company background image
SGLL

Ricegrowers ASX:SGLLV Stock Report

Last Price

AU$6.91

Market Cap

AU$433.8m

7D

-0.4%

1Y

9.9%

Updated

24 Sep, 2022

Data

Company Financials +

Ricegrowers Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ricegrowers
Historical stock prices
Current Share PriceAU$6.91
52 Week HighAU$7.93
52 Week LowAU$6.12
Beta0.75
1 Month Change-4.29%
3 Month Change-7.74%
1 Year Change9.86%
3 Year Change79.48%
5 Year Change79.48%
Change since IPO47.02%

Recent News & Updates

Shareholder Returns

SGLLVAU FoodAU Market
7D-0.4%-2.2%-2.7%
1Y9.9%-14.6%-11.0%

Return vs Industry: SGLLV exceeded the Australian Food industry which returned -14.6% over the past year.

Return vs Market: SGLLV exceeded the Australian Market which returned -11% over the past year.

Price Volatility

Is SGLLV's price volatile compared to industry and market?
SGLLV volatility
SGLLV Average Weekly Movement4.1%
Food Industry Average Movement6.1%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

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.

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

Ricegrowers Fundamentals Summary

How do Ricegrowers's earnings and revenue compare to its market cap?
SGLLV fundamental statistics
Market CapAU$433.82m
Earnings (TTM)AU$47.55m
Revenue (TTM)AU$1.33b

9.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGLLV income statement (TTM)
RevenueAU$1.33b
Cost of RevenueAU$830.12m
Gross ProfitAU$504.13m
Other ExpensesAU$456.57m
EarningsAU$47.55m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.76
Gross Margin37.78%
Net Profit Margin3.56%
Debt/Equity Ratio44.8%

How did SGLLV perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

45%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SGLLV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SGLLV?

Other financial metrics that can be useful for relative valuation.

SGLLV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA7.6x
PEG Ratio-3.6x

Price to Earnings Ratio vs Peers

How does SGLLV's PE Ratio compare to its peers?

SGLLV PE Ratio vs Peers
The above table shows the PE ratio for SGLLV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.5x
ING Inghams Group
25.5x28.6%AU$895.7m
UMG United Malt Group
92.4x62.2%AU$969.9m
AAC Australian Agricultural
7.9x-82.3%AU$1.1b
TGR Tassal Group
20.1x9.6%AU$1.1b
SGLLV Ricegrowers
9.1x-2.5%AU$433.8m

Price-To-Earnings vs Peers: SGLLV is good value based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (36.5x).


Price to Earnings Ratio vs Industry

How does SGLLV's PE Ratio compare vs other companies in the Oceanian Food Industry?

Price-To-Earnings vs Industry: SGLLV is good value based on its Price-To-Earnings Ratio (9.1x) compared to the Oceanic Food industry average (15.6x)


Price to Earnings Ratio vs Fair Ratio

What is SGLLV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SGLLV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.1x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: SGLLV is good value based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


Share Price vs Fair Value

What is the Fair Price of SGLLV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SGLLV (A$6.91) is trading below our estimate of fair value (A$24.24)

Significantly Below Fair Value: SGLLV is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGLLV's earnings are forecast to decline over the next 3 years (-2.5% per year).

Earnings vs Market: SGLLV's earnings are forecast to decline over the next 3 years (-2.5% per year).

High Growth Earnings: SGLLV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SGLLV's revenue (5.3% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: SGLLV's revenue (5.3% 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 (8.5%).


Discover growth companies

Past Performance

How has Ricegrowers performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SGLLV has high quality earnings.

Growing Profit Margin: SGLLV's current net profit margins (3.6%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: SGLLV's earnings have declined by 5.6% per year over the past 5 years.

Accelerating Growth: SGLLV's earnings growth over the past year (129%) exceeds its 5-year average (-5.6% per year).

Earnings vs Industry: SGLLV earnings growth over the past year (129%) exceeded the Food industry 9%.


Return on Equity

High ROE: SGLLV's Return on Equity (9.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Ricegrowers's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SGLLV's short term assets (A$831.1M) exceed its short term liabilities (A$572.8M).

Long Term Liabilities: SGLLV's short term assets (A$831.1M) exceed its long term liabilities (A$120.6M).


Debt to Equity History and Analysis

Debt Level: SGLLV's net debt to equity ratio (36.3%) is considered satisfactory.

Reducing Debt: SGLLV's debt to equity ratio has increased from 36.1% to 44.8% over the past 5 years.

Debt Coverage: SGLLV's debt is not well covered by operating cash flow (10.8%).

Interest Coverage: SGLLV's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.07%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SGLLV's dividend (5.07%) is higher than the bottom 25% of dividend payers in the Australian market (2.78%).

High Dividend: SGLLV's dividend (5.07%) is low compared to the top 25% of dividend payers in the Australian market (7.03%).


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's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.3%), SGLLV's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (283.9%), SGLLV's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.7yrs

Average management tenure


CEO

Rob Gordon

10.58yrs

Tenure

AU$3,405,899

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 ($USD2.23M) is above average for companies of similar size in the Australian market ($USD606.36K).

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 (6.7 years average tenure).


Board Members

Experienced Board: SGLLV's board of directors are considered experienced (5.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 19.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
4.25%
Burrabogie Pastoral Co Pty Ltd
2,665,256A$18.4m0%no data
3.86%
Lollypop Creek Pty Ltd
2,421,530A$16.7m6.37%no data
1.97%
Menegazzo Enterprises Pty. Ltd.
1,236,843A$8.5m70.02%no data
1.07%
Robert Gordon
674,041A$4.7m4.03%no data
0.78%
Alan Walsh
492,285A$3.4m0%no data
0.71%
Ambo Farms Pty Ltd
444,279A$3.1m0%no data
0.64%
Taurian Pty Ltd
402,529A$2.8m0%no data
0.61%
Industry Designs Pty Ltd
381,790A$2.6m0%no data
0.53%
Oj Minato Pty Ltd
333,795A$2.3m-0.6%no data
0.52%
Gerry Lawson
327,139A$2.3m0%no data
0.47%
Yarranvale Estates Pty Ltd
295,294A$2.0m0%no data
0.45%
Peter Salvestro Landforming Pty Ltd
280,818A$1.9m0%no data
0.43%
Lawrence Arthur
269,471A$1.9m0.28%no data
0.33%
Frank Dal Bon
207,416A$1.4m9%no data
0.33%
Jan Dal Bon
207,416A$1.4m9%no data
0.31%
Nigel Lamond
194,389A$1.3m1.27%no data
0.31%
Katharine Lamond
194,388A$1.3m1.27%no data
0.26%
Neil Rose
164,207A$1.1m0%no data
0.26%
Beverley Rose
164,206A$1.1m0%no data
0.26%
Ian Mason
161,072A$1.1m0.23%no data
0.24%
Jeremy Morton
151,427A$1.0m4.03%no data
0.21%
Leigh Vial
134,644A$930.4k3.94%no data
0.14%
Gillian Kirkup
87,460A$604.3k1.59%no data
0.14%
Amanda Gleeson
86,205A$595.7k0%no data
0.066%
John Bradford
41,167A$284.5k4.03%no data

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$433.823m
  • Shares outstanding: 62.78m
  • Website: https://www.sunrice.com.au

Number of Employees


Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGLLVASX (Australian Securities Exchange)YesOrdinary B Class SharesAUAUDMay 2015
SGLLVCHIA (Chi-X Australia)YesOrdinary B Class SharesAUAUDMay 2015
7H0BST (Boerse-Stuttgart)YesOrdinary B Class SharesDEEURMay 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/04/30
Annual Earnings2022/04/30


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.