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
Debt/EBITDA: 0.93
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.23

03 Oct
2023

-0.070

OPEN

$2.27

-3.04%

HIGH

$2.29

448,694

LOW

$2.23

TARGET
$2.50 12.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CGC . D2O . ELD . GNC . HFR . IPL . LGL . MWY . NAM . NUF . SGLLV . SHV . TFL . UMG . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
RIC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 13.2 14.0 xxx
DPS (cps) xxx 8.3 10.0 xxx
EPS Growth xxx - 0.3% 5.7% xxx
DPS Growth xxx 11.5% 21.2% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 62.3% 71.4% xxx

Dividend yield today if purchased 3 years ago: 10.19%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.78

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: 05/04 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.2
DPS All xxxxxxxxxxxxxxx8.3
Sales/Revenue xxxxxxxxxxxxxxx1,260.1 M
Book Value Per Share xxxxxxxxxxxxxxx99.9
Net Operating Cash Flow xxxxxxxxxxxxxxx79.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx13.25 %
Return on Invested Capital xxxxxxxxxxxxxxx10.92 %
Return on Assets xxxxxxxxxxxxxxx6.83 %
Return on Equity xxxxxxxxxxxxxxx13.25 %
Return on Total Capital xxxxxxxxxxxxxxx16.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.6 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx77 M
Total Debt xxxxxxxxxxxxxxx81 M
Goodwill - Gross xxxxxxxxxxxxxxx70 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx43 M
Price To Book Value xxxxxxxxxxxxxxx2.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx34.8 M
Capex % of Sales xxxxxxxxxxxxxxx2.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,149 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx49 M
Research & Development xxxxxxxxxxxxxxx10 M
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

18/08/2023

1

Buy

$2.50

12.11%

The FY23 result from Ridley Corp was in line with expectations. On the positive side, Project Boost delivered $5bn in EBITDA versus the broker's expectations for around $3.5m.

The broker expects $96.5m in EBITDA in FY24 underpinned by Project Boost, supply chain rationalisation and the ramp up of Novacq. Earnings forecasts are largely unchanged and a Buy rating and $2.50 target price are maintained.

FORECAST
UBS forecasts a full year FY24 dividend of 10.00 cents and EPS of 14.00 cents.
UBS forecasts a full year FY25 dividend of 11.00 cents and EPS of 15.00 cents.
Access Stockbroker Research History >

RIC STOCK CHART

FNArena News on RIC

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 22, 2023

Aug 22 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 21, 2023

Aug 21 2023 - Daily Market Reports
4
FNArena Corporate Results Monitor – 18-08-2023

Aug 18 2023 - Australia
5
Rudi’s View: Awaiting The August Verdict

Aug 02 2023 - Rudi's View

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