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Archer-Daniels-Midland Co. (ADM)

Closing Price Change:
-$0.48
Closing Price:
$43.97
Market Cap:
$24,627m
Report: Final Results

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
Revenue 64,341.00 60,828.00 62,346.00 67,702.00 81,201.00
Operating Profit/(Loss) 1,744.00 1,377.00 1,731.00 2,131.00 3,003.00
Profit Before Tax 2,060.00 1,609.00 1,822.00 2,284.00 3,130.00
Profit After Tax 1,815.00 1,602.00 1,288.00 1,846.00 2,253.00
           
Earnings per Share - Basic 321.00¢ 280.00¢ 218.00¢ 299.00¢ 344.00¢
Earnings per Share - Adjusted 321.00¢ 280.00¢ 218.00¢ 299.00¢ 344.00¢
           
Dividend per Share 134.00¢ 128.00¢ 120.00¢ 112.00¢ 96.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Assets          
Non-Current Assets          
Property, Plant & Equipment 9,953.00 10,138.00 9,758.00 9,853.00 9,851.00
Intangible Assets 4,041.00 3,918.00 3,703.00 3,688.00 3,392.00
Other Non-Current Assets 6,251.00 5,982.00 5,263.00 4,787.00 4,726.00
  20,245.00 20,038.00 18,724.00 18,328.00 17,969.00
Current Assets          
Inventories 8,813.00 9,173.00 8,831.00 8,243.00 9,374.00
Cash at Bank & in Hand 1,997.00 804.00 619.00 910.00 1,099.00
Other Current Assets 9,778.00 9,948.00 11,595.00 12,676.00 15,555.00
  20,588.00 19,925.00 21,045.00 21,829.00 26,028.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 40,833.00 39,963.00 39,769.00 40,157.00 43,997.00
Current Liabilities          
Borrowings 690.00 870.00 427.00 98.00 132.00
Other Current Liabilities 11,086.00 11,700.00 12,746.00 13,407.00 15,470.00
           
Current Liabilities 11,776.00 12,570.00 13,173.00 13,505.00 15,602.00
           
Net Current Assets c8,812.00 c7,355.00 c7,872.00 c8,324.00 c10,426.00
           
Borrowings 7,698.00 6,623.00 6,504.00 5,779.00 5,528.00
Other Non-Current Liabilities 2,314.00 2,395.00 2,887.00 2,958.00 3,237.00
Non-Current Liabilities 10,012.00 9,018.00 9,391.00 8,737.00 8,765.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 21,788.00 21,588.00 22,564.00 22,242.00 24,367.00
           
Net Assets 19,045.00 18,375.00 17,205.00 17,915.00 19,630.00
           
Shareholders Funds 18,981.00 18,313.00 17,173.00 17,899.00 19,575.00
           
Minority Interests/Other Equity 64.00 62.00 32.00 16.00 55.00
Total Equity 19,045.00 18,375.00 17,205.00 17,915.00 19,630.00
Cash Flow 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Net Cash Flow From Operating Activities (4,784.00) (5,966.00) 1,555.00 2,470.00 4,962.00
Net Cash Flow from Investing Activities 6,582.00 7,291.00 (1,211.00) (21.00) (3,407.00)
Net Cash Flow from Financing Activities 187.00 (1,028.00) (579.00) (2,649.00) (3,577.00)
Net Increase/Decrease In Cash 1,985.00 297.00 (235.00) (200.00) (2,022.00)
Ratios - based on IFRS 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
PE Ratio - Adjusted 12.8 14.3 20.9 12.3 15.1
PEG - Adjusted 0.9 0.5 n/a n/a 0.2
Earnings per Share Growth - Adjusted 15% 28% -27% -13% 70%
Dividend Cover 2.40 2.19 1.82 2.67 3.58
Revenue per Share 11,487.61¢ 10,860.39¢ 11,131.41¢ 12,087.69¢ 14,497.83¢
Pre-Tax Profit per Share 367.80¢ 287.27¢ 325.31¢ 407.79¢ 558.84¢
Operating Margin 2.71% 2.26% 2.78% 3.15% 3.70%
Return on Capital Employed 8.81% 7.33% 8.92% 11.36% 14.29%
           
Dividend Yield 3.3% 3.2% 2.6% 3.1% 1.8%
Dividend per Share Growth 4.69% 6.67% 7.14% 16.67% 26.32%
Operating Cash Flow per Share (854.15¢) (1,065.18¢) 277.63¢ 441.00¢ 885.93¢
Cash Incr/Decr per Share 354.41¢ 53.03¢ (41.96¢) (35.71¢) (361.01¢)
Net Asset Value per Share (exc. Intangibles) 2,678.85¢ 2,581.19¢ 2,410.68¢ 2,540.12¢ 2,899.17¢
Net Gearing 33.67% 36.53% 36.76% 27.75% 23.30%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

Note 2: Forecast figures based on normalised accounts.