SCL Stock Overview

Engages in manufacture and trading of food ingredients in New Zealand, Asia, Europe, North America, and internationally. More details

SCL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 64.2% below our estimate of its fair value

Earnings are forecast to grow 17.43% per year

Earnings grew by 486.9% over the past year

Risk Analysis

No risks detected for SCL from our risk checks.

Scales Corporation Limited Competitors

Livestock Improvement

NZSE:LIC

NZ$149.5m

Seeka

NZSE:SEK

NZ$154.2m

PGG Wrightson

NZSE:PGW

NZ$135.1m

Allied Farmers

NZSE:ALF

NZ$21.9m

Price History & Performance

Summary of share price highs, lows and changes for Scales
Historical stock prices
Current Share Price	NZ$4.30
52 Week High	NZ$4.37
52 Week Low	NZ$3.03
Beta	0.020
1 Month Change	3.61%
3 Month Change	5.91%
1 Year Change	28.36%
3 Year Change	-14.34%
5 Year Change	-8.90%
Change since IPO	172.15%

We Think That There Are Issues Underlying Scales' (NZSE:SCL) Earnings

Mar 07

Expansion In Premium Apples And Logistics Will Strengthen Future Prospects

Feb 09 Expansion into premium apple varieties and new orchards aims to boost Horticulture revenues, margins, and future earnings significantly.

Recent updates

Scales Corporation Limited Just Missed Earnings - But Analysts Have Updated Their Models

Mar 01

Does Scales Corporation Limited (NZSE:SCL) Have A Place In Your Dividend Stock Portfolio?

Feb 16

Scales Corporation Limited (NZSE:SCL) Stock's On A Decline: Are Poor Fundamentals The Cause?

Jan 29

It Might Not Be A Great Idea To Buy Scales Corporation Limited (NZSE:SCL) For Its Next Dividend

Dec 31

Here's What Scales Corporation Limited's (NZSE:SCL) Shareholder Ownership Structure Looks Like

Dec 24

Did You Participate In Any Of Scales' (NZSE:SCL) Fantastic 187% Return ?

Nov 26

Shareholder Returns

	SCL	NZ Food	NZ Market
7D	0%	-2.6%	0.8%
1Y	28.4%	51.1%	-0.9%

Return vs Industry: SCL underperformed the NZ Food industry which returned 51.1% over the past year.

Return vs Market: SCL exceeded the NZ Market which returned -0.9% over the past year.

Price Volatility

Is SCL's price volatile compared to industry and market?
SCL volatility
SCL Average Weekly Movement	3.1%
Food Industry Average Movement	4.4%
Market Average Movement	4.3%
10% most volatile stocks in NZ Market	9.9%
10% least volatile stocks in NZ Market	2.9%

Stable Share Price: SCL has not had significant price volatility in the past 3 months compared to the NZ market.

Volatility Over Time: SCL's weekly volatility (3%) has been stable over the past year.

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

Scales

Analyst Price Target

Consensus Narrative from 2 Analysts

Acquisitions And Expansions Will Boost Global Proteins And Horticulture Operations In Future

Key Takeaways Strategic investments in premium apple varieties and logistics are expected to boost revenues and margins in Horticulture and Logistics segments over the coming years. Expansion and profitability in Global Proteins, including Meateor Australia and Esro Petfood, will enhance earnings and contribute to overall EBITDA growth by 2025.

View narrative

NZ$4.70

8.5% undervalued

6.47%

Revenue growth p.a.

6 days ago

View Scales Community

About the Company

Founded	Employees	CEO	Website
1897	n/a	Andy Borland	scalescorporation.co.nz

Scales Corporation Limited engages in manufacture and trading of food ingredients in New Zealand, Asia, Europe, North America, and internationally. It operates through Global Proteins, Horticulture, Logistics, and Other segments. The company processes and markets pet food ingredients, edible meat, and offal products; and orchards, fruit packing, and juice concentrate.

Scales Corporation Limited Fundamentals Summary

How do Scales's earnings and revenue compare to its market cap?
SCL fundamental statistics
Market cap	NZ$621.66m
Earnings (TTM)	NZ$30.73m
Revenue (TTM)	NZ$584.63m

20.1x

P/E Ratio

1.1x

P/S Ratio

Is SCL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SCL income statement (TTM)
Revenue	NZ$584.63m
Cost of Revenue	NZ$439.60m
Gross Profit	NZ$145.03m
Other Expenses	NZ$114.30m
Earnings	NZ$30.73m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.21
Gross Margin	24.81%
Net Profit Margin	5.26%
Debt/Equity Ratio	10.8%

How did SCL perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

44%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/02 05:29
End of Day Share Price	2025/04/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Scales Corporation Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christian Bell	Credit Suisse
Adrian Allbon	Deutsche Bank
Montgomerie Matt	Forsyth Barr Group Ltd.

SCL Stock Overview

Rewards

Risk Analysis

Scales Corporation Limited Competitors

NZSE:LIC

NZ$149.5m

NZSE:SEK

NZ$154.2m

NZSE:PGW

NZ$135.1m

NZSE:ALF

NZ$21.9m

Price History & Performance

Recent News & Updates

Scales Corporation Limited, Annual General Meeting, Jun 10, 2025

We Think That There Are Issues Underlying Scales' (NZSE:SCL) Earnings

Full year 2024 earnings released: EPS: NZ$0.22 (vs NZ$0.037 in FY 2023)

Expansion In Premium Apples And Logistics Will Strengthen Future Prospects

Scales Corporation Limited to Report Fiscal Year 2024 Results on Feb 26, 2025

Upcoming dividend of NZ$0.085 per share

Recent updates

Scales Corporation Limited, Annual General Meeting, Jun 10, 2025

We Think That There Are Issues Underlying Scales' (NZSE:SCL) Earnings

Full year 2024 earnings released: EPS: NZ$0.22 (vs NZ$0.037 in FY 2023)

Expansion In Premium Apples And Logistics Will Strengthen Future Prospects

Scales Corporation Limited to Report Fiscal Year 2024 Results on Feb 26, 2025

Upcoming dividend of NZ$0.085 per share

First half dividend of NZ$0.085 announced

Non-Executive Independent Director recently bought NZ$194k worth of stock

Scales' (NZSE:SCL) Solid Earnings May Rest On Weak Foundations

First half 2024 earnings released: EPS: NZ$0.20 (vs NZ$0.027 in 1H 2023)

Scales Corporation Limited to Report First Half, 2024 Results on Aug 28, 2024

Scales Corporation Limited Announces Management Changes

Final dividend of NZ$0.05 announced

Scales Corporation Limited, Annual General Meeting, Jun 05, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Scales Corporation Limited to Report Fiscal Year 2023 Results on Feb 22, 2024

Upcoming dividend of NZ$0.05 per share at 5.5% yield

Scales (NZSE:SCL) Has A Pretty Healthy Balance Sheet

First half 2023 earnings released: EPS: NZ$0.027 (vs NZ$0.18 in 1H 2022)

Price target decreased by 8.8% to NZ$3.56

Scales Corporation Limited to Report First Half, 2023 Results on Aug 23, 2023

Scales' (NZSE:SCL) Dividend Will Be NZ$0.1118

Upcoming dividend of NZ$0.11 per share at 6.0% yield

Scales (NZSE:SCL) Is Due To Pay A Dividend Of NZ$0.1118

Scales Corporation Limited Announces Retirement of Mark Hutton Retired as Director

Scales (NZSE:SCL) Is Due To Pay A Dividend Of NZ$0.1118

Non Executive Independent Director recently bought NZ$143k worth of stock

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of NZ$0.041 per share at 5.8% yield

Non Executive Independent Director recently bought NZ$341k worth of stock

Full year 2022 earnings released: EPS: NZ$0.14 (vs NZ$0.19 in FY 2021)

Investor sentiment deteriorates as stock falls 19%

Scales Corporation Limited to Report Fiscal Year 2022 Results on Feb 23, 2023

Upcoming dividend of NZ$0.071 per share

Is Scales (NZSE:SCL) A Risky Investment?

Price target decreased to NZ$4.15

Scales Corporation Limited Announces Half Year Cash Distribution, Payable on January 16, 2023

Insider recently sold NZ$65k worth of stock

Consensus forecasts updated

Price target decreased to NZ$4.55

First half 2022 earnings released: EPS: NZ$0.18 (vs NZ$0.20 in 1H 2021)

Scales Corporation Limited to Report Q2, 2022 Results on Aug 24, 2022

Upcoming dividend of NZ$0.11 per share

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Upcoming dividend of NZ$0.11 per share

Group Health & Safety recently sold NZ$359k worth of stock

Insider recently sold NZ$107k worth of stock

Chief Executive Officer of Mr Apple recently sold NZ$416k worth of stock

Chief Financial Officer recently sold NZ$201k worth of stock

First half 2021 earnings released: EPS NZ$0.20 (vs NZ$0.18 in 1H 2020)

CEO, MD & Executive Director recently sold NZ$1.1m worth of stock

Upcoming dividend of NZ$0.11 per share

Estimating The Fair Value Of Scales Corporation Limited (NZSE:SCL)

Consensus forecasts updated

Is Scales (NZSE:SCL) A Risky Investment?

Scales Corporation Limited Just Missed Earnings - But Analysts Have Updated Their Models

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS NZ$0.15 (vs NZ$0.32 in FY 2019)