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NUF

NufarmASX:NUF Stock Report

Market Cap

AU$1.8b

7D

3.3%

1Y

21.5%

Updated

16 Oct, 2021

Data

Company Financials +
NUF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

NUF Overview

Nufarm Limited, together with its subsidiaries, develops, manufactures, and sells crop protection solutions and seed technologies in Australia, New Zealand, Asia, Europe, and North America.

Rewards

Trading at 60.5% below our estimate of its fair value

Earnings are forecast to grow 41.64% per year

Risk Analysis

No risks detected for NUF from our risk checks.

Nufarm Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nufarm
Historical stock prices
Current Share PriceAU$4.69
52 Week HighAU$3.37
52 Week LowAU$5.60
Beta0.57
1 Month Change5.87%
3 Month Change5.39%
1 Year Change21.50%
3 Year Change-19.14%
5 Year Change-47.48%
Change since IPO136.45%

Recent News & Updates

Mar 01
Nufarm Limited (ASX:NUF) On The Verge Of Breaking Even

Nufarm Limited (ASX:NUF) On The Verge Of Breaking Even

We feel now is a pretty good time to analyse Nufarm Limited's ( ASX:NUF ) business as it appears the company may be on...

Shareholder Returns

NUFAU ChemicalsAU Market
7D3.3%0.08%0.9%
1Y21.5%11.3%20.2%

Return vs Industry: NUF exceeded the Australian Chemicals industry which returned 11.3% over the past year.

Return vs Market: NUF exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is NUF's price volatile compared to industry and market?
NUF volatility
NUF Beta0.57
Industry Beta0.80
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19162,378Greg Hunthttps://www.nufarm.com

Nufarm Limited, together with its subsidiaries, develops, manufactures, and sells crop protection solutions and seed technologies in Australia, New Zealand, Asia, Europe, and North America. The company’s protection solutions include herbicides, insecticides, and fungicides that help growers protect crops against weeds, pests, and disease. It also provides seed treatment products for the protection and treatment of damage caused by insects, fungus, and disease; and distributes sunflower, sorghum, and canola seeds.

Nufarm Fundamentals Summary

How do Nufarm's earnings and revenue compare to its market cap?
NUF fundamental statistics
Market CapAU$1.78b
Earnings (TTM)-AU$548.07m
Revenue (TTM)AU$1.60b

1.1x

P/S Ratio

-3.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NUF income statement (TTM)
RevenueAU$1.60b
Cost of RevenueAU$1.36b
Gross ProfitAU$239.52m
ExpensesAU$787.59m
Earnings-AU$548.07m

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

Nov 17, 2021

Earnings per share (EPS)-1.44
Gross Margin14.93%
Net Profit Margin-34.17%
Debt/Equity Ratio43.3%

How did NUF perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NUF (A$4.69) is trading below our estimate of fair value (A$11.87)

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


Price To Earnings Ratio

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

PE vs Market: NUF 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 NUF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NUF is good value based on its PB Ratio (1x) compared to the AU Chemicals industry average (4x).


Future Growth

How is Nufarm forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

41.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NUF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: NUF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NUF's is expected to become profitable in the next 3 years.

Revenue vs Market: NUF's revenue (5.5% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: NUF's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NUF's Return on Equity is forecast to be low in 3 years time (5.2%).


Past Performance

How has Nufarm performed over the past 5 years?

-829.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NUF is currently unprofitable.

Growing Profit Margin: NUF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NUF's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: NUF is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-61.8%).


Return on Equity

High ROE: NUF has a negative Return on Equity (-26.78%), as it is currently unprofitable.


Financial Health

How is Nufarm's financial position?


Financial Position Analysis

Short Term Liabilities: NUF's short term assets (A$2.4B) exceed its short term liabilities (A$1.2B).

Long Term Liabilities: NUF's short term assets (A$2.4B) exceed its long term liabilities (A$1.1B).


Debt to Equity History and Analysis

Debt Level: NUF's debt to equity ratio (43.3%) is considered high.

Reducing Debt: NUF's debt to equity ratio has reduced from 73.1% to 43.3% 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: Insufficient data to determine if NUF has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NUF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Nufarm current dividend yield, its reliability and sustainability?

2.03%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: NUF is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

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

3.2yrs

Average management tenure


CEO

Greg Hunt (62 yo)

6.42yrs

Tenure

AU$1,906,506

Compensation

Mr. Gregory Allan Hunt, also known as Greg, Grad. Dip., Mgmnt, AMP Harvard, AICD, REBA, has been the Chief Executive Officer and Managing Director of Nufarm Limited since May 05, 2015. Mr. Hunt serves as M...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD1.42M) is about average for companies of similar size in the Australian market ($USD1.41M).

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


Leadership Team

Experienced Management: NUF's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: NUF's board of directors are considered experienced (6.4 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

Nufarm Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Nufarm Limited
  • Ticker: NUF
  • Exchange: ASX
  • Founded: 1916
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: AU$1.782b
  • Shares outstanding: 379.91m
  • Website: https://www.nufarm.com

Number of Employees


Location

  • Nufarm Limited
  • 103-105 Pipe Road
  • Laverton North
  • Victoria
  • 3026
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:04
End of Day Share Price2021/10/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.