# Archer Daniels Midland Company (ADM) — Stock CV

Archer Daniels Midland Company is a $38.6B consumer staples company. Revenue shrank 0.8% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~3.8 years of free cash flow. It trades at 21.8× earnings — in the most expensive third of its own history.

> Archer-Daniels-Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe.

## Identity

- **Ticker**: ADM
- **Sector**: Consumer Defensive
- **Industry**: Fats & Oils
- **Headquarters**: CHICAGO, IL
- **Employees**: 41 496
- **Website**: https://www.adm.com
- **Market cap**: $38.6B
- **Last price**: $80.06
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $82.1B
- **Net income**: $1.77B
- **Free cash flow**: $1.68B
- **Net debt**: $6.38B
- **P/E**: 21.8
- **Revenue growth (YoY)**: -0.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 54 |
| Growth | 25 |
| Profitability | 21 |
| Health | 67 |
| Quality | 87 |
| Moat | 22 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -0.8% YoY
- [x] Profitable — $1.77B TTM
- [ ] Profit growing — -33.9% YoY
- [x] Generates cash — $1.68B TTM
- [x] Debt under control — ~3.8y of cash flow to repay
- [x] Established company — $38.6B market cap
- [x] Not printing shares — -14.0% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 2.4 — grey
- [x] Pays a dividend — yield 2.60%
- [x] Valuation not extreme — P/E 21.8

## Experience (career milestones)

- **FY2022** — Revenue crossed $100B: $102B for the year
- **FY2022** — Best year on record: $4.34B net income
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2017** — At that point, Bunge had a market value of about $9.8 billion
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $50B: $62.3B in first reported year
- **2012** — The company sought to acquire strategic holdings to support serving Asian markets through the acquisition…
- **1982** — ADM established international grain operations when it purchased a portion of Toepfer International, a…
- **1974** — ADM made its first expansion into Europe and South America when the company acquired soybean plants in…
- **1966** — Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM
- **1930** — ADM purchased control of the flour milling company Commander-Larabee Corp
- **1924** — ADM was listed on the New York Stock Exchange
- **1923** — Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the…
- **1905** — Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed…
- **1902** — The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and…

## Strengths

- Interest covered 22.4× by operating earnings

## Watch-outs

- Revenue shrinking 0.8% year over year

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $85.2B | $2.71B | $5.43B |
| FY2022 | $102B | $4.34B | $2.16B |
| FY2023 | $93.9B | $3.48B | $2.97B |
| FY2024 | $85.5B | $1.80B | $1.23B |
| FY2025 | $80.3B | $1.08B | $4.20B |

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Source: https://stockcv.com/ADM — derived from company filings; may be delayed or incomplete. Information, not investment advice.