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

RFF is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (33.6x).

How does RFF's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

RFF is good value based on its Price-To-Earnings Ratio (7.8x) compared to the Global Specialized REITs industry average (19x).

What is RFF'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.

RFF is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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

RFF (A$1.66) is trading below our estimate of [[fair value]] (A$2.67)

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

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

RFF Stock Overview

An agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. More details

RFF fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	1/6
Financial Health	1/6
Dividends	5/6

Rewards

Trading at 37.7% below our estimate of its fair value

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 33.9%

Risk Analysis

Earnings are forecast to decline by an average of 6.5% per year for the next 3 years

Interest payments are not well covered by earnings

Profit margins (74%) are lower than last year

Dividend of 7.07% is not well covered by free cash flows

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Rural Funds Group Competitors

Arena REIT

ASX:ARF

AU$1.6b

Abacus Storage King

ASX:ASK

AU$1.5b

Hotel Property Investments

ASX:HPI

AU$738.1m

HealthCo Healthcare and Wellness REIT

ASX:HCW

AU$521.2m

Price History & Performance

Summary of share price highs, lows and changes for Rural Funds Group
Historical stock prices
Current Share Price	AU$1.66
52 Week High	AU$2.22
52 Week Low	AU$1.66
Beta	0.65
1 Month Change	-3.21%
3 Month Change	-13.09%
1 Year Change	-19.02%
3 Year Change	-43.92%
5 Year Change	-13.32%
Change since IPO	121.33%

Recent updates

Rural Funds Group (ASX:RFF) Has Gifted Shareholders With A Fantastic 140% Total Return On Their Investment

Mar 01

Rural Funds Group's (ASX:RFF) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Jan 24

Did You Participate In Any Of Rural Funds Group's (ASX:RFF) Fantastic 159% Return ?

Nov 30

Shareholder Returns

	RFF	AU Specialized REITs	AU Market
7D	-1.5%	-2.1%	0.1%
1Y	-19.0%	2.3%	9.8%

Return vs Industry: RFF underperformed the Australian Specialized REITs industry which returned 2.3% over the past year.

Return vs Market: RFF underperformed the Australian Market which returned 9.8% over the past year.

Price Volatility

Is RFF's price volatile compared to industry and market?
RFF volatility
RFF Average Weekly Movement	2.1%
Specialized REITs Industry Average Movement	2.4%
Market Average Movement	7.9%
10% most volatile stocks in AU Market	16.6%
10% least volatile stocks in AU Market	2.9%

Stable Share Price: RFF has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: RFF's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	John Bryant	ruralfunds.com.au/rural-funds-group/

Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties.

Rural Funds Group Fundamentals Summary

How do Rural Funds Group's earnings and revenue compare to its market cap?
RFF fundamental statistics
Market cap	AU$648.89m
Earnings (TTM)	AU$83.25m
Revenue (TTM)	AU$112.50m

7.8x

P/E Ratio

5.8x

P/S Ratio

Is RFF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RFF income statement (TTM)
Revenue	AU$112.50m
Cost of Revenue	AU$34.46m
Gross Profit	AU$78.04m
Other Expenses	-AU$5.20m
Earnings	AU$83.25m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.21
Gross Margin	69.37%
Net Profit Margin	74.00%
Debt/Equity Ratio	73.5%

How did RFF perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

47%

Payout Ratio

Does RFF pay a reliable dividends?

See RFF dividend history and benchmarks

When do you need to buy RFF by to receive an upcoming dividend?
Rural Funds Group dividend dates
Ex Dividend Date	Dec 30 2024
Dividend Pay Date	Jan 31 2025
Days until Ex dividend	21 days
Days until Dividend pay date	11 days

Does RFF pay a reliable dividends?

See RFF dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/20 08:03
End of Day Share Price	2025/01/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Rural Funds Group is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jonathan Snape	Bell Potter
Edmund Anthony Henning	CLSA
James Druce	CLSA

RFF Stock Overview

Rewards

Risk Analysis

Rural Funds Group Competitors

ASX:ARF

AU$1.6b

ASX:ASK

AU$1.5b

ASX:HPI

AU$738.1m

ASX:HCW

AU$521.2m

Price History & Performance

Recent News & Updates

Fourth quarter dividend of AU$0.029 announced

Upcoming dividend of AU$0.029 per share

Fourth quarter dividend of AU$0.029 announced

Insufficient new directors

Upcoming dividend of AU$0.029 per share

Fourth quarter dividend of AU$0.029 announced

Recent updates

Fourth quarter dividend of AU$0.029 announced

Upcoming dividend of AU$0.029 per share

Fourth quarter dividend of AU$0.029 announced

Insufficient new directors

Upcoming dividend of AU$0.029 per share

Fourth quarter dividend of AU$0.029 announced

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Rural Funds Group to Report Fiscal Year 2024 Results on Aug 23, 2024

Dividend of AU$0.029 announced

Upcoming dividend of AU$0.029 per share

Dividend of AU$0.029 announced

Consensus EPS estimates fall by 20%

First half 2024 earnings released: FFO per share: AU$0.1 (vs AU$0.15 in 1H 2023)

Rural Funds Group to Report First Half, 2024 Results on Feb 23, 2024

Now 20% undervalued

Now 20% undervalued

Rural Funds Group Announces Estimated Dividend for the Quarter Ended December 31, 2023, Payable on January 31, 2024

Upcoming dividend of AU$0.029 per share at 5.6% yield

Rural Funds Group Announces Actual Ordinary Dividend for the Quarter Ending September 30, 2023, Payable on October 31, 2023

Consensus EPS estimates increase by 12%

Key Executive recently bought AU$551k worth of stock

Upcoming dividend of AU$0.029 per share at 6.1% yield

Rural Funds Group Announces Ordinary Dividend for the Quarter Ending September 30, 2023, Payable on October 31, 2023

Now 21% undervalued

New minor risk - Profit margin trend

Rural Funds Group to Report Fiscal Year 2023 Results on Aug 24, 2023

Upcoming dividend of AU$0.029 per share at 6.8% yield

Rural Funds Group Announces Ordinary Dividend for the Quarter Ending June 30, 2023, Payable on July 31, 2023

Now 22% undervalued after recent price drop

Key Executive recently bought AU$504k worth of stock

First half 2023 earnings released: EPS: AU$0.14 (vs AU$0.094 in 1H 2022)

Rural Funds Group to Report First Half, 2023 Results on Feb 22, 2023

Upcoming dividend of AU$0.029 per share

Rural Funds Group Announces Ordinary Dividend for the Quarter Ending December 31, 2022, Payable on January 31, 2023

Upcoming dividend of AU$0.029 per share

Key Executive recently bought AU$998k worth of stock

Rural Funds Group Declares Dividend for the Quarter Ended September 30, 2022, Payable on October 31, 2022

Full year 2022 earnings: Revenues miss analyst expectations

Rural Funds Group Provides Distribution Guidance for the Fiscal Year 2023

Rural Funds Group to Report Fiscal Year 2022 Results on Aug 31, 2022

Rural Funds Group Declares Dividend for the Quarter Ended June 30, 2022, Payable on July 29, 2022

Upcoming dividend of AU$0.029 per share

Rural Funds Group Announces Dividend for Quarter Ended June 30, 2022

Rural Funds Group Declares Quarterly Dividend for the Quarter Ending March 31, 2022, Payable on April 29, 2022

Upcoming dividend of AU$0.029 per share

Rural Funds Group Declares Quarterly Dividend for the Quarter Ending March 31, 2022, Payable on April 29, 2022

Key Executive recently bought AU$521k worth of stock

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Rural Funds Group Provides Forecast Distributions for Fiscal Year 2022

Rural Funds Group to Report First Half, 2022 Results on Feb 18, 2022

High number of new directors

Upcoming dividend of AU$0.029 per share

Upcoming dividend of AU$0.029 per share

Full year 2021 earnings released: EPS AU$0.35 (vs AU$0.13 in FY 2020)

Upcoming dividend of AU$0.028 per share

Rural Funds Group Announces Dividend for the Period Ending June 30, 2021, Payable on July 30, 2021

Upcoming dividend of AU$0.028 per share

Rural Funds Group (ASX:RFF) Has Gifted Shareholders With A Fantastic 140% Total Return On Their Investment

First half 2021 earnings released: FFO AU$0.08 per share (vs AU$0.084 in 1H 2020)