Market Cap
AU$920.7m
Last Updated
2019/11/14 10:32 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.
Snowflake
Excellent balance sheet 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
6.2%
ELD
1.3%
AU Food
0.4%
AU Market
1 Year Return
-12.6%
ELD
-10.0%
AU Food
14.8%
AU Market
Return vs Industry: ELD underperformed the Australian Food industry which returned -10% over the past year.
Return vs Market: ELD underperformed the Australian Market which returned 14.8% over the past year.
Shareholder returns
| ELD | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.2% | 1.3% | 0.4% |
| 30 Day | 6.2% | -2.1% | 0.4% |
| 90 Day | 0.2% | 3.1% | 4.6% |
| 1 Year | -7.5%-12.6% | -6.7%-10.0% | 21.4%14.8% |
| 3 Year | 87.5%71.1% | 6.6%-0.7% | 40.2%21.4% |
| 5 Year | 227.7%188.9% | 33.3%21.6% | 54.5%19.5% |
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
1 week ago | Simply Wall St
Is Elders Limited's (ASX:ELD) CEO Pay Fair?3 weeks ago | Simply Wall St
Does This Valuation Of Elders Limited (ASX:ELD) Imply Investors Are Overpaying?1 month ago | Simply Wall St
Are Elders Limited’s (ASX:ELD) High Returns Really That Great?Valuation
Is Elders undervalued compared to its fair value and its price relative to the market?
39.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ELD (A$6.5) is trading below our estimate of fair value (A$10.77)
Significantly Below Fair Value: ELD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ELD is good value based on its PE Ratio (10.4x) compared to the Food industry average (27.2x).
PE vs Market: ELD is good value based on its PE Ratio (10.4x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: ELD is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: ELD is overvalued based on its PB Ratio (1.9x) 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 4 analysts?
12.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELD's forecast earnings growth (12.8% per year) is above the savings rate (2.3%).
Earnings vs Market: ELD's earnings (12.8% per year) are forecast to grow faster than the Australian market (9.8% per year).
High Growth Earnings: ELD's earnings are forecast to grow, but not significantly.
Revenue vs Market: ELD's revenue (4.8% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: ELD'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: ELD's Return on Equity is forecast to be low in 3 years time (16.2%).
Next Steps
Past Performance
How has Elders performed over the past 5 years?
22.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELD has a high level of non-cash earnings.
Growing Profit Margin: ELD's current net profit margins (4.6%) are lower than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: ELD's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: ELD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ELD had negative earnings growth (-3.3%) over the past year, making it difficult to compare to the Food industry average (-28.6%).
Return on Equity
High ROE: ELD's Return on Equity (15.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Elders's financial position?
Financial Position Analysis
Short Term Liabilities: ELD's short term assets (A$670.3M) exceeds its short term liabilities (A$504.1M)
Long Term Liabilities: ELD's short term assets (670.3M) exceeds its long term liabilities (19.7M)
Debt to Equity History and Analysis
Debt Level: ELD's debt to equity ratio (20.3%) is considered satisfactory
Reducing Debt: ELD's debt to equity ratio has reduced from 275.5% to 20.3% over the past 5 years.
Debt Coverage: ELD's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: ELD's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
Inventory Level: ELD has a high level of physical assets or inventory.
Debt Coverage by Assets: ELD's debt is covered by short term assets (assets are 6.7x debt).
Next Steps
Dividend
What is Elders's current dividend yield, its reliability and sustainability?
2.77%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Elders before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ELD's dividend (2.77%) is higher than the bottom 25% of dividend payers in the Australian market (2.35%).
High Dividend: ELD's dividend (2.77%) is low compared to the top 25% of dividend payers in the Australian market (5.62%).
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 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.7%), 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 (34.9% payout ratio).
Next Steps
Management
What is the CEO of Elders's salary, the management and board of directors tenure and is there insider trading?
6.2yrs
Average management tenure
CEO
Mark Allison (59yo)
5.5yrs
Tenure
AU$1,667,029
Compensation
Mr. Mark Charles Allison, BAgrSc, BEcon, GDM, FAICD, has been the Chief Executive Officer and Managing Director of Elders Limited since May 1, 2014 and also has been its Executive Director since November 1 ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.14M) is about average for companies of similar size in the Australian market ($USD991.66K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.2yrs
Average Tenure
Experienced Management: ELD's management team is seasoned and experienced (6.2 years average tenure).
Board Age and Tenure
2.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: ELD's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 3,626,871 |
| Max Price | AU$6.03 |
| Entity | Company |
| Shares | 982,189 |
| Max Price | AU$5.55 |
| Entity | Company |
| Shares | 706,753 |
| Max Price | AU$6.47 |
| Entity | Company |
| Shares | 846,660 |
| Max Price | AU$6.70 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 1,269 |
| Max Price | AU$5.55 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, MD & Executive Director |
| Shares | 136,470 |
| Max Price | AU$5.55 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 16,657 |
| Max Price | AU$5.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 1,087 |
| Max Price | AU$5.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 11,838 |
| Max Price | AU$6.75 |
| Entity | Company |
| Shares | 644,978 |
| Max Price | AU$7.10 |
| Entity | Company |
| Shares | 1,516,043 |
| Max Price | AU$5.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 2,000 |
| Max Price | AU$6.80 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 4,822 |
| Max Price | AU$7.25 |
| Entity | Company |
| Shares | 1,366,557 |
| Max Price | AU$6.46 |
| Entity | Company |
| Shares | 1,258,863 |
| Max Price | AU$6.79 |
| Entity | Company |
| Shares | 3,012,147 |
| Max Price | AU$6.11 |
| Entity | Company |
| Shares | 3,470,519 |
| Max Price | AU$6.36 |
| Entity | Company |
| Shares | 33,933 |
| Max Price | AU$6.28 |
| Entity | Company |
| Shares | 1,491,651 |
| Max Price | AU$6.11 |
| Entity | Company |
| Shares | 71,993 |
| Max Price | AU$6.83 |
| Entity | Company |
| Shares | 1,276,402 |
| Max Price | AU$6.69 |
| Entity | Company |
| Shares | 190,000 |
| Max Price | AU$7.20 |
| Entity | Company |
| Shares | 1,219,000 |
| Max Price | AU$8.90 |
| Entity | Company |
| Shares | 455,282 |
| Max Price | AU$7.26 |
| Entity | Company |
| Shares | 282,375 |
| Max Price | AU$7.70 |
| Entity | Company |
| Shares | 248,049 |
| Max Price | AU$7.10 |
| Entity | Company |
| Shares | 2,958,642 |
| Max Price | AU$7.15 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 5,000 |
| Max Price | AU$7.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 8,500 |
| Max Price | AU$6.91 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 7,280 |
| Max Price | AU$6.86 |
| Entity | Company |
| Shares | 268,709 |
| Max Price | AU$7.48 |
| Entity | Company |
| Shares | 118,098 |
| Max Price | AU$7.17 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.
Management Team
Mark Allison (59yo)
CEO, MD & Executive Director
- Tenure: 5.5yrs
- Compensation: AU$1.67m
Peter Hastings
General Counsel & Company Secretary
- Tenure: 9.8yrs
Richard Davey
Chief Financial Officer
- Tenure: 6.8yrs
- Compensation: AU$742.23k
Tom Russo
General Manager of Real Estate
- Tenure: 3.8yrs
James Cornish
General Manager of West Zone
- Tenure: 8.8yrs
- Compensation: AU$532.90k
Malcolm Hunt
General Manager of South Zone
- Tenure: 7.8yrs
- Compensation: AU$597.00k
Sanjeeta Singh
Joint Company Secretary
- Tenure: 3.7yrs
Karen Ross
General Manager of Digital
- Tenure: 3.6yrs
Olivia Richardson
General Manager of People & Culture
- Tenure: 0yrs
Board Members
Ian Wilton (67yo)
Chairman
- Tenure: 0.2yrs
- Compensation: AU$169.33k
Diana Eilert (59yo)
Non-Executive Director
- Tenure: 2yrs
- Compensation: AU$149.20k
Robyn Clubb (62yo)
Non-Executive Director
- Tenure: 4.2yrs
- Compensation: AU$154.90k
Mark Allison (59yo)
CEO, MD & Executive Director
- Tenure: 5.5yrs
- Compensation: AU$1.67m
Mike Carroll
Non-Executive Director
- Tenure: 1.2yrs
- Compensation: AU$232.69k
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$920.729m
- Shares outstanding: 141.65m
- 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 |
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 | 2019/11/14 10:32 |
| End of Day Share Price | 2019/11/14 00:00 |
| Earnings | 2019/09/30 |
| 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.