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: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.67

06 Oct
2022

0.080

OPEN

$1.61

5.03%

HIGH

$1.67

2,056

LOW

$1.60

TARGET
$1.84 10.2% upside
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . IPL . NUF . RHL . RIC . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . WLD . SGL . SGLLV . D2O . UMG . TFL . HFR . LGL .
FNARENA'S MARKET CONSENSUS FORECASTS
CBO: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx - 0.2 9.5 xxx
DPS (cps) xxx 0.0 3.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.3 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx N/A 34.7% 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 2019202020212022
EPS Basic xxxxxxxxx-0.2
DPS All xxxxxxxxx0.0
Sales/Revenue xxxxxxxxx139.6 M
Book Value Per Share xxxxxxxxx69.2
Net Operating Cash Flow xxxxxxxxx27.4 M
Net Profit Margin xxxxxxxxx-0.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2019202020212022
Return on Capital Employed xxxxxxxxx-0.29 %
Return on Invested Capital xxxxxxxxx-0.18 %
Return on Assets xxxxxxxxx-0.14 %
Return on Equity xxxxxxxxx-0.29 %
Return on Total Capital xxxxxxxxx-4.53 %
Free Cash Flow ex dividends xxxxxxxxx-20.9 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
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Sentiment Indicator

1.0

No. Of Recommendations

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

Ord Minnett

29/08/2022

1

Buy

$1.84

10.18%

FY22 rolling two-year average operating earnings beat expectations, assisted by the re-statement of prior year earnings. On a stand-alone basis FY22 EBITDA missed Ord Minnett's forecast, largely because of a loss in the emerging US market and flat underlying gross margins in Australia.

Another loss is expected in the US in FY23, albeit smaller, the broker adds. With most competing brands raising prices by 10-30% in Australia in 2022, Ord Minnett believes Cobram Estate Olives' brands are well-placed to grow existing share of supermarket sales.

Buy rating target retained. Target is reduced to $1.84 from $1.94.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 3.30 cents and EPS of 9.50 cents.
Ord Minnett forecasts a full year FY24 dividend of 3.30 cents and EPS of 2.90 cents.

CBO STOCK CHART