ELDERS LIMITED (ELD)
Share Price Analysis and Chart

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ELD - ELDERS LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.26
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

$8.93

28 Feb
2024

0.010

OPEN

$9.04

0.11%

HIGH

$9.12

661,575

LOW

$8.89

TARGET
$7.92 -11.3% downside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . D2O . GNC . HFR . IPL . LGL . MWY . NAM . NUF . RIC . SGLLV . SHV . TFL . WLD .
FNARENA'S MARKET CONSENSUS FORECASTS
ELD: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 60.6 xxx
DPS (cps) xxx N/A 38.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 15.0 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx N/A 63.5% xxx

Dividend yield today if purchased 3 years ago: 4.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.05

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: 21/11 - ex-div 23c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx64.4
DPS All xxxxxxxxxxxxxxx46.0
Sales/Revenue xxxxxxxxxxxxxxx3,321.4 M
Book Value Per Share xxxxxxxxxxxxxxx551.2
Net Operating Cash Flow xxxxxxxxxxxxxxx169.2 M
Net Profit Margin xxxxxxxxxxxxxxx3.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.74 %
Return on Invested Capital xxxxxxxxxxxxxxx10.13 %
Return on Assets xxxxxxxxxxxxxxx4.71 %
Return on Equity xxxxxxxxxxxxxxx11.74 %
Return on Total Capital xxxxxxxxxxxxxxx12.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx65.8 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 xxxxxxxxxxxxxxx302 M
Long Term Debt xxxxxxxxxxxxxxx183 M
Total Debt xxxxxxxxxxxxxxx485 M
Goodwill - Gross xxxxxxxxxxxxxxx232 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx1.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx47.8 M
Capex % of Sales xxxxxxxxxxxxxxx1.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,717 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx448 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx80 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

0.2

No. Of Recommendations

6
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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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

14/11/2023

5

Sell

$7.30

-18.25%

Elders FY23 result appears to have outpaced Citi's forecasts, particularly given challenging seasonal conditions and agri-input and livestock prices.

Citi, previously a sceptic, now expresses greater confidence in the company's earnings prognosis, particularly given the Elders' backward integration and diversification.

The company's demonstrated resilience to tough conditions in FY23 bodes well for FY24 posits the broker and guidance suggest the company's earnings (EBIT) are tracking 17% to 22% above consensus forecasts.

Rating is upgraded to Neutral from Sell. Target price rises to $7.30 from $6.

FORECAST
Citi forecasts a full year FY24 dividend of 47.00 cents and EPS of 66.70 cents.
Citi forecasts a full year FY25 dividend of 50.00 cents and EPS of 71.30 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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ELD STOCK CHART