GRAINCORP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.32 AUD | +0.60% |
|
-0.36% | +14.13% |
| May. 27 | Ord Minnet Starts GrainCorp at Buy With AU$9.80 Price Target | MT |
| May. 16 | Transcript : GrainCorp Limited, H1 2024 Earnings Call, May 16, 2024 |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,807 | 865.1 | 1,451 | 1,741 | 1,574 | 1,861 | - | - |
| Enterprise Value (EV) 1 | 2,943 | 1,336 | 2,292 | 2,524 | 1,946 | 2,191 | 2,101 | 1,982 |
| P/E ratio | -16 x | 2.53 x | 10.4 x | 4.68 x | 6.36 x | 27.3 x | 18.7 x | 16.8 x |
| Yield | - | 1.85% | 1.58% | 6.92% | 7.65% | 4.71% | 3.75% | 4.03% |
| Capitalization / Revenue | 0.37 x | 0.2 x | 0.26 x | 0.22 x | 0.19 x | 0.29 x | 0.29 x | 0.29 x |
| EV / Revenue | 0.61 x | 0.31 x | 0.42 x | 0.32 x | 0.24 x | 0.34 x | 0.33 x | 0.31 x |
| EV / EBITDA | 43 x | 12.4 x | 6.92 x | 3.59 x | 3.44 x | 8.14 x | 7.06 x | 6.45 x |
| EV / FCF | -12.6 x | -28.4 x | 19 x | 6.95 x | 3.82 x | 5.32 x | 7.43 x | 13.7 x |
| FCF Yield | -7.93% | -3.53% | 5.27% | 14.4% | 26.2% | 18.8% | 13.5% | 7.28% |
| Price to Book | 0.99 x | 0.79 x | 1.2 x | 1.2 x | 0.99 x | 1.22 x | 1.2 x | 1.17 x |
| Nbr of stocks (in thousands) | 228,472 | 228,854 | 228,856 | 223,151 | 222,883 | 223,622 | - | - |
| Reference price 2 | 7.910 | 3.780 | 6.340 | 7.800 | 7.060 | 8.320 | 8.320 | 8.320 |
| Announcement Date | 11/13/19 | 11/11/20 | 11/10/21 | 11/15/22 | 11/15/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,850 | 4,287 | 5,492 | 7,868 | 8,229 | 6,377 | 6,384 | 6,308 |
| EBITDA 1 | 68.5 | 108.1 | 331 | 703.4 | 565.3 | 269 | 297.8 | 307.3 |
| EBIT 1 | -73.9 | 44.2 | 223.7 | 586.1 | 429.2 | 148.9 | 179.7 | 189.3 |
| Operating Margin | -1.52% | 1.03% | 4.07% | 7.45% | 5.22% | 2.33% | 2.82% | 3% |
| Earnings before Tax (EBT) 1 | -166.6 | 46.7 | 197.8 | 550.1 | 370.7 | 101.2 | 148.3 | 165.9 |
| Net income 1 | -113 | 343 | 139.3 | 380.4 | 249.7 | 65.17 | 98.62 | 109.7 |
| Net margin | -2.33% | 8% | 2.54% | 4.83% | 3.03% | 1.02% | 1.54% | 1.74% |
| EPS 2 | -0.4940 | 1.494 | 0.6070 | 1.666 | 1.110 | 0.3047 | 0.4458 | 0.4960 |
| Free Cash Flow 1 | -233.3 | -47.1 | 120.9 | 362.9 | 509 | 412 | 282.8 | 144.2 |
| FCF margin | -4.81% | -1.1% | 2.2% | 4.61% | 6.19% | 6.46% | 4.43% | 2.29% |
| FCF Conversion (EBITDA) | - | - | 36.53% | 51.59% | 90.04% | 153.15% | 94.96% | 46.94% |
| FCF Conversion (Net income) | - | - | 86.79% | 95.4% | 203.84% | 632.18% | 286.76% | 131.47% |
| Dividend per Share 2 | - | 0.0700 | 0.1000 | 0.5400 | 0.5400 | 0.3916 | 0.3120 | 0.3356 |
| Announcement Date | 11/13/19 | 11/11/20 | 11/10/21 | 11/15/22 | 11/15/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,959 | 2,328 | 2,563 | 3,842 | 4,026 | 4,540 | 3,689 | 3,732 |
| EBITDA 1 | 105.1 | - | 140.1 | 426.5 | 276.9 | 383.2 | 182.1 | 101.1 |
| EBIT 1 | 49.9 | - | 87.5 | 369.8 | 216.3 | 325.8 | 103.4 | 43.7 |
| Operating Margin | 2.55% | - | 3.41% | 9.62% | 5.37% | 7.18% | 2.8% | 1.17% |
| Earnings before Tax (EBT) | - | - | 74.4 | 354.7 | - | - | 78 | - |
| Net income | - | - | 50.5 | 246 | 134.4 | 200.3 | 49.4 | - |
| Net margin | - | - | 1.97% | 6.4% | 3.34% | 4.41% | 1.34% | - |
| EPS | - | - | - | 1.071 | 0.5950 | 0.8920 | 0.2180 | - |
| Dividend per Share | - | - | - | 0.2400 | 0.3000 | 0.2400 | 0.3000 | - |
| Announcement Date | 5/13/20 | 11/11/20 | 5/12/21 | 5/10/22 | 11/15/22 | 5/10/23 | 11/15/23 | - |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,136 | 471 | 841 | 783 | 373 | 330 | 241 | 122 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 16.59 x | 4.357 x | 2.541 x | 1.113 x | 0.6589 x | 1.227 x | 0.8077 x | 0.3964 x |
| Free Cash Flow 1 | -233 | -47.1 | 121 | 363 | 509 | 412 | 283 | 144 |
| ROE (net income / shareholders' equity) | -4.4% | 0.9% | 12% | 27% | 15.8% | 4.65% | 6.34% | 6.96% |
| ROA (Net income/ Total Assets) | -2.08% | 0.44% | 5.93% | 12.6% | 7.38% | 2.8% | 4.2% | 4.23% |
| Assets 1 | 5,429 | 77,602 | 2,350 | 3,021 | 3,382 | 2,328 | 2,348 | 2,591 |
| Book Value Per Share 2 | 8.020 | 4.790 | 5.270 | 6.520 | 7.100 | 6.840 | 6.950 | 7.100 |
| Cash Flow per Share 2 | -0.6000 | 0.1300 | 0.7600 | 1.940 | 2.560 | 0.6000 | 1.510 | 0.8500 |
| Capex 1 | 97.1 | 77.7 | 54.6 | 80.8 | 66.3 | 57.2 | 65.3 | 58.9 |
| Capex / Sales | 2% | 1.81% | 0.99% | 1.03% | 0.81% | 0.9% | 1.02% | 0.93% |
| Announcement Date | 11/13/19 | 11/11/20 | 11/10/21 | 11/15/22 | 11/15/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
8.32
AUD
Average target price
9.104
AUD
Spread / Average Target
+9.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.13% | 1.24B | |
| -2.00% | 277B | |
| -5.38% | 91.92B | |
| -4.35% | 42.95B | |
| +0.75% | 41.25B | |
| +6.11% | 40.01B | |
| +5.54% | 38.81B | |
| -13.54% | 30.87B | |
| -11.43% | 27.21B | |
| +7.73% | 24.19B |
- Stock Market
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- Financials GrainCorp Limited
