RETAIL FOOD GROUP LIMITED (RFG)
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RFG

RFG - RETAIL FOOD GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: N/A
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.76

20 Aug
2025

-0.310

OPEN

$2.00

-14.98%

HIGH

$2.00

497,060

LOW

$1.69

TARGET
$2.55 44.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . EDV . GYG . ING . LRK . MBH . MTS . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
RFG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 23.9 21.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.7 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx9.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx125.2 M
Book Value Per Share xxxxxxxxxxxxxxx334.2
Net Operating Cash Flow xxxxxxxxxxxxxxx15.4 M
Net Profit Margin xxxxxxxxxxxxxxx4.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx2.84 %
Return on Invested Capital xxxxxxxxxxxxxxx2.05 %
Return on Assets xxxxxxxxxxxxxxx1.61 %
Return on Equity xxxxxxxxxxxxxxx2.84 %
Return on Total Capital xxxxxxxxxxxxxxx0.10 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx10.3 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 xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx81 M
Total Debt xxxxxxxxxxxxxxx114 M
Goodwill - Gross xxxxxxxxxxxxxxx279 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx0.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx5.0 M
Capex % of Sales xxxxxxxxxxxxxxx4.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx74 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx51 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

21/08/2025

1

Buy

$2.60

47.73%

Retail Food Group’s FY25 result was broadly in line with Bell Potter's expectations, with underlying earnings (EBITDA) of $29.6m versus the $30m forecast by consensus.

Network sales of $505.4m were flat year-on-year, with Coffee, Cafe & Bakery steady and Quick Service Restaurants ahead, observes the broker.

Corporate store losses of -$1.5m were shifted to non-core as the company exits corporate outlets and considers selling Brumby’s, explain the analysts.This leaves Donut King, Gloria Jeans, Crust, Beefy’s and Firehouse Subs as the core growth brands.

The broker sees around 2.5% sales growth in FY26 from brand consolidation and franchising. The analysts' forecasts are cut by -4.3% to -13.4% for FY26-28, though Beefy’s and Firehouse Subs are viewed as strong growth levers.

Bell Potter lowers its target price to $2.60 from $3.60 and retains a Buy rating.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 17.60 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 17.90 cents.
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

Petra Capital

24/02/2025

1

Buy

$4.25

141.48%

Petra Capital notes Retail Food's 1H25 bettered its expectations mainly due to strong EBITDA margin in the CCB business (7.7% vs Petra's 6.5% estimate).

QSR business was significantly down and still faces challenges, the broker believes, but may eventually be buoyed by the addition of the Firehouse Subs brand.

The broker upgraded forecasts mainly for CCB business but also lifted revenue growth expectations for QSR. The broker has not factored any positive impact from the RBA rate cut, and acknowledges it is an upside risk.

The Buy rating is retained and the target price increases sharply to $4.25 on 1:40 share price consolidation, earnings changes, lift in equity beat to 1.5x from 1.35x and reduction in terminal growth rate to 2.0% from 2.5%.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 8.00 cents and EPS of 26.80 cents.
Access Extra Coverage Research History >

RFG STOCK CHART

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