KSG Agro S.A. (KSG.WA) Stock Analysis & Winston Score
KSG Agro S.A. is a Ukrainian agricultural company that grows crops and raises pigs on large farms in Ukraine. Its main products include grain crops like wheat and corn, as well as pork from its pig-farming operations. The company sells to food processors, traders, and other buyers in agricultural markets, making it part of Ukraine's important farming sector. KSG Agro earns money by selling harvested crops and livestock products, with revenue tied closely to commodity prices and how much it can produce each season. The company operates entirely within Ukraine, which gives it access to some of the world's most fertile farmland but also exposes it to serious risks from the ongoing conflict in the country. With a gross margin near 40% and strong returns on capital, the business has shown it can run efficiently, but the war in Ukraine remains the single biggest risk to its operations, supply chains, and ability to export goods.
Winston Score: 32/100 — Below Average
Below-average fundamentals — multiple weak pillars.
- Quality: Weak (7/30)
- Growth: Weak (2/20)
- Cash Flow: Mixed (4/10)
- Stability: Good (5/10)
- Valuation: Weak (2/10)
- Ownership: Good (10/15)


