CBO

Cobram Estate OlivesASX:CBO Stock Report

Market Cap

AU$774.9m

7D

-2.4%

1Y

n/a

Updated

16 Oct, 2021

Data

Company Financials +
CBO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends0/6

CBO Overview

Cobram Estate Olives Limited farms, produces, markets, and sells extra virgin olive oil.

Cobram Estate Olives Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cobram Estate Olives
Historical stock prices
Current Share PriceAU$2.00
52 Week HighAU$1.81
52 Week LowAU$2.21
Beta0
1 Month Change0%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO7.53%

Recent News & Updates

Shareholder Returns

CBOAU FoodAU Market
7D-2.4%-0.7%0.9%
1Yn/a1.5%20.2%

Return vs Industry: Insufficient data to determine how CBO performed against the Australian Food industry.

Return vs Market: Insufficient data to determine how CBO performed against the Australian Market.

Price Volatility

Is CBO's price volatile compared to industry and market?
CBO volatility
CBO Beta0
Industry Beta0.54
Market Beta1

Stable Share Price: CBO is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: Insufficient data to determine CBO's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aLeandro Ravettihttps://www.cobramestateolives.com.au

Cobram Estate Olives Limited farms, produces, markets, and sells extra virgin olive oil. It also operates an olive tree nursery that wholesales and supplies olive trees; and engages in the planting, growing, and cultivating of olive trees to produce olive products. In addition, the company provides olive oil bottling and storage services; and laboratory services, including technical, chemical tests, sensory analysis, and blending advice services.

Cobram Estate Olives Fundamentals Summary

How do Cobram Estate Olives's earnings and revenue compare to its market cap?
CBO fundamental statistics
Market CapAU$774.87m
Earnings (TTM)AU$32.65m
Revenue (TTM)AU$140.30m

23.7x

P/E Ratio

5.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CBO income statement (TTM)
RevenueAU$140.30m
Cost of RevenueAU$56.17m
Gross ProfitAU$84.13m
ExpensesAU$51.48m
EarningsAU$32.65m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.084
Gross Margin59.97%
Net Profit Margin23.27%
Debt/Equity Ratio90.8%

How did CBO perform over the long term?

See historical performance and comparison

Valuation

Is Cobram Estate Olives undervalued compared to its fair value and its price relative to the market?

34.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CBO (A$2) is trading below our estimate of fair value (A$3.03)

Significantly Below Fair Value: CBO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CBO is poor value based on its PE Ratio (23.7x) compared to the Australian Food industry average (19.3x).

PE vs Market: CBO is poor value based on its PE Ratio (23.7x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: CBO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CBO is overvalued based on its PB Ratio (4.1x) compared to the AU Food industry average (1.6x).


Future Growth

How is Cobram Estate Olives forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBO's earnings are forecast to decline over the next 3 years (-0.6% per year).

Earnings vs Market: CBO's earnings are forecast to decline over the next 3 years (-0.6% per year).

High Growth Earnings: CBO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CBO's revenue (14.6% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: CBO's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CBO's Return on Equity is forecast to be low in 3 years time (4.4%).


Past Performance

How has Cobram Estate Olives performed over the past 5 years?

-0.5%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: CBO has high quality earnings.

Growing Profit Margin: CBO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if CBO's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare CBO's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: CBO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (45.2%).


Return on Equity

High ROE: CBO's Return on Equity (17.1%) is considered low.


Financial Health

How is Cobram Estate Olives's financial position?


Financial Position Analysis

Short Term Liabilities: CBO's short term assets (A$135.8M) exceed its short term liabilities (A$33.8M).

Long Term Liabilities: CBO's short term assets (A$135.8M) do not cover its long term liabilities (A$224.1M).


Debt to Equity History and Analysis

Debt Level: CBO's debt to equity ratio (90.8%) is considered high.

Reducing Debt: Insufficient data to determine if CBO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CBO's debt is not well covered by operating cash flow (9.4%).

Interest Coverage: CBO's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet


Dividend

What is Cobram Estate Olives's current dividend yield, its reliability and sustainability?

1.73%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CBO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CBO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CBO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CBO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CBO's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average management tenure


CEO

Leandro Ravetti

0.50

Tenure

Mr. Leandro Ravetti serves as Joint-Chief Executive Officer (Technical and Production) at Cobram Estate Olives Limited since April 20, 2021 and served as its Technical Director until April 20, 2021. Mr. Ra...


Leadership Team

Experienced Management: CBO's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: CBO's board of directors are seasoned and experienced ( 16.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: CBO only recently listed within the past 12 months.


Top Shareholders

Company Information

Cobram Estate Olives Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cobram Estate Olives Limited
  • Ticker: CBO
  • Exchange: ASX
  • Founded: 1998
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$774.873m
  • Shares outstanding: 387.44m
  • Website: https://www.cobramestateolives.com.au

Location

  • Cobram Estate Olives Limited
  • 151 Broderick Road
  • PO Box 92
  • Lara
  • Victoria
  • 3212
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.