Nufarm prunes costs, plants diversification
Nufarm (ASX:NUF) has announced its full-year financial results for FY24, reporting a drop in net debt by 25% to $635m.
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Nufarm reports decline in interim earnings
A four-cent unfranked dividend for shareholders in the ag chemicals business Nufarm (ASX:NUF), and the promise of a pickup in the current second half as it expects an upturn in its crop protection business.
Read MoreDeep dive into CSL, NUF & IPH and charts on China risks
Fund Manager Chris Pedersen looks at CSL (ASX:CSL), Nufarm (ASX:NUF), IPH (ASX:IPH) and charts on China risks.
Read MoreNufarm shareholders receive lower final dividend amid steady annual results
Crop protection group Nufarm (ASX:NUF) shareholders will receive a lower final dividend, while the full-year dividend remains unchanged, following the company's 'steady as she goes' annual results announcement on Wednesday.
Read MoreNufarm Looking Like the Cream of the Crop
Unlike other rural sector companies operating, Nufarm seems to have had an almost trouble-free past six months to March with revenue, earnings and dividend all up.
Read MoreTrading Tidbits: TRS, CCP, NUF
While the overall market continued its strong start to 2023, the ongoing challenges were on full display in Wednesday’s updates from The Retail Shop, Credit Corp and Nufarm.
Read MoreMarket Murmurs: NUF, GNC, KMD
Three pretty upbeat stories from companies reporting to the market on Wednesday, with Nufarm, Graincorp and the erstwhile Kathmandu all seemingly in good shape.
Read MoreBourse Discourse: WEB, NUF
Thursday’s ASX rout made it a tough day to be releasing results, but the show must go on. Here’s the latest from travel firm Webjet and agricultural chemical company Nufarm.
Read MoreNUF – UBS rates the stock as Buy
Buy rating retained. Target price rises to $7.90 from $6.73.
Read MoreNufarm Confirms Guidance Despite Writedown
Nufarm shares did relatively well yesterday despite revealing a small writedown on the value of its business in Russia and Ukraine while confirming earnings guidance given in February.
Read MoreNUF – Credit Suisse rates the stock as Neutral
The Neutral rating is retained and the target price increases to $6.14 from $5.01.
Read MoreStrong but Not Strong Enough from Nufarm
So why did the market sell down shares in agricultural chemicals company Nufarm by more than 8% yesterday in the wake of what appeared to be a set of solid 2021 financial year results?
Read MoreNUF – Morgans rates the stock as Add
The Add rating is unchanged. The target price rises to 6.50 from $6.15.
Read MoreNufarm Result a Story of Two Halves
Investors took Nufarm shares higher yesterday, despite a clear warning that second half earnings will come in much lower than those for the six months to the end of March.
Read MoreSeasons Greet Nufarm Warmly
The seasons have changed for Nufarm, for the better, generating a welcome return to a profitable outlook.
Read MoreNUF – Credit Suisse rates the stock as Outperform
Nufarm’s latest trading update on its performance during August and September shows better seasonal conditions and reduced costs that lifted Nufarm’s crop protection profitability in all regions, observes Credit Suisse.
Read MoreNUF – Citi rates the stock as Buy
Citi assesses Nufarm is currently emerging from a tough three years for the agricultural industry. At 5x enterprise value/EBITDA estimates for FY21 the broker considers the stock is good value.
Read MoreBetter Earnings Trajectory Ahead For Nufarm
A performance improvement program and recovery in agricultural conditions are expected to provide Nufarm with a better earnings trajectory over coming years.
Read MoreDrought Broken But Dividends Still Dry At Nufarm
Agri-chemicals group, Nufarm will again skip paying a dividend to shareholders for 2019-20 after revealing a massive $456 million full-year loss. That means the company has not paid shareholders a dividend for two years – since the final of 6 cents a share paid for the 2017-18 financial year.
Read MoreAustralia Improves But Europe Weighs On Nufarm
Europe has become the latest trouble spot for local agricultural chemicals and seed company Nufarm a year after the company got rid of its previous problem businesses in South America to major shareholder, Sumitomo Chemical.
Read MoreNUF – Credit Suisse rates the stock as Outperform
Nufarm has guided to $15m in operating earnings (EBITDA) improvement with the closure of manufacturing at Raymond Road and 2, 4-D synthesis at its site in Austria.
Read MoreNUF – UBS rates the stock as Reinstate coverage with Neutral
UBS reinstates coverage on Nufarm with a Neutral rating and $5.19 target. The broker considers the stock is fair value and trading in line with its long-term average.
Read MoreEarnings News: Nufarm, Sigma, New Hope Coal
Three results including two from yesterday – from Nufarm and Sigma Healthcare – confirm that the figures are historical and useless for assessing the company’s outlook for the rest of the year and into 2021 in the wake of the impact of COVID-19.
Read MoreIs The Worst Behind Nufarm?
Nufarm shares steadied yesterday in the wake of Friday’s slide on a more definitive profit downgrade for the six months to January 31.
Read More“Lower Earnings In All Regions”: Nufarm Earnings Dry Up
Shares in agricultural chemicals supplier Nufarm sold off heavily yesterday as another earnings downgrade from the company confirmed that the big Australian drought has its hooks into the company’s profit and loss account.
Read MoreNUF – Macquarie rates the stock as Upgrade to Outperform from Neutral
No surprises from the Nufarm FY19 result given the company kept the market well-informed. The surprise came with the sale of the LatAm business, which had been soaking up 33% of working capital while representing 28% of earnings, suffering negative cash flow for the last five years and exposed currency risk, at what Macquarie describes as a “good price”.
Read MoreNufarm Soars As Sumitomo Solves Debt Burden
Agricultural chemicals group Nufarm’s biggest shareholder, Japanese group, Sumitomo, has bailed out the Australian company by paying $1.2 billion for a key asset in a move that will allow Nufarm to slash a worrying debt burden.
Read MoreNUF – Citi rates the stock as Buy
Citi assesses expectations are low leading into the FY19 results on September 30. The shares are down -27% in the year to date, sharply underperforming the broader market.
Read MoreNUF – Credit Suisse rates the stock as Outperform
Credit Suisse suspects, while a capital raising and downgrade to guidance was widely expected, the support from Sumitomo was likely to have been underestimated. The company has downgraded earnings estimates for North America because of weather impacts.
Read MoreJapan’s Sumitomo Bails Out Beleaguered Nufarm
Sumitomo, Nufarm’s biggest shareholder, has bailed out the Australian ag chemicals maker with a near $100 million capital injection.
Read MoreNUF – Credit Suisse rates the stock as Outperform
Credit Suisse believes the main issue in the first half result is the mismatch between market expectations and the ability or willingness of the company to effectively manage working capital fluctuations.
Read MoreNufarm Unable To Weather The Drought
Shares in crop protection group Nufarm slumped sharply yesterday after the company revealed a loss for the half-year thanks to the intensifying drought. The company also suspended its dividend while a jury decision in a court case in San Francisco sets up another possible legal blow to the key chemical in its main product.
Read MoreNUF – Deutsche Bank rates the stock as Upgrade to Buy from Hold
After upgrading to Hold in January Deutsche Bank has now upgraded Nufarm to Buy, as the stock is now trading at a -16% discount to valuation.
Read MoreABARES Cuts Crop Forecasts Again
The East Coast drought – now dipping into Victoria and the dry emerging parts of southern Western Australia – has seen Australia again cut its 2018-19 wheat harvest estimate to where it is now forecast to be the lowest since the GFC and the last big drought in 2008.
Read MoreNufarm Capital Raising Underwhelms Investors
Fertiliser and rural products group, Nufarm has raised the $303 million it had been looking for in the entitlement issue that started on September 25 as it sought fresh capital to cut debt and help it ride out the East Coast drought.
Read MoreInstitutions Back Nufarm Raising
Agricultural products and pesticides group, Nufarm has received a vote of confidence from big shareholders who paid a premium to the company’s rights issue share price in filling the institutional component of its fully underwritten 3 new shares for every 19 held $303 million fundraising offer at $5.85 a share.
Read MoreDrought Drags Nufarm Into The Red
The 2017-18 Nufarm result explains why the company has rushed out a surprise rights issue.
Read MoreNufarm Seeks Drought Relief From Shareholders
Nufarm is looking to raise $303 million from shareholders after its debt doubled in the latest financial year thanks to the cost of acquisitions and ballooning working capital needs because of the worsening drought in eastern Australia.
Read MoreUS Court Ruling Adds To Nufarm Woes
It wasn’t drought this time but a US court decision which saw Nufarm shares fall 13% yesterday – the second bout of weakness in a month.
Read MoreNufarm Shares Unable To Weather The Drought
Nufarm profits for the 2017-18 have badly damaged out by the worsening drought. The news saw the shares slide more than 11% to $7.48. At one stage they were down nearly 12% in early dealings.
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