GRAINCORP LIMITED (GNC)
Share Price Analysis and Chart

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GNC

GNC - GRAINCORP LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 2.3
Index: ASX200 | ASX300 | ALL-ORDS

Graincorp is an Australian company with operations in grains and oilseeds in several countries. It also provides transport and marketing services. Originally founded in 1917, it was privatised in 1992 and listed on the ASX in 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.71

21 May
2026

-0.020

OPEN

$4.79

-0.42%

HIGH

$4.80

1,640,480

LOW

$4.69

TARGET
$6.168 30.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AAC . AMN . APC . CBO . CXM . ELD . HFR . NUF . RIC . SGLLV . SHV . TFL .
FNARENA'S MARKET CONSENSUS FORECASTS
GNC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 18.2 16.8 xxx
DPS (cps) xxx 48.0 26.0 xxx
EPS Growth xxx - 34.3% - 7.8% xxx
DPS Growth xxx 0.0% - 45.8% xxx
PE Ratio xxx N/A 28.4 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 264.3% 155.2% xxx

Dividend yield today if purchased 3 years ago: 6.18%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.08

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: 26/11 - ex-div 24c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx18.2
DPS All xxxxxxxxxxxxxxx48.0
Sales/Revenue xxxxxxxxxxxxxxx7,286.8 M
Book Value Per Share xxxxxxxxxxxxxxx647.3
Net Operating Cash Flow xxxxxxxxxxxxxxx249.1 M
Net Profit Margin xxxxxxxxxxxxxxx0.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.75 %
Return on Invested Capital xxxxxxxxxxxxxxx2.23 %
Return on Assets xxxxxxxxxxxxxxx1.42 %
Return on Equity xxxxxxxxxxxxxxx2.75 %
Return on Total Capital xxxxxxxxxxxxxxx10.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx71.0 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 xxxxxxxxxxxxxxx507 M
Long Term Debt xxxxxxxxxxxxxxx327 M
Total Debt xxxxxxxxxxxxxxx834 M
Goodwill - Gross xxxxxxxxxxxxxxx90 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx511 M
Price To Book Value xxxxxxxxxxxxxxx1.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx72.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.99 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,895 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx149 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx31 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

0.1

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx 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

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

15/05/2026

2

Accumulate

$7.25

53.93%

GrainCorp produced a first half result that was ahead of Ord Minnett's estimates, while noting the erosion of the core cash position, ongoing farm input disruptions from the Middle East conflict and a poor outlook for the FY27 crop causes some concerns among investors.

The broker is concerned about the next crop, given the weather forecast, yet is less worried about the cash position which is expected to return to FY25 levels by the end of the year, and there is currently sufficient fuel and fertiliser available for the FY27 crop.

Estimates are unchanged as is the Accumulate rating and $7.25 target.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 28.00 cents and EPS of 18.20 cents.
Ord Minnett forecasts a full year FY27 dividend of 28.00 cents and EPS of 19.10 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

18/05/2026

4

Underweight

$5.50

16.77%

Jarden maintains an Underweight rating for GrainCorp with a lowered $5.50 target price following a broadly in-line half-year result.

Earnings per share forecasts for FY26 have been revised to 15.3c, yet the share price dropped -14% as market focus shifted toward drier crop conditions for FY27, commentary explains.

The report notes weak free cash flow generation is expected through FY28 due to a large spend on enterprise resource planning software.

Nutrition and Energy segment earnings were down -38% year-on-year. Management anticipates FY26 outcomes will remain below historical averages despite high canola margins.

Jarden comments asset backing provides a valuation buffer as the stock trades at a discount to both book value and net tangible assets.

FORECAST
Jarden forecasts a full year FY26 dividend of 28.00 cents and EPS of 15.30 cents.
Jarden forecasts a full year FY27 dividend of 28.00 cents and EPS of 16.10 cents.
Access Extra Coverage Research History >

GNC STOCK CHART

FNArena News on GNC

1
Rudi’s View: Focus On El Nino

May 21 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 19, 2026

May 19 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – May 18, 2026

May 18 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 15-05-26

May 18 2026 - Weekly Reports
5
FNArena Corporate Results Monitor – 15-05-2026

May 15 2026 - Australia

Latest Agriculture News

1
Rudi’s View: Focus On El Nino

May 21 2026 - Rudi's View
2
Treasure Chest: GrainCorp

May 05 2026 - Treasure Chest
3
Ridley Fertilised For Growth

Apr 13 2026 - Small Caps
4
Global Oversupply Impacts GrainCorp

Feb 09 2026 - Australia
5
Nufarm’s Growing Optimism

Nov 25 2025 - Small Caps
6
Elders To Fly With Delta

Oct 13 2025 - Australia
7
Elders Building Through-The-Cycle Resilience

May 28 2025 - Small Caps
8
Seeds Of Doubt For Nufarm

May 26 2025 - Small Caps
9
GrainCorp’s Resilience In A Trade War Backdrop

May 21 2025 - Small Caps
10
Tariffs Toasted: Advantage For Select Harvests

Apr 22 2025 - Small Caps