Professional
Added to YB: 2026-03-24
Pitch date: 2026-03-20
SGLLV.AX [neutral]
Ricegrowers Limited
-2.62%
current return
Author Info
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Company Info
Ricegrowers Limited operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.
Market Cap
AUD 868.2M
Pitch Price
AUD 13.00
Price Target
18.20 (+44%)
Dividend
5.49%
EV/EBITDA
6.88
P/E
11.73
EV/Sales
0.58
Sector
Food Products
Category
value
SunRice (Ricegrowers ASX:SGLLV) - A discount to peers opens
SGLLV.AX (update): FY26 EBITDA trimmed 3% on higher Mideast shipping costs & AUD translation, offset by market mix focus. DCF PT $18.20 (from $19.10) on higher risk-free rate (4.5% vs 4.25%). Now trades 37% FY26 PER discount to peers, 17% to Ebro Foods. CY26 harvest likely 200k Paddy tonnes vs 500k target. Strategy aligns w/ peers: innovation, supply chain efficiencies, M&A scale. Targeting $3B rev by 2030 (~10% CAGR). $0.70/sh div (5.5% franked yield).
Read full article (9 min)