KSG Agro S.A. (KSG.WA)

KSG Agro S.A. (KSG.WA) — VMCI valuation read

Headline read on KSG.WA: VMCI of 50/100 versus a Consumer Defensive sector median of 50. The 0-point below-median position is what makes KSG Agro S.A. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on KSG.WA: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on KSG.WA: value (KSG.WA trades at 17.0x earnings, 6% below the Consumer Defensive median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Consumer Defensive median (10.0%)), and risk (net debt to EBITDA of 1.0x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Defensive 12.0x baseline.

KSG.WA rose 0.2% over the trailing 7 days, with a -19.4% read on a 30-day basis.