BEGA CHEESE LIMITED (BGA)
Share Price Analysis and Chart

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BGA - BEGA CHEESE LIMITED

FNArena Sector : Dairy
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Index: ASX200 | ASX300 | ALL-ORDS

Bega Cheese is an Australian food company specialising in dairy products and spreads. Founded in 1899 as an agricultural cooperative, it became a listed company in 2011. Brought Vegemite back under local ownership.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.65

29 Nov
2021

0.020

OPEN

$5.58

0.36%

HIGH

$5.69

754,453

LOW

$5.56

TARGET
$6.415 13.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A2M . MGC . FSF . SM1 . NUC . BUB . BFC . TFL . NUC .
FNARENA'S MARKET CONSENSUS FORECASTS
BGA: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 27.3 25.5 xxx
DPS (cps) xxx 10.0 12.0 xxx
EPS Growth xxx 100.0% - 6.8% xxx
DPS Growth xxx 1.7% 20.0% xxx
PE Ratio xxx N/A 21.6 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 36.6% 47.2% xxx

Dividend yield today if purchased 3 years ago: 1.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.82

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: 01/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx27.3
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx2,073.4 M
Book Value Per Share xxxxxxxxxxxxxxx416.6
Net Operating Cash Flow xxxxxxxxxxxxxxx111.4 M
Net Profit Margin xxxxxxxxxxxxxxx3.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx6.96 %
Return on Invested Capital xxxxxxxxxxxxxxx5.15 %
Return on Assets xxxxxxxxxxxxxxx3.69 %
Return on Equity xxxxxxxxxxxxxxx6.96 %
Return on Total Capital xxxxxxxxxxxxxxx4.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx65.9 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
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

30/08/2021

1

Add

$6.53

15.58%

Morgans assesses a solid FY21 result which beat expectations and further earnings growth is targeted in FY22, given a full year of the Lion Dairy & Drinks acquisition. The broker retains its Add rating and lifts its target to $6.53 from $6.35, due to a lower-than expected debt position.

The analyst points out branded sales are now over 73% of group sales, up from 59% in FY20. With a full year of LD&D, branded sales are expected to represent over 80% of group sales in FY22.

The broker cautions challenges remain around competition for milk, record high farmgate milk prices, and covid lockdowns are impacting the higher margin convenience and food service channels.

FORECAST
Morgans forecasts a full year FY22 dividend of 11.00 cents and EPS of 25.00 cents.
Morgans forecasts a full year FY23 dividend of 12.00 cents and EPS of 30.00 cents.

BGA STOCK CHART