SELECT HARVESTS LIMITED (SHV)
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SHV - SELECT HARVESTS LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: -13.44
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.63

21 Nov
2024

0.050

OPEN

$3.61

1.40%

HIGH

$3.66

266,345

LOW

$3.58

TARGET
$4.40 21.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . D2O . ELD . GNC . HFR . IPL . LGL . MWY . NUF . RIC . SGLLV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
SHV: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 93.4 1.8 xxx
DPS (cps) xxx 0.0 0.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 204.4 xxx
Dividend Yield xxx N/A 0.2% xxx
Div Pay Ratio(%) xxx N/A 37.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 08/12 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-93.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx205.4 M
Book Value Per Share xxxxxxxxxxxxxxx334.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-8.2 M
Net Profit Margin xxxxxxxxxxxxxxx-55.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-24.62 %
Return on Invested Capital xxxxxxxxxxxxxxx-13.79 %
Return on Assets xxxxxxxxxxxxxxx-11.98 %
Return on Equity xxxxxxxxxxxxxxx-24.62 %
Return on Total Capital xxxxxxxxxxxxxxx-5.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-37.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx388 M
Total Debt xxxxxxxxxxxxxxx421 M
Goodwill - Gross xxxxxxxxxxxxxxx0 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1 M
Price To Book Value xxxxxxxxxxxxxxx1.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx27.7 M
Capex % of Sales xxxxxxxxxxxxxxx13.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx232 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx18 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

08/10/2024

2

Upgrade to Accumulate from Hold

$4.60

26.72%

Post the Australian Almond Conference last week, Ord Minnett believes the issues faced by Select Harvests which resulted in an emergency capital raisings and earnings downgrade were industry systemic rather than company specific.

The company has been let off the hook for not scoring an "own goal". 

The industry is expecting a return of volumes in 2024 as well as a good start to 2025 crop season.

Better industry conditions helped raise the target price to $4.60 from $4.35 and upgrade the stock to Accumulate from Hold.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents and EPS of 2.80 cents.
Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 22.70 cents.

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Wilsons

26/09/2024

3

Downgrade to Market Weight from Overweight

$4.57

25.90%

It is Wilsons view Select Harvests announced a disappointing trading update with guidance for FY24 at the lower end of consensus despite improved almond prices.

Slower cash collection resulted in higher net debt for year-end due to problems with the transition to a new freight operator. The company's $80m equity raising will assist in lowering gearing levels and improve the balance sheet, Wilsons highlight.

Target price falls to $4.57 from $5.53 because of lower earnings forecasts from FY26 onward and higher working capital expectations.

The rating is downgraded to Market Weight from Overweight.

FORECAST
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 1.70 cents.
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 23.60 cents.
Access Extra Coverage Research History >

SHV STOCK CHART

FNArena News on SHV

1
Weekly Ratings, Targets, Forecast Changes – 11-10-24

Oct 14 2024 - Weekly Reports
2
Weekly Ratings, Targets, Forecast Changes – 27-09-24

Sep 30 2024 - Weekly Reports
3
Next Week At A Glance – 30 Sep-4 Oct 2024

Sep 27 2024 - Weekly Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-09-24

Sep 27 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Sep 26, 2024

Sep 26 2024 - Daily Market Reports

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