Ricegrowers
Market Cap
AU$379.8m
Last Updated
2021/03/03 07:02 UTC
Data Sources
Company Financials +
Executive Summary
Ricegrowers Limited, operates as a rice food company in Australia and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet.
Similar Companies
Share Price & News
How has Ricegrowers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SGLLV is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SGLLV's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.2%
SGLLV
0.9%
AU Food
-1.6%
AU Market
1 Year Return
43.8%
SGLLV
14.8%
AU Food
9.7%
AU Market
Return vs Industry: SGLLV exceeded the Australian Food industry which returned 14.8% over the past year.
Return vs Market: SGLLV exceeded the Australian Market which returned 9.7% over the past year.
Shareholder returns
| SGLLV | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 0.9% | -1.6% |
| 30 Day | -9.9% | 3.2% | 2.1% |
| 90 Day | 10.3% | 2.1% | 3.7% |
| 1 Year | 52.3%43.8% | 18.0%14.8% | 13.3%9.7% |
| 3 Year | 89.8%60.0% | -2.3%-11.0% | 29.0%13.4% |
| 5 Year | 98.9%43.8% | 26.2%11.3% | 62.6%31.4% |
Long-Term 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
Ricegrowers (ASX:SGLLV) Has Compensated Shareholders With A Respectable 87% Return On Their Investment1 month ago | Simply Wall St
Does Ricegrowers' (ASX:SGLLV) Returns On Capital Reflect Well On The Business?1 month ago | Simply Wall St
Is Ricegrowers (ASX:SGLLV) Using Too Much Debt?Valuation
Is Ricegrowers undervalued compared to its fair value and its price relative to the market?
22.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SGLLV (A$6.4) is trading below our estimate of fair value (A$8.27)
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 (14.4x) compared to the AU Food industry average (21.3x).
PE vs Market: SGLLV is good value based on its PE Ratio (14.4x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: SGLLV is good value based on its PEG Ratio (0.4x)
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).
Next Steps
Future Growth
How is Ricegrowers forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
34.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGLLV's forecast earnings growth (34.1% per year) is above the savings rate (2%).
Earnings vs Market: SGLLV's earnings (34.1% per year) are forecast to grow faster than the Australian market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SGLLV's revenue (5.4% per year) is forecast to grow slower than the Australian market (5.5% per year).
High Growth Revenue: SGLLV's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SGLLV's Return on Equity is forecast to be low in 3 years time (6.9%).
Next Steps
Past Performance
How has Ricegrowers performed over the past 5 years?
-12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGLLV has high quality earnings.
Growing Profit Margin: SGLLV's current net profit margins (2.4%) are lower than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: SGLLV's earnings have declined by 12% 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 (-19.7%) over the past year, making it difficult to compare to the Food industry average (-19.6%).
Return on Equity
High ROE: SGLLV's Return on Equity (4.8%) is considered low.
Next Steps
Financial Health
How is Ricegrowers's financial position?
Financial Position Analysis
Short Term Liabilities: SGLLV's short term assets (A$436.5M) exceed its short term liabilities (A$208.2M).
Long Term Liabilities: SGLLV's short term assets (A$436.5M) exceed its long term liabilities (A$62.8M).
Debt to Equity History and Analysis
Debt Level: SGLLV's debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: SGLLV's debt to equity ratio has reduced from 82% to 21% over the past 5 years.
Debt Coverage: SGLLV's debt is well covered by operating cash flow (92.1%).
Interest Coverage: SGLLV's interest payments on its debt are well covered by EBIT (7.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Ricegrowers's current dividend yield, its reliability and sustainability?
5.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SGLLV's dividend (5.16%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: SGLLV's dividend (5.16%) is low compared to the top 25% of dividend payers in the Australian market (5.43%).
Stability and Growth of Payments
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.3%), SGLLV's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SGLLV's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
Rob Gordon
9.08yrs
Tenure
AU$3,343,246
Compensation
Mr. Robert Francis Gordon, also known as Rob, BSc (Hons), CEng, MAICD, is Non-Executive Director at Inghams Group Limited since April 11, 2019. He has been Chief Executive Officer of Ricegrowers Limited si...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD2.61M) is above average for companies of similar size in the Australian market ($USD506.03K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.08yrs | AU$3.34m | 0.21% A$ 782.9k | |
| Chief Financial Officer | 3yrs | AU$1.24m | 0.0059% A$ 22.4k | |
| General Manager of Global Operations & Agribusiness | no data | no data | no data | |
| Group Company Secretary & General Counsel | 5.17yrs | no data | no data | |
| General Manager of People & Culture | 2.17yrs | no data | no data | |
| Head of Finance | no data | no data | no data | |
| Head of Corporate Affairs | no data | no data | no data | |
| Head of Corporate Affairs | no data | no data | no data | |
| Chief Executive Officer of Sunfoods LLC | 10.17yrs | no data | no data | |
| Chief Executive Officer of Riviana Foods Pty Ltd | 7.42yrs | no data | no data | |
| Chief Executive Officer of Trukai Industries Limited | 8.17yrs | no data | no data |
7.4yrs
Average Tenure
Experienced Management: SGLLV's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.08yrs | AU$3.34m | 0.21% A$ 782.9k | |
| Non Executive Independent Director | 2.5yrs | AU$110.62k | no data | |
| Non-Executive Non Independent Director | 5.08yrs | AU$107.92k | 0.039% A$ 149.2k | |
| Chairman | 7.17yrs | AU$197.70k | 0.44% A$ 1.7m | |
| Non-Executive Director | 15.33yrs | AU$101.77k | 0.14% A$ 518.0k | |
| Non-Executive Director | 5.58yrs | AU$97.29k | 0.21% A$ 788.0k | |
| Non-Executive Director | 5.58yrs | AU$104.23k | 0.062% A$ 234.4k | |
| Non-Executive Director | 3.08yrs | AU$98.19k | 0.27% A$ 1.0m | |
| Director | 1.58yrs | AU$62.66k | 0.24% A$ 913.0k | |
| Director | 1.58yrs | AU$63.15k | 0.044% A$ 166.3k | |
| Non Executive Independent Director | 2.5yrs | AU$93.57k | no data |
5.1yrs
Average Tenure
Experienced Board: SGLLV's board of directors are considered experienced (5.1 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 not been meaningfully diluted in the past year.
Top Shareholders
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$379.775m
- Shares outstanding: 60.28m
- 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 |
| SGLLV | CHIA (Chi-X Australia) | 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 | 2021/03/03 07:02 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/04/30 |
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.