GRAINCORP LIMITED (GNC)
Share Price Analysis and Chart

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GNC - GRAINCORP LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 1.74
Index: ASX200 | ASX300 | ALL-ORDS

Graincorp is an Australian company with operations in grains and oilseeds in several countries. It also provides transport and marketing services. Originally founded in 1917, it was privatised in 1992 and listed on the ASX in 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.63

30 Nov
2023

0.130

OPEN

$7.57

1.73%

HIGH

$7.63

1,239,999

LOW

$7.47

TARGET
$8.746 14.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CGC . D2O . ELD . HFR . IPL . LGL . MWY . NAM . NUF . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
GNC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 111.7 52.3 xxx
DPS (cps) xxx 0.0 32.1 xxx
EPS Growth xxx - 33.3% - 53.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 0.0% 61.3% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/11 - ex-div 30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx111.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx8,214.1 M
Book Value Per Share xxxxxxxxxxxxxxx709.9
Net Operating Cash Flow xxxxxxxxxxxxxxx575.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx16.40 %
Return on Invested Capital xxxxxxxxxxxxxxx13.37 %
Return on Assets xxxxxxxxxxxxxxx7.25 %
Return on Equity xxxxxxxxxxxxxxx16.40 %
Return on Total Capital xxxxxxxxxxxxxxx21.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx388.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx870 M
Long Term Debt xxxxxxxxxxxxxxx337 M
Total Debt xxxxxxxxxxxxxxx1,207 M
Goodwill - Gross xxxxxxxxxxxxxxx86 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx735 M
Price To Book Value xxxxxxxxxxxxxxx0.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx66.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,433 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx206 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx86 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

17/11/2023

1

Outperform

$9.70

27.13%

Macquarie expects a strong balance sheet will support capital management from GrainCorp. Following the sale of the company's United Malt Group stake, Macquarie estimates GrainCorp could hold $600m, or more, in core net cash.

It expects this to not only support a $50m buyback, but also fund growth options such as an oil seed crush plant in West Australia. The broker feels the oil seed crush plant would be a logical step forward for GrainCorp, and anticipates further detail in the first half of 2024.

The Outperform rating is retained and the target price decreases to $9.70 from $10.13.

FORECAST
Macquarie forecasts a full year FY24 dividend of 35.40 cents and EPS of 50.50 cents.
Macquarie forecasts a full year FY25 dividend of 28.80 cents and EPS of 41.40 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

GNC STOCK CHART

FNArena News on GNC

1
Australian Broker Call *Extra* Edition – Nov 24, 2023

Nov 24 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 17-11-2023

Nov 17 2023 - Australia
3
Next Week At A Glance – 13-17 Nov 2023

Nov 10 2023 - Weekly Reports
4
Rudi’s View: Yield Is Back

Oct 18 2023 - Rudi's View
5
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View

Latest Agriculture News

1
Next Week At A Glance – 27 Nov – 1 Dec 2023

Nov 24 2023 - Weekly Reports
2
Nufarm Crushes Seeds Of Doubt

May 25 2023 - Australia
3
Incitec Pivot Misses Expectations, Demerger Pending

May 18 2023 - Australia
4
Treasure Chest: Opportunities For Ridley Corp

Apr 26 2023 - Treasure Chest
5
Headwinds Linger for Select Harvests

Nov 24 2022 - Small Caps
6
United Malt Guides To Better Times Ahead

Nov 23 2022 - Small Caps
7
Nufarm Confident About Continued Growth

Nov 22 2022 - Small Caps
8
Waggaman Review Delays Incitec Pivot’s Split

Nov 17 2022 - Australia
9
Elders’ Confidence Relies On Acquisition

Nov 16 2022 - Small Caps
10
GrainCorp Looks Long-Term to Deliver Growth

Jun 28 2022 - Australia