GRAINCORP LIMITED (GNC)
Share Price Analysis and Chart

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GNC - GRAINCORP LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 1.74
Index: ASX200 | ASX300 | ALL-ORDS

Graincorp is an Australian company with operations in grains and oilseeds in several countries. It also provides transport and marketing services. Originally founded in 1917, it was privatised in 1992 and listed on the ASX in 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.47

21 Feb
2024

-0.030

OPEN

$7.41

-0.40%

HIGH

$7.49

745,062

LOW

$7.37

TARGET
$8.662 16.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CGC . D2O . ELD . HFR . IPL . LGL . MWY . NAM . NUF . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
GNC: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 111.7 38.1 xxx
DPS (cps) xxx 0.0 22.8 xxx
EPS Growth xxx - 33.3% - 65.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.7 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 0.0% 59.7% 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: 29/11 - ex-div 30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx111.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx8,214.1 M
Book Value Per Share xxxxxxxxxxxxxxx709.9
Net Operating Cash Flow xxxxxxxxxxxxxxx575.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx16.40 %
Return on Invested Capital xxxxxxxxxxxxxxx13.37 %
Return on Assets xxxxxxxxxxxxxxx7.25 %
Return on Equity xxxxxxxxxxxxxxx16.40 %
Return on Total Capital xxxxxxxxxxxxxxx21.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx388.2 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 xxxxxxxxxxxxxxx870 M
Long Term Debt xxxxxxxxxxxxxxx337 M
Total Debt xxxxxxxxxxxxxxx1,207 M
Goodwill - Gross xxxxxxxxxxxxxxx86 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx735 M
Price To Book Value xxxxxxxxxxxxxxx0.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx66.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,433 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx206 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx86 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

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

15/02/2024

1

Outperform

$9.26

23.96%

GrainCorp's management has sharply downgraded guidance, advising the company's FY24 results to date are lagging expectations.

Macquarie observes the new earnings (EBITDA) guidance range is -11% below consensus forecasts and -14% below the broker's forecast.

The downgrade was sheeted back to weaker volumes in higher margin Northern NSW and Queensland businesses and challenging seasonal conditions in Canada, which have hit returns from GrainCorp's Canadian joint venture GrainsConnect.

While the outlook for the rest of FY24 and FY25 has improved sharply due to rainfall, and the broker observes weather forecasters are laying odds on a wet (La Nina) season in June August, FY24 EPS forecasts fall -22% to reflect the difficult Spring. FY25 EPS forecasts fall -4%.

The broker appreciates the balance sheet and spies plenty of M&A and capital return options in the wings. Outperform rating retained. Target price falls to $9.26 from $9.70.

FORECAST
Macquarie forecasts a full year FY24 dividend of 28.70 cents and EPS of 40.30 cents.
Macquarie forecasts a full year FY25 dividend of 29.20 cents and EPS of 41.70 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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GNC STOCK CHART