ALCO Nasdaq Earnings call
ALICO, Inc. (ALCO) · Q2 2026 results and valuation
Share price: $37.38 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · fiscal Q3 2026 · published 11 Aug 2026 and 12 May 2026
Net income down 81.3% on the previous quarter. Management sounded cautious, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−81.3%
Net income vs Q1 2026
Outlook given
Net income 2.1M vs 11.4M
Revenue +69.3%
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: cautious, in line with the script.
Similar to last call.
3 · What stood out
Key theme
The transaction validates the land monetization strategy by securing recurring contracted lease income and establishing a $9,000 per acre price that…
Valuation
Is ALICO, Inc. undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-09-30), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −20.0% growth a year (3-year revenue growth), the model's fair value is $2.50 a share — the stock trades 1392% above it. Today's price assumes 8.3% growth a year.
Current price
$37.38
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+8.3% for 10 yrs
Fair value / share
$2.50
Buy below
$1.88
Price vs fair value
Overvalued >200%
Price vs buy-below price
Overvalued >200%
Read between the lines
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Guidance
ALCO updated its outlook to expect adjusted EBITDA of approximately $15 million and ending the fiscal year with approximately $48 million of cash and net debt.
Source quote
“We now expect adjusted EBITDA of approximately $15 million, and we now expect to end the fiscal year with approximately $48 million of cash and net debt of approximately...”
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Figure
Land management and other operations revenue increased 113% in the quarter due to farm lease and Sod revenue as the company shifts operations.
Source quote
“Land management and other operations revenue increased 113% in the quarter, driven by farm lease and Sod revenue as we shift...”
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Fading
The Collier County approval represents meaningful progress as the company is positioned to advance through remaining permitting processes with resources from its balance sheet and diversified agricultural operations.
Source quote
“The Collier County approval represents meaningful progress, and we're positioned to advance through the remaining permitting processes. The foundation is in place. Our balance sheet and revenues from diversified agricultural operations provide the resources to execute our strategy.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“The improvement was principally the result of the completion in April this quarter of the accelerated depreciation on our citrus trees that we recorded in the prior year period, combined...”
“Combined with our regular common dividend, we continue to return meaningful capital to shareholders this year while still building cash, which speaks to the strength of the cash flow the...”
“That decline is not a reflection of weaker performance this quarter.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 9.0M | 5.3M | +69.3% | 8.4M | +7.7% |
| Gross profit | 4.0M | -4.6M | Turned profit | -28.1M | Turned profit |
| Operating income | 1.9M | -7.8M | Turned profit | -25.4M | Turned profit |
| Net income | 2.1M | 11.4M | −81.3% | -18.3M | Turned profit |
| EPS | 0.29 | 1.49 | −80.5% | -2.39 | Turned profit |
| P/E today 182.8 | 197.0 | 12-mo loss | — | 12-mo loss | — |
Topics
Most discussed now
- New The fourth quarter will be about much lower on a run rate basis of revenue.
- If you've not had a chance to view the release, it's available on the Investor Relations portion of the company's...
- ALICO ended the quarter with $55.6 million in cash and cash equivalents, up $17.5 million since fiscal year-end, its strongest...
- For the 3 months ended June 30, 2026, ALICO reported total revenue of $9 million compared to $8.4 million in...
- ALICO will continue to disclose revenue by activity on the face of the income statement for comparability, but it will...
Faded since Q1 2026
- Dropped ALICO's land portfolio continues to attract qualified buyers seeking prime agricultural and development-ready properties across Southwest…
- Dropped I know it may be a little bit early for that question, but I figured to ask it.
- Dropped ALICO reserves the right to actually partner with these homebuilders at the same time where it would get a little...
- Dropped Beg your indulgence, but when ALICO comes out with its revised investment presentation next week, it should have a detailed...
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K
- Material agreement · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K