T&G Global Limited (TGG) AI Stock Analysis

T&G Global Limited

(NZX:TGG)

Select Model

Rating:52Neutral

Price Target:NZD 2.00▼(-9.09% Downside)

Action:initiatedcoverage

Date:10/05/26

The score is driven primarily by improving financial performance (return to profitability and much stronger free cash flow), partially offset by higher leverage and historically volatile results. Technicals are a meaningful drag due to a clear downtrend and weak momentum indicators. Valuation is neutral-to-slightly supportive with a moderate P/E, but the absence of a dividend yield reduces attractiveness.

Positive Factors

Improved Cash GenerationThe sharp improvement in operating and free cash flow indicates better cash conversion and operating discipline in the latest year. If sustained, stronger internally generated funds can support investment, debt reduction, and resilience across the next several quarters.

Negative Factors

Higher LeverageThe materially higher debt-to-equity ratio leaves T&G more exposed to operating volatility and debt-service demands. Although equity and assets remain sizable, increased leverage reduces financial flexibility and may constrain investment or shareholder returns if trading weakens.

T&G Global Limited (TGG) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 269.60M
Dividend Yield: ―
Average Volume (3M): 1,738
Price to Earnings (P/E): 21.2
Beta (1Y): 0.35
Revenue Growth: -17.18%
EPS Growth: 196.29%
Country: NZ
Employees: 1,780
Sector: General
Sector Strength: 55
Industry: Agricultural Farm Products

T&G Global Limited Business Overview & Revenue Model

Company Description

T&G Global Limited, an Auckland, New Zealand-based company established in 1897, operates as a significant international marketer, seller, and distributor of fresh produce. The firm champions renowned brands such as JAZZ, envy, and Orchard Rd, offerin...

How the Company Makes Money

T&G primarily makes money by selling fresh produce through integrated supply chains, earning revenue at multiple points from growing/own-orchard production, post-harvest services, and marketing/distribution. Key revenue streams include: (1) Produce s...

T&G Global Limited Financial Statement Overview

Summary

Financials show a near-term turnaround with 2025 returning to positive net income and stronger revenue growth, alongside a sharp improvement in operating cash flow and free cash flow. Offsetting this, profitability remains thin (low net margin) and results have been volatile across recent years. Balance-sheet risk increased as leverage rose materially (higher debt-to-equity), keeping the overall financial profile closer to “recovering” than consistently strong.

Income Statement

56Neutral

Balance Sheet

48Neutral

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.21B	1.56B	1.31B	1.33B	1.30B	1.37B
Gross Profit	103.27M	127.23M	307.01M	85.36M	100.02M	129.26M
EBITDA	64.45M	91.85M	73.33M	11.51M	71.13M	77.28M
Net Income	12.70M	10.21M	-16.03M	-51.16M	-5.47M	8.88M
Balance Sheet
Total Assets	1.29B	1.14B	1.13B	1.08B	1.08B	984.28M
Cash, Cash Equivalents and Short-Term Investments	72.66M	49.13M	46.80M	32.78M	58.52M	59.01M
Total Debt	473.56M	587.15M	413.50M	371.31M	305.42M	199.30M
Total Liabilities	824.32M	629.40M	638.89M	553.32M	503.19M	410.68M
Stockholders Equity	448.61M	491.90M	470.14M	504.42M	563.25M	560.08M
Cash Flow
Free Cash Flow	40.47M	61.81M	12.61M	-50.51M	-107.14M	5.01M
Operating Cash Flow	71.27M	91.95M	60.67M	25.56M	-468.00K	58.21M
Investing Cash Flow	-17.33M	-16.02M	-22.97M	-59.54M	-64.65M	60.79M
Financing Cash Flow	-63.08M	-75.54M	-29.75M	1.98M	61.62M	-103.79M

T&G Global Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price2.20

Price Trends

50DMA2.27Negative

100DMA2.31Negative

200DMA2.39Negative

Market Momentum

MACD-0.02Positive

RSI47.09Neutral

STOCH38.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:TGG, the sentiment is Negative. The current price of 2.20 is below the 20-day moving average (MA) of 2.22, below the 50-day MA of 2.27, and below the 200-day MA of 2.39, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 47.09 is Neutral, neither overbought nor oversold. The STOCH value of 38.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:TGG.

T&G Global Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NZ:TGG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:SEK	74Outperform	NZD 212.79M	5.20	―	12.84%	0.48%	38.02%
NZ:SCL	69Neutral	NZD 960.09M	11.29	―	4.15%	100.12%	60.22%
NZ:DGL	67Neutral	NZD 420.70M	10.67	―	6.22%	4.14%	-19.51%
NZ:SAN	66Neutral	NZD 640.52M	8.90	9.48%	1.72%	-4.16%	91.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NZ:NZK	54Neutral	NZD 129.16M	-13.64	-4.98%	―	―	―
NZ:TGG	52Neutral	NZD 269.60M	21.21	―	―	-17.18%	196.29%

* General Sector Average

Performance Comparison

NZ:TGG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:TGG	T&G Global Limited	2.20	-0.16	-6.78%
NZ:NZK	New Zealand King Salmon Investments Ltd.	0.24	0.04	20.00%
NZ:SAN	Sanford	6.85	0.80	13.15%
NZ:SCL	Scales Corp. Ltd.	6.55	0.81	14.07%
NZ:SEK	Seeka Limited	5.04	1.01	24.94%
NZ:DGL	Delegat Group Limited	4.16	0.26	6.75%

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.

Date of analysis: Oct 05, 2026

T&G Global Limited AI Stock Analysis