CRESUD INC

CRESY
About the company

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.

Country: ArgentinaPrice: $9.74Market Cap: $690.8M

Investment snapshot

18%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

1 / 13

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

6 of 10 pass — Buffett, Dreman, Ackman +1 more object

Key risk

14 of 16 flag CRESY's profitability — Graham, Buffett, Lynch +11 more

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILBUY · Rank #261 (Top 8.4%)PASSFAILFAILFAILFAILFAILFAILPASSFAILFAILFAILFAILNEUTRAL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-10-24

Score computed: 2026-11-14

Where It Passes

  • Cash Flow60% pass✓ 7✗ 5▾

    6 of 10 pass — Buffett, Dreman, Ackman +1 more object

    Free Cash Flow Proxy$82.6M
    ✗BuffettPositive and growing
    FCF Positive and Growing$88.9M
    ✓LynchPositive and growing
    Operating Cash Flow$127.5M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=2.97%, ROA=1.89%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=12.9%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive4/4 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap
    ✗Ackman>= 4%
    Price / FCF per Share
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency10/10 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$88.9M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+12.87%; #503/4519 (top 11.1%)
    ✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Profitability13% pass✓ 8✗ 27▾

    14 of 16 flag CRESY's profitability — Graham, Buffett, Lynch +11 more

    Positive EPS (10 years)3/11 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)7/11 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)1.8%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)5.6% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$82.6M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)11.34
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE4.3%
    ✗Lynch> 15%
    EBIT / Enterprise Value19.7%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=19.7%, ROC=30.3%
    ✓GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets1.89%
    ✓PiotroskiROA > 0
    ROA Change YoY2.63% -> 1.89% (delta: -0.74%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=2.97%, ROA=1.89%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY42.4% -> 40.3%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue32.3%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity4.3%
    ✗Dreman> 12%
    Margin of Safety
    ✗PabraiP/B < 1.5 or P/E < 15
    Return on Equity6.4% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency7/10 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue
    ✗Ackman>= 15%
    Net Income / Shareholders Equity4.3%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trend
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+11.72%; #517/6340 (top 8.2%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+7.23%; #2980/3702 (top 80.5%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity+4.34%; #2531/5226 (top 48.4%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.1325; #3816/5884 (top 64.9%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years3/5 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Growth13% pass✓ 1✗ 12▾

    7 of 8 flag CRESY's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -16.0% vs Rev: -26.9%
    ✗LynchInventory growth < Revenue growth
    EPS Growth Direction$0.69 (2015) -> $-0.11 (2019)
    ✗DremanPositive over recent years
    EPS CAGR-26.5% CAGR over 2 years
    ✗Dreman> 5% annualized
    Positive Net Income Frequency7/10 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-37.3%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trend
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-8.0%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Efficiency13% pass✓ 2✗ 9▾

    7 of 8 flag CRESY's efficiency — Graham, Buffett, Piotroski +4 more

    Current Ratio1.24
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)1.7%
    ✗Buffett> 10%
    ROIC - WACC-8.3%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)30.3%
    ✓Greenblatt> 25%
    Current Ratio Change YoY1.07 -> 1.24
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.20x -> 0.18x
    ✗PiotroskiImproved YoY
    Current Assets / Current Liabilities1.24
    ✗Dreman> 1.5
    Return on Invested Capital
    ✗Munger> 15%
    ROIC (high and growing)FY2022: ROIC=unavailable; FY2023: ROIC=unavailable; FY2024: ROIC=unavailable
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/2 years above 12% (latest 1.3%)
    ✗SleepROIC > 12% in a majority of years
  • Verdicts19% pass✓ 3✗ 13▾

    Split decision: 13 FAIL · 2 PASS · 1 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (1/9)✗BuffettFAIL (0/9)✗LynchFAIL (1/7)✓GreenblattRank #261✓PiotroskiPASS (F-Score 4)✗DremanFAIL (3/11)✗MungerFAIL (1/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (3/5)✗AckmanFAIL (2/9)✓TempletonPASS (4/8)✗SleepFAIL (1/6)✗AsnessFAIL (Rank #1314/2370 (Top 55.4%))✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Valuation23% pass✓ 7✗ 21▾

    10 of 13 flag CRESY's valuation — Graham, Lynch, Dreman +7 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value19.7%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=19.7%, ROC=30.3%
    ✓GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)
    ✗Dreman< 8x
    Price / Book Value per Share
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation Reasonableness
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=12.9%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical Average
    ✗MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share
    ✗Ackman<= 25
    Price vs. Trailing Low109% of trailing low ($8.98)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+11.72%; #517/6340 (top 8.2%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+2.6992; #507/6449 (top 7.9%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+1.1146; #1651/5247 (top 31.5%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+12.87%; #503/4519 (top 11.1%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-18.90%; #3914/6202 (top 63.1%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Debt & Leverage25% pass✓ 5✗ 10▾

    9 of 12 flag CRESY's debt & leverage — Graham, Buffett, Lynch +6 more

    LT Debt vs Net Current AssetsLT Debt $680.0M vs NCA $206.3M
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.61, IC: 4.6x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.61
    ✗Lynch< 0.33
    Cash - Long-term Debt$-468.7M
    ✗LynchPositive preferred
    LT Debt / Total Assets Change13.69% -> 15.87%
    ✗PiotroskiDecreased YoY
    Current Assets / Current Liabilities1.24
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.61
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.61
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=4.6x, D/EBITDA=3.2x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.61
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.6067; #2676/4210 (top 63.6%)
    ✗AsnessTop 30% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Real Estate
Size: Small Cap($690.8M)
Revenue: $770.0M-26.9% YoY
Net Income: $81.0M-42.0% YoY

Financial Snapshot

Operating Margin--
Return on Equity4.3%
Debt / Equity0.61
Current Ratio1.24

Similar Companies

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$16.8B
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GTYGETTY REALTY CORP /MD/
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Shareholder Return

Fiscal 2024

Share retirement not available for this company.

Buybacks
—
Dividends
$73.6M

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2024
Sources
  • 20-F · 2025-10-24
FY 2023
Sources
  • 20-F · 2024-10-23
FY 2022
Sources
  • 20-F · 2023-10-20
FY 2021
Sources
  • 20-F · 2022-10-28
FY 2020
Sources
  • 20-F · 2021-11-01
Market Cap$690.8Mcurrent----$3.4Mest.--
Revenue$770.0M↓27%$1.1B↓73%$3.8B↓37%$6.1B↑292%$1.6B
Operating Income------$345.7M↑103%$170.2M
Net Income$81.0M↓42%$139.6M↓84%$893.0M↓62%$2.4B↑362%-$906.0M
EPS (Diluted)----------
Gross Margin40.3%↓5%42.4%↑13%37.4%↓16%44.3%↓16%52.9%
Operating Margin———5.6%↓48%10.9%
ROE4.3%↓26%5.8%↓36%9.1%↓29%12.9%↑156%-23.1%
Total Debt$1.1B↓10%$1.3B↓67%$3.8B↑56%$2.4B↑20%$2.0B
Shareholders' Equity$1.9B↓22%$2.4B↓76%$9.8B↓47%$18.5B↑372%$3.9B
Current Ratio1.24↑16%1.07↓3%1.10↑44%0.77↓23%0.99
Debt / Equity0.61↑15%0.53↑35%0.39↑195%0.13↓75%0.52
Operating Cash Flow$127.5M↑1%$126.7M↓83%$734.0M↓47%$1.4B↑325%$328.6M
Free Cash Flow$88.9M↑1214%$6.8M↓98%$366.0M↓68%$1.1B--

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Real Estate

CRESY vs Peers — Financial Grading

Revenue$770.0MMedian
Net Income$81.0MMedian
ROE4.3%Bottom 25%
D/E0.61Median
Op. Margin—
Curr. Ratio1.24Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
JONES LANG LASALLE INCJLL$16.8B$366.83$26.1B$792.1M10.6%0.124.2%1.112/92/93/71/3F-Score 83/11
FirstService CorpFSV$6.5B$154.42$5.5B$190.7M13.9%0.796.1%1.702/94/93/71/3F-Score 66/11
ST JOE CoJOE$4.0B$70.36$513.2M$115.6M15.1%0.5128.5%—1/92/94/70/3F-Score 84/11
GETTY REALTY CORP /MD/GTY$1.9B$28.66$221.7M$79.2M7.4%0.9357.2%—2/93/91/70/3F-Score 52/11
Ellington Financial Inc.EFC$1.5B$11.11—$118.7M6.5%———4/90/93/71/3F-Score 24/11
Piedmont Realty Trust, Inc.PDM$1.2B$10.00$565.0M$83.6M-5.6%1.4914.1%—2/92/91/70/3F-Score 32/11
IRSA INVESTMENTS & REPRESENTATIONS INCIRS$1.1B$12.54$394.6M$164.4M12.4%0.4136.8%1.661/90/91/71/3F-Score 55/11
BOSTON OMAHA CorpBOC$391.0M$13.71$114.4M$12.4M-2.4%0.09-3.4%1.984/91/92/70/3F-Score 43/11