20 minute delayed
Join Market Matters and get full access to all our Opinion + Action
Undervalued
Morningstar Quantitative Rating as of 6 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 7.12 Fair value 8.13 One-star price 9.28
Morningstar Quantitative Rating as of 6 NOV 2026.
Morningstar Quantitative Rating as of 6 NOV 2026. The slider runs from the five-star price (7.12) to the one-star price (9.28).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 6.40 |
| Price - 12 month high | 7.77 |
| Price - 12 month low | 4.96 |
| Pricing date | 5 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.65 |
| Market capitalization | 1,378.55 |
| 12 Month High price date | 9 APR 2026 |
| 12 Month Low price date | 26 JUN 2026 |
| Volume - avg. trading volume for the last 3 months | 0.79 |
| Price - 1 Day % Change | -0.16% |
| Price - 13 week price percent change | 15.11% |
| Price - 26 week price percent change | -9.48% |
| Price - 5 Day % Change | 3.06% |
| Price - 52 week price percent change | -5.19% |
| Price - YTD price percent change | -6.57% |
| Price % Change Month To Date | 3.06% |
| EPS excluding extraordinary items - most recent fiscal year | 0.272 |
| EPS excluding extraordinary items - trailing 12 month | 0.250 |
| EPS Normalized - most recent fiscal year | 0.466 |
| Revenue/share - most recent fiscal year | 17.245 |
| Revenue/share - trailing 12 month | 17.676 |
| Book value per share - most recent fiscal year | 5.651 |
| Book value per share - most recent half-year | 5.792 |
| Book value (tangible) per share - most recent fiscal year | 2.760 |
| Book value (tangible) per share - most recent half-year | 1.452 |
| Cash per share - most recent fiscal year | 0.244 |
| Cash per share - most recent half-year | 0.408 |
| Cash Flow per share - most recent fiscal year | 0.638 |
| Cash Flow per share - trailing 12 month | 0.767 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.360 |
| EBITD per share - trailing 12 month | 0.940 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.272 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.250 |
| EPS including extraordinary items - most recent fiscal year | 0.272 |
| EPS including extraordinary items - trailing 12 month | 0.272 |
| Free Cash Flow per share - trailing 12 month | 0.601 |
| P/E excluding extraordinary items, most recent fiscal year | 25.60 |
| P/E Normalized, most recent fiscal year | 14.96 |
| Price to sales - most recent fiscal year | 0.36 |
| Price to Tangible Book - most fiscal year | 4.45 |
| Price to Free Cash Flow per Share - most recent fiscal year | 10.64 |
| Price to Cash Flow per share - trailing 12 month | 8.34 |
| Price to Book - most recent fiscal year | 1.10 |
| P/E excluding extraordinary items high, trailing 12 months | 28.27 |
| P/E excluding extraordinary items low, trailing 12 months | 16.86 |
| Net Debt, LFI | 900.98 |
| Net Debt, LFY | 547.40 |
| Dividend Yield - 5 Year Average | 5.02% |
| Dividend Yield - indicated annual dividend divided by closing price | 5.78% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 5.63% |
| Free Cash Flow - most recent fiscal year | 84.67 |
| LT debt/equity - most recent fiscal year | 22.02% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 54.73% |
| LT debt/equity - most recent half-year | 48.18% |
| Total debt/total equity - most recent half-year | 79.38% |
| Free Cash Flow - trailing 12 month | 120.49 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 3,185.79 |
| Revenue - trailing 12 month | 3,542.08 |
| EBITD - most recent fiscal year | 167.71 |
| EBITD - trailing 12 month | 188.38 |
| Earnings before taxes - most recent fiscal year | 71.56 |
| Earnings before taxes - trailing 12 month | 82.29 |
| Net Income available to common - most recent fiscal year | 50.29 |
| Net Income available to common - trailing 12 months | 56.12 |
| Earnings before taxes Normalized - most recent fiscal year | 72.36 |
| Net Income Available to Common, Normalized - most recent fiscal year | 86.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.43 |
| Net Profit Margin % - 1st historical fiscal year | 1.72% |
| Net Profit Margin % - trailing 12 month | 1.57% |
| Operating margin - 1st historical fiscal year | 3.32% |
| Operating margin - trailing 12 month | 3.42% |
| Pretax margin - trailing 12 month | 2.32% |
| Pretax margin - 1st historical fiscal year | 2.25% |
| Operating Margin - 5 year average | 4.60% |
| Pretax Margin - 5 year average | 4.35% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 3.08% |
| Free Operating Cash Flow/Revenue, TTM | 3.40% |
| Net Profit Margin - 5 year average | 3.50% |
| Return on average assets - most recent fiscal year | 2.23% |
| Return on average assets - trailing 12 month | 1.94% |
| Return on average equity - most recent fiscal year | 5.47% |
| Return on average equity - trailing 12 month | 4.90% |
| Return on average assets - 5 year average | 5.04% |
| Return on average equity - 5 year average | 12.46% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 8.89% |
| EPS growth rate, 5 year | -19.02% |
| Growth rate% - dividend, 3 year | -9.91% |
| Revenue/share (5 yr growth) | 5.46% |
| Growth rate% - Revenue, 3 year | -2.47% |
| Growth rate% - EPS, 3 year | -35.74% |
| Book value per share growth rate, 5 year | 5.90% |
| Capital Spending growth rate, 5 year | 30.17% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 3.16% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | SEP 21 | SEP 22 | SEP 23 | SEP 24 | SEP 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
We were stopped out of Elders last Friday but Mondays reversal higher is affording us another chance to get some decent risk/reward from the stock, even if we have to pay more to re-enter - we must always remember that egos add no value to either investing or trading!
We’ve had some mixed results picking turnaround stories but here goes again.! Agri business Elders has underperformed in 2026 since an awful blowout from an IT transformation program that shocked the market in May, on top of El Niño-driven agricultural headwinds. However, the steady recovery since June reflects valuation normalisation and asset sale execution, and we feel the worst could be behind this weather influenced business.
ELD -22.92%: sold off heavily after a solid 1H result that was overshadowed by management’s comments around the risk higher diesel prices pose to second-half margins as the Middle East conflict continues to drive volatility in oil markets.
ELD -6.67%: A typical sort of results day reaction for Elders (unfortunately), after reporting 1H earnings that were softer than expected, driven by weakness in its retail products business that they put down to cyclical and seasonal factors!
Elders plunged over 9% after completing the institutional component of their $246mn equity raise for the planned purchase of Delta Agribusiness at $7.85.
ELD -24.42%: the agricultural services company saw shares smacked more than 20% today after providing FY24 guidance for the first time. The first half has been hit by falling sentiment in the sector on the back of El Nino, lower crop protection prices, cheap livestock prices and a slow start to the winter crop particularly in WA.
ELDs result in November exceeded many expectations; hence, the battered stock’s had plenty of room to bounce, so far well over 60% - an attractive part franked 5% yield has helped the move. Management delivered a strong bent on the result:
We mentioned earlier that the “Christmas Rally” is usually characterised by a distinct lack of selling as opposed to aggressive waves of buying; hence, it's easy to comprehend the move by ELD yesterday. I wouldn’t want to be heavily short a potential turnaround story whose selling volume was poised to dry up in the coming few weeks, the stock could be back above $8 in the blink of an eye, hence locking in some profit after the stock's shocking year made total sense for those short.
ELD +18.28%: the agricultural services business jumped to 3-month highs on a small beat for FY23 despite some notable headwinds. Sales fell 4% to $3.3b, slightly ahead of consensus, while EBIT was just above the midpoint of guidance, the $170.8m was down 26% on FY22 but ~2% ahead of expectations.
. ELD delivered another downgrade last month, it wasn’t overly large in magnitude but for a company that’s struggling to regain investors' confidence it simply delivered another reason to sell i.e. if in doubt get out!
Trade Idea: Buy Elders Ltd (ELD) using a limit of $6.25, with stops at $5.88, around 6% risk.
Trade Idea: Buy Elders Ltd (ELD) using a limit of $6.22, with stops at $5.98, around 4% risk.
MM has no interest in ELD
MM remains neutral at best towards ELD
MM is neutral toward ELD
MM is neutral to bullish ELD
MM is neutral ELD around $9
MM is neutral to bullish toward ELD
MM is cautiously bullish on ELD short-term
MM remains neutral ELD
Elders Ltd is a farm products company with segments including Branch Network, Wholesale Products, Feed and Processing Services, and Corporate Services and Other Costs. The Branch Network generates maximum revenue and supplies rural farm inputs and production and cropping advice to primary producers and corporate farm customers. Elders operates retail services under the Elders and Ag, Horse and Pet brands and a wholesale products business supplying independently owned member stores under the AIRR brand. Feed and Processing Services includes Killara Feedlot with grain-fed beef distribution, grass-fattening operations, cow manure processing, and irrigated feed crop production, while Corporate Services and Other Costs covers general investment and administrative corporate office activities.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
JOIN NOW
Something went wrong. Please try again in a moment.
