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General Information

Retail Food Group Limited
RFG
http://www.rfg.com.au
Restaurants
1,167
163

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$7.11 $7.20 $7.21 $7.10 $7.16 171206 $0.05 ( 0.70% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
23/04/2015
3

Company Overview

Business Description
Retail Food Group Limited (RFG) is an Australian retail food brand managers and franchisors. RFG is also a supplier and roaster of coffee and affiliated products. The company has two main operational divisions being Franchising and Wholesale/Retail Operations.
Strategy Analysis
Eighty percent of outlets are located in high foot traffic shopping centres to take advantage of small change customer spending. Stagnant shopping centre development has forced management to consider non-traditional sites to continue outlet growth. Franchisee health is a focus with efforts centred on the fortification of average weekly sales via menu enhancement and product innovation, and leveraging input suppliers. Management also pursue acquisitions which provide opportunities to increase EPS, scale, synergies, organic growth and intellectual property. Acquisitions will not necessarily be limited to the food and franchising sector. Retail Food Group reported NPAT up 0.72% to $14.63m for the half-year ended 31 December 2012. Revenues from ordinary activities were $70.81m, up 25.5% from last year. Diluted EPS was 12.5 cents compared to 13.4 cents last year. Net operating cash flow was $10.29m compared to $13.14m last year. The interim dividend declared was 9.5 cents, compared with 8.5 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 39.6 11.2% 18.1 31.0 4.3% 0.0%
2015 F 0.0 35.6 34.5% 20.1 29.0 4.1% 0.0%
2014 A 36.9 26.5 2.2% 16.3 22.0 5.1% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Domino's Pizza Enterprises (DMP) $3,118M 0.2812 0.3145 0.2534 66.9517 50.9333 40.6363 1.02% 1.39% 1.73%
Retail Food Group (RFG) $1,126M 0.0223 0.3448 0.1123 26.0952 19.4047 17.4451 3.18% 4.20% 4.49%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.08 21.10 3.34 0.95
Market 0.91 16.80 1.31 2.35
Sector 1.25 19.10 2.52 1.34

Directors

Name Position Start Date
Mr Anthony James Alford Chief Executive Officer, Managing Director 28/10/2003
Mr Stephen Edward Lonie Non-Executive Director 24/06/2013
Mrs Jessica Buchanan Non-Executive Director 29/05/2012
Mr Colin Archer Non-Executive Director, Non-Executive Chairman 12/04/2006

Management

Name Position
Peter McGettigan Chief Financial Officer
Anthony Mark Connors Chief Legal Officer,Company Secretary
Andre Nell Chief Operating Officer
Gary Alford Director of Franchise
Tracey Catterall Managing Director of Michel's Patisserie Brand System

Substantial Shareholders

Holding Name
22,957,004 (15.80%) Mr Anthony (Tony) Alford
16,964,742 (11.70%) Mawer Investment Management Ltd
9,000,000 (6.20%) Thorney Pty Ltd

Calendar of Events

Date Event
24 February 2016 Report (Interim)
08 October 2015 Report (Annual)
27 August 2015 Report (Prelim)
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