FPI Valuation

Farmland Partners Inc

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10.825

+0.005(0.046%)1D

Overview
Forecast
Valuation
Earnings

FPI Relative Valuation

FPI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FPI is overvalued; if below, it's undervalued.

Historical Valuation

Farmland Partners Inc (FPI) is now in the Fair zone, suggesting that its current forward PS ratio of 10.04 is considered Fairly compared with the five-year average of 195.70. The fair price of Farmland Partners Inc (FPI) is between 7.35 to 11.53 according to relative valuation methord.

Relative Value

Fair Zone

7.35-11.53

Current Price：10.82

Fair

54.10

Trailing

Forward

26.54

EV/EBITDA

Farmland Partners Inc. (FPI) has a current EV/EBITDA of 26.54. The 5-year average EV/EBITDA is 33.15. The thresholds are as follows: Strongly Undervalued below 23.55, Undervalued between 23.55 and 28.35, Fairly Valued between 37.95 and 28.35, Overvalued between 37.95 and 42.75, and Strongly Overvalued above 42.75. The current Forward EV/EBITDA of 26.54 falls within the Undervalued range.

35.46

EV/EBIT

Farmland Partners Inc. (FPI) has a current EV/EBIT of 35.46. The 5-year average EV/EBIT is 47.38. The thresholds are as follows: Strongly Undervalued below 29.98, Undervalued between 29.98 and 38.68, Fairly Valued between 56.08 and 38.68, Overvalued between 56.08 and 64.78, and Strongly Overvalued above 64.78. The current Forward EV/EBIT of 35.46 falls within the Undervalued range.

10.04

Farmland Partners Inc. (FPI) has a current PS of 10.04. The 5-year average PS is 9.45. The thresholds are as follows: Strongly Undervalued below 4.61, Undervalued between 4.61 and 7.03, Fairly Valued between 11.87 and 7.03, Overvalued between 11.87 and 14.29, and Strongly Overvalued above 14.29. The current Forward PS of 10.04 falls within the Historic Trend Line -Fairly Valued range.

25.43

P/OCF

Farmland Partners Inc. (FPI) has a current P/OCF of 25.43. The 5-year average P/OCF is 5.50. The thresholds are as follows: Strongly Undervalued below -18.39, Undervalued between -18.39 and -6.44, Fairly Valued between 17.45 and -6.44, Overvalued between 17.45 and 29.39, and Strongly Overvalued above 29.39. The current Forward P/OCF of 25.43 falls within the Overvalued range.

0.00

P/FCF

Farmland Partners Inc. (FPI) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Farmland Partners Inc (FPI) has a current Price-to-Book (P/B) ratio of 1.02. Compared to its 3-year average P/B ratio of 1.08 , the current P/B ratio is approximately -5.26% higher. Relative to its 5-year average P/B ratio of 1.13, the current P/B ratio is about -9.09% higher. Farmland Partners Inc (FPI) has a Forward Free Cash Flow (FCF) yield of approximately 3.09%. Compared to its 3-year average FCF yield of 2.39%, the current FCF yield is approximately 29.20% lower. Relative to its 5-year average FCF yield of 3.15% , the current FCF yield is about -2.03% lower.

1.02

P/B

Median3y

1.08

Median5y

1.13

3.09

FCF Yield

Median3y

2.39

Median5y

3.15

Competitors Valuation Multiple

The average P/S ratio for FPI's competitors is 5.21, providing a benchmark for relative valuation. Farmland Partners Inc Corp (FPI) exhibits a P/S ratio of 10.04, which is 92.70% above the industry average. Given its robust revenue growth of -12.98%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

FPI.N

Farmland Partners Inc

Global Medical REIT Inc

One Liberty Properties Inc

Invesco Mortgage Capital Inc

2.89

-32.57%

508.58M

Performance Decomposition

Market capitalization of FPI increased by 5.66% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 1.37 to 8.97.

The secondary factor is the Revenue Growth, contributed -12.98%to the performance.

Overall, the performance of FPI in the past 1 year is driven by P/E Change. Which is more unsustainable.

-12.98%

11.45M → 9.96M

Revenue Growth

-536.31%

-17.93 → 78.23

Margin Expansion

554.95%

1.37 → 8.97

P/E Change

5.66%