ELDERS LIMITED (ELD)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$6.37

16 Jun
2025

0.000

OPEN

$6.37

0.000

HIGH

$6.37

0

LOW

$6.37

TARGET
$8.788 38.0% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . D2O . 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 53.0 xxx
DPS (cps) xxx 35.7 36.0 xxx
EPS Growth xxx - 55.5% 87.8% xxx
DPS Growth xxx - 21.1% 0.8% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 126.6% 68.0% xxx

Dividend yield today if purchased 3 years ago: 2.81%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.61

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

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

04/06/2025

-1

No Rating

-

Macquarie notes Australia's seasonal conditions are mixed, with Northern and North East regions receiving above-average rainfall while South Australia and Western Victoria saw below-average rainfall.

The broker lifted Elders' FY25-29 EPS forecast by 3.5-4.0% on lower share count estimates, partly offset by higher interest expenses from Delta acquisition, and tax. The impact on EBIT is less than 1%.

Due to research restrictions, Macquarie is unable to provide a rating or target price.

FORECAST
Macquarie forecasts a full year FY25 dividend of 36.00 cents and EPS of 51.90 cents.
Macquarie forecasts a full year FY26 dividend of 36.00 cents and EPS of 64.40 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$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 >
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

28/05/2025

1

Upgrade to Overweight from Market Weight

$8.22

29.04%

Wilsons saw how Elders posted a soft 1H25, with EBITDA below forecast and working capital pressure continuing to build.

Despite solid cost control, earnings fell short. Gross profit missed by -4%, dragged lower by Retail Products. Operating cash flow halved year-on-year, and leverage is now forecast to push past the group’s comfort zone .

Yet, Wilsons sees upside. While timing of the ACCC’s decision on the proposed acquisition of Delta Agricultural (due 29 May) looms as a swing factor, the broker argues the market is too focused on risk, ignoring Elders’ through-the-cycle earnings capacity and potential step-up in FY26-27 as Delta integrates.

System upgrades remain a known wildcard. The broker's price target drops to $8.22 but rating is upgraded to Overweight from Market Weight.

On Wilsons' projections, Elders will be paying 36c in dividends to shareholders for many years into the future.

FORECAST
Wilsons forecasts a full year FY25 dividend of 36.00 cents and EPS of 53.70 cents.
Wilsons forecasts a full year FY26 dividend of 36.00 cents and EPS of 57.90 cents.
Access Extra Coverage Research History >

ELD STOCK CHART

FNArena News on ELD

1
Rudi’s View: How Expensive Is Expensive?

Jun 04 2025 - Rudi's View
2
FNArena Corporate Results Monitor – 30-05-2025

May 30 2025 - Australia
3
Next Week At A Glance – 2-6 June 2025

May 30 2025 - Weekly Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-05-25

May 30 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – May 28, 2025

May 28 2025 - Daily Market Reports

Latest Agriculture News

1
Elders Building Through-The-Cycle Resilience

May 28 2025 - Small Caps
2
Seeds Of Doubt For Nufarm

May 26 2025 - Small Caps
3
GrainCorp’s Resilience In A Trade War Backdrop

May 21 2025 - Small Caps
4
Tariffs Toasted: Advantage For Select Harvests

Apr 22 2025 - Small Caps
5
Cycle Optimism Building For Elders

Nov 20 2024 - Small Caps
6
Pros & Cons From GrainCorp’s Transformation

Nov 19 2024 - Australia
7
Uncertainty Awaits Incitec’s Pivot

Nov 13 2024 - Australia
8
Incitec Pivot Shares Eyeing $3.40

May 21 2024 - Technicals
9
Australia’s Agricultural Industry Diversifies

Dec 04 2023 - Australia
10
Next Week At A Glance – 27 Nov – 1 Dec 2023

Nov 24 2023 - Weekly Reports