SwingTrade Member Forum

[tmalmberg]

SIAF - Sino Agro Food

The company is relatively new to the exchanges.

This is a very interesting company, their P/E is 0.44, the Return On Assets is 7.25% on average, debt to asset ratio is 0.09, EV/EBIT of 1.53 and the price to book is 0.03. The low debt is partially due to the payment in equity.

I’ve never seen a profitable and growing company with this low P/E and Price to book.

Their main business is fish, prawn, agriculture and cattle farms, they have grown and expanded their operations very fast. During all this growth they always kept their debt/asset ratio in the 0.1 range.

This will most likely be a billion dollar company within 1-2 years and it’s current price is set at $22 millions, it’s a real opportunity, the only risk would be a relisting to a bigger exchange.

The reason of the low price is that the market price never recovered from the agriculture crash in mid-2015. You can see the AQGR (Global Agriculture Index) correlation to the stock price here.

The SEC filings can be found here:
https://www.sec.gov/cgi-bin/browse-edgar?company=sino+agro+food&owner=exclude&action=getcompany