This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/ 6/30/11
Alliance Grain Traders Inc  www.alliancegraintraders.com AGT Fiscal Yr: Dec 31
Year 12/31/99 12/31/00 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/30/12 #Y
Accting Rules C GAAP IFRS
Revenue* $8.2 $12.1 $79.1 $328.7 $387.9 $642.1 $734.3 $804.6 7700.53% <-Total Growth 5 Revenue
Increase #DIV/0! 47.11% 553.51% 315.30% 18.02% 65.55% 14.34% 9.58% #NUM! <-IRR #YR-> 10 Revenue
Rev per Share $8.23 $9.08 $12.49 $41.16 $22.68 $32.59 $37.22 $40.79 139.01% <-IRR #YR-> 5 Revenue
P/S (Price/Sales) 0.62 0.55 0.80 0.21 1.32 0.86 0.55 0.50 #NUM! <-IRR #YR-> 10 Rev Per share
Averages P/S 10 yr  0.71 5 yr  0.80 31.68% <-IRR #YR-> 5 Rev Per share
*Revenue in M CDN $ 
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $642.1
-$8.2 $0.0 $0.0 $0.0 $0.0 $642.1
$0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $32.6
-$8.2 $0.0 $0.0 $0.0 $0.0 $32.6
EPS* $0.19 $0.37 $0.91 $2.91 $2.74 $0.96 $1.71 $2.42 405.26% <-Total Growth 5 Revenue
Increase 94.74% 145.95% 219.78% -5.84% -64.96% 78.13% 41.52% #NUM! <-IRR #YR-> 10 Earnings
Earnings Yield 3.7% 7.5% 9.1% 33.8% 9.2% 3.4% 8.4% 11.8% 38.26% <-IRR #YR-> 5 Earnings
* ESP per share (Cdn GAAP) E/P 10 Yrs 8.31% 5Yrs 9.15%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.96
-$0.19 $0.00 $0.00 $0.00 $0.00 $0.96
Div* $0.39 $0.49 $0.51 $0.54 $0.54 $0.54 $0.59 $0.60 10.20% <-Total Growth 4 Dividends
Increase 25.64% 4.08% 6.65% -0.07% -0.65% 8.33% 2.56% 4.08% <-Median-> 5 Dividends
Yield H/L 7.72% 9.75% 6.67% 4.40% 2.84% 1.74% 5.53% <-Median-> 6 Dividends
Yield on High 7.63% 9.61% 4.86% 3.35% 1.78% 1.54% 4.10% <-Median-> 6 Dividends
Yield on Low 7.80% 9.90% 10.63% 6.40% 6.91% 1.98% 7.35% <-Median-> 6 Dividends
Yield on Cl 7.68% 9.90% 5.13% 6.32% 1.82% 1.92% 2.86% 2.94% 5.73% <-Median-> 6 Dividends
Payout Ratio 205.3% 132.4% 56.0% 18.7% 19.8% 56.3% 34.2% 24.8% 56.15% <-Median-> 6 Dividends
Payout Ratio CF 33.9% 92.0% 73.6% 17.4% 26.0% 9.6% 29.95% <-Median-> 6 Dividends
Average 5 Yrs Div Yd 4.21% 5 6.18% 10 Yield  4.40% 5.13% Payout 56.04% 26.05% #NUM! <-IRR #YR-> 10 Dividends
* Dividends per share  8.0% Years 8.0% Years Last Div Inc ---> $0.14 $0.15 11.1% 6.72% <-IRR #YR-> 5 Dividends
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.54
-$0.39 $0.00 $0.00 $0.00 $0.00 $0.54
H/LYield held 5 yrs 10.68% 11.64% 7.84% Ave H/L Yield on your 
H/LYield held 10 yrs #DIV/0! Ave H/L original money
Graham No. $4.44 $6.36 $10.48 $23.70 $28.91 $18.24 $23.82 $28.33 #DIV/0! <-Total Growth 6 Graham Price
Prem /Disc.Med H/L 13.87% -21.00% -27.00% -47.78% -33.73% 70.61% -24.00% <-Median-> 6 Graham Price
Prem /Disc. High 15.11% -19.82% 0.20% -31.43% 5.32% 91.88% 2.76% <-Median-> 6 Graham Price
Prem /Disc. Low 12.63% -22.18% -54.19% -64.13% -72.78% 49.34% -38.19% <-Median-> 6 Graham Price
Prem /Disc. 14.43% -22.18% -5.05% -63.71% 3.55% 54.49% -14.23% -27.90% -0.75% <-Median-> 6 Graham Price
Price Cl $5.00 $5.08 $4.95 $9.95 $8.60 $29.94 $28.18 $20.43 $20.43 463.60% <-Total Growth 6 Stock Price
Increase 1.60% -2.56% 101.01% -13.57% 248.14% -5.88% -27.50% 0.00% #NUM! <-IRR #YR-> 10 Stock Price
P/E 26.74 13.38 10.93 2.96 10.93 29.35 11.95 8.44 40.87% <-IRR #YR-> 5 Stock Price
Trailing P/E 26.05 26.89 9.45 10.29 10.28 21.28 11.95 #NUM! <-IRR #YR-> 10 Price & Div
Median 5 Yrs 5.88% #NUM! Div %  5, 10 yrs Price Inc -2.56% P/E: Y-T 10.93 10.29 46.75% <-IRR #YR-> 5 Price & Div
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $28.18
-$5.08 $0.00 $0.00 $0.00 $0.00 $28.18
$0.00 $0.00 $0.00 $0.00 $0.00 $0.39 $0.49 $0.51 $0.54 $0.54 $28.72
-$5.08 $0.49 $0.51 $0.54 $0.54 $28.72
Price H/L Median $5.06 $5.03 $7.65 $12.38 $19.16 $31.12 515.63% <-Total Growth 5 Stock Price
Increase -0.59% 52.24% 61.76% 54.83% 62.42% #NUM! <-IRR #YR-> 10 Stock Price
P/E 26.61 13.58 8.41 4.25 6.99 32.42 57.75% <-IRR #YR-> 5 Stock Price
Trailing P/E 26.45 20.68 13.60 6.58 11.36 #NUM! <-IRR #YR-> 10 Price & Div
Median 5 Yrs 6.14% #NUM! Div %  5, 10 yrs Price Inc 54.83% P/E: Y-T 8.41 13.60 63.89% <-IRR #YR-> 5 Price & Div
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $31.12
-$5.03 $0.00 $0.00 $0.00 $31.12
$0.00 $0.00 $0.00 $0.00 $0.00 $0.39 $0.49 $0.51 $0.54 $0.54 $31.66
-$5.03 $0.51 $0.54 $0.54 $31.66
Hi Mths Aug May Sep Jun Dec Feb
Price Hi $5.11 $5.10 $10.50 $16.25 $30.45 $35.00 584.93% <-Total Growth 5 Stock Price
Increase -0.20% 105.88% 54.76% 87.38% 14.94% #NUM! <-IRR #YR-> 10 Stock Price
P/E 26.89 13.78 11.54 5.58 11.11 36.46 46.94% <-IRR #YR-> 5 Stock Price
Trailing P/E 26.84 28.38 17.86 10.46 12.77
Median 5 Yrs Price Inc 54.76% P/E: Y-T 11.54 17.86
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $35.00
-$5.11 $0.00 $0.00 $0.00 $0.00 $35.00
Low Mths Apr Dec May Jan Mar Sep
Price Low $5.00 $4.95 $4.80 $8.50 $7.87 $27.24 444.80% <-Total Growth 5 Stock Price
Increase -1.00% -3.03% 77.08% -7.41% 246.12% #NUM! <-IRR #YR-> 10 Stock Price
P/E 26.32 13.38 5.27 2.92 2.87 28.38 40.36% <-IRR #YR-> 5 Stock Price
Trailing P/E 26.05 12.97 9.34 2.70 9.94
Median 5 Yrs Price Inc -1.00% P/E: Y-T 5.27 9.94
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $27.24
Market Cap $0 $5 $7 $63 $69 $512 $555 $403 $403 0.65%
# of Sh in M 1.000 1.333 6.336 7.985 17.103 19.706 19.726 19.726 Shares Capital
Increase 33.33% 375.19% 26.03% 114.18% 15.22% 0.10% 0.00% 112.79% <-Average 5 Shares
CF fr Op $M $1.15 $0.71 -$2.92 -$2.95 $15.30 $43.13 3643.56% <-Total Growth 5 Cash Flow
OPS $1.15 $0.53 -$0.46 -$0.37 $0.89 $2.19 89.97% <-Total Growth 5 Cash Flow
Non-cash items $7.31 $27.97 $20.39 $68.26 #NUM! <-IRR #YR-> 10 Cash Flow
OPS non-cash $1.15 $0.53 $0.69 $3.13 $2.09 $5.65 13.69% <-IRR #YR-> 5 Cash Flow
Increase -53.78% 30% 352.25% -33% 171% #NUM! <-IRR #YR-> 10 CF - non cash
5 yr running ave $1.15 $0.84 $0.79 $1.38 $1.52 $2.42 37.45% <-IRR #YR-> 5 CF - non cash
P/CF on Cl P/CF 10 yr 1.15 5 yr  1.15 1.38
Paid Inc Taxes Yes Yes
Averages P/CF 10 Yrs 1.23 5 Yrs 1.23
*Operational Cash Flow per share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.19
-$1.15 $0.00 $0.00 $0.00 $0.00 $2.19
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.65
-$1.15 $0.00 $0.00 $0.00 $0.00 $5.65
OPM 13.99% 5.86% -3.69% -0.90% 3.94% 6.72% should be zero, it is a check on calculations
Diff from Ave 185.4% 19.6% -175.2% -118.3% -19.6% 37.0% 0.00 <-Median-> 6 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 4.90% 5 Yrs 3.94%
Q2 2011
Curr Assets $2.00 $3.29 $39.22 $87.93 $196.81 $280.04 $323.62 Liq ratio of 1.5 and up, best Assets
Curr Liab. $2.18 $3.02 $30.51 $61.13 $121.11 $188.27 $212.48 1.31 <-Average 6 Liabilities
Liquidity 0.92 1.09 1.29 1.44 1.63 1.49 1.52 1.39 <-Average 5 Ratio
Assets $11.86 $13.11 $74.07 $148.38 $404.42 $527.91 $575.40 A/L ratio of 1.5 and up, best Assets
Liab. $7.25 $6.63 $40.09 $79.88 $172.51 $224.38 $284.54 1.92 <-Median-> 6 Liabilities
Liquidity 1.64 1.98 1.85 1.86 2.34 2.35 2.02 1.98 <-Median-> 5 Ratio
Book Value $4.61 $6.48 $33.98 $68.50 $231.91 $303.54 $290.86 6484.31% <-Total Growth 5 Book Value
BV per share $4.61 $4.86 $5.36 $8.58 $13.56 $15.40 $14.75 $14.75 234.13% <-Total Growth 5 Book Value
Change 5.42% 10.35% 59.95% 58.08% 13.60% -4.27% 0.9453 Current/Historical Book Value
P/BV (CL) 1.10 1.02 1.86 1.00 2.21 1.83 1.39 #NUM! <-IRR #YR-> 10 Book Value
Change -7.57% 82.16% -45.96% 120.23% -17.14% -24.27% 33.43% <-IRR #YR-> 4 Book Value
Leverage (A/BK) 2.57 2.02 2.18 2.17 1.74 1.74 1.98 2.09 <-Median-> 6 A/BV
Debt/Equity Ratio 1.57 1.02 1.18 1.17 0.74 0.74 0.98 1.09 <-Median-> 6 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Ave 1.47 5 yr Ave 1.83
*Book Value in M CDN $ 
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.40
-$4.86 $0.00 $0.00 $0.00 $15.40
ROE 0.0% 0.0% 0.0% 13.1% 0.7% -5.7% 0.00% <-Median-> 5 Compreh. Inc
Comprehensive Inc $0.00 $0.00 $0.00 $30.42 $2.05 -$16.72 Compreh. Inc
ROE 10.4% 12.0% 10.9% 33.1% 12.9% 12.1% Net Income/Shareholders' equity
5Yr Median 10.4% 11.2% 10.9% 11.5% 12.0% 12.1%
Net Income $0.48 $0.78 $3.70 $22.66 $29.94 $18.40 $8.35 <-12 mths 3733.50% <-Total Growth 5 Net Income
Oper C. F. $1.15 $0.71 -$2.92 -$2.95 $15.30 $43.13 -$37.18 <-12 mths C F Statement  Oper C. F.
Invest. C. F -$7.25 -$1.13 -$13.50 -$30.33 -$97.02 -$50.93 -$63.20 <-12 mths C F Statement  Invest. C. F
Total Accruals $6.58 $1.20 $20.11 $55.95 $111.66 $26.20 $108.73 <-12 mths Accruals
Total Assets $11.86 $13.11 $74.07 $148.38 $404.42 $527.91 $575.40 <-12 mths Balance Sheet Assets
Accruals Ratio 55.45% 9.15% 27.15% 37.70% 27.61% 4.96% 18.90% <---- Ratio
up/down/neutral
Chge in Close 1.60% -2.56% 101.01% -13.57% 248.14% -5.88%
Any Predictions?
Fin. C. F $5.09 $0.42 $16.42 $33.28 $81.72 $108.80 $178.41 <-12 mths C F Statement  Fin. C. F
Total Accruals $1.49 $0.78 $3.70 $22.66 $29.94 -$82.60 -$69.68 <-12 mths Accruals
Accruals Ratio 12.53% 5.95% 4.99% 15.27% 7.40% -15.65% -12.11% <---- Ratio
Sept 7, 2011.  Last I looked I got EPS of $3.00 and $3.30 for 2010 and 2011.
When I last looked at got 2010 and 2011 estimates for earnings of $3.12 and $3.75.  One analysts does not think that this company can grow dividends.
May 14, 2010.  I last got estimates for 2009 and 2010 of $2.44 and $2.86.
Dec 3, 2009.  I have annualized the figures for 2005.  This site only has financials for a limited period, so I also used Google Financial.
This company was formerly, the Agtech Income Fund. The Fund was a limited purpose open-ended trust established on June 25, 2004. It was converted to a corporation on September 15, 2009.  
A lot of the increase in shares was because of selling of more shares or units (2006-2009).  Some as for purchase of Arbel Group and other acquisitions.
I got the name of this stock from the Money Show in 2009.
How they make their money.
Alliance Grain Traders Inc through its subsidiaries, Alliance Pulse Processors Inc. ("Alliance") and Arbel Group ("Arbel"), is engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) 
specialty crops, primarily for export markets. Alliance and its subsidiaries in Canada, U.S., Australia and Turkey handle the full range of pulses and specialty crops including lentils, peas, chickpeas, beans and 
canary seed through six processing plants.  The company recent bought the Arbel Group of Mersin, Turkey. 
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
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Huseyin Arslan 2.43 17.10 14.24% Director
Mahmut Arslan 1.99 17.10 11.63% 10% owner
Total 25.87%