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How to buy Graincorp (GNC) shares in Australia

Learn how to easily invest in Graincorp shares.

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.

How to buy shares in Graincorp

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.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Graincorp.
    Find the share by name or ticker symbol: GNC. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Graincorp reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Graincorp. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Graincorp stock price (ASX:GNC)

Use our graph to track the performance of GNC stocks over time.

Graincorp shares at a glance

Information last updated 2024-05-16.
52-week range$6.5737 - $8.68
50-day moving average $8.222
200-day moving average $7.6335
Target price$8.62
PE ratio 7.3333
Dividend yield $0.28 (3.47%)
Earnings per share (TTM) $1.11

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Graincorp stock?

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.

Graincorp price performance over time

Historical closes compared with the last close of A$8.52

1 week (2024-05-09) 9.23%
1 month (2024-04-19) 2.90%
3 months (2024-02-19) 15.60%
6 months (2023-11-17) 8.26%
1 year (2023-05-19) 8.12%
2 years (2022-05-19) -14.63%
3 years (2021-05-19) 69.38%
5 years (2019-05-17) 8.26%

Is Graincorp under- or over-valued?

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 P/E ratio

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 7x. In other words, Graincorp shares trade at around 7x 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 PEG ratio

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

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.

Graincorp financials

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 $1.8 billion

TTM: trailing 12 months

Graincorp share dividends

25%

Dividend payout ratio: 25.23% of net profits

Recently Graincorp has paid out, on average, around 25.23% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.47% 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 3.47% 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").

Have Graincorp's shares ever split?

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.

Graincorp share price volatility

Over the last 12 months, Graincorp's shares have ranged in value from as little as $6.5737 up to $8.68. A popular way to gauge a stock's volatility is its "beta".

GNC.AU volatility(beta: 1.05)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Graincorp's is 1.052. 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 overview

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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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