AN
Andersons Inc
ANDE—
Andersons Inc AI Insights
Informational only. Not investment advice.Snapshot
- FCF of 233.8M TTM (2% margin) vs industry median 37M - 6x peer cash generation on thin-margin commodity business[Free Cash Flow TTM]
- Asset turnover 3.47x TTM vs industry median 2.16x - capital efficiency drives returns despite 0.8% operating margin[Asset Turnover TTM]
- EPS down 26% YoY but 5Y CAGR +13.8% - cyclical trough, not structural decline[EPS Growth 1 Year]
Watch Triggers
- Gross Margin TTM: Falls below 5% — At 6% gross margin, any compression eliminates operating income entirely
- Inventory: Rises above 1B or turnover slows — 899M inventory on thin margins - commodity price drops create impairment risk
- Interest Expense TTM: Exceeds 50M — At 45M, interest consumes 38% of pretax income - rate sensitivity is high
Bull Case
High-velocity asset model (3.47x turnover) generates 6% ROE on sub-1% margins - operational leverage amplifies any margin improvement
Asset Turnover TTMROE TTMOperating Margin TTM
P/S of 0.16x vs median 0.28x and P/B of 1.54x with tangible book = equity - no goodwill impairment risk
PS RatioPB RatioTangible Book Value
Bear Case
Operating margin 0.8% TTM leaves zero buffer - any cost spike or revenue miss swings to losses quickly
Operating Margin TTMGross Margin TTM
Working capital of 631M (54% of equity) tied up in inventory/receivables - commodity price drops create write-down risk
Working CapitalInventoryAccounts Receivable
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
45%
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Forward Thesis
FCF generation to fund debt reduction, improving equity value as leverage drops from 0.66x D/E
1-3ymed
- 233.8M FCF covers 774M total debt in 3.3 years
- Interest expense 45M constraining 73M net income
- Net debt paydown of 52M in TTM period
Net long-term debt issuance: -52.3M TTMDebt/Equity: 0.66x vs 774M total debtFCF/Debt coverage: 30% annually
Valuation Context
Caveats
Public Strategies Rankings
See how Andersons Inc ranks across different investment strategies.
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ANDE Fundamentals
Wholesale Trade → Merchant Wholesalers, Nondurable Goods
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.98B | — | ||
$2.67B | — | ||
32 | — | ||
$11.6B | +2.2% | — | |
$1.81 | -35.9% | — | |
0.82% | -1.0% | — | |
0.63% | -0.4% | — | |
$233.83M | +31.1% | — | |
0.06 | -3.5% | — | |
Beta 5Y (Monthly) | unknown | — |
ANDE Dividend History
104 dividends
2026
$0.200001/02/26$0.2000
2025
$0.780010/01/25$0.1950
07/01/25$0.1950
04/01/25$0.1950
01/02/25$0.1950
2024
$0.570010/01/24$0.1900
07/01/24$0.1900
03/28/24$0.1900
2023
$0.745012/29/23$0.1900
09/29/23$0.1850
06/30/23$0.1850
03/31/23$0.1850
2022
$0.725012/30/22$0.1850
09/30/22$0.1800
06/30/22$0.1800
03/31/22$0.1800
2021
$0.705012/31/21$0.1800
09/30/21$0.1750
07/02/21$0.1750
03/31/21$0.1750
2020
$0.700012/31/20$0.1750
09/30/20$0.1750
07/02/20$0.1750
03/31/20$0.1750
2019
$0.685012/31/19$0.1750
09/30/19$0.1700
06/28/19$0.1700
03/29/19$0.1700
2018
$0.665012/31/18$0.1700
09/28/18$0.1650
06/29/18$0.1650
03/29/18$0.1650
2017
$0.645012/29/17$0.1650
09/29/17$0.1600
06/29/17$0.1600
03/30/17$0.1600
2016
$0.625012/29/16$0.1600
09/29/16$0.1550
06/29/16$0.1550
03/30/16$0.1550
2015
$0.575012/30/15$0.1550
09/29/15$0.1400
06/29/15$0.1400
03/30/15$0.1400
2014
$0.470012/30/14$0.1400
09/29/14$0.1100
06/27/14$0.1100
03/28/14$0.1100
2013
$0.430012/30/13$0.1100
09/27/13$0.1067
06/27/13$0.1067
03/27/13$0.1067
2012
$0.406712/28/12$0.1067
09/27/12$0.1000
06/28/12$0.1000
03/29/12$0.1000
2011
$0.320012/29/11$0.1000
09/29/11$0.0733
06/29/11$0.0733
03/30/11$0.0733
2010
$0.253312/30/10$0.0733
09/29/10$0.0600
06/29/10$0.0600
03/30/10$0.0600
2009
$0.233312/30/09$0.0583
09/29/09$0.0583
06/29/09$0.0583
03/30/09$0.0583
2008
$0.221712/30/08$0.0567
09/29/08$0.0567
06/27/08$0.0567
03/28/08$0.0517
2007
$0.166712/28/07$0.0517
09/27/07$0.0517
06/28/07$0.0317
03/29/07$0.0317
2006
$0.121712/28/06$0.0317
09/28/06$0.0300
06/29/06$0.0300
03/30/06$0.0300
2005
$0.111712/29/05$0.0283
09/29/05$0.0283
06/29/05$0.0283
03/30/05$0.0267
2004
$0.103312/30/04$0.0267
09/29/04$0.0267
06/29/04$0.0250
03/30/04$0.0250
2003
$0.095012/30/03$0.0250
09/29/03$0.0233
06/27/03$0.0233
03/28/03$0.0233
2002
$0.088312/30/02$0.0233
09/27/02$0.0217
06/27/02$0.0217
03/27/02$0.0217
2001
$0.086712/28/01$0.0217
09/27/01$0.0217
06/28/01$0.0217
03/29/01$0.0217
2000
$0.081712/28/00$0.0217
09/28/00$0.0200
06/29/00$0.0200
03/30/00$0.0200
ANDE Stock Splits
2 stock splits
02/19/140.666667:1 split
06/29/060.5:1 split
ANDE SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/05/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/19/25 | 12/31/24 | 10-K | |
11/05/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/21/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/08/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/04/21 | 06/30/21 | 10-Q | |
05/05/21 | 03/31/21 | 10-Q | |
02/25/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/07/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
02/27/20 | 12/31/19 | 10-K | |
11/08/19 | 09/30/19 | 10-Q | |
08/08/19 | 06/30/19 | 10-Q | |
05/10/19 | 03/31/19 | 10-Q | |
02/27/19 | 12/31/18 | 10-K | |
11/06/18 | 09/30/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
02/26/18 | 12/31/17 | 10-K | |
11/07/17 | 09/30/17 | 10-Q | |
08/07/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/01/17 | 12/31/16 | 10-K | |
11/08/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/10/16 | 03/31/16 | 10-Q | |
02/29/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/02/15 | 12/31/14 | 10-K | |
11/07/14 | 09/30/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
02/28/14 | 12/31/13 | 10-K | |
11/12/13 | 09/30/13 | 10-Q | |
08/09/13 | 06/30/13 | 10-Q | |
05/10/13 | 03/31/13 | 10-Q | |
03/01/13 | 12/31/12 | 10-K | |
11/09/12 | 09/30/12 | 10-Q | |
08/09/12 | 06/30/12 | 10-Q | |
05/09/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
03/01/11 | 12/31/10 | 10-K | |
11/08/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/07/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/06/09 | 09/30/09 | 10-Q | |
08/07/09 | 06/30/09 | 10-Q | |
05/08/09 | 03/30/09 | 10-Q | |
02/27/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/30/08 | Unknown | -- |
02/28/08 | 12/31/07 | 10-K | |
11/07/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
05/10/07 | 03/30/07 | Unknown | -- |
03/12/07 | 12/31/06 | 10-K | |
11/09/06 | 09/30/06 | 10-Q | |
08/07/06 | 06/30/06 | 8-K | |
05/10/06 | 03/30/06 | Unknown | -- |
03/14/06 | 12/31/05 | 10-K | |
11/08/05 | 09/30/05 | 10-Q | |
08/09/05 | 06/30/05 | 10-Q | |
05/10/05 | 03/30/05 | Unknown | -- |
03/14/05 | 12/31/04 | 10-K | |
11/09/04 | 09/30/04 | 10-Q | |
08/05/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
03/11/04 | 12/31/03 | 10-K | |
11/12/03 | 09/30/03 | 10-Q | |
08/19/03 | 06/30/03 | NT 10-Q | |
05/14/03 | 03/30/03 | Unknown | -- |
03/19/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 10-Q | |
08/13/02 | 06/30/02 | 10-Q | |
05/10/02 | 03/30/02 | Unknown | -- |
03/20/02 | 12/31/01 | 10-K405 | |
11/14/01 | 09/30/01 | 10-Q | |
08/13/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/30/01 | Unknown | -- |
03/21/01 | 12/31/00 | 10-K405 | |
11/13/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/12/00 | 03/30/00 | Unknown | -- |