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
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

$7.90

05 Dec
2022

-0.130

OPEN

$8.03

-1.62%

HIGH

$8.10

940,846

LOW

$7.81

TARGET
$9.58 21.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . IPL . NUF . RHL . RIC . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . WLD . CBO . SGL . SGLLV . D2O . UMG . TFL . HFR . LGL .
FNARENA'S MARKET CONSENSUS FORECASTS
GNC: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 167.7 99.4 xxx
DPS (cps) xxx 54.0 41.7 xxx
EPS Growth xxx 100.0% - 40.7% xxx
DPS Growth xxx 100.0% - 22.8% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 32.2% 42.0% xxx

Dividend yield today if purchased 3 years ago: 6.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.72

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 © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx167.7
DPS All xxxxxxxxxxxxxxx54.0
Sales/Revenue xxxxxxxxxxxxxxx7,854.0 M
Book Value Per Share xxxxxxxxxxxxxxx651.8
Net Operating Cash Flow xxxxxxxxxxxxxxx445.0 M
Net Profit Margin xxxxxxxxxxxxxxx4.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx28.63 %
Return on Invested Capital xxxxxxxxxxxxxxx22.57 %
Return on Assets xxxxxxxxxxxxxxx12.35 %
Return on Equity xxxxxxxxxxxxxxx28.63 %
Return on Total Capital xxxxxxxxxxxxxxx41.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx287.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

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

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

17/11/2022

3

Hold

$8.50

7.59%

Morgans key takeaway from GrainCorp's FY22 result was stronger-than-expected operating cashflow. Due to a few one-off items, the overall result came in slightly weaker than forecast and at the bottom-end of the guidance range.

A financial year (a record) doesn't get much better than this, according to the broker, and FY23 earnings are unlikely to exceed FY22, especially with wet weather creating some uncertainty. A smaller crop and lower marketing margins and crush margins are set to weigh.

With earnings expected to decline, a Hold rating is retained and Morgans target price is reduced to $8.50 from $8.99.

FORECAST
Morgans forecasts a full year FY23 dividend of 50.00 cents and EPS of 99.00 cents.
Morgans forecasts a full year FY24 dividend of 35.00 cents and EPS of 50.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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GNC STOCK CHART