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Intrinsic value of Agree Realty Corporation (ADC)

Previous Close$76.80
Intrinsic Value
Upside potential
Previous Close
$76.80
* Our model cannot be used “out of the box” for the valuation of this stock. You can still do your own valuation by changing the valuation input parameters.
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh29.84 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of September 30, 2020, the Company owned and operated a portfolio of 1,027 properties, located in 45 states and containing approximately 21.0 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %36.5NaN
Revenue, $339NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m149NaN
Operating income, $m190NaN
EBITDA, $m313NaN
Interest expense (income), $mNaN
Earnings before tax, $m1003NaN
Tax expense, $m883NaN
Net income, $m120NaN

BALANCE SHEET

Cash and short-term investments, $m45NaN
Total assets, $m5227NaN
Adjusted assets (=assets-cash), $m5182NaN
Average production assets, $m4409NaN
Working capital, $m10NaN
Total debt, $m1746NaN
Total liabilities, $m1809NaN
Total equity, $m3418NaN
Debt-to-equity ratio0.511NaN
Adjusted equity ratio0.651NaN

CASH FLOW

Net income, $m120NaN
Depreciation, amort., depletion, $m122NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m255NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-1386NaN
Free cash flow, $m1641NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m10
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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