This stock looks quite cheap, looking at valuation metrics :
- PE 24 of 7.5 x,
- free cash flow yield of 10.2 % (and dividend yield of 7.6 %),
- as well as P/B of 0.85 x (vs ROE of 11.3 %).
The market is probably sceptical about the sustainability of these results.
Anyway, interesting to notice that there has been a regular increase of their EPS during the last 3 years and their dividend went from 33 c in FY 21 to 60 c in FY 24 (regular increase during the period).
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- Ann: FY24 Financial Results Investor Presentation
SGL
ricegrowers limited
Ann: FY24 Financial Results Investor Presentation, page-2
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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