Alico Inc. Common Stock (ALCO)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for understandable businesses with durable earning power and a margin of safety. Alico is understandable enough: it owns and manages Florida farmland, pasture, grazing and hunting leases, conservation land, and rock mining royalties. But the financial record is erratic. In fiscal 2025, the year ended 2025-09-30, the company reported revenue of $44.1 million and a net loss of $147.3 million, or $19.29 per diluted share. That followed fiscal 2024 net income of $7.0 million, or $0.91 per diluted share, and fiscal 2023 net income of $1.8 million, or $0.24 per diluted share. The latest filed quarter, fiscal Q3 2026 ended 2026-06-30, showed revenue of $9.0 million and net income of $2.1 million, or $0.29 per diluted share. That is an improvement, but one quarter cannot offset a large annual loss. FairStock classifies Alico as a TURNAROUND—loss in the latest year after earlier profits. At the $38.25 close on 2026-10-13, the market cap is $283.8 million. The FairStock-calculated P/E is 182.14, P/B is 2.71, and the Graham Number is $8.17, leaving a margin of safety of -368.18%. Trailing free cash flow is negative $3.6 million, while return on equity is 0.68% and return on capital employed is -4.45%. There may be hidden value in land and royalties, but current earnings and cash flow do not support the price. I would need to see sustainable positive cash generation before calling this a bargain.

In plain English: Alico owns and manages farmland and pastureland in Florida, making money from leases, hunting, grazing, and rock royalties. The business has been very uneven: a huge loss in fiscal 2025 was followed by some profitable quarters, but it still is not producing spare cash after expenses. At $38.25, the stock looks expensive compared with what its profits and assets suggest.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer