Bioceres Crop Solutions Corp.
Description
Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops. The Crop Protection segment develops, produces, and markets Rizoderma, adjuvants, therapies, herbicides, insecticides, fungicides, and baits. The Crop Nutrition segment develops, produces, commercializes, and sells inoculants, bio-inductors, and biological and microgranulated fertilizers. It also offers HB4, a drought tolerant seed technology program. The company operates in Argentina, Brazil, North America, Europe, the Middle East, South America, the United States, and internationally. Bioceres Crop Solutions Corp. was founded in 2001 and is headquartered in Rosario, Argentina.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Feb 12, 2025 | — | — | — | — |
| Nov 12, 2024 | -0.01 | -0.09 | -0.08 | 800.00% |
| Sep 10, 2024 | 0.24 | -0.03 | -0.27 | -112.50% |
| May 14, 2024 | 0.17 | 0.14 | -0.03 | -17.65% |
| Feb 9, 2024 | 0.09 | 0.02 | -0.07 | -77.78% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Jun 2025)
|
Next Year
(Jun 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 3 | 3 | 2 |
| Average estimate | — | -0.03 | 0.28 | 0.54 |
| Low estimate | — | -0.08 | 0.16 | 0.46 |
| High estimate | — | 0.02 | 0.43 | 0.61 |
| Last year EPS | — | 0.14 | 0.05 | 0.28 |
Growth estimates
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Jan 28, 2025 |
Oppenheimer
Kristen Owen
|
Maintains | Outperform | ▼ Lowers $13 → $12 |
| Nov 13, 2024 |
Canaccord Genuity
Austin Moeller
|
Maintains | Buy | ▼ Lowers $10 → $9.5 |
| Oct 21, 2024 |
Oppenheimer
Kristen Owen
|
Maintains | Outperform | ▼ Lowers $16 → $13 |
| Oct 17, 2024 |
Canaccord Genuity
Austin Moeller
|
Maintains | Buy | ▼ Lowers $12.5 → $10 |
| Sep 11, 2024 |
Canaccord Genuity
Austin Moeller
|
Maintains | Buy | ▼ Lowers $17 → $12.5 |
| Sep 11, 2024 |
Lake Street
Ben Klieve
|
Maintains | Buy | ▼ Lowers $25 → $13 |
| Sep 11, 2024 |
Oppenheimer
Kristen Owen
|
Maintains | Outperform | ▼ Lowers $17 → $16 |
| Sep 11, 2024 |
Roth MKM
Scott Fortune
|
Maintains | Buy | ▼ Lowers $15 → $13 |
| Jul 19, 2024 |
Canaccord Genuity
Austin Moeller
|
Assumes | Buy | Announces $17 |
| Jul 2, 2024 |
Roth MKM
Scott Fortune
|
Reinstates | Buy | Announces $15 |
| Feb 9, 2024 |
Roth MKM
Brian Wright
|
Maintains | Buy | ▲ Raises $20 → $21 |
| Nov 1, 2023 |
Roth MKM
Brian Wright
|
Maintains | Buy | ▼ Lowers $31 → $20 |
| Sep 12, 2023 |
Lake Street
Ben Klieve
|
Maintains | Buy | ▼ Lowers $30 → $25 |
| Sep 12, 2023 |
Roth MKM
Brian Wright
|
Reiterates | Buy | Maintains $31 |
| Aug 16, 2023 |
Roth MKM
|
Reiterates | Buy | — |
| Apr 6, 2023 |
Oppenheimer
Kristen Owen
|
Initiates | Outperform | Announces $15 |
| Sep 30, 2022 |
Canaccord Genuity
Bobby Burleson
|
Initiates | Buy | Announces $22.5 |
| Oct 8, 2021 |
Roth Capital
Brian Wright
|
Initiates | Buy | Announces $21 |
| Mar 15, 2021 |
Lake Street
|
Initiates | Buy | — |
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total reported revenue | 464.83M | 419.45M | 328.46M | 206.70M | 172.35M |
| Cost of revenue | 282.40M | 240.59M | 203.68M | 116.81M | 93.41M |
| Gross profit | 182.43M | 178.85M | 124.78M | 89.89M | 78.94M |
| Operating expense | |||||
| Research & development | 17.18M | 15.35M | 6.95M | 5.62M | 4.20M |
| Selling general and admin | 94.27M | 85.54M | 57.36M | 36.24M | 28.92M |
| Other operating expenses | 5.09M | 982,780 | 4.78M | 863,671 | 813,525 |
| Operating income | 41.52M | 54.31M | 40.32M | 37.95M | 38.17M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 24.12M | 21.23M | 14.95M | 18.92M | 19.40M |
| Other income expense | -4.62M | -11.42M | -8.33M | -6.18M | -20.06M |
| Pretax income | 10.04M | 19.11M | 14.06M | 10.53M | 6.44M |
| Tax provision | 3.78M | -1.07M | 17.97M | 14.35M | 2.21M |
| Net income | 6.26M | 20.17M | -3.91M | -3.82M | 4.24M |
| Basic EPS | 0.05 | 0.30 | -0.17 | -0.18 | 0.09 |
| Diluted EPS | 0.05 | 0.30 | -0.17 | -0.18 | 0.09 |
| Basic average shares | 62.84M | 62.15M | 42.30M | 39.22M | 36.12M |
| Diluted average shares | 62.84M | 62.15M | 42.30M | 39.22M | 36.12M |
| EBITDA | 64.12M | 72.34M | 47.68M | 42.89M | 53.11M |
| Net income from continuing op. | 6.26M | 20.17M | -3.91M | -3.82M | 4.24M |
| Minority interests | -3.01M | -1.39M | -3.29M | -3.05M | -877,453 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total assets | 850.63M | 818.06M | 518.22M | 394.59M | 297.56M |
| Current assets | |||||
| Cash | 44.47M | 48.13M | 32.91M | 28.33M | 20.18M |
| Cash equivalents | — | — | 562,380 | 7.72M | 22.35M |
| Cash and cash equivalents | 44.47M | 48.13M | 33.48M | 36.05M | 42.52M |
| Other short term investments | 11.70M | 11.92M | 5.14M | 10.74M | 9.05M |
| Accounts receivable | 207.32M | 158.01M | 111.75M | 88.78M | 73.55M |
| Other receivables | 2.83M | 1.86M | 2.39M | 103,974 | 207,168 |
| Inventory | 126.22M | 140.57M | 126.10M | 63.35M | 30.30M |
| Prepaid assets | 10.24M | 10.96M | 4.65M | 1.78M | 461,651 |
| Restricted cash | — | 212,703 | 265,123 | 425,976 | 4.39M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 60.66M | 57.31M | 52.80M | 42.81M | 35.81M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 22.61M | 19.80M | 27.72M | 20.49M | 18.56M |
| Construction in progress | 12.28M | 11.91M | 3.14M | 2.00M | 1.27M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -9.38M | -7.23M | -21.61M | -16.02M | -13.01M |
| Goodwill | 399.48M | 398.11M | 148.85M | 124.84M | 86.39M |
| Investment properties | 560,783 | 3.59M | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 174.80M | 173.78M | 76.70M | 67.34M | 35.33M |
| Investments and advances | 40.42M | 39.74M | 39.17M | 31.75M | 24.98M |
| Other non current assets | 42.93M | 9.65M | 6.51M | 5.97M | 4.40M |
| Total liabilities | 501.06M | 487.56M | 359.92M | 304.30M | 236.81M |
| Current liabilities | |||||
| Accounts payable | 161.93M | 146.26M | 124.41M | 69.25M | 53.76M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 139.87M | 111.50M | 72.71M | 77.54M | 64.39M |
| Deferred revenue | 3.92M | 24.88M | 5.90M | 6.28M | 2.87M |
| Tax payable | 10.47M | 4.07M | 8.80M | 10.01M | 3.72M |
| Pensions | 7.34M | 9.61M | 7.62M | 4.68M | 4.51M |
| Other current liabilities | 4.81M | 1.42M | 3.05M | — | — |
| Non current liabilities | |||||
| Long term debt | 131.08M | 145.91M | 97.07M | 97.04M | 84.70M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 34.50M | 35.79M | 29.01M | 25.70M | 16.86M |
| Derivative product liabilities | — | — | — | — | 1.69M |
| Other non current liabilities | 2.50M | 3.58M | 9.85M | 11.79M | 452,654 |
| Shareholders equity | |||||
| Common stock | 6,500 | 6,493 | 4,637 | 4,158 | 3,613 |
| Retained earnings | -10.66M | -13.90M | -32.68M | -25.48M | -18.61M |
| Other shareholders equity | 633,487 | 1.12M | 1.98M | -27.37M | -35.80M |
| Total shareholders equity | 349.56M | 330.50M | 158.30M | 90.29M | 60.75M |
| Additional paid in capital | 326.86M | 326.25M | 157.90M | 119.75M | 96.49M |
| Treasury stock | 31.29M | 30.55M | 3.53M | 3.53M | 30,906 |
| Minority interest | 35.30M | 31.65M | 30.68M | 22.55M | 14.57M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 6.26M | 20.17M | -3.91M | -3.82M | 4.24M | -16.36M | 742,351 | -14.31M |
| Depreciation | 21.30M | 19.39M | 9.19M | 6.26M | 4.73M | 4.83M | — | 4.37M |
| Deferred Taxes | 3.78M | -1.07M | 17.97M | 14.35M | 2.21M | 6.99M | — | -10.93M |
| Stock-Based Compensation | 14.13M | 3.42M | 1.43M | 1.66M | 3.43M | -102,827 | — | 30,005 |
| Other Non-Cash Items | 38.34M | 43.00M | 20.43M | 27.05M | 31.99M | 45.71M | — | 43.21M |
| Accounts Receivable | -51.65M | -68.34M | -32.27M | -6.34M | -26.61M | 47.26M | — | 17.83M |
| Accounts Payable | — | -4.50M | 53.48M | -5.83M | 8.27M | -33.70M | — | -35.29M |
| Other Assets & Liabilities | -4.10M | -12.26M | -82.06M | -47.52M | -21.67M | -23.30M | — | 9.44M |
| Operating Cash Flow | 28.06M | -192,302 | -15.74M | -14.20M | 6.59M | 31.33M | 742,351 | 14.35M |
| Investing Activities | ||||||||
| Capital Expenditures | -9.45M | -11.22M | -1.41M | -2.50M | -1.60M | -1.73M | — | -2.68M |
| Net Intangibles | -1.14M | -449,673 | -389,039 | -7.21M | -1.59M | -722,833 | — | -614,529 |
| Net Acquisitions | 37,508 | 4.37M | — | 253,921 | — | -129,340 | — | — |
| Purchase of Investments | -7.21M | -8.99M | -2.06M | -4.28M | -3.36M | — | -116.15M | — |
| Sale of Investments | 888,140 | 1.32M | 12.33M | 9.32M | 5,041 | — | — | — |
| Investing Cash Flow | -15.74M | -14.52M | 8.44M | 2.81M | -4.95M | -1.86M | -232.30M | -5.30M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | 135.82M | 79.82M | 140.43M | 143.50M | 135.35M | 88.69M | — | 27.75M |
| Long-Term Debt Payments | -117.49M | -20.60M | -111.69M | -117.27M | -101.75M | -111.08M | -200,000 | -37.62M |
| Other Financing Charges | -2.92M | -5.22M | -904,967 | -1.42M | 2.30M | 413,902 | 4.88M | -1.79M |
| Financing Cash Flow | 14.67M | 51.00M | 27.80M | 17.87M | 33.53M | -26.95M | 117.18M | -10.46M |
| Other Cash Details | ||||||||
| End Cash Position | 44.47M | 48.13M | 33.48M | 36.05M | 42.52M | 3.45M | 337,004 | 2.22M |
| Income Tax Paid | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — |
| Free Cash Flow | 18.93M | -19.97M | -26.51M | -20.13M | 4.82M | 26.25M | -1.00M | 12.68M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Global X Fds-Global X MSCI Argentina ETF | Nov 30, 2024 | 587,582 | 3.92M | 0.94% |
| Unified Series Trust-Ballast Small/Mid Cap ETF | Sep 30, 2024 | 271,138 | 1.81M | 0.43% |
| Royce Smaller Companies Growth Fund | Sep 30, 2024 | 155,000 | 1.03M | 0.25% |
| Datum One Series Tr-Polar Capital Emerging Market Stars Fd | Sep 30, 2024 | 96,703 | 645,009 | 0.15% |
| Royce Micro Cap Trust | Sep 30, 2024 | 50,000 | 333,500 | 0.08% |
| Global Macro Capital Opportunities Portfolio | Oct 31, 2024 | 50,100 | 334,167 | 0.08% |
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 38,927 | 259,643 | 0.06% |
| Royce Small Cap Trust, Inc. | Sep 30, 2024 | 24,147 | 161,060 | 0.04% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 15,939 | 106,313 | 0.03% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 9,257 | 61,744 | 0.01% |
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