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Archer Daniels Midland (ADM)

ADM unlocks the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, ADM gives customers an edge in solving the nutritional challenges of today and tomorrow. ADM is a global leader in human and animal nutrition and the world's premier agricultural origination and processing company. Its breadth, depth, insights, facilities and logistical expertise give ADM unparalleled capabilities to meet needs for food, beverages, health and wellness, and more.

Company profile

Ticker
ADM
Exchange
Website
CEO
Juan Luciano
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ARCHER DANIELS MIDLAND CO
SEC CIK
Subsidiaries
ACT Exportação Ltda. • ADM (Dalian) Animal Health & Nutrition Co. Ltd. • ADM (Shanghai) Management Co., Ltd. • ADM (Thailand) Ltd. • ADM Ag Holding Limited • ADM Agricultural Commodities Trading (Tianjin) Co., Ltd. • ADM Agriculture Limited • ADM Agri-Industries Company • ADM Agro Industries • ADM AGRO S.R.L. ...
IRS number
410129150

ADM stock data

Analyst ratings and price targets

Last 3 months

Calendar

26 Apr 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.22B 9.22B 9.22B 9.22B 9.22B 9.22B
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 402M (no burn)
Cash used (since last report) n/a n/a n/a n/a 1.15B n/a
Cash remaining n/a n/a n/a n/a 8.07B n/a
Runway (months of cash) n/a n/a n/a n/a 20.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 22 Kelvin R Westbrook Stock Units Common Stock Grant Acquire A No No 0 204.662 0 45,541.873
8 Jun 22 Lei Zhang Schlitz Stock Units Common Stock Grant Acquire A No No 0 50.726 0 11,287.618
8 Jun 22 Debra A. Sandler Stock Units Common Stock Grant Acquire A No No 0 107.225 0 23,860.173
8 Jun 22 Francisco J Sanchez Stock Units Common Stock Grant Acquire A No No 0 99.671 0 22,179.096
8 Jun 22 Patrick J Moore Stock Units Common Stock Grant Acquire A No No 0 344.324 0 76,621.068
78.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1040 977 +6.4%
Opened positions 180 188 -4.3%
Closed positions 117 64 +82.8%
Increased positions 386 362 +6.6%
Reduced positions 325 253 +28.5%
13F shares Current Prev Q Change
Total value 39.68B 29.68B +33.7%
Total shares 442.65M 439.6M +0.7%
Total puts 2.49M 1.79M +39.4%
Total calls 4.35M 1.8M +142.0%
Total put/call ratio 0.6 1.0 -42.4%
Largest owners Shares Value Change
Vanguard 61.19M $5.52B +3.2%
State Farm Mutual Automobile Insurance 46.8M $4.22B 0.0%
Capital World Investors 43.38M $3.92B +7.5%
BLK Blackrock 41.83M $3.78B +6.8%
STT State Street 31.61M $2.85B +2.5%
NTRS Northern Trust 13.6M $1.23B -2.6%
Geode Capital Management 11M $990.9M +1.8%
Wellington Management 10.02M $904.1M -38.9%
Capital International Investors 9.39M $847.51M NEW
MCQEF Macquarie 6.72M $606.71M -23.2%
Largest transactions Shares Bought/sold Change
Capital International Investors 9.39M +9.39M NEW
Wellington Management 10.02M -6.37M -38.9%
Norges Bank 0 -5.95M EXIT
Victory Capital Management 3.88M -3.22M -45.3%
CFS Investment Advisory Services 3.1M +3.07M +8828.5%
Capital World Investors 43.38M +3.02M +7.5%
BLK Blackrock 41.83M +2.67M +6.8%
Nordea Investment Management Ab 30.14K -2.65M -98.9%
FMR 3.23M +2.13M +192.5%
MCQEF Macquarie 6.72M -2.03M -23.2%

Financial report summary

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Risks
  • Human capital requirements may not be sufficient to effectively support global operations.
  • The Company’s information technology (IT) systems, processes, and sites may suffer cyber security breaches, interruptions, or failures which may affect the Company’s ability to conduct its business.
  • The Company may be impacted by carbon emission regulations in multiple regions throughout the globe.
  • The Company is exposed to potential business disruption including, but not limited to, disruption of transportation services, disruption in the supply of non-commodity raw materials used in its processing operations, and other impacts resulting from acts of terrorism or war, natural disasters, pandemics, severe weather conditions, accidents, or other planned disruptions, which could adversely affect the Company’s operating results.
  • The Company’s risk management strategies may not be effective.
  • The Company is subject to numerous laws, regulations, and mandates globally which could adversely affect the Company’s operating results and forward strategy.
  • Government policies, mandates, and regulations specifically affecting the agricultural sector and related industries; regulatory policies or matters that affect a variety of businesses; taxation polices; and political instability could adversely affect the Company’s operating results.
  • The availability and prices of the agricultural commodities and agricultural commodity products the Company procures, transports, stores, processes, and merchandises can be affected by climate change, weather conditions, disease, government programs, competition, and various other factors beyond the Company’s control and could adversely affect the Company’s operating results.
  • Fluctuations in energy prices could adversely affect the Company’s operating results.
  • The Company may fail to realize the benefits of or experience delays in the execution of its growth strategy, which encompasses organic and inorganic initiatives, including those outside the U.S. and in businesses where the Company does not currently have a large presence.
  • The Company is subject to industry-specific risks which could adversely affect the Company’s operating results.
  • The Company has limited control over and may not realize the expected benefits of its equity investments and joint ventures and may not be able to monetize the investments at an attractive value when the Company decides to exit the investments.
Management Discussion
  • Net earnings attributable to controlling interests increased 53% or $0.9 billion, to $2.7 billion. Segment operating profit increased 34% or $1.2 billion, to $4.6 billion, and included a net charge of $136 million consisting of asset impairment, restructuring, and settlement charges of $213 million, partially offset by gains on the sale of certain assets of $77 million. Included in segment operating profit in the prior year was net income of $7 million consisting of gains on the sale of a portion of the Company’s shares in Wilmar and certain other assets, partially offset by asset impairment, restructuring, and settlement charges. Adjusted segment operating profit increased $1.3 billion to $4.8 billion due primarily to higher results in most businesses except in Ag Services and Other Business. Corporate results in the current year were a net charge of $1.3 billion and included a pension settlement charge of $83 million, loss on debt extinguishment of $36 million, a mark-to-market gain of $19 million on the conversion option of the exchangeable bonds issued in August 2020, acquisition-related expenses of $7 million, and a restructuring charge of $4 million. Corporate results in the prior year were a net charge of $1.6 billion and included early debt retirement charges of $409 million, a mark-to-market loss of $17 million on the conversion option of the exchangeable bonds issued in August 2020, impairment and restructuring charges of $16 million, acquisition-related expenses of $4 million, gains on the sale of certain assets of $7 million, and a credit of $91 million from the elimination of the last-in, first-out (LIFO) reserve in connection with the accounting change effective January 1, 2020.

Content analysis

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