The case for & against
Bull & Bear analysis
Bullish
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) is a prominent agricultural company in Argentina, engaged in the ownership and operation of farmland as well as the production of various agricultural commodities, including grains, sugarcane, and livestock. With its extensive operations across South America, including Argentina, Brazil, Paraguay, and Bolivia, Cresud leverages its agricultural expertise to create synergies across farming and real estate sectors, playing a critical role in the agricultural value chain.
Bull says
- ↑Forecast 22% YoY crop production increase drives revenue growth
- ↑Argentine tax cuts on exports to boost agricultural margins
- ↑Record livestock output of 10.7M kg with peak profitability
- ↑Stable net debt after $181 M refinancing lowers financing costs
- ↑Agrofy near breakeven, supporting cost-reduction tech adoption
- ↑High earnings yield and strong dividend yield of 1.31%
Bear says
- ↓Fertilizer and fuel inflation erodes farmer and company margins
- ↓Analyst downgrades reflect declining earnings expectations
- ↓$200 M debt maturity next year raises refinancing risks
- ↓Commodity price volatility threatens revenue stability
- ↓Weak balance sheet quality and low liquidity concern investors
- ↓High share price volatility could trigger significant swings
Investment themes with CRESY
Argentina↑ +3.08%
Emerging economy driven by commodities, agriculture, and energy
MELI · YPF · GGAL
Earnings Call · Q2 2025 · Mgmt. Guidance
Updated 06-09-2026neutral
Transcript signals
Bull points
- in the last quarter, we have seen a slight recovery, both in corn and in soybean prices in Chicago. Soybeans are about 5% and corn 7%. So it's good news.
- we have complete the harvest in Argentina with it's almost double size than the last year. we sow and we harvest like 13,000 hectares of wheat. This is almost 95% in waste compared to the previous campaign. Similar yields, a little lower, but in terms of the tons, the general production was 65% above the last year, reaching 45,000 tons.
- cattle activity in Argentina regarding, we have seen the very high prices sustained. The prices had a significant improvement in the last year. The trend that we experienced last year remained the same. We increased a little bit size of herds, reaching almost 50,000 herds in Argentina. The production is increasing. We are expecting to have a higher with similar margins.
Bear points
- However, talking about Argentina, the lack of rain in January has been noted, which, if it persists, could impact the main crop yields.
- However, talking about Argentina, the lack of rain in January has been noted, which, if it persists, could impact the main crop yields.
- The market is not showing an increase again. So the market is reflecting that there was an expectation that maybe can stay that on the prices and the government will try to stay. But up to now, they announced formally up to the 30th of June. So the 1st of July, they would rebound to the 73.
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