Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$5.34|
|52 Week High||AU$4.93|
|52 Week Low||AU$6.60|
|1 Month Change||-0.19%|
|3 Month Change||2.50%|
|1 Year Change||4.30%|
|3 Year Change||-10.40%|
|5 Year Change||11.72%|
|Change since IPO||190.22%|
Recent News & Updates
Is Bega Cheese (ASX:BGA) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is Bega Cheese Limited (ASX:BGA) Trading At A 27% Discount?
In this article we are going to estimate the intrinsic value of Bega Cheese Limited ( ASX:BGA ) by taking the forecast...
Is Bega Cheese Limited (ASX:BGA) A Smart Pick For Income Investors?
Could Bega Cheese Limited ( ASX:BGA ) be an attractive dividend share to own for the long haul? Investors are often...
|BGA||AU Food||AU Market|
Return vs Industry: BGA underperformed the Australian Food industry which returned 5.6% over the past year.
Return vs Market: BGA underperformed the Australian Market which returned 24.4% over the past year.
Stable Share Price: BGA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BGA's weekly volatility (3%) has been stable over the past year.
About the Company
|1899||1,800||Paul van Heerwaarden||https://www.begacheese.com.au|
Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia. The company operates in two segments, Branded and Bulk. The Branded segment manufactures value added consumer products for owned and externally owned brands.
Bega Cheese Fundamentals Summary
|BGA fundamental statistics|
Is BGA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BGA income statement (TTM)|
|Cost of Revenue||AU$1.61b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||3.48%|
How did BGA perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is Bega Cheese undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BGA (A$5.34) is trading below our estimate of fair value (A$6.2)
Significantly Below Fair Value: BGA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BGA is poor value based on its PE Ratio (22.4x) compared to the Australian Food industry average (21.3x).
PE vs Market: BGA is poor value based on its PE Ratio (22.4x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: BGA is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: BGA is good value based on its PB Ratio (1.3x) compared to the AU Food industry average (1.7x).
How is Bega Cheese forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BGA's forecast earnings growth (13.1% per year) is above the savings rate (1.9%).
Earnings vs Market: BGA's earnings (13.1% per year) are forecast to grow faster than the Australian market (12.4% per year).
High Growth Earnings: BGA's earnings are forecast to grow, but not significantly.
Revenue vs Market: BGA's revenue (11.8% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: BGA's revenue (11.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BGA's Return on Equity is forecast to be low in 3 years time (7.7%).
How has Bega Cheese performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BGA has a large one-off gain of A$30.8M impacting its June 30 2021 financial results.
Growing Profit Margin: BGA's current net profit margins (3.5%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: BGA's earnings have declined by 20.6% per year over the past 5 years.
Accelerating Growth: BGA's earnings growth over the past year (239%) exceeds its 5-year average (-20.6% per year).
Earnings vs Industry: BGA earnings growth over the past year (239%) exceeded the Food industry 45.2%.
Return on Equity
High ROE: BGA's Return on Equity (5.7%) is considered low.
How is Bega Cheese's financial position?
Financial Position Analysis
Short Term Liabilities: BGA's short term assets (A$833.4M) exceed its short term liabilities (A$684.9M).
Long Term Liabilities: BGA's short term assets (A$833.4M) exceed its long term liabilities (A$540.5M).
Debt to Equity History and Analysis
Debt Level: BGA's debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: BGA's debt to equity ratio has increased from 19.2% to 31.1% over the past 5 years.
Debt Coverage: BGA's debt is well covered by operating cash flow (28.4%).
Interest Coverage: BGA's interest payments on its debt are well covered by EBIT (11x coverage).
What is Bega Cheese current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BGA's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: BGA's dividend (1.87%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: BGA's dividends per share have been stable in the past 10 years.
Growing Dividend: BGA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.6%), BGA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BGA's dividends in 3 years are forecast to be covered by earnings (51.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul van Heerwaarden
Mr. Paul van Heerwaarden, MBA, CPA, BBus (Acct), has been Chief Executive Officer of Bega Cheese Limited since February 1, 2017. Mr. van Heerwaarden served as Chief Operating Officer at Bega Cheese Limited...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD1.20M) is about average for companies of similar size in the Australian market ($USD1.40M).
Compensation vs Earnings: Paul's compensation has increased by more than 20% in the past year.
Experienced Management: BGA's management team is considered experienced (4 years average tenure).
Experienced Board: BGA's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BGA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.8%.
Bega Cheese Limited's employee growth, exchange listings and data sources
- Name: Bega Cheese Limited
- Ticker: BGA
- Exchange: ASX
- Founded: 1899
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$1.615b
- Shares outstanding: 302.99m
- Website: https://www.begacheese.com.au
Number of Employees
- Bega Cheese Limited
- 23-45 Ridge Street
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:01|
|End of Day Share Price||2021/10/26 00:00|
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 here.