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SHV

Select HarvestsASX:SHV Stock Report

Last Price

AU$5.57

Market Cap

AU$673.7m

7D

-4.3%

1Y

10.3%

Updated

20 Jan, 2022

Data

Company Financials +
SHV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends2/6

SHV Stock Overview

Select Harvests Limited engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, muesli, and various natural health foods in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Select Harvests
Historical stock prices
Current Share PriceAU$5.57
52 Week HighAU$8.98
52 Week LowAU$4.91
Beta-0.23
1 Month Change-7.93%
3 Month Change-26.90%
1 Year Change10.30%
3 Year Change-8.84%
5 Year Change-5.11%
Change since IPO828.33%

Recent News & Updates

Nov 29
Select Harvests (ASX:SHV) Is Paying Out A Larger Dividend Than Last Year

Select Harvests (ASX:SHV) Is Paying Out A Larger Dividend Than Last Year

Select Harvests Limited ( ASX:SHV ) will increase its dividend on the 4th of February to AU$0.08. Despite this raise...

Shareholder Returns

SHVAU FoodAU Market
7D-4.3%-0.5%-1.7%
1Y10.3%-0.9%7.7%

Return vs Industry: SHV exceeded the Australian Food industry which returned -2% over the past year.

Return vs Market: SHV exceeded the Australian Market which returned 9.7% over the past year.

Price Volatility

Is SHV's price volatile compared to industry and market?
SHV volatility
SHV Average Weekly Movement4.6%
Food Industry Average Movement6.0%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.3%
10% least volatile stocks in AU Market3.6%

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

Volatility Over Time: SHV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969611Paul Thompsonhttps://www.selectharvests.com.au

Select Harvests Limited engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, muesli, and various natural health foods in Australia. It grows, processes, and sells almonds to the food industry from company owned and leased almond orchards, as well as holds a portfolio of approximately 9,262 hectares of almond orchards located in Victoria, New South Wales, and South Australia. The company also exports its products to Asia, Europe, and the Middle East.

Select Harvests Fundamentals Summary

How do Select Harvests's earnings and revenue compare to its market cap?
SHV fundamental statistics
Market CapAU$673.68m
Earnings (TTM)AU$25.29m
Revenue (TTM)AU$228.60m

26.5x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHV income statement (TTM)
RevenueAU$228.60m
Cost of RevenueAU$183.42m
Gross ProfitAU$45.17m
ExpensesAU$19.88m
EarningsAU$25.29m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin19.76%
Net Profit Margin11.06%
Debt/Equity Ratio19.0%

How did SHV perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is Select Harvests 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: SHV (A$5.6) is trading below our estimate of fair value (A$16.91)

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


Price To Earnings Ratio

PE vs Industry: SHV is poor value based on its PE Ratio (26.6x) compared to the Australian Food industry average (19.7x).

PE vs Market: SHV is poor value based on its PE Ratio (26.6x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: SHV is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SHV is good value based on its PB Ratio (1.3x) compared to the AU Food industry average (1.5x).


Future Growth

How is Select Harvests forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

19.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHV's forecast earnings growth (19.4% per year) is above the savings rate (1.9%).

Earnings vs Market: SHV's earnings (19.4% per year) are forecast to grow faster than the Australian market (11.3% per year).

High Growth Earnings: SHV's earnings are forecast to grow, but not significantly.

Revenue vs Market: SHV's revenue (7.9% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: SHV's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHV's Return on Equity is forecast to be low in 3 years time (12.4%).


Past Performance

How has Select Harvests performed over the past 5 years?

14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHV has a high level of non-cash earnings.

Growing Profit Margin: SHV's current net profit margins (11.1%) are lower than last year (15.6%).


Past Earnings Growth Analysis

Earnings Trend: SHV's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: SHV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SHV had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Food industry average (106.9%).


Return on Equity

High ROE: SHV's Return on Equity (4.8%) is considered low.


Financial Health

How is Select Harvests's financial position?


Financial Position Analysis

Short Term Liabilities: SHV's short term assets (A$257.8M) exceed its short term liabilities (A$116.1M).

Long Term Liabilities: SHV's short term assets (A$257.8M) do not cover its long term liabilities (A$360.8M).


Debt to Equity History and Analysis

Debt Level: SHV's net debt to equity ratio (18.6%) is considered satisfactory.

Reducing Debt: SHV's debt to equity ratio has increased from 1.8% to 19% over the past 5 years.

Debt Coverage: SHV's debt is well covered by operating cash flow (38.2%).

Interest Coverage: SHV's interest payments on its debt are well covered by EBIT (13.5x coverage).


Balance Sheet


Dividend

What is Select Harvests's current dividend yield, its reliability and sustainability?

1.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHV's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: SHV's dividend (1.43%) is low compared to the top 25% of dividend payers in the Australian market (5.36%).


Stability and Growth of Payments

Stable Dividend: SHV's dividend payments have been volatile in the past 10 years.

Growing Dividend: SHV's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), SHV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SHV's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Paul Thompson

9.5yrs

Tenure

AU$762,645

Compensation

Mr. Paul Thompson, B Bus and MAICD, has been the Chief Executive Officer and Managing Director of Select Harvests Limited since July 9, 2012. Mr. Thompson is an experienced executive with management experi...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD547.80K) is about average for companies of similar size in the Australian market ($USD741.65K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SHV's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: SHV's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SHV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Select Harvests Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Select Harvests Limited
  • Ticker: SHV
  • Exchange: ASX
  • Founded: 1969
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: AU$673.685m
  • Shares outstanding: 120.30m
  • Website: https://www.selectharvests.com.au

Number of Employees


Location

  • Select Harvests Limited
  • Building 7
  • Level 3
  • Richmond
  • Victoria
  • 3121
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 07:03
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


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.