1. New Zealand Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Livestock Improvement Corporation Limited

Livestock Improvement Corporation Limited

LIC.NZ
Livestock Improvement Corporation LimitedNZ flagNew Zealand Exchange
1.20
NZD
- -
- -
170.33MMarket Cap
Livestock Improvement Corporation Limited
LIC.NZ
(New Zealand Exchange)

Recent

price

1.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
1.16
1.4
1.5
1.64
1.76
1.93
1.74
1.69
2.11
1.78
1.78
1.75
1.85
1.94
1.88
- -
Revenue per Share
0.07
0.15
0.21
0.2
0.15
0.12
-0.03
0.17
0.08
0.16
0.12
0.16
0.19
0.19
0.05
- -
Basic EPS, GAAP
-0.08
-0.17
-0.16
-0.2
-0.29
-0.39
-0.29
-0.14
-0.19
-0.25
-0.14
-0.11
-0.12
-0.14
-0.19
- -
Free Cash Flow per Basic Share
0.1
0.06
0.11
0.1
0.14
0.09
0.05
- -
0.02
0.02
0.09
0.11
0.19
0.15
0.27
- -
Dividend per Share
1.24
1.36
1.45
1.56
1.57
1.6
1.52
1.69
1.81
1.79
1.75
1.77
1.73
1.74
1.6
- -
Book Value per Share
1.28
1.35
1.41
1.47
1.38
1.3
1.11
1.36
1.5
1.57
1.56
1.75
1.79
1.82
1.61
- -
Tangible Book Value per Share
118
118
118
118
118
118
118
118
112
139
142
142
142
142
142
139
Basic Weighted Avg Shares
136
166
177
194
207
228
205
199
236
247
254
249
263
277
267
- -
Sales/Revenue/Turnover
12.85
16.37
18.29
13.22
9.55
7.92
-4.21
14.25
15.06
11.06
10.77
12.81
12.68
11.2
8.13
- -
Operating Margin (%)
9
10
11
14
17
21
25
28
28
27
31
22
23
23
24
- -
Depreciation Expense
8
18
24
24
18
14
-4
21
9
22
17
23
27
27
8
- -
Net Income, GAAP
45.5
32.06
27.93
26.67
28.22
35.6
- -
31.8
32.13
26.36
10.62
23.85
15.84
24.02
43.88
- -
Effective Tax Rate (%)
6.12
10.65
13.76
12.22
8.7
6.06
-1.93
10.33
3.92
8.99
6.89
9.21
10.15
9.89
2.89
- -
Profit Margin (%)
48
41
47
46
8
8
-5
24
110
124
134
162
154
150
130
- -
Working Capital
- -
- -
- -
- -
- -
- -
10
15
- -
- -
16
14
15
17
17
- -
LT Debt
174
185
196
209
213
219
211
233
242
291
290
294
293
297
275
- -
Total Equity
5.36
10.11
12.11
9.17
6.66
5.21
- -
7.45
9.15
7.1
7.92
7.76
8.89
7.37
3.99
- -
Return on Invested Capital (%)
6.12
11.52
14.92
13.7
10.05
7.66
- -
9.68
4.46
9.41
6.92
9
10.15
10.21
2.85
- -
Return on Capital (%)
5.61
11.47
14.67
13.3
9.76
7.38
-2.15
10.86
4.6
9.82
7.03
9.15
10.72
11.08
3.26
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
277
2024
- -
- -
- -
- -
267
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.19
2024
- -
- -
- -
- -
0.05
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.15
2024
- -
- -
- -
- -
0.27
2025
- -
- -
- -
- -
- -
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Business
Livestock Improvement Corporation Limited (LIC.NZ) is a New Zealand-based farmer-owned co-operative specializing in agricultural technology and herd improvement services for the dairy industry; it develops, produces, and markets artificial breeding products, bovine genetics, farm software, herd testing, diagnostics, and on-farm support solutions. The company offers core products including superior dairy genetics from premier sires such as Alpha and genomic evaluations; MINDA herd management systems for data recording and decision-making; herd testing for milk quality, production, and animal health; DNA parentage verification, animal health testing, and milk pregnancy testing; farm consultancy via FarmWise advisors; artificial breeding technician services and training; electronic identification tags, EID readers, and on-farm weighing; field assist data recording; and integrated parlour automation systems previously under LIC Automation. Founded in 1909 and headquartered in Hamilton, New Zealand, with regional bases across the country and offices in the United Kingdom, Ireland, Australia, and agents in South Africa and Asia, LIC operates primarily in the New Zealand dairy sector while expanding internationally through bovine genetic exports to over 20 countries. In March 2025, MSD Animal Health acquired the assets of LIC Automation Ltd, enhancing dairy automation technologies and integrating them with complementary livestock intelligence solutions; in December 2024, LIC formed a strategic partnership with Pāmu Farms of New Zealand and its subsidiary Focus Genetics to develop a new beef breeding program leveraging LIC's commercial capabilities for dairy-beef genetics; additionally, LIC maintains significant investments in research and development exceeding 5% of revenue, reported positive full-year financial results with an increased dividend in July 2025, and continues joint R&D with partners like Lely for sensing technology and milk sensors. LIC's segments encompass NZ market genetics, herd testing, farm software, diagnostics, and international operations, serving over 10,000 dairy farmer shareholders who receive all profits as dividends or reinvestments.