NUFARM LIMITED (NUF)
Share Price Analysis and Chart

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NUF - NUFARM LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.19
Index: ASX200 | ASX300 | ALL-ORDS

Nufarm is an Australian agricultural chemicals company with manufacturing and marketing operations in Australia, Asia, Europe and North America. First established in 1956, it became a listed company in 1988.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.63

21 Sep
2023

-0.090

OPEN

$4.70

-1.91%

HIGH

$4.74

1,106,865

LOW

$4.60

TARGET
$6.97

-0.10 change from previous day

 50.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CGC . D2O . ELD . GNC . HFR . IPL . LGL . MWY . NAM . RIC . SGLLV . SHV . TFL . UMG . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
NUF: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 26.3 39.8 xxx
DPS (cps) xxx 10.0 11.2 xxx
EPS Growth xxx 73.1% 51.2% xxx
DPS Growth xxx 100.0% 11.9% xxx
PE Ratio xxx N/A 11.9 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 38.0% 28.1% xxx

Dividend yield today if purchased 3 years ago: 2.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.11

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: 25/05 - ex-div 5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx26.3
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx3,773.0 M
Book Value Per Share xxxxxxxxxxxxxxx501.3
Net Operating Cash Flow xxxxxxxxxxxxxxx359.6 M
Net Profit Margin xxxxxxxxxxxxxxx2.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx5.29 %
Return on Invested Capital xxxxxxxxxxxxxxx3.75 %
Return on Assets xxxxxxxxxxxxxxx2.37 %
Return on Equity xxxxxxxxxxxxxxx5.03 %
Return on Total Capital xxxxxxxxxxxxxxx6.77 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx243.6 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx269 M
Long Term Debt xxxxxxxxxxxxxxx663 M
Total Debt xxxxxxxxxxxxxxx932 M
Goodwill - Gross xxxxxxxxxxxxxxx381 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx586 M
Price To Book Value xxxxxxxxxxxxxxx1.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx160.9 M
Capex % of Sales xxxxxxxxxxxxxxx4.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,800 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx761 M
Research & Development xxxxxxxxxxxxxxx51 M
Investments - Total xxxxxxxxxxxxxxx61 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

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

22/05/2023

2

Accumulate

$7.70

66.31%

Nufarm reported a 7% increase in underlying first half net profit, considerably ahead of expectations. FY23 guidance is for "modest" underlying earnings growth, which assumes normal seasonal conditions.

Ord Minnett welcomes the increase in the first half dividend to 5c and increases FY23 dividend forecast by 18% to $0.13 although still believes this equates to a "pedestrian" 2.2% unfranked yield at the current price.

While the dividend is not particularly appealing, the broker acknowledges this is a growth stock and projects a five-year compound growth rate for earnings per share of over 16%.

Ord Minnett retains an Accumulate rating and raises the target to $7.70 from $7.50. 

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 13.30 cents and EPS of 44.60 cents.
Ord Minnett forecasts a full year FY24 dividend of 14.40 cents and EPS of 45.40 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NUF STOCK CHART

FNArena News on NUF

1
Australian Broker Call *Extra* Edition – Aug 16, 2023

Aug 16 2023 - Daily Market Reports
2
Nufarm Crushes Seeds Of Doubt

May 25 2023 - Australia
3
Australian Broker Call *Extra* Edition – May 25, 2023

May 25 2023 - Daily Market Reports
4
FNArena Corporate Results Monitor – 19-05-2023

May 19 2023 - Australia
5
Next Week At A Glance – 15-19 May 2023

May 12 2023 - Weekly Reports

Latest Agriculture News

1
Nufarm Crushes Seeds Of Doubt

May 25 2023 - Australia
2
Incitec Pivot Misses Expectations, Demerger Pending

May 18 2023 - Australia
3
Treasure Chest: Opportunities For Ridley Corp

Apr 26 2023 - Treasure Chest
4
Headwinds Linger for Select Harvests

Nov 24 2022 - Small Caps
5
United Malt Guides To Better Times Ahead

Nov 23 2022 - Small Caps
6
Nufarm Confident About Continued Growth

Nov 22 2022 - Small Caps
7
Waggaman Review Delays Incitec Pivot’s Split

Nov 17 2022 - Australia
8
Elders’ Confidence Relies On Acquisition

Nov 16 2022 - Small Caps
9
GrainCorp Looks Long-Term to Deliver Growth

Jun 28 2022 - Australia
10
Get Ready For Extreme Heat And Its Effects On Crops, Lives

Jun 06 2022 - ESG Focus