AMERICAN VANGUARD CORP AVD
American Vanguard Corporation ("AVD") was incorporated under the laws of the State of Delaware in January 1969 and operates as a holding company. The Company conducts its business through its principal operating subsidiaries, including AMVAC Chemical Corporation ("AMVAC") for its domestic business and AMVAC Netherlands BV ("AMVAC BV") for its international business.
The operating subsidiaries in the U.S. include: AMVAC, GemChem, Inc. ("GemChem"), TyraTech Inc. ("TyraTech") and OHP Inc. ("OHP").
Internationally, the Company operates its business through the following subsidiaries: AMVAC BV, AMVAC Hong Kong Limited ("AMVAC Hong Kong"), AMVAC Mexico Sociedad de Responsabilidad Limitada ("AMVAC M"), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada ("AMVAC CR Srl"), Grupo AgriCenter (including the parent AgriCenter S.A. and its subsidiaries) ("AgriCenter"), AMVAC do Brasil Representácoes Ltda ("AMVAC do Brasil"), AMVAC do Brazil 3p LTDA ("AMVAC 3p"), American Vanguard Australia PTY Ltd ("AVD Australia"), AgNova Technologies PTY Ltd ("AgNova"), and the Agrinos group entities ("Agrinos").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $515.1M | $547.3M | $579.4M | $609.6M | $557.7M | $458.7M | $468.2M | $454.3M | $355.0M | $312.1M |
| Cost of revenue | $367.6M | $427.0M | $400.2M | $417.2M | $387.0M | $286.1M | $290.8M | $271.6M | $207.7M | $183.8M |
| Gross profit | $147.6M | $120.3M | $179.2M | $192.4M | $170.7M | $172.6M | $177.4M | $182.6M | $147.4M | $128.3M |
| R&D | $23.2M | $32.7M | $38.0M | $31.8M | $28.9M | $26.3M | $24.1M | $26.4M | $26.1M | $21.3M |
| SG&A | $110.6M | $119.6M | $116.9M | $119.9M | $111.1M | $36.1M | $46.6M | $43.0M | $37.7M | $32.1M |
| Total operating expenses | $8.9M | $10.9M | $12.3M | $10.8M | $183.3M | $154.3M | $151.1M | $143.6M | $120.6M | $107.7M |
| Operating income | -$28.3M | -$101.6M | $23.3M | $40.7M | $30.9M | $22.9M | $26.2M | $39.0M | $26.8M | $20.5M |
| Interest expense | $18.5M | $16.5M | $12.6M | $4.0M | $3.7M | $5.2M | $7.2M | $4.0M | $1.9M | $1.6M |
| Pre-tax income | -$47.2M | -$120.5M | $10.3M | $36.0M | $27.1M | $18.4M | $19.0M | $33.6M | $24.9M | $18.9M |
| Income tax | $2.7M | $5.9M | $2.8M | $8.6M | $8.2M | $3.1M | $5.2M | $9.1M | $4.4M | $5.5M |
| Net income | -$49.9M | -$124.9M | $7.5M | $27.4M | $18.6M | $15.2M | $13.6M | $24.2M | $20.3M | $12.8M |
| EPS, basic | -1.75 | -4.50 | 0.27 | 0.94 | 0.62 | 0.52 | 0.47 | 0.83 | 0.70 | 0.44 |
| EPS, diluted | -1.75 | -4.50 | 0.26 | 0.92 | 0.61 | 0.51 | 0.46 | 0.81 | 0.68 | 0.44 |
| Shares, diluted (wtd. avg.) | $28.4M | $28.1M | $28.5M | $29.9M | $30.4M | $30.0M | $29.7M | $30.0M | $29.7M | $29.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | $20.3M | $16.3M | $15.9M | $6.6M | $6.2M | $11.3M | $7.9M |
| Receivables | $160.5M | $169.7M | $182.6M | $156.5M | $149.3M | $130.0M | $136.1M | $123.3M | $102.5M | $83.8M |
| Inventory | $176.0M | $179.3M | $219.6M | $184.2M | $154.3M | $163.8M | $163.3M | $159.9M | $123.1M | $120.6M |
| Total current assets | $370.5M | $378.9M | $432.0M | $388.6M | $342.0M | $330.2M | $336.2M | $310.2M | $254.9M | $227.1M |
| Property, plant and equipment | $53.0M | $58.2M | $74.6M | $70.9M | $66.1M | $65.4M | $56.5M | $49.3M | $49.3M | $50.3M |
| Goodwill | $0 | $19.7M | $51.2M | $47.0M | $46.3M | $52.1M | $46.7M | $25.9M | $22.3M | — |
| Other intangibles | $138.7M | $150.5M | $172.5M | $184.7M | $197.8M | $197.5M | $198.3M | $186.5M | $180.8M | $121.4M |
| Total assets | $596.5M | $636.7M | $767.5M | $726.3M | $694.2M | $680.3M | $670.1M | $593.6M | $535.6M | $430.0M |
| Accounts payable | $87.5M | $69.2M | $68.8M | $69.0M | $67.1M | $59.3M | $64.9M | $66.5M | $53.7M | $24.4M |
| Short-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total current liabilities | $209.4M | $232.3M | $230.5M | $266.6M | $223.1M | $171.3M | $138.6M | $145.5M | $126.2M | $97.1M |
| Long-term debt | $174.0M | $147.3M | $138.9M | $51.5M | $52.2M | $107.4M | $148.8M | $96.7M | $77.5M | $41.0M |
| Total liabilities | $404.1M | $403.6M | $397.5M | $356.3M | $321.4M | $319.6M | $325.9M | $264.4M | $230.3M | $147.6M |
| Retained earnings | $155.0M | $204.9M | $332.9M | $328.7M | $304.4M | $288.2M | $274.1M | $262.8M | $239.0M | $220.4M |
| Total equity | $192.4M | $233.1M | $370.0M | $370.0M | $372.7M | $360.7M | $344.2M | $329.2M | $305.3M | $282.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$21.2M | $3.9M | -$58.7M | $57.1M | $86.4M | $90.3M | $9.6M | $11.7M | $59.0M | $46.4M |
| Depreciation and amortisation | $5.3M | $5.2M | $6.6M | $8.9M | $9.2M | $7.5M | $6.5M | $8.1M | $8.2M | $8.3M |
| Stock-based compensation | $2.0M | $4.4M | $6.1M | $5.7M | $6.9M | $6.6M | $7.2M | $5.8M | $4.7M | $3.2M |
| Capital expenditure | $3.9M | $7.3M | $11.9M | $13.3M | $9.5M | $11.2M | $13.0M | $8.1M | $6.7M | $10.6M |
| Investing cash flow | -$3.6M | -$6.6M | -$17.0M | -$14.5M | -$20.0M | -$35.8M | -$54.8M | -$28.0M | -$89.5M | -$14.1M |
| Financing cash flow | $23.7M | $4.5M | $66.7M | -$38.3M | -$65.9M | -$44.4M | $46.4M | $11.1M | $33.9M | -$28.5M |
| Dividends paid | $0 | $2.5M | $3.4M | $2.8M | $2.4M | $1.2M | $2.3M | $2.2M | $1.6M | $578.0K |
| Buybacks | $0 | $0 | $15.5M | $34.0M | $4.6M | $0 | $2.6M | $7.3M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-173620.
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