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WOA

Wide Open AgricultureASX:WOA Stock Report

Market Cap

AU$85.6m

7D

0.7%

1Y

-22.2%

Updated

18 Oct, 2021

Data

Company Financials
WOA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

WOA Overview

Wide Open Agriculture Limited operates as a regenerative food and agriculture company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Wide Open Agriculture
Historical stock prices
Current Share PriceAU$0.76
52 Week HighAU$0.62
52 Week LowAU$1.25
Beta2.46
1 Month Change-1.95%
3 Month Change-5.63%
1 Year Change-22.17%
3 Year Change420.69%
5 Year Changen/a
Change since IPO277.50%

Recent News & Updates

Mar 03
Wide Open Agriculture's (ASX:WOA) Wonderful 400% Share Price Increase Shows How Capitalism Can Build Wealth

Wide Open Agriculture's (ASX:WOA) Wonderful 400% Share Price Increase Shows How Capitalism Can Build Wealth

Wide Open Agriculture Limited ( ASX:WOA ) shareholders might understandably be very concerned that the share price has...

Shareholder Returns

WOAAU FoodAU Market
7D0.7%-0.7%0.9%
1Y-22.2%1.5%20.2%

Return vs Industry: WOA underperformed the Australian Food industry which returned 1.5% over the past year.

Return vs Market: WOA underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is WOA's price volatile compared to industry and market?
WOA volatility
WOA Beta2.46
Industry Beta0.54
Market Beta1

Stable Share Price: WOA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WOA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aBen Colehttps://www.wideopenagriculture.com.au

Wide Open Agriculture Limited operates as a regenerative food and agriculture company in Australia. It offers regenerative beef, lamb, and poultry products, as well as pantry staples under the Dirty Clean Food brand; and regenerative carbon-neutral oat milk under the OatUP brand name through retail and online stores. The company also focuses on the development of lupin and plant-based protein products.

Wide Open Agriculture Fundamentals Summary

How do Wide Open Agriculture's earnings and revenue compare to its market cap?
WOA fundamental statistics
Market CapAU$85.62m
Earnings (TTM)-AU$7.53m
Revenue (TTM)AU$4.32m

20.0x

P/S Ratio

-11.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WOA income statement (TTM)
RevenueAU$4.32m
Cost of RevenueAU$3.71m
Gross ProfitAU$605.25k
ExpensesAU$8.13m
Earnings-AU$7.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.066
Gross Margin14.03%
Net Profit Margin-174.49%
Debt/Equity Ratio3.8%

How did WOA perform over the long term?

See historical performance and comparison

Valuation

Is Wide Open Agriculture undervalued compared to its fair value and its price relative to the market?

6.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WOA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WOA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WOA is unprofitable, so we can't compare its PE Ratio to the Australian Food industry average.

PE vs Market: WOA is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WOA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WOA is overvalued based on its PB Ratio (6.1x) compared to the AU Food industry average (1.6x).


Future Growth

How is Wide Open Agriculture forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wide Open Agriculture has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Wide Open Agriculture performed over the past 5 years?

-45.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WOA is currently unprofitable.

Growing Profit Margin: WOA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WOA is unprofitable, and losses have increased over the past 5 years at a rate of 45.1% per year.

Accelerating Growth: Unable to compare WOA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WOA is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (45.2%).


Return on Equity

High ROE: WOA has a negative Return on Equity (-53.35%), as it is currently unprofitable.


Financial Health

How is Wide Open Agriculture's financial position?


Financial Position Analysis

Short Term Liabilities: WOA's short term assets (A$15.3M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: WOA's short term assets (A$15.3M) exceed its long term liabilities (A$1.8M).


Debt to Equity History and Analysis

Debt Level: WOA's debt to equity ratio (3.8%) is considered satisfactory.

Reducing Debt: WOA's debt to equity ratio has reduced from 46.7% to 3.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: WOA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: WOA has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 44.2% each year.


Dividend

What is Wide Open Agriculture current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate WOA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WOA'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 WOA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WOA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WOA'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?

5.1yrs

Average management tenure


CEO

Ben Cole

6.58yrs

Tenure

AU$250,313

Compensation

Dr. Ben Cole, B.Env.Sc. (Hons), PhD, serves as Managing Director & Executive Director of Wide Open Agriculture Limited since March 23, 2015. He is a Non-Executive Director of the not for profit Regional Re...


CEO Compensation Analysis

Compensation vs Market: Ben's total compensation ($USD185.79K) is below average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: WOA's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: WOA'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 been diluted in the past year, with total shares outstanding growing by 14.1%.


Top Shareholders

Company Information

Wide Open Agriculture Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wide Open Agriculture Limited
  • Ticker: WOA
  • Exchange: ASX
  • Founded: 2015
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$85.620m
  • Shares outstanding: 114.16m
  • Website: https://www.wideopenagriculture.com.au

Location

  • Wide Open Agriculture Limited
  • 1 Winton Street
  • Kewdale
  • Western Australia
  • 6105
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:05
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.