Rural Funds Group
Market Cap
AU$659.8m
Last Updated
2019/08/24 10:37 UTC
Data Sources
Company Financials +
Executive Summary
RFF owns a diversified portfolio of high quality Australian agricultural assets.
Snowflake
Fundamentals
Good value with moderate growth potential.
Risks
- Rural Funds Group has significant price volatility in the past 3 months.
- Rural Funds Group's last earnings update was 185 days ago.
Share Price & News
How has Rural Funds Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.0%
ASX:RFF
3.0%
AU REITs
1.9%
AU Market
1 Year Return
-7.5%
ASX:RFF
19.1%
AU REITs
2.3%
AU Market
RFF underperformed the REITs industry which returned 18.9% over the past year.
RFF underperformed the Market in Australia which returned 2.2% over the past year.
Share holder returns
| RFF | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 3.0% | 1.9% |
| 30 Day | -16.2% | 0.3% | -4.2% |
| 90 Day | -12.4% | 3.8% | 1.2% |
| 1 Year | -3.1%-7.5% | 25.1%19.1% | 8.0%2.3% |
| 3 Year | 42.4%20.1% | 35.7%16.2% | 32.9%15.6% |
| 5 Year | 183.9%99.0% | 102.4%57.3% | 39.3%8.4% |
Price Volatility Vs. Market
How volatile is Rural Funds Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
David Bryant Is The MD & Director of Rural Funds Management Limited of Rural Funds Group (ASX:RFF) And They Just Spent AU$500k On Shares1 month ago | Simply Wall St
How Much Of Rural Funds Group (ASX:RFF) Do Institutions Own?2 months ago | Simply Wall St
Investors Who Bought Rural Funds Group (ASX:RFF) Shares Five Years Ago Are Now Up 145%Valuation
Is Rural Funds Group undervalued based on future cash flows and its price relative to the stock market?
45%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Rural Funds Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
Rural Funds Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Rural Funds Group is overvalued based on earnings compared to the AU REITs industry average.
Rural Funds Group is good value based on earnings compared to the Australia market.
Price Based on Expected Growth
Rural Funds Group is good value based on expected growth next year.
Price Based on Value of Assets
Rural Funds Group is overvalued based on assets compared to the AU REITs industry average.
Next Steps
Future Growth
How is Rural Funds Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Rural Funds Group's revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Rural Funds Group's earnings are expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
Rural Funds Group's revenue growth is expected to exceed the Australia market average.
Rural Funds Group's earnings growth is expected to exceed the Australia market average.
Rural Funds Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Earnings per Share Growth Estimates
Future Return on Equity
Rural Funds Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Rural Funds Group performed over the past 5 years?
29.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Rural Funds Group has delivered over 20% year on year earnings growth in the past 5 years.
Rural Funds Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Rural Funds Group's 1-year earnings growth is negative, it can't be compared to the AU REITs industry average.
Return on Equity
Rural Funds Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Rural Funds Group used its assets less efficiently than the AU REITs industry average last year based on Return on Assets.
Return on Capital Employed
Rural Funds Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Rural Funds Group's financial position?
Financial Position Analysis
Rural Funds Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Rural Funds Group's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Rural Funds Group's level of debt (45.7%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (82.3% vs 45.7% today).
Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
Next Steps
Dividend
What is Rural Funds Group's current dividend yield, its reliability and sustainability?
5.61%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Rural Funds Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.55%).
Rural Funds Group's dividend is below the markets top 25% of dividend payers in Australia (5.77%).
Whilst dividend payments have been stable, Rural Funds Group has been paying a dividend for less than 10 years.
Dividend payments have increased, but Rural Funds Group only paid a dividend in the past 5 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.4x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
Next Steps
Management
What is the CEO of Rural Funds Group's salary, the management and board of directors tenure and is there insider trading?
9.3yrs
Average board tenure
CEO
John Bryant 0
0.0yrs
Tenure
Mr. David Anthony Bryant, also known as John, serves as the Managing Director of Rural Funds Management Limited has been its Director since February 17, 1997. Mr. Bryant is responsible for leading the exec ...
Board Age and Tenure
9.3yrs
Average Tenure
The tenure for the Rural Funds Group board of directors is about average.
Insider Trading
More shares have been bought than sold by Rural Funds Group individual insiders in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director of Rural Funds Management Limited |
| Shares | 38,105 |
| Max Price | AU$1.84 |
| Entity | Individual |
| Role | Chief Executive Officer MD & Director of Rural Funds Management Limited |
| Shares | 1,538 |
| Max Price | AU$1.95 |
| Entity | Individual |
| Role | Chief Executive Officer MD & Director of Rural Funds Management Limited |
| Shares | 292,500 |
| Max Price | AU$1.71 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director of Rural Funds Management Limited |
| Shares | 15,730 |
| Max Price | AU$1.90 |
| Entity | Company |
| Shares | 150,000 |
| Max Price | AU$1.70 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman of Rural Funds Management Limited |
| Shares | 250,000 |
| Max Price | AU$1.77 |
Ownership Breakdown
Management Team
John Bryant
MD & Director of Rural Funds Management Limited
- Tenure: 0.0yrs
Daniel Yap
Financial Controller of Rural Funds Management Limited
- Tenure: 0.0yrs
James Powell
General Manager of Investor Relations & Marketing - Rural Funds Management Limited
- Tenure: 0.0yrs
Tim Sheridan
Chief Operating Officer of Rural Funds Management Ltd.
- Tenure: 0.6yrs
Emma Spear
Company Secretary of Rural Funds Management Ltd
- Tenure: 1.0yrs
Board Members
Leslie Paynter (76yo)
Non-Executive Chairman of Rural Funds Management Limited
- Tenure: 0.0yrs
Mike Carroll
Independent Non-Executive Director of Rural Funds Management Limited
- Tenure: 9.3yrs
Julian Widdup
Independent Non-Executive Director of Rural Funds Management Limited
- Tenure: 2.5yrs
John Bryant
MD & Director of Rural Funds Management Limited
- Tenure: 0.0yrs
Company Information
Rural Funds Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Rural Funds Group
- Ticker: RFF
- Exchange: ASX
- Founded:
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: AU$659.805m
- Shares outstanding: 334.93m
- Website: https://ruralfunds.com.au/rural-funds-group/
Location
- Rural Funds Group
- 2 King Street
- Level 2
- Deakin
- Australian Capital Territory
- 2600
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RFF | ASX (Australian Securities Exchange) | Yes | Units | AU | AUD | Feb 2014 |
| RFF | CHIA (Chi-X Australia) | Yes | Units | AU | AUD | Feb 2014 |
| RFND.F | OTCPK (Pink Sheets LLC) | Yes | Units | US | USD | Feb 2014 |
Biography
RFF owns a diversified portfolio of high quality Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts an ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/24 10:37 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/06/30 |
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.