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Archer Daniels Midland

ADM stock analysis · Consumer Staples · Agricultural Products & Services

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$76.40HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$36.8B

Price × SEC outstanding shares. Shares measured 2026-04-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$132.49

Equity cash-flow scenario · SEC outstanding shares at 2026-04-30 · 73.4% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-7.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-30.7%

26 sector peers · median 23.7×

How this is calculated ↗
Valuation

Historical multiples

18.8×

7 annual observations · snapshot P/E 34.2× · 81.4% versus history

How this is calculated ↗
Valuation

Free cash flow yield

11.4%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

— Requires two adjacent years of positive average capital, equity, cash, debt and operating income.

Requires two adjacent years of positive average capital, equity, cash, debt and operating income.

How this is calculated ↗
Valuation

Value composite

68/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

-1.7%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-8.3%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

— Requires two adjacent years of revenue, operating income and cash flow.

Requires two adjacent years of revenue, operating income and cash flow.

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 6.6B2020-12-31: cfo -$2,386,000,000.00 (negative; lower scale compressed)2020-12-31: capex $823,000,000.0020202021-12-31: cfo $6,595,000,000.002021-12-31: capex $1,169,000,000.0020212022-12-31: cfo $3,478,000,000.002022-12-31: capex $1,319,000,000.0020222023-12-31: cfo $4,460,000,000.002023-12-31: capex $1,494,000,000.0020232024-12-31: cfo $2,790,000,000.002024-12-31: capex $1,563,000,000.0020242025-12-31: cfo $5,452,000,000.002025-12-31: capex $1,248,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$166.18$181.31$197.59
10.0%$121.77$132.49$143.99
12.0%$96.07$104.24$113.01

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3125B1.1B5.5B1.2B52.4B
2024-12-3124.4B1.8B2.8B1.6B53.3B
2023-12-3125.7B3.5B4.5B1.5B54.6B
2022-12-3127.6B4.4B3.5B1.3B59.8B
2021-12-3185.2B2.7B6.6B1.2B56.1B
2020-12-3164.4B1.8B-2.4B823M49.7B
2019-12-3164.7B1.4B-5.5B828M44B
2018-12-3164.3B1.8B-4.8B842M40.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue25BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-17
netIncome1.1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.		2026-02-17
Parent/common earnings proxy1.1BNetIncomeLoss2026-02-17
cfo5.5BNetCashProvidedByUsedInOperatingActivities2026-02-17
capex1.2BPaymentsToAcquirePropertyPlantAndEquipment2026-02-17
operatingIncome—Not reported under a supported tag—
assets52.4BAssets2026-02-17
equity22.7BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.		2026-02-17
Parent book equity proxy22.7BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest − MinorityInterest
Parent stockholders' equity derived by removing explicitly reported noncontrolling interests; preferred equity may remain included.		2026-02-17
debt7.6BLongTermDebt2026-02-17
shortDebt798MShortTermBorrowings2026-02-17
cash1BCashAndCashEquivalentsAtCarryingValue2026-02-17
shares484MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-17
dividends987MPaymentsOfDividends2026-02-17
buybacks0PaymentsForRepurchaseOfCommonStock2026-02-17
issuance—Not reported under a supported tag—