ELDERS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.21 AUD | -2.15% |
|
-2.96% | +9.03% |
| Apr. 19 | Elders Limited Appoints Damien Frawley as Non-Executive Director, Effective 1 July 2024 | CI |
| Apr. 09 | Citi Upgrades Elders to Buy from Neutral, Price Target is AU$8.50 | MT |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 895.2 | 1,690 | 1,914 | 1,854 | 904.4 | 1,292 | - | - |
| Enterprise Value (EV) 1 | 989.5 | 1,824 | 2,131 | 2,016 | 1,164 | 1,582 | 1,572 | 1,561 |
| P/E ratio | 11.3 x | 13.7 x | 12.8 x | 11.4 x | 8.98 x | 19.6 x | 13.3 x | 12 x |
| Yield | 2.85% | 2.03% | 3.43% | 4.73% | 7.96% | 3.73% | 4.69% | 5.03% |
| Capitalization / Revenue | 0.54 x | 0.81 x | 0.75 x | 0.54 x | 0.27 x | 0.42 x | 0.39 x | 0.37 x |
| EV / Revenue | 0.59 x | 0.87 x | 0.84 x | 0.59 x | 0.35 x | 0.51 x | 0.47 x | 0.45 x |
| EV / EBITDA | 12.6 x | 11.2 x | 10.3 x | 7.22 x | 5.1 x | 7.99 x | 6.69 x | 6.2 x |
| EV / FCF | -51.7 x | 13.5 x | 15.7 x | 22.8 x | 9.58 x | 20 x | 18.1 x | 16.9 x |
| FCF Yield | -1.94% | 7.4% | 6.37% | 4.39% | 10.4% | 4.99% | 5.51% | 5.92% |
| Price to Book | 1.82 x | 2.51 x | 2.47 x | 2.17 x | 1.05 x | 1.46 x | 1.39 x | 1.32 x |
| Nbr of stocks (in thousands) | 141,651 | 155,754 | 156,477 | 156,477 | 156,477 | 157,370 | - | - |
| Reference price 2 | 6.320 | 10.85 | 12.23 | 11.85 | 5.780 | 8.210 | 8.210 | 8.210 |
| Announcement Date | 11/10/19 | 11/15/20 | 11/14/21 | 11/13/22 | 11/12/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,667 | 2,093 | 2,549 | 3,445 | 3,321 | 3,094 | 3,315 | 3,461 |
| EBITDA 1 | 78.8 | 162.4 | 207.4 | 279.3 | 228.4 | 197.9 | 235.1 | 251.9 |
| EBIT 1 | 73.7 | 120.6 | 166.5 | 232.1 | 170.8 | 136.1 | 171 | 185.5 |
| Operating Margin | 4.42% | 5.76% | 6.53% | 6.74% | 5.14% | 4.4% | 5.16% | 5.36% |
| Earnings before Tax (EBT) 1 | 60.42 | 104.1 | 157.7 | 237.7 | 138.9 | 110.5 | 148.4 | 162.2 |
| Net income 1 | 68.94 | 122.9 | 149.8 | 162.9 | 100.8 | 68.29 | 96.2 | 107.7 |
| Net margin | 4.13% | 5.87% | 5.88% | 4.73% | 3.04% | 2.21% | 2.9% | 3.11% |
| EPS 2 | 0.5610 | 0.7930 | 0.9550 | 1.041 | 0.6440 | 0.4186 | 0.6161 | 0.6847 |
| Free Cash Flow 1 | -19.15 | 135 | 135.8 | 88.5 | 121.5 | 78.9 | 86.67 | 92.4 |
| FCF margin | -1.15% | 6.45% | 5.33% | 2.57% | 3.66% | 2.55% | 2.61% | 2.67% |
| FCF Conversion (EBITDA) | - | 83.11% | 65.47% | 31.69% | 53.19% | 39.87% | 36.86% | 36.68% |
| FCF Conversion (Net income) | - | 109.82% | 90.64% | 54.34% | 120.47% | 115.54% | 90.09% | 85.76% |
| Dividend per Share 2 | 0.1800 | 0.2200 | 0.4200 | 0.5600 | 0.4600 | 0.3063 | 0.3850 | 0.4132 |
| Announcement Date | 11/10/19 | 11/15/20 | 11/14/21 | 11/13/22 | 11/12/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 929.8 | 925.2 | 1,167 | 1,100 | 1,448 | 1,515 | 1,930 | - |
| EBITDA | 42.8 | - | 89.1 | - | - | - | - | - |
| EBIT 1 | 40.2 | - | 67.8 | 73.8 | 92.7 | 132.8 | 99.3 | 82.8 |
| Operating Margin | 4.32% | - | 5.81% | 6.71% | 6.4% | 8.77% | 5.14% | - |
| Earnings before Tax (EBT) | 33.56 | - | 58.84 | 69.26 | 88.45 | 129.4 | - | - |
| Net income | 41.58 | - | 70.9 | 68.2 | 81.6 | 91.16 | - | - |
| Net margin | 4.47% | - | 6.07% | 6.2% | 5.63% | 6.02% | - | - |
| EPS | - | 0.3370 | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/19 | 5/17/20 | 11/15/20 | 5/16/21 | 11/14/21 | 5/22/22 | 11/13/22 | 5/14/23 |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 94.3 | 134 | 217 | 161 | 260 | 290 | 280 | 269 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.197 x | 0.8257 x | 1.046 x | 0.5778 x | 1.137 x | 1.465 x | 1.191 x | 1.067 x |
| Free Cash Flow 1 | -19.1 | 135 | 136 | 88.5 | 121 | 78.9 | 86.7 | 92.4 |
| ROE (net income / shareholders' equity) | 15.9% | 21.1% | 20.7% | 18.7% | 12.1% | 8.46% | 10.8% | 11.4% |
| ROA (Net income/ Total Assets) | 6.53% | 9.56% | 8.94% | 7.97% | 5.07% | 4.58% | 5.41% | 5.59% |
| Assets 1 | 1,055 | 1,285 | 1,676 | 2,042 | 1,991 | 1,490 | 1,778 | 1,927 |
| Book Value Per Share 2 | 3.470 | 4.320 | 4.960 | 5.460 | 5.510 | 5.630 | 5.900 | 6.210 |
| Cash Flow per Share 2 | 0.8500 | 0.9200 | 0.9100 | 0.7300 | 1.080 | 0.9200 | 0.8600 | 0.8600 |
| Capex 1 | 3.72 | 7.38 | 8.22 | 25.2 | 47.8 | 46.9 | 29.1 | 26.1 |
| Capex / Sales | 0.22% | 0.35% | 0.32% | 0.73% | 1.44% | 1.51% | 0.88% | 0.75% |
| Announcement Date | 11/10/19 | 11/15/20 | 11/14/21 | 11/13/22 | 11/12/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
8.21
AUD
Average target price
8.605
AUD
Spread / Average Target
+4.81%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.03% | 843M | |
| +0.02% | 7.34B | |
| +7.85% | 3.17B | |
| -3.78% | 357M | |
| +14.12% | 296M | |
| -35.76% | 103M |
- Stock Market
- Equities
- ELD Stock
- Financials Elders Limited
