Agribusiness ETF (MOO) Stock Holdings

With many agribusiness stocks continuing to soar, below we highlight the current and expected valuations of the companies that make up the Market Vectors Agribusiness ETF (MOO). 

Most of the stocks that are up the most this year are the ones with the highest trailing P/E ratios.  Potash (POT) is up 63% and has a P/E ratio of 54.22.  Mosaic (MOS) is up 67% and has a P/E of 52.  And Monsanto (MON) is up 28% with a P/E of 47. 

Not all stocks that make up the ETF have high valuations, however.  CF Industries (CF) is up 52% year to date but has a relatively low P/E of 20.  While down 15% this year, Deere (DE) has a P/E of 16.78.

But stock prices really move based on forward expectations, and since earnings expectations for these companies in the future are high, their estimated P/E ratios for next year are much lower.  POT and MOS both have very high trailing P/Es, but their estimated P/Es are 13.6 and 12.8 respectively.  The one that might be the most overvalued based on estimated P/Es is Monsanto (MON) at 33.87.

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Comments

[MyMoneyMD:]

The authors aren't giving their point of view outright, but it clearly must be that they think Moo is a good play.

Am I the only one that can't quickly interpret what the % change yearly is referring to?

2008 Jun 18 04:31 PM

[Uncle Foobar:]

% change = YTD stock price change

2008 Jun 18 09:45 PM

[tessant:]

man did i miss the boat on this one.
ughh!

scott

2008 Jun 18 10:09 PM

[blackbody:]

the sloshing chunk of leveraged money is rocking the economic ship side to side ... Captain Bernanke says stay the course, damn the iceberg. According to all the advanced models he has, the iceberg can't possibly sink the massive ship.

2008 Jun 18 10:18 PM

[mslasky:]

Malthus' theories have finally come to fruition. Humanity has shown itself to be just like any other "animal population" - it expands to fit the food supply. Technical innovation not-with-standing, there is a maximum food production limit - the only argument is exactly when and exactly when.

2008 Jun 19 03:55 AM

[smartmove:]

What is the date of the above holdings? Where is SYT in the holdings chart/table above. Last I checked it was one of the MOO's top holdings? .....and done pretty well!

2008 Jun 19 08:16 AM

[oilsands:]

Good to see the breakout of companies, even if it may be incomplete.

2008 Jun 19 11:19 AM

[oroloco:]

Would have been helpful to have % of holdings shown for each stock plus net YTD of all holdings.

2008 Jun 19 09:46 PM

[yelcamino65:]

Not sure how current or accurate this is. On the Yahoo! top 10 holdings, which make up 64% of the total, the following companies and their percents of the total are not included in this list: IOI (4.55); Komatsu (4.97); Syngenta (7.57); Wilmar (5.4); and Yara (5.25). That's almost 28% of the the total holdings. Only about 36% of the total holdings (POT,MOS,DE,BG,MON) are included, which means that of all the companies listed, the remaining 18 account for the remaining 36%. There is a disconnect. Maybe they only included the domestic holdings, as all five omitted are foreign.


On Jun 19 09:46 PM oroloco wrote:

> Would have been helpful to have % of holdings shown for each stock
> plus net YTD of all holdings.

2008 Jun 19 11:38 PM