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Agree Realty Corp
NYSE:ADC

Watchlist Manager
Agree Realty Corp
NYSE:ADC
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Price: 67.09 USD +3.31% Market Closed
Updated: Mar 25, 2023

Intrinsic Value

The intrinsic value of one ADC stock under the Base Case scenario is 61.41 USD. Compared to the current market price of 67.09 USD, Agree Realty Corp is Overvalued by 8%.

The Intrinsic Value is calculated as the average of the two valuation methods:

ADC Intrinsic Value
Base Case
61.41 USD
Overvaluation 8%
Intrinsic Value
Price
A
Worst Case
Base Case
Best Case

Fundamental Analysis

ADC Profitability Score
Profitability Due Diligence

Agree Realty Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

Negative Free Cash Flow
Low 3-Year Average ROIC
Low 3-Year Average ROE
Low ROIC
56/100
Profitability
Score

Agree Realty Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

ADC Solvency Score
Solvency Due Diligence

Agree Realty Corp's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Average Interest Coverage
Positive Net Debt
Average Altman Z-Score
Short-Term Liabilities
43/100
Solvency
Score

Agree Realty Corp's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Financials

Balance Sheet Decomposition
Agree Realty Corp

Current Assets 93.6M
Cash & Short-Term Investments 27.8M
Receivables 65.8M
Non-Current Assets 6.6B
PP&E 5.8B
Intangibles 799M
Other Non-Current Assets 18.2M
Current Liabilities 99.9M
Accounts Payable 60.2M
Accrued Liabilities 17.4M
Other Current Liabilities 22.3M
Non-Current Liabilities 2B
Long-Term Debt 1.9B
Other Non-Current Liabilities 38.1M
Efficiency
88%
Gross Margin
50%
Operating Margin
34%
Net Margin
-246%
FCF Margin
Other

ADC Capital Structure
Agree Realty Corp

Market Capitalization 6B USD
Total Debt 1.9B USD
Minority Interest 1.4M USD
Preferred Equity 0 USD
Cash and Equivalents 27.8M USD
Short-Term Investments 0 USD
Enterprise Value 8B USD

Wall St
Price Targets

ADC Price Targets Summary
Agree Realty Corp

Wall Street analysts forecast ADC stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ADC is 79.67 USD with a low forecast of 73.73 USD and a high forecast of 89.25 USD.

Lowest
Price Target
73.73 USD
10% Upside
Average
Price Target
79.67 USD
19% Upside
Highest
Price Target
89.25 USD
33% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

ADC Competitors
Agree Realty Corp

ADC Suppliers & Customers
Agree Realty Corp

There is no information about
Agree Realty Corp
key suppliers
Customers Map

Ownership

ADC Insider Trading
Buy and sell transactions by insiders

Agree Realty Corp insiders have only bought shares in the past 12 months.

During the last 12 months Agree Realty Corp insiders bought 1.8M USD , and have not sold any shares. The last transaction was made on Mar 25, 2023 by Erlich Craig (CHIEF OPERATING OFFICER), who bought 159k USD worth of ADC shares.

Sold
0-3
months
0 USD
0
3-6
months
0 USD
0
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
1
159k USD
3-6
months
1
1.6M USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
1
29k USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
N/A
159k USD
159k
6 Months
N/A
1.7M USD
1.7M
9 Months
N/A
1.7M USD
1.7M
12 Months
N/A
1.8M USD
1.8M
Purchases
99
Sales
8
No transactions found
Why is insider trading important?

Shareholder Return

ADC Return Decomposition
Main factors of price return

Market capitalization of ADC shares increased by 395.44% over the past 5 years. The primary factor behind the change was an increase in revenue growth from 117M to 528M, leading to a growth in the market capitalization of Agree Realty Corp by 371.94%.

Market capitalization of ADC shares increased by 395.44% over the past 5 years. The primary factor behind the change was an increase in revenue growth from 117M to 528M, leading to a growth in the market capitalization of Agree Realty Corp by 371.94%.

+395.44%
1.2B 6B
Market Cap Growth
+123.29%
20.5 33.8
P/E Change
+272.14%
59.4M 179M
Earnings Growth
Market Cap Growth
+395.44%
P/E Change
+123.29%
Earnings Growth
+272.14%
What is price return decomposition?

ADC Price
Agree Realty Corp

1M 1M
-6%
6M 6M
-3%
1Y 1Y
+5%
3Y 3Y
+25%
5Y 5Y
+70%
Annual Price Range
67.09
52w Low
63.49
52w High
80.11
Price Metrics
Average Annual Return 15.5%
Standard Deviation of Annual Returns 12.07%
Max Drawdown -21%
Shares Statistics
Market Capitalization 6B USD
Shares Outstanding 90 173 400
Percentage of Shares Shorted 8.5%

Company Profile

Agree Realty Corp

Country

United States of America

Industry

Real Estate

Market Cap

6B USD

Dividend Yield

0%

Description

Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. The company is headquartered in Bloomfield Hills, Michigan and currently employs 57 full-time employees. The firm operates a portfolio of approximately 1,404 properties, located in 47 states and containing approximately 29.1 million square feet of gross leasable area. The firm's properties include AAMCO, AARON'S Rents, Page, Arizona, AARON'S Rents, Bullhead City, Arizona, AARON'S RENTS, Elk City, Oklahoma, Advance Auto Parts, Saginaw, Michigan, Advance Auto Parts, Sidney, Ohio, AT&T St. Robert, Missouri, AT&T St. Robert, Missouri, Academy Sports McKinney, Texas, ALDI Columbus, Georgia, Amazon Fresh Bloomingdale, Illinois, AMC Springfield, Missouri and more. Its portfolio of properties is located at Texas, Illinois, Michigan, Ohio, North Carolina, Florida, New Jersey, California, Pennsylvania, New York, Georgia, Virginia, Wisconsin and Connecticut.

Contact

MICHIGAN
Bloomfield Hills
70 E. Long Lake Road
+18107374190.0
http://www.agreerealty.com/

IPO

1994-04-15

Employees

57

Officers

Pres, CEO & Director
Mr. Joel N. Agree
CFO, Sec. & Investor Relations Professional
Mr. Peter Coughenour
Chief Operating Officer
Mr. Craig Erlich
Gen. Counsel
Ms. Danielle M. Spehar
Exec. VP of People & Culture and Chief of Staff
Ms. Nicole Witteveen
Exec. Chairman
Mr. Richard A. Agree
Show More
Chief Accounting Officer
Mr. Stephen Breslin
Chief Information Officer & VP of Continuous Improvement
Mr. Larry Kaufman
Director of Financial Reporting & Compliance
Mr. Dan Theeck
Director of Devel.
Mr. Josh Bratton
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one ADC stock?

The intrinsic value of one ADC stock under the Base Case scenario is 61.41 USD.

Is ADC stock undervalued or overvalued?

Compared to the current market price of 67.09 USD, Agree Realty Corp is Overvalued by 8%.