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Agricultural Land Trust

ASX:AGJ
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGJ
ASX
A$6M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Agricultural Land Trust engages in the investment and rental of rural properties in Australia. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Agricultural Land Trust has significant price volatility in the past 3 months.
AGJ Share Price and Events
7 Day Returns
-7.7%
ASX:AGJ
0.1%
AU REITs
1.3%
AU Market
1 Year Returns
-
ASX:AGJ
20.5%
AU REITs
9.9%
AU Market
AGJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Agricultural Land Trust (AGJ) -7.7% 0% 39.5% - 25% -27.7%
AU REITs 0.1% 0.4% -2.8% 20.5% 23.4% 58.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • No trading data on AGJ.
  • No trading data on AGJ.
Price Volatility
AGJ
Industry
5yr Volatility vs Market

Value

 Is Agricultural Land Trust 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 Agricultural Land Trust 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 Agricultural Land Trust.

ASX:AGJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.2%
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:AGJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 30%) (2001.11%))
5.061
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (2 * 5.96%)
14.23%

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

The calculations below outline how an intrinsic value for Agricultural Land Trust 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:AGJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 14.23%)
2020 0.29 Est @ 56.66% 0.26
2021 0.41 Est @ 40.36% 0.32
2022 0.53 Est @ 28.94% 0.36
2023 0.64 Est @ 20.95% 0.38
2024 0.74 Est @ 15.36% 0.38
2025 0.83 Est @ 11.45% 0.37
2026 0.90 Est @ 8.71% 0.36
2027 0.96 Est @ 6.79% 0.33
2028 1.01 Est @ 5.45% 0.31
2029 1.06 Est @ 4.51% 0.28
Present value of next 10 years cash flows A$3.00
ASX:AGJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$1.06 × (1 + 2.31%) ÷ (14.23% – 2.31%)
A$9.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$9.10 ÷ (1 + 14.23%)10
A$2.41
ASX:AGJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$3.00 + A$2.41
A$5.41
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$5.41 / 97.51
A$0.06
ASX:AGJ Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.06
Current discount Discount to share price of A$0.06
= -1 x (A$0.06 - A$0.06) / A$0.06
-8.2%

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

  • The current share price of Agricultural Land Trust 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 Agricultural Land Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Agricultural Land Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AGJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.14
ASX:AGJ Share Price ** ASX (2019-10-09) in AUD A$0.06
Australia REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 15.7x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

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

** Primary Listing of Agricultural Land Trust.

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

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

= 0.06 ÷ 0.14

0.43x

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

  • Agricultural Land Trust is good value based on earnings compared to the AU REITs industry average.
  • Agricultural Land Trust is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Agricultural Land Trust's expected growth come at a high price?
Raw Data
ASX:AGJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-36.7%per year
Australia REITs Industry PEG Ratio Median Figure of 31 Publicly-Listed REITs Companies 1.2x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*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 Agricultural Land Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Agricultural Land Trust's assets?
Raw Data
ASX:AGJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.25
ASX:AGJ Share Price * ASX (2019-10-09) in AUD A$0.06
Australia REITs Industry PB Ratio Median Figure of 43 Publicly-Listed REITs Companies 1.11x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:AGJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.06 ÷ 0.25

0.24x

* Primary Listing of Agricultural Land Trust.

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

  • Agricultural Land Trust is good value based on assets compared to the AU REITs industry average.
X
Value checks
We assess Agricultural Land Trust'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 REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. Agricultural Land Trust has a total score of 3/6, 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 Agricultural Land Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Agricultural Land Trust, future earnings growth has been estimated based on fundamentals.
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
-36.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Agricultural Land Trust expected to grow at an attractive rate?
  • Agricultural Land Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Agricultural Land Trust's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare Agricultural Land Trust's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:AGJ Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AGJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -36.7%
Australia REITs Industry Earnings Growth Rate Market Cap Weighted Average 2.5%
Australia REITs Industry Revenue Growth Rate Market Cap Weighted Average -3.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:AGJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AGJ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 6 0 14
2019-03-31 4 0 7
2018-12-31 3 0 1
2018-09-30 2 -1 1
2018-06-30 2 -1 1
2018-03-31 1 -1 0
2017-12-31 1 -1 -1
2017-09-30 0 -1 -1
2017-06-30 0 -1 -1
2017-03-31 0 -1 0
2016-12-31 0 -1 1
2016-09-30 0 0 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Agricultural Land Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Agricultural Land Trust is high growth as no revenue estimate data is available.
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:AGJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Agricultural Land Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AGJ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.14
2019-03-31 0.08
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 0.00
2016-12-31 0.01
2016-09-30 0.01

*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.
  • Unable to establish if Agricultural Land Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Agricultural Land Trust'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.
Agricultural Land Trust has a total score of 0/6, 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 Agricultural Land Trust 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 Agricultural Land Trust's growth in the last year to its industry (REITs).
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.
  • Agricultural Land Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Agricultural Land Trust's 1-year earnings growth exceeds its 5-year average (2281.8% vs 42.9%)
  • Agricultural Land Trust's earnings growth has exceeded the AU REITs industry average in the past year (2281.8% vs -16.3%).
Earnings and Revenue History
Agricultural Land Trust'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 Agricultural Land Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AGJ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 5.65 13.74
2019-03-31 4.27 7.30 0.01
2018-12-31 2.88 0.86 0.01
2018-09-30 2.27 0.72 0.01
2018-06-30 1.66 0.58
2018-03-31 1.13 -0.26 0.00
2017-12-31 0.59 -1.10 0.00
2017-09-30 0.34 -1.27 0.00
2017-06-30 0.09 -1.44
2017-03-31 0.13 -0.45 0.00
2016-12-31 0.16 0.53 0.00
2016-09-30 0.13 1.01 0.00
2016-06-30 0.09 1.49
2016-03-31 0.06 0.57 -0.01
2015-12-31 0.03 -0.34 -0.02
2015-09-30 0.04 1.60 -0.01
2015-06-30 0.04 3.55
2015-03-31 1.30 2.52 0.01
2014-12-31 2.55 1.49 0.02
2014-09-30 7.54 -0.54 0.01
2014-06-30 12.53 -2.57
2014-03-31 13.76 -3.06 -0.01
2013-12-31 14.99 -3.54 -0.01
2013-09-30 12.25 -4.79 -0.01
2013-06-30 9.51 -6.04
2013-03-31 9.40 -8.32 0.00
2012-12-31 9.29 -10.60 0.00

*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.
  • Whilst Agricultural Land Trust made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Agricultural Land Trust used its assets more efficiently than the AU REITs industry average last year based on Return on Assets.
  • Agricultural Land Trust has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Agricultural Land Trust'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 REITs 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.
Agricultural Land Trust has a total score of 5/6, 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 Agricultural Land Trust'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 Agricultural Land Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Agricultural Land Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Agricultural Land Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Agricultural Land Trust'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 0.9x 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 Agricultural Land Trust Company Filings, last reported 3 months ago.

ASX:AGJ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 24.07 117.08 0.14
2019-03-31 24.07 117.08 0.14
2018-12-31 10.21 99.80 0.14
2018-09-30 10.21 99.80 0.14
2018-06-30 10.33 57.68 0.22
2018-03-31 10.33 57.68 0.22
2017-12-31 9.35 33.30 0.39
2017-09-30 9.35 33.30 0.39
2017-06-30 9.75 19.91 0.03
2017-03-31 9.75 19.91 0.03
2016-12-31 10.45 9.70 0.34
2016-09-30 10.45 9.70 0.34
2016-06-30 11.19 10.00 0.85
2016-03-31 11.19 10.00 0.85
2015-12-31 9.92 10.00 1.01
2015-09-30 9.92 10.00 1.01
2015-06-30 9.70 10.00 1.17
2015-03-31 9.70 10.00 1.17
2014-12-31 10.26 10.00 1.26
2014-09-30 10.26 10.00 1.26
2014-06-30 5.84 10.00 1.69
2014-03-31 5.84 10.00 1.69
2013-12-31 14.65 16.43 1.07
2013-09-30 14.65 16.43 1.07
2013-06-30 12.60 29.83 1.55
2013-03-31 12.60 29.83 1.55
2012-12-31 18.95 57.99 0.06
  • Agricultural Land Trust's level of debt (486.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (169.8% vs 486.3% today).
  • Debt is not well covered by operating cash flow (0.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Agricultural Land Trust'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. Agricultural Land Trust 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 Agricultural Land Trust'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 Agricultural Land Trust dividends.
If you bought A$2,000 of Agricultural Land Trust 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 Agricultural Land Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Agricultural Land Trust'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:AGJ 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 0 Analyst Estimates (S&P Global) See Below
Australia REITs Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
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:AGJ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2016-03-04 0.000 0.000
2015-10-09 0.000 0.000
2015-09-01 0.000 0.000
2014-08-08 0.005 6.084
2014-06-23 0.006 7.068
2013-06-21 0.028 31.483
2012-06-22 0.032 29.800
2012-02-27 0.000 0.000
2011-06-20 0.025 15.245
2011-02-24 0.019 11.072
2010-08-19 0.020 13.917
2009-12-18 0.021 14.782
2009-06-22 0.021 13.102
2009-04-01 0.028 15.472

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

  • Unable to perform a dividend volatility check as Agricultural Land Trust has not reported any payouts.
  • Unable to verify if Agricultural Land Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Agricultural Land Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Agricultural Land Trust 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 Agricultural Land Trust'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 Agricultural Land Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Agricultural Land Trust 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 Agricultural Land Trust'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.
  • Agricultural Land Trust has no CEO, or we have no data on them.
Management Team

Frank Tearle

TITLE
Chairman & Secretary of One Managed Investment Funds Limited
AGE
52
TENURE
5.3 yrs

Sarah Wiesener

TITLE
Secretary & Executive Director of One Managed Investment Funds Limited
Board of Directors

Frank Tearle

TITLE
Chairman & Secretary of One Managed Investment Funds Limited
AGE
52

Sarah Wiesener

TITLE
Secretary & Executive Director of One Managed Investment Funds Limited
TENURE
1 yrs

Justin Epstein

TITLE
Non-Executive Director of One Managed Investment Funds Limited
AGE
39
TENURE
5.3 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$) Value (A$)
16. Aug 19 Buy Westralia Property Holdings Pty Ltd Company 12. Aug 19 12. Aug 19 2,132,653 A$0.05 A$99,705
X
Management checks
We assess Agricultural Land Trust'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. Agricultural Land Trust 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

Investors Who Bought Agricultural Land Trust (ASX:AGJ) Shares Five Years Ago Are Now Down 56%

To wit, the Agricultural Land Trust (ASX:AGJ) share price managed to fall 56% over five long years. … Check out our latest analysis for Agricultural Land Trust There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. … You could get a better understanding of Agricultural Land Trust's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

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Who Are The Largest Shareholders In Agricultural Land Trust (ASX:AGJ)?

Check out our latest analysis for Agricultural Land Trust ASX:AGJ Ownership_summary May 24th 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Private Company Ownership Another group of owners that a potential investor in AGJ should consider are private companies, with a stake of 67.40%. … Thus, investors should dig deeper into AGJ's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

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Should You Have Agricultural Land Trust's (ASX:AGJ) In Your Portfolio?

AGJ's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … AGJ, with its market capitalisation of AU$4.29M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … However, this is the opposite to what AGJ’s actual beta value suggests, which is lower stock volatility relative to the market.

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Who Are The Largest Shareholders In Agricultural Land Trust (ASX:AGJ)?

In this article, I'm going to take a look at Agricultural Land Trust’s (ASX:AGJ) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for Agricultural Land Trust ASX:AGJ Ownership_summary Feb 20th 18 Insider Ownership Another important group of shareholders are company insiders. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses.

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Interested In Real Estate? Why Agricultural Land Trust (ASX:AGJ) May Be The Entry Point

Agricultural Land Trust (ASX:AGJ), a AUDA$6.44M small-cap, operates in the real estate industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … Below, I will examine the sector growth prospects, as well as evaluate whether Agricultural Land Trust is lagging or leading its competitors in the industry. … If your initial investment thesis is around the growth prospects of Agricultural Land Trust, there are other REIT companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

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Who Owns Most Of Agricultural Land Trust (ASX:AGJ)?

See our latest analysis for AGJ ASX:AGJ Ownership Summary Oct 30th 17 Institutional Ownership In AGJ's case, institutional ownership stands at 26.78%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Such level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … AGJ's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Company Info

Description

Agricultural Land Trust engages in the investment and rental of rural properties in Australia. The company is based in Adelaide, Australia.

Details
Name: Agricultural Land Trust
AGJ
Exchange: ASX
Founded:
A$5,850,602
97,510,036
Website: http://www.agricuiturallandtrust.com.au
Address: Agricultural Land Trust
20 Hunter Street,
Level 11,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AGJ Trust Units Australian Securities Exchange AU AUD 10. Apr 2003
Number of employees
Current staff
Staff numbers
0
Agricultural Land Trust employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:32
End of day share price update: 2019/10/09 00:00
Last earnings filing: 2019/09/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.