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SGLL

RicegrowersASX:SGLLV Stock Report

Last Price

AU$6.80

Market Cap

AU$419.6m

7D

1.9%

1Y

-3.8%

Updated

19 Jan, 2022

Data

Company Financials +
SGLLV fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
Dividends1/6

SGLLV Stock Overview

Ricegrowers Limited, operates as a rice food company in Australia and internationally.

Ricegrowers Competitors

Forbidden Foods

ASX:FFF

AU$19.6m

Price History & Performance

Summary of all time highs, changes and price drops for Ricegrowers
Historical stock prices
Current Share PriceAU$6.80
52 Week HighAU$7.50
52 Week LowAU$6.09
Beta0.76
1 Month Change6.25%
3 Month Change3.03%
1 Year Change-3.82%
3 Year Change19.30%
5 Year Change52.81%
Change since IPO44.68%

Recent News & Updates

Shareholder Returns

SGLLVAU FoodAU Market
7D1.9%-0.5%-1.7%
1Y-3.8%-0.9%7.7%

Return vs Industry: SGLLV underperformed the Australian Food industry which returned -2% over the past year.

Return vs Market: SGLLV underperformed the Australian Market which returned 9.7% over the past year.

Price Volatility

Is SGLLV's price volatile compared to industry and market?
SGLLV volatility
SGLLV Average Weekly Movement2.8%
Food Industry Average Movement6.0%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.3%
10% least volatile stocks in AU Market3.6%

Stable Share Price: SGLLV is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SGLLV's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19502,000Rob Gordonhttps://www.sunrice.com.au

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 in the receipt and storage of paddy rice; milling, manufacturing, procurement, distribution, and marketing of rice and related products, as well as other grocery products, gourmet, and entertainment food products; research and development into the growing of rice; processing of rice and related products; and property business.

Ricegrowers Fundamentals Summary

How do Ricegrowers's earnings and revenue compare to its market cap?
SGLLV fundamental statistics
Market CapAU$419.58m
Earnings (TTM)AU$23.35m
Revenue (TTM)AU$1.08b

18.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGLLV income statement (TTM)
RevenueAU$1.08b
Cost of RevenueAU$682.23m
Gross ProfitAU$401.67m
ExpensesAU$378.32m
EarningsAU$23.35m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin37.06%
Net Profit Margin2.15%
Debt/Equity Ratio33.9%

How did SGLLV perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

112%

Payout Ratio

Valuation

Is Ricegrowers undervalued compared to its fair value and its price relative to the market?

23.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SGLLV (A$6.8) is trading below our estimate of fair value (A$8.83)

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 (18x) compared to the Australian Food industry average (19.7x).

PE vs Market: SGLLV is good value based on its PE Ratio (18x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: SGLLV is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SGLLV is good value based on its PB Ratio (0.9x) compared to the AU Food industry average (1.5x).


Future Growth

How is Ricegrowers forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

33.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGLLV's forecast earnings growth (33.2% per year) is above the savings rate (1.9%).

Earnings vs Market: SGLLV's earnings (33.2% per year) are forecast to grow faster than the Australian market (11.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SGLLV's revenue (8.2% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: SGLLV's revenue (8.2% per year) is forecast to grow slower 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


Past Performance

How has Ricegrowers performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SGLLV has high quality earnings.

Growing Profit Margin: SGLLV's current net profit margins (2.2%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: SGLLV's earnings have declined by 13.2% 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 (-11.7%) over the past year, making it difficult to compare to the Food industry average (106.9%).


Return on Equity

High ROE: SGLLV's Return on Equity (4.9%) is considered low.


Financial Health

How is Ricegrowers's financial position?


Financial Position Analysis

Short Term Liabilities: SGLLV's short term assets (A$580.9M) exceed its short term liabilities (A$387.3M).

Long Term Liabilities: SGLLV's short term assets (A$580.9M) exceed its long term liabilities (A$56.2M).


Debt to Equity History and Analysis

Debt Level: SGLLV's net debt to equity ratio (25.2%) is considered satisfactory.

Reducing Debt: SGLLV's debt to equity ratio has reduced from 68.8% to 33.9% over the past 5 years.

Debt Coverage: SGLLV's debt is well covered by operating cash flow (28%).

Interest Coverage: SGLLV's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Dividend

What is Ricegrowers's current dividend yield, its reliability and sustainability?

2.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SGLLV's dividend (2.94%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: SGLLV's dividend (2.94%) is low compared to the top 25% of dividend payers in the Australian market (5.36%).


Stability and Growth of Payments

Stable Dividend: SGLLV has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SGLLV has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (112%), SGLLV's dividend payments are not well 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

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure


CEO

Rob Gordon

9.92yrs

Tenure

AU$3,002,311

Compensation

Mr. Robert Francis Gordon, also known as Rob, BSc (Hons), CEng, MAICD, is an Independent Non-Executive Director at Inghams Group Limited since April 11, 2019. He has been Chief Executive Officer of Ricegro...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD2.16M) is above average for companies of similar size in the Australian market ($USD741.65K).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SGLLV's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: SGLLV's board of directors are considered experienced (4.9 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 diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Ricegrowers Limited's 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
  • Implied Market Cap: AU$419.582m
  • Shares outstanding: 61.70m
  • Website: https://www.sunrice.com.au

Number of Employees


Location

  • Ricegrowers Limited
  • Governor Macquarie Tower
  • Level 17
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 15:49
End of Day Share Price2022/01/19 00:00
Earnings2021/10/31
Annual Earnings2021/04/30


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.