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Ruralco Holdings

ASX:RHL
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RHL
ASX
A$460M
Market Cap
  1. Home
  2. AU
  3. Retail
Company description

Ruralco Holdings Limited sells and markets merchandise, fertilizers, water products, and financial services products to rural and related customers in Australia. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Ruralco Holdings has significant price volatility in the past 3 months.
RHL Share Price and Events
7 Day Returns
0%
ASX:RHL
1.5%
AU Retail Distributors
1.2%
AU Market
1 Year Returns
38.9%
ASX:RHL
-10.5%
AU Retail Distributors
4.7%
AU Market
RHL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ruralco Holdings (RHL) 0% 0.2% 43.5% 38.9% 24.4% 13.1%
AU Retail Distributors 1.5% 1% 1.5% -10.5% 13.6% 57.6%
AU Market 1.2% 1.1% 4.3% 4.7% 18.3% 9%
1 Year Return vs Industry and Market
  • RHL outperformed the Retail Distributors industry which returned -10.5% over the past year.
  • RHL outperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
RHL
Industry
5yr Volatility vs Market

Value

 Is Ruralco Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ruralco Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ruralco Holdings.

ASX:RHL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:RHL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.818 (1 + (1- 30%) (36.55%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.018 * 5.96%)
8.38%

Discounted Cash Flow Calculation for ASX:RHL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ruralco Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:RHL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.38%)
2019 7.70 Analyst x1 7.10
2020 12.60 Analyst x1 10.73
2021 17.80 Analyst x1 13.98
2022 20.72 Est @ 16.38% 15.01
2023 23.23 Est @ 12.16% 15.54
2024 25.37 Est @ 9.2% 15.65
2025 27.18 Est @ 7.14% 15.47
2026 28.73 Est @ 5.69% 15.09
2027 30.07 Est @ 4.68% 14.57
2028 31.27 Est @ 3.97% 13.98
Present value of next 10 years cash flows A$137.14
ASX:RHL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$31.27 × (1 + 2.31%) ÷ (8.38% – 2.31%)
A$527.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$527.05 ÷ (1 + 8.38%)10
A$235.67
ASX:RHL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$137.14 + A$235.67
A$372.80
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$372.80 / 104.82
A$3.56
ASX:RHL Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.56
Current discount Discount to share price of A$4.39
= -1 x (A$4.39 - A$3.56) / A$3.56
-23.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ruralco Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ruralco Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ruralco Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:RHL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in AUD A$0.23
ASX:RHL Share Price ** ASX (2019-05-24) in AUD A$4.39
Australia Retail Distributors Industry PE Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 18.2x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ruralco Holdings.

ASX:RHL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:RHL Share Price ÷ EPS (both in AUD)

= 4.39 ÷ 0.23

18.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ruralco Holdings is overvalued based on earnings compared to the AU Retail Distributors industry average.
  • Ruralco Holdings is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Ruralco Holdings's expected growth come at a high price?
Raw Data
ASX:RHL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
10.2%per year
Global Retail Distributors Industry PEG Ratio Median Figure of 20 Publicly-Listed Retail Distributors Companies 1.3x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

ASX:RHL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.74x ÷ 10.2%

1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ruralco Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ruralco Holdings's assets?
Raw Data
ASX:RHL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in AUD A$2.83
ASX:RHL Share Price * ASX (2019-05-24) in AUD A$4.39
Australia Retail Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Retail Distributors Companies 1.98x
Australia Market PB Ratio Median Figure of 1,682 Publicly-Listed Companies 1.66x
ASX:RHL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:RHL Share Price ÷ Book Value per Share (both in AUD)

= 4.39 ÷ 2.83

1.55x

* Primary Listing of Ruralco Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ruralco Holdings is good value based on assets compared to the AU Retail Distributors industry average.
X
Value checks
We assess Ruralco Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. Ruralco Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ruralco Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ruralco Holdings expected to grow at an attractive rate?
  • Ruralco Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Ruralco Holdings's earnings growth is expected to exceed the Australia market average.
  • Ruralco Holdings's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:RHL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:RHL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 10.2%
ASX:RHL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.9%
Australia Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:RHL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:RHL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 1,789 37 33 3
2020-09-30 1,719 34 31 3
2019-09-30 1,649 29 28 3
ASX:RHL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,931 36 25
2018-12-31 1,922 35 25
2018-09-30 1,913 35 25
2018-06-30 1,649 34 26
2018-03-31 1,635 34 26
2017-12-31 1,731 24 24
2017-09-30 1,827 14 22
2017-06-30 1,836 22 14
2017-03-31 1,844 30 6
2016-12-31 1,817 34 5
2016-09-30 1,790 38 4
2016-06-30 1,726 34 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ruralco Holdings's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Ruralco Holdings's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:RHL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Ruralco Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RHL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 0.31 0.32 0.31 3.00
2020-09-30 0.29 0.31 0.28 3.00
2019-09-30 0.26 0.27 0.25 2.00
ASX:RHL Past Financials Data
Date (Data in AUD Millions) EPS *
2019-03-31 0.23
2018-12-31 0.24
2018-09-30 0.24
2018-06-30 0.24
2018-03-31 0.25
2017-12-31 0.24
2017-09-30 0.24
2017-06-30 0.16
2017-03-31 0.07
2016-12-31 0.06
2016-09-30 0.05
2016-06-30 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ruralco Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ruralco Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ruralco Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ruralco Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ruralco Holdings's growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ruralco Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Ruralco Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ruralco Holdings's 1-year earnings growth is negative, it can't be compared to the AU Retail Distributors industry average.
Earnings and Revenue History
Ruralco Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ruralco Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RHL Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,931.36 24.59 267.17
2018-12-31 1,922.43 24.89 264.72
2018-09-30 1,913.50 25.18 262.26
2018-06-30 1,648.67 25.62 260.44
2018-03-31 1,635.45 26.05 258.62
2017-12-31 1,731.13 24.24 259.22
2017-09-30 1,826.80 22.42 259.83
2017-06-30 1,835.57 14.16 257.05
2017-03-31 1,844.33 5.89 254.27
2016-12-31 1,817.24 5.09 250.79
2016-09-30 1,790.14 4.30 247.32
2016-06-30 1,726.32 9.34 240.97
2016-03-31 1,662.50 14.39 234.63
2015-12-31 1,631.18 14.22 226.57
2015-09-30 1,599.86 14.06 218.50
2015-06-30 1,576.98 14.99 214.03
2015-03-31 1,554.10 15.92 209.56
2014-12-31 1,454.99 13.24 197.01
2014-09-30 1,355.89 10.57 184.46
2014-06-30 1,274.56 8.51 161.51
2014-03-31 1,193.24 6.46 138.55
2013-12-31 1,163.28 6.10 136.24
2013-09-30 1,133.32 5.74 133.93
2013-06-30 1,110.38 7.01 133.04
2013-03-31 1,087.43 8.28 132.15
2012-12-31 1,112.55 11.06 131.00
2012-09-30 1,137.68 13.85 129.85
2012-06-30 1,092.08 14.30 128.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ruralco Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ruralco Holdings used its assets less efficiently than the AU Retail Distributors industry average last year based on Return on Assets.
  • Ruralco Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ruralco Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Retail Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ruralco Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ruralco Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ruralco Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ruralco Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ruralco Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ruralco Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ruralco Holdings Company Filings, last reported 1 month ago.

ASX:RHL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 303.81 168.18 7.50
2018-12-31 303.81 168.18 7.50
2018-09-30 300.73 138.01 18.15
2018-06-30 300.73 138.01 18.15
2018-03-31 299.10 142.16 2.28
2017-12-31 299.10 142.16 2.28
2017-09-30 290.64 113.97 22.79
2017-06-30 290.64 113.97 22.79
2017-03-31 283.48 134.53 21.27
2016-12-31 283.48 134.53 21.27
2016-09-30 211.12 69.93 5.42
2016-06-30 211.12 69.93 5.42
2016-03-31 223.42 123.91 12.70
2015-12-31 223.42 123.91 12.70
2015-09-30 222.47 59.79 0.68
2015-06-30 222.47 59.79 0.68
2015-03-31 222.42 108.37 8.00
2014-12-31 222.42 108.37 8.00
2014-09-30 221.97 64.83 26.89
2014-06-30 221.97 64.83 26.89
2014-03-31 221.02 121.30 40.13
2013-12-31 221.02 121.30 40.13
2013-09-30 160.00 80.61 26.69
2013-06-30 160.00 80.61 26.69
2013-03-31 162.04 111.59 40.53
2012-12-31 162.04 111.59 40.53
2012-09-30 171.75 98.09 52.73
2012-06-30 171.75 98.09 52.73
  • Ruralco Holdings's level of debt (55.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.6% vs 55.4% today).
  • Debt is well covered by operating cash flow (21.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.1x coverage).
X
Financial health checks
We assess Ruralco Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ruralco Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ruralco Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.64%
Current annual income from Ruralco Holdings dividends. Estimated to be 2.7% next year.
If you bought A$2,000 of Ruralco Holdings shares you are expected to receive A$73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ruralco Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
  • Ruralco Holdings's dividend is below the markets top 25% of dividend payers in Australia (5.64%).
Upcoming dividend payment

Purchase Ruralco Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:RHL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Global Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:RHL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.11 3.00
2020-09-30 0.11 3.00
2019-09-30 0.14 3.00
ASX:RHL Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.160 3.640
2018-11-12 0.150 4.292
2018-05-14 0.150 5.112
2017-12-05 0.150 4.849
2017-11-13 0.150 5.131
2017-05-15 0.110 3.760
2016-11-14 0.100 3.421
2015-12-24 0.160 4.868
2015-11-16 0.160 4.735
2014-12-23 0.160 4.425
2014-11-17 0.160 4.475
2014-05-20 0.160 4.581
2013-12-24 0.200 6.036
2013-11-19 0.200 6.004
2013-05-21 0.200 6.096
2012-12-21 0.200 6.277
2012-11-19 0.200 6.032
2012-05-22 0.200 6.086
2011-12-23 0.180 5.599
2011-11-22 0.180 5.453
2011-05-24 0.180 5.524
2010-12-31 0.160 5.235
2010-11-23 0.160 5.783
2010-05-25 0.140 5.341
2009-12-22 0.120 4.788
2009-09-30 0.120 4.988
2009-05-27 0.190 9.062

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Ruralco Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Ruralco Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ruralco Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ruralco Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ruralco Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Travis Dillon
COMPENSATION A$1,236,048
TENURE AS CEO 3.5 years
CEO Bio

Mr. Travis Dillon, Adv Dip RBM, MAICD, has been the Chief Executive Officer, Managing Director and Executive Director of Ruralco Holdings Ltd. since November 16, 2015. Mr. Dillon served as an Acting Chief Executive Officer of Ruralco Holdings Ltd. since May 2015 until November 16, 2015. Mr. Dillon served as General Manager of Rural Retail at Ruralco Holdings Ltd since September 2014 until November 16, 2015. He served as General Manager of Mainland Operations at Ruralco Holdings Ltd. since 2012. Mr. Dillon served as General Manager of Rural Supplies at Ruralco Holdings Ltd. since November 3, 2008. He is responsible for the National Procurement Team, Administration functions, Growforce Fertiliser Operations and Terra Firma. In a career spanning over 16 years, Mr. Dillon has experience in Rural Merchandising having worked for several major national agribusinesses. Prior to joining Ruralco in June 2007, he has experience in agronomy, branch management, product management. He served as State Manager of Ruralco Holdings Ltd's CRToperations in South Australia.

CEO Compensation
  • Travis's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Travis's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Ruralco Holdings management team in years:

3.4
Average Tenure
  • The tenure for the Ruralco Holdings management team is about average.
Management Team

Travis Dillon

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
TENURE
3.5 yrs

Adrian Gratwicke

TITLE
Chief Financial Officer
COMPENSATION
A$903K
TENURE
3.8 yrs

Timothy Rowe

TITLE
Group General Counsel & Group Company Secretary
COMPENSATION
A$339K
TENURE
1.5 yrs

Elizabeth Hardaker

TITLE
Executive General Manager of People & Culture
COMPENSATION
A$465K
TENURE
4 yrs

Greg O’Neil

TITLE
Executive General Manager – CRT & Procurement
COMPENSATION
A$470K
TENURE
2.3 yrs

John Tuskin

TITLE
Executive General Manager of Rural Services – Tasmania
COMPENSATION
A$384K
TENURE
1.6 yrs

Ian Perry

TITLE
Executive General Manager of Financial Services
COMPENSATION
A$414K
TENURE
3.6 yrs

Peter Weaver

TITLE
Executive General Manager of Water
COMPENSATION
A$501K
TENURE
3.3 yrs

Andrew Slatter

TITLE
Executive General Manager of Rural Services – Northern
COMPENSATION
A$411K

Emma Roche

TITLE
General Manager of Finance & Investor Relations
Board of Directors Tenure

Average tenure of the Ruralco Holdings board of directors in years:

3.5
Average Tenure
  • The tenure for the Ruralco Holdings board of directors is about average.
Board of Directors

Rick Lee

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$229K
AGE
68
TENURE
2.7 yrs

Travis Dillon

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
TENURE
3.5 yrs

Elizabeth Johnstone

TITLE
Independent Non-Executive Director
COMPENSATION
A$142K
TENURE
4.7 yrs

Trudy Vonhoff

TITLE
Independent Non-Executive Director
COMPENSATION
A$132K
TENURE
4.7 yrs

Andrew Macpherson

TITLE
Independent Non-Executive Director
COMPENSATION
A$80K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
23. May 19 Sell Perpetual Limited Company 03. Apr 19 21. May 19 -1,282,815 A$4.53 A$-5,686,927
15. Mar 19 Sell UBS Asset Management Company 14. Nov 18 13. Mar 19 -1,580,412 A$3.36 A$-5,315,283
15. Mar 19 Buy UBS Asset Management Company 14. Nov 18 13. Mar 19 4,600,498 A$4.28 A$19,711,078
04. Mar 19 Sell Perpetual Limited Company 04. Oct 18 28. Feb 19 -4,625,116 A$4.10 A$-18,983,710
04. Mar 19 Buy Perpetual Limited Company 12. Oct 18 01. Feb 19 2,022,770 A$2.91 A$5,890,577
18. Feb 19 Sell Regal Funds Management Pty Limited Company 16. Oct 17 14. Feb 19 -3,538,486 A$2.94 A$-10,408,949
18. Feb 19 Buy Regal Funds Management Pty Limited Company 03. Oct 17 29. Oct 18 2,416,359 A$2.86 A$6,909,184
23. Nov 18 Buy Elizabeth Johnstone Individual 19. Nov 18 19. Nov 18 6,000 A$3.12 A$18,717
02. Oct 18 Sell Perpetual Limited Company 11. Sep 18 11. Sep 18 -483,857 A$2.85 A$-1,381,024
02. Oct 18 Buy Perpetual Limited Company 04. Sep 18 28. Sep 18 1,661,023 A$2.90 A$4,730,490
05. Sep 18 Buy Perpetual Limited Company 28. Aug 18 03. Sep 18 1,152,817 A$2.88 A$3,307,571
21. Aug 18 Buy Perpetual Limited Company 20. Jun 17 17. Aug 18 4,461,638 A$2.87 A$12,801,626
03. Aug 18 Sell Ellerston Capital Limited Company 22. Jun 18 02. Aug 18 -1,242,467 A$2.90 A$-3,603,937
03. Aug 18 Buy Ellerston Capital Limited Company 07. Jun 18 31. Jul 18 323,628 A$2.86 A$926,951
07. Jun 18 Buy Ellerston Capital Limited Company 08. Jan 18 06. Jun 18 2,400,215 A$3.07 A$7,375,389
X
Management checks
We assess Ruralco Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ruralco Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Insiders Own Lots Of Shares In Ruralco Holdings Limited (ASX:RHL)?

If you want to know who really controls Ruralco Holdings Limited (ASX:RHL), then you'll have to look at the makeup of its share registry. … Ruralco Holdings is a smaller company with a market capitalization of AU$319m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Financially Strong Is Ruralco Holdings Limited (ASX:RHL)?

Investors are always looking for growth in small-cap stocks like Ruralco Holdings Limited (ASX:RHL), with a market cap of AU$316m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Should You Worry About Ruralco Holdings Limited's (ASX:RHL) CEO Pay Cheque?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Ruralco Holdings … How Does Travis Dillon's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Ruralco Holdings Limited (ASX:RHL) Delivered A Better ROE Than Its Industry

Our data shows Ruralco Holdings has a return on equity of 11% for the last year. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Ruralco Holdings Limited (ASX:RHL): What’s In It For The Shareholders?

I will take you through Ruralco Holdings’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Ruralco Holdings’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Ruralco Holdings’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

What Should Investors Know About The Future Of Ruralco Holdings Limited's (ASX:RHL)?

In September 2018, Ruralco Holdings Limited (ASX:RHL) released its earnings update. … as upcoming earnings growth is expected to be 23% next year, similar to the range of average earnings growth for the past five years of 24% per year … Currently with trailing-twelve-month earnings of AU$25m, we can expect this to reach AU$31m by 2019.

Simply Wall St -

What Should You Know About Ruralco Holdings Limited's (ASX:RHL) Return On Capital?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Ruralco Holdings’s capital returns we will look at a useful metric called return on capital employed. … What is Return on Capital Employed (ROCE)?

Simply Wall St -

Estimating The Intrinsic Value Of Ruralco Holdings Limited (ASX:RHL)

by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

What Are Analysts Saying About Ruralco Holdings Limited's (ASX:RHL) Earnings Outlook?

Ruralco Holdings Limited's (ASX:RHL) latest earnings announcement in September 2018 … Today I want to provide a brief commentary on … earnings growth

Simply Wall St -

Could Ruralco Holdings Limited's (ASX:RHL) Investor Composition Influence The Stock Price?

Ruralco Holdings is not a large company by global standards. … institutional investors have bought into the company. … Check out our latest analysis for Ruralco Holdings

Simply Wall St -

Company Info

Description

Ruralco Holdings Limited sells and markets merchandise, fertilizers, water products, and financial services products to rural and related customers in Australia. It operates through Rural Services, Water Services, Live Export, and Financial Services segments. The company offers agronomic advisory and agency services, as well as sells supplies, such as fertilizers, crop-protection products, and general farm merchandise; and insurance broking, finance broking, and commodity advice and analysis services. It is also involved in the sale of domestic, civil, industrial, and agricultural irrigation products and parts; design, construction, installation, and maintenance of on-farm water infrastructure solutions; and brokering the purchase and sale of temporary and permanent water entitlements, as well as export of feeder and slaughter cattle. In addition, the company provides grain trading services; wool marketing services; livestock specialist services, including advice on buying and selling livestock, herd selection, and genetics for dairy and beef cattle and sheep; and agricultural advisory, risk analysis, and management services. Further, it engages in the marketing and selling rural, rural lifestyle, commercial, and residential real estate properties. Ruralco Holdings Limited is based in Macquarie Park, Australia.

Details
Name: Ruralco Holdings Limited
RHL
Exchange: ASX
Founded:
A$460,154,654
104,818,828
Website: http://www.ruralco.com.au
Address: Ruralco Holdings Limited
Building A,
Level 5,
Macquarie Park,
New South Wales, 2113,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX RHL Ordinary Shares Australian Securities Exchange AU AUD 28. Jun 2006
CHIA RHL Ordinary Shares Chi-X Australia AU AUD 28. Jun 2006
Number of employees
Current staff
Staff numbers
1,955
Ruralco Holdings employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 10:34
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.