flow

Cash generation is positive but less supportive than in prior periods. TTM operating cash flow is positive (~141.1M) and free cash flow remains positive (~73.9M), but free cash flow declined sharply (~-68.2% growth) and operating cash flow covers only about ~21% of total debt, indicating limited near-term debt-paying capacity from operations. Free cash flow remains positive despite net losses, which is a mitigating factor, but the trend is unfavorable.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	821.39M	1.06B	1.02B	1.20B	1.37B	716.05M
Gross Profit	299.27M	215.55M	311.89M	393.74M	775.92M	-35.82M
EBITDA	87.22M	105.07M	338.91M	421.73M	787.98M	436.83M
Net Income	-82.44M	138.02M	226.87M	268.54M	520.10M	317.65M
Balance Sheet
Total Assets	3.73B	3.84B	3.61B	3.51B	3.35B	3.43B
Cash, Cash Equivalents and Short-Term Investments	54.62M	159.82M	193.89M	412.04M	530.36M	1.06B
Total Debt	1.61B	1.31B	1.04B	871.97M	702.19M	862.18M
Total Liabilities	1.66B	1.66B	1.43B	1.31B	1.13B	1.25B
Stockholders Equity	2.08B	2.18B	2.18B	2.20B	2.22B	2.18B
Cash Flow
Free Cash Flow	73.92M	59.33M	11.02M	94.95M	154.34M	132.52M
Operating Cash Flow	141.15M	139.31M	79.42M	155.73M	205.18M	151.23M
Investing Cash Flow	-111.47M	-106.68M	-27.85M	55.04M	-89.73M	-214.01M
Financing Cash Flow	-20.52M	-60.70M	-265.80M	-261.06M	-737.80M	954.86M

BrasilAgro Cia Brasileira de Propriedades Agricolas Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LND, the sentiment is Positive. The current price of 3.66 is below the 20-day moving average (MA) of 3.95, below the 50-day MA of 3.80, and below the 200-day MA of 3.71, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.64 is Neutral, neither overbought nor oversold. The STOCH value of 90.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LND.

BrasilAgro Cia Brasileira de Propriedades Agricolas Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CALM	73 Outperform	$4.04B	3.59	48.69%	10.53%	65.80%	197.95%
FDP	70 Outperform	$2.01B	22.56	4.53%	3.34%	1.11%	414.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ALCO	62 Neutral	$318.44M	-2.25	-83.19%	0.55%	-5.52%	-2194.72%
AGRO	52 Neutral	$1.29B	39.14	1.69%	4.40%	-7.37%	-84.53%
LND	49 Neutral	$417.47M	-587.32	-1.12%	3.39%	-3.22%	-108.24%
LMNR	49 Neutral	$256.73M	-15.37	-4.88%	1.99%	-14.97%	-278.36%

BrasilAgro Cia Brasileira de Propriedades Agricolas Corporate Events

BrasilAgro Files Routine Form 6-K with SEC on February 6, 2026

On February 6, 2026, BrasilAgro – Companhia Brasileira de Propriedades Agrícolas filed a Form 6-K with the U.S. Securities and Exchange Commission as a foreign private issuer, confirming its status as a Form 20-F filer. The filing, signed by Chief Financial and Investor Relations Officer Gustavo Javier Lopez, is largely administrative in nature and does not disclose new operational or financial developments, implying limited immediate impact on the company’s business operations or strategic positioning but maintaining regulatory compliance for its stakeholders in U.S. capital markets.

The most recent analyst rating on (LND) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on BrasilAgro Cia Brasileira de Propriedades Agricolas stock, see the LND Stock Forecast page.

BrasilAgro Updates 2025/26 Harvest Outlook and Projects Sugarcane Recovery for 2026

On February 5, 2026, BrasilAgro reported updated monitoring and adjustments to its agricultural operation estimates for the 2025/2026 harvest year, noting that total planted area fell 2% versus the initial estimate due mainly to reductions in soybean and second-crop bean acreage driven by strategic and budgetary decisions. Despite this smaller planted area and earlier irregular rainfall, the company said its outlook for the 2025/26 crop year remains positive, with strong projected grain production and modest changes in projected production by crop, while also signaling higher sugarcane output in 2026 following a weaker 2025 harvest impacted by aging fields, heat, water deficits, frost, pests and a farm fire. The company completed its 2025 sugarcane harvest in November with 1.7 million tons and TCH of 67.55, but expects 2.1 million tons and TCH of 79.51 in 2026 as fields are renewed and conditions normalize, and it projected a cattle herd of 11,637 head on 8,649 hectares with somewhat lower productivity metrics, alongside detailed projections of production costs per hectare across its main crops, providing investors with an updated view of operational performance and cost dynamics for the current cycle.

The most recent analyst rating on (LND) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on BrasilAgro Cia Brasileira de Propriedades Agricolas stock, see the LND Stock Forecast page.