ELDERS LIMITED (ELD)
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ELD

ELD - ELDERS LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 3.91
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

$7.62

17 Oct
2025

-0.060

OPEN

$7.62

-0.78%

HIGH

$7.74

615,281

LOW

$7.62

TARGET
$8.80 15.5% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . GNC . HFR . LGL . NUF . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
ELD: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 28.2 43.7 xxx
DPS (cps) xxx 35.7 36.0 xxx
EPS Growth xxx - 55.5% 55.0% xxx
DPS Growth xxx - 21.1% 0.8% xxx
PE Ratio xxx N/A 17.4 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 126.6% 82.3% xxx

Dividend yield today if purchased 3 years ago: 2.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.69

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: 17/12 - ex-div 18c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx28.2
DPS All xxxxxxxxxxxxxxx35.7
Sales/Revenue xxxxxxxxxxxxxxx3,131.3 M
Book Value Per Share xxxxxxxxxxxxxxx523.8
Net Operating Cash Flow xxxxxxxxxxxxxxx82.9 M
Net Profit Margin xxxxxxxxxxxxxxx1.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.29 %
Return on Invested Capital xxxxxxxxxxxxxxx3.97 %
Return on Assets xxxxxxxxxxxxxxx2.00 %
Return on Equity xxxxxxxxxxxxxxx5.29 %
Return on Total Capital xxxxxxxxxxxxxxx7.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx348 M
Long Term Debt xxxxxxxxxxxxxxx383 M
Total Debt xxxxxxxxxxxxxxx731 M
Goodwill - Gross xxxxxxxxxxxxxxx321 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx40 M
Price To Book Value xxxxxxxxxxxxxxx1.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx47.4 M
Capex % of Sales xxxxxxxxxxxxxxx1.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,508 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx510 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx66 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

1.0

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%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

10/10/2025

-1

No Rating

-

The Australian Competition and Consumer Commission (ACCC) has approved Elders’ acquisition of Delta Ag. Six Western Australian branches need to be divested for an immaterial EBIT impact, notes Macquarie. Completion is set for November 3.

The broker highlights Elders’ FY25 earnings (EBIT) guidance of $142-146m is -9-11% below its and consensus forecasts. This reflects weaker crop protection demand from dry conditions in SA and western Victoria, partly offset by stronger fourth quarter recovery.

Macquarie cuts its FY25 and FY26 earnings forecasts by -12% each, and FY27-29 forecasts by -7% to -10%, citing weaker agchem margins and a one-month delay in Delta Ag’s inclusion.

Research restrictions apply to Macquarie's rating and target price.

FORECAST
Macquarie forecasts a full year FY25 dividend of 36.00 cents and EPS of 45.50 cents.
Macquarie forecasts a full year FY26 dividend of 36.00 cents and EPS of 56.90 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

Canaccord Genuity

15/10/2025

1

Buy

$8.15

6.96%

Canaccord Genuity observes the latest Elders' FY25 earnings guidance infers a consensus downgrade in earnings (EBIT) of -13%, which appears to have stemmed from a softer contribution from crop protection chemicals in the retail products segment.

Positively, trading conditions in the crop protection segment have since improved with better demand and lower discounting pressures from competing retailers.

The analyst believes the other segments for Elders are performing in line with expectations and is heartened by the inferred stronger cash flow conversion in 2H25.

The Delta acquisition will not be opposed, and Canaccord Genuity lowers its FY25 EPS forecast by -9% and -6% for FY26.

Target is lowered to $8.15 from $8.22. No change to Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 36.00 cents and EPS of 48.90 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 36.00 cents and EPS of 54.60 cents.
Access Extra Coverage Research History >

ELD STOCK CHART

FNArena News on ELD

1
Rudi’s View: Small Caps, Quality, Gold, Balance & Maximum Diversification

Oct 16 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Oct 16, 2025

Oct 16 2025 - Daily Market Reports
3
Elders To Fly With Delta

Oct 13 2025 - Australia
4
Next Week At A Glance – 13-17 Oct 2025

Oct 10 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Oct 07, 2025

Oct 07 2025 - Daily Market Reports

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