Description:
*
"Allied Farmers Limited was incorporated on 8th
October 1913 to service the farming requirements for local South Taranaki
farmers. The company has expanded its operations from those merchandise
beginnings into livestock, real estate, finance, wool brokering and
manufacturing (meat and timber). This expansion both vertically and
geographically, now covering most of the central north island, has
established the company into the second largest full service stock and
station agency company in New Zealand.
Group turnover including livestock, wool and real estate now totals
$407,254,000. Allied Farmers Limited has 15.9 million shares on issue to
some 5,500 shareholders. Allied Farmers Limited Head Office is located at
Hawera in South Taranaki.
Allied Farmers Limited employs around 371 staff throughout its operations,
many of whom have been with the company through their entire working
careers. It has a strong people philosophy, recognising the unique aspect
of the stock and station industry which identifies staff as the most
important asset.
It operates with a strong service culture, offering a comprehensive
merchandise network of 15 branches throughout Taranaki (11), King Country
(3), and Waikato (1) including merchandise representatives (19) at most
branches.
Stock agents (52) are based throughout the four provinces.
Real Estate branches are located from ' Taranaki to the Tararuas' with
approximately 60 sales people. Five branches operate under the First
National umbrella, the exception being J P Morgan Real Estate office in
Fielding.
Allied Farmers Wools Limited operates from its store in Wanganui and has 6
wool representatives based in Taranaki, Waikato, Wanganui and Hawkes Bay.
Allied Farmers Finance Limited, a 100% subsidiary with its Head Office in
Auckland, and offices in Hawera and New Plymouth, offers a range of
financial services but specialises in capital equipment and rural
financing. The recent purchase of Prime Finance Limited has enhanced the
finance division and it's future with offices in Auckland, Tauranga,
Wellington and Christchurch."
Website: http://www.alliedfarmers.co.nz/
Recent announcements: click here
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
-28% |
6% |
13% |
1% |
13% |
-3% |
|
NPAT |
|
-37% |
36% |
8% |
-58% |
-23% |
-17% |
|
Total
Assets |
|
0% |
22% |
18% |
165% |
206% |
31% |
|
Net
Assets |
|
3% |
10% |
19% |
-5% |
25% |
5% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
$
0.32 |
$
0.20 |
$
0.18 |
$
0.20 |
$
0.08 |
|
|
|
|
|
-37% |
-9% |
8% |
-58% |
-69% |
-24% |
|
Net
Assets |
$
1.69 |
$
1.74 |
$
1.28 |
$
1.52 |
$
1.45 |
|
|
|
|
|
3% |
-26% |
19% |
-5% |
-12% |
-3% |
|
Dividends |
$
0.17 |
$
0.15 |
$
0.07 |
$
0.10 |
$
0.15 |
|
|
|
|
|
-12% |
-53% |
43% |
51% |
37% |
-2% |
|
Profitability |
|||||||
|
Return
on Assets |
6% |
4% |
5% |
4% |
1% |
|
|
|
Equity
Multiplier |
2.97 |
2.88 |
3.20 |
3.18 |
8.87 |
|
|
|
Return
on Equity (ROE) |
19% |
12% |
14% |
13% |
6% |
|
|
|
ROE
(avg E) |
|
12% |
15% |
14% |
6% |
|
|
|
Net
Profit Margin |
4% |
3% |
4% |
4% |
2% |
|
|
|
Dividend
payout ratio |
52% |
74% |
38% |
50% |
179% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
$5,446,000
|
$5,939,000
|
$6,898,000
|
$6,724,000
|
$(975,000) |
|
|
|
Current
ratio |
1.19 |
1.23 |
1.20 |
1.18 |
0.99 |
|
|
|
Acid
test ratio |
1.19 |
1.23 |
1.20 |
1.18 |
0.99 |
|
|
|
Other |
|||||||
|
Times
interest earned |
4.01 |
2.22 |
3.37 |
2.46 |
1.67 |
|
|
|
Operating
exp/income |
92% |
90% |
89% |
91% |
92% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
97492000 |
70332000 |
74768000 |
84688000 |
85275000 |
|
|
|
Expenses |
92305000 |
67124000 |
70235000 |
81132000 |
83192000 |
|
|
|
Tax |
1750000 |
1049000 |
1601000 |
388000 |
749000 |
|
|
|
NPAT |
3437000 |
2159000 |
2932000 |
3168000 |
1334000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
53150000 |
53009000 |
64936000 |
76937000 |
204161000 |
|
|
|
Liabilities |
35268000 |
34600000 |
44623000 |
52765000 |
181148000 |
|
|
|
Net
Assets |
17882000 |
18409000 |
20313000 |
24172000 |
23013000 |
|
|
| Registered Office: |
Mailing address: |
| Directors: Philip Anstey Garry Charles Bluett Peter Cook Ross Dunlop John Loughlin Philip C Luscombe Gerald A McDouall |
Secretary: Trevor Harrop |
| Auditors: PricewaterhouseCoopers |
Solicitors: Welsh McCarthy |
| Bankers: |
Registrar: Link Market Services Limited |
| Other: |
|
Gain access to professional equity research reports
| Other | Last updated: 11/01/2007 |
Company balance date: 30 June
Trading over the last year
