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    BGA   AU000000BGA8

BEGA CHEESE LIMITED

(BGA)
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Delayed Australian Stock Exchange  -  05/27 02:11:01 am EDT
4.690 AUD   -1.05%
05/25Bega Cheese Begins Search for Potential Buyers for Port Melbourne Property
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04/19BEGA CHEESE : Application for quotation of securities - BGA
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Australia's Bega Cheese shares dive as COVID-19 impact prompts profit warning

12/22/2021 | 07:23pm EDT

Dec 23 (Reuters) - Shares of Bega Cheese tumbled to a four-month low on Thursday after the company warned of a hit to its 2022 fiscal earnings from strong competition for dairy supply in Australia, high global prices and impact from the coronavirus.

The warning sent the cheesemaker's shares down as much as 9.3% to A$5.10 in their worst intraday session since March 2020.

The company expects FY2022 normalised EBITDA to come in a range of A$195 million to A$215 million ($140.67 million-$155.10 million), lower than Refinitiv's consensus estimate of A$221.8 million.

Bega said the COVID-19 impact has been "extensive and significant", ranging from market disruption in Australian food service channels as a result of lockdowns to major cost increases and shortages across the entire supply chain.

Farm milk supply across the Australian dairy industry remains flat to lower despite positive seasonal conditions, with strong competition for supply continuing, the company said.

"Expect upward pressure on farm gate milk prices to remain for the balance of the year," Bega said in a statement.

($1 = 1.3862 Australian dollars) (Reporting by Arundhati Dutta in Bengaluru)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BEGA CHEESE LIMITED -1.05% 4.69 Delayed Quote.-17.28%
CHEESE FUTURES (CSC) - CMG (ELECTRONIC)/C1 -0.08% 2.41 End-of-day quote.37.20%
CLASS III MILK FUTURES (DC) - CMG (ELECTRONIC)/C1 0.00% 25.19 End-of-day quote.36.75%
CLASS IV MILK?FUTURES (GDK) - CMG (ELECTRONIC)/C1 0.00% 25.07 End-of-day quote.26.17%
DRY WHEY?FUTURES (DY) - CMG (ELECTRONIC)/C1 0.52% 67.4 End-of-day quote.4.93%
NONFAT DRY MILK FUTURES (GNF) - CMG (ELECTRONIC)/C1 0.00% 181.75 End-of-day quote.17.58%
S&P GSCI CLASS III MILK (USD) 0.94% 186.7882 Real-time Quote.18.73%
All news about BEGA CHEESE LIMITED
05/25Bega Cheese Begins Search for Potential Buyers for Port Melbourne Property
MT
04/19BEGA CHEESE : Application for quotation of securities - BGA
PU
03/29BEGA CHEESE : Becoming a substantial holder from PPT
PU
03/10UBS Upgrades Bega Cheese to Buy From Neutral, Adjusts Price Target to AU$5.40 From AU$5..
MT
03/10BEGA CHEESE : Notification regarding unquoted securities - BGA
PU
03/01BEGA CHEESE : Application for quotation of securities - BGA
PU
03/01BEGA CHEESE : Notification regarding unquoted securities - BGA
PU
03/01BEGA CHEESE LIMITED : Ex-dividend day for interim dividend
FA
02/24Bega Cheese Grows Fiscal H1 Profit as Revenue More than Doubles
MT
02/23TRANSCRIPT : Bega Cheese Limited, H1 2022 Earnings Call, Feb 24, 2022
CI
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Analyst Recommendations on BEGA CHEESE LIMITED
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Financials
Sales 2022 3 009 M 2 153 M 2 153 M
Net income 2022 44,4 M 31,7 M 31,7 M
Net Debt 2022 389 M 278 M 278 M
P/E ratio 2022 31,5x
Yield 2022 2,31%
Capitalization 1 422 M 1 018 M 1 018 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,56x
Nbr of Employees 1 800
Free-Float 88,3%
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Technical analysis trends BEGA CHEESE LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 4,69 AUD
Average target price 5,65 AUD
Spread / Average Target 20,4%
EPS Revisions
Managers and Directors
Paul van Heerwaarden Chief Executive Officer
Peter Maxwell Findlay Chief Financial Officer
Barry Andrew Irvin Executive Chairman
Raelene Murphy Independent Non-Executive Director
Terry Xavier O'Brien Independent Non-Executive Director
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