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AAP

Australian Agricultural ProjectsASX:AAP Stock Report

Market Cap

AU$9.2m

7D

-9.1%

1Y

66.7%

Updated

20 Oct, 2021

Data

Company Financials
AAP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

AAP Overview

Australian Agricultural Projects Ltd operates and manages olive groves located in Boort, Victoria.

Price History & Performance

Summary of all time highs, changes and price drops for Australian Agricultural Projects
Historical stock prices
Current Share PriceAU$0.03
52 Week HighAU$0.013
52 Week LowAU$0.047
Beta2.11
1 Month Change0%
3 Month Change-6.25%
1 Year Change66.67%
3 Year Change50.01%
5 Year Change-3.22%
Change since IPO-91.05%

Recent News & Updates

Sep 03
Here's Why Australian Agricultural Projects (ASX:AAP) Has A Meaningful Debt Burden

Here's Why Australian Agricultural Projects (ASX:AAP) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Feb 28
How Much Is Australian Agricultural Projects Ltd (ASX:AAP) Paying Its CEO?

How Much Is Australian Agricultural Projects Ltd (ASX:AAP) Paying Its CEO?

Paul Challis has been the CEO of Australian Agricultural Projects Ltd ( ASX:AAP ) since 2007, and this article will...

Shareholder Returns

AAPAU FoodAU Market
7D-9.1%-1.8%1.7%
1Y66.7%0.7%20.2%

Return vs Industry: AAP exceeded the Australian Food industry which returned 0.7% over the past year.

Return vs Market: AAP exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is AAP's price volatile compared to industry and market?
AAP volatility
AAP Beta2.11
Industry Beta0.55
Market Beta1

Stable Share Price: AAP is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: Insufficient data to determine AAP's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aPaul Challishttps://www.voopl.com.au

Australian Agricultural Projects Ltd operates and manages olive groves located in Boort, Victoria. It produces and sells extra virgin olive oil. The company was formerly known as Redisland Australia Limited and changed its name to Australian Agricultural Projects Ltd in February 2013.

Australian Agricultural Projects Fundamentals Summary

How do Australian Agricultural Projects's earnings and revenue compare to its market cap?
AAP fundamental statistics
Market CapAU$9.15m
Earnings (TTM)AU$978.23k
Revenue (TTM)AU$3.32m

9.4x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AAP income statement (TTM)
RevenueAU$3.32m
Cost of RevenueAU$1.66m
Gross ProfitAU$1.65m
ExpensesAU$676.47k
EarningsAU$978.23k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0032
Gross Margin49.85%
Net Profit Margin29.47%
Debt/Equity Ratio91.9%

How did AAP perform over the long term?

See historical performance and comparison

Valuation

Is Australian Agricultural Projects undervalued compared to its fair value and its price relative to the market?

9.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AAP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AAP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AAP is good value based on its PE Ratio (9.4x) compared to the Australian Food industry average (19.2x).

PE vs Market: AAP is good value based on its PE Ratio (9.4x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AAP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AAP is good value based on its PB Ratio (1.2x) compared to the AU Food industry average (1.6x).


Future Growth

How is Australian Agricultural Projects forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Australian Agricultural Projects has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Australian Agricultural Projects performed over the past 5 years?

-35.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAP has a large one-off gain of A$327.1K impacting its June 30 2021 financial results.

Growing Profit Margin: AAP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AAP has become profitable over the past 5 years, growing earnings by -35.3% per year.

Accelerating Growth: AAP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AAP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (45.2%).


Return on Equity

High ROE: AAP's Return on Equity (13%) is considered low.


Financial Health

How is Australian Agricultural Projects's financial position?


Financial Position Analysis

Short Term Liabilities: AAP's short term assets (A$3.7M) exceed its short term liabilities (A$3.0M).

Long Term Liabilities: AAP's short term assets (A$3.7M) do not cover its long term liabilities (A$6.7M).


Debt to Equity History and Analysis

Debt Level: AAP's debt to equity ratio (91.9%) is considered high.

Reducing Debt: AAP's debt to equity ratio has increased from 81.1% to 91.9% over the past 5 years.

Debt Coverage: AAP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AAP's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Dividend

What is Australian Agricultural Projects's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AAP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AAP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AAP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AAP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AAP's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.1yrs

Average board tenure


CEO

Paul Challis

14.08yrs

Tenure

AU$160,348

Compensation

Mr. Paul Robert Challis has been the Managing Director of Australian Agricultural Projects Ltd (formerly Redisland Australia Limited) since September 12, 2007 and serves as its Chief Executive Officer. Mr....


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD119.89K) is below average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: AAP's board of directors are seasoned and experienced ( 14.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Australian Agricultural Projects Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Australian Agricultural Projects Ltd
  • Ticker: AAP
  • Exchange: ASX
  • Founded: 2003
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$9.151m
  • Shares outstanding: 305.04m
  • Website: https://www.voopl.com.au

Location

  • Australian Agricultural Projects Ltd
  • 34 South Road
  • Suite 2
  • Hampton East
  • Victoria
  • 3195
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:01
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.