Allied Farmers
Market Cap
NZ$12.5m
Last Updated
2020/02/18 10:33 UTC
Data Sources
Company Financials
Executive Summary
Allied Farmers Limited, through its subsidiaries, provides rural services.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Share Price & News
How has Allied Farmers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALF has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
ALF
1.6%
NZ Food
0.3%
NZ Market
1 Year Return
-14.5%
ALF
3.4%
NZ Food
21.9%
NZ Market
Return vs Industry: ALF underperformed the NZ Food industry which returned 1.9% over the past year.
Return vs Market: ALF underperformed the NZ Market which returned 21.1% over the past year.
Shareholder returns
| ALF | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.6% | 0.3% |
| 30 Day | 1.4% | 0.6% | -0.2% |
| 90 Day | 0% | 2.3% | 7.2% |
| 1 Year | -11.9%-14.5% | 4.7%3.4% | 26.9%21.9% |
| 3 Year | 6.4%-1.4% | 59.2%46.0% | 60.1%39.2% |
| 5 Year | 9.4%1.4% | 119.0%79.3% | 98.3%54.2% |
Price Volatility Vs. Market
How volatile is Allied Farmers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
A Close Look At Allied Farmers Limited’s (NZSE:ALF) 33% ROCE4 weeks ago | Simply Wall St
Allied Farmers Limited (NZSE:ALF) Delivered A Better ROE Than Its Industry1 month ago | Simply Wall St
What Kind Of Shareholders Own Allied Farmers Limited (NZSE:ALF)?Valuation
Is Allied Farmers undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALF (NZ$0.71) is trading below our estimate of fair value (NZ$9.54)
Significantly Below Fair Value: ALF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALF is good value based on its PE Ratio (9.4x) compared to the Food industry average (15.7x).
PE vs Market: ALF is good value based on its PE Ratio (9.4x) compared to the NZ market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ALF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ALF is overvalued based on its PB Ratio (2.9x) compared to the NZ Food industry average (1.2x).
Next Steps
Future Growth
How is Allied Farmers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.6%
Forecasted Food, Beverage & Tobacco industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Allied Farmers has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Allied Farmers is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Allied Farmers competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Food, Beverage & Tobacco industry.
Past Performance
How has Allied Farmers performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALF has high quality earnings.
Growing Profit Margin: ALF's current net profit margins (5.9%) are lower than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: ALF's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: ALF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALF had negative earnings growth (-18%) over the past year, making it difficult to compare to the Food industry average (-9.7%).
Return on Equity
High ROE: ALF's Return on Equity (34.7%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Allied Farmers's financial position?
Financial Position Analysis
Short Term Liabilities: ALF's short term assets (NZ$18.7M) exceed its short term liabilities (NZ$15.4M).
Long Term Liabilities: ALF's short term assets (NZ$18.7M) exceed its long term liabilities (NZ$2.9M).
Debt to Equity History and Analysis
Debt Level: ALF's debt to equity ratio (77.6%) is considered high.
Reducing Debt: ALF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ALF's debt is well covered by operating cash flow (68.6%).
Interest Coverage: ALF's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
Inventory Level: ALF has a low level of unsold assets or inventory.
Debt Coverage by Assets: ALF's debt is covered by short term assets (assets are 4.2x debt).
Next Steps
Dividend
What is Allied Farmers's current dividend yield, its reliability and sustainability?
2.82%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ALF's dividend (2.82%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.87%).
High Dividend: ALF's dividend (2.82%) is low compared to the top 25% of dividend payers in the NZ market (5.62%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ALF has been paying a dividend for less than 10 years.
Growing Dividend: ALF has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.4%), ALF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average board tenure
CEO
Allied Farmers has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 20.3yrs | no data | 0.037% NZ$4.7k | |
| Independent Chairman | 0yrs | no data | 1.75% NZ$218.9k | |
| Independent Director | 14.2yrs | no data | 0.27% NZ$33.4k | |
| Director | 4.3yrs | NZ$31.21k | no data | |
| Director | 1.3yrs | no data | no data |
9.3yrs
Average Tenure
Experienced Board: ALF's board of directors are considered experienced (9.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ALF insiders have only sold shares 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 2.8%.
Top Shareholders
Company Information
Allied Farmers Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Allied Farmers Limited
- Ticker: ALF
- Exchange: NZSE
- Founded: 1913
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: NZ$12.498m
- Shares outstanding: 17.85m
- Website: https://www.alliedfarmers.co.nz
Location
- Allied Farmers Limited
- 201 Broadway
- Stratford
- 4332
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALF | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | May 2002 |
Biography
Allied Farmers Limited, through its subsidiaries, provides rural services. The company engages in livestock trading; and procurement and processing of calves; as well as provision of livestock financing, asset management, and nominee services. It also provides online services through digital platform MyLivestock. The company was formerly known as The Farmers Co-operative Organisation Society of New Zealand Limited and changed its name to Allied Farmers Limited in 1996. Allied Farmers Limited was founded in 1913 and is based in Stratford, New Zealand.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/18 10:33 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.