Market Cap
AU$1.8b
Last Updated
2020/10/29 10:33 UTC
Data Sources
Company Financials +
Executive Summary
Elders Limited provides livestock, real estate, and wool agency services to rural and regional customers primarily in Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record and good value.
Share Price & News
How has Elders's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ELD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.3%
ELD
-2.4%
AU Food
-2.4%
AU Market
1 Year Return
92.9%
ELD
7.2%
AU Food
-8.3%
AU Market
Return vs Industry: ELD exceeded the Australian Food industry which returned 7.2% over the past year.
Return vs Market: ELD exceeded the Australian Market which returned -8.3% over the past year.
Shareholder returns
| ELD | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -2.4% | -2.4% |
| 30 Day | 4.2% | 0.04% | 1.8% |
| 90 Day | 11.3% | 3.9% | 1.7% |
| 1 Year | 97.4%92.9% | 9.9%7.2% | -5.0%-8.3% |
| 3 Year | 145.5%118.8% | -14.5%-21.3% | 14.6%-0.08% |
| 5 Year | 209.2%166.4% | 12.4%-2.4% | 41.6%12.1% |
Price Volatility Vs. Market
How volatile is Elders's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Elders Limited's (ASX:ELD) Stock Been Rising: Are Strong Financials Guiding The Market?2 weeks ago | Simply Wall St
Is Elders Limited (ASX:ELD) Popular Amongst Institutions?1 month ago | Simply Wall St
Is There More To The Story Than Elders's (ASX:ELD) Earnings Growth?Valuation
Is Elders undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ELD (A$11.4) is trading below our estimate of fair value (A$27.99)
Significantly Below Fair Value: ELD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ELD is good value based on its PE Ratio (16.1x) compared to the AU Food industry average (23.6x).
PE vs Market: ELD is good value based on its PE Ratio (16.1x) compared to the Australian market (21x).
Price to Earnings Growth Ratio
PEG Ratio: ELD is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: ELD is overvalued based on its PB Ratio (2.9x) compared to the AU Food industry average (1.3x).
Next Steps
Future Growth
How is Elders forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
8.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELD's forecast earnings growth (8.5% per year) is above the savings rate (2.3%).
Earnings vs Market: ELD's earnings (8.5% per year) are forecast to grow slower than the Australian market (17.6% per year).
High Growth Earnings: ELD's earnings are forecast to grow, but not significantly.
Revenue vs Market: ELD's revenue (5.9% per year) is forecast to grow faster than the Australian market (4.6% per year).
High Growth Revenue: ELD's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ELD's Return on Equity is forecast to be low in 3 years time (16.4%).
Next Steps
Past Performance
How has Elders performed over the past 5 years?
15.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELD has high quality earnings.
Growing Profit Margin: ELD's current net profit margins (5.3%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: ELD's earnings have grown by 15.5% per year over the past 5 years.
Accelerating Growth: ELD's earnings growth over the past year (57.7%) exceeds its 5-year average (15.5% per year).
Earnings vs Industry: ELD earnings growth over the past year (57.7%) exceeded the Food industry -10%.
Return on Equity
High ROE: ELD's Return on Equity (16.3%) is considered low.
Next Steps
Financial Health
How is Elders's financial position?
Financial Position Analysis
Short Term Liabilities: ELD's short term assets (A$1.0B) exceed its short term liabilities (A$790.5M).
Long Term Liabilities: ELD's short term assets (A$1.0B) exceed its long term liabilities (A$220.2M).
Debt to Equity History and Analysis
Debt Level: ELD's debt to equity ratio (42.8%) is considered high.
Reducing Debt: ELD's debt to equity ratio has reduced from 96.1% to 42.8% over the past 5 years.
Debt Coverage: ELD's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: ELD's interest payments on its debt are well covered by EBIT (12.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Elders's current dividend yield, its reliability and sustainability?
1.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ELD's dividend (1.58%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.15%).
High Dividend: ELD's dividend (1.58%) is low compared to the top 25% of dividend payers in the Australian market (5.48%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ELD has been paying a dividend for less than 10 years.
Growing Dividend: ELD's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.5%), ELD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ELD's dividends in 3 years are forecast to be well covered by earnings (34.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Mark Allison (60 yo)
6.42yrs
Tenure
AU$1,667,029
Compensation
Mr. Mark Charles Allison, BAgrSc, BEcon, GDM, FAICD, has been the Chief Executive Officer and Managing Director of Elders Limited since May 1, 2014 and also has been its Executive Director since November 1 ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.18M) is about average for companies of similar size in the Australian market ($USD1.41M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 6.42yrs | AU$1.67m | 0.82% A$ 14.5m | |
| Chief Financial Officer | 7.75yrs | AU$742.23k | 0.070% A$ 1.3m | |
| General Manager of West Zone | 9.75yrs | AU$532.90k | 0.041% A$ 721.2k | |
| General Manager of South Zone | 8.75yrs | AU$597.00k | 0.044% A$ 786.7k | |
| General Counsel & Company Secretary | 10.58yrs | no data | no data | |
| General Manager of People & Culture | no data | no data | no data | |
| Head of Risk | 0.25yr | no data | no data | |
| Company Secretary | 0.25yr | no data | no data | |
| General Manager of Real Estate | 4.75yrs | no data | no data | |
| General Manager of Digital | 4.5yrs | no data | no data |
6.4yrs
Average Tenure
Experienced Management: ELD's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 6.42yrs | AU$1.67m | 0.82% A$ 14.5m | |
| Additional Non-Executive Director | 0.67yr | no data | 0.0097% A$ 172.7k | |
| Chairman | 1.08yrs | AU$169.33k | 0.084% A$ 1.5m | |
| Non-Executive Director | 2.92yrs | AU$149.20k | 0.0088% A$ 157.1k | |
| Independent Non-Executive Director | 5.08yrs | AU$154.90k | 0.0067% A$ 118.7k |
2.9yrs
Average Tenure
60yo
Average Age
Experienced Board: ELD's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Top Shareholders
Company Information
Elders Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Elders Limited
- Ticker: ELD
- Exchange: ASX
- Founded: 1839
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$1.777b
- Shares outstanding: 155.75m
- Website: https://elders.com.au
Number of Employees
Location
- Elders Limited
- 80 Grenfell Street
- Level 10
- Adelaide
- South Australia
- 5000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ELD | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| FTZ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| ELD | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| EDES.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Dec 2008 |
Biography
Elders Limited provides livestock, real estate, and wool agency services to rural and regional customers primarily in Australia. It operates through Network, Feed and Processing, and Other segments. The co ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 10:33 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/09/30 |
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.