Archer-Daniels-Midland Co (ADM)

Fats & Oils

Latest Price

$79.27

TTM P/E

35.39

Normalized P/E

16.41

Div Yield

2.59%

Book Value

47.13

P/B Ratio

1.68

Valuation metrics

Norm. op. income: $3.0B (median of 7yr)

Tax rate: 17%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$35.75

55% downside

Base FCF: $3.0B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$89.22

+13% upside

EPS: $2.23

Target P/E: 16×

Formula: EPS × P/E

P/E Fair Value

$35.68

55% downside

81.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	46.80M	$3.40B	9.67%	--	2026-03-31
BlackRock, Inc.	42.86M	$3.12B	8.86%	-2.99M	2026-03-31
STATE STREET CORP	33.67M	$2.45B	6.96%	-731.2K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	31.24M	$2.27B	6.45%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	26.04M	$1.89B	5.38%	--	2026-03-31
WELLINGTON MANAGEMENT GROUP LLP	17.29M	$1.26B	3.57%	-8.90M	2026-03-31
Dodge & Cox	15.76M	$1.15B	3.26%	-1.33M	2026-03-31
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	15.31M	$1.11B	3.16%	-3.52M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	13.04M	$944.0M	2.69%	+409.6K	2026-03-31
NORTHERN TRUST CORP	12.09M	$878.0M	2.50%	+660.3K	2026-03-31