COBRAM ESTATE OLIVES LIMITED (CBO)
Share Price Analysis and Chart

03/11/2026

1

Buy

$3.48

28.41%

Ord Minnett sees Cobram Estate Olives as announcing a good 1Q27 sales update. The Australian packaged sales were comparable to last year and in line with the analyst's forecast for around 3% revenue growth.

The COR acquisition was the major factor driving group revenue growth and consolidation with the US business has now been largely finished, the analyst explains.

Ongoing grove and facility capex will result in expected net debt to peak around $500m–$550m over FY27 and FY28 with the gearing ratio expected to fall between FY27 to FY29.

Target price slips to $3.48 from $3.58 with no change in Buy rating.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 4.50 cents and EPS of 10.80 cents.
Ord Minnett forecasts a full year FY28 dividend of 4.50 cents and EPS of 6.40 cents.

28/10/2026

2

Initiation of coverage with Overweight

$3.00

10.70%

Jarden initiates coverage on Cobram Estate Olives with an Overweight rating and a $3.00 target price.

The company operates as a vertically integrated extra virgin olive oil producer holding leadership positions in Australia and the United States following the California Olive Ranch acquisition.

Growth drivers encompass volume expansion from maturing olive groves alongside yield enhancements delivered via superior agricultural practices.

The analyst highlights significant offshore market potential within the United States driven by low per capita consumption and strong domestic positioning.

Earnings projections anticipate compound annual growth rates of 19% for EBIT and 29% for EPS across future operating periods.