RURAL FUNDS GROUP (RFF)
Share Price Analysis and Chart

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RFF - RURAL FUNDS GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 11.82
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.00

06 Dec
2023

0.050

OPEN

$1.96

2.56%

HIGH

$2.00

565,788

LOW

$1.95

TARGET
$2.285 14.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RFF: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 24.6 11.1 xxx
DPS (cps) xxx 11.7 11.9 xxx
EPS Growth xxx - 55.5% - 55.1% xxx
DPS Growth xxx - 0.0% 1.0% xxx
PE Ratio xxx N/A 18.1 xxx
Dividend Yield xxx N/A 5.9% xxx
Div Pay Ratio(%) xxx 47.6% 107.2% xxx

Dividend yield today if purchased 3 years ago: 4.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.87

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: 30/03 - ex-div 2.9325c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx24.6
DPS All xxxxxxxxxxxxxxx11.7
Sales/Revenue xxxxxxxxxxxxxxx98.1 M
Book Value Per Share xxxxxxxxxxxxxxx258.1
Net Operating Cash Flow xxxxxxxxxxxxxxx29.3 M
Net Profit Margin xxxxxxxxxxxxxxx96.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.89 %
Return on Invested Capital xxxxxxxxxxxxxxx6.36 %
Return on Assets xxxxxxxxxxxxxxx6.14 %
Return on Equity xxxxxxxxxxxxxxx9.89 %
Return on Total Capital xxxxxxxxxxxxxxx2.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-41.9 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 xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx607 M
Total Debt xxxxxxxxxxxxxxx641 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6 M
Price To Book Value xxxxxxxxxxxxxxx0.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx37.4 M
Capex % of Sales xxxxxxxxxxxxxxx38.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx29 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx28 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,210 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

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

20/07/2023

3

Neutral

$2.17

8.50%

Rural Funds is considering the sale of unreleased water entitlements, currently generating 2% yield, as well as divesting various operating assets to reduce gearing, and prove up independent evaluations while providing earnings accretion.

As well, the company is contemplating turning off the JPS guarantee, which UBS considers unlikely to eventuate as it could impact on earnings and introduce reputation risk.

From a trough in FY23 the broker envisages earnings growth of 7% and 8% in FY24 and FY25, respectively. Neutral maintained. Target is reduced to $2.17 from $2.53.

FORECAST
UBS forecasts a full year FY24 dividend of 12.00 cents and EPS of 11.00 cents.
Access Stockbroker Research History >

RFF STOCK CHART

FNArena News on RFF

1
Rudi’s View: Yield Is Back

Oct 18 2023 - Rudi's View
2
Rudi’s View: To Sell Or Not To Sell?

Oct 04 2023 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 30, 2023

Aug 30 2023 - Daily Market Reports
4
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia
5
June In Review: Strong Finish For Outsized FY23

Jul 05 2023 - Australia

Latest REITs News

1
Australian Listed Real Estate Tables – 04-12-2023

Dec 04 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 27-11-2023

Nov 27 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 20-11-2023

Nov 20 2023 - Weekly Reports
4
Australian Listed Real Estate Tables – 13-11-2023

Nov 13 2023 - Weekly Reports
5
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
6
Australian Listed Real Estate Tables – 08-11-2023

Nov 08 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 30-10-2023

Oct 30 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 23-10-2023

Oct 23 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 16-10-2023

Oct 16 2023 - Weekly Reports
10
Australian Listed Real Estate Tables – 10-10-2023

Oct 10 2023 - Weekly Reports