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Origin Agritech LTD (SEED) stock

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NASDAQ: SEED Nasdaq Fertilizers & Agricultural Chemicals

E Fundamentals grade

Origin Agritech LTD is a US-listed company in the fertilizers & agricultural chemicals industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.2

Price-to-sales vs peers

Base case. Range ~$0.2–$1.3. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Origin Agritech LTD valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Origin Agritech files

Where Origin Agritech LTD stands after its latest Filing

Revenue for the twelve months was $13m, down 19.6% on a year earlier, against growth of 18.9% a quarter earlier. That puts it 10 of 11 for growth among the fertilizers & agricultural chemicals companies we cover. Free-cash-flow margin rose to -37.3% from -55.6% a year earlier. Operating margin narrowed to -12745.9% from -0.6%. The diluted share count is up 15.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 1 of our 4 financial-health checks. Our price-to-sales vs peers value is $0.23 a share, against a share price of $0.77.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Origin Agritech LTD's trailing-twelve-month revenue fell 19.6% year on year, with a free-cash-flow margin of -37.3%. Where it stands out: days sales outstanding of 14 days ranks 1 of 7 fertilizers & agricultural chemicals companies we cover. Where it lags: change in growth rate of -38.5pp ranks 11 of 11 fertilizers & agricultural chemicals companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -19.6% (-38.5pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Origin Agritech LTD's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 19.6% over the last 12 months.
  • Growth slowing. The growth rate is 38.5 points lower than a quarter earlier.
  • Loss-making. Operating margin is -12745.9%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 13188.2 points on a year ago.
  • Burning cash. Free cash flow was -37.3% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 25.3% of revenue, against a median of 0.6% for fertilizers & agricultural chemicals companies we cover: a real cost that cash-flow figures leave out.

Price chart

  • 1 day-1.3%
  • 1 week-3.8%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$12.7M
Net margin
-58.4%
EPS (TTM, diluted)
$-0.99

Growth

Revenue growth
−19.6%
Change in growth rate
−38.5 pts
Share count change
+15.9%

Cash

Free cash flow (TTM)
-$4.7M
FCF margin
-37.3%
Stock pay % of revenue
25.3%

Earnings

Last results
November 14, 2005

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for SEED from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Origin Agritech LTD valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Origin Agritech LTD as an operating company, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.65 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.2 ~$0.4–$1.3 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.2 ~$0.2–$1.3 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Origin Agritech LTD with Fertilizers & Agricultural Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

24 /100

Weak moat

How hard Origin Agritech's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Pricing power 2 / 20

    Gross margin has been a median 27.6%, moving by 10.1 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Net margin has been a median -58.4%; its worst year was -8698.2%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 5 years, at a median -43.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Origin Agritech LTD: too few analysts cover it.

Positioning

Short interest
0.4%
of tradable shares
Days to cover
0.72
at average volume
Short interest, 1 month
+123%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
49.9%
of shares
Employees
97
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Origin Agritech LTD in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Origin Agritech LTD
$0 $20M $40M $60M $80M FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $67.5M Revenue (TTM), FY15 Q4: $48.7K Revenue (TTM), FY16 Q4: $73.7K Revenue (TTM), FY17 Q4: $127.8K Revenue (TTM), FY18 Q4: $2M Revenue (TTM), FY19 Q4: $13.4M Revenue (TTM), FY20 Q4: $7.5M Revenue (TTM), FY21 Q4: $7.1M Revenue (TTM), FY22 Q4: $8M Revenue (TTM), FY23 Q4: $13.2M Revenue (TTM), FY24 Q4: $15.7M Revenue (TTM), FY25 Q4: $12.7M $12.7M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $67.5M
FY15 Q4 $48.7K
FY16 Q4 $73.7K
FY17 Q4 $127.8K
FY18 Q4 $2M
FY19 Q4 $13.4M
FY20 Q4 $7.5M
FY21 Q4 $7.1M
FY22 Q4 $8M
FY23 Q4 $13.2M
FY24 Q4 $15.7M
FY25 Q4 $12.7M
Revenue growth, TTM YoY Origin Agritech LTD
-500% 0% 500% 1000% 1500% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: -13.3% Revenue growth, TTM YoY, FY15 Q4: -99.9% Revenue growth, TTM YoY, FY16 Q4: 51.3% Revenue growth, TTM YoY, FY17 Q4: 73.5% Revenue growth, TTM YoY, FY18 Q4: 1449.1% Revenue growth, TTM YoY, FY19 Q4: 579.5% Revenue growth, TTM YoY, FY20 Q4: -44.3% Revenue growth, TTM YoY, FY21 Q4: -4.8% Revenue growth, TTM YoY, FY22 Q4: 12.6% Revenue growth, TTM YoY, FY23 Q4: 64.8% Revenue growth, TTM YoY, FY24 Q4: 18.9% Revenue growth, TTM YoY, FY25 Q4: -19.6% -19.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 -13.3%
FY15 Q4 -99.9%
FY16 Q4 51.3%
FY17 Q4 73.5%
FY18 Q4 1449.1%
FY19 Q4 579.5%
FY20 Q4 -44.3%
FY21 Q4 -4.8%
FY22 Q4 12.6%
FY23 Q4 64.8%
FY24 Q4 18.9%
FY25 Q4 -19.6%
Operating margin (TTM) Origin Agritech LTD
-15000% -10000% -5000% 0% 5000% FY09 Q4 FY11 Q4 FY13 Q4 FY16 Q4 Operating margin (TTM), FY09 Q4: 8.0% Operating margin (TTM), FY10 Q4: 11.0% Operating margin (TTM), FY11 Q4: 2.2% Operating margin (TTM), FY12 Q4: -0.6% Operating margin (TTM), FY13 Q4: 3.8% Operating margin (TTM), FY14 Q4: -5.9% Operating margin (TTM), FY15 Q4: 442.2% Operating margin (TTM), FY16 Q4: -12745.9% -12745.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY09 Q4 8.0%
FY10 Q4 11.0%
FY11 Q4 2.2%
FY12 Q4 -0.6%
FY13 Q4 3.8%
FY14 Q4 -5.9%
FY15 Q4 442.2%
FY16 Q4 -12745.9%
FCF margin (TTM) Origin Agritech LTD
-20000% -10000% 0% 10000% 20000% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: -23.2% FCF margin (TTM), FY15 Q4: 12357.1% FCF margin (TTM), FY16 Q4: 6692.5% FCF margin (TTM), FY17 Q4: -14113.9% FCF margin (TTM), FY18 Q4: -100.8% FCF margin (TTM), FY19 Q4: -65.0% FCF margin (TTM), FY20 Q4: -10.7% FCF margin (TTM), FY21 Q4: -55.6% FCF margin (TTM), FY22 Q4: 5.1% FCF margin (TTM), FY23 Q4: -15.4% FCF margin (TTM), FY24 Q4: -17.6% FCF margin (TTM), FY25 Q4: -37.3% -37.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 -23.2%
FY15 Q4 12357.1%
FY16 Q4 6692.5%
FY17 Q4 -14113.9%
FY18 Q4 -100.8%
FY19 Q4 -65.0%
FY20 Q4 -10.7%
FY21 Q4 -55.6%
FY22 Q4 5.1%
FY23 Q4 -15.4%
FY24 Q4 -17.6%
FY25 Q4 -37.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 87 86 87 87 78 68 0 0 0 2 13 7 7 8 13 16 13
Gross profit 29 34 30 26 27 19 0 0 0 1 −2 1 2 2 2 2 1
EBITDA 10 13 5 3 7 1 5 −5 — — — — — — — — —
Operating income 7 9 2 −1 3 −4 0 −9 — — — — — — — — —
Net income −6 7 −4 −0 1 −2 −2 −10 −11 −24 −9 −12 −14 −1 8 3 −7
Diluted EPS −$2.59 $3.08 −$1.53 −$0.09 $0.52 −$0.68 −$0.98 −$0.44 −$0.48 −$7.68 −$2.16 −$2.42 −$2.50 −$0.17 $1.20 $0.44 −$0.99
Growth (year on year)
Revenue — −1.0% +1.1% +0.3% −10.6% −13.3% −99.9% +51.3% +73.5% +>999% +579.5% −44.3% −4.8% +12.6% +64.8% +18.9% −19.6%
EBITDA — +25.2% −56.5% −53.9% +195.4% −91.2% — −189.9% — — — — — — — — —
Operating income — +35.3% −79.6% −128.4% — −235.6% — <−999% — — — — — — — — —
Net income — — −149.0% — — — — — — — — — — — — −63.4% −357.2%
Diluted EPS — — −149.6% — — — — — — — — — — — — −62.9% −322.3%
Margins
Gross margin 33.7% 39.5% 34.5% 29.8% 34.6% 27.5% 100.0% 100.0% 22.1% 45.5% −13.9% 6.7% 27.6% 30.8% 18.5% 14.2% 7.0%
EBITDA margin 11.6% 14.7% 6.3% 2.9% 9.6% 1.0% >999% <−999% — — — — — — — — —
Operating margin 8.0% 11.0% 2.2% −0.6% 3.8% −5.9% 442.2% <−999% — — — — — — — — —
Net margin −6.9% 8.4% −4.1% −0.3% 1.6% −2.3% <−999% <−999% <−999% <−999% −67.2% −162.4% −197.2% −11.9% 59.3% 18.3% −58.4%
Free-cash-flow margin 32.1% 48.3% −3.3% −3.9% −43.5% −23.2% >999% >999% <−999% −100.8% −65.0% −10.7% −55.6% 5.1% −15.4% −17.6% −37.3%
Cash flow
Cash from operations 31 44 6 13 −24 −14 8 7 −18 −2 −9 −1 −4 1 −1 −2 −3
Capital spending 3 2 9 16 10 2 2 2 0 0 0 0 0 0 1 1 2
Free cash flow 28 42 −3 −3 −34 −16 6 5 −18 −2 −9 −1 −4 0 −2 −3 −5
Stock-based pay 0 1 1 1 0 0 0 1 1 1 2 2 2 0 0 1 3
Free cash flow after stock pay 27 41 −4 −4 −34 −16 6 4 −19 −3 −11 −3 −6 0 −2 −4 −8
Balance sheet
Cash 18 45 20 24 22 8 10 8 0 0 0 3 2 2 3 1 2
Total debt 0 13 3 12 47 47 45 23 16 11 11 20 43 39 1 2 3
Net debt (negative = net cash) −18 −32 −17 −13 25 40 34 15 16 11 11 17 40 36 −2 1 0
Diluted shares 2m 2m 2m 2m 2m 2m 2m 3m 3m 3m 4m 5m 6m 6m 7m 6m 7m
Returned to shareholders
Dividends — — — — — — — — — — — — — 0 0 0 0
Total returned — — — — — — — — — — — — — 0 0 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 4 checks passed · September 30, 2025
What it owns · $14m
Short-term assets $9mLonger-term assets $5m
What it owes, and who funded it · $23m
Short-term liabilities $21mLonger-term liabilities $2mShareholders' equity $-3m
  • Short-term assets cover short-term liabilities $9m of assets due within a year against $21m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $9m short-term assets against $2m of longer-dated liabilities.
  • More cash than debt $2m of cash against $3m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$3m of operating cash flow against $3m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Origin Agritech LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$150,725
Returned to shareholders
-3%
of free cash flow
Diluted share count
+15.9%
year over year
Total shareholder yield
1.7%
dividends 1.7% + buybacks 0.0% of market value
R&D spending
14.3%
of revenue
Days sales outstanding
14 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in fertilizers & agricultural chemicals
Last 12 months unless stated SEED BIOX AVD UAN FMC SMG Median
Revenue, last 12 months $13m $238m $510m $677m $2.8bn $3.5bn $3.5bn
Revenue growth, last 12 months −19.6% −17.7% −3.5% 17.5% −22.0% 4.6% 3.7%
Revenue growth, 3-year average −45.4% — −3.6% −4.5% −17.2% −1.7% −4.2%
Revenue growth, latest quarter — — −9.7% 20.0% −80.5% 1.1% −1.2%
Gross margin 7.0% 34.9% 29.4% 33.5% 22.0% 31.8% 31.0%
Operating margin <−999% −9.8% −5.2% 28.1% −97.0% 11.0% 3.4%
Operating margin, 3-year average — 4.6% −7.2% 21.1% −29.8% 6.8% 6.8%
Net margin −58.4% −110.8% −10.7% 23.7% −151.2% 2.1% 2.1%
Cash from operations / revenue −25.0% 27.7% −8.2% 31.3% 15.1% 10.6% 14.8%
Free-cash-flow margin −37.3% 27.3% −9.2% 21.4% 13.1% 7.6% 7.4%
Free-cash-flow margin, 3-year average <−999% 10.9% −3.7% 19.8% 5.8% 14.4% 9.1%
Stock pay / revenue 25.3% 0.1% 0.3% 1.3% 0.9% 1.4% 0.6%
Change in share count 15.9% 0.7% 1.5% 0.0% 1.5% 3.2% 0.1%

Median of all 11 companies we cover in fertilizers & agricultural chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 fertilizers & agricultural chemicals companies
Measure Company Peer median Rank
Revenue growth Growth -19.6% 3.7% 10 of 11
Change in growth rate Growth -38.5pp -0.8pp 11 of 11
Gross margin Profitability 7.0% 31.0% 11 of 11
Net margin Profitability -58.4% 2.1% 9 of 11
Free-cash-flow margin Cash generation -37.3% 7.4% 11 of 11
Stock pay as % of revenue Cash generation 25.3% 0.6% 9 of 9
Long-term debt as % of assets Balance sheet 10.4% 21.3% 2 of 11
Change in share count Balance sheet 15.9% 0.1% 11 of 11
Days sales outstanding Balance sheet 14 days 75 days 1 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • November 14, 2005

Recent SEC filings

Data status

When each part of this page on Origin Agritech LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Origin Agritech LTD in brief

What does Origin Agritech LTD do?
Origin Agritech LTD is a US-listed company in the fertilizers & agricultural chemicals industry. Its financial year ends in September.
What is Origin Agritech LTD's stock ticker?
Origin Agritech LTD trades under the ticker SEED on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Origin Agritech LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Origin Agritech LTD reported revenue of $12.7M, 19.6% lower than a year earlier, according to its SEC filings.
What is Origin Agritech LTD's free cash flow?
Origin Agritech LTD's free-cash-flow margin is -37.3% of revenue over the trailing twelve months, ranking 11 of the 11 fertilizers & agricultural chemicals companies we cover.
Does Origin Agritech LTD pay a dividend?
Yes: Origin Agritech LTD paid $150,725 in dividends over the trailing twelve months, a dividend yield of 1.66%.
Who are Origin Agritech LTD's competitors?
In our Fertilizers & Agricultural Chemicals peer group, the companies closest to Origin Agritech LTD are Bioceres Crop Solutions Corp., American Vanguard Corp, CVR Partners, LP, FMC Corp and Scotts Miracle-gro Co. The side-by-side comparison below sets their revenue, margins and growth against Origin Agritech LTD's.