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RFF

Rural Funds Group ASX:RFF Stock Report

Last Price

AU$3.03

Market Cap

AU$1.2b

7D

4.8%

1Y

26.3%

Updated

18 May, 2022

Data

Company Financials +
RFF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends2/6

RFF Stock Overview

Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF.

Rural Funds Group Peers

Price History & Performance

Summary of all time highs, changes and price drops for Rural Funds Group
Historical stock prices
Current Share PriceAU$3.03
52 Week HighAU$3.22
52 Week LowAU$2.36
Beta0.21
1 Month Change-1.30%
3 Month Change3.77%
1 Year Change26.25%
3 Year Change32.90%
5 Year Change66.03%
Change since IPO304.00%

Recent News & Updates

Shareholder Returns

RFFAU REITsAU Market
7D4.8%-0.07%0.7%
1Y26.3%2.3%2.1%

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

Return vs Market: RFF exceeded the Australian Market which returned 2.1% over the past year.

Price Volatility

Is RFF's price volatile compared to industry and market?
RFF volatility
RFF Average Weekly Movement3.1%
REITs Industry Average Movement3.5%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

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

Volatility Over Time: RFF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aJohn Bryanthttps://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 CapAU$1.16b
Earnings (TTM)AU$95.85m
Revenue (TTM)AU$76.12m

12.1x

P/E Ratio

15.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RFF income statement (TTM)
RevenueAU$76.12m
Cost of RevenueAU$16.41m
Gross ProfitAU$59.71m
Other Expenses-AU$36.14m
EarningsAU$95.85m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin78.45%
Net Profit Margin125.92%
Debt/Equity Ratio59.4%

How did RFF perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

39%

Payout Ratio
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is Rural Funds Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

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


0.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RFF's forecast earnings growth (0.2% per year) is below the savings rate (1.8%).

Earnings vs Market: RFF's earnings (0.2% per year) are forecast to grow slower than the Australian market (6.1% per year).

High Growth Earnings: RFF's earnings are forecast to grow, but not significantly.

Revenue vs Market: RFF's revenue (10.2% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: RFF's revenue (10.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RFF's Return on Equity is forecast to be low in 3 years time (6.1%).


Past Performance

How has Rural Funds Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RFF has a large one-off gain of A$47.2M impacting its December 31 2021 financial results.

Growing Profit Margin: RFF's current net profit margins are higher than last year (99.7%).


Past Earnings Growth Analysis

Earnings Trend: RFF's earnings have grown significantly by 30.2% per year over the past 5 years.

Accelerating Growth: RFF's earnings growth over the past year (29.6%) is below its 5-year average (30.2% per year).

Earnings vs Industry: RFF earnings growth over the past year (29.6%) underperformed the REITs industry 215.6%.


Return on Equity

High ROE: RFF's Return on Equity (13%) is considered low.


Financial Health

How is Rural Funds Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RFF's short term assets (A$24.9M) do not cover its short term liabilities (A$29.4M).

Long Term Liabilities: RFF's short term assets (A$24.9M) do not cover its long term liabilities (A$460.2M).


Debt to Equity History and Analysis

Debt Level: RFF's net debt to equity ratio (57.9%) is considered high.

Reducing Debt: RFF's debt to equity ratio has reduced from 80.6% to 59.4% over the past 5 years.

Debt Coverage: RFF's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: RFF earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Rural Funds Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.87%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RFF's dividend (3.87%) is higher than the bottom 25% of dividend payers in the Australian market (2.56%).

High Dividend: RFF's dividend (3.87%) is low compared to the top 25% of dividend payers in the Australian market (6.13%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RFF has been paying a dividend for less than 10 years.

Growing Dividend: RFF's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.3%), RFF's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: RFF is paying a dividend but the company has no free cash flows.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

John Bryant

no data

Tenure

Mr. David Anthony Bryant, also known as John, serves as the Managing Director of Rural Funds Management Limited, the responsible entity and manager of Rural Funds Group has been its Director since February...


Leadership Team

Experienced Management: RFF's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: RFF's board of directors are seasoned and experienced ( 12.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RFF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.


Top Shareholders

Company Information

Rural Funds Group's employee growth, exchange listings and data sources


Key Information


Location

  • Rural Funds Group
  • 2 King Street
  • Level 2
  • Deakin
  • Australian Capital Territory
  • 2600
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/12/31
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.