NUFARM LIMITED (NUF)
Share Price Analysis and Chart

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NUF - NUFARM LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Materials
Debt/EBITDA: 2.9
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

$3.92

16 Sep
2024

0.000

OPEN

$3.92

0.000

HIGH

$3.92

0

LOW

$3.92

TARGET
$4.59 17.1% upside
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . D2O . ELD . GNC . HFR . IPL . LGL . MWY . NAM . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
NUF: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 26.3 9.4 xxx
DPS (cps) xxx 10.0 6.0 xxx
EPS Growth xxx - 0.2% - 64.1% xxx
DPS Growth xxx 0.0% - 40.0% xxx
PE Ratio xxx N/A 41.6 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 38.1% 63.7% xxx

Dividend yield today if purchased 3 years ago: 2.35%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.55

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx26.3
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx3,480.6 M
Book Value Per Share xxxxxxxxxxxxxxx541.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-125.6 M
Net Profit Margin xxxxxxxxxxxxxxx3.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx5.03 %
Return on Invested Capital xxxxxxxxxxxxxxx3.51 %
Return on Assets xxxxxxxxxxxxxxx2.38 %
Return on Equity xxxxxxxxxxxxxxx4.98 %
Return on Total Capital xxxxxxxxxxxxxxx7.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-311.7 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 xxxxxxxxxxxxxxx48 M
Long Term Debt xxxxxxxxxxxxxxx1,213 M
Total Debt xxxxxxxxxxxxxxx1,261 M
Goodwill - Gross xxxxxxxxxxxxxxx400 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx411 M
Price To Book Value xxxxxxxxxxxxxxx0.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx226.7 M
Capex % of Sales xxxxxxxxxxxxxxx6.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,460 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx775 M
Research & Development xxxxxxxxxxxxxxx45 M
Investments - Total xxxxxxxxxxxxxxx68 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

-0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgans

19/08/2024

3

Hold

$4.23

7.91%

Nufarm offered an "unsurprising" trading update according to Morgans, on the back of soft results from peers.

Management downgraded FY24 earnings guidance by -14.3% to -15.4% including lower prices on reasonable volumes, the analyst notes.

Lowere European sales to Chinese green roofs are not unexpected with the decline in commercial building; Omega-3 revenue guidance was also decreased.

Accordingly, the broker lowers EPS forecasts by -14.9% for FY25 and -14.5% for FY25. Target price falls to $4.23 from $5.22. Hold rating unchanged.

FORECAST
Morgans forecasts a full year FY24 dividend of 8.00 cents and EPS of 14.90 cents.
Morgans forecasts a full year FY25 dividend of 10.00 cents and EPS of 28.90 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

1.28%

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 FY24 dividend of 4.00 cents and EPS of minus -2.50 cents.
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
Weekly Ratings, Targets, Forecast Changes – 23-08-24

Aug 26 2024 - Weekly Reports
2
Rudi’s View: August Paints A Bifurcated Picture

Aug 21 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 19, 2024

Aug 19 2024 - Daily Market Reports
4
Rudi’s View: What Can August Deliver?

Jul 31 2024 - Rudi's View
5
Rudi’s View: Diverging Risks In A Polarised Market

Jul 03 2024 - Rudi's View

Latest Agriculture News

1
Incitec Pivot Shares Eyeing $3.40

May 21 2024 - Technicals
2
Australia’s Agricultural Industry Diversifies

Dec 04 2023 - Australia
3
Next Week At A Glance – 27 Nov – 1 Dec 2023

Nov 24 2023 - Weekly Reports
4
Nufarm Crushes Seeds Of Doubt

May 25 2023 - Australia
5
Incitec Pivot Misses Expectations, Demerger Pending

May 18 2023 - Australia
6
Treasure Chest: Opportunities For Ridley Corp

Apr 26 2023 - Treasure Chest
7
Headwinds Linger for Select Harvests

Nov 24 2022 - Small Caps
8
United Malt Guides To Better Times Ahead

Nov 23 2022 - Small Caps
9
Nufarm Confident About Continued Growth

Nov 22 2022 - Small Caps
10
Waggaman Review Delays Incitec Pivot’s Split

Nov 17 2022 - Australia