Adecoagro SA (AGRO) is overvalued and Dole plc (DOLE) is undervalued.
Against our estimates of intrinsic value, DOLE trades at the wider discount: a margin of safety of +48%, against -50% for AGRO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.8% values the shares at $7.30; the price of $10.93 is 50% above that value.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 6.9% (average of 2 methods) values the shares at $25.36; the price of $13.20 is 48% below that value.
Leak Score 54/100 on 3 of 12 signals
| Metric | AGRO | DOLE |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $10.93 | $13.20 |
| Intrinsic value | $7.30 | $25.36 |
| Margin of safety | -50% | +48% |
| Leak Score | 0/100 (3/12) | 54/100 (3/12) |
| Market cap | $1.6B | $1.2B |
| Revenue growth, 5 years | 12.1% | 16.1% |
| Operating margin | 1.9% | 1.9% |
| Net margin | 3.1% | 0.8% |
| Return on equity | 3.2% | 5.2% |
| Debt to equity | 1.34 | 1.09 |
| P/E | 34.2x | 17.0x |
| Forward P/E | 9.2x | 8.8x |
| P/B | 0.9x | 0.9x |
| Dividend yield | 2.0% | 2.6% |