COBRAM ESTATE OLIVES LIMITED (CBO)
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CBO - COBRAM ESTATE OLIVES LIMITED

FNArena Sector : Agriculture
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.00

07 Dec
2021

-0.030

OPEN

$2.05

-1.48%

HIGH

$2.07

8,039,465

LOW

$2.00

TARGET
$2.21 10.5% upside
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . IPL . NUF . RHL . RIC . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . ABR . WLD . SGL . D2O . UMG . TFL . HFR . LGL .
FNARENA'S MARKET CONSENSUS FORECASTS
CBO: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 8.4 2.2 xxx
DPS (cps) xxx 3.3 3.3 xxx
EPS Growth xxx N/A - 73.9% xxx
DPS Growth xxx N/A 0.0% xxx
PE Ratio xxx N/A 92.7 xxx
Dividend Yield xxx N/A 1.6% xxx
Div Pay Ratio(%) xxx 39.1% 150.0% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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
HISTORICAL DATA ARE ALL IN AUD
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Title 201920202021
EPS Basic xxxxxx8.4
DPS All xxxxxx3.3
Sales/Revenue xxxxxx140.0 M
Book Value Per Share xxxxxx49.2
Net Operating Cash Flow xxxxxx16.3 M
Net Profit Margin xxxxxx23.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021
Return on Capital Employed xxxxxx19.39 %
Return on Invested Capital xxxxxx9.78 %
Return on Assets xxxxxx7.68 %
Return on Equity xxxxxx19.39 %
Return on Total Capital xxxxxx-3.63 %
Free Cash Flow ex dividends xxxxxx-2.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

08/10/2021

1

Initiation of coverage with Buy

$2.21

10.50%

Ord Minnett initiates coverage on Cobram Estate Olives with a Buy rating and $2.21 price target. With full ownership of land and production assets, the company is considered to have developed a globally significant and vertically integrated extra-virgin olive oil operation.

According to the analyst, the Cobram Estate and Red Island brands are number 1 & 4 in terms of supermarket sales, and have consistently achieved higher retail prices over time.

Importantly, the broker points to a strong competitive advantage. This is considered to spring from the lowest quartile cost of production globally, a premium positioning and an over ten year time advantage in terms of orchard development.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 3.30 cents and EPS of 2.20 cents.
Ord Minnett forecasts a full year FY23 dividend of 3.50 cents and EPS of 11.50 cents.

CBO STOCK CHART