Market Cap
AU$326.8m
Last Updated
2019/10/14 10:32 UTC
Data Sources
Company Financials +
Executive Summary
Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australasia.
Snowflake
Fundamentals
Undervalued with proven track record.
Share Price & News
How has Ridley's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.9%
RIC
-0.4%
AU Food
1.3%
AU Market
1 Year Return
-25.3%
RIC
-10.0%
AU Food
9.9%
AU Market
Return vs Industry: RIC underperformed the Australian Food industry which returned -10% over the past year.
Return vs Market: RIC underperformed the Australian Market which returned 9.9% over the past year.
Share holder returns
| RIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | -0.4% | 1.3% |
| 30 Day | 1.9% | 2.5% | -0.7% |
| 90 Day | -7.5% | -2.5% | -0.4% |
| 1 Year | -23.0%-25.3% | -7.5%-10.0% | 16.3%9.9% |
| 3 Year | -8.0%-16.0% | -1.7%-6.5% | 35.8%17.6% |
| 5 Year | 46.7%25.7% | 43.8%31.9% | 51.9%17.8% |
Price Volatility Vs. Market
How volatile is Ridley's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Kind Of Shareholder Appears On The Ridley Corporation Limited's (ASX:RIC) Shareholder Register?1 month ago | Simply Wall St
Some Ridley (ASX:RIC) Shareholders Are Down 27%1 month ago | Simply Wall St
We Think Ridley (ASX:RIC) Is Taking Some Risk With Its DebtValuation
Is Ridley undervalued based on future cash flows and its price relative to the stock market?
4%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Undervalued: RIC (A$1.05) is trading below our estimate of fair value (A$1.09)
Significantly Undervalued: RIC is trading below fair value, but not by a significant amount.
Price Based on Earnings
PE vs Industry: RIC is good value based on its PE Ratio (13.7x) compared to the Food industry average (25.3x).
PE vs Market: RIC is good value based on its PE Ratio (13.7x) compared to the Australian market (17.9x).
Price Based on Expected Growth
Low PEG Ratio: RIC is good value based on its PEG Ratio (0.9x)
Price Based on Value of Assets
PB vs Industry: RIC is good value based on its PB Ratio (1.2x) compared to the AU Food industry average (1.2x).
Next Steps
Future Growth
How is Ridley expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: RIC's forecast earnings growth (14.6% per year) is above the savings rate (2.3%).
Earnings vs Market: RIC's earnings (14.6% per year) are forecast to grow faster than the Australian market (10.2% per year).
High Growth Earnings: RIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: RIC's revenue (4.8% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: RIC's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: RIC's Return on Equity is forecast to be low in 3 years time (10.6%).
Next Steps
Past Performance
How has Ridley performed over the past 5 years?
0.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: RIC's earnings have grown by 0.7% per year over the past 5 years.
Accelerating Growth: RIC's earnings growth over the past year (35.4%) exceeds its 5-year average (0.7% per year).
Earnings vs Industry: RIC earnings growth over the past year (35.4%) exceeded the Food industry -28.6%.
Return on Equity
High ROE: RIC's Return on Equity (8.5%) is considered low.
Return on Assets
ROA vs Industry: RIC has a higher Return on Assets than the Food industry average last year.
Return on Capital Employed
ROCE Improving: RIC's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Ridley's financial position?
Financial Position Analysis
Short Term Liabilities: RIC's short term assets (A$209.7M) exceeds its short term liabilities (A$176.8M)
Long Term Liabilities: RIC's short term assets (209.7M) exceeds its long term liabilities (119.4M)
Debt to Equity History and Analysis
Debt Level: RIC's debt to equity ratio (56.7%) is considered high
Reducing Debt: RIC's debt to equity ratio has increased from 34.5% to 56.7% over the past 5 years.
Debt Coverage: RIC's debt is well covered by operating cash flow (23.4%).
Interest Coverage: RIC's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Inventory Level: RIC has a high level of physical assets or inventory.
Debt Coverage by Assets: RIC's debt is covered by short term assets (assets are 1.331800x debt).
Next Steps
Dividend
What is Ridley's current dividend yield, its reliability and sustainability?
4.94%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Ridley before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: RIC's dividend (4.05%) is higher than the bottom 25% of dividend payers in the Australian market (2.5%).
High Dividend: RIC's dividend (4.05%) is low compared to the top 25% of dividend payers in the Australian market (5.6%).
Stable Dividend: RIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: RIC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.6%), RIC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RIC's dividends in 3 years are forecast to be covered by earnings (53.1% payout ratio).
Next Steps
Management
What is the CEO of Ridley's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Quinton Hildebrand 0
0.2yrs
Tenure
Mr. Quinton Lance Hildebrand, BSc (AgEcon), MBA serves as Chief Executive Officer, Managing Director and Director of Ridley Corporation Limited since August 26, 2019. Mr. Hildebrand served as the Chief Com ...
Management Age and Tenure
3.8yrs
Average Tenure
Experienced Management: RIC's management team is considered experienced (3.8 years average tenure).
Board Age and Tenure
5.3yrs
Average Tenure
57yo
Average Age
Experienced Board: RIC's board of directors are considered experienced (5.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 3,825,068 |
| Max Price | AU$1.31 |
| Entity | Company |
| Shares | 2,572,165 |
| Max Price | AU$1.34 |
| Entity | Company |
| Shares | 5,327,253 |
| Max Price | AU$1.40 |
| Entity | Company |
| Shares | 3,732,212 |
| Max Price | AU$1.41 |
| Entity | Company |
| Shares | 417,305 |
| Max Price | AU$1.45 |
| Entity | Company |
| Shares | 738,177 |
| Max Price | AU$1.38 |
| Entity | Company |
| Shares | 2,163,744 |
| Max Price | AU$1.40 |
| Entity | Company |
| Shares | 4,398,195 |
| Max Price | AU$1.49 |
| Entity | Company |
| Shares | 279,862 |
| Max Price | AU$1.44 |
Ownership Breakdown
Management Team
Alan Boyd (59yo)
CFO & Company Secretary
- Tenure: 10.5yrs
- Compensation: AU$649.70k
Quinton Hildebrand
CEO, MD & Director
- Tenure: 0.2yrs
Ian Fairbairn
General Manager of Operations
- Tenure: 8.8yrs
Mike Murphy
General Manager of Safety
- Tenure: 3.8yrs
- Compensation: AU$437.14k
Anton Feely
Head of Strategy & Corporate Development
- Tenure: 3.5yrs
Board Members
Ejnar Knudsen (50yo)
Non Executive Director
- Tenure: 6.3yrs
- Compensation: AU$85.00k
Gary Weiss (66yo)
Independent Chairman
- Tenure: 4.3yrs
- Compensation: AU$177.63k
David Lord (61yo)
Non-Executive Director
- Tenure: 3.5yrs
- Compensation: AU$91.43k
Patria Mann (57yo)
Independent Non Executive Director
- Tenure: 11.6yrs
- Compensation: AU$96.43k
Quinton Hildebrand
CEO, MD & Director
- Tenure: 0.2yrs
Robert van Barneveld (51yo)
Independent Non Executive Director
- Tenure: 9.3yrs
- Compensation: AU$95.00k
Company Information
Ridley Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ridley Corporation Limited
- Ticker: RIC
- Exchange: ASX
- Founded: 1987
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$326.819m
- Shares outstanding: 311.26m
- Website: https://www.ridley.com.au
Number of Employees
Location
- Ridley Corporation Limited
- 565 Bourke Street
- Level 4
- Melbourne
- Victoria
- 3000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RIDY.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| RIC | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| RIC | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| RI6 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australasia. It operates through two segments, AgriProducts and Property. It offers animal meals, includin ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 10:32 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.