Archer-Daniels-Midland Co (ADM)
Consumer Staples · Agricultural Products & Services · US stock · S&P 500 component
$79.84
▲ +0.48 (0.60%)
Fair valueFair
$83 +3.7% to fair value
$41fair band $70–$100$124
Day's range
$78.18 – $79.92
52-week range
$55.58 – $88.75
About Archer-Daniels-Midland Co
Archer-Daniels-Midland processes crops into food ingredients, animal feed, and industrial and energy products. It crushes oilseeds such as soybeans, mills and processes corn, makes sweeteners, starches and ethanol, and supplies nutrition ingredients for people and animals. It also stores, transports and trades grain through a global network. The business is organised around agricultural services and oilseeds, carbohydrate solutions and nutrition.
ADM earns money from processing margins, from trading and merchandising crops, and from its ingredient businesses. Revenue is $82.1 billion over the last twelve months, but revenue growth over three years is -7.5% a year. The operating margin is 3.3%, and the business earns a profit of 7% on the capital invested in it. It carries net debt of 1.8 times EBITDA, and the dividend yield is 2.6%. On the site's X-Ray Score it receives 39 out of 100.
Price chart
52-wk range $55.58 – $88.75Volume 2,648,323Daily, split-adjusted
Vitals
Market cap$38.7B
52-week range$55.58 – $88.75
Volume (last day)2,648,323
P/E (TTM)21.8
EBIT / EV yield5.9%
Free-cash-flow yield4.3%
Dividend yield2.6%
Revenue (TTM)$82.1B
Net income (TTM)$1.8B
Operating margin3.3%
Return on capital7.5%
Debt incl. leases$8.0B
Cash & securities$1.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$83middle half of models $69 – $89
Fair
+3.7% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $80
Undervalued < $70Fair $70 – $100Overvalued > $100
P/E multiple
$75
P/B multiple
$99
P/S multiple
$144
EV/EBITDA multiple
$78
EV/EBIT multiple
$68
EV/revenue multiple
$129
10-year DCF, EBITDA exit
$70
5-year DCF, EBITDA exit
$71
10-year DCF, revenue exit
$75
5-year DCF, revenue exit
$78
10-year DCF, growth exit
$60
5-year DCF, growth exit
$59
Dividend discount, stable
$63
Dividend discount, multi-stage
$70
Earnings power value
$103
Growth the price implies
10.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
53/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.9%
Free-cash-flow yield4.3%
Fair value vs price1.0×
Growth
Weak
23/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-7.5%
EPS growth (3y)-33.9%
Growth consistency30%
Profitability
Weak
32/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital7.5%
Operating margin3.3%
Gross profitability10.5%
Financial health
Weak
43/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA1.8×
Interest cover4.5×
Dividends
Weak
47/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.6%
Dividends vs free cash flow60%
Dividend growth3.2%
Quarterly results: last 6 quarters
-7.7%
Mar '25
-4.9%
Jun '25
+2.2%
Sep '25
-13.7%
Dec '25
+1.6%
Mar '26
+7.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $22.7B, diluted EPS $1.87.
Compare with peers
BG Bunge Global SA35Other Agricultural Products & Services companies by X-Ray Score.
SWOT analysis: Archer-Daniels-Midland Co
Strengthsinside the company
- No standout strength in the figures we track.
Weaknessesinside the company
- Return on invested capital of 7.5% is well below the 16.0% median of sector peers.
- Operating margin of 3.3% is thin against 12.2% for sector peers.
- Revenue has fallen 7.5% a year over three years while sector peers grew 2.5%.
- Earnings per share have declined 33.9% a year over three years.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare ADM with peers and sector
Medians of 28 Consumer Staples peers and of 28 Consumer Staples stocks in our universe.
Largest peers (X-Ray Score): WMT 51, COST 56, KO 43, PG 54, PM 50, PEP 60.
| Metric | ADM | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 39 | 51 | 51 |
| Valuation | 53 | 53 | 53 |
| Growth | 22 | 49 | 49 |
| Profitability | 32 | 53 | 53 |
| Financial health | 43 | 54 | 54 |
| Dividends | 47 | 51 | 51 |
Sector leaders: highest X-Ray Score in Consumer Staples
ADM ranks #23 of 29 in Consumer Staples by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for ADM
Each factor is rated by where ADM stands among the 29 Consumer Staples stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 5 Average · 11 Bad of 23
Growth: 0 · 0 · 3
Profitability: 0 · 1 · 4
Financial strength: 1 · 1 · 2
Valuation: 3 · 2 · 0
Cash flow: 1 · 1 · 2
Efficiency: 2 · 0 · 0
| Factor | ADM | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −7.5% | Bad beats 5% | +2.3% | – | – |
| Revenue growth, last year | −6.2% | Bad beats 2% | +2.2% | −6.2% | ≈ In line |
| EPS growth, 3 years a year | −33.9% | Bad beats 10% | +2.0% | – | – |
| Profitability | |||||
| Gross margin | 6.9% | Bad beats 9% | 38.7% | 7.0% | ≈ In line |
| Operating margin | 3.3% | Bad beats 17% | 11.0% | 4.2% | ≈ In line |
| Net margin | 2.2% | Bad beats 23% | 6.9% | 3.2% | ▼ Worse |
| Return on invested capital | 7.5% | Average beats 35% | 15.2% | – | – |
| Return on equity | 7.5% | Bad beats 29% | 18.6% | 12.0% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 1.8x | Average beats 62% | 2.0x | 1.9x | ≈ In line |
| Interest cover | 4.5x | Bad beats 17% | 11.8x | 7.6x | ▼ Worse |
| Current ratio | 1.39 | Good beats 80% | 1.04 | 1.45 | ≈ In line |
| Piotroski F-score | 5 / 9 | Bad beats 21% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 21.9x | Average beats 65% | 25.0x | 13.8x | ▼ Worse |
| Price / book | 1.6x | Good beats 83% | 4.5x | 1.6x | ≈ In line |
| Price / sales | 0.5x | Good beats 91% | 1.8x | 0.4x | ≈ In line |
| EV / EBITDA | 11.8x | Good beats 87% | 15.2x | 9.1x | ▼ Worse |
| Free cash flow yield | 4.3% | Average beats 40% | 4.8% | 7.6% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 2.0% | Bad beats 10% | 9.3% | 3.2% | ▼ Worse |
| Cash from operations / net income | 1.58 | Average beats 52% | 1.54 | 1.55 | ≈ In line |
| Free cash flow growth, 3 years a year | +24.9% | Good beats 78% | +11.0% | – | – |
| Accruals (lower is better) | −1.9% | Bad beats 25% | −4.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 7.2x | Good beats 85% | 5.3x | 6.9x | ≈ In line |
| Days sales outstanding | 15 days | Good beats 83% | 35 days | 16 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 5 Average · ● 8 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 37/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $85.2B | $101.6B | $93.9B | $85.5B | $80.3B |
| Operating income | $3.6B | $5.6B | $4.9B | $3.0B | $1.9B |
| Net income | $2.7B | $4.3B | $3.5B | $1.8B | $1.1B |
| Operating cash flow | $6.6B | $3.5B | $4.5B | $2.8B | $5.5B |
| Operating margin | 4.2% | 5.5% | 5.3% | 3.5% | 2.3% |
| Free cash flow | $5.4B | $2.2B | $3.0B | $1.2B | $4.2B |
| Diluted EPS | $4.79 | $7.71 | $6.43 | $3.65 | $2.23 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
3 bullish · 3 neutral · 10 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 81.29 | Bearish |
| EMA 10 | 80.97 | Bearish |
| SMA 20 | 81.08 | Bearish |
| EMA 20 | 81.45 | Bearish |
| SMA 50 | 82.21 | Bearish |
| EMA 50 | 81.60 | Bearish |
| SMA 100 | 80.93 | Bearish |
| EMA 100 | 80.00 | Bearish |
| SMA 200 | 75.39 | Bullish |
| EMA 200 | 75.41 | Bullish |
Oscillators (daily)
| RSI (14) | 43.09 | Neutral |
| MACD (12, 26) | -0.52 | Bearish |
| Momentum (12) | -2.88 | Bearish |
| Stochastic %K (14) | 27.21 | Neutral |
| Williams %R (14) | -72.79 | Neutral |
| CCI (20) | -105.5 | Bullish |
Pivot points (classic, last session)
S3 76.97 | S2 77.57 | S1 78.71 | Pivot 79.31 | R1 80.45 | R2 81.05 | R3 82.19 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.07 USD
Yield on today's price
2.59%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5200 | |
| 0.5200 | |
| 0.5200 | |
| 0.5100 | |
| 0.5100 | |
| 0.5100 | |
| 0.5100 | |
| 0.5000 | |
| 0.5000 | |
| 0.5000 | |
| 0.5000 | |
| 0.4500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold ADM
| ETF | Share of the fund |
|---|---|
| GUNR FlexShares Morningstar Global Upstream... | 3.23% |
| RSPS Invesco S&P 500 Equal Weight Consumer... | 2.94% |
| XLP Consumer Staples Select Sector SPDR | 2.39% |
| SAMT The Advisorsa Inner Circle Fund III | 2.32% |
| RPV Invesco S&P 500 Pure Value | 2.20% |
| GNR SPDR S&P Global Natural Resources | 2.11% |
| DIVO Amplify CWP Enhanced Dividend Income | 1.78% |
| IYK iShares US Consumer Staples | 1.73% |
The eight funds with the largest weight in ADM among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
ADM stock splits
ADM has split its stock 13 times since 1990. The latest was a 21-for-20 split on 30 Aug 2001.
Full ADM stock split history →ADM SEC filings
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Current report
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change; Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.