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Australian Agricultural

ASX:AAC
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAC
ASX
A$711M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Australian Agricultural Company Limited produces and sells cattle and beef in Australia. The last earnings update was 94 days ago. More info.


Add to Portfolio Compare Print
AAC Share Price and Events
7 Day Returns
-8.5%
ASX:AAC
-0.9%
AU Food
0%
AU Market
1 Year Returns
31.1%
ASX:AAC
-3.2%
AU Food
14.6%
AU Market
AAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Australian Agricultural (AAC) -8.5% 6.8% 7.3% 31.1% -18.1% -26.3%
AU Food -0.9% -0.5% 3.2% -3.2% 4.9% 20.7%
AU Market 0% -0.4% 5.7% 14.6% 20.2% 17.1%
1 Year Return vs Industry and Market
  • AAC outperformed the Food industry which returned -3.2% over the past year.
  • AAC outperformed the Market in Australia which returned 14.6% over the past year.
Price Volatility
AAC
Industry
5yr Volatility vs Market

Value

 Is Australian Agricultural 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 Australian Agricultural 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 Australian Agricultural.

ASX:AAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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:AAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.547 (1 + (1- 30%) (58.54%))
0.846
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.846 * 5.44%)
5.68%

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

The calculations below outline how an intrinsic value for Australian Agricultural 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:AAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.68%)
2020 17.80 Analyst x1 16.84
2021 12.90 Analyst x1 11.55
2022 9.00 Analyst x1 7.62
2023 6.96 Est @ -22.63% 5.58
2024 5.88 Est @ -15.51% 4.46
2025 5.26 Est @ -10.54% 3.78
2026 4.89 Est @ -7.05% 3.32
2027 4.67 Est @ -4.61% 3.00
2028 4.53 Est @ -2.9% 2.75
2029 4.45 Est @ -1.71% 2.56
Present value of next 10 years cash flows A$61.00
ASX:AAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$4.45 × (1 + 1.08%) ÷ (5.68% – 1.08%)
A$97.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$97.77 ÷ (1 + 5.68%)10
A$56.25
ASX:AAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$61.00 + A$56.25
A$117.25
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$117.25 / 602.77
A$0.19
ASX:AAC Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.19
Current discount Discount to share price of A$1.18
= -1 x (A$1.18 - A$0.19) / A$0.19
-506.6%

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

  • The current share price of Australian Agricultural 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 Australian Agricultural's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Australian Agricultural's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in AUD A$-0.16
ASX:AAC Share Price ** ASX (2020-02-21) in AUD A$1.18
Australia Food Industry PE Ratio Median Figure of 17 Publicly-Listed Food Companies 20.2x
Australia Market PE Ratio Median Figure of 528 Publicly-Listed Companies 18.75x

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

** Primary Listing of Australian Agricultural.

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

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

= 1.18 ÷ -0.16

-7.44x

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

  • Australian Agricultural is loss making, we can't compare its value to the AU Food industry average.
  • Australian Agricultural is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Australian Agricultural's expected growth come at a high price?
Raw Data
ASX:AAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
109.5%per year
Australia Food Industry PEG Ratio Median Figure of 9 Publicly-Listed Food Companies 1.97x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.64x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Australian Agricultural, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Australian Agricultural's assets?
Raw Data
ASX:AAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in AUD A$1.40
ASX:AAC Share Price * ASX (2020-02-21) in AUD A$1.18
Australia Food Industry PB Ratio Median Figure of 40 Publicly-Listed Food Companies 1.22x
Australia Market PB Ratio Median Figure of 1,601 Publicly-Listed Companies 1.71x
ASX:AAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.18 ÷ 1.40

0.84x

* Primary Listing of Australian Agricultural.

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

  • Australian Agricultural is good value based on assets compared to the AU Food industry average.
X
Value checks
We assess Australian Agricultural'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Australian Agricultural 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 Australian Agricultural expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
109.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Australian Agricultural expected to grow at an attractive rate?
  • Australian Agricultural's earnings growth is expected to exceed the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Australian Agricultural's earnings growth is expected to exceed the Australia market average.
  • Australian Agricultural's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AAC Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 109.5%
ASX:AAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -5.5%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 43%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 10.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:AAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AAC Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 289 28 17 1
2021-03-31 281 32 21 1
2020-03-31 312 44 -9 1
2020-02-22
ASX:AAC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-09-30 328 -6 -94
2019-06-30 346 4 -121
2019-03-31 364 13 -148
2018-12-31 383 25 -141
2018-09-30 402 37 -133
2018-06-30 391 -1 -118
2018-03-31 380 -40 -103
2017-12-31 405 -12 -58
2017-09-30 430 16 -14
2017-06-30 438 23 29
2017-03-31 447 29 72
2016-12-31 445 10 69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Australian Agricultural's earnings are expected to grow significantly at over 20% yearly.
  • Australian Agricultural's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:AAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Australian Agricultural Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AAC Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.03 0.03 0.03 1.00
2021-03-31 0.02 0.02 0.02 1.00
2020-03-31 -0.03 -0.03 -0.03 1.00
2020-02-22
ASX:AAC Past Financials Data
Date (Data in AUD Millions) EPS *
2019-09-30 -0.16
2019-06-30 -0.20
2019-03-31 -0.25
2018-12-31 -0.24
2018-09-30 -0.22
2018-06-30 -0.20
2018-03-31 -0.17
2017-12-31 -0.10
2017-09-30 -0.02
2017-06-30 0.05
2017-03-31 0.13
2016-12-31 0.13

*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.
  • Australian Agricultural is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Australian Agricultural'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 Australia 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.
Australian Agricultural has a total score of 3/6, 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 Australian Agricultural 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 Australian Agricultural's growth in the last year to its industry (Food).
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.
  • Australian Agricultural does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Australian Agricultural's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Australian Agricultural's 1-year growth to the AU Food industry average as it is not currently profitable.
Earnings and Revenue History
Australian Agricultural'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 Australian Agricultural Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AAC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 327.63 -94.12 89.10
2019-06-30 345.86 -121.26 94.52
2019-03-31 364.08 -148.40 99.95
2018-12-31 382.86 -140.84 107.68
2018-09-30 401.65 -133.29 110.97
2018-06-30 390.66 -117.92 106.14
2018-03-31 379.68 -102.56 101.31
2017-12-31 404.77 -58.26 93.84
2017-09-30 429.86 -13.96 86.37
2017-06-30 438.29 28.81 85.47
2017-03-31 446.73 71.59 84.58
2016-12-31 444.76 68.72 85.17
2016-09-30 442.79 65.86 85.77
2016-06-30 466.07 66.83 86.26
2016-03-31 489.36 67.81 86.75
2015-12-31 468.60 70.42 86.90
2015-09-30 447.84 73.04 87.05
2015-06-30 393.00 41.33 82.88
2015-03-31 338.17 9.62 78.71
2014-12-31 319.67 -6.12 70.82
2014-09-30 301.17 -21.87 62.92
2014-06-30 309.00 -30.88 61.89
2014-03-31 316.84 -39.90 60.86
2013-12-31 302.02 -82.24 66.45
2013-09-30 281.26 -93.67 37.38
2013-06-30 312.35 -87.19 36.02
2013-03-31 343.44 -80.71 34.66

*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.
  • It is difficult to establish if Australian Agricultural has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Australian Agricultural has efficiently used its assets last year compared to the AU Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Australian Agricultural improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Australian Agricultural'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 Food 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.
Australian Agricultural has a total score of 0/6, 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 Australian Agricultural'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 Australian Agricultural's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Australian Agricultural is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Australian Agricultural's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Australian Agricultural'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 not covered by short term assets, assets are 0.7x 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 Australian Agricultural Company Filings, last reported 4 months ago.

ASX:AAC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 827.43 377.91 8.99
2019-06-30 827.43 377.91 8.99
2019-03-31 843.66 368.52 7.57
2018-12-31 843.66 368.52 7.57
2018-09-30 905.21 330.87 6.01
2018-06-30 905.21 330.87 6.01
2018-03-31 977.52 349.17 11.22
2017-12-31 977.52 349.17 11.22
2017-09-30 1,006.21 356.56 6.09
2017-06-30 1,006.21 356.56 6.09
2017-03-31 1,017.74 365.40 42.53
2016-12-31 1,017.74 365.40 42.53
2016-09-30 933.60 409.99 11.34
2016-06-30 933.60 409.99 11.34
2016-03-31 886.14 368.32 14.66
2015-12-31 886.14 368.32 14.66
2015-09-30 812.85 384.85 14.61
2015-06-30 812.85 384.85 14.61
2015-03-31 762.30 370.26 12.29
2014-12-31 762.30 370.26 12.29
2014-09-30 731.51 327.30 11.64
2014-06-30 731.51 327.30 11.64
2014-03-31 747.78 274.19 69.19
2013-12-31 747.78 274.19 69.19
2013-09-30 652.45 326.68 27.21
2013-06-30 652.45 326.68 27.21
2013-03-31 595.42 415.19 11.25
  • Australian Agricultural's level of debt (45.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.8% vs 45.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Australian Agricultural has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Australian Agricultural has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Australian Agricultural'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. Australian Agricultural has a total score of 1/6, 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 Australian Agricultural'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
0%
Current annual income from Australian Agricultural dividends.
If you bought A$2,000 of Australian Agricultural shares you are expected to receive A$0 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?
  • Unable to evaluate Australian Agricultural's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Australian Agricultural's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:AAC 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 1 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 3.9%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.3%
Australia Bottom 25% Dividend Yield 25th Percentile 2.3%
Australia Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

ASX:AAC Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31
2020-03-31
2020-02-22
ASX:AAC Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2009-08-10 0.000 0.000
2009-06-30 0.000 0.000

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

  • Unable to perform a dividend volatility check as Australian Agricultural has not reported any payouts.
  • Unable to verify if Australian Agricultural's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Australian Agricultural's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Australian Agricultural has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Australian Agricultural's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Australian Agricultural afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Australian Agricultural has a total score of 0/6, 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 Australian Agricultural'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
Hugh Killen
COMPENSATION A$811,481
TENURE AS CEO 2 years
CEO Bio

Mr. Hugh Killen, GMP (Harvard Business School) is Managing Director, Chief Executive Officer and Director of Australian Agricultural Company Limited since February 1, 2018. Mr. Killen is a highly experienced senior executive with over 25 years’ experience in global financial markets and has worked in London, New York and Sydney. He held the position of Chief Commercial Officer in a consulting capacity assisting AACo’s operations and finance functions. Before joining AACo, he was the Head/Managing Director of Fixed Income, Currency and Commodities for Westpac Banking Corporation. For the last 15 years, he has been running large, complex and globally dispersed businesses. He led Westpac’s Fixed Income, Currency and Commodities business being directly accountable for designing and executing strategy, significant P&L responsibility and managing teams in 6 countries. As a senior executive, he has exposure to driving business model and cultural transformation and leading significant technology programs moving business models into highly efficient digital enabled businesses. As Head of Westpac Banking Corporation’s North American business during the GFC, he built on his already extensive skills and networks. He has also served as a board member of the Association for Financial Markets Global Foreign Exchange Division. He has represented Australia internationally as the RBA appointed member of the BIS Working Group developing the Global Code of Conduct for foreign exchange markets. He is a Member of the Australian Institute of Company Directors. He has a lifelong association with agriculture having being raised on pastoral properties in northern NSW and south-west Queensland, and has retained strong personal involvement in the industry through private investments in farming. He is an alumnus of The King’s School, Sydney Australia and Harvard Business School, Cambridge MA.

CEO Compensation
  • Hugh's compensation has increased whilst company is loss making.
  • Hugh's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Australian Agricultural management team in years:

1.8
Average Tenure
  • The average tenure for the Australian Agricultural management team is less than 2 years, this suggests a new team.
Management Team

Hugh Killen

TITLE
MD, CEO & Director
COMPENSATION
A$811K
TENURE
2 yrs

Nigel Simonsz

TITLE
Chief Financial Officer
COMPENSATION
A$621K
TENURE
1.5 yrs

Anna Speer

TITLE
Chief Operating Officer
COMPENSATION
A$481K
TENURE
1.6 yrs

Bruce Bennett

TITLE
General Counsel & Company Secretary
COMPENSATION
A$472K
TENURE
13.3 yrs

S. Grant

TITLE
Head of People & Culture
COMPENSATION
A$459K
TENURE
2.4 yrs

Andrew O’Brien

TITLE
Chief Commercial Officer
COMPENSATION
A$508K
TENURE
1.2 yrs

Aaron Wakeley

TITLE
Head of Corporate Affairs and Communications
Board of Directors Tenure

Average tenure and age of the Australian Agricultural board of directors in years:

5.4
Average Tenure
56.5
Average Age
  • The tenure for the Australian Agricultural board of directors is about average.
Board of Directors

Donald McGauchie

TITLE
Non-Executive Chairman
COMPENSATION
A$274K
AGE
69
TENURE
9.5 yrs

Hugh Killen

TITLE
MD, CEO & Director
COMPENSATION
A$811K
TENURE
2 yrs

Tom Keene

TITLE
Independent Non Executive Director
COMPENSATION
A$153K
TENURE
8.3 yrs

Stuart Black

TITLE
Independent Non Executive Director
COMPENSATION
A$137K
TENURE
8.3 yrs

Shehan Dissanayake

TITLE
Director
COMPENSATION
A$240K
TENURE
7.8 yrs

Anthony Abraham

TITLE
Independent Non-Executive Director
COMPENSATION
A$110K
AGE
56
TENURE
5.4 yrs

Neil Reisman

TITLE
Non-Executive Director
COMPENSATION
A$115K
AGE
57
TENURE
3.8 yrs

Jessica Rudd

TITLE
Independent Non-Executive Director
COMPENSATION
A$110K
TENURE
2.3 yrs

Marc Blazer

TITLE
Director
AGE
50
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
15. Nov 19 Sell Schroder Investment Management Limited Company 03. Aug 19 15. Nov 19 -514,046 A$1.02 A$-523,644
15. Nov 19 Buy Schroder Investment Management Limited Company 15. Nov 19 15. Nov 19 327,554 A$1.02 A$333,503
30. Oct 19 Buy Bryan Glinton Individual 04. Oct 19 29. Oct 19 6,968,126 A$1.00 A$6,892,976
04. Oct 19 Buy Bryan Glinton Individual 07. Aug 19 02. Oct 19 6,303,398 A$1.03 A$6,492,499
07. Aug 19 Buy Bryan Glinton Individual 14. Dec 18 06. Aug 19 6,090,472 A$1.18 A$7,093,941
02. Aug 19 Buy Schroder Investment Management Limited Company 01. Apr 19 02. Aug 19 1,764,489 A$1.05 A$1,852,391
X
Management checks
We assess Australian Agricultural'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. Australian Agricultural 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

Are Insiders Buying Australian Agricultural Company Limited (ASX:AAC) Stock?

See our latest analysis for Australian Agricultural Australian Agricultural Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when insider Bryan Glinton bought AU$16m worth of shares at a price of AU$1.19 per share. … ASX:AAC Recent Insider Trading, August 6th 2019 Insider Ownership of Australian Agricultural For a common shareholder, it is worth checking how many shares are held by company insiders. … Judging from their transactions, and high insider ownership, Australian Agricultural insiders feel good about the company's future.

Simply Wall St -

Those Who Purchased Australian Agricultural (ASX:AAC) Shares Three Years Ago Have A 44% Loss To Show For It

Unfortunately, that's been the case for longer term Australian Agricultural Company Limited (ASX:AAC) shareholders, since the share price is down 44% in the last three years, falling well short of the market return of around 46%. … Check out our latest analysis for Australian Agricultural Given that Australian Agricultural didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … A Different Perspective Investors in Australian Agricultural had a tough year, with a total loss of 16%, against a market gain of about 12%.

Simply Wall St -

Is Australian Agricultural Company Limited's (ASX:AAC) Balance Sheet Strong Enough To Weather A Storm?

AAC’s Debt (And Cash Flows) AAC's debt level has been constant at around AU$373m over the previous year – this includes long-term debt. … Looking at AAC’s AU$43m in current liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 5.37x. … Next Steps: Although AAC’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

What Percentage Of Australian Agricultural Company Limited (ASX:AAC) Shares Do Insiders Own?

A look at the shareholders of Australian Agricultural Company Limited (ASX:AAC) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Australian Agricultural is not a large company by global standards.

Simply Wall St -

Need To Know: Australian Agricultural Company Limited (ASX:AAC) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in Australian Agricultural Company Limited (ASX:AAC). … The Last 12 Months Of Insider Transactions At Australian Agricultural. … In the last twelve months insiders paid AU$16m for 14.33m shares purchased

Simply Wall St -

Introducing Australian Agricultural, The Stock That Dropped 27% In The Last Five Years

At this point some shareholders may be questioning their investment in Australian Agricultural Company Limited (ASX:AAC), since the last five years saw the share price fall 27%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

Could The Australian Agricultural Company Limited (ASX:AAC) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Australian Agricultural Company Limited (ASX:AAC), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … View our latest analysis for Australian Agricultural

Simply Wall St -

Australian Agricultural Company Limited (ASX:AAC): Time For A Financial Health Check

While small-cap stocks, such as Australian Agricultural Company Limited (ASX:AAC) with its market cap of AU$723m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

What Kind Of Shareholder Appears On The Australian Agricultural Company Limited's (ASX:AAC) Shareholder Register?

A look at the shareholders of Australian Agricultural Company Limited (ASX:AAC) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Australian Agricultural is not a large company by global standards.

Simply Wall St -

What Investors Should Know About Australian Agricultural Company Limited's (ASX:AAC) Financial Strength

Investors are always looking for growth in small-cap stocks like Australian Agricultural Company Limited (ASX:AAC), with a market cap of AU$783.60m. … the current state of its operations and pathway to profitability.

Simply Wall St -

Company Info

Description

Australian Agricultural Company Limited produces and sells cattle and beef in Australia. The company engages in owning, operating, and developing pastoral properties; producing beef, including breeding, backgrounding, feedlotting, and processing cattle; and the production of grass fed beef, grain fed beef, and Wagyu beef. It provides its products under the Wylarah, Westholme, Master Kobe, Kobe Cuisine, and Darling Downs Wagyu brands. The company operates an integrated cattle production system across 19 owned cattle stations, 2 leased stations, 5 agisted properties, 2 owned feedlots, and 2 owned farms covering an area of approximately 6.4 million hectares of land in Queensland and the Northern Territory. It also exports its products. The company was founded in 1824 and is based in Brisbane, Australia.

Details
Name: Australian Agricultural Company Limited
AAC
Exchange: ASX
Founded: 1824
A$711,264,761
602,766,747
Website: http://www.aaco.com.au
Address: Australian Agricultural Company Limited
GPO Box 587,
Brisbane,
Queensland, 4001,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AAC Ordinary Shares Australian Securities Exchange AU AUD 10. Aug 2001
OTCPK ASAG.F Ordinary Shares Pink Sheets LLC US USD 10. Aug 2001
DB AY5 Ordinary Shares Deutsche Boerse AG DE EUR 10. Aug 2001
CHIA AAC Ordinary Shares Chi-X Australia AU AUD 10. Aug 2001
Number of employees
Current staff
Staff numbers
424
Australian Agricultural employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/22 10:34
End of day share price update: 2020/02/21 00:00
Last estimates confirmation: 2020/02/07
Last earnings filing: 2019/11/20
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.