Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -86.2%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $15M | $249M | $617M | — | $1.3B | — | — |
| Enterprise Value | $301M | $535M | $1.6B | — | $1.9B | — | — |
| P/E Ratio → | -0.03 | — | — | — | 16.37 | — | — |
| P/S Ratio | 0.01 | 0.22 | 0.07 | — | 0.16 | — | — |
| P/B Ratio | — | — | 0.45 | — | 0.77 | — | — |
| P/FCF | — | — | 12.02 | — | — | — | — |
| P/OCF | — | — | 3.72 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.47 | 0.17 | — | 0.24 | — | — |
| EV / EBITDA | — | — | 8.14 | — | 3.95 | — | — |
| EV / EBIT | — | — | 6.68 | — | 2.57 | — | — |
| EV / FCF | — | — | 30.27 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 13.9% | 13.9% | 14.2% | 18.5% | 17.1% | 14.4% | 11.9% |
| Operating Margin | -23.4% | -23.4% | 0.1% | 2.4% | 4.6% | 2.6% | -2.3% |
| Net Profit Margin | -40.9% | -40.9% | -8.1% | -2.8% | 1.0% | 0.8% | -4.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -86.2% | -86.2% | -44.0% | -13.8% | 5.0% | 3.3% | -12.7% |
| ROA | -10.2% | -10.2% | -9.6% | -3.9% | 1.5% | 1.1% | -4.1% |
| ROIC | -17.4% | -17.4% | 0.4% | 6.8% | 15.0% | 8.9% | -5.1% |
| ROCE | -31.0% | -31.0% | 0.5% | 10.5% | 21.3% | 10.9% | -6.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 1.36 | 0.54 | 0.52 | 0.22 | 0.25 |
| Debt / EBITDA | — | — | 9.68 | 3.13 | 1.81 | 1.92 | — |
| Net Debt / Equity | — | — | 0.69 | 0.28 | 0.37 | -0.10 | 0.06 |
| Net Debt / EBITDA | — | — | 4.91 | 1.59 | 1.28 | -0.86 | — |
| Debt / FCF | — | — | 18.25 | 13.72 | — | -7.52 | — |
| Interest Coverage | -3.31 | -3.31 | 0.01 | 0.27 | 0.61 | 0.45 | -0.88 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.59 | 0.59 | 0.98 | 1.10 | 1.14 | 1.21 | 1.19 |
| Quick Ratio | 0.38 | 0.38 | 0.70 | 0.73 | 0.68 | 0.91 | 0.95 |
| Cash Ratio | 0.09 | 0.09 | 0.14 | 0.11 | 0.07 | 0.16 | 0.09 |
| Asset Turnover | — | 1.45 | 1.12 | 1.24 | 1.36 | 1.16 | 1.02 |
| Inventory Turnover | 4.50 | 4.50 | 4.52 | 4.08 | 3.67 | 5.14 | 5.53 |
| Days Sales Outstanding | — | 87.18 | 111.67 | 104.14 | 84.56 | 105.04 | 145.72 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.7% | — | 10.9% | — | — |
| Payout Ratio | — | — | — | — | 178.5% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 6.1% | — | — |
| FCF Yield | — | — | 8.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.7% | — | 10.9% | — | — |
| Shares Outstanding | — | $113M | $114M | $114M | $132M | $132M | $132M |
High credit delinquency exposure
According to recent financial statements, Lavoro's operating margin has deteriorated to -23.42%, reflecting a persistent inability to convert gross profits into bottom-line earnings while managing the high fixed-cost overhead associated with its aggressive acquisition-led expansion strategy across the Brazilian agricultural retail market.
The gross margin of 15.6% suggests that the company lacks significant pricing power against global input suppliers, leaving it vulnerable to commodity price fluctuations. The negative operating margin indicates that the current scale of the business is insufficient to absorb the integration costs of its acquired retail clusters.
Based on reported figures, Lavoro's ROIC has trended downward to 0.4% in 2025Q1, a sharp decline from the 9.7% peak observed in 2023Q2, which suggests that the company's capital allocation strategy is currently failing to generate returns that exceed the cost of its debt financing.
The volatility in ROIC highlights the difficulty of integrating disparate family-owned retailers into a unified platform. Investors should monitor whether the company can improve asset utilization, as the current trend indicates that capital is being deployed into projects that are not yet accretive to shareholder value.
As reported in quarterly filings, Lavoro's cash conversion cycle reached 170 days in 2025Q1, driven by an extended days sales outstanding of 606 days, which underscores the significant liquidity risk inherent in the company's model of financing farmer purchases through extended credit terms.
The high DSO relative to historical levels suggests that the company is struggling to collect payments from its customer base, likely due to the current downturn in the Brazilian agricultural cycle. This inefficiency forces the company to rely on external financing to bridge the gap between input procurement and final cash collection.
Based on recent balance sheet data, Lavoro's debt-to-equity ratio has climbed to 1.72, indicating that the company is increasingly reliant on leverage to fund its operations, which warrants further investigation into its ability to service interest obligations during periods of negative operating cash flow.
The interest coverage ratio of 0.06 in 2025Q1 suggests that the company is barely generating enough operating profit to cover its interest expenses. This precarious position leaves little room for error if the Brazilian agricultural sector experiences further volatility or if credit markets tighten.
Investors frequently misapply standard retail P/S multiples to Lavoro, which obscures the reality that the company functions more as a high-risk credit provider than a traditional merchant, thereby ignoring the significant hidden liabilities associated with its extensive barter-based accounts receivable portfolio.
Using P/S ratios fails to account for the quality of revenue, which is heavily influenced by the creditworthiness of the underlying farmer base. A more appropriate metric would be an adjusted EV/EBITDA that accounts for the cost of credit risk and the potential for inventory write-downs in a falling commodity price environment.
Includes 30+ ratios · 6 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LVRO stock.
Lavoro Limited's current P/E ratio is -0.0x. The historical average is 16.4x.
Lavoro Limited's return on equity (ROE) is -86.2%. The historical average is -24.7%.
Based on historical data, Lavoro Limited is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
Lavoro Limited has 13.9% gross margin and -23.4% operating margin.