RIDLEY CORPORATION LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.13 AUD | 0.00% |
|
+0.47% | -22.55% |
| 28/03 | Ridley Completes Oceania Meat Processors Acquisition | MT |
| 14/02 | Transcript : Ridley Corporation Limited, H1 2024 Earnings Call, Feb 14, 2024 |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 370.4 | 230.1 | 364.2 | 571.9 | 631.8 | 672.7 | - | - |
| Enterprise Value (EV) 1 | 471.8 | 377.3 | 456.6 | 594.8 | 661.3 | 776.1 | 765.6 | 762 |
| P/E ratio | 15.7 x | -25.9 x | 15 x | 14 x | 15.7 x | 17 x | 13.6 x | 12.6 x |
| Yield | 3.57% | 2.07% | 1.75% | 4.13% | 4.13% | 3.88% | 4.62% | 5.01% |
| Capitalization / Revenue | 0.37 x | 0.24 x | 0.39 x | 0.55 x | 0.5 x | 0.53 x | 0.5 x | 0.48 x |
| EV / Revenue | 0.47 x | 0.39 x | 0.49 x | 0.57 x | 0.52 x | 0.61 x | 0.56 x | 0.54 x |
| EV / EBITDA | 8.69 x | 6.34 x | 6.61 x | 7.42 x | 7.47 x | 8.3 x | 7.13 x | 6.66 x |
| EV / FCF | - | - | 5.86 x | 26.1 x | 14.9 x | 36.1 x | 16 x | 15.5 x |
| FCF Yield | - | - | 17.1% | 3.83% | 6.69% | 2.77% | 6.25% | 6.43% |
| Price to Book | 1.32 x | 0.87 x | 1.26 x | 1.81 x | 2 x | 2.1 x | 2 x | 1.91 x |
| Nbr of stocks (in thousands) | 3,11,256 | 3,17,432 | 3,19,495 | 3,19,495 | 3,15,905 | 3,15,833 | - | - |
| Reference price 2 | 1.190 | 0.7250 | 1.140 | 1.790 | 2.000 | 2.130 | 2.130 | 2.130 |
| Announcement Date | 23/08/19 | 25/08/20 | 24/08/21 | 17/08/22 | 16/08/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,003 | 967.9 | 927.7 | 1,049 | 1,260 | 1,277 | 1,358 | 1,415 |
| EBITDA 1 | 54.3 | 59.5 | 69.1 | 80.14 | 88.5 | 93.46 | 107.4 | 114.3 |
| EBIT 1 | 35.4 | 33.3 | 39.5 | 54.37 | 63.72 | 66.78 | 78.98 | 84.93 |
| Operating Margin | 3.53% | 3.44% | 4.26% | 5.18% | 5.06% | 5.23% | 5.82% | 6% |
| Earnings before Tax (EBT) 1 | - | - | 35 | - | 58.64 | 59.93 | 69.36 | 78.15 |
| Net income 1 | 23.56 | -8.64 | 24.9 | 42.43 | 41.82 | 41.36 | 49.67 | 54.03 |
| Net margin | 2.35% | -0.89% | 2.68% | 4.04% | 3.32% | 3.24% | 3.66% | 3.82% |
| EPS 2 | 0.0760 | -0.0280 | 0.0760 | 0.1280 | 0.1270 | 0.1254 | 0.1562 | 0.1691 |
| Free Cash Flow 1 | - | - | 77.88 | 22.79 | 44.25 | 21.51 | 47.85 | 49.03 |
| FCF margin | - | - | 8.39% | 2.17% | 3.51% | 1.68% | 3.52% | 3.46% |
| FCF Conversion (EBITDA) | - | - | 112.7% | 28.44% | 49.99% | 23.02% | 44.55% | 42.88% |
| FCF Conversion (Net income) | - | - | 312.76% | 53.71% | 105.79% | 52.01% | 96.34% | 90.75% |
| Dividend per Share 2 | 0.0425 | 0.0150 | 0.0200 | 0.0740 | 0.0825 | 0.0826 | 0.0985 | 0.1067 |
| Announcement Date | 23/08/19 | 25/08/20 | 24/08/21 | 17/08/22 | 16/08/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 480.6 | 470.2 | 457.6 | - | 540.4 | 637.9 | 622.3 | 637.8 | 658.4 | 701.6 | 727.5 | 743.4 | 759.6 |
| EBITDA | - | 32 | - | 32 | - | 41 | 44.12 | 44.38 | - | - | - | - | - | - |
| EBIT 1 | - | 18.7 | - | 17 | - | 28.45 | 31.48 | 32.25 | 35.43 | 32.2 | 38.88 | 41.72 | 43.25 | 45.91 |
| Operating Margin | - | 3.89% | - | 3.72% | - | 5.26% | 4.93% | 5.18% | 5.55% | 4.89% | 5.54% | 5.73% | 5.82% | 6.04% |
| Earnings before Tax (EBT) 1 | - | - | - | 18 | - | 28.89 | 29.42 | - | 30.29 | 28.07 | 32.8 | 36.57 | 37.67 | 40.47 |
| Net income | 0.396 | -9.036 | - | 13.3 | 22.58 | 19.85 | 20.96 | - | - | - | - | - | - | - |
| Net margin | - | -1.88% | - | 2.91% | - | 3.67% | 3.29% | - | - | - | - | - | - | - |
| EPS 2 | 0.001000 | - | 0.0360 | - | 0.0680 | - | 0.0640 | - | 0.0660 | 0.0591 | 0.0712 | 0.0793 | 0.0818 | 0.0878 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 25/02/20 | 25/08/20 | 23/02/21 | 24/08/21 | 16/02/22 | 17/08/22 | 15/02/23 | 16/08/23 | 13/02/24 | - | - | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 101 | 147 | 92.4 | 22.9 | 29.5 | 103 | 92.8 | 89.3 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.868 x | 2.474 x | 1.337 x | 0.2857 x | 0.3333 x | 1.106 x | 0.8643 x | 0.7807 x |
| Free Cash Flow 1 | - | - | 77.9 | 22.8 | 44.2 | 21.5 | 47.9 | 49 |
| ROE (net income / shareholders' equity) | 8.72% | 8.28% | 9.09% | 12% | 13.2% | 12.9% | 14.4% | 15% |
| ROA (Net income/ Total Assets) | 4.35% | 3.66% | - | - | 6.83% | 8.63% | 9.53% | 9.9% |
| Assets 1 | 541.7 | -236.3 | - | - | 612.5 | 479.2 | 521.4 | 545.6 |
| Book Value Per Share 2 | 0.9000 | 0.8400 | 0.9000 | 0.9900 | 1.000 | 1.010 | 1.070 | 1.120 |
| Cash Flow per Share 2 | 0.1200 | 0.0800 | 0.2600 | 0.1400 | 0.2400 | 0.1800 | 0.2700 | 0.2600 |
| Capex 1 | 73.3 | 56.2 | 19.4 | 23.8 | 34.3 | 38.1 | 37.2 | 35.8 |
| Capex / Sales | 7.31% | 5.81% | 2.09% | 2.27% | 2.72% | 2.99% | 2.74% | 2.53% |
| Announcement Date | 23/08/19 | 25/08/20 | 24/08/21 | 17/08/22 | 16/08/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2.13
AUD
Average target price
2.518
AUD
Spread / Average Target
+18.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -22.55% | 449M | |
| +4.77% | 10.73B | |
| -1.93% | 5.68B | |
| +16.84% | 5.14B | |
| +1.00% | 5.09B | |
| -35.40% | 2.18B | |
| -1.08% | 1.83B | |
| -28.53% | 1.05B | |
| +42.84% | 980M | |
| -23.60% | 809M |
- Stock Market
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- Financials Ridley Corporation Limited
