Livestock Improvement Corporation Limited, together with its subsidiaries, develops, produces, and markets artificial breeding, genetics, farm software, farm automation, and herd testing services.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.22|
|52 Week High||NZ$0.78|
|52 Week Low||NZ$1.35|
|1 Month Change||0%|
|3 Month Change||-9.63%|
|1 Year Change||56.41%|
|3 Year Change||69.44%|
|5 Year Change||84.15%|
|Change since IPO||212.82%|
Recent News & Updates
Livestock Improvement (NZSE:LIC) Has Announced That Its Dividend Will Be Reduced To NZ$0.13
Livestock Improvement Corporation Limited ( NZSE:LIC ) is reducing its dividend to NZ$0.13 on the 20th of Augustwhich...
A Look At The Intrinsic Value Of Livestock Improvement Corporation Limited (NZSE:LIC)
In this article we are going to estimate the intrinsic value of Livestock Improvement Corporation Limited ( NZSE:LIC...
Livestock Improvement (NZSE:LIC) Has Compensated Shareholders With A Respectable 92% Return On Their Investment
One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...
|LIC||NZ Food||NZ Market|
Return vs Industry: LIC exceeded the NZ Food industry which returned -37.8% over the past year.
Return vs Market: LIC exceeded the NZ Market which returned 2.1% over the past year.
Stable Share Price: LIC is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: Insufficient data to determine LIC's volatility change over the past year.
About the Company
Livestock Improvement Corporation Limited, together with its subsidiaries, develops, produces, and markets artificial breeding, genetics, farm software, farm automation, and herd testing services. The company operates in four segments: NZ Market Genetics, Herd Testing, Farm Software, and Farm Automation. The NZ Market Genetics segment provides bovine genetic breeding materials, and related services to dairy farmers.
Livestock Improvement Fundamentals Summary
|LIC fundamental statistics|
Is LIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LIC income statement (TTM)|
|Cost of Revenue||NZ$144.37m|
Last Reported Earnings
May 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.17|
|Net Profit Margin||9.48%|
How did LIC perform over the long term?See historical performance and comparison
10.3%Current Dividend Yield
Is Livestock Improvement undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LIC (NZ$1.22) is trading below our estimate of fair value (NZ$1.7)
Significantly Below Fair Value: LIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LIC is good value based on its PE Ratio (7.4x) compared to the NZ Food industry average (14.5x).
PE vs Market: LIC is good value based on its PE Ratio (7.4x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LIC is good value based on its PB Ratio (0.6x) compared to the NZ Food industry average (1.1x).
How is Livestock Improvement forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Livestock Improvement 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.
How has Livestock Improvement performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LIC has high quality earnings.
Growing Profit Margin: LIC's current net profit margins (9.5%) are higher than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: LIC has become profitable over the past 5 years, growing earnings by 25.2% per year.
Accelerating Growth: LIC's earnings growth over the past year (12.1%) is below its 5-year average (25.2% per year).
Earnings vs Industry: LIC earnings growth over the past year (12.1%) exceeded the Food industry 2.9%.
Return on Equity
High ROE: LIC's Return on Equity (8%) is considered low.
How is Livestock Improvement's financial position?
Financial Position Analysis
Short Term Liabilities: LIC's short term assets (NZ$113.5M) exceed its short term liabilities (NZ$33.4M).
Long Term Liabilities: LIC's short term assets (NZ$113.5M) exceed its long term liabilities (NZ$54.5M).
Debt to Equity History and Analysis
Debt Level: LIC is debt free.
Reducing Debt: LIC has no debt compared to 5 years ago when its debt to equity ratio was 23.5%.
Debt Coverage: LIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LIC has no debt, therefore coverage of interest payments is not a concern.
What is Livestock Improvement current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LIC's dividend (10.25%) is higher than the bottom 25% of dividend payers in the NZ market (2.41%).
High Dividend: LIC's dividend (10.25%) is in the top 25% of dividend payers in the NZ market (4.9%)
Stability and Growth of Payments
Stable Dividend: LIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: LIC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76%), LIC's payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Wayne McNee has been the Chief Executive Officer at Livestock Improvement Corporation Limited since July 2013. Mr. McNee was Director-General for the Ministry for Primary Industries (MPI) since Novembe...
Experienced Management: LIC's management team is considered experienced (4.4 years average tenure).
Experienced Board: LIC's board of directors are considered experienced (4.2 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.
Livestock Improvement Corporation Limited's employee growth, exchange listings and data sources
- Name: Livestock Improvement Corporation Limited
- Ticker: LIC
- Exchange: NZSE
- Founded: 1909
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: NZ$173.661m
- Shares outstanding: 142.34m
- Website: https://www.lic.co.nz
- Livestock Improvement Corporation Limited
- 605 Ruakura Road
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 06:01|
|End of Day Share Price||2021/10/18 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.