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Select Harvests
(Sydney:SHV)
Select Model
Select Model
Rating:68Neutral
Price Target:
AU$4.50
▼(-1.96% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily driven by improving financial performance (growth, margin recovery, and sharply stronger free cash flow), which outweighs risks from historical volatility. Technicals are positive but look overheated (RSI/Stoch elevated), and valuation is a drag given the P/E of 23.033 alongside a ~0.72% dividend yield.
Positive Factors
Cash generation
The sharp improvement in free cash flow and solid conversion of earnings into operating cash strengthen Select Harvests’ ability to fund orchard operations, processing, debt service, and investment internally. This provides greater financial resilience if operating conditions fluctuate.
Negative Factors
Revenue and EPS decline
The reported declines in revenue and earnings per share point to weaker recent top-line and per-share performance despite improvement in the latest financial analysis. If sustained, this could limit operating leverage, reduce reinvestment capacity, and weaken earnings momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
The sharp improvement in free cash flow and solid conversion of earnings into operating cash strengthen Select Harvests’ ability to fund orchard operations, processing, debt service, and investment internally. This provides greater financial resilience if operating conditions fluctuate.
Read all positive factors
Select Harvests (SHV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$562.13M
Dividend Yield0.87%
Average Volume (3M)434.49K
Price to Earnings (P/E)18.8
Beta (1Y)0.50
Revenue Growth-5.67%
EPS Growth-9.70%
CountryAU
Employees425
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.21
Shares Outstanding140,532,530
10 Day Avg. Volume484,452
30 Day Avg. Volume434,491
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.09
Price to Sales (P/S)1.44
P/FCF Ratio7.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.80Price Target Upside26.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.41
Revenue Forecast (FY)AU$485.76M
Select Harvests Business Overview & Revenue Model
Company Description
Select Harvests Limited is an Australian company dedicated to the processing, packaging, marketing, and distribution of a diverse range of edible nuts, dried fruits, seeds, muesli, and natural health foods. It operates as a significant grower, pro...
How the Company Makes Money
Select Harvests makes money primarily by selling almonds and almond-based products, with earnings generated across multiple stages of the value chain. (1) Almond production and sales: The company generates revenue from harvesting almonds from its ...
Select Harvests Earnings Call Summary
Earnings Call Date:Nov 25, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 20, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong financial recovery with significant profit increase and debt reduction, driven by improved almond pricing and operational efficiencies. However, challenges such as a reduced crop size, increased production costs, and bee management issues present headwinds.Positive Updates
Record Safety Performance
The company achieved a record TRIFR of 5.5, indicating significant improvements in workplace safety.
Negative Updates
Lower Crop Size
The crop size decreased by 15.7% to 24,903 metric tons, affecting overall production.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Safety Performance
The company achieved a record TRIFR of 5.5, indicating significant improvements in workplace safety.
Read all positive updates
Company Guidance
In the recent Select Harvests 2025 Half Year Results Presentation, the company outlined several key metrics highlighting robust performance and strategic progress. The net profit after tax showed a significant improvement, reaching $31.8 million, up from $900,000 in 2024, despite a 15.7% reduction in crop size to 24,903 metric tons. This was driven by an increase in almond prices, which averaged $10.18 per kilogram, a 32.4% rise compared to the previous year. The company's safety performance reached a record TRIFR of 5.5. Operating cash flow grew to $118.6 million, and net debt was halved to $79.1 million. The company also reported a 2% to 2.4% price premium over global markets, translating to an $8 million gain. While the Board decided not to pay a dividend this year, they aim to resume dividends as debt levels further decrease.Select Harvests Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 352.75M | 397.81M | 336.84M | 205.44M | 235.52M | 228.26M |
| Gross Profit | 6.74M | 68.45M | 32.88M | -26.99M | 25.07M | 44.84M |
| EBITDA | -6.74M | 59.14M | 21.40M | -135.28M | 33.59M | 53.72M |
| Net Income | 29.77M | 31.84M | 1.50M | -114.73M | 4.76M | 15.12M |
Balance Sheet | ||||||
| Total Assets | 1.11B | 937.75M | 1.01B | 913.25M | 1.00B | 1.00B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42M | 1.37M | 2.87M | 1.13M | 1.14M | 2.00M |
| Total Debt | 384.31M | 296.33M | 400.52M | 420.98M | 377.78M | 353.22M |
| Total Liabilities | 554.08M | 414.55M | 529.31M | 501.73M | 494.00M | 476.85M |
| Stockholders Equity | 554.69M | 523.20M | 480.76M | 411.52M | 520.28M | 526.96M |
Cash Flow | ||||||
| Free Cash Flow | 10.89M | 79.03M | 1.34M | -31.23M | -5.95M | -127.34M |
| Operating Cash Flow | 45.05M | 118.64M | 21.35M | -8.25M | 26.30M | 38.19M |
| Investing Cash Flow | -39.90M | -29.49M | -18.39M | -26.15M | -35.57M | -169.72M |
| Financing Cash Flow | -5.52M | -90.65M | 5.09M | 30.74M | 10.27M | 133.25M |
Select Harvests Technical Analysis
Negative
4.59
Price Trends
4.36
Negative
4.19
Negative
4.06
Negative
Market Momentum
-0.10
Negative
42.46
Neutral
31.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHV, the sentiment is Negative. The current price of 4.59 is above the 20-day moving average (MA) of 4.07, above the 50-day MA of 4.36, and above the 200-day MA of 4.06, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 42.46 is Neutral, neither overbought nor oversold. The STOCH value of 31.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SHV.
Select Harvests Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$167.00M | 15.81 | 13.83% | 2.42% | 13.26% | 49.05% | |
68 Neutral | AU$562.13M | 18.84 | 5.52% | 0.87% | -5.67% | -9.70% | |
63 Neutral | AU$1.90B | 35.19 | 5.46% | 2.34% | 6.66% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
49 Neutral | AU$33.25M | -0.51 | 13.40% | 1.21% | 8.82% | 55.22% | |
45 Neutral | AU$22.85M | -2.42 | -27.95% | 6.99% | -0.25% | 60.85% | |
44 Neutral | AU$1.22B | -306.74 | -0.82% | 1.79% | 11.29% | -107.51% |
* Consumer Defensive Sector Average
AU:SHV
Select Harvests
4.00
0.24
6.50%
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6.20
0.98
18.80%
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2.54
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-20.60%
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51.75%
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-43.96%
Select Harvests Corporate Events
Select Harvests Updates Market on Progress of On-Market Share Buy-Back
Sep 28, 2026
Select Harvests Limited, the ASX-listed almond producer, continues to operate an on-market share buy-back program targeting its ordinary fully paid shares under ticker SHV. The company plays a significant role in the Australian agribusiness and nu...
Select Harvests Updates Daily On-Market Share Buy-Back Activity
Sep 27, 2026
Select Harvests Limited, an ASX-listed agricultural and food company trading under ticker SHV, has ordinary fully paid shares as its primary listed security. The company operates within Australia and accesses public equity markets to support its b...
Select Harvests Updates Market on Ongoing On-Market Share Buy-Back
Sep 23, 2026
Select Harvests Limited, an ASX-listed agricultural company, continues to manage its capital structure through an on-market buy-back of its ordinary fully paid shares. The program targets its SHV securities and reflects ongoing engagement with equ...
Select Harvests Updates Market on Progress of On-Market Share Buy-Back
Sep 17, 2026
Select Harvests Limited has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program. The update, dated 18 September 2026, confirms that the buy-back relates to the company’s ordinary fully paid shares...
Select Harvests Continues Active On-Market Share Buy-Back
Sep 15, 2026
Select Harvests Limited has continued its on-market share buy-back program for its ordinary fully paid shares listed under the ASX code SHV, lodging a daily buy-back notification with the exchange. The company reported that a cumulative 2,314,562 ...
Select Harvests Updates ASX on Progress of On-Market Share Buy-Back
Sep 13, 2026
Select Harvests Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for ordinary fully paid shares. The latest filing, dated 14 September 2026, confirms that the buy-back remains active and detai...
Select Harvests Reports Progress on Ongoing On-Market Share Buy-Back
Sep 10, 2026
Select Harvests Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for ordinary fully paid shares under the code SHV. The latest daily buy-back report, dated 11 September 2026, records cumulativ...
Select Harvests lifts crop outlook and rides decade-high almond prices despite wet harvest costs
Sep 7, 2026
Select Harvests expects a near-record 2026 almond crop of 28,800–29,600 metric tonnes, up 16–19% on the prior year, despite unusually wet harvest conditions that triggered significant additional operational costs. Investments of about ...
Select Harvests Issues Daily Update on Ongoing Share Buy-Back
Aug 11, 2026
Select Harvests Limited has provided a daily update on its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest notification dated August 12, 2026, the company reports having repurchased a cumulative 2,118,...
Select Harvests Continues Daily On-Market Share Buy-Back Program
Aug 10, 2026
Select Harvests Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 2,058,202 shares had been repurchased before the previ...
Select Harvests Continues On-Market Share Buy-Back Program
Aug 9, 2026
Select Harvests Limited has reported progress on its on-market share buy-back program, confirming that a total of 1,998,214 ordinary fully paid shares had been repurchased before the previous trading day. The company also disclosed that a further ...
Select Harvests Updates Capital After On-Market Share Buy-Back
Aug 7, 2026
Select Harvests Limited has updated its issued capital details following the cancellation of securities acquired under an on-market share buy-back. The notification to the ASX, dated 7 August 2026 and amending a prior June filing, confirms the red...
Select Harvests Updates Daily On-Market Share Buy-Back Activity
Aug 6, 2026
Select Harvests Limited has continued its on-market share buy-back program, reporting that a total of 1,938,941 ordinary fully paid shares had been repurchased before the previous trading day. On the prior day alone, the company bought back an add...
Select Harvests Continues On-Market Share Buy-Back Program
Aug 5, 2026
Select Harvests Limited, the ASX-listed agribusiness focused on almonds and related food products, continues to manage its capital structure through an on-market share buy-back of its ordinary fully paid shares. The company remains an important su...
Select Harvests Updates Market on Ongoing On-Market Share Buy-Back
Aug 4, 2026
Select Harvests Limited has disclosed an update to its on-market share buy-back program, covering ordinary fully paid shares traded under the ASX code SHV. The company previously announced the buy-back in late May 2026 and continues to report dail...
Select Harvests Updates ASX on Progress of On-Market Share Buy-Back
Aug 2, 2026
Select Harvests Limited has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid shares. The latest daily buy-back notice, dated 3 August 2026, reports that a total of 1,700,764 s...
Select Harvests Details Equity Holdings as Director David Surveyor Departs Board
Jul 31, 2026
Select Harvests Limited has announced the cessation of David Surveyor as a director effective 31 July 2026, lodging a final director’s interest notice with the ASX. The notice details his remaining interests in the company’s securities...
Select Harvests Updates ASX on Ongoing On-Market Share Buy-Back
Jul 30, 2026
Select Harvests Limited has provided an updated notification to the ASX regarding its on-market share buy-back program for ordinary fully paid shares under the code SHV. The latest daily report, dated 31 July 2026, confirms the continued execution...
Select Harvests Updates Market on Progress of On‑Market Share Buy‑Back
Jul 28, 2026
Select Harvests Limited has provided an updated notification to the ASX on its ongoing on‑market share buy‑back program for its ordinary fully paid shares, SHV. As of the latest daily report dated 29 July 2026, the company has bought b...
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.