SGL ricegrowers limited

Ann: FY24 Financial Results Investor Presentation, page-2

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
  1. 4,248 Posts.
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    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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