Bega Cheese Limited engages in receiving, processing, manufacturing, and distributing dairy and other food-related products in Australia. More Details
No risks detected for BGA from our risk checks.
Excellent balance sheet with proven track record.
Share Price & News
How has Bega Cheese's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BGA has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BGA exceeded the Australian Food industry which returned -7.9% over the past year.
Return vs Market: BGA exceeded the Australian Market which returned -10.3% over the past year.
Price Volatility Vs. Market
How volatile is Bega Cheese's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StShould Bega Cheese Limited (ASX:BGA) Be Part Of Your Dividend Portfolio?
1 week ago | Simply Wall StThese 4 Measures Indicate That Bega Cheese (ASX:BGA) Is Using Debt Extensively
3 weeks ago | Simply Wall StBega Cheese Limited (ASX:BGA) Will Pay A AU$0.05 Dividend In Four Days
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$5.23) is trading below our estimate of fair value (A$8.43)
Significantly Below Fair Value: BGA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BGA is poor value based on its PE Ratio (52.7x) compared to the AU Food industry average (24.8x).
PE vs Market: BGA is poor value based on its PE Ratio (52.7x) compared to the Australian market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: BGA is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: BGA is overvalued based on its PB Ratio (1.4x) compared to the AU Food industry average (1.2x).
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 (21% per year) is above the savings rate (2.3%).
Earnings vs Market: BGA's earnings (21% per year) are forecast to grow faster than the Australian market (17.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BGA's revenue (4.8% per year) is forecast to grow faster than the Australian market (4.4% per year).
High Growth Revenue: BGA's revenue (4.8% 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 (7.4%).
How has Bega Cheese performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BGA has high quality earnings.
Growing Profit Margin: BGA's current net profit margins (1.4%) are higher than last year (0.3%).
Past Earnings Growth Analysis
Earnings Trend: BGA's earnings have declined by 10% per year over the past 5 years.
Accelerating Growth: BGA's earnings growth over the past year (367.7%) exceeds its 5-year average (-10% per year).
Earnings vs Industry: BGA earnings growth over the past year (367.7%) exceeded the Food industry -9.4%.
Return on Equity
High ROE: BGA's Return on Equity (2.6%) is considered low.
How is Bega Cheese's financial position?
Financial Position Analysis
Short Term Liabilities: BGA's short term assets (A$409.7M) exceed its short term liabilities (A$306.0M).
Long Term Liabilities: BGA's short term assets (A$409.7M) exceed its long term liabilities (A$303.4M).
Debt to Equity History and Analysis
Debt Level: BGA's debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: BGA's debt to equity ratio has increased from 22.2% to 30.4% over the past 5 years.
Debt Coverage: BGA's debt is well covered by operating cash flow (55.7%).
Interest Coverage: BGA's interest payments on its debt are well covered by EBIT (4.4x coverage).
What is Bega Cheese current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BGA's dividend (1.91%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.38%).
High Dividend: BGA's dividend (1.91%) is low compared to the top 25% of dividend payers in the Australian market (5.61%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BGA has been paying a dividend for less than 10 years.
Growing Dividend: BGA's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.7%), BGA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BGA's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul van Heerwaarden
Mr. Paul van Heerwaarden, MBA, CPA, BBus (Acct), has been Chief Executive Officer of Bega Cheese Limited since February 1, 2017. Mr. van Heerwaarden served as Chief Operating Officer at Bega Cheese Limited ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD601.33K) is below average for companies of similar size in the Australian market ($USD938.18K).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
|Executive Chairman||20.67yrs||AU$644.52k||no data|
|Chief Executive Officer||3.58yrs||AU$857.20k||0.022% |
|Chief Financial Officer||0.83yr||AU$751.68k||no data|
|Executive GM of Contract Manufacturing & Company Secretary||27.67yrs||AU$475.28k||0.068% |
|Executive General Manager of Operational Excellence||2.67yrs||no data||no data|
|Executive General Manager of Human Resources||no data||no data||no data|
|Executive General Manager of Nutritionals||4.17yrs||no data||no data|
|Executive General Manager of Dairy Ingredients||4.08yrs||no data||no data|
|Executive General Manager of Bega Foods||2.92yrs||no data||no data|
|Executive General Manager Strategy||no data||no data||no data|
|Company Secretary||18.67yrs||no data||no data|
Experienced Management: BGA's management team is considered experienced (3.8 years average tenure).
|Executive Chairman||20.67yrs||AU$644.52k||no data|
|Independent Director||no data||AU$67.69k||no data|
|Independent Director||5.25yrs||AU$117.88k||0.0042% |
|Non-Executive Director||8.75yrs||AU$102.58k||0.088% |
|Non-Executive Director||32yrs||AU$101.50k||no data|
|Independent Director||3yrs||AU$119.00k||0.0062% |
|Independent Non Executive Director||1yr||AU$83.17k||0.0093% |
Experienced Board: BGA's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bega Cheese Limited's company bio, 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$1.125b
- Shares outstanding: 215.01m
- Website: https://www.begacheese.com.au
Number of Employees
- Bega Cheese Limited
- 23-45 Ridge Street
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BGA||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2011|
|B6G||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Aug 2011|
|BGA||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2011|
Bega Cheese Limited engages in receiving, processing, manufacturing, and distributing dairy and other food-related products in Australia. The company operates in two segments, Branded and Bulk. The Branded ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/27 19:03|
|End of Day Share Price||2020/09/25 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.