Ricegrowers
Market Cap
AU$230.9m
Last Updated
2019/10/21 10:35 UTC
Data Sources
Company Financials
Executive Summary
Ricegrowers Limited, operates as a rice food company in Australia and internationally.
Snowflake
Fundamentals
Undervalued with excellent balance sheet.
Share Price & News
How has Ricegrowers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.1%
SGLLV
0.6%
AU Food
0.4%
AU Market
1 Year Return
-34.8%
SGLLV
-10.2%
AU Food
9.8%
AU Market
Return vs Industry: SGLLV underperformed the Australian Food industry which returned -10.2% over the past year.
Return vs Market: SGLLV underperformed the Australian Market which returned 9.8% over the past year.
Shareholder returns
| SGLLV | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 0.6% | 0.4% |
| 30 Day | -2.3% | -1.2% | -1.3% |
| 90 Day | -18.5% | -4.3% | -0.5% |
| 1 Year | -30.9%-34.8% | -7.7%-10.2% | 16.1%9.8% |
| 3 Year | 12.2%-8.0% | -1.9%-6.7% | 36.1%17.9% |
| 5 Year | n/a | 38.7%27.4% | 49.4%15.7% |
Price Volatility Vs. Market
How volatile is Ricegrowers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Investors In Ricegrowers Limited (ASX:SGLLV) Should Consider This, First3 weeks ago | Simply Wall St
Those Who Purchased Ricegrowers (ASX:SGLLV) Shares A Year Ago Have A 47% Loss To Show For It1 month ago | Simply Wall St
What Kind Of Investor Owns Most Of Ricegrowers Limited (ASX:SGLLV)?Valuation
Is Ricegrowers undervalued compared to its fair value and its price relative to the market?
43.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SGLLV (A$3.91) is trading below our estimate of fair value (A$6.92)
Significantly Below Fair Value: SGLLV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SGLLV is good value based on its PE Ratio (7.2x) compared to the Food industry average (25.3x).
PE vs Market: SGLLV is good value based on its PE Ratio (7.2x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SGLLV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SGLLV is good value based on its PB Ratio (0.5x) compared to the AU Food industry average (1.3x).
Next Steps
Future Growth
How is Ricegrowers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGLLV's forecast earnings growth (2% per year) is below the savings rate (2.3%).
Earnings vs Market: SGLLV's earnings (2% per year) are forecast to grow slower than the Australian market (10.3% per year).
High Growth Earnings: SGLLV's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if SGLLV's revenue is forecast to grow faster than the Australian market.
High Growth Revenue: Insufficient data to determine if SGLLV's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SGLLV's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Ricegrowers performed over the past 5 years?
-2.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SGLLV's earnings have declined by -2.1% per year over the past 5 years.
Accelerating Growth: SGLLV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SGLLV had negative earnings growth (-26.2%) over the past year, making it difficult to compare to the Food industry average (-28.6%).
Return on Equity
High ROE: SGLLV's Return on Equity (7.1%) is considered low.
Return on Assets
ROA vs Industry: SGLLV's Return on Assets is below or equal to the Food industry average last year.
Return on Capital Employed
ROCE Improving: SGLLV's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Ricegrowers's financial position?
Financial Position Analysis
Short Term Liabilities: SGLLV's short term assets (A$555.4M) exceeds its short term liabilities (A$268.9M)
Long Term Liabilities: SGLLV's short term assets (555.4M) exceeds its long term liabilities (98.1M)
Debt to Equity History and Analysis
Debt Level: SGLLV's debt to equity ratio (28.5%) is considered satisfactory
Reducing Debt: SGLLV's debt to equity ratio has reduced from 67.3% to 28.5% over the past 5 years.
Debt Coverage: SGLLV's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SGLLV's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
Inventory Level: SGLLV has a high level of physical assets or inventory.
Debt Coverage by Assets: SGLLV's debt is covered by short term assets (assets are 4.217450x debt).
Next Steps
Dividend
What is Ricegrowers's current dividend yield, its reliability and sustainability?
8.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SGLLV's dividend (8.44%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: SGLLV's dividend (8.44%) is in the top 25% of dividend payers in the Australian market (5.59%)
Stable Dividend: Whilst dividend payments have been stable, SGLLV has been paying a dividend for less than 10 years.
Growing Dividend: SGLLV's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.6%), SGLLV's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Ricegrowers's salary, the management and board of directors tenure and is there insider trading?
6.8yrs
Average management tenure
CEO
Rob Gordon 0
7.7yrs
Tenure
AU$2,838,540
Compensation
Mr. Robert Francis Gordon, also known as Rob, BSc (Hons), CEng, MAICD, is Non-Executive Director at Inghams Group Limited since April 11, 2019. He has been Chief Executive Officer of Ricegrowers Limited si ...
CEO Compensation Analysis
Compensation vs. Market: Rob's total compensation ($USD1.94M) is about average for companies of similar size in the Australian market ($USD464.02K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.8yrs
Average Tenure
Experienced Management: SGLLV's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
3.9yrs
Average Tenure
Experienced Board: SGLLV's board of directors are considered experienced (3.9 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.
Ownership Breakdown
Management Team
Rob Gordon
CEO & Executive Director
- Tenure: 7.7yrs
- Compensation: AU$2.84m
Mandy Del Gigante
Company Secretary
- Tenure: 0yrs
Matt Alonso
Chief Executive Officer of Sunfoods LLC
- Tenure: 8.8yrs
Stephen Forde
Chief Executive Officer of Riviana Foods Pty Ltd
- Tenure: 6yrs
Worthington-Eyre Greg
Chief Executive Officer of Trukai Industries Limited
- Tenure: 6.8yrs
Dimitri Courtelis (38yo)
Chief Financial Officer
- Tenure: 1.6yrs
- Compensation: AU$1.12m
Rachel Westbrook
Head of Finance
- Tenure: 0yrs
Matthew Gerber
Head of Corporate Affairs
- Tenure: 0yrs
Julian Luke
Head of Corporate Affairs
- Tenure: 0yrs
Board Members
Rob Gordon
CEO & Executive Director
- Tenure: 7.7yrs
- Compensation: AU$2.84m
Luisa Catanzaro
Non Executive Independent Director
- Tenure: 1.1yrs
- Compensation: AU$64.80k
Ian Glasson
Non-Executive Independent Director
- Tenure: 3.7yrs
- Compensation: AU$105.29k
Laurie Arthur
Chairman
- Tenure: 5.8yrs
- Compensation: AU$192.88k
Gillian Kirkup
Non-Executive Director
- Tenure: 13.9yrs
- Compensation: AU$99.29k
Leigh Vial
Non-Executive Director
- Tenure: 4.2yrs
- Compensation: AU$99.92k
John Bradford
Non-Executive Director
- Tenure: 4.2yrs
- Compensation: AU$98.13k
Ian Mason (60yo)
Non-Executive Director
- Tenure: 1.7yrs
- Compensation: AU$97.04k
Jeremy Morton
Director
- Tenure: 0.2yrs
Julian Zanatta
Director
- Tenure: 0.2yrs
Company Information
Ricegrowers Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ricegrowers Limited
- Ticker: SGLLV
- Exchange: ASX
- Founded: 1950
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$230.927m
- Shares outstanding: 59.21m
- Website: https://www.sunrice.com.au
Number of Employees
Location
- Ricegrowers Limited
- MLC Centre
- Level 24
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SGLLV | ASX (Australian Securities Exchange) | Yes | Ordinary B Class Shares | AU | AUD | May 2015 |
Biography
Ricegrowers Limited, operates as a rice food company in Australia and internationally. The company operates through Rice Pool, International Rice, Rice Food, Riviana Foods, and CopRice segments. It engages ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 10:35 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/04/30 |
| Annual Earnings | 2019/04/30 |
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.