Ricegrowers Ltd. Class B (SGLLV) AI Stock Analysis

• Market Cap: AU$901.50M
• Dividend Yield: 4.07%
• Average Volume (3M): 170.21K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 0.36
• Revenue Growth: -2.82%
• EPS Growth: 12.29%
• Country: AU
• Employees: 2,139
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 0.53
• Shares Outstanding: 68,346,540
• 10 Day Avg. Volume: 62,759
• 30 Day Avg. Volume: 170,205
• PEG Ratio: 2.09
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 9.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$18.75
• Price Target Upside: 13.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.19
• Revenue Forecast (FY): AU$1.83B

• Rating: 69 Neutral
• Price Target: AU$14.50 ▼(-12.07% Downside)
• Action: Reiterated Date: 11/12/25
• Date: Action: Reiterated 11/12/25

Ricegrowers Ltd. Class B demonstrates a stable financial foundation with strong equity and efficient cost management, contributing significantly to its score. The valuation is reasonable, supported by a solid dividend yield. Technical indicators suggest short-term caution but a generally positive long-term outlook.

Positive Factors

Balance sheet strength

A robust equity position and manageable leverage provide a durable capital buffer against seasonal crop cycles and commodity swings. This lowers default risk, supports working capital needs, and allows selective investment or M&A without excessive external borrowing, preserving long-term financial flexibility.

Cash generation ability

Consistent positive operating cash flow and recurring free cash flow indicate the business converts earnings into cash over cycles. Reliable cash generation underpins dividends, debt servicing and targeted reinvestment, improving resilience through seasonal volatility and supporting sustainable capital allocation decisions.

Margin sustainability / cost control

Improved gross margins and maintained net profit margins despite a slight sales dip reflect effective cost management and some pricing or mix advantage. Sustained margin control preserves cash conversion and protects profitability during cyclical downturns, supporting long-term returns on invested capital.

Negative Factors

Recent revenue decline

A reported revenue decline of ~2.8% signals potential demand weakness or lost volume in core products. If this trend persists it can reduce operating leverage, shrink absolute earnings and limit funds for strategic initiatives, making sustained growth and margin targets harder to achieve.

Free cash flow variability

Inconsistent free cash flow growth increases uncertainty for dividends, capex and debt reduction planning. For an agricultural company with seasonality, variability forces larger liquidity buffers or external financing during adverse years, reducing capital efficiency and strategic optionality over the medium term.

Operating margin pressure

Reported declines in EBIT and EBITDA margins suggest rising operational costs or adverse product mix beneath headline net margin stability. Persistent compression at the operating level can erode return on capital and limit reinvestment capacity, weakening competitive positioning over time.

Ricegrowers Ltd. Class B Business Overview & Revenue Model

Company Description

Ricegrowers Limited operates as a rice food company in Australia and internationally. The company operates through Rice Pool, International Rice, Rice Food, Riviana Foods, and CopRice segments. It engages in the receipt and storage of paddy rice; and milling, manufacturing, processing, procurement, distribution, and marketing of rice and related products, as well as other grocery products, gourmet, entertainment food products, and research and development into the growing of rice. The company offers everyday, microwave, and healthy rice; rice snacks; baby rice cereal; bulk bag rice; and rice for restaurants. Further, it provides animal feed and nutrition products. The company offers its products under the Sunwhite, Solrice, Trukai, CopRice, Hinode, Always Fresh, Admiral, Captain, Riviana, Mahatma, Menu Master, Garden Supreme, and Ocean Supreme brands. Ricegrowers Limited was founded in 1950 and is based in Sydney, Australia.

How the Company Makes Money

Ricegrowers Ltd. generates revenue through multiple streams, primarily from the sale of rice and rice-related products. The company engages in direct sales of bulk rice to wholesalers, retailers, and food manufacturers, which constitutes a significant portion of its revenue. Additionally, Ricegrowers Ltd. markets packaged rice products under its own brand and other private labels, catering to consumer demand. The company also earns income from value-added services, such as rice processing and packaging, which enhance product offerings. Strategic partnerships with local farmers and international distributors further bolster its market reach and revenue potential. Furthermore, Ricegrowers Ltd. benefits from government support and subsidies aimed at promoting sustainable agricultural practices, contributing to its overall financial stability.

Ricegrowers Ltd. Class B Financial Statement Overview

Summary

Ricegrowers Ltd. Class B presents a stable financial profile with strong revenue and profit margins, a healthy balance sheet with efficient leverage, and positive cash flow generation. Recent revenue declines and cash flow variability indicate areas for improvement, but the company's strong equity position and effective cost management provide a solid foundation for future growth.

Income Statement

Ricegrowers Ltd. Class B shows a stable revenue base, with a slight revenue decline from 2024 to 2025, though gross profit margins have improved. The net profit margin remains healthy, indicating efficient cost management despite lower EBIT and EBITDA margins. Revenue growth over previous years was strong, but recent declines need monitoring.

Balance Sheet

The company maintains a solid equity position, with a manageable debt-to-equity ratio reflecting prudent financial leverage. Return on equity remains respectable, indicating effective use of shareholder funds. The equity ratio is robust, ensuring long-term stability.

Cash Flow

Ricegrowers Ltd. Class B demonstrates positive operating cash flow with a consistent free cash flow despite fluctuations in capital expenditures. The operating cash flow to net income ratio suggests effective cash management, although free cash flow growth has been inconsistent.

Breakdown	TTM	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2021
Income Statement
Total Revenue	1.82B	1.84B	1.87B	1.63B	1.33B	1.02B
Gross Profit	223.99M	762.29M	726.55M	670.24M	512.00M	375.49M
EBITDA	150.35M	147.14M	134.57M	112.05M	91.44M	48.73M
Net Income	73.11M	68.41M	63.13M	52.55M	47.55M	20.77M
Balance Sheet
Total Assets	1.30B	1.48B	1.40B	1.33B	1.20B	921.53M
Cash, Cash Equivalents and Short-Term Investments	41.47M	66.99M	32.81M	74.30M	42.60M	23.54M
Total Debt	210.51M	285.22M	256.57M	365.73M	240.38M	171.41M
Total Liabilities	646.47M	847.86M	799.51M	770.32M	693.44M	460.57M
Stockholders Equity	628.87M	607.22M	576.60M	533.44M	485.90M	444.11M
Cash Flow
Free Cash Flow	56.53M	73.61M	80.60M	-68.66M	7.74M	20.08M
Operating Cash Flow	100.25M	116.39M	103.44M	-48.56M	24.34M	39.01M
Investing Cash Flow	-38.95M	-62.22M	-4.00M	-16.30M	-54.05M	-83.84M
Financing Cash Flow	-82.69M	-37.97M	-131.51M	99.84M	32.92M	39.74M

Ricegrowers Ltd. Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SGLLV, the sentiment is Negative. The current price of 16.49 is above the 20-day moving average (MA) of 13.94, above the 50-day MA of 15.59, and above the 200-day MA of 14.40, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 32.60 is Neutral, neither overbought nor oversold. The STOCH value of 29.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SGLLV.

Ricegrowers Ltd. Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRM	74 Outperform	AU$55.39M	1.39	29.12%	―	2.63%	―
SGLLV	69 Neutral	AU$901.50M	8.02	12.11%	4.07%	-2.82%	12.29%
GNC	63 Neutral	AU$1.35B	49.57	2.58%	6.42%	12.27%	-35.60%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ELD	57 Neutral	AU$1.58B	27.37	5.24%	5.16%	2.25%	-2.41%
AAC	49 Neutral	AU$798.33M	2.69	3.47%	―	16.63%	66.67%
DBF	45 Neutral	AU$77.13M	-1.37	-11.46%	29.49%	-16.73%	-343.82%