Graincorp is a farm products business based in Australia. Graincorp shares (GNC) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Graincorp has a trailing 12-month revenue of around $8.2 billion. If you're looking to buy shares, check out the steps below.
To buy shares listed in Australia such as Graincorp, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.
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| 52-week range | $6.5303 - $8.68 |
|---|---|
| 50-day moving average | $8.0144 |
| 200-day moving average | $7.6114 |
| Target price | $8.7 |
| PE ratio | 7.5495 |
| Dividend yield | $0.28 (3.34%) |
| Earnings per share (TTM) | $1.11 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$8.38
| 1 week (2024-04-11) | -1.06% |
|---|---|
| 1 month (2024-03-18) | 3.97% |
| 3 months (2024-01-18) | 12.33% |
| 6 months (2023-10-18) | 18.03% |
| 1 year (2023-04-18) | 21.45% |
|---|---|
| 2 years (2022-04-14) | -14.05% |
| 3 years (2021-04-16) | 58.71% |
| 5 years (2019-04-18) | -8.91% |
Valuing Graincorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Graincorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Graincorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Graincorp shares trade at around 8x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Graincorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.36. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Graincorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Graincorp's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $266.7 million (£0.0 million).
The EBITDA is a measure of a Graincorp's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $8.2 billion |
|---|---|
| Operating margin TTM | 2.37% |
| Gross profit TTM | $1.6 billion |
| Return on assets TTM | 3.51% |
| Return on equity TTM | 16.4% |
| Profit margin | 3.03% |
| Book value | 7.099 |
| Market capitalisation | $1.9 billion |
TTM: trailing 12 months
Dividend payout ratio: 29.21% of net profits
Recently Graincorp has paid out, on average, around 29.21% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.34% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Graincorp shareholders could enjoy a 3.34% return on their shares, in the form of dividend payments. In Graincorp's case, that would currently equate to about A$0.28 per share.
While Graincorp's payout ratio might seem fairly standard, it's worth remembering that Graincorp may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 28 November 2023 (the "ex-dividend date").
Graincorp's shares were split on a 1.183:1 basis on 7 October 2009. So if you had owned 1 share the day before the split, the next day you would own 1.183 shares. This wouldn't directly have changed the overall worth of your Graincorp shares – just the quantity. However, indirectly, the new 15.5% lower share price could have impacted the market appetite for Graincorp shares which in turn could have impacted Graincorp's share price.
Over the last 12 months, Graincorp's shares have ranged in value from as little as $6.5303 up to $8.68. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Graincorp's is 1.067. This would suggest that Graincorp's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly higher risk (but potentially also market-beating returns).
GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, animal fats, and used cooking oils and vegetable oils for animal feed purposes; handles, processes, and stores grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils. It also supplies vegetable oil and molasses-based feed supplements to enhance farm productivity; and produces canola oil and canola meal. In addition, the company provides blended and single oils, infant nutrition, bakery products, margarines, spreads, and frying shortening; crushes oilseed products used in cooking oils, spreads and shortenings, prepared foods, meal for dairy, poultry and livestock, cosmetics, and lubricants; and operates bulk port terminals. Further, it engages in the procurement, shipping, accreditation, and value-added supply of tallow and used cooking oil. GrainCorp Limited was founded in 1916 and is headquartered in Barangaroo, Australia.
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