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 Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.78|
|52 Week High||AU$3.22|
|52 Week Low||AU$2.47|
|1 Month Change||8.59%|
|3 Month Change||-4.80%|
|1 Year Change||7.34%|
|3 Year Change||53.59%|
|5 Year Change||41.48%|
|Change since IPO||270.67%|
Recent News & Updates
|RFF||AU REITs||AU Market|
Return vs Industry: RFF exceeded the Australian REITs industry which returned -7.9% over the past year.
Return vs Market: RFF exceeded the Australian Market which returned -7.9% over the past year.
|RFF Average Weekly Movement||5.3%|
|REITs Industry Average Movement||4.1%|
|Market Average Movement||10.6%|
|10% most volatile stocks in AU Market||17.5%|
|10% least volatile stocks in AU Market||4.7%|
Stable Share Price: RFF is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RFF's weekly volatility (5%) has been stable over the past year.
About the Company
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
|RFF fundamental statistics|
Is RFF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RFF income statement (TTM)|
|Cost of Revenue||AU$16.41m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.25|
|Net Profit Margin||125.92%|
How did RFF perform over the long term?See historical performance and comparison
4.2%Current Dividend Yield
Is RFF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RFF?
Other financial metrics that can be useful for relative valuation.
|What is RFF's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RFF's PE Ratio compare to its peers?
|RFF PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CQE Charter Hall Social Infrastructure REIT
ARF Arena REIT
HPI Hotel Property Investments
COF Centuria Office REIT
RFF Rural Funds Group
Price-To-Earnings vs Peers: RFF is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (5.6x).
Price to Earnings Ratio vs Industry
How does RFF's PE Ratio compare vs other companies in the AU REITs Industry?
Price-To-Earnings vs Industry: RFF is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the Australian REITs industry average (6.8x)
Price to Earnings Ratio vs Fair Ratio
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.
|Current PE Ratio||11.1x|
|Fair PE Ratio||10.3x|
Price-To-Earnings vs Fair Ratio: RFF is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.3x).
Share Price vs Fair Value
What is the Fair Price of RFF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RFF (A$2.78) is trading below our estimate of fair value (A$4.47)
Significantly Below Fair Value: RFF is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
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How is Rural Funds Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RFF's earnings are forecast to decline over the next 3 years (-0.3% per year).
Earnings vs Market: RFF's earnings are forecast to decline over the next 3 years (-0.3% per year).
High Growth Earnings: RFF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RFF's revenue (9.9% per year) is forecast to grow faster than the Australian market (5.7% per year).
High Growth Revenue: RFF's revenue (9.9% 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 (5.7%).
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How has Rural Funds Group performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
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 182.6%.
Return on Equity
High ROE: RFF's Return on Equity (13%) is considered low.
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How is Rural Funds Group's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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.
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What is Rural Funds Group current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RFF's dividend (4.22%) is higher than the bottom 25% of dividend payers in the Australian market (2.62%).
High Dividend: RFF's dividend (4.22%) is low compared to the top 25% of dividend payers in the Australian market (6.24%).
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: RFF's management team is considered experienced (4 years average tenure).
Experienced Board: RFF's board of directors are seasoned and experienced ( 12.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Rural Funds Group's employee growth, exchange listings and data sources
- Name: Rural Funds Group
- Ticker: RFF
- Exchange: ASX
- Founded: NaN
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: AU$1.065b
- Shares outstanding: 383.06m
- Website: https://ruralfunds.com.au/rural-funds-group/
- Rural Funds Group
- 2 King Street
- Level 2
- Australian Capital Territory
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 00:00|
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.