Archer-Daniels-Midland Co (ADM)

Fats & Oils

Latest Price

$79.38

TTM P/E

21.69

Normalized P/E

15.79

Div Yield

2.59%

Book Value

48.93

P/B Ratio

1.62

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

+12% upside

EPS: $2.23

Target P/E: 16×

Formula: EPS × P/E

P/E Fair Value

$35.68

55% downside

89.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
State Farm Mutual Automobile Insurance Co	46.80M	$3.58B	9.65%	--	2026-06-30
BlackRock, Inc.	44.62M	$3.41B	9.20%	+1.76M	2026-06-30
State Street Corp	33.64M	$2.57B	6.94%	-26.7K	2026-06-30
Vanguard Capital Management LLC	31.49M	$2.40B	6.49%	+251.1K	2026-06-30
Vanguard Portfolio Management LLC	26.92M	$2.06B	5.55%	+875.2K	2026-06-30
Wellington Management Group LLP	17.67M	$1.35B	3.64%	+382.5K	2026-06-30
Charles Schwab Investment Management Inc	16.62M	$1.27B	3.43%	+1.31M	2026-06-30
Sixth Street Partners Management Company, L.P.	16.62M	$1.27B	3.43%	--	2026-06-30
Dodge & Cox	14.18M	$1.08B	2.92%	-1.57M	2026-06-30
Geode Capital Management, LLC	13.31M	$1.01B	2.74%	+271.3K	2026-06-30