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Bega Cheese Limited
(Sydney:BGA)
Select Model
Select Model
Rating:63Neutral
Price Target:
AU$7.00
▲(18.64% Upside)
Action:Reiterated
Date:08/21/26
The score reflects a stabilizing financial recovery but still-thin margins and volatile earnings/cash flow (most impactful constraint), partially offset by strong technical momentum with the stock above key moving averages. A high P/E and modest dividend yield weigh on the overall attractiveness.
Positive Factors
Revenue recovery and improved profitability
The return to positive earnings alongside improving revenue indicates recovery in the operating model. Sustaining this trend could strengthen Bega’s financial base, improve scale benefits and support investment across branded and processed-food categories.
Negative Factors
Thin operating and net profit margins
Thin margins leave limited protection against higher milk, energy, logistics or promotional costs. They also make profitability more dependent on pricing, product mix and manufacturing efficiency, reducing the durability of earnings when cost pressures persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and improved profitability
The return to positive earnings alongside improving revenue indicates recovery in the operating model. Sustaining this trend could strengthen Bega’s financial base, improve scale benefits and support investment across branded and processed-food categories.
Read all positive factors
Bega Cheese Limited (BGA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.87B
Dividend Yield2.38%
Average Volume (3M)736.39K
Price to Earnings (P/E)34.6
Beta (1Y)0.83
Revenue Growth6.66%
EPS GrowthN/A
CountryAU
Employees3,900
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.18
Shares Outstanding305,572,900
10 Day Avg. Volume817,507
30 Day Avg. Volume736,389
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.80
Price to Sales (P/S)0.48
P/FCF Ratio74.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.94Price Target Upside17.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.26
Revenue Forecast (FY)AU$3.92B
Bega Cheese Limited Business Overview & Revenue Model
Company Description
Established in 1899 and based in Bega, Australia, Bega Cheese Limited is a comprehensive food company engaged in sourcing, processing, manufacturing, and distributing a wide array of dairy and other food products. Its operations are divided into t...
How the Company Makes Money
Bega Cheese makes money primarily by manufacturing and selling branded and private-label food products, as well as supplying dairy-based ingredients to other food companies.
Key revenue streams include:
1) Branded consumer product sales (Retail/G...
Bega Cheese Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
67
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.77B | 3.55B | 3.52B | 3.38B | 3.01B |
| Gross Profit | 785.50M | 741.30M | 698.50M | 656.40M | 689.40M |
| EBITDA | 190.10M | 107.90M | 151.80M | -130.00M | 146.00M |
| Net Income | 54.80M | -8.50M | 30.50M | -229.90M | 24.20M |
Balance Sheet | |||||
| Total Assets | 2.22B | 2.04B | 2.14B | 2.15B | 2.36B |
| Cash, Cash Equivalents and Short-Term Investments | 133.40M | 120.90M | 65.60M | 66.40M | 44.90M |
| Total Debt | 467.50M | 439.60M | 418.90M | 467.10M | 422.80M |
| Total Liabilities | 1.22B | 1.06B | 1.12B | 1.15B | 1.10B |
| Stockholders Equity | 996.80M | 980.20M | 1.01B | 1.00B | 1.26B |
Cash Flow | |||||
| Free Cash Flow | 24.10M | 70.60M | 59.70M | -59.90M | 86.40M |
| Operating Cash Flow | 129.30M | 165.00M | 134.30M | 8.20M | 158.20M |
| Investing Cash Flow | -95.70M | -76.30M | -52.30M | 99.90M | -63.80M |
| Financing Cash Flow | -21.10M | -33.40M | -82.80M | -86.60M | -136.70M |
Bega Cheese Limited Technical Analysis
Positive
5.90
Price Trends
6.03
Positive
5.73
Positive
5.82
Positive
Market Momentum
0.03
Positive
49.07
Neutral
18.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BGA, the sentiment is Positive. The current price of 5.9 is below the 20-day moving average (MA) of 6.14, below the 50-day MA of 6.03, and above the 200-day MA of 5.82, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 49.07 is Neutral, neither overbought nor oversold. The STOCH value of 18.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BGA.
Bega Cheese Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$147.79M | 17.86 | 12.22% | 2.27% | 27.60% | 96.31% | |
63 Neutral | AU$1.87B | 34.57 | 5.46% | 1.95% | 6.66% | ― | |
63 Neutral | AU$696.33M | 23.03 | 5.52% | 0.79% | -5.67% | -9.70% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
49 Neutral | AU$33.25M | -0.51 | 13.40% | ― | 8.82% | 55.22% | |
48 Neutral | AU$83.15M | -19.23 | -11.08% | ― | 9.08% | -183.87% | |
44 Neutral | AU$1.44B | -335.96 | -0.82% | 1.32% | 11.29% | -107.51% |
* Consumer Defensive Sector Average
AU:BGA
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Bega Cheese Limited Corporate Events
Bega Cheese Updates Corporate Governance Framework Effective June 2026
Aug 19, 2026
Bega Cheese Limited has released its Corporate Governance Statement, noting that the framework became effective from 30 June 2026 and has been lodged in line with ASX Listing Rule 4.7.4.The publication underscores the company’s commitment to...
Bega Cheese Files 2026 Corporate Governance Appendix 4G with ASX
Aug 19, 2026
Bega Cheese Limited has lodged its Appendix 4G for the financial year ended 30 June 2026, outlining how the company reports against the ASX Corporate Governance Council’s principles and recommendations. The filing confirms that Bega’s ...
Bega Group posts strong profit rebound and lifts earnings ambitions to 2031
Aug 19, 2026
Bega Group reported strong FY2026 results, with revenue rising 6.7% to $3.77 billion and statutory EBITDA up 22% to $202.3 million, returning the business to a solid profit after a prior-year loss. Normalised EBITDA grew 12% to $225.6 million, sup...
Bega Cheese Declares Interim Dividend of 7.5 Cents Per Share
Aug 19, 2026
Bega Cheese Limited has declared an ordinary fully paid share dividend of AUD 0.075 per share for the six-month period ended 30 June 2026. The distribution will be paid on 1 October 2026, with shares trading ex-dividend from 25 August and a record...
Bega Cheese Files 2026 Annual Report and Preliminary Final Results
Aug 19, 2026
Bega Cheese Limited has lodged its 2026 Annual Report and Appendix 4E for the year ended 30 June 2026 with the ASX, providing shareholders and the market with its preliminary final financial results. The company advises that the preliminary report...
State Street Group Ceases to Be Substantial Holder in Bega Cheese
Jun 22, 2026
State Street Corporation and a group of its asset management subsidiaries have lodged a notice that they have ceased to be substantial shareholders in Bega Cheese Limited. The filing indicates that their collective relevant interest in Bega’...
Bega Cheese Sets August Call to Present FY2026 Results
Jun 19, 2026
Bega Cheese Limited has scheduled a conference call on 20 August 2026 to present its full-year FY2026 financial results. The results will be outlined by Executive Chairman Barry Irvin, Chief Executive Officer Peter Findlay, and Chief Financial Off...
State Street-Linked Entities Exit Substantial Holding in Bega Cheese
Jun 5, 2026
Bega Cheese Limited has disclosed that entities related to State Street Corporation, including State Street Global Advisors and associated subsidiaries, have ceased to be substantial shareholders in the company as of 3 June 2026. The notice, lodge...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.