Professional
Added to YB: 2026-07-24
Pitch date: 2026-07-22
SHV.AX [bullish]
Select Harvests Limited
+2.14%
current return
Author Info
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Company Info
Select Harvests Limited engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.
Market Cap
AUD 577.2M
Pitch Price
AUD 4.20
Price Target
5.93 (+39%)
Dividend
1.71%
EV/EBITDA
9.18
P/E
19.76
EV/Sales
2.72
Sector
Food Products
Category
value
Select Harvests (ASX:SHV) - Gaining momentum into almond strength
SHV.AX: Australia's 2nd-largest almond grower/exporter (80% exports). Bull: declining US crop tightening supply vs 5-6% demand growth lifting prices to ~A$10.50/kg; 32% cost advantage vs US; China preferential tariff (60% share). H1FY26 rev +43.5%, EBIT +27%, NPAT +33%; normalized 29,500MT crop, PMO savings $15m, 3rd-party processing pillar. Div resumed + 10% buyback. Trades 7x EBIT vs 11x peers. Blended val A$5.93 (DCF A$6.98). Risks: weather/El Nino, input costs, tariffs, agri cyclicality.
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