GRAINCORP LIMITED (GNC)
Share Price Analysis and Chart

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GNC

GNC - GRAINCORP LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.3
Index: ASX200 | ASX300 | ALL-ORDS

Graincorp is an Australian company with operations in grains and oilseeds in several countries. It also provides transport and marketing services. Originally founded in 1917, it was privatised in 1992 and listed on the ASX in 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.98

24 Jun
2026

0.000

OPEN

$5.00

0.000

HIGH

$5.02

1,215,247

LOW

$4.97

TARGET
$6.043 21.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . ELD . HFR . NUF . RIC . SGLLV . SHV . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
GNC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 18.2 12.4 xxx
DPS (cps) xxx 48.0 26.0 xxx
EPS Growth xxx - 34.3% - 31.6% xxx
DPS Growth xxx 0.0% - 45.8% xxx
PE Ratio xxx N/A 40.2 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 264.3% 209.3% xxx

Dividend yield today if purchased 3 years ago: 6.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.60

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: 26/11 - ex-div 24c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic 27.861.0167.7111.727.718.2
DPS All 367.018.054.054.048.048.0
Sales/Revenue 3,649.1 M5,476.7 M7,854.0 M8,214.1 M6,490.5 M7,286.8 M
Book Value Per Share 478.6527.7651.8709.9679.4647.3
Net Operating Cash Flow 30.6 M177.9 M445.0 M575.3 M130.7 M249.1 M
Net Profit Margin 0.96 %2.54 %4.84 %3.04 %0.95 %0.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed 2.40 %12.11 %28.63 %16.40 %3.99 %2.75 %
Return on Invested Capital 1.74 %9.24 %22.57 %13.37 %3.27 %2.23 %
Return on Assets 1.19 %5.82 %12.35 %7.25 %1.93 %1.42 %
Return on Equity 2.40 %12.11 %28.63 %16.40 %3.99 %2.75 %
Return on Total Capital -5.00 %12.63 %41.63 %21.49 %1.62 %10.36 %
Free Cash Flow ex dividends -47.1 M89.0 M287.7 M388.2 M-45.1 M71.0 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 241 M608 M750 M870 M588 M507 M
Long Term Debt 355 M360 M354 M337 M352 M327 M
Total Debt 596 M968 M1,104 M1,207 M940 M834 M
Goodwill - Gross 86 M86 M85 M86 M90 M90 M
Cash & Equivalents - Generic 125 M127 M322 M735 M597 M511 M
Price To Book Value 0.791.201.200.991.351.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 77.7 M54.6 M80.8 M66.3 M54.7 M72.4 M
Capex % of Sales 2.13 %1.00 %1.03 %0.81 %0.84 %0.99 %
Cost of Goods Sold 3,655 M5,084 M6,678 M7,433 M6,314 M6,895 M
Selling, General & Admin. Exp & Other 117 M148 M192 M206 M134 M149 M
Research & Development 0 M0 M0 M0 M0 M0 M
Investments - Total 148 M169 M140 M86 M62 M31 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

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

26/05/2026

1

Upgrade to Outperform from Neutral

$6.10

22.49%

With the positive shift in seasonal conditions in recent weeks, including rainfall across the wheatbelt and moderating dry conditions in northern NSW and QLD, Macquarie has upgraded GrainCorp to Outperform from Neutral on a tactical shift.

Commentary suggests the better outlook and conditions indicate a higher probability of a full planting program across the east coast of Australia.

A possible El Nino later in the year remains a risk which could reduce rainfall and weigh on final yields, the broker states.

EPS forecasts are lifted by 9% for FY26 on expected exports to 6Mt, and FY27 EPS forecast rises 31% due to GrainCorp receivals, exports and margins.

Target price increases 3% to $6.10 from $5.90 on FY26 earnings forecast changes.

FORECAST
Macquarie forecasts a full year FY26 dividend of 24.00 cents and EPS of 16.50 cents.
Macquarie forecasts a full year FY27 dividend of 28.00 cents and EPS of 21.10 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$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

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

19/05/2026

1

Buy

$6.88

38.15%

Canaccord Genuity maintains a Buy rating for GrainCorp with its target price lowered to $6.88 from $7.51 following a soft but in-line half-year result.

First-half earnings before interest, tax, depreciation and amortisation of $138m beat consensus by 3%, while the core net cash position disappointed due to a larger seasonal increase in working capital.

The agribusiness segment experienced weaker margins despite flat volume, and the nutrition and energy segment suffered a -25% earnings miss driven by mark-to-market impacts on derivatives.

Management reaffirmed FY26 earnings guidance, noting favourable winter crop planting conditions in southern states and robust global supply.

The broker notes the current share price excessively discounts the lack of a special dividend and potential margin contraction, presenting significant upside to fundamental fair value.
Access Extra Coverage Research History >

GNC STOCK CHART

FNArena News on GNC

1
Australian Broker Call *Extra* Edition – Jun 22, 2026

Jun 22 2026 - Daily Market Reports
2
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In Case You Missed It – BC Extra Upgrades & Downgrades – 05-06-26

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

Jun 05 2026 - Daily Market Reports

Latest Agriculture News

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Jun 11 2026 - Small Caps
2
Rudi’s View: Focus On El Nino

May 21 2026 - Rudi's View
3
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May 05 2026 - Treasure Chest
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Apr 13 2026 - Small Caps
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