A2M's cash balance of $700m odd must be factored into your calcs. Account for that, Price to sales is closer to 2.
I too am very bullish on agribusiness, i see it as a great sector to be invested in, inflationary pressures seem to be here for a while yet it seems. I hold large positions in two of the other companies you've mentioned in ING and BGA. To me they are the sector stand out companies. Both are mature business', trade at modest multiples and in my view are both screaming buy's at their current respective SP's.
I took a small position in A2M on Thursday morning at $4.63. In all honesty i'm not as bullish on A2M as in my view the road forward towards getting back to anywhere near the 52c EPS we saw a couple of years ago is much bumpier and far less straight forward but at current SP A2M certainly worth the punt. If it drops below $4 i will add
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)