Reading the tape
NASDAQ: ANDE
The Andersons, Inc.
Consumer Defensive · Food Distribution
Market Cap
$2.70B
52w High
$79.78
52w Low
$31.03
P/E
28.22
Volume
330.10K
Outstanding Shares
34.05M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 114.76%Revenue (TTM): -2.21%FCF (TTM): -130.78%P/E: 81st pct
What changed
The stock rose 114.76% over the last year. Revenue declined 2.21% over the trailing twelve months. Operating margin moved from 1.83% to 0.85%. Free cash flow declined 130.78% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 81st percentile of its historical P/E range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 0.85%) would need to stabilize or improve to justify the move. Revenue is declining 2.21% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
The Andersons, Inc., an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally.
CEOWilliam E. Krueger
SectorConsumer Defensive
IndustryFood Distribution
Employees2,224
IPO dateFeb 20, 1996
Valuation
Forward P/E—
EV/EBITDA8.91
Enterprise value$2.75B
Stock splits
Feb 19, 2014↑ Forward
Every 2 shares became 3
Jun 29, 2006↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-18.79%
Gross margin6.33%▲3.63%vs FY2024
Operating margin0.85%▼48.80%vs FY2024
ROE7.69%▼7.86%vs FY2024
Analyst consensus
RatingBuy
Target price$75.00▼5.57%
11
Buy
9
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $0.70 · Revenue est $2.71B
View
Dividends
$0.79/shareQuarterlyDividend Aristocrat · 28yrAt RiskANDE pays a dividend with a 0.99% dividend yield, 28 consecutive years of growth, growing at 2.16% annually, covered -2.1× by free cash flow.
Dividend Yield
0.99%
Annual Div / Share
$0.79
5yr CAGR
+2.16%
Doubles every ~32.5yr
Payout Ratio
28.05%
At Risk
Dividend Growth Rate
3yr CAGR
+1.75%
5yr CAGR
+2.16%
10yr CAGR
+2.29%
Dividend Safety
5/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.79+2.6%
2025$0.77+2.7%
2023$0.75+2.7%
2022$0.73+2.8%
2021$0.71+1.4%
2020$0.70+1.4%
2019$0.69+3.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$10/yr
$1/mo
In 5 yrs
$11/yr+11%
$1/mo
In 10 yrs
$12/yr+24%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$10/yr $1/mo | $11/yr+11% $1/mo | $12/yr+24% $1/mo |
Yield-on-cost grows from 0.99% → 1.23% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
ANDE has raised its dividend for 28 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -2.09× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.