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: 13.16
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.28

21 Feb
2025

0.180

OPEN

$2.15

8.57%

HIGH

$2.35

205,005

LOW

$2.10

TARGET
$3.50 53.5% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 9.4 19.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.5 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

20/02/2025

1

Buy

$3.00

31.58%

Retail Food delivered first half EBITDA that was ahead of expectations.

Shaw and Partners observes the business is changing to growth from a "turnaround story", having reached an agreement with Restaurant Brands International to launch the Firehouse Subs brand in Australia .

It will also extend the roll-out of Beefys to 50-plus stores over three years, from the current 15. The broker takes a measured view on margins and reduces FY26-30 estimates for earnings materially.

With an eye on peer valuations, which have contracted, the target is reduced to $3 from $4. Buy rating retained.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 22.80 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 27.20 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

22/02/2025

1

Buy

$4.25

86.40%

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%). 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 of 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 FY25 dividend of 3.70 cents and EPS of 22.30 cents.
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

FNArena News on RFG

1
FNArena Corporate Results Monitor – 22-02-2025

Feb 22 2025 - Australia
2
FNArena Corporate Results Monitor – 20-02-2025

Feb 20 2025 - Australia
3
Next Week At A Glance -17-21 Feb 2025

Feb 14 2025 - Weekly Reports
4
Next Week At A Glance – 9-13 Dec 2024

Dec 06 2024 - Weekly Reports
5
Next Week At A Glance -18-22 Nov 2024

Nov 15 2024 - Weekly Reports

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