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

$7.03

07 May
2026

0.000

OPEN

$7.04

0.000

HIGH

$7.10

609,312

LOW

$6.97

TARGET
$8.38 19.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . 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 54.8 xxx
DPS (cps) xxx 36.0 36.8 xxx
EPS Growth xxx - 3.5% 100.0% xxx
DPS Growth xxx 0.8% 2.2% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 132.3% 67.1% xxx

Dividend yield today if purchased 3 years ago: 4.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.22

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: 25/11 - ex-div 18c (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

0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

27/02/2026

1

Buy

$9.00

28.02%

Elders has announced the sale of the Killara feedlot (rural NSW) for $195.8m, a value well above the $119.3m book value of the assets, Bell Potter notes.

Since reporting FY25 results, urea pricing is up 13%, DAP is down -10% and glyphosate is down -16%. Pricing indicators are no longer the tailwind they were in early 1Q26, the broker points out.

Given dry conditions in Southern Australia through most of 1H26 this has seen Bell Potter revise down assumptions around gross margin and volume recovery in that business line in FY26.

The broker nevertheless sees encouraging signs for FY26, with livestock turnoff values exhibiting double digit year on year growth through 1H26 to date. Target falls to $9.00 from $9.45, Buy retained.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 39.00 cents and EPS of 55.70 cents.
Bell Potter forecasts a full year FY27 dividend of 45.00 cents and EPS of 66.10 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Canaccord Genuity

11/03/2026

1

Buy

$8.64

22.90%

Elders has an agreement with Australian Meat Group to sell its Killara feedlot for $196m, removing a low return on capital asset.

Canaccord Genuity considers the transaction in a positive light, notably because of the reduction in debt and the broadly neutral impact on earnings.

Trading conditions appear to have improved in recent weeks amid favourable weather in Western and South Australia, likely to drive an uplift in crop input demand, commentary suggests.

Buy rating retained and the target is raised to $8.64 from $8.08.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 36.00 cents and EPS of 53.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 36.00 cents and EPS of 54.00 cents.
Access Extra Coverage Research History >

ELD STOCK CHART

FNArena News on ELD

1
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View
2
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Mar 11, 2026

Mar 11 2026 - Daily Market Reports
4
Next Week At A Glance – 27 Feb – 6 March 2026

Feb 27 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Feb 05, 2026

Feb 05 2026 - Daily Market Reports

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