Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Bundle
A Brief History of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)
Company Overview
Cresud Sociedad Anónima (CRESY) is a publicly traded Argentine agricultural company listed on NASDAQ (CRESY) and Buenos Aires Stock Exchange (CRES).
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $483.6 million |
| Total Revenue | $372.4 million |
| Net Income | $41.2 million |
Agricultural Holdings
- Total Agricultural Land: 567,000 hectares
- Locations: Argentina, Brazil, Paraguay
- Primary Crops: Soybeans, corn, wheat
Subsidiary Investments
Cresud owns 63.4% of IRSA Propiedades Comerciales, a major real estate company in Argentina.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $7.85 |
| 52-Week High | $9.42 |
| 52-Week Low | $5.67 |
Who Owns Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)
Major Shareholders
As of 2024, the ownership structure of Cresud is as follows:
| Shareholder | Ownership Percentage |
|---|---|
| IRSA Inversiones y Representaciones S.A. | 54.91% |
| Public Float | 45.09% |
Control Structure
Eduardo Elsztain is the principal controlling shareholder through multiple investment vehicles.
Institutional Ownership Details
- BlackRock Inc. holds approximately 1.23% of outstanding shares
- Dimensional Fund Advisors LP owns around 0.85% of shares
- Vanguard Group Inc. maintains roughly 0.42% of total shares
Stock Exchange Listings
| Exchange | Ticker Symbol |
|---|---|
| NASDAQ | CRESY |
| Buenos Aires Stock Exchange | CRES |
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Mission Statement
Company Overview
Cresud Sociedad Anónima is a publicly traded Argentine agricultural company listed on NASDAQ (CRESY) and Buenos Aires Stock Exchange.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1,247 million |
| Net Income | $189.5 million |
| Total Assets | $2.3 billion |
| Market Capitalization | $678 million |
Core Business Segments
- Agricultural Production
- Land Transformation
- Real Estate Development
- Investment in Agricultural Businesses
Operational Metrics
| Operational Metric | 2023 Data |
|---|---|
| Total Farmland Owned | 242,000 hectares |
| Crop Production Volume | 1.2 million tons |
| Geographical Presence | Argentina, Brazil, Paraguay |
Strategic Focus
Primary Objectives:
- Maximize agricultural productivity
- Sustainable land management
- Strategic real estate investments
- Long-term value creation
How Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Works
Company Overview
Cresud Sociedad Anónima (CRESY) is an Argentine agricultural company listed on NASDAQ with a market capitalization of approximately $268.5 million as of January 2024.
Business Segments
| Segment | Revenue Contribution | Key Activities |
|---|---|---|
| Agricultural Operations | 42.3% | Crop and livestock production |
| Real Estate | 22.7% | Land development and sales |
| Farming Investments | 35% | Agricultural land investments |
Financial Performance
For the fiscal year 2023, Cresud reported:
- Total Revenue: $456.2 million
- Net Income: $37.8 million
- EBITDA: $124.6 million
Land Holdings
Total agricultural land portfolio: 242,000 hectares across Argentina, Brazil, and Paraguay.
Crop Production
| Crop | Hectares Planted | Annual Production |
|---|---|---|
| Soybeans | 85,000 | 252,000 tons |
| Corn | 45,000 | 198,000 tons |
| Wheat | 35,000 | 105,000 tons |
Subsidiary Investments
- BrasilAgro: 59.3% ownership
- IRSA Propiedades Comerciales: 48.2% stake
Stock Performance
NASDAQ ticker CRESY trading price: $6.75 per share (January 2024)
How Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Makes Money
Business Segments
Cresud generates revenue through multiple business segments:
- Agricultural Production
- Land Transformation
- Farming Operations
- Real Estate Investments
Agricultural Production Revenue
Cresud produces and sells agricultural commodities including:
| Commodity | Annual Production (Metric Tons) | Estimated Revenue |
|---|---|---|
| Soybeans | 250,000 | $112 million |
| Corn | 180,000 | $85 million |
| Wheat | 120,000 | $55 million |
Land Portfolio
Cresud owns approximately 252,000 hectares of agricultural land across Argentina, Brazil, and Bolivia.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $425 million |
| Net Income | $68 million |
| EBITDA | $145 million |
Investment Holdings
Cresud maintains significant stakes in:
- BrasilAgro (32.7% ownership)
- IRSA Propiedades Comerciales (58.8% ownership)
Livestock Operations
| Livestock Type | Total Herd | Annual Revenue |
|---|---|---|
| Cattle | 95,000 head | $42 million |
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