Ridley Future Growth

Future criteria checks 2/6

Ridley is forecast to grow earnings and revenue by 11.6% and 5.5% per annum respectively. EPS is expected to grow by 11.3% per annum. Return on equity is forecast to be 17.1% in 3 years.

Key information

11.6%

Earnings growth rate

11.3%

EPS growth rate

Food earnings growth	39.9%
Revenue growth rate	5.5%
Future return on equity	17.1%
Analyst coverage	Good
Last updated	15 Feb 2024

Recent future growth updates

Recent updates

Ridley (ASX:RIC) Is Paying Out A Larger Dividend Than Last Year

Feb 16

Ridley Corporation Limited's (ASX:RIC) Business Is Trailing The Market But Its Shares Aren't

Feb 14

How Much Did Ridley's(ASX:RIC) Shareholders Earn From Share Price Movements Over The Last Five Years?

Jan 12

Is There An Opportunity With Ridley Corporation Limited's (ASX:RIC) 25% Undervaluation?

Dec 22

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Nov 22

Earnings and Revenue Growth Forecasts

ASX:RIC - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	1,424	56	49	83	6
6/30/2025	1,372	52	48	84	6
6/30/2024	1,285	43	20	66	6
12/31/2023	1,260	42	27	65	N/A
9/30/2023	1,260	42	35	72	N/A
6/30/2023	1,260	42	44	79	N/A
3/31/2023	1,219	41	35	69	N/A
12/31/2022	1,178	41	27	59	N/A
9/30/2022	1,114	42	25	53	N/A
6/30/2022	1,049	42	23	47	N/A
3/31/2022	1,008	40	42	64	N/A
12/31/2021	966	37	61	82	N/A
9/30/2021	947	31	62	84	N/A
6/30/2021	928	25	64	86	N/A
3/31/2021	939	12	34	60	N/A
12/31/2020	951	-1	5	35	N/A
9/30/2020	959	-6	-16	28	N/A
6/30/2020	968	-11	-37	22	N/A
3/31/2020	967	-2	-36	36	N/A
12/31/2019	966	8	-34	50	N/A
9/30/2019	984	16	-38	43	N/A
6/30/2019	1,003	24	-42	37	N/A
3/31/2019	997	22	-30	36	N/A
12/31/2018	992	21	-18	36	N/A
9/30/2018	955	19	-4	43	N/A
6/30/2018	918	17	10	51	N/A
3/31/2018	899	21	19	55	N/A
12/31/2017	880	24	27	59	N/A
9/30/2017	866	25	N/A	44	N/A
6/30/2017	853	26	N/A	30	N/A
12/31/2016	862	31	N/A	27	N/A
9/30/2016	887	29	N/A	23	N/A
6/30/2016	913	27	N/A	18	N/A
12/31/2015	915	25	N/A	25	N/A
9/30/2015	911	25	N/A	36	N/A
6/30/2015	908	26	N/A	47	N/A
3/31/2015	903	20	N/A	40	N/A
12/31/2014	896	19	N/A	33	N/A
9/30/2014	885	18	N/A	32	N/A
6/30/2014	874	18	N/A	31	N/A
12/31/2013	813	10	N/A	33	N/A
9/30/2013	765	-3	N/A	43	N/A
6/30/2013	716	-17	N/A	53	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RIC's forecast earnings growth (11.6% per year) is above the savings rate (2.3%).

Earnings vs Market: RIC's earnings (11.6% per year) are forecast to grow slower than the Australian market (13.4% per year).

High Growth Earnings: RIC's earnings are forecast to grow, but not significantly.

Revenue vs Market: RIC's revenue (5.5% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: RIC's revenue (5.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RIC's Return on Equity is forecast to be low in 3 years time (17.1%).

Ridley Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 8.2% to AU$2.63

Price target increased by 10% to AU$2.38

Consensus forecasts updated

Price target increased to AU$1.77

Price target increased to AU$1.68

Price target increased to AU$1.64

Recent updates

Upcoming dividend of AU$0.044 per share

Ridley (ASX:RIC) Is Paying Out A Larger Dividend Than Last Year

First half dividend increased to AU$0.044

First half 2024 earnings released: EPS: AU$0.068 (vs AU$0.066 in 1H 2023)

Ridley Corporation Limited's (ASX:RIC) Business Is Trailing The Market But Its Shares Aren't

Ridley Corporation Limited to Report First Half, 2024 Results on Feb 14, 2024

Price target increased by 8.2% to AU$2.63

Upcoming dividend of AU$0.043 per share at 3.6% yield

Ridley Corporation Limited, Annual General Meeting, Nov 21, 2023

Insufficient new directors

Ridley Corporation Limited Announces Directorate Changes

Ridley (ASX:RIC) Is Increasing Its Dividend To A$0.0425

Ridley Corporation Limited Declares Final Dividend, Payable on 26 October 2023

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Ridley Corporation Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Upcoming dividend of AU$0.04 per share at 3.7% yield

Insider recently sold AU$22m worth of stock

Price target increased by 10% to AU$2.38

With EPS Growth And More, Ridley (ASX:RIC) Makes An Interesting Case

First half 2023 earnings: EPS and revenues exceed analyst expectations

Ridley Corporation Limited Announces Distribution for the Six Months Ended December 31, 2022, Payable on April 27, 2023

Ridley Corporation Limited to Report First Half, 2023 Results on Feb 16, 2023

Upcoming dividend of AU$0.04 per share

Ridley's (ASX:RIC) Dividend Will Be Increased To A$0.04

Ridley Corporation Limited Declares Final Dividend, Payable on 27 October 2022

Ridley Corporation Limited Announces Distribution for the Six Months Ended June 30, 2022, Payable on October 27, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Ridley Corporation Limited Announces Distribution for the Six Months Ended June 30, 2022, Payable on October 27, 2022

Ridley Corporation Limited Announces Board Changes

Ridley Corporation Limited to Report Fiscal Year 2022 Results on Aug 18, 2022

The Returns At Ridley (ASX:RIC) Aren't Growing

Ridley Corporation Limited, Annual General Meeting, Nov 24, 2022

Slowing Rates Of Return At Ridley (ASX:RIC) Leave Little Room For Excitement

Upcoming dividend of AU$0.034 per share

Consensus forecasts updated

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to AU$1.77

Ridley Corporation Limited Announces Distribution Amount to the Financial Reporting or Payment Period Ending Ended/Ending December 31,2021, Payable on April 29, 2022

Price target increased to AU$1.68

Price target increased to AU$1.64

Insider recently bought AU$5.0m worth of stock

Upcoming dividend of AU$0.02 per share

Full year 2021 earnings released: EPS AU$0.078 (vs AU$0.035 loss in FY 2020)

Chief Financial Officer Alan Boyd has left the company

Full year 2021 earnings released: EPS AU$0.078 (vs AU$0.028 loss in FY 2020)

Price target increased to AU$1.51

Return Trends At Ridley (ASX:RIC) Aren't Appealing

The Returns At Ridley (ASX:RIC) Aren't Growing

A Look At The Fair Value Of Ridley Corporation Limited (ASX:RIC)

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Price target raised to AU$1.31

Is There Now An Opportunity In Ridley Corporation Limited (ASX:RIC)?

First half 2021 earnings released: EPS AU$0.036 (vs AU$0.001 in 1H 2020)

Alan Boyd Retires as Chief Financial Officer of Ridley Corporation Limited

What Percentage Of Ridley Corporation Limited (ASX:RIC) Shares Do Insiders Own?

Ridley Corporation Limited, Annual General Meeting, Nov 30, 2021

New 90-day high: AU$0.99

Insider recently bought AU$12m worth of stock

Our Take On The Returns On Capital At Ridley (ASX:RIC)

Ridley Corporation Limited to Report First Half, 2021 Results on Feb 24, 2021

How Much Did Ridley's(ASX:RIC) Shareholders Earn From Share Price Movements Over The Last Five Years?

New 90-day high: AU$0.95

Is There An Opportunity With Ridley Corporation Limited's (ASX:RIC) 25% Undervaluation?

Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?

Independent Non-Executive Director recently bought AU$102k worth of stock

Key Executive recently bought AU$251k worth of stock

New 90-day high: AU$0.87

Key Executive recently bought AU$199k worth of stock

New 90-day high: AU$0.81