Rare Foods Australia Ltd

  • IPO date:
  • Sector: Consumer Defensive
  • GIC Group: Food, Beverage & Tobacco
  • Industry: Farm Products
  • Company website

Company description

Rare Foods Australia Limited engages in the abalone ranching business in Australia, Asia, Europe, and North America. It is involved in the harvesting of abalone; deployment and maintenance of artificial reef; and processing and distribution of the Greenlip abalone from the ocean ranching operations in Flinders Bay, Australia. The company was formerly known as Ocean Grown Abalone Limited and changed its name to Rare Foods Australia Limited in November 2021. Rare Foods Australia Limited was incorporated in 2011 and is based in Augusta, Australia.

Financial highlights

Market Capitalization$11.7331 million
P/E Ratio0
P/E Growth Ratio
Book Value0.063
Dividend Per Share0
Earnings Per Share-0.03
EBITDA-1,874.409
Profit Margin0
Operating Margin TTM0
Return on Assets TTM-0.0869
Return on Equity TTM-0.0934
Revenue TTM5,142.467

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2017-06-30 744.71 594.02 150.69
2018-06-30 2,053.75 1,830.44 223.31
2019-06-30 3,059.756 -2,536.612 5,596.368 5,254.827
2020-06-30 2,529.832 4,641.941 -2,112.109 5,451.137
2021-06-30 3,287.058 1,910.342 1,376.716 4,927.13
2022-06-30 3,976.069 430.171 3,545.898 5,487.363
2023-06-30 5,561.92 5,033.93 527.99

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2017-06-30 2,990.36 10,498.18 1,574.01 0 14,046.79
2018-06-30 7,415.98 18,228.27 1,840.09 0 23,408.14
2019-06-30 2,571.694 20,084.231 2,732.556 115.314 59.493 23,408.139
2020-06-30 2,778.877 17,203.509 1,813.606 136.23 25.38 27,012.442
2021-06-30 2,712.681 15,661.169 1,925.838 99.308 17.18 27,012.442
2022-06-30 795.183 16,474.375 3,510.077 331.329 395.2 27,012.442
2023-06-30 20 16,596.6 4,805.43 0 382.46 27,129.44

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2017-06-30 -1,442.64 2,522.97
2018-06-30 -4,204.95 4,425.62 7,415.975
2019-06-30 1,034.369 -1,626.86 -4,844.281 7,415.975 2,571.694
2020-06-30 -4,564.524 -1,723.21 207.183 2,571.694 2,778.877 30.7
2021-06-30 -1,683.007 149.76 -66.196 2,778.877 2,712.681
2022-06-30 -853.43 -1,756.72 -1,917.498 2,712.681 795.183
2023-06-30 -1,444.577 -1,123.194 795.183 -328.011