RURAL FUNDS GROUP (RFF)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

RFF - RURAL FUNDS GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 14.61
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.91

22 Oct
2024

-0.035

OPEN

$1.94

-1.80%

HIGH

$1.94

1,074,495

LOW

$1.91

TARGET
$2.285 19.6% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
RFF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 20.8 11.2 xxx
DPS (cps) xxx 11.7 11.9 xxx
EPS Growth xxx - 15.6% - 46.1% xxx
DPS Growth xxx 0.0% 1.0% xxx
PE Ratio xxx N/A 17.1 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 56.4% 105.8% xxx

Dividend yield today if purchased 3 years ago: 4.19%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.11

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: 27/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx20.8
DPS All xxxxxxxxxxxxxxx11.7
Sales/Revenue xxxxxxxxxxxxxxx111.4 M
Book Value Per Share xxxxxxxxxxxxxxx275.9
Net Operating Cash Flow xxxxxxxxxxxxxxx31.6 M
Net Profit Margin xxxxxxxxxxxxxxx72.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.79 %
Return on Invested Capital xxxxxxxxxxxxxxx4.70 %
Return on Assets xxxxxxxxxxxxxxx4.50 %
Return on Equity xxxxxxxxxxxxxxx7.79 %
Return on Total Capital xxxxxxxxxxxxxxx2.17 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-35.3 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 xxxxxxxxxxxxxxx36 M
Long Term Debt xxxxxxxxxxxxxxx752 M
Total Debt xxxxxxxxxxxxxxx788 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx54.9 M
Capex % of Sales xxxxxxxxxxxxxxx49.29 %
Cost of Goods Sold xxxxxxxxxxxxxxx40 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,319 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

0.5

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

26/08/2024

1

Buy

$2.50

30.89%

FY24 results from Rural Funds came in higher than Bell Potter's forecasts with an 18% lift in revenues and a dividend of 5.86c which met expectations.

Farming operations were the reason for the stronger results post a loss from farming in 1H24.

Net debt improved with a shifting of macadamia capex to FY25.

Bell Potter believes the circa -33% discount to the market net asset value is "excessive". Buy rated.

Target price revised to $2.50 from $2.40.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 11.70 cents and EPS of 11.40 cents.
Bell Potter forecasts a full year FY26 dividend of 12.20 cents and EPS of 12.20 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Wilsons

28/08/2024

1

Overweight

$2.43

27.23%

Rural Funds delivered a "solid" FY24, according to Wilsons, while FY25 guidance was in line with the broker's expectations but fell short of consensus estimates.

Property income jumped by 13% primarily driven by additional rental income earned on macadamia developments, explain the analysts.

The broker anticipates earnings growth will accelerate in the medium-term and distribution will grow.

The Overweight rating remains, and the target falls to $2.43 from $2.49. 

FORECAST
Wilsons forecasts a full year FY25 dividend of 11.70 cents and EPS of 11.40 cents.
Wilsons forecasts a full year FY26 dividend of 12.20 cents and EPS of 12.40 cents.
Access Extra Coverage Research History >

RFF STOCK CHART

FNArena News on RFF

1
Rudi’s View: China Scepsis, Energy Preferences & The US Election

Oct 10 2024 - Rudi's View
2
Rudi’s View: AGL, GPT, James Hardie, Qantas, Pilbara & Xero

Oct 03 2024 - Rudi's View
3
FNArena Corporate Results Monitor – 06-09-2024

Sep 06 2024 - Australia
4
Australian Broker Call *Extra* Edition – Aug 28, 2024

Aug 28 2024 - Daily Market Reports
5
Rudi’s View: Model Portfolios, Best Ideas & Conviction Calls

Aug 15 2024 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 21-10-2024

Oct 21 2024 - Weekly Reports
2
Australian Listed Real Estate Tables – 14-10-2024

Oct 14 2024 - Weekly Reports
3
The Case For Charter Hall

Oct 07 2024 - Australia
4
Australian Listed Real Estate Tables – 07-10-2024

Oct 07 2024 - Weekly Reports
5
Australian Listed Real Estate Tables – 30-09-2024

Sep 30 2024 - Weekly Reports
6
Australian Listed Real Estate Tables – 23-09-2024

Sep 23 2024 - Weekly Reports
7
Australian Listed Real Estate Tables – 16-09-2024

Sep 16 2024 - Weekly Reports
8
Australian Listed Real Estate Tables – 09-09-2024

Sep 09 2024 - Weekly Reports
9
Australian Listed Real Estate Tables – 02-09-2024

Sep 02 2024 - Weekly Reports
10
Australian Listed Real Estate Tables – 26-08-2024

Aug 26 2024 - Weekly Reports