BEGA CHEESE LIMITED (BGA)
Share Price Analysis and Chart

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BGA - BEGA CHEESE LIMITED

FNArena Sector : Dairy
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 4.25
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

$4.05

17 Apr
2024

0.030

OPEN

$4.01

0.75%

HIGH

$4.08

265,267

LOW

$4.01

TARGET
$4.288 5.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A2M . BFC . BUB . FSF . NUC . NUC . SM1 . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
BGA: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 10.2 xxx
DPS (cps) xxx N/A 7.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 39.6 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx N/A 75.2% xxx

Dividend yield today if purchased 3 years ago: 1.17%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.86

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: 27/02 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-75.7
DPS All xxxxxxxxxxxxxxx7.5
Sales/Revenue xxxxxxxxxxxxxxx3,376.0 M
Book Value Per Share xxxxxxxxxxxxxxx329.9
Net Operating Cash Flow xxxxxxxxxxxxxxx8.2 M
Net Profit Margin xxxxxxxxxxxxxxx-6.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-20.29 %
Return on Invested Capital xxxxxxxxxxxxxxx-14.75 %
Return on Assets xxxxxxxxxxxxxxx-10.19 %
Return on Equity xxxxxxxxxxxxxxx-20.29 %
Return on Total Capital xxxxxxxxxxxxxxx0.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-79.6 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 xxxxxxxxxxxxxxx17 M
Long Term Debt xxxxxxxxxxxxxxx450 M
Total Debt xxxxxxxxxxxxxxx467 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx66 M
Price To Book Value xxxxxxxxxxxxxxx0.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx68.1 M
Capex % of Sales xxxxxxxxxxxxxxx2.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,720 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx648 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

4
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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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

23/02/2024

3

Upgrade to Hold from Lighten

$3.70

-8.64%

Following Bega Cheese's 1H results, Ord Minnett upgrades its rating to Hold from Lighten and increases its target to $3.70 from $3.00. Normalised earnings (EBITDA) rose by 3% to $76.5m compared to the analysts' forecast for $62.7m.

The broker notes the financial performance of the Branded segment improved, offset by Bulk which experienced soft market conditions. The outlook for Bulk is improving, according to the company, following a recent rally for commodity prices.

A fully franked interim dividend of 4.0cps was declared. FY24 guidance for normalised EBITDA of $160-170m was maintained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 7.00 cents and EPS of 9.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 10.50 cents and EPS of 16.80 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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BGA STOCK CHART