Cobram Estate Olives Limited

ASX:CBO Stock Report

Market Cap: AU$877.8m

Cobram Estate Olives Valuation

Is CBO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CBO (A$2.1) is trading below our estimate of fair value (A$2.98)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CBO?

Key metric: As CBO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CBO. This is calculated by dividing CBO's market cap by their current earnings.
What is CBO's PE Ratio?
PE Ratio47.4x
EarningsAU$18.53m
Market CapAU$877.84m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CBO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
AAC Australian Agricultural
24.6x-27.6%AU$849.9m
SGLLV Ricegrowers
10.3x9.2%AU$663.2m
ING Inghams Group
11.3x5.2%AU$1.1b
BGA Bega Cheese
55x22.5%AU$1.7b
CBO Cobram Estate Olives
47.4x15.4%AU$877.8m

Price-To-Earnings vs Peers: CBO is expensive based on its Price-To-Earnings Ratio (47.4x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CBO 47.4xIndustry Avg. 16.0xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CBO is expensive based on its Price-To-Earnings Ratio (47.4x) compared to the Global Food industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is CBO'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.

CBO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.4x
Fair PE Ratio26.8x

Price-To-Earnings vs Fair Ratio: CBO is expensive based on its Price-To-Earnings Ratio (47.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).

Analyst Price Targets

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

The above table shows the analyst CBO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.10
AU$2.11
+0.3%
8.6%AU$2.25AU$1.85n/a3
Dec ’25AU$2.05
AU$1.98
-3.6%
5.2%AU$2.10AU$1.85n/a3
Nov ’25AU$1.88
AU$1.98
+5.4%
5.2%AU$2.10AU$1.85n/a3
Oct ’25AU$1.70
AU$1.98
+16.6%
5.2%AU$2.10AU$1.85n/a3
Sep ’25AU$1.59
AU$1.98
+24.7%
5.2%AU$2.10AU$1.85n/a3
Aug ’25AU$1.63
AU$1.99
+22.1%
2.2%AU$2.05AU$1.95n/a3
Jul ’25AU$1.77
AU$1.95
+10.4%
4.0%AU$2.05AU$1.86n/a3
Jun ’25AU$1.87
AU$1.90
+1.8%
5.6%AU$2.05AU$1.80n/a3
May ’25AU$1.80
AU$1.93
+7.1%
5.3%AU$2.05AU$1.80n/a4
Apr ’25AU$1.95
AU$1.93
-0.9%
5.3%AU$2.05AU$1.80n/a4
Mar ’25AU$1.72
AU$1.93
+12.4%
5.3%AU$2.05AU$1.80n/a4
Feb ’25AU$1.61
AU$1.78
+10.6%
2.6%AU$1.82AU$1.70n/a4
Jan ’25AU$1.74
AU$1.78
+2.6%
2.6%AU$1.82AU$1.70n/a4
Dec ’24AU$1.40
AU$1.70
+21.6%
3.4%AU$1.75AU$1.61AU$2.054
Nov ’24AU$1.30
AU$1.69
+29.7%
3.4%AU$1.75AU$1.61AU$1.883
Oct ’24AU$1.35
AU$1.50
+10.7%
24.6%AU$1.80AU$0.87AU$1.704
Sep ’24AU$1.35
AU$1.50
+10.7%
24.6%AU$1.80AU$0.87AU$1.594
Aug ’24AU$1.29
AU$1.47
+14.0%
24.2%AU$1.75AU$0.87AU$1.634
Jul ’24AU$1.24
AU$1.52
+22.7%
26.0%AU$1.90AU$0.87AU$1.774
Jun ’24AU$1.26
AU$1.54
+22.4%
25.8%AU$1.90AU$0.87AU$1.874
May ’24AU$1.33
AU$1.54
+16.2%
25.8%AU$1.90AU$0.87AU$1.804
Apr ’24AU$1.31
AU$1.55
+19.0%
26.4%AU$1.95AU$0.87AU$1.954
Mar ’24AU$1.34
AU$1.73
+29.3%
8.0%AU$1.95AU$1.59AU$1.724
Feb ’24AU$1.40
AU$1.90
+35.5%
11.6%AU$2.10AU$1.59AU$1.613
Jan ’24AU$1.47
AU$1.88
+28.5%
10.2%AU$2.10AU$1.59AU$1.744
Dec ’23AU$1.52
AU$1.88
+24.3%
10.2%AU$2.10AU$1.59AU$1.404

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 04:58
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Cobram Estate Olives Limited is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Jonathan SnapeBell Potter
Ian MunroOrd Minnett Limited