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Lavoro Limited

Lavoro Limited

NASDAQ•LVRO
CEO: Mr. Ruy Cunha
Sector: Basic Materials
Industry: Agricultural Inputs
Listing Date: 2021-11-01
Lavoro Limited operates as an agricultural inputs retailer. The company operates through Brazil Ag Retail, LATAM Ag Retail, and Crop Care segments. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry. In addition, the company produces specialty fertilizers, crop protection products, and agricultural crop inputs. Lavoro Limited operates in Brazil, Colombia, Ecuador, Peru, Chile, Paraguay, and Uruguay. The company sells its products through its physical stores and digital channel. Lavoro Limited was founded in 2017 and is headquartered in São Paulo, Brazil.
Contact Information
Av. Dr. Cardoso de Melo, 1450, 4th floor, office 401, São Paulo, SP, 04548-005, Brazil
N/A
www.lavoroagro.com
Market Cap
$126.47M
P/E (TTM)
-0.3
0.2
Dividend Yield
--
52W High
$5.43
52W Low
$0.19
52W Range
17%
Rank58Top 85.6%
2.3
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q1 2025 Data

Revenue

$369.04M-13.24%
4-Quarter Trend

EPS

-$0.39+271.19%
4-Quarter Trend

FCF

-$133.25M+20.64%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Stability Maintained Total Revenue reached R$9,392.3M in FY2024, showing 0.5% increase over R$9,347.4M last year.
Crop Care Segment Growth Crop Care revenue hit R$749.2M in FY2024, reflecting strong growth from specialty products portfolio.
Extensive Acquisition Track Record Completed 27 acquisitions since 2017, leveraging M&A integration expertise for value creation.
Expanded Retail Footprint Retail network grew to 223 physical stores as of June 30, 2024, supporting 1,101 technical sales representatives.

Risk Factors

Significant Net Loss Incurred FY2024 net loss was R$785.0M, a material deterioration from the R$218.7M loss reported in FY2023.
Internal Control Deficiencies Noted Management concluded internal controls over financial reporting were not effective due to material weaknesses identified.
Gross Margin Under Pressure Gross margin contracted sharply to 14.2% in FY2024, down from 18.5% in FY2023, due to input costs.
Geopolitical Supply Chain Exposure High dependency on fertilizer imports from Russia/Belarus poses ongoing supply chain and cost volatility risks.

Outlook

Continue M&A Integration Strategy Maintain strong M&A pipeline to lead industry consolidation, focusing on synergistic and growth-oriented targets.
Expand Latin American Operations Intend to expand physical presence into new jurisdictions including Ecuador, Peru, Chile, and Paraguay.
Enhance Digital Channel Integration Integrate digital channels like Lavoro Connected Farm to capture operational synergies and improve client service.
Bolster Specialty Product Margins Further develop private label portfolio via R&D and registrations to enhance high-return consolidated margins.

Peer Comparison

Revenue (TTM)

Mercer International Inc.MERC
$1.91B
-5.8%
Lavoro LimitedLVRO
$1.75B
-3.7%
American Vanguard CorporationAVD
$530.07M
-4.3%

Gross Margin (Latest Quarter)

BioHarvest Sciences Inc. Common StockBHST
61.4%
+4.6pp
Bioceres Crop Solutions Corp.BIOX
40.9%
+0.8pp
American Vanguard CorporationAVD
28.7%
+14.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SMID$189.43M16.125.0%5.5%
MERC$164.78M-1.0-41.2%68.5%
FF$148.93M-4.3-18.7%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-15.8%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 2, 2026
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EPS:-
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Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Jun 30, 2024|Filed: Oct 31, 2024|
    Revenue: $1.87B+0.5%
    |
    EPS: $-1.34-193.0%
    Miss

  • Form 20-F - FY 2023

    Period End: Jun 30, 2023|Filed: Nov 1, 2023|
    Revenue: $1.86B+20.7%
    |
    EPS: $-0.46-488.1%
    Miss

  • Form 20-F - FY 2023

    Period End: Feb 28, 2023|Filed: Mar 6, 2023|Refer to amended data