How does BGA's PE Ratio compare to its peers?

BGA is expensive based on its Price-To-Earnings Ratio (55x) compared to the peer average (23.4x).

How does BGA's PE Ratio compare vs other companies in the Oceanian Food Industry?

BGA is expensive based on its Price-To-Earnings Ratio (55x) compared to the Global Food industry average (15.9x).

What is BGA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BGA is expensive based on its Price-To-Earnings Ratio (55x) compared to the estimated Fair Price-To-Earnings Ratio (32.2x).

What is the Fair Price of BGA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BGA (A$5.5) is trading below our estimate of [[fair value]] (A$7.58)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

BGA Stock Overview

Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia. More details

BGA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 27.4% below our estimate of its fair value

Earnings are forecast to grow 22.55% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Bega Cheese Limited Competitors

Inghams Group

ASX:ING

AU$1.1b

Australian Agricultural

ASX:AAC

AU$849.9m

Cobram Estate Olives

ASX:CBO

AU$877.8m

Ricegrowers

ASX:SGLLV

AU$663.2m

Price History & Performance

Summary of share price highs, lows and changes for Bega Cheese
Historical stock prices
Current Share Price	AU$5.50
52 Week High	AU$5.57
52 Week Low	AU$3.34
Beta	0.53
1 Month Change	3.97%
3 Month Change	5.36%
1 Year Change	58.96%
3 Year Change	7.21%
5 Year Change	26.44%
Change since IPO	198.91%

Revenues Not Telling The Story For Bega Cheese Limited (ASX:BGA) After Shares Rise 26%

Sep 27

Recent updates

Revenues Not Telling The Story For Bega Cheese Limited (ASX:BGA) After Shares Rise 26%

Sep 27

Is Bega Cheese Limited (ASX:BGA) Trading At A 43% Discount?

Jun 03

Bega Cheese Limited (ASX:BGA) Shares Could Be 27% Below Their Intrinsic Value Estimate

Jan 22

Is Bega Cheese (ASX:BGA) Using Too Much Debt?

Oct 13

Bega Cheese Limited's (ASX:BGA) Intrinsic Value Is Potentially 30% Above Its Share Price

Mar 15

Analysts Are Betting On Bega Cheese Limited (ASX:BGA) With A Big Upgrade This Week

Feb 25

Why Bega Cheese's (ASX:BGA) CEO Pay Matters

Feb 15

Does Bega Cheese Limited's (ASX:BGA) Weak Fundamentals Mean That The Market Could Correct Its Share Price?

Feb 03

An Intrinsic Calculation For Bega Cheese Limited (ASX:BGA) Suggests It's 24% Undervalued

Jan 22

We Wouldn't Rely On Bega Cheese's (ASX:BGA) Statutory Earnings As A Guide

Jan 10

Three Things You Should Check Before Buying Bega Cheese Limited (ASX:BGA) For Its Dividend

Dec 29

Here's Why Bega Cheese (ASX:BGA) Has A Meaningful Debt Burden

Dec 17

Should Bega Cheese (ASX:BGA) Be Disappointed With Their 48% Profit?

Dec 06

What Kind Of Shareholders Hold The Majority In Bega Cheese Limited's (ASX:BGA) Shares?

Nov 25

Bega Cheese Limited (ASX:BGA) Will Pay A AU$0.05 Dividend In Four Days

Sep 02

Shareholder Returns

	BGA	AU Food	AU Market
7D	3.8%	-0.3%	-2.0%
1Y	59.0%	8.2%	7.8%

Return vs Industry: BGA exceeded the Australian Food industry which returned 8.2% over the past year.

Return vs Market: BGA exceeded the Australian Market which returned 7.8% over the past year.

Price Volatility

Is BGA's price volatile compared to industry and market?
BGA volatility
BGA Average Weekly Movement	3.2%
Food Industry Average Movement	7.5%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.1%

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

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

About the Company

Founded	Employees	CEO	Website
1899	3,900	Pete Findlay	begagroup.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 Limited Fundamentals Summary

How do Bega Cheese's earnings and revenue compare to its market cap?
BGA fundamental statistics
Market cap	AU$1.68b
Earnings (TTM)	AU$30.50m
Revenue (TTM)	AU$3.52b

55.0x

P/E Ratio

0.5x

P/S Ratio

Is BGA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BGA income statement (TTM)
Revenue	AU$3.52b
Cost of Revenue	AU$2.82b
Gross Profit	AU$698.50m
Other Expenses	AU$668.00m
Earnings	AU$30.50m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 20, 2025

Earnings per share (EPS)	0.10
Gross Margin	19.83%
Net Profit Margin	0.87%
Debt/Equity Ratio	22.3%

How did BGA perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

80%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 21:11
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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 here.

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 .

Analyst Sources

Bega Cheese Limited is covered by 18 analysts. 9 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
Russell Wright	Barclay Pearce Capital Pty Limited
Josh Kannourakis	Barrenjoey Markets Pty Limited
Jonathan Snape	Bell Potter

BGA Stock Overview

Rewards

Risk Analysis

Bega Cheese Limited Competitors

ASX:ING

AU$1.1b

ASX:AAC

AU$849.9m

ASX:CBO

AU$877.8m

ASX:SGLLV

AU$663.2m

Price History & Performance

Recent News & Updates

Revenues Not Telling The Story For Bega Cheese Limited (ASX:BGA) After Shares Rise 26%

Bega Cheese Limited, Annual General Meeting, Oct 30, 2024

Non-Executive Director recently sold AU$179k worth of stock

Investor sentiment improves as stock rises 20%

Final dividend of AU$0.04 announced

New minor risk - Earnings quality

Recent updates

Revenues Not Telling The Story For Bega Cheese Limited (ASX:BGA) After Shares Rise 26%

Bega Cheese Limited, Annual General Meeting, Oct 30, 2024

Non-Executive Director recently sold AU$179k worth of stock

Investor sentiment improves as stock rises 20%

Final dividend of AU$0.04 announced

New minor risk - Earnings quality

Price target increased by 10% to AU$4.54

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

Is Bega Cheese Limited (ASX:BGA) Trading At A 43% Discount?

Non-Executive Director recently sold AU$209k worth of stock

First half dividend of AU$0.04 announced

First half 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.4% to AU$3.67

Bega Cheese Limited (ASX:BGA) Shares Could Be 27% Below Their Intrinsic Value Estimate

Bega Cheese Limited (ASX:BGA) completed the acquisition of Businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited (ASX:TFL) and The Van Diemen's Land Company.

Is Bega Cheese (ASX:BGA) Using Too Much Debt?

Insufficient new directors

Bega Cheese Limited, Annual General Meeting, Oct 24, 2023

Bega Cheese Limited (ASX:BGA) entered into an agreement to acquire Businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited (ASX:TFL) for AUD 11 million.

Bega Cheese Limited Declares Final Fully Franked Dividend, Payable on 21 September 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall from profit to AU$0.63 loss

Charter Hall Group (ASX:CHC) agreed to acquire 1 Vegemite Way, Port Melbourne site of Bega Group from Bega Cheese Limited (ASX:BGA) for approximately AUD 120 million.

Charter Hall Group (ASX:CHC) agreed to acquire 1 Vegemite Way, Port Melbourne site of Bega Group from Bega Cheese Limited (ASX:BGA) for approximately AUD 120 million.

Price target decreased by 7.3% to AU$3.44

Now 20% undervalued

Now 21% undervalued

Bega Cheese Limited's (ASX:BGA) Intrinsic Value Is Potentially 30% Above Its Share Price

Now 23% undervalued after recent price drop

Consensus EPS estimates fall by 39%, revenue upgraded

First half 2023 earnings released: EPS: AU$0.024 (vs AU$0.093 in 1H 2022)

Bega Group Announces CEO Changes

Bega Cheese Limited Announces CEO Changes

Bega Cheese Limited Names Gunther Burghardt as Chief Financial Officer

Bega Cheese Limited, Annual General Meeting, Oct 26, 2022

Bega Cheese Limited Declares Fully Franked Ordinary Distribution for the Six Months Ended June 30, 2022, Payable on September 23, 2022

Does Bega Cheese (ASX:BGA) Have A Healthy Balance Sheet?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insider recently bought AU$15m worth of stock

Price target decreased to AU$4.91

Bega Cheese Appoints Pete Findlay as Chief Operating Officer

Now 22% undervalued after recent price drop

Insider recently bought AU$15m worth of stock

Consensus forecasts updated

Insider recently bought AU$35m worth of stock

Consensus EPS estimates fall by 18%

Bega Cheese's (ASX:BGA) Upcoming Dividend Will Be Larger Than Last Year's

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Bega Cheese Limited Announces Fully Franked Dividend for Six Months Ended December 26, 2021, Payable on March 24, 2022

Is Bega Cheese (ASX:BGA) Using Too Much Debt?

Now 21% undervalued after recent price drop

With EPS Growth And More, Bega Cheese (ASX:BGA) Is Interesting

Consensus forecasts updated

Now 20% undervalued after recent price drop

Insider recently bought AU$108m worth of stock

Estimating The Fair Value Of Bega Cheese Limited (ASX:BGA)

Non-Executive Director recently bought AU$55k worth of stock

Full year 2021 earnings released: EPS AU$0.27 (vs AU$0.099 in FY 2020)