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Agria Corporation Message Board

  • kroppja kroppja Mar 13, 2013 1:02 PM Flag

    Can you Dig it!

    I am looking for feed back on my analysis of future earnings potential for Gro. Any legit comments and/or other analysis is appreciated. I think the most important question for the up coming earnings is how many acres is GRO growing seed corn on. They did mention they now have double the acres, but it was not clear how much is for grass and how much for corn. This analysis is based on the 5400 of seed corn.

    183 Bushels/Acre
    120,000 Seeds/Bushel
    Gro has 5400 acres available for the purpose of growing seed corn
    5400x183x120,000=118,584,000,000 seeds
    118,584,000,000/80,000 seeds per bag=1,482,300 bags of seed
    1,482,000 bags x $200 a bag=$296,400,000 dollars
    Assume 15% profit or $44,460,000
    With 56,000,000 ADR earnings per share of $0.79.
    with a 10 PE future stock price of $8 based just on seed sales.

    Big question is how long will it take to utilize all 5400 acres to grow seed corn?

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GRO
1.59-0.01(-0.62%)Aug 28 4:02 PMEDT