Market Cap
AU$367.4m
Last Updated
2021/04/13 08:07 UTC
Data Sources
Company Financials +
Executive Summary
Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has Ridley's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RIC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RIC's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
RIC
1.7%
AU Food
2.2%
AU Market
1 Year Return
43.8%
RIC
7.5%
AU Food
36.3%
AU Market
Return vs Industry: RIC exceeded the Australian Food industry which returned 7.5% over the past year.
Return vs Market: RIC exceeded the Australian Market which returned 36.3% over the past year.
Shareholder returns
| RIC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | 1.7% | 2.2% |
| 30 Day | 9.0% | 4.2% | 3.2% |
| 90 Day | 20.4% | 10.5% | 4.6% |
| 1 Year | 43.8%43.8% | 9.7%7.5% | 40.5%36.3% |
| 3 Year | -2.1%-10.2% | -9.8%-16.9% | 34.3%18.2% |
| 5 Year | 2.1%-11.9% | 13.7%2.0% | 64.5%32.5% |
Long-Term 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
1 week ago | Simply Wall St
Ridley Corporation Limited's (ASX:RIC) Stock's Been Going Strong: Could Weak Financials Mean The Market Will Correct Its Share Price?3 weeks ago | Simply Wall St
Does Ridley (ASX:RIC) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Is There Now An Opportunity In Ridley Corporation Limited (ASX:RIC)?Valuation
Is Ridley undervalued compared to its fair value and its price relative to the market?
124.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RIC (A$1.15) is trading above our estimate of fair value (A$1.08)
Significantly Below Fair Value: RIC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RIC is poor value based on its PE Ratio (124.8x) compared to the AU Food industry average (24.5x).
PE vs Market: RIC is poor value based on its PE Ratio (124.8x) compared to the Australian market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: RIC is poor value based on its PEG Ratio (4.9x)
Price to Book Ratio
PB vs Industry: RIC's PB Ratio (1.3x) is in line with the AU Food industry average.
Future Growth
How is Ridley forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
25.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RIC's forecast earnings growth (25.4% per year) is above the savings rate (2%).
Earnings vs Market: RIC's earnings (25.4% per year) are forecast to grow faster than the Australian market (16.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RIC's revenue (6.9% per year) is forecast to grow faster than the Australian market (6.1% per year).
High Growth Revenue: RIC's revenue (6.9% 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 (12.3%).
Past Performance
How has Ridley performed over the past 5 years?
-35.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RIC has a large one-off loss of A$41.4M impacting its December 31 2020 financial results.
Growing Profit Margin: RIC's current net profit margins (0.3%) are lower than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: RIC's earnings have declined by 35.6% per year over the past 5 years.
Accelerating Growth: RIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RIC had negative earnings growth (-67.2%) over the past year, making it difficult to compare to the Food industry average (-19.6%).
Return on Equity
High ROE: RIC's Return on Equity (0.9%) is considered low.
Financial Health
How is Ridley's financial position?
Financial Position Analysis
Short Term Liabilities: RIC's short term assets (A$249.6M) exceed its short term liabilities (A$183.4M).
Long Term Liabilities: RIC's short term assets (A$249.6M) exceed its long term liabilities (A$172.4M).
Debt to Equity History and Analysis
Debt Level: RIC's debt to equity ratio (56.9%) is considered high.
Reducing Debt: RIC's debt to equity ratio has increased from 41.5% to 56.9% over the past 5 years.
Debt Coverage: RIC's debt is well covered by operating cash flow (24.1%).
Interest Coverage: RIC's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
Dividend
What is Ridley current dividend yield, its reliability and sustainability?
3.93%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RIC'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 RIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: RIC is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RIC'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?
1.4yrs
Average management tenure
CEO
Quinton Hildebrand
1.67yrs
Tenure
AU$913,413
Compensation
Mr. Quinton Lance Hildebrand, BSc (AgEcon), MBA, LLB (Hons) LLM (NZ) JSD (Cornell, NY)., serves as Chief Executive Officer, Managing Director and Director of Ridley Corporation Limited since August 26, 201...
CEO Compensation Analysis
Compensation vs Market: Quinton's total compensation ($USD696.36K) is above average for companies of similar size in the Australian market ($USD480.02K).
Compensation vs Earnings: Insufficient data to compare Quinton's compensation with company performance.
Leadership Team
Experienced Management: RIC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: RIC's board of directors are considered experienced (5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RIC 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 diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
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$367.419m
- Shares outstanding: 319.49m
- Website: https://www.ridley.com.au
Number of Employees
Location
- Ridley Corporation Limited
- 565 Bourke Street
- Level 4
- Melbourne
- Victoria
- 3000
- Australia
Listings
Biography
Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australia. The company offers animal nutrition feed in packaged form from 10 – 30 kg bags; monogastric and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 08:07 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.