Agroz (AGRZ)
Market Price (3/29/2026): $0.52 | Market Cap: $-Sector: Consumer Staples | Industry: Agricultural Products & Services
Agroz (AGRZ)
Market Price (3/29/2026): $0.52Market Cap: $-Sector: Consumer StaplesIndustry: Agricultural Products & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Sustainable Agriculture. Themes include Precision Agriculture, Agricultural Water Management, and Sustainable Crop Production. | Weak multi-year price returns2Y Excs Rtn is -105%, 3Y Excs Rtn is -145% | Penny stockMkt Price is 0.5 |
| High stock price volatilityVol 12M is 315% | ||
| Key risksAGRZ key risks include [1] declining margins and an inability to effectively scale, Show more. |
| Megatrend and thematic driversMegatrends include Sustainable Agriculture. Themes include Precision Agriculture, Agricultural Water Management, and Sustainable Crop Production. |
| Weak multi-year price returns2Y Excs Rtn is -105%, 3Y Excs Rtn is -145% |
| Penny stockMkt Price is 0.5 |
| High stock price volatilityVol 12M is 315% |
| Key risksAGRZ key risks include [1] declining margins and an inability to effectively scale, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Nasdaq Minimum Bid Price Deficiency Signaled Financial Instability.
On February 24, 2026, Agroz Inc. received a notification from Nasdaq due to its ordinary shares trading below the minimum $1.00 bid price requirement for 30 consecutive business days. The company has until August 17, 2026, to regain compliance, facing potential delisting if it fails to do so, which negatively impacted investor confidence.
2. Weak Initial Public Offering (IPO) Performance and Modest Capital Raise.
Agroz's IPO on October 1, 2025, priced at $4.00 per share, but the stock immediately fell 22% on its Nasdaq debut, followed by an additional 8.7% drop on the next trading day, closing at $2.85 by October 3, 2025. The $5 million raised from the IPO was considered modest by some analysts, potentially limiting the company's near-term expansion capabilities compared to competitors in the vertical farming sector.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| AGRZ | -87.7% | |
| Market (SPY) | -5.3% | -7.3% |
| Sector (XLP) | 3.9% | -3.5% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| AGRZ | ||
| Market (SPY) | 0.6% | -3.9% |
| Sector (XLP) | 2.8% | -0.9% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| AGRZ | ||
| Market (SPY) | 9.8% | -3.9% |
| Sector (XLP) | 1.1% | -0.9% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| AGRZ | ||
| Market (SPY) | 69.4% | -3.9% |
| Sector (XLP) | 23.1% | -0.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AGRZ Return | - | - | - | - | -75% | -31% | -83% |
| Peers Return | 19% | 4% | 13% | -9% | -18% | 13% | 18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| AGRZ Win Rate | - | - | - | - | 67% | 33% | |
| Peers Win Rate | 56% | 54% | 50% | 46% | 47% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| AGRZ Max Drawdown | - | - | - | - | -75% | -56% | |
| Peers Max Drawdown | -5% | -22% | -14% | -19% | -36% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BG, DAR, LMNR, AFRI, AGRZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
AGRZ has limited trading history. Below is the Consumer Staples sector ETF (XLP) in its place.
| Event | XLP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -17.5% | -25.4% |
| % Gain to Breakeven | 21.2% | 34.1% |
| Time to Breakeven | 682 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -24.9% | -33.9% |
| % Gain to Breakeven | 33.2% | 51.3% |
| Time to Breakeven | 154 days | 148 days |
| 2018 Correction | ||
| % Loss | -16.6% | -19.8% |
| % Gain to Breakeven | 19.9% | 24.7% |
| Time to Breakeven | 404 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -33.4% | -56.8% |
| % Gain to Breakeven | 50.2% | 131.3% |
| Time to Breakeven | 605 days | 1,480 days |
Compare to BG, DAR, LMNR, AFRI, AGRZ
In The Past
SPDR Select Sector Fund's stock fell -17.5% during the 2022 Inflation Shock from a high on 4/20/2022. A -17.5% loss requires a 21.2% gain to breakeven.
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About Agroz (AGRZ)
AI Analysis | Feedback
Agroz is like:
- Tesla for vertical farming: an integrated AgTech company that designs and builds cutting-edge indoor farms with proprietary software, operates them, and sells fresh produce directly.
- AWS for agriculture: building advanced indoor vertical farms (the 'data centers'), providing a proprietary operating system (the 'cloud platform') for farming, and offering farm management services to clients.
AI Analysis | Feedback
- Designing and/or Constructing Indoor CEA Vertical Farms: Agroz provides comprehensive services for planning, designing, building, and implementing indoor controlled environment agriculture (CEA) vertical farms, including their proprietary Agroz OS.
- Operating and Managing Indoor CEA Vertical Farms: Agroz offers ongoing operational and management services for clients' CEA vertical farms, utilizing their intellectual property including Agroz OS and standard operating procedures.
- Sale of CEA Vertical Farms: Agroz sells fully operational and optimized controlled environment agriculture (CEA) vertical farms, each integrated with their Agroz OS.
- Sale of Fresh Produce: Agroz generates revenue from selling fresh, pesticide-free vegetables grown in their own CEA vertical farms and from produce sourced from clients or other suppliers.
AI Analysis | Feedback
Agroz primarily sells to other companies. Its major identified customers are:- AEON Co. (M) Berhad (Symbol: 6599.KL) - a large supermarket brand retailer for fresh produce.
- Village Grocer - a large supermarket brand retailer for fresh produce.
AI Analysis | Feedback
- Microsoft (MSFT)
- Intuit (INTU)
- Child’s Partner (M) Sdn. Bhd
- AEON Co. (M) Berhad (6599.KL)
AI Analysis | Feedback
Gerard Kim Meng Lim, Chief Executive Officer and Director
Gerard Kim Meng Lim is an established technopreneur with over 28 years of experience in the technology, media, and telecommunications sector. He has a proven track record of leading, managing, and building various businesses, including implementing digital transformation initiatives and delivering e-solutions for governments, corporations, and multinational companies globally. Mr. Lim founded Agroz Group, Agroz's direct operating subsidiary, in late 2020. Before Agroz, he served as Chief Digital Officer at the Malaysian Communications and Multimedia Commission from January 2019 to August 2020, where he oversaw the transition from analog to digital television and demonstrated 5G applications. Mr. Lim has also served as an independent non-executive director of Allianz Malaysia Berhad since January 2021. He has successfully grown businesses into multi-million dollar ventures and exited two ventures through trade sales to public listed companies on the Sweden and London Stock Exchange, achieving over 20x Return On Investment for shareholders.
Nur Elliyana Mahani, Chief Financial Officer
Nur Elliyana Mahani was appointed as the Chief Financial Officer of Agroz Inc. on November 18, 2025.
Adrian Lee Wee, Chief Technology Officer
Adrian Lee Wee has served as the Chief Technology Officer since January 2024. He brings over 20 years of experience in the technology industry. Mr. Lee began his career at Microsoft from 2000 to 2006, where he worked as a Search Editor and later as an Information Services Manager, responsible for managing Microsoft's marketing strategy for MSN across Southeast Asian markets. He co-founded and served as CEO of the Indonesian division and CTO of the Southeast Asian division at Grey Group. Additionally, Mr. Lee founded Braiven, an orchestration platform that aims to bridge computer vision AI and the Internet of Things (IoT) across various industries, where he currently serves as CTO.
AI Analysis | Feedback
Key Risks to Agroz (AGRZ)
- Risk of Non-Renewal or Unfavorable Terms for the EduFarm Lease: Agroz operates a significant 5,239 square foot educational vertical farm ("EduFarm") at the AEON Mall Alpha Angle, which is recognized as the largest indoor vertical farm in a Malaysian shopping mall and is myGAP.PF certified. This farm is crucial for generating revenue from operations and management services, selling fresh produce, and enhancing brand recognition. The current lease for this facility is set to expire on April 30, 2026. The continuation of operations at this key location is contingent upon Agroz requesting an extension and AEON granting it. Failure to secure an extension or facing significantly less favorable lease terms could materially impact Agroz's operations, revenue streams, and market position.
- Risk Related to the Development and Integration of Agroz OS Advanced Features: Agroz's proprietary operating system, Agroz OS, is central to its value proposition for designing, constructing, and managing CEA vertical farms. While digitally automated hardware and basic communication software are currently implemented, the company envisions and expects to integrate more advanced components, such as an AI agent system for autonomous actions, a proprietary Agroz ERP, and financial accounting solutions supported by Intuit Quickbooks, in 2025. As of the date of the prospectus, these advanced software solutions are not yet fully implemented. There is an inherent risk that the successful development, integration, and full deployment of these critical components may be delayed or not fully realized, which could impact Agroz's ability to achieve projected efficiencies, deliver on its comprehensive farm solutions, and maintain a competitive edge.
AI Analysis | Feedback
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AI Analysis | Feedback
Addressable Markets for Agroz (AGRZ)
Agroz operates in several addressable markets related to agricultural technology (AgTech), vertical farming, and fresh produce. The key markets for its products and services are primarily within Malaysia and the broader Southeast Asian region.
Designing and/or Constructing Indoor Controlled Environment Agriculture (CEA) Vertical Farms & Selling CEA Vertical Farms
- The vertical farming market in Malaysia was valued at approximately USD 71.40 billion in 2024. This market is projected to expand significantly, reaching an estimated USD 349.88 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 36.01% from 2025 to 2032.
Operating and Managing Indoor CEA Vertical Farms
- The AgTech market in Malaysia was valued at approximately USD 25 billion in 2024. It is anticipated to grow at a CAGR of 12–14% between 2025 and 2030.
- For the wider Southeast Asia region, the agritech market size is projected to range between USD 24 billion and USD 48 billion by the year 2030.
Selling Fresh Produce
- The gross production value of the domestic vegetable market in Malaysia is projected to reach approximately US$984.02 million in 2025. This market is expected to experience a steady annual growth rate of 2.64%, potentially reaching US$1.09 billion by 2029.
AI Analysis | Feedback
Agroz (AGRZ) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and expansions:
- Expansion of Agroz OS Capabilities and Integration: The full integration of an AI agent system, proprietary Agroz ERP, and financial accounting/bookkeeping software into the Agroz OS, expected by 2025, will significantly enhance the company's technological offering. This advanced operating system is designed to improve farm productivity, boost yield, and enhance produce quality, making Agroz's solutions more attractive to potential clients for farm design, construction, and management, thereby driving revenue.
- Increase in Design, Construction, and Sale of CEA Vertical Farms: As Agroz continues to refine its Agroz OS and successfully operates its own vertical farms, the company anticipates an increase in demand for its comprehensive CEA vertical farm solutions. Selling fully operational and optimized CEA vertical farms, each including the Agroz OS, represents a direct revenue stream that is expected to grow as their reputation and demonstrated capabilities expand.
- Expansion of Farm Operation and Management Services: Having initiated revenue generation from farm operation and management services in fiscal year 2024 and currently managing two CEA vertical farms, Agroz is positioned to grow this service offering. The recognition of its EduFarm as the largest indoor vertical farm in a Malaysian shopping mall and its myGAP.PF certification for pesticide-free produce can bolster its credibility, leading to more clients opting for Agroz to operate and manage their vertical farms.
- Increased Sales and Distribution of Fresh Produce: Agroz's ability to grow 50 different crops and currently offer 21 varieties for sale, coupled with its expanding distribution network to major retailers like AEON and Village Grocer, points to continued growth in fresh produce sales. Scaling production from its operated farms and broadening distribution channels will contribute to higher revenue from direct produce sales.
AI Analysis | Feedback
nullTrade Ideas
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| 02272026 | BRBR | BellRing Brands | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
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| 02132026 | KMB | Kimberly-Clark | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.9% | 1.9% | -1.7% |
| 02062026 | AVO | Mission Produce | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.1% | 1.1% | -2.7% |
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.59 |
| Mkt Cap | 9.4 |
| Rev LTM | 6,136 |
| Op Inc LTM | 414 |
| FCF LTM | -17 |
| FCF 3Y Avg | 509 |
| CFO LTM | 844 |
| CFO 3Y Avg | 933 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | -1.5% |
| Rev Chg Q | 20.6% |
| QoQ Delta Rev Chg LTM | 5.0% |
| Op Mgn LTM | 1.8% |
| Op Mgn 3Y Avg | 3.4% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 1.2% |
| CFO/Rev 3Y Avg | 3.4% |
| FCF/Rev LTM | -1.2% |
| FCF/Rev 3Y Avg | 1.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.4 |
| P/S | 1.5 |
| P/EBIT | 14.2 |
| P/E | 30.6 |
| P/CFO | 8.9 |
| Total Yield | 0.7% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 4.9% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.8% |
| 3M Rtn | 6.7% |
| 6M Rtn | 6.3% |
| 12M Rtn | 10.8% |
| 3Y Rtn | -13.6% |
| 1M Excs Rtn | 15.7% |
| 3M Excs Rtn | 14.1% |
| 6M Excs Rtn | 12.9% |
| 12M Excs Rtn | -1.4% |
| 3Y Excs Rtn | -73.3% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Agricultural Products & Services Resources |
| AgFunder Network Partners |
| The Packer |
| CropLife |
| Agri-Pulse |
| USDA Data |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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