NUFARM LIMITED (NUF)
Share Price Analysis and Chart

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NUF

NUF - NUFARM LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 3.53
Index: ASX200 | ASX300 | ALL-ORDS

Nufarm is an Australian agricultural chemicals company with manufacturing and marketing operations in Australia, Asia, Europe and North America. First established in 1956, it became a listed company in 1988.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.79

20 Feb
2025

-0.020

OPEN

$3.78

-0.52%

HIGH

$3.82

965,410

LOW

$3.76

TARGET
$4.19 10.6% upside
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . D2O . ELD . GNC . HFR . IPL . LGL . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
NUF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 6.8 19.7 xxx
DPS (cps) xxx 0.0 5.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.0 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx N/A 26.7% 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: 29/05 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-6.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx3,345.9 M
Book Value Per Share xxxxxxxxxxxxxxx513.8
Net Operating Cash Flow xxxxxxxxxxxxxxx472.4 M
Net Profit Margin xxxxxxxxxxxxxxx-0.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-1.29 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.17 %
Return on Assets xxxxxxxxxxxxxxx-0.12 %
Return on Equity xxxxxxxxxxxxxxx-0.25 %
Return on Total Capital xxxxxxxxxxxxxxx2.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx291.9 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx82 M
Long Term Debt xxxxxxxxxxxxxxx1,016 M
Total Debt xxxxxxxxxxxxxxx1,098 M
Goodwill - Gross xxxxxxxxxxxxxxx392 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx464 M
Price To Book Value xxxxxxxxxxxxxxx0.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx253.0 M
Capex % of Sales xxxxxxxxxxxxxxx7.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,451 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx796 M
Research & Development xxxxxxxxxxxxxxx54 M
Investments - Total xxxxxxxxxxxxxxx64 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

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

15/11/2024

1

Upgrade to Add from Hold

$4.53

19.53%

Morgans upgrades Nufarm to Add from Hold, raising the target price to $4.53 from $4.23, as the analyst believes the company appears to be through the worst of a challenging period.

The broker describes FY24 results as "weak," with net profit falling -103%, in line with management's downgraded guidance.

The company was impacted by high inventory levels and destocking in the crop protection industry, with margins under pressure as higher-priced inventory was sold.

Management provided no guidance, but Morgans  believes the outlook for crop protection has improved. Nufarm is focusing on cost reduction and improved working capital, including annualised savings of -$50m.

Morgans lowers earnings forecasts by -3%, with higher depreciation/amortisation charges offset by lower net interest costs.

FORECAST
Morgans forecasts a full year FY25 dividend of 4.00 cents and EPS of 15.00 cents.
Morgans forecasts a full year FY26 dividend of 6.00 cents and EPS of 31.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

19/08/2024

3

Market Weight

$3.97

4.75%

Nufarm’s FY24 guidance downgrade is not overly surprising in relation to the crop protection business, Wilsons suggests, given recent peer results, but provides further evidence of the challenge for investors in assessing underlying trends in the business.

The Omega-3 downgrade creates some uncertainty around the interplay between commercial scale-up trajectory and relative pricing dynamic, the broker believes, distracting from the franchise’s game-changer potential.

Wilsons notes that the valuation for Development Seeds has the potential to increase dramatically, but remains conditional on the trajectory of commercial scale-up in the respective franchises.

Target falls to $3.97 from $4.86, Market Weight retained.

FORECAST
Wilsons forecasts a full year FY25 dividend of 4.00 cents and EPS of 12.30 cents.
Access Extra Coverage Research History >

NUF STOCK CHART

FNArena News on NUF

1
January In Review: Record High For The ASX200

Feb 05 2025 - Australia
2
ESG Focus: The Little Big Things – 21-11-2024

Nov 21 2024 - ESG Focus
3
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
4
FNArena Corporate Results Monitor – 15-11-2024

Nov 15 2024 - Australia
5
Next Week At A Glance -18-22 Nov 2024

Nov 15 2024 - Weekly Reports

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