ASX:AAP

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Australian Agricultural Projects

Executive Summary

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


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Australian Agricultural Projects's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AAP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

100.0%

AAP

5.5%

AU Food

3.6%

AU Market


1 Year Return

n/a

AAP

-19.0%

AU Food

-10.3%

AU Market

Return vs Industry: Insufficient data to determine how AAP performed against the Australian Food industry.

Return vs Market: Insufficient data to determine how AAP performed against the Australian Market.


Shareholder returns

AAPIndustryMarket
7 Day100.0%5.5%3.6%
30 Day122.2%-4.5%0.2%
90 Dayn/a2.0%16.4%
1 Yearn/a-10.1%-19.0%-6.6%-10.3%
3 Year-40.1%-42.9%-10.3%-24.0%18.2%2.5%
5 Year74.6%66.7%13.2%-12.5%35.7%6.4%

Price Volatility Vs. Market

How volatile is Australian Agricultural Projects's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.88x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: AAP is unprofitable, so we can't compare its PE Ratio to the Australian market.


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 (0.9x) compared to the AU Food industry average (1.2x).


Next Steps

Future Growth

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

20.5%

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.


Next Steps

Past Performance

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

-51.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAP is currently unprofitable.

Growing Profit Margin: AAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AAP is unprofitable, and losses have increased over the past 5 years at a rate of -51.8% per year.

Accelerating Growth: Unable to compare AAP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AAP is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-8.8%).


Return on Equity

High ROE: AAP has a negative Return on Equity (-13.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Australian Agricultural Projects's financial position?


Financial Position Analysis

Short Term Liabilities: AAP's short term assets (A$2.1M) do not cover its short term liabilities (A$4.5M).

Long Term Liabilities: AAP's short term assets (A$2.1M) do not cover its long term liabilities (A$4.7M).


Debt to Equity History and Analysis

Debt Level: AAP's debt to equity ratio (130.4%) is considered high.

Reducing Debt: AAP's debt to equity ratio has increased from 95.5% to 130.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AAP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AAP has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 55.9% each year.


Next Steps

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?

12.8yrs

Average board tenure


CEO

Paul Challis

12.83yrs

Tenure

AU$157,414

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 ($USD109.85K) is below average for companies of similar size in the Australian market ($USD262.14K).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Paul Challis
MD & Executive Director12.83yrsAU$157.41k8.19% A$499.0k
Anthony Ho
Non-Executive Director17.25yrsAU$12.00k0.66% A$40.0k
Daniel Stefanetti
Non Executive Director0.83yrno data10.9% A$664.3k

12.8yrs

Average Tenure

Experienced Board: AAP's board of directors are seasoned and experienced ( 12.8 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 been substantially diluted in the past year, with total shares outstanding growing by 100%.


Top Shareholders

Company Information

Australian Agricultural Projects Ltd's company bio, 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$6.094m
  • Shares outstanding: 304.72m
  • Website: https://www.voopl.com.au

Location

  • Australian Agricultural Projects Ltd
  • 342 South Road
  • Suite 2
  • Hampton East
  • Victoria
  • 3188
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AAPASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2004

Biography

Australian Agricultural Projects Ltd operates and manages olive groves located in Boort, Victoria. It also 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 Ltd was incorporated in 2003 and is headquartered in Hampton East, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 10:36
End of Day Share Price2020/07/06 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.