BEGA CHEESE LIMITED (BGA)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

BGA

BGA - BEGA CHEESE LIMITED

FNArena Sector : Dairy
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.95
Index: ASX200 | ASX300 | ALL-ORDS

Bega Cheese is an Australian food company specialising in dairy products and spreads. Founded in 1899 as an agricultural cooperative, it became a listed company in 2011. Brought Vegemite back under local ownership.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.65

27 Aug
2025

0.040

OPEN

$5.65

0.71%

HIGH

$5.65

397,990

LOW

$5.59

TARGET
$6.256 10.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A2M . BFC . BUB . NUC . NUC . SM1 . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
BGA: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 2.8 21.5 xxx
DPS (cps) xxx 12.0 14.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 50.0% 18.5% xxx
PE Ratio xxx N/A 26.7 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx N/A 66.1% xxx

Dividend yield today if purchased 3 years ago: 2.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.09

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: 03/09 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-2.8
DPS All xxxxxxxxxxxxxxx12.0
Sales/Revenue xxxxxxxxxxxxxxx3,539.0 M
Book Value Per Share xxxxxxxxxxxxxxx321.2
Net Operating Cash Flow xxxxxxxxxxxxxxx165.0 M
Net Profit Margin xxxxxxxxxxxxxxx-0.24 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-0.85 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.60 %
Return on Assets xxxxxxxxxxxxxxx-0.41 %
Return on Equity xxxxxxxxxxxxxxx-0.85 %
Return on Total Capital xxxxxxxxxxxxxxx4.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx48.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx19 M
Long Term Debt xxxxxxxxxxxxxxx421 M
Total Debt xxxxxxxxxxxxxxx440 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx121 M
Price To Book Value xxxxxxxxxxxxxxx1.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx94.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.67 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,809 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx672 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

Bell Potter

22/08/2025

1

Buy

$7.00

23.89%

Bell Potter highlights Bega Cheese announced a beat on FY25 earnings (EBITDA) at $202m, coming in above guidance, just at the top end of $200m, a rise of 23% on the prior year.

Underlying net profit after tax rose 74%, which missed the analyst's forecast, with an unusually higher 2H25 tax rate for non-recurring charges of -$3m.

Lease adj cash flow was better than expected, and operating cash flow included a -$5.7m repayment of a trade receivable facility.

Bell Potter views the recent restructuring as offering a pathway to the earnings (EBITDA) target of $250-$270m, and if successful, would imply a share price of $8 to $9 at the stock's historical valuation multiple.

Target unchanged at $7. Buy.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 12.00 cents and EPS of 21.10 cents.
Bell Potter forecasts a full year FY27 dividend of 14.00 cents and EPS of 28.00 cents.

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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

0

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
Access Extra Coverage Research History >

BGA STOCK CHART

FNArena News on BGA

1
FNArena Corporate Results Monitor – 22-08-2025

Aug 22 2025 - Australia
2
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View
3
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 25-07-25

Jul 28 2025 - Weekly Reports
5
Rudi’s View: Bega Cheese, Cettire, Harvey Norman, Sigma, SiteMinder & More

Jul 24 2025 - Rudi's View

Latest Dairy News

1
Growing Confidence in Bega Cheese

Jun 17 2025 - Small Caps
2
A2 Milks It

Feb 18 2025 - Australia
3
a2 Milk Starts Paying Dividends

Nov 27 2024 - Australia
4
Buy Call For a2 Milk

Mar 21 2024 - Technicals
5
A2 Milking It

Feb 21 2024 - Australia
6
Treasure Chest: Bega Cheese

Oct 18 2022 - Treasure Chest
7
a2 Milk Pumps Up Growth Expectations

Oct 29 2021 - Australia
8
Bega Cheese: Melting Up?

Jun 01 2021 - Technicals
9
Synlait Milk Eyes Recovery, But Risks Remain

May 26 2021 - Australia
10
A2 Milk At A Crossroad In China?

Apr 22 2021 - Australia