AFRI - Forafric Global PLC Stock Analysis | Stock Taper
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Forafric Global PLC

AFRI

Forafric Global PLC NASDAQ
$9.95 0.30% (+0.03)

Market Cap $267.48 M
52w High $11.42
52w Low $7.47
P/E -22.11
Volume 4.85K
Outstanding Shares 26.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $82.62M $11.16M $-6.38M -7.72% $-0.24 $1.8M
Q1-2024 $82.62M $11.16M $-6.38M -7.72% $-0.24 $1.8M
Q4-2023 $79.93M $5.05M $-2.03M -2.54% $-0.08 $2.73M
Q3-2023 $79.93M $7.07M $-2.03M -2.54% $-0.08 $2.73M
Q2-2023 $72.81M $7.51M $-4.31M -5.92% $-0.16 $350K

What's going well?

Revenue is steady, and there are no new negative surprises. The company is not losing more money than before, and costs are under control.

What's concerning?

The company is still losing money every quarter, with no sign of improvement or growth. Margins are low, and interest expense continues to weigh on results.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $12.23M $246.08M $240.76M $-1.67M
Q3-2024 $12.23M $246.08M $240.76M $-1.67M
Q2-2024 $16.37M $287.12M $270.81M $9.38M
Q1-2024 $16.37M $287.12M $270.81M $9.38M
Q4-2023 $24.02M $309.45M $280.24M $22.8M

What's financially strong about this company?

The company has significant investments in property and equipment, and some customers are prepaying for services. Asset base is mostly tangible.

What are the financial risks or weaknesses?

Cash is dangerously low, debt is very high and mostly due soon, and equity is negative. The company is relying on stretching payments and may need new funding to survive.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2024 $-6.38M $6.7M $-332K $-10.05M $0 $6.41M
Q1-2024 $-6.38M $6.7M $-332K $-10.05M $0 $6.41M
Q4-2023 $-2.03M $11.29M $-2.83M $-8.63M $-567K $8.59M
Q3-2023 $-2.03M $11.29M $-2.83M $-8.63M $-567K $8.59M
Q2-2023 $-4.31M $5.37M $-2.09M $-1.97M $164K $3.31M

What's strong about this company's cash flow?

The business generates $6.7 million in cash from operations and $6.4 million in free cash flow each quarter, despite reporting accounting losses. Cash flow is steady and not reliant on outside funding.

What are the cash flow concerns?

There is no cash on the balance sheet, which is risky if anything unexpected happens. No cash is being returned to shareholders, and the positive working capital impact may not last.

5-Year Trend Analysis

A comprehensive look at Forafric Global PLC's financial evolution and strategic trajectory over the past five years.

+ Strengths

AFRI’s key strengths are its established position in regional grain processing, its integrated value chain from trading and storage to branded products, and its substantial physical and logistical infrastructure. Modernization efforts, long‑standing customer and supplier relationships, and a broadened product portfolio provide a solid industrial base from which to pursue growth and diversification.

! Risks

The main risks center on weak profitability, heavy leverage, negative equity, and strained liquidity, all of which limit financial resilience. Thin margins, high overheads, and sizable interest costs create ongoing pressure on earnings and cash flows, while expansion into new sectors such as defense and energy introduces execution and strategic risk in areas where the company has limited track record.

Outlook

The outlook depends on AFRI’s ability to stabilize its finances while extracting more value from its integrated agribusiness platform and carefully pacing its diversification. Strengthening margins, tightening costs, and improving the balance sheet would be crucial for turning its infrastructure and strategic ambitions into sustainable value; until then, the story remains one of operational potential weighed down by financial fragility and execution uncertainty.