ELDERS LIMITED (ELD)
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ELD

ELD - ELDERS LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.79
Index: ASX200 | ASX300 | ALL-ORDS

Elders is an Australian agribusiness that provides products and services to primary producers in Australia and New Zealand. With roots going back to 1839, it has been a listed entity since 1981.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.40

06 Nov
2026

-0.010

OPEN

$6.45

-0.16%

HIGH

$6.49

520,179

LOW

$6.38

TARGET
$6.84 6.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . GNC . HFR . NUF . RIC . SGLLV . SHV . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
ELD: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 27.2 47.8 xxx
DPS (cps) xxx 36.0 36.0 xxx
EPS Growth xxx - 3.5% 75.5% xxx
DPS Growth xxx 0.8% 0.0% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 132.3% 75.4% xxx

Dividend yield today if purchased 3 years ago: 5.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.63

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 26/05 - ex-div 18.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx27.2
DPS All xxxxxxxxxxxxxxx36.0
Sales/Revenue xxxxxxxxxxxxxxx3,201.7 M
Book Value Per Share xxxxxxxxxxxxxxx565.1
Net Operating Cash Flow xxxxxxxxxxxxxxx117.9 M
Net Profit Margin xxxxxxxxxxxxxxx1.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx5.24 %
Return on Invested Capital xxxxxxxxxxxxxxx3.95 %
Return on Assets xxxxxxxxxxxxxxx2.02 %
Return on Equity xxxxxxxxxxxxxxx5.24 %
Return on Total Capital xxxxxxxxxxxxxxx7.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx45.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx355 M
Long Term Debt xxxxxxxxxxxxxxx239 M
Total Debt xxxxxxxxxxxxxxx594 M
Goodwill - Gross xxxxxxxxxxxxxxx347 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx47 M
Price To Book Value xxxxxxxxxxxxxxx1.32

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx33.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.04 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,532 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx541 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx71 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

15/10/2026

3

Neutral

$6.40

0%

UBS outlines a mixed picture for the agri sector over the 2H2026. In the first instance, rains arrived to support the fourth highest winter crop production in Australia's history.

Industry feedback indicates ongoing challenging macro conditions including inflation and rising interest rates as well as geopolitical tensions which are weighing on farmers' outlook.

Also, parts of Australia have been dry in 2H2026 including northern NSW and Qld with livestock volumes starting to ease.

The broker views 2026 as a "balanced year". FY26 EBIT forecasts fall by -5% for the softer AgChem prices, slower livestock transactions into the end of 2026 and ongoing dry conditions. A roll forward of the valuation lifts the target to $6.40 from $6.

Neutral rating retained.

FORECAST
UBS forecasts a full year FY26 dividend of 36.00 cents and EPS of 49.00 cents.
UBS forecasts a full year FY27 dividend of 36.00 cents and EPS of 51.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Research as a Service (RaaS)

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Canaccord Genuity

21/05/2026

3

Downgrade to Hold from Buy

$5.34

-16.56%

Canaccord Genuity downgrades Elders to a Hold rating from Buy and lowers its target price to $5.34 from $8.64 following a disappointing first-half result.

While group gross profit of $397m beat estimates by 7%, operating costs surged 25% on the prior corresponding period to -$276m.

The significant cost escalation is primarily attributed to the ongoing information technology system modernisation program, entirely overshadowing improved cash conversion and an initial five-month contribution from the Delta Agribusiness acquisition.

Sudden trajectory changes in operating expenses reduce forecasting confidence, prompting the broker to lower earnings per share estimates by -11% to -16% over the next three years.

The revised valuation reflects a lower 8.0x enterprise value to earnings multiple to account for reduced near-term predictability.
Access Extra Coverage Research History >

ELD STOCK CHART

FNArena News on ELD

1
Rudi’s View: Previews To November Results

Nov 05 2026 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 30-10-26

Nov 02 2026 - Weekly Reports
3
In Brief: Innovaero, Yojee & Elders

Oct 16 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 15, 2026

Oct 15 2026 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 25-09-26

Sep 28 2026 - Weekly Reports

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