RIDLEY CORPORATION LIMITED (RIC)
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RIC - RIDLEY CORPORATION LIMITED

FNArena Sector : Agriculture
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 0.93
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.32

16 Apr
2024

-0.100

OPEN

$2.41

-4.13%

HIGH

$2.41

294,888

LOW

$2.31

TARGET
$2.80 20.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . D2O . ELD . GNC . HFR . IPL . LGL . MWY . NAM . NUF . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
RIC: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 13.0 xxx
DPS (cps) xxx N/A N/A xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.0 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: 7.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.53

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: 03/04 - ex-div 4.4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.2
DPS All xxxxxxxxxxxxxxx8.3
Sales/Revenue xxxxxxxxxxxxxxx1,260.1 M
Book Value Per Share xxxxxxxxxxxxxxx99.9
Net Operating Cash Flow xxxxxxxxxxxxxxx79.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx13.25 %
Return on Invested Capital xxxxxxxxxxxxxxx10.92 %
Return on Assets xxxxxxxxxxxxxxx6.83 %
Return on Equity xxxxxxxxxxxxxxx13.25 %
Return on Total Capital xxxxxxxxxxxxxxx16.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.6 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 xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx77 M
Total Debt xxxxxxxxxxxxxxx81 M
Goodwill - Gross xxxxxxxxxxxxxxx70 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx43 M
Price To Book Value xxxxxxxxxxxxxxx2.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx34.8 M
Capex % of Sales xxxxxxxxxxxxxxx2.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,149 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx49 M
Research & Development xxxxxxxxxxxxxxx10 M
Investments - Total xxxxxxxxxxxxxxx-

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

UBS

15/02/2024

1

Buy

$2.80

20.69%

Ridley Corp's December-half result met UBS forecasts, the broker describing the result as solid.

Stockfeeds drove an uplift in procurement margins.

Since the result, weaker tallow prices (due to the commissioning of US biodiesel plants) in January have dampened investors sentiment, observes the broker.

UBS expects this could continue to dog the company in the June half and cuts FY24 EPS forecasts by -4% accordingly.

Ridley Corp is one of UBS's preferred agricultural companies, the broker considering it to be relatively resilient to market cycles, and expecting 17% earnings (EBITDA) growth in FY23.

UBS says this estimate reflects the OMP acquisition; cost and plant efficiencies, and improvements in supply chains and freight network rationalisation; improved volumes as poultry recovers and bottlenecks are removed; and continuing expansion.

Buy rating and $2.80 target price retained.

FORECAST
UBS forecasts a full year FY24 EPS of 13.00 cents.
UBS forecasts a full year FY25 EPS of 16.00 cents.

RIC STOCK CHART