AUSTRALIAN AGRICULTURAL COMPANY LIMITED (AAC)
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AAC - AUSTRALIAN AGRICULTURAL COMPANY LIMITED

FNArena Sector : Agriculture
Year End: March
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: -2.54
Index: ALL-ORDS

Australian Agricultural Co is an Australian beef producer with extensive farms and feedlots in Queensland and the Northern Territory. Established in 1824, it is Australia's oldest operating company. It listed on the ASX in 2001.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.33

28 Feb
2024

0.000

OPEN

$1.33

0.000

HIGH

$1.36

456,301

LOW

$1.32

TARGET
$2.00 50.4% upside
OTHER COMPANIES IN THE SAME SECTOR
AMN . APC . CBO . D2O . ELD . GNC . HFR . IPL . LGL . MWY . NAM . NUF . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
AAC: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 0.0 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

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: 11/09 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx0.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx313.4 M
Book Value Per Share xxxxxxxxxxxxxxx259.2
Net Operating Cash Flow xxxxxxxxxxxxxxx16.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.32 %
Return on Invested Capital xxxxxxxxxxxxxxx0.25 %
Return on Assets xxxxxxxxxxxxxxx0.20 %
Return on Equity xxxxxxxxxxxxxxx0.32 %
Return on Total Capital xxxxxxxxxxxxxxx-10.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2.5 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 xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx418 M
Total Debt xxxxxxxxxxxxxxx430 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4 M
Price To Book Value xxxxxxxxxxxxxxx0.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx18.5 M
Capex % of Sales xxxxxxxxxxxxxxx5.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx449 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx57 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

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

Bell Potter

08/02/2024

1

Buy

$2.00

50.38%

There has been sharp upward movement in cattle market indicators since Australian Agricultural Co reported on its first half. The Eastern States Young Cattle Indicator (EYCI) suggests prices have rallied around 87% since the end of the first half.

This rapid increase has led Bell Potter to review its average live price assumption over FY24-26, noting there is historically a 79% correlation between Australian Agricultural Co's received live cattle price and ECYI values. 

Northern grain pricing has also declined -14-17% since the first half result, and should benefit Australian Agricultural Co's feed costs.

The Buy rating is retained and the target price increases to $2.00 from $1.90.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.00 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.20 cents.

AAC STOCK CHART