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General Information

Elders Limited
ELD
http://www.elders.com.au
Agricultural Products
332
84

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$4.05 $3.97 $4.05 $3.93 $3.97 250218 $0.08 ( 2.02% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy
29/07/2015
1

Company Overview

Business Description
Elders Limited (ELD) is an Australian company with businesses in rural services and automotive components. Rural Services operations supply the physical, financial and advisory inputs and marketing options to help Australian and New Zealand farmers. Automotive operations are conducted through Futuris, an Australian automotive components supplier and an emerging supplier to the Asia Pacific automotive industry.
Strategy Analysis
Elders operates principally in three very different sectors - Rural Services, Forestry and Automotive. The sale of a non-rural assets is continuing with ELD shifting its focus to the agri-service business and will increasingly focus on these activities going forward. The decision has been taken to conduct a staged exit from forestry and the automotive business is considered non-core. The company plans to divest this business when the automotive market recovers. Elders reported net loss of $395.35m for the year ended 30 September 2011. Revenue from ordinary activities were $2,313.97m, up 15% from last year. Basic and Diluted EPS were (88.1) cents compared to (51.1) cents last year. The net operating cash outflow was $23.76m compared to an outflow of $110.47m in the pcp. No dividend was declared.

Financial Summary

Year to Sep NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 43.5 14.5% 9.1 0.0 0.0% 0.0%
2015 F 0.0 38.0 33.5% 10.5 0.0 0.0% 0.0%
2014 A 16.8 28.4 -89.7% 4.3 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Elders (ELD) $325M -0.8970 0.3353 0.1452 13.6524 10.2240 8.9277 0.00% 0.00% 0.00%
Graincorp (GNC) $1,980M -0.4578 -0.4347 1.1339 20.9139 36.9974 17.3381 2.31% 1.44% 2.85%
Ridley Corp (RIC) $417M 0.5912 0.0000 0.0000 21.8901 0.0000 0.0000 0.00% 0.00% 0.00%
Select Harvests (SHV) $928M 0.1922 0.0000 0.0000 26.6189 0.0000 0.0000 1.54% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 10.93 -2.32 0.46
Market 0.89 16.40 1.32 1.33
Sector 0.59 20.20 1.51 1.59

Directors

Name Position Start Date
Mr Mark Charles Allison Chief Executive Officer, Managing Director 10/11/2009
Mr Ian Wilton Non-Executive Director 13/04/2014
Mr James Hutchison Ranck Non-Executive Director, Non-Executive Chairman 24/06/2008
Mr James Andrew Jackson Non-Executive Director, Non-Executive Deputy Chairman 13/04/2014

Management

Name Position
Peter Hastings Company Secretary
C C Hall GM Elders International
Nina Margaret Abbey Joint Company Secretary
G J Dunne Zone General Manager North
M L Hunt Zone General Manager South
J H Cornish Zone General Manager West

Substantial Shareholders

Holding Name
0 (0%) Not Disclosed in Annual Report

Calendar of Events

Date Event
16 May 2016 Report (Interim)
18 November 2015 Report (Annual)
16 November 2015 Report (Annual)
16 November 2015 Report (Prelim)
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