ELDERS LIMITED (ELD)
Share Price Analysis and Chart

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ELD - ELDERS LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.26
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

$7.35

30 Nov
2023

0.030

OPEN

$7.37

0.41%

HIGH

$7.39

624,967

LOW

$7.25

TARGET
$7.728 5.1% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CGC . D2O . GNC . HFR . IPL . LGL . MWY . NAM . NUF . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
ELD: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 64.4 59.8 xxx
DPS (cps) xxx 46.0 38.1 xxx
EPS Growth xxx - 38.1% - 7.1% xxx
DPS Growth xxx - 17.9% - 17.1% xxx
PE Ratio xxx N/A 12.1 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 71.4% 63.7% xxx

Dividend yield today if purchased 3 years ago: 4.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.34

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: 21/11 - ex-div 23c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx64.4
DPS All xxxxxxxxxxxxxxx46.0
Sales/Revenue xxxxxxxxxxxxxxx3,321.4 M
Book Value Per Share xxxxxxxxxxxxxxx551.2
Net Operating Cash Flow xxxxxxxxxxxxxxx169.2 M
Net Profit Margin xxxxxxxxxxxxxxx3.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.74 %
Return on Invested Capital xxxxxxxxxxxxxxx10.13 %
Return on Assets xxxxxxxxxxxxxxx4.71 %
Return on Equity xxxxxxxxxxxxxxx11.74 %
Return on Total Capital xxxxxxxxxxxxxxx12.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx65.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx302 M
Long Term Debt xxxxxxxxxxxxxxx183 M
Total Debt xxxxxxxxxxxxxxx485 M
Goodwill - Gross xxxxxxxxxxxxxxx232 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx1.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx47.8 M
Capex % of Sales xxxxxxxxxxxxxxx1.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,717 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx448 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx80 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

0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

14/11/2023

3

Neutral

$7.20

-2.04%

UBS saw Elders delivering an in-line result (in-line with prior profit warning) and with no FY24 guidance attached. Management did state market headwinds from FY23 are likely to continue in FY24, the broker adds.

Cash generation proved "strong", which is seen as a positive following a number of periods in which cash generation had been poor.

Given El Nino outlook and weakness in cattle prices, UBS is not surprised management preferred to remain cautious. Neutral. Target $7.20.

FORECAST
UBS forecasts a full year FY24 dividend of 30.00 cents and EPS of 60.00 cents.
UBS forecasts a full year FY25 dividend of 30.00 cents and EPS of 62.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

ELD STOCK CHART

FNArena News on ELD

1
The Short Report – 23 Nov 2023

Nov 23 2023 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
3
The Short Report – 16 Nov 2023

Nov 16 2023 - Weekly Reports
4
FNArena Corporate Results Monitor – 14-11-2023

Nov 14 2023 - Australia
5
Next Week At A Glance – 13-17 Nov 2023

Nov 10 2023 - Weekly Reports

Latest Agriculture News

1
Next Week At A Glance – 27 Nov – 1 Dec 2023

Nov 24 2023 - Weekly Reports
2
Nufarm Crushes Seeds Of Doubt

May 25 2023 - Australia
3
Incitec Pivot Misses Expectations, Demerger Pending

May 18 2023 - Australia
4
Treasure Chest: Opportunities For Ridley Corp

Apr 26 2023 - Treasure Chest
5
Headwinds Linger for Select Harvests

Nov 24 2022 - Small Caps
6
United Malt Guides To Better Times Ahead

Nov 23 2022 - Small Caps
7
Nufarm Confident About Continued Growth

Nov 22 2022 - Small Caps
8
Waggaman Review Delays Incitec Pivot’s Split

Nov 17 2022 - Australia
9
Elders’ Confidence Relies On Acquisition

Nov 16 2022 - Small Caps
10
GrainCorp Looks Long-Term to Deliver Growth

Jun 28 2022 - Australia