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Ridley Corporation Limited (ASX:RIC)

AU$2.25

 -0.03 (-1.316%)
ASX:Live
06/09/2024 04:10:33 PM
HALO Small HALO Ords HALO MQV SMALL HALO MQV GROWTH AUS +3
Consensus Score
/10
Recommend
Target Price
Deviation
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RIC Overview

RIC Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Very Weak

GARP

Neutral

MQV Small

Very Weak

Valuation

Value

Consensus

Momentum

Price

Neutral

Earnings

Neutral

Growth

Earnings

Strong

Dividends

Weak

Quality

Capital Efficiency

Weak

Balance Sheet

Strong

About RIC

Telephone

Address

Description

Ridley Corp. Ltd. engages in the production and market of stock feed and animal feed supplements. It operates through the Packaged and Ingredients, and Bulk Stockfeeds segments. The Packaged and Ingredients segment refers to the group's premium quality, high performance animal nutrition ingredient solutions delivered in packaged. The Bulk Stockfeeds segment pertains to the group's premium quality, high performance animal nutrition ingredient solutions delivered in bulk. The company was founded in 1987 and is headquartered in Melbourne, Australia.

RIC Price Chart

Key Stats

Market Cap

AU$732.73M

PE

18.50

EV/EBITDA

8.8

Dividends Overview

DIV Yield

3.8%

Franking

100%

Ex Dividend Date (est.)

07-Oct-24

Market Data

52 weeks range

Low 1.98 - 2.86

Trade Value (12mth)

AU$390,142.00

1 week

2.7%

1 month

5.56%

YTD

-17.69%

1 year

2.7%

All time high

2.86

Key Fundamentals

EPS 3 yr Growth

61.60%

EBITDA Margin

7.30%

Operating Cashflow

$105m

Free Cash Flow Return

26.00%

ROIC

9.90%

Interest Coverage

10.70

Quick Ratio

0.70

Other Data

Shares on Issue (Fully Dilluted)

328m

HALO Sector

Next Company Report Date

20-Aug-25

Ex Dividend Date (est.)

07-Oct-24

Next Dividend Pay Date (est.)

24-Oct-24

Reporting Currency

AUD

Short Sell (% of issue)

0.44

RIC Announcements

Latest Announcements

Date Announcements

04 September 24

Notification regarding unquoted securities - RIC

×

Notification regarding unquoted securities - RIC

27 August 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

21 August 24

Preliminary Final Report

×

Preliminary Final Report

21 August 24

Dividend/Distribution - RIC

×

Dividend/Distribution - RIC

21 August 24

FY24 Full Year Results Investor Presentation

×

FY24 Full Year Results Investor Presentation

21 August 24

On Market Share Buy-Back Announcement

×

On Market Share Buy-Back Announcement

21 August 24

Announcement of Share Buy-Back - Appendix 3C

×

Announcement of Share Buy-Back - Appendix 3C

02 August 24

Investor Briefing Details - FY24 Full Year Results

×

Investor Briefing Details - FY24 Full Year Results

02 July 24

Notification of cessation of securities - RIC

×

Notification of cessation of securities - RIC

22 May 24

Market Update - Wilsons and Agfood Conferences

×

Market Update - Wilsons and Agfood Conferences

10 April 24

Notification of cessation of securities - RIC

×

Notification of cessation of securities - RIC

09 April 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

28 March 24

Completion of Oceania Meat Processors Acquisition

×

Completion of Oceania Meat Processors Acquisition

28 March 24

Change in substantial holding

×

Change in substantial holding

21 March 24

Becoming a substantial holder

×

Becoming a substantial holder

08 March 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

08 March 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

08 March 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

08 March 24

Change of Director's Interest Notice

×

Change of Director's Interest Notice

06 March 24

Notification of cessation of securities - RIC

×

Notification of cessation of securities - RIC

14 February 24

Half Yearly Report and Accounts

×

Half Yearly Report and Accounts

14 February 24

Dividend/Distribution - RIC

×

Dividend/Distribution - RIC

14 February 24

Investor Presentation FY24 1H Results

×

Investor Presentation FY24 1H Results

05 February 24

Investor Briefing - Half Year FY24 Results

×

Investor Briefing - Half Year FY24 Results

18 December 23

Agreement to Acquire Oceania Meat Processors

×

Agreement to Acquire Oceania Meat Processors

RIC Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.13 0.13 0.13 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.13 0.13 0.12 Lock Lock Lock
     Growth % Lock Lock Lock Lock 70.0 -0.3 -4.7 Lock Lock Lock
     PE X Lock Lock Lock Lock 17.1 16.1 18.5 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 7.6 7.5 8.8 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.19 0.23 0.22 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.02 0.06 0.14 Lock Lock Lock
     Growth % Lock Lock Lock Lock 6.9 21.7 -1.8 Lock Lock Lock
     Yield % Lock Lock Lock Lock 1.0 3.0 6.8 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.07 0.08 0.09 Lock Lock Lock
     Growth % Lock Lock Lock Lock 270.0 11.5 9.7 Lock Lock Lock
     Yield % Lock Lock Lock Lock 3.7 4.2 3.8 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 56 62 72 Lock Lock Lock
BPS $ Lock Lock Lock Lock 0.99 1.00 1.02 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.75 0.76 0.68 Lock Lock Lock
     Growth % Lock Lock Lock Lock 13.9 1.3 -10.7 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 332 330 326 Lock Lock Lock
Basic m Lock Lock Lock Lock 319 316 316 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 1,049 1,260 1,263 Lock Lock Lock
     Growth % Lock Lock Lock Lock 13.1 20.1 0.2 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 46 49 50 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 100 111 116 Lock Lock Lock
     Growth % Lock Lock Lock Lock 28.5 11.8 4.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 9.5 8.8 9.2 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 91 91 91 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 80 88 92 Lock Lock Lock
     Growth % Lock Lock Lock Lock 22.1 10.0 5.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 7.6 7.0 7.3 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 26 25 26 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 54 63 66 Lock Lock Lock
     Growth % Lock Lock Lock Lock 51.4 16.7 5.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 5.1 5.0 5.2 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 60 59 56 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 18 17 16 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 42 42 40 Lock Lock Lock
     Growth % Lock Lock Lock Lock 70.4 -1.4 -4.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 4.0 3.3 3.2 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 47 79 105 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 24 35 33 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock 36 -35 -86 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -96 -28 -28 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 23 45 74 Lock Lock Lock
     Growth % Lock Lock Lock Lock -65.7 96.6 65.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.0 0.0 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 20 32 32 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 27 43 34 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 607 618 664 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 57 77 93 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 35 38 64 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 291 302 341 Lock Lock Lock
Equity $m Lock Lock Lock Lock 316 315 323 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 373 392 416 Lock Lock Lock
     Growth % Lock Lock Lock Lock -11.1 5.1 6.1 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 7.0 6.8 6.0 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 13.4 13.3 12.3 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 13.4 16.2 16.2 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 10.7 10.9 9.9 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 11.7 20.7 26.0 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 27.9 16.0 10.7 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 0.4 0.4 0.7 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 11.0 12.1 19.8 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.2 1.3 1.1 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 0.7 0.8 0.7 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 9.8 15.2 12.4 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 19.9 35.1 42.9 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 8.5 9.4 9.4 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 9.5 10.2 10.8 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 24.0 21.4 42.3 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 19.3 16.3 17.5 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 1.7 2.0 1.9 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 1.7 2.0 1.9 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 5.8 4.7 4.4 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 10.0 9.5 8.4 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 29.8 28.7 28.9 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 7.0 6.8 6.0 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.9 2.0 2.1 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 13.4 13.3 12.3 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 44.3 37.7 28.3 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 5.9 5.0 3.5 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 38.3 35.6 33.8 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 42.9 38.6 38.9 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 81.2 74.3 72.7 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 68.1 65.3 67.8 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 13.0 9.0 4.9 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

07-Oct-24

DIV Yield

3.8%

Franking Level

100%

DPSg

9.70%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.44%

Value ($M)

3

Prior Change

N/A

7 Day Change

N/A

1 Month Change

-0.10%

3 Month Change

-0.10%

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RIC Shortsell

Frequently Asked Questions

The current share price of Ridley Corporation Limited (RIC:ASX) is AU$2.25.
The 52-week high share price for Ridley Corporation Limited (RIC:ASX) is AU$2.86.
The 52-week low share price for Ridley Corporation Limited (RIC:ASX)? is AU$1.98.
The current TTM dividend payout for Ridley Corporation Limited (RIC:ASX) is 3.80.
The last dividend payment of Ridley Corporation Limited (RIC:ASX) is AU$0.04.
Ridley Corporation Limited (RIC:ASX) has a franking level of 100.0%.
Ridley Corporation Limited (RIC:ASX) is classified in the Staples.
The current P/E ratio for Ridley Corporation Limited (RIC:ASX) is 18.50.