AgriFORCE Growing Systems Ltd
Buy, Hold or Sell?

Let's analyse AgriFORCE Growing Systems Ltd together

Penke I guess you are interested in AgriFORCE Growing Systems Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of AgriFORCE Growing Systems Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about AgriFORCE Growing Systems Ltd

I send you an email if I find something interesting about AgriFORCE Growing Systems Ltd.

Quick analysis of AgriFORCE Growing Systems Ltd (30 sec.)

1. Valuation of AgriFORCE Growing Systems Ltd (5 min.)

Live pricePrice per share (EOD)

$0.25

Book Value per Share

$0.35

2. Growth of AgriFORCE Growing Systems Ltd (5 min.)

Is AgriFORCE Growing Systems Ltd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$8.2m	$5.8m	$3.8m	39.4%

How much money is AgriFORCE Growing Systems Ltd making?

	Current year	Previous year	Grow	Grow %
Making money	-$1m	-$3m	$2m	?
Net Profit Margin	0.0%	0.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of AgriFORCE Growing Systems Ltd (5 min.)

4. Comparing to competitors in the Farm Products industry (5 min.)

Industry Rankings (Farm Products)

Richest
#234 / 264

Most Revenue
#260 / 264

Most Profit
#195 / 264

Most Efficient
#175 / 264

Fundamentals of AgriFORCE Growing Systems Ltd

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of AgriFORCE Growing Systems Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit AgriFORCE Growing Systems Ltd earns for each $1 of revenue.

Above 10% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of AgriFORCE Growing Systems Ltd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	-	1.9%	-1.9%
TTM	-	3.3%	-3.3%
YOY	-	2.5%	-2.5%
5Y	-	2.2%	-2.2%
10Y	-	2.6%	-2.6%

Measures how much net profit AgriFORCE Growing Systems Ltd earns for each $1 of revenue.

Revenue is the amount of profit AgriFORCE Growing Systems Ltd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit AgriFORCE Growing Systems Ltd earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be used to compare companies within the Farm Products industry.

You typically want a high profit margin. This means that for each $1 in sales, AgriFORCE Growing Systems Ltd makes more profit. This shows the investor how efficiently AgriFORCE Growing Systems Ltd is operating in general and compared to other companies in the same industry. AgriFORCE Growing Systems Ltd operates in the Farm Products industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of AgriFORCE Growing Systems Ltd. If profit margins remain low (compared to the Farm Products industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of AgriFORCE Growing Systems Ltd is 0.00. This means that AgriFORCE Growing Systems Ltd earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Farm Products industry is 1.9%.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare AgriFORCE Growing Systems Ltd with other companies in the same industry (Farm Products).
Net profit margin should rise over the years.
Can be influenced when AgriFORCE Growing Systems Ltd sells assets (profit will increase while costs remain the same).
It won’t show what part of AgriFORCE Growing Systems Ltd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of AgriFORCE Growing Systems Ltd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ AgriFORCE Growing Systems Ltd = 1,216
Total revenue MRQ AgriFORCE Growing Systems Ltd = 0
$1,216 / $0 = 0.00 or 0.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient AgriFORCE Growing Systems Ltd is using its assets to generate profit.

Above 5% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
6.1% Return on Assets means that AgriFORCE Growing Systems Ltd generated $0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of AgriFORCE Growing Systems Ltd:

The MRQ is 6.1%. Using its assets, the company is efficient in making profit. +1
The TTM is -3.9%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	6.1%	TTM	-3.9%	+10.0%
TTM	-3.9%	YOY	-35.6%	+31.7%
TTM	-3.9%	5Y	-21.2%	+17.3%
5Y	-21.2%	10Y	-21.2%	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	6.1%	0.9%	+5.2%
TTM	-3.9%	1.0%	-4.9%
YOY	-35.6%	0.8%	-36.4%
5Y	-21.2%	0.7%	-21.9%
10Y	-21.2%	1.0%	-22.2%

Shows how efficient AgriFORCE Growing Systems Ltd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively AgriFORCE Growing Systems Ltd is using its resources to generate profit. If the return on assets (6.1%) from AgriFORCE Growing Systems Ltd are higher than the Farm Products mean (0.9%) that means AgriFORCE Growing Systems Ltd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of AgriFORCE Growing Systems Ltd is 6.1%. This means the company generated $0.06 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Farm Products industry is 0.9%.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example AgriFORCE Growing Systems Ltd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from AgriFORCE Growing Systems Ltd = 1,216
Total assets MRQ (balance sheet) from AgriFORCE Growing Systems Ltd = 19,882
1,216 / 19,882 = 0.06 or 6.1%

ROA is an important ratio as it will tell you how effectively AgriFORCE Growing Systems Ltd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient AgriFORCE Growing Systems Ltd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
14.8% Return on Equity means AgriFORCE Growing Systems Ltd generated $0.15 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of AgriFORCE Growing Systems Ltd:

The MRQ is 14.8%. Using its investors money, the company is less efficient in making profit.
The TTM is -9.6%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	14.8%	TTM	-9.6%	+24.5%
TTM	-9.6%	YOY	-200.4%	+190.8%
TTM	-9.6%	5Y	-82.5%	+72.9%
5Y	-82.5%	10Y	-82.5%	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	14.8%	2.2%	+12.6%
TTM	-9.6%	2.3%	-11.9%
YOY	-200.4%	1.8%	-202.2%
5Y	-82.5%	1.5%	-84.0%
10Y	-82.5%	1.7%	-84.2%

Shows how efficient AgriFORCE Growing Systems Ltd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Farm Products industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of AgriFORCE Growing Systems Ltd is 14.8%. This means AgriFORCE Growing Systems Ltd generated $0.15 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Farm Products industry is 2.2%.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if AgriFORCE Growing Systems Ltd existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of AgriFORCE Growing Systems Ltd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) AgriFORCE Growing Systems Ltd = 1,216
Shareholders equity (balance sheet) MRQ AgriFORCE Growing Systems Ltd = 8,209
1,216 / 8,209 = 0.15 or 14.8%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of AgriFORCE Growing Systems Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient AgriFORCE Growing Systems Ltd is operating .

Measures how much profit AgriFORCE Growing Systems Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of AgriFORCE Growing Systems Ltd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	-	4.6%	-4.6%
TTM	-	4.0%	-4.0%
YOY	-	4.3%	-4.3%
5Y	-	4.0%	-4.0%
10Y	-	3.2%	-3.2%

Measures how efficient AgriFORCE Growing Systems Ltd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit AgriFORCE Growing Systems Ltd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of AgriFORCE Growing Systems Ltd is 0.0%. This means that AgriFORCE Growing Systems Ltd earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Farm Products industry is 4.6%.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of AgriFORCE Growing Systems Ltd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ AgriFORCE Growing Systems Ltd = -2,822
Total revenue MRQ AgriFORCE Growing Systems Ltd = 0
$-2,822 / $0 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient AgriFORCE Growing Systems Ltd is keeping operating costs low.

Below 1 is considered healthy (always compare to Farm Products industry mean).
An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of AgriFORCE Growing Systems Ltd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	-	1.589	-1.589
TTM	-	1.587	-1.587
YOY	-	1.558	-1.558
5Y	-	1.570	-1.570
10Y	-	1.297	-1.297

Measures how efficient AgriFORCE Growing Systems Ltd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of AgriFORCE Growing Systems Ltd is 0.0%. This means that AgriFORCE Growing Systems Ltd earned $0.00 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Farm Products industry is 1.59.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example AgriFORCE Growing Systems Ltd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(-2,822 +2,822) \ 0 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of AgriFORCE Growing Systems Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if AgriFORCE Growing Systems Ltd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Farm Products industry mean).
A Current Ratio of 0.61 means the company has $0.61 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of AgriFORCE Growing Systems Ltd:

The MRQ is 0.613. The company is unable to pay all its short-term debts. -2
The TTM is 1.133. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	0.613	TTM	1.133	-0.520
TTM	1.133	YOY	3.027	-1.894
TTM	1.133	5Y	1.397	-0.264
5Y	1.397	10Y	1.397	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.613	1.585	-0.972
TTM	1.133	1.677	-0.544
YOY	3.027	1.635	+1.392
5Y	1.397	1.645	-0.248
10Y	1.397	1.439	-0.042

Measures if AgriFORCE Growing Systems Ltd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Farm Products industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for AgriFORCE Growing Systems Ltd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of AgriFORCE Growing Systems Ltd is 0.61. This means AgriFORCE Growing Systems Ltd has $0.61 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm Products industry is 1.59.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example AgriFORCE Growing Systems Ltd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,279 \ 5,353) = 0.61

The current ratio measures if AgriFORCE Growing Systems Ltd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if AgriFORCE Growing Systems Ltd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then AgriFORCE Growing Systems Ltd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate AgriFORCE Growing Systems Ltd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if AgriFORCE Growing Systems Ltd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
A Quick Ratio of 0.52 means the company can pay off $0.52 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of AgriFORCE Growing Systems Ltd:

The MRQ is 0.515. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 1.061. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	0.515	TTM	1.061	-0.546
TTM	1.061	YOY	2.840	-1.779
TTM	1.061	5Y	1.296	-0.235
5Y	1.296	10Y	1.296	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.515	0.391	+0.124
TTM	1.061	0.486	+0.575
YOY	2.840	0.534	+2.306
5Y	1.296	0.564	+0.732
10Y	1.296	0.579	+0.717

Measures if AgriFORCE Growing Systems Ltd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast AgriFORCE Growing Systems Ltd can pay off its short term debts. This shows if AgriFORCE Growing Systems Ltd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of AgriFORCE Growing Systems Ltd is 0.52. This means that AgriFORCE Growing Systems Ltd can pay off $0.52 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 0.39.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example AgriFORCE Growing Systems Ltd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio AgriFORCE Growing Systems Ltd: (2,732 + +26) / 5,353 = 0.52

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of AgriFORCE Growing Systems Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of AgriFORCE Growing Systems Ltd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare AgriFORCE Growing Systems Ltd to Farm Products industry mean.
A Debt to Asset Ratio of 0.59 means that AgriFORCE Growing Systems Ltd assets are financed with 58.7% credit (debt) and the remaining percentage (100% - 58.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of AgriFORCE Growing Systems Ltd:

The MRQ is 0.587. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.579. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.587	TTM	0.579	+0.008
TTM	0.579	YOY	0.506	+0.073
TTM	0.579	5Y	0.515	+0.064
5Y	0.515	10Y	0.515	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.587	0.486	+0.101
TTM	0.579	0.485	+0.094
YOY	0.506	0.495	+0.011
5Y	0.515	0.492	+0.023
10Y	0.515	0.487	+0.028

Measures how much % of AgriFORCE Growing Systems Ltd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake AgriFORCE Growing Systems Ltd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare AgriFORCE Growing Systems Ltd to Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of AgriFORCE Growing Systems Ltd is 0.59. This means means that AgriFORCE Growing Systems Ltd is financed with 58.7% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm Products industry is 158.5%.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why AgriFORCE Growing Systems Ltd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example AgriFORCE Growing Systems Ltd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
11,672 \ 19,882 = 58.7% or 0.59.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if AgriFORCE Growing Systems Ltd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
A Debt to Equity ratio of 142.2% means that company has $1.42 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of AgriFORCE Growing Systems Ltd:

The MRQ is 1.422. The company is able to pay all its debts with equity. +1
The TTM is 1.396. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.422	TTM	1.396	+0.026
TTM	1.396	YOY	3.548	-2.152
TTM	1.396	5Y	1.952	-0.556
5Y	1.952	10Y	1.952	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	1.422	0.915	+0.507
TTM	1.396	0.967	+0.429
YOY	3.548	1.008	+2.540
5Y	1.952	1.008	+0.944
10Y	1.952	1.042	+0.910

Measures if AgriFORCE Growing Systems Ltd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of AgriFORCE Growing Systems Ltd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of AgriFORCE Growing Systems Ltd is 1.42. This means that AgriFORCE Growing Systems Ltd can pay off $1.42 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 0.92.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example AgriFORCE Growing Systems Ltd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
11,672 \ 8,209 = 1.42 or 142.2%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of AgriFORCE Growing Systems Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings AgriFORCE Growing Systems Ltd generates.

Above 15 is considered overpriced but always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
A PE ratio of 13.55 means the investor is paying $13.55 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of AgriFORCE Growing Systems Ltd:

The EOD is 4.796. Very good. +2
The MRQ is 13.546. Very good. +2
The TTM is -6.985. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	4.796	MRQ	13.546	-8.750
MRQ	13.546	TTM	-6.985	+20.531
TTM	-6.985	YOY	-12.970	+5.985
TTM	-6.985	5Y	-696.843	+689.858
5Y	-696.843	10Y	-696.843	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	4.796	7.817	-3.021
MRQ	13.546	9.300	+4.246
TTM	-6.985	9.080	-16.065
YOY	-12.970	10.219	-23.189
5Y	-696.843	10.425	-707.268
10Y	-696.843	17.687	-714.530

Measures how much money you pay for each share for every $1 in earnings AgriFORCE Growing Systems Ltd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare AgriFORCE Growing Systems Ltd to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of AgriFORCE Growing Systems Ltd is 13.55. This means the investor is paying $13.55 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 9.30.
What is the trend?
The trend is important because it shows you how AgriFORCE Growing Systems Ltd is performing over time. The most recent quarter might be important if AgriFORCE Growing Systems Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for AgriFORCE Growing Systems Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example AgriFORCE Growing Systems Ltd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 23,729 = EPS
PE ratio MRQ = 13.55

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of AgriFORCE Growing Systems Ltd.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of AgriFORCE Growing Systems Ltd:

The MRQ is 4.658. Seems overpriced? -1
The TTM is -7.159. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	4.658	TTM	-7.159	+11.817
TTM	-7.159	YOY	-22.602	+15.443
TTM	-7.159	5Y	-713.126	+705.967
5Y	-713.126	10Y	-713.126	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	4.658	10.497	-5.839
TTM	-7.159	19.332	-26.491
YOY	-22.602	25.708	-48.310
5Y	-713.126	102.892	-816.018
10Y	-713.126	133.620	-846.746

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of AgriFORCE Growing Systems Ltd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Farm Products industry mean).
A PB ratio of 2.01 means the investor is paying $2.01 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of AgriFORCE Growing Systems Ltd:

The EOD is 0.710. Very good. +2
The MRQ is 2.006. Good. +1
The TTM is 2.825. Good. +1

Trends

Current period		Compared to		+/-
EOD	0.710	MRQ	2.006	-1.296
MRQ	2.006	TTM	2.825	-0.819
TTM	2.825	YOY	5.040	-2.215
TTM	2.825	5Y	353.622	-350.797
5Y	353.622	10Y	353.622	0.000

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	0.710	1.398	-0.688
MRQ	2.006	1.565	+0.441
TTM	2.825	1.624	+1.201
YOY	5.040	1.812	+3.228
5Y	353.622	1.794	+351.828
10Y	353.622	2.058	+351.564

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of AgriFORCE Growing Systems Ltd.

3.1. Institutions holding AgriFORCE Growing Systems Ltd

Institutions are holding 6.138% of the shares of AgriFORCE Growing Systems Ltd.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2022-12-31	1832 Asset Management L.P	0.145	0.0001	26562	0	0
2023-03-31	Sowell Financial Services, LLC	0.1092	0.0011	20000	20000	0
2022-12-31	AMG National Trust Bank	0.1092	0.0008	20000	20000	0
2022-12-31	Geode Capital Management, LLC	0.0963	0	17646	0	0
2023-03-31	Renaissance Technologies Corp	0.0838	0	15343	15343	0
2022-12-31	IFP Advisors, LLC	0.0737	0.0017	13500	10000	285.7143
2022-12-31	SIMPLEX TRADING, LLC	0.0449	0	8231	-5642	-40.6689
2022-12-31	Group One Trading, LP	0.019	0	3478	-114156	-97.0434
2022-12-31	UBS Group AG	0.0148	0	2705	-1834	-40.4054
2022-12-31	Aspire Private Capital, LLC	0.0016	0.0001	300	300	0
2022-12-31	Cutler Group LP	0.0011	0	209	209	0
2022-12-31	Susquehanna International Group, LLP	0	0	0	-26393	-100
2022-12-31	Barclays PLC	0	0	0	-7280	-100
2022-12-31	Axiom Investment Management LLC	0	0	0	-15000	-100
2022-12-31	Virtu Financial LLC	0	0	0	-11947	-100
2022-12-31	Squarepoint Ops LLC	0	0	0	-14684	-100
Total		0.6986	0.0038	127974	-131084	-102.4%

3.2. Funds holding AgriFORCE Growing Systems Ltd

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-03-31	Fidelity® NASDAQ Composite Index®	0.0963	0.0001	17646	0	0
Total		0.0963	0.0001	17646	0	0.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of AgriFORCE Growing Systems Ltd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.223	0.018	-1318%	0.057	-490%	0.025	-1003%	0.025	-1003%
Book Value Growth	-	-	0.779	1.207	-35%	9.884	-92%	3.733	-79%	3.733	-79%
Book Value Per Share	-	-	0.346	0.487	-29%	0.318	+9%	0.278	+25%	0.278	+25%
Book Value Per Share Growth	-	-	0.608	1.169	-48%	9.884	-94%	3.721	-84%	3.721	-84%
Current Ratio	-	-	0.613	1.133	-46%	3.027	-80%	1.397	-56%	1.397	-56%
Debt To Asset Ratio	-	-	0.587	0.579	+1%	0.506	+16%	0.515	+14%	0.515	+14%
Debt To Equity Ratio	-	-	1.422	1.396	+2%	3.548	-60%	1.952	-27%	1.952	-27%
Dividend Per Share	-	-	-	-	0%	0.020	-100%	0.006	-100%	0.006	-100%
Eps	-	-	0.051	-0.089	+274%	-0.132	+358%	-0.088	+271%	-0.088	+271%
Eps Growth	-	-	2.908	1.656	+76%	0.762	+282%	1.217	+139%	1.217	+139%
Free Cash Flow Per Share	-	-	-0.112	-0.150	+34%	-0.122	+10%	-0.093	-16%	-0.093	-16%
Free Cash Flow Per Share Growth	-	-	1.356	1.063	+28%	-0.727	+154%	0.560	+142%	0.560	+142%
Free Cash Flow To Equity Per Share	-	-	0.019	-0.027	+240%	0.058	-67%	-0.003	+115%	-0.003	+115%
Free Cash Flow To Equity Per Share Growth	-	-	2.066	1.670	+24%	3.735	-45%	2.181	-5%	2.181	-5%
Gross Profit Margin	-	-	0.917	1.047	-12%	1.001	-8%	1.014	-10%	1.014	-10%
Intrinsic Value_10Y_max	-	-	0.782	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-12.461	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.323	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.713	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.665	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-2.619	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.637	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-5.033	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Pb Ratio	0.710	-182%	2.006	2.825	-29%	5.040	-60%	353.622	-99%	353.622	-99%
Pe Ratio	4.796	-182%	13.546	-6.985	+152%	-12.970	+196%	-696.843	+5244%	-696.843	+5244%
Peg Ratio	-	-	4.658	-7.159	+254%	-22.602	+585%	-713.126	+15410%	-713.126	+15410%
Price Per Share	0.246	-182%	0.694	1.409	-51%	1.848	-62%	41.408	-98%	41.408	-98%
Price To Total Gains Ratio	-1.100	+65%	-3.108	-1.324	-57%	-13.906	+347%	-70.303	+2162%	-70.303	+2162%
Profit Growth	-	-	3.164	1.866	+70%	0.219	+1342%	0.977	+224%	0.977	+224%
Quick Ratio	-	-	0.515	1.061	-51%	2.840	-82%	1.296	-60%	1.296	-60%
Return On Assets	-	-	0.061	-0.039	+164%	-0.356	+683%	-0.212	+446%	-0.212	+446%
Return On Equity	-	-	0.148	-0.096	+165%	-2.004	+1454%	-0.825	+657%	-0.825	+657%
Total Gains Per Share	-	-	-0.223	0.018	-1318%	0.077	-390%	0.030	-835%	0.030	-835%
Total Gains Per Share Growth	-	-	-2.660	1.046	-354%	5.671	-147%	2.398	-211%	2.398	-211%
Usd Book Value	-	-	8209325.000	9703114.500	-15%	5880938.000	+40%	5336481.929	+54%	5336481.929	+54%
Usd Book Value Change Per Share	-	-	-0.223	0.018	-1318%	0.057	-490%	0.025	-1003%	0.025	-1003%
Usd Book Value Per Share	-	-	0.346	0.487	-29%	0.318	+9%	0.278	+25%	0.278	+25%
Usd Dividend Per Share	-	-	-	-	0%	0.020	-100%	0.006	-100%	0.006	-100%
Usd Eps	-	-	0.051	-0.089	+274%	-0.132	+358%	-0.088	+271%	-0.088	+271%
Usd Free Cash Flow	-	-	-2647873.000	-3004148.000	+13%	-2266232.250	-14%	-1798308.286	-32%	-1798308.286	-32%
Usd Free Cash Flow Per Share	-	-	-0.112	-0.150	+34%	-0.122	+10%	-0.093	-16%	-0.093	-16%
Usd Free Cash Flow To Equity Per Share	-	-	0.019	-0.027	+240%	0.058	-67%	-0.003	+115%	-0.003	+115%
Usd Price Per Share	0.246	-182%	0.694	1.409	-51%	1.848	-62%	41.408	-98%	41.408	-98%
Usd Profit	-	-	1215656.000	-1050151.500	+186%	-3073762.750	+353%	-1546929.071	+227%	-1546929.071	+227%
Usd Revenue	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Total Gains Per Share	-	-	-0.223	0.018	-1318%	0.077	-390%	0.030	-835%	0.030	-835%
	EOD	+4 -1	MRQ	TTM	+16 -19	YOY	+17 -20	5Y	+17 -20	10Y	+17 -20

4.2. Fundamental Score

Let's check the fundamental score of AgriFORCE Growing Systems Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	4.796
Price to Book Ratio (EOD)	Between	0-1	0.710
Net Profit Margin (MRQ)	Greater than	0	0.000
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.515
Current Ratio (MRQ)	Greater than	1	0.613
Debt to Asset Ratio (MRQ)	Less than	1	0.587
Debt to Equity Ratio (MRQ)	Less than	1	1.422
Return on Equity (MRQ)	Greater than	0.15	0.148
Return on Assets (MRQ)	Greater than	0.05	0.061
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of AgriFORCE Growing Systems Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	0.243
Total			0/1 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-03-31		2022-06-30		2022-09-30		2022-12-31		2023-03-31
Net Income		-5,953	3,290	-2,664	956	-1,708	663	-1,045	2,260	1,216

Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	19,882
Total Liabilities	11,672
Total Stockholder Equity	8,209

	As reported
Total Liabilities	11,672
Total Stockholder Equity	+ 8,209
Total Assets	= 19,882

Assets

Total Assets	19,882
Total Current Assets	3,279
Long-term Assets	3,279

Total Current Assets

Total Current Assets (as reported)	3,279
Cash And Cash Equivalents	2,732
Net Receivables	26
Other Current Assets	37
Total Current Assets (calculated)	2,795
+/-	484

Long-term Assets

Long-term Assets (as reported)	16,603
Property Plant Equipment	3,666
Intangible Assets	12,936
Long-term Assets (calculated)	16,603
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	5,353
Long-term Liabilities	6,320
Total Stockholder Equity	8,209

Total Current Liabilities

Total Current Liabilities (as reported)	5,353
Short-term Debt	4,539
Short Long Term Debt	4,267
Accounts payable	126
Other Current Liabilities	688
Total Current Liabilities (calculated)	9,619
+/-	4,267

Long-term Liabilities

Long-term Liabilities (as reported)	6,320
Long term Debt	44
Capital Lease Obligations	1,481
Long-term Liabilities (calculated)	1,526
+/-	4,794

Total Stockholder Equity

Total Stockholder Equity (as reported)	8,209
Common Stock	31,284
Retained Earnings	-34,494
Accumulated Other Comprehensive Income	-528
Other Stockholders Equity	11,948
Total Stockholder Equity (calculated)	8,209
+/-	0

Other

Capital Stock	31,284
Cash and Short Term Investments	2,732
Common Stock Shares Outstanding	23,729
Liabilities and Stockholders Equity	19,882
Net Debt	3,060
Net Invested Capital	12,520
Net Working Capital	-2,074
Short Long Term Debt Total	5,792

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

> Total Assets

4,370
0
0
2,749
3,366
3,593
3,593
13,924
11,765
10,365
27,184
23,903
21,847
19,882

19,882

21,847

23,903

27,184

10,365

11,765

13,924

3,593

3,366

2,749

4,370

> Total Current Assets

2,304
0
0
617
875
967
396
10,346
8,117
4,884
14,066
8,301
2,917
3,279

3,279

2,917

8,301

14,066

4,884

8,117

10,346

396

967

875

617

2,304

Cash And Cash Equivalents

2,159
0
0
454
653
736
157
9,835
7,775
4,378
1,997
7,869
2,269
2,732

2,732

2,269

7,869

1,997

4,378

7,775

9,835

157

736

653

454

2,159

Net Receivables

48
0
0
7
9
6
10
32
32
23
11,957
47
49
26

11,957

Other Current Assets

88
0
0
157
43
55
230
480
309
117
42
38
50
37

117

309

480

230

157

> Long-term Assets

2,066
0
0
2,131
2,490
2,626
3,196
3,578
3,649
5,481
13,118
15,602
18,930
16,603

16,603

18,930

15,602

13,118

5,481

3,649

3,578

3,196

2,626

2,490

2,131

2,066

Property Plant Equipment

2,066
0
0
2,006
2,100
2,125
2,154
2,108
41
3,982
3,930
3,655
5,841
3,666

3,666

5,841

3,655

3,930

3,982

2,108

2,154

2,125

2,100

2,006

2,066

Intangible Assets

0
0
0
0
0
0
0
1,470
1,477
1,499
9,188
9,861
13,089
12,936

12,936

13,089

9,861

9,188

1,499

1,477

1,470

Other Assets

0
0
0
0
391
501
1,043
0
51
0
0
2,086
0
0

2,086

1,043

501

391

> Total Liabilities

1,376
0
0
1,572
1,962
2,783
3,323
3,720
3,765
5,315
17,041
13,985
11,304
11,672

11,672

11,304

13,985

17,041

5,315

3,765

3,720

3,323

2,783

1,962

1,572

1,376

> Total Current Liabilities

1,376
0
0
1,542
1,931
2,484
3,004
1,830
2,286
1,761
7,004
6,073
5,361
5,353

5,353

5,361

6,073

7,004

1,761

2,286

1,830

3,004

2,484

1,931

1,542

1,376

Short-term Debt

0
0
0
0
0
264
698
0
0
148
3,957
4,327
4,213
4,539

4,539

4,213

4,327

3,957

148

698

264

Short Long Term Debt

0
0
0
0
0
264
698
0
0
0
3,698
4,082
3,942
4,267

4,267

3,942

4,082

3,698

698

264

Accounts payable

924
0
0
946
992
1,158
1,256
197
414
275
1,340
445
498
126

126

498

445

1,340

275

414

197

1,256

1,158

992

946

924

Other Current Liabilities

452
0
0
596
939
1,062
1,050
1,633
1,872
1,338
1,708
1,301
650
688

688

650

1,301

1,708

1,338

1,872

1,633

1,050

1,062

939

596

452

> Long-term Liabilities

924
0
0
30
31
299
319
1,890
1,479
3,555
10,037
7,912
5,943
6,320

6,320

5,943

7,912

10,037

3,555

1,479

1,890

319

299

924

Other Liabilities

0
0
0
0
0
267
271
1,843
1,432
1,903
8,591
6,592
0
0

6,592

8,591

1,903

1,432

1,843

271

267

Deferred Long Term Liability

0
0
0
0
391
501
1,043
0
0
0
0
0
0
0

1,043

501

391

> Total Stockholder Equity

2,995
0
0
1,176
1,403
810
270
10,204
8,000
5,050
10,143
9,917
10,543
8,209

8,209

10,543

9,917

10,143

5,050

8,000

10,204

270

810

1,403

1,176

2,995

Common Stock

3,725
0
0
4,510
5,696
5,876
7,023
25,462
25,638
25,823
26,711
27,003
27,143
31,284

31,284

27,143

27,003

26,711

25,823

25,638

25,462

7,023

5,876

5,696

4,510

3,725

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

165
0
0
51
119
132
127
-102
-33
-45
-66
-633
-643
-528

-528

-643

-633

-66

-45

-33

-102

127

132

119

165

Capital Surplus

Treasury Stock

Other Stockholders Equity

739
0
0
1,297
1,392
1,491
1,548
2,016
2,297
2,455
10,123
13,569
16,817
11,948

11,948

16,817

13,569

10,123

2,455

2,297

2,016

1,548

1,491

1,392

1,297

739

Balance Sheet

Currency in USD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Accounts Payable	498	414	992	924	181
Accumulated Other Comprehensive Income	-643	-33	119	165	11
Capital Lease Obligations	1,521	-	-	-	-
Capital Stock	27,143	25,638	12,414	10,443	2,374
Cash	2,269	7,775	653	2,159	79
Cash And Short Term Investments	2,269	7,775	653	2,159	79
Common Stock	27,143	25,638	5,696	3,725	2,374
Common Stock Shares Outstanding	18,080	11,164	14,522	14,522	12,367
Common Stock Total Equity	-	-	5,696	3,725	2,374
Deferred Long Term Liab	-	-	391	-	-
Intangible Assets	13,089	1,477	-	-	-
Liabilities And Stockholders Equity	21,847	11,765	3,366	4,370	224
Long Term Debt	44	47	31	-	-
Net Debt	3,238	-7,728	-622	-2,159	-79
Net Invested Capital	14,529	8,047	-5,283	-3,723	-40
Net Receivables	49	32	9	48	37
Net Tangible Assets	-	6,523	-5,314	-3,723	-40
Net Working Capital	-2,444	5,831	-1,056	929	-68
Non Current Assets Total	18,930	3,649	2,490	2,066	28
Non Current Liabilities Total	5,943	1,479	31	924	181
Non Currrent Assets Other	4,178	51	391	-	-
Other Assets	-	51	391	-	-
Other Current Assets	50	63	43	88	80
Other Current Liab	650	1,872	939	452	83
Other Liab	-	1,432	-	-	-
Other Stockholder Equity	16,817	2,297	1,392	739	320
Property Plant And Equipment Gross	-	-	2,100	2,066	28
Property Plant And Equipment Net	5,841	2,121	2,100	2,066	28
Property Plant Equipment	-	2,121	2,100	2,066	28
Retained Earnings	-32,774	-19,901	-12,522	-8,352	-2,745
Short Long Term Debt	3,942	-	-	-	-
Short Long Term Debt Total	5,507	47	31	-	-
Short Term Debt	4,213	-	-	-	-
Total Assets	21,847	11,765	3,366	4,370	224
Total Current Assets	2,917	8,117	875	2,304	196
Total Current Liabilities	5,361	2,286	1,931	1,376	264
Total Liab	11,304	3,765	1,962	1,376	264
Total Stockholder Equity	10,543	8,000	1,403	2,995	-40

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Accounts Payable	126	498	445	1,340	275	414	197	1,256	1,158	992	946	-	-	924
Accumulated Other Comprehensive Income	-528	-643	-633	-66	-45	-33	-102	127	132	119	51	-	-	165
Capital Lease Obligations	1,481	1,521	1,521	1,658	1,751	-	-	-	-	-	-	-	-	-
Capital Stock	31,284	27,143	27,003	26,711	25,823	25,638	25,462	13,741	-	-	-	-	-	-
Cash	2,732	2,269	7,869	1,997	4,378	7,775	9,835	157	736	653	454	-	-	2,159
Cash And Short Term Investments	2,732	2,269	7,869	1,997	4,378	7,775	9,835	157	736	653	454	-	-	2,159
Common Stock	31,284	27,143	27,003	26,711	25,823	25,638	25,462	7,023	5,876	5,696	4,510	-	-	3,725
Common Stock Shares Outstanding	23,729	18,080	20,435	16,518	15,219	14,378	14,378	14,068	14,522	14,522	14,522	14,522	14,522	14,522
Common Stock Total Equity	-	-	-	-	-	-	-	7,023	-	-	-	-	-	-
Deferred Long Term Liab	-	-	-	-	-	-	-	1,043	501	391	-	-	-	-
Intangible Assets	12,936	13,089	9,861	9,188	1,499	1,477	1,470	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	19,882	21,847	23,903	27,184	10,365	11,765	13,924	3,593	3,593	3,366	2,749	-	-	4,370
Long Term Debt	44	44	44	47	48	47	47	48	32	31	30	-	-	-
Net Debt	3,060	3,238	-2,222	3,406	-2,579	-7,728	-9,787	590	-440	-622	-424	-	-	-2,159
Net Invested Capital	12,520	14,529	14,043	13,887	5,098	8,047	10,251	-5,701	-5,611	-5,283	-5,511	-	-	-
Net Receivables	26	49	47	11,957	23	32	32	10	6	9	7	-	-	48
Net Tangible Assets	-	-	57	955	3,551	6,523	8,734	-6,448	-5,907	-5,314	-	-	-	-
Net Working Capital	-2,074	-2,444	2,227	7,062	3,124	5,831	8,515	-2,607	-1,517	-1,056	-925	-	-	-
Non Current Assets Total	16,603	18,930	15,602	13,118	5,481	3,649	3,578	3,196	2,626	2,490	2,131	-	-	2,066
Non Current Liabilities Total	6,320	5,943	7,912	10,037	3,555	1,479	1,890	319	299	31	30	-	-	924
Non Currrent Assets Other	-	4,178	2,086	-	-	2,131	2	1,043	501	391	126	-	-	-
Other Assets	-	-	2,086	-	-	51	-	1,043	501	391	-	-	-	-
Other Current Assets	37	50	38	42	117	309	480	230	55	43	157	-	-	88
Other Current Liab	688	650	1,301	1,708	1,338	1,872	1,633	1,050	1,062	939	596	-	-	452
Other Liab	-	-	6,592	8,591	1,903	1,432	1,843	271	267	-	-	-	-	-
Other Stockholder Equity	11,948	16,817	13,569	10,123	2,455	2,297	2,016	1,548	1,491	1,392	1,297	-	-	739
Property Plant And Equipment Gross	-	-	-	-	-	-	-	2,154	-	-	-	-	-	-
Property Plant And Equipment Net	3,666	5,841	3,655	3,930	3,982	41	2,108	2,154	2,125	2,100	2,006	-	-	2,066
Property Plant Equipment	-	-	5,741	3,930	3,982	2,121	2,108	2,154	2,125	2,100	-	-	-	-
Retained Earnings	-34,494	-32,774	-30,021	-26,625	-23,182	-19,901	-17,173	-15,146	-13,407	-12,522	-11,399	-	-	-8,352
Short Long Term Debt	4,267	3,942	4,082	3,698	-	-	-	698	264	-	-	-	-	-
Short Long Term Debt Total	5,792	5,507	5,647	5,403	1,800	47	47	747	296	31	30	-	-	-
Short Term Debt	4,539	4,213	4,327	3,957	148	-	-	698	264	-	-	-	-	-
Total Assets	19,882	21,847	23,903	27,184	10,365	11,765	13,924	3,593	3,593	3,366	2,749	-	-	4,370
Total Current Assets	3,279	2,917	8,301	14,066	4,884	8,117	10,346	396	967	875	617	-	-	2,304
Total Current Liabilities	5,353	5,361	6,073	7,004	1,761	2,286	1,830	3,004	2,484	1,931	1,542	-	-	1,376
Total Liab	11,672	11,304	13,985	17,041	5,315	3,765	3,720	3,323	2,783	1,962	1,572	-	-	1,376
Total Stockholder Equity	8,209	10,543	9,917	10,143	5,050	8,000	10,204	270	810	1,403	1,176	-	-	2,995

Cash Flow

Currency in USD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Begin Period Cash Flow	7,775	653	2,159	79	0
Capital Expenditures	660	1,007	172	1,302	31
Change In Cash	-5,506	7,122	-1,505	2,080	79
Change In Working Capital	-174	365	351	339	147
Change To Account Receivables	-	-23	39	-11	-37
Change To Liabilities	-	662	258	367	264
Change To Netincome	-	1,129	1,009	465	1,020
Change To Operating Activities	-	-273	55	-18	-80
Depreciation	22	12	9	8	3
Dividends Paid	-	-736	-	-	-
End Period Cash Flow	2,269	7,775	653	2,159	79
Free Cash Flow	-12,739	-6,144	-2,023	-5,610	-1,605
Investments	-640	-1,007	-172	-1,302	-31
Issuance Of Capital Stock	0	15,640	0	7,940	1,721
Net Borrowings	-	-134	31	373	373
Net Income	-12,873	-6,643	-3,222	-5,119	-2,745
Other Cashflows From Financing Activities	10,365	-749	605	-409	-48
Other Non Cash Items	4	198	438	63	812
Sale Purchase Of Stock	-	-	0	-19	0
Stock Based Compensation	941	931	571	402	208
Total Cash From Financing Activities	7,560	13,405	605	7,511	1,673
Total Cash From Operating Activities	-12,079	-5,137	-1,852	-4,307	-1,574
Total Cashflows From Investing Activities	-	-1,007	-172	-1,302	-31

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Begin Period Cash Flow	2,269	7,869	1,997	4,378	7,775	9,835	157	736	653	454	908	1,285	2,159	3,764
Capital Expenditures	0	17	1	142	500	20	985	0	2	171	0	1	0	1,288
Change In Cash	463	-5,600	5,872	-2,381	-3,397	-2,059	9,677	-579	82	200	-455	-377	-874	-1,605
Change In Working Capital	-202	-56	-696	1,027	-449	445	-443	132	231	288	21	42	1	802
Change To Account Receivables	-	-	1	-25	10	-1	1	-3	3	-2	-2	9	34	-19
Change To Liabilities	-	-	-514	713	-234	452	-171	140	241	176	-	9	-	-
Change To Netincome	-	-	358	176	800	160	46	644	279	126	-	250	-	-
Change To Operating Activities	-	-	-182	339	-225	-7	-273	-5	-12	114	-	23	-	-
Depreciation	169	7	-96	53	60	5	2	3	3	2	2	2	2	2
Dividends Paid	-	-	-	-	-	736	736	-	-	-	-	-	-	-
End Period Cash Flow	2,732	2,269	7,869	1,997	4,378	7,775	9,835	157	736	653	454	908	1,285	2,159
Free Cash Flow	-2,648	-3,208	-3,831	-2,330	-3,371	-2,064	-3,203	-428	-374	-389	-447	-336	-851	-1,697
Investments	0	-17	19	-142	-500	-20	-985	0	-2	-171	0	-1	-	-
Issuance Of Capital Stock	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Net Borrowings	-	-	11,628	11,628	11,628	11,628	-750	16	600	1	-	29	-	-
Net Income	-1,720	-2,753	-3,397	-3,443	-3,281	-3,375	-1,824	-1,207	-885	-634	-973	-629	-985	-1,277
Other Cashflows From Financing Activities	4,289	-750	9,855	-35	-500	1,213	13,023	-96	469	616	1	-12	-	-19
Other Cashflows From Investing Activities	-	-	20	20	20	20	-	-	-	-	-	-	-	-
Other Non Cash Items	-1,176	-615	189	-115	545	784	-369	579	188	19	286	103	31	-1
Stock Based Compensation	281	226	169	291	255	98	416	66	90	107	217	147	100	65
Total Cash From Financing Activities	3,108	-2,260	9,855	-35	-35	478	13,023	-96	469	616	1	-12	-	-20
Total Cash From Operating Activities	-2,648	-3,191	-3,830	-2,187	-2,871	-2,044	-2,218	-428	-372	-218	-447	-336	-851	-409
Total Cashflows From Investing Activities	-	-	19	-142	-500	-20	-985	0	-2	-171	-	-1	-	-

Income Statement

Currency in USD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Cost Of Revenue	-	374	-	-	-
Depreciation And Amortization	98	-363	-132	15	3
Ebit	-13,656	-6,929	-3,328	-5,119	-2,745
Ebitda	-13,558	-7,291	-3,460	-5,104	-2,741
Gross Profit	-	-374	-	-	-
Income Before Tax	-12,873	-6,643	-3,222	-5,119	-2,745
Income Tax Expense	-3,397	-484	-248	7	-
Interest Expense	3,397	484	0	0	0
Net Income	-9,477	-6,160	-2,974	-5,126	-2,745
Net Income Applicable To Common Shares	-	-7,379	-4,170	-5,568	-2,745
Net Income From Continuing Ops	-12,873	-6,643	-3,222	-5,119	-2,745
Net Interest Income	-3,397	-484	-	-	-
Operating Income	-13,656	-6,929	-3,328	-5,119	-2,745
Other Operating Expenses	13,656	6,929	3,345	5,116	2,722
Reconciled Depreciation	22	12	9	8	3
Research Development	616	474	124	1,112	881
Selling And Marketing Expenses	387	-	-	-	-
Selling General Administrative	12,350	6,373	3,199	3,806	1,837
Total Operating Expenses	13,656	6,929	3,345	5,116	2,722
Total Other Income Expense Net	783	286	106	-4	-23
Total Revenue	0	0	0	0	0

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Cost Of Revenue	-2,822	-	3,409	4,222	81	374	-	-	-	-	-	-	-	-
Depreciation And Amortization	207	45	45	53	581	-428	616	-62	3	2	10	16	2	2
Ebit	-2,822	-3,266	-3,409	-4,222	-2,760	-2,943	-2,381	-715	-897	-886	-981	-642	-939	-1,259
Ebitda	-2,615	-3,221	-3,365	-4,169	-2,179	-3,371	-1,764	-777	-894	-884	-971	-627	-936	-1,257
Gross Profit	2,822	-	-3,409	-4,222	-81	-374	-	-	-	-	-	-	-	-
Income Before Tax	-1,720	-2,753	-3,397	-3,443	-3,281	-3,375	-1,824	-1,207	-885	-634	-973	-629	-985	-1,277
Income Tax Expense	-2,936	-1,708	-1,689	-779	2,672	1	-557	492	-12	-252	-8	-13	46	17
Interest Expense	1,872	1,708	1,689	-779	2,672	1	57	427	-	-	0	0	-	-
Net Income	1,216	-1,045	-1,708	-2,664	-5,953	-3,376	-1,266	-1,699	-872	-383	-966	-616	-1,031	-1,294
Net Income Applicable To Common Shares	-	-	-3,397	-3,443	-3,281	-2,728	-2,027	-1,739	-885	-1,123	-	-1,088	-	-
Net Income From Continuing Ops	-1,720	-2,753	-3,397	-3,443	-3,281	-2,728	-1,824	-1,207	-885	-634	-973	-629	-	-
Net Interest Income	-1,872	-1,708	-1,689	0	-	1	-57	-427	-	-	0	0	-	-
Operating Income	-2,822	-3,266	-3,409	-4,222	-2,760	-2,943	-2,381	-715	-897	-886	-981	-642	-939	-1,259
Other Operating Expenses	2,822	3,266	3,409	4,222	2,760	2,346	2,381	715	891	760	981	642	962	1,268
Reconciled Depreciation	169	7	-96	53	60	4	2	3	3	2	2	2	-	-
Research Development	36	78	111	30	397	325	117	31	30	10	1	26	88	141
Selling And Marketing Expenses	101	201	96	60	31	-	-	-	-	-	-	-	-	-
Selling General Administrative	2,444	2,914	3,140	4,036	2,260	3,038	2,262	681	857	741	978	614	867	1,080
Tax Provision	-	-	-	-	0	-	0	0	-	-	0	0	-	-
Total Operating Expenses	2,822	3,266	3,409	4,222	2,760	-2,720	2,381	715	891	760	981	642	962	1,268
Total Other Income Expense Net	1,102	513	13	779	-522	-433	557	-492	12	252	8	13	-46	-17
Total Revenue	0	0	0	0	0	0	0	0	0	0	0	0	-	-

Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue	0
Cost of Revenue	--
Gross Profit	-	0

Operating Income (+$)
Gross Profit	-
Operating Expense	-13,656
Operating Income	-13,656	-13,656

Operating Expense (+$)
Research Development	616
Selling General Administrative	12,350
Selling And Marketing Expenses	387
Operating Expense	13,656	13,353

Net Interest Income (+$)
Interest Income	-
Interest Expense	-3,397
Other Finance Cost	-0
Net Interest Income	-3,397

Pretax Income (+$)
Operating Income	-13,656
Net Interest Income	-3,397
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-12,873	-14,439 EBIT - interestExpense = -17,053 -12,873 -6,080
Interest Expense	3,397
Earnings Before Interest and Taxes (EBIT)	-13,656	-9,477
Earnings Before Interest and Taxes (EBITDA)	-13,558

After tax Income (+$)
Income Before Tax	-12,873
Tax Provision	--
Net Income From Continuing Ops	-12,873	-12,873
Net Income	-9,477
Net Income Applicable To Common Shares	-

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	13,656
Total Other Income/Expenses Net	783	3,397

Technicals of AgriFORCE Growing Systems Ltd

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

AgriFORCE Growing Systems Ltd Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of AgriFORCE Growing Systems Ltd:

AgriFORCE Growing Systems Ltd Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of AgriFORCE Growing Systems Ltd:

The ADX is .

AgriFORCE Growing Systems Ltd Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is lower than the price. The current trend is up. +2

AgriFORCE Growing Systems Ltd Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1
The RSI is below 30 and oversold. +2

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

AgriFORCE Growing Systems Ltd Daily Relative Strength Index (RSI) Chart

2.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

The Stochastic is below 50. -1
The Stochastic is below 30 and oversold. +2

AgriFORCE Growing Systems Ltd Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

AgriFORCE Growing Systems Ltd Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

AgriFORCE Growing Systems Ltd Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

AgriFORCE Growing Systems Ltd Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

AgriFORCE Growing Systems Ltd Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

AgriFORCE Growing Systems Ltd Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

AgriFORCE Growing Systems Ltd Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

AgriFORCE Growing Systems Ltd Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for AgriFORCE Growing Systems Ltd.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-25	CMO	SHORT ENTRY	LONG CLOSE	-50 crossover to downside
2023-05-26	CMO	SHORT ENTRY	LONG CLOSE	-50 crossover to downside
2023-05-31	SAR	SHORT ENTRY	LONG CLOSE	price crossed sar to downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	MFI	20 crossover to downside
2023-06-01	SAR	LONG ENTRY	SHORT CLOSE	price crossed sar to upside
2023-06-02	CMO	SHORT ENTRY	LONG CLOSE	-50 crossover to downside
	ATR	LONG ENTRY	SHORT CLOSE
	MFI	20 crossover to upside

5.2. Technical Score

Let's check the technical score of AgriFORCE Growing Systems Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	0.243
Total			0/1 (0.0%)

Create your own Symbol Scanner

Comments

Join the conversation.

AgriFORCE Growing Systems Ltd Buy, Hold or Sell?

Let's analyse AgriFORCE Growing Systems Ltd together

Get notifications about AgriFORCE Growing Systems Ltd

Quick analysis of AgriFORCE Growing Systems Ltd (30 sec.)

1. Valuation of AgriFORCE Growing Systems Ltd (5 min.)

$0.25

$0.35

2. Growth of AgriFORCE Growing Systems Ltd (5 min.)

Is AgriFORCE Growing Systems Ltd growing?

How much money is AgriFORCE Growing Systems Ltd making?

How much money comes from the company's main activities?

3. Financial Health of AgriFORCE Growing Systems Ltd (5 min.)

4. Comparing to competitors in the Farm Products industry (5 min.)

Industry Rankings (Farm Products)

Fundamentals of AgriFORCE Growing Systems Ltd

Financial Health

1.1. Profitability of AgriFORCE Growing Systems Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Farm Products)

1.1.2. Return on Assets

Trends

Compared to industry (Farm Products)

1.1.3. Return on Equity

Trends

Compared to industry (Farm Products)

1.2. Operating Efficiency of AgriFORCE Growing Systems Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Farm Products)

1.2.2. Operating Ratio

Trends

Compared to industry (Farm Products)

1.3. Liquidity of AgriFORCE Growing Systems Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Farm Products)

1.3.2. Quick Ratio

Trends

Compared to industry (Farm Products)

1.4. Solvency of AgriFORCE Growing Systems Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Farm Products)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Farm Products)

2. Market Valuation of AgriFORCE Growing Systems Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Farm Products)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Farm Products)

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Compared to industry (Farm Products)

AgriFORCE Growing Systems Ltd
Buy, Hold or Sell?