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General Information

Select Harvests Limited
SHV
http://www.selectharvests.com.au
Agricultural Products
653
71

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$9.29 $9.14 $9.36 $9.07 $9.14 285816 $0.15 ( 1.64% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
01/05/2015
1

Company Overview

Business Description
Select Harvests Limited (SHV) is an almond producer which grows, processes, package, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retails and industrial markets. SHV provides a management services to external owners of almond orchards.
Strategy Analysis
SHV's strategy is to leverage its orchard management, processing and marketing capabilities to grow the managed services business. SHV also aim to grow the number of company orchards to diversify their earnings stream, increase control over future earnings and broaden access to the whole almond value chain. The fallout of the MIS sector has meant that established orchards are becoming available for acquisition or long lease. The company has strengthened the balance sheet with the capacity to fund growth. Select Harvests reported NPAT up 2.4% to $17.67m for the year ended 30 June 2011. Revenue from ordinary activities were $249.96m, up 4.5% from last year. Basic and Diluted EPS were 33.7 cents compared to 43.3 cents last year. Net operating cash flow was $547,000 compared to $25.5m last year. The final dividend declared was 3 cents, taking the full year dividend to 13 cents compared with 21 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 60.8 -12.3% 15.0 20.0 2.2% 0.0%
2015 F 0.0 69.3 42.1% 13.2 26.0 2.8% 0.0%
2014 A 29.0 48.8 19.2% 10.5 20.0 3.9% 55.0%

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
Graincorp (GNC) $2,279M -0.4578 -0.4059 1.1502 24.0812 40.5372 18.8529 2.01% 1.25% 2.55%
Ridley Corp (RIC) $356M 0.5912 -0.0097 0.1191 18.6591 18.8418 16.8367 0.00% 3.46% 3.90%
Select Harvests (SHV) $649M 0.1922 0.4207 -0.1227 18.6066 13.0968 14.9293 2.20% 2.86% 2.20%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.55 13.80 2.90 1.19
Market 0.96 16.80 1.34 2.31
Sector 0.68 15.30 1.34 2.49

Directors

Name Position Start Date
Mr Paul Thompson Chief Executive Officer, Managing Director 09/07/2012
Mr Michael Andrew Iwaniw Non-Executive Chairman 27/06/2011
Mr Michael Carroll Non-Executive Director 31/03/2009
Mr Ross Marshall Herron Non-Executive Director 27/01/2005
Mr Frederick Sheppard Grimwade Non-Executive Director 27/07/2010
Mr Paul Riordan Non-Executive Director 02/10/2012

Management

Name Position
Paul Chambers Chief Financial Officer,Company Secretary
P Ross General Manager Horticulture
B Van Twest General Manager Operations
M Eva General Manager Sales & Marketing - Consumer Products
L Van Driel General Manager Trading & Industrial

Substantial Shareholders

Holding Name
7,168,268 (12.36%) FMR LLC and FIL (formerly FMR Corp and FIL)
5,354,647 (9.23%) Thorney Investment Pty Ltd
3,503,361 (6.04%) AMP Limited

Calendar of Events

Date Event
25 February 2016 Report (Interim)
19 October 2015 Report (Annual)
24 August 2015 Report (Annual)
24 August 2015 Report (Prelim)
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