RIDLEY CORPORATION LIMITED (RIC)
Share Price Analysis and Chart

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RIC - RIDLEY CORPORATION LIMITED

FNArena Sector : Agriculture

Year End: June

GICS Industry Group : Food, Beverage & Tobacco

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$1.39 24 Sep 2021	0.020 OPEN $1.40	1.46% HIGH $1.42	517,784 LOW $1.37

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$1.39

24 Sep
2021

0.020

OPEN

$1.40

1.46%

HIGH

$1.42

517,784

LOW

$1.37

TARGET
$1.40 0.7% upside
Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . IPL . NUF . RHL . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . ABR . WLD . SGL . D2O . UMG . TFL . HFR . LGL .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY20 Actual	FY21 Actual	FY22 Forecast	FY23 Forecast
EPS (cps)	xxx	7.8	10.4	xxx
DPS (cps)	xxx	2.0	6.4	xxx
EPS Growth	xxx	N/A	32.9%	xxx
DPS Growth	xxx	33.3%	100.0%	xxx
PE Ratio	xxx	N/A	13.4	xxx
Dividend Yield	xxx	N/A	4.6%	xxx
Div Pay Ratio(%)	xxx	25.6%	61.8%	xxx

Dividend yield today if purchased 3 years ago: 1.33%

DIVIDEND YIELD CALCULATOR

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: 08/04 - 1.5c (100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2021 FactSet UK Limited. All rights reserved

Title	2016	2017	2018	2019	2020	2021
EPS Basic	xxx	xxx	xxx	xxx	xxx	7.8
DPS All	xxx	xxx	xxx	xxx	xxx	2.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	927.7 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	85.8 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	2.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2016	2017	2018	2019	2020	2021
Return on Assets	xxx	xxx	xxx	xxx	xxx	3.95 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	9.07 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	8.14 %
Capex	xxx	xxx	xxx	xxx	xxx	21.8 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	2.35 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	66.4 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Credit Suisse	26/08/2021	1	Outperform	$1.40	0.72%	Ridley Corp delivered a strong FY21 result, comfortably ahead of Credit Suisse/consensus earnings per share (EPS) estimates and even further ahead on net debt reduction. Looking ahead, Credit Suisse has increased conviction in a strong double-digit growth outlook from a range of strategic initiatives, both pre-existing and further new announced plans, as well as organic growth opportunities. The broker's earnings forecasts increase 10.7% for FY22 and 14.2% for FY23. Outperform is unchanged and the target increases to $1.40 from $1.15. FORECAST Credit Suisse forecasts a full year FY22 dividend of 6.41 cents and EPS of 10.38 cents. Credit Suisse forecasts a full year FY23 dividend of 7.06 cents and EPS of 11.81 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Credit Suisse

26/08/2021

Outperform

$1.40

0.72%

Ridley Corp delivered a strong FY21 result, comfortably ahead of Credit Suisse/consensus earnings per share (EPS) estimates and even further ahead on net debt reduction.

Looking ahead, Credit Suisse has increased conviction in a strong double-digit growth outlook from a range of strategic initiatives, both pre-existing and further new announced plans, as well as organic growth opportunities.

The broker's earnings forecasts increase 10.7% for FY22 and 14.2% for FY23.

Outperform is unchanged and the target increases to $1.40 from $1.15.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 6.41 cents and EPS of 10.38 cents.
Credit Suisse forecasts a full year FY23 dividend of 7.06 cents and EPS of 11.81 cents.

Access Stockbroker Research History >

RIC STOCK CHART

FNArena News on RIC

1	FNArena Corporate Results Monitor – 26-08-2021 Aug 26 2021 - Australia

2	Rudi’s View: August Bonanza, But What’s Next? Aug 05 2021 - Rudi's View

3	Australian Broker Call Extra Edition – Jun 24, 2021 Jun 24 2021 - Daily Market Reports

4	The Wrap: Strong Housing, Ag Prospects, Trans-Tasman Travel Apr 09 2021 - Weekly Reports

5	Weekly Ratings, Targets, Forecast Changes – 19-03-21 Mar 22 2021 - Weekly Reports

Latest Agriculture News

1	Lofty Prices Stand Incitec Pivot In Good Stead Sep 15 2021 - Australia

2	More Sober Prospects For United Malt Sep 02 2021 - Australia

3	Citrus Blossoms For Costa Group Jun 24 2021 - Australia

4	Is Costa Group Or Lynch Group The Pick Of The Bunch For Investors? Jun 10 2021 - Weekly Reports

5	California Drought Silver Lining For Select Harvests Jun 01 2021 - Australia

6	Citrus Crop Critical To Costa Group In 2021 Jun 01 2021 - Australia

7	Nufarm Back In Clover But Europe Still Fragile May 24 2021 - Australia

8	More Beer, Better Outlook For United Malt May 20 2021 - Australia

9	Incitec Pivot Re-Rating Dependent On Waggaman May 19 2021 - Australia

10	Upgrade Cycle Continues For GrainCorp May 17 2021 - Australia

Dividend Yield Today On Last Actual Payout :	1.44
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

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RIDLEY CORPORATION LIMITED (RIC)
Share Price Analysis and Chart