Core Points - Admiral Group Plc has communicated to its shareholders the option to receive electronic communications instead of hard copy shareholder information [1] - The letter regarding this option was posted on 28 February 2025 and is available for inspection at the National Storage Mechanism [1] - Shareholders can also view the letter on the Investor Relations section of the Company's website [1]

Core Viewpoint - The article emphasizes the importance of long-term stock valuation strategies over short-term price movements, which are often influenced by market sentiment and narratives rather than fundamental performance [2]. Group 1: Investment Strategies - The Cyclical Investor's Club (CIC) focuses on All-Weather-Growth strategies that are designed to be sensitive to economic and market cycles while aiming for long-term growth [2]. - The CIC strategies aim to reduce the risk of losses without compromising medium and long-term portfolio returns [2]. Group 2: Market Dynamics - Short-term stock price movements are primarily driven by stories, sentiment, and the trajectory of revenue and earnings, rather than true long-term fundamentals [2].

Core Insights - The article introduces Alexandru Draghici as a new contributing analyst for Seeking Alpha, inviting others to share investment ideas for publication and potential earnings [1] Company and Industry Summary - The analyst expresses a focus on identifying undervalued opportunities in simple, stable businesses, emphasizing that historical performance is a reliable indicator of future results [2] - The article highlights the analyst's beneficial long position in ADM shares, indicating a personal investment interest in the company [3]

Financial Performance - Revenues for the year ended December 31, 2024, were $85,530 million, a decrease of 8.5% from $93,935 million in 2023[342] - Gross profit decreased to $5,778 million in 2024 from $7,513 million in 2023, reflecting a decline of 23.1%[342] - Net earnings attributable to controlling interests fell to $1,800 million in 2024, down 48.3% from $3,483 million in 2023[342] - The company reported a comprehensive income of $1,278 million in 2024, down from $3,485 million in 2023, indicating a decline of 63.3%[344] - Net earnings for 2024 were $1,779 million, a decrease of 48.7% from $3,466 million in 2023[350] - Net cash provided by operating activities decreased to $2,790 million in 2024 from $4,460 million in 2023, representing a decline of 37.5%[350] - The Company reported a closing balance of redeemable non-controlling interests of $253 million as of December 31, 2024, down from $320 million in 2023[417] - The Company’s net earnings for 2024 were $2.036 billion, down 17% from $2.452 billion in 2023[501] Assets and Liabilities - Total assets decreased to $53,271 million in 2024 from $54,631 million in 2023, reflecting a reduction of 2.5%[348] - The fair value of long-term debt decreased to $7,055 million in 2024 from $8,557 million in 2023, with a market risk of $271 million due to increased corporate bond interest rates[337] - The fair value of total assets as of December 31, 2024, was $10.066 billion, compared to $10.104 billion in 2023, indicating a slight decrease[1] - The fair value of total liabilities as of December 31, 2024, was $1.714 billion, down from $2.421 billion in 2023, showing a significant reduction[1] - The total long-term debt, including current maturities, was $8.254 billion as of December 31, 2024, slightly down from $8.260 billion in 2023[514] - The fair value of the Company's long-term debt, excluding current portion, was estimated at $7.1 billion as of December 31, 2024[515] Cash Flow and Investments - Cash and cash equivalents decreased to $611 million in 2024 from $1,368 million in 2023, a decline of 55.3%[348] - Net cash used in investing activities rose to $2,702 million in 2024 compared to $1,496 million in 2023, indicating an increase of 80.8%[350] - The total cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of 2024 was $3,924 million, down from $5,390 million in 2023, a decrease of 27.3%[350] - The Company had $13.0 billion in lines of credit as of December 31, 2024, with $9.1 billion unused[518] - The Company utilized $2.0 billion of its $2.8 billion accounts receivable securitization program as of December 31, 2024[520] Expenses and Costs - The company incurred asset impairment, exit, and restructuring costs of $545 million in 2024, compared to $342 million in 2023[342] - Research and development costs for the year ended December 31, 2024, were $269 million, an increase from $256 million in 2023 and $216 million in 2022[410] - Aggregate amortization expense for intangible assets was $266 million in 2024, an increase from $234 million in 2023[513] - Total compensation expense for stock option grants and related awards was $74 million in 2024, a decrease from $112 million in 2023[523] Acquisitions and Goodwill - The company acquired Revela Foods, Fuerst Day Lawson, PT Trouw Nutrition Indonesia, and Totally Natural Solutions for a total cash consideration of $948 million in 2024[1] - Goodwill recorded from acquisitions amounted to $557 million, with $373 million expected to be tax-deductible[1] - The Company recorded a goodwill impairment charge of $137 million in 2023, primarily related to the Animal Nutrition reporting unit[509] Market and Risk Management - The company has established metrics to monitor market risk exposure, including volumetric limits and value-at-risk (VaR) limits, with VaR calculations monitored weekly[332] - The average position for commodity risk showed a fair value of $168 million in 2024, with a market risk of $17 million from a hypothetical 10% adverse price change[333] - The Company hedged between 12% and 31% of its monthly corn grind over the past 12 months, with designated hedges representing between 9% to 26% of anticipated monthly grind for the next 12 months as of December 31, 2024[478] - The company hedged between 41% and 74% of its anticipated monthly natural gas consumption over the past 12 months, with designated hedges representing between 35% and 50% for the next 12 months as of December 31, 2024[480] Stock and Dividends - Share repurchases amounted to $2,327 million in 2024, down from $2,673 million in 2023, a reduction of 12.9%[350] - Cash dividends paid increased to $985 million in 2024, compared to $977 million in 2023, marking a rise of 0.8%[350] Other Financial Metrics - The Company recorded bad debt expense of $(16) million, $6 million, and $88 million for the years ended December 31, 2024, 2023, and 2022, respectively[372] - The closing balance for estimated uncollectible accounts decreased to $167 million in 2024 from $215 million in 2023[373] - Total inventories as of December 31, 2024, were $11,572 million, a decrease from $11,957 million in 2023[375] - The Company capitalized interest on major construction projects in progress of $32 million for both 2024 and 2023[395]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The service offers a free two-week trial for potential investors to explore exclusive income-focused portfolios [1] Group 2 - The author emphasizes a cautious approach towards overvalued stocks, suggesting that opportunities will arise when market conditions change [2] - The investment strategy is centered on defensive stocks with a medium- to long-term investment horizon [2]

Group 1 - Over 60% of the Fortune 500 Industry Leaders (F500IL) are considered too expensive or have low dividends [1] - Three of the ten lowest priced F500IL are identified as potential buying opportunities [1]

Core Viewpoint - Archer Daniels Midland (ADM) has experienced significant selling pressure, resulting in a 6.8% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating potential for recovery [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for ADM is currently at 29.57, suggesting that the stock is in oversold territory and may be poised for a rebound as selling pressure exhausts [5]. - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with readings below 30 typically indicating oversold conditions [2][3]. Group 2: Fundamental Indicators - There has been a consensus among sell-side analysts to raise earnings estimates for ADM, resulting in a 0.5% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6]. - ADM holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7].

Core Insights - Archer Daniels Midland (ADM) ranks in the top 25% of dividend stocks according to the DividendRank formula, indicating strong fundamentals and attractive valuation for investors [1] - ADM shares entered oversold territory with a Relative Strength Index (RSI) of 28.2, suggesting potential buying opportunities as the stock may be undervalued [2][3] - The recent annualized dividend of $2.04 per share translates to a yield of 4.30% based on a share price of $47.49, making it appealing for dividend investors [3] Group 1 - The DividendRank formula identifies stocks with strong fundamentals and inexpensive valuations, placing ADM among the most interesting investment ideas [1] - The RSI reading of 28.2 indicates that ADM is in oversold territory, which is defined as an RSI below 30, suggesting a potential rebound [2][3] - A lower stock price enhances the opportunity for dividend investors to achieve higher yields, as seen with ADM's current yield of 4.30% [3] Group 2 - The heavy selling pressure reflected in the low RSI may be nearing exhaustion, prompting bullish investors to seek entry points for buying [4] - Investigating ADM's dividend history is crucial for investors to assess the likelihood of continued dividend payments [4]

Shares of Archer-Daniels-Midland (ADM -5.06%) were moving lower Tuesday after the agricultural giant posted disappointing results in its fourth-quarter earnings report.As of 10:37 a.m. ET, the stock was down 2.8% on the news. ADM comes up shortTracking with big food peers such as ConAgra, ADM came up short in the quarter, blaming softer market conditions. Revenue in the quarter fell 6.5% to $21.5 billion, which missed estimates at $22.77 billion. In its processing business, which includes oilseeds and corn, ...

Archer Daniels Midland Company (ADM) posted mixed fourth-quarter 2024 results, wherein the bottom line beat the Zacks Consensus Estimate but the top line missed. Both metrics declined on a year-over-year basis.Adjusted earnings of $1.14 per share surpassed the Zacks Consensus Estimate of $1.07. However, the figure decreased from earnings of $1.36 per share in the year-ago quarter. On a reported basis, Archer Daniels’ earnings were $1.17 per share, up 10.4% from the year-ago quarter’s $1.06.Stay up-to-date w ...