Professional
Added to YB: 2026-09-22
Pitch date: 2026-09-16
SHV.AX [bullish]
Select Harvests Limited
-1.12%
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 624.4M
Pitch Price
AUD 4.46
Price Target
5.89 (+33%)
Dividend
1.58%
EV/EBITDA
9.63
P/E
21.40
EV/Sales
2.85
Sector
Food Products
Category
value
Select Harvests (ASX:SHV) - Season higher costs; while outlook strengthens
SHV.AX (hold): Select Harvests’ FY26 weather-related harvest costs rose by another $7m, cutting forecast NPAT to $40.5m, but the FY27 outlook is strengthening as the average pool spot price exceeds A$11/kg and US supply expectations decline. Third-party processing volume rose 88% to over 13,800 tonnes. The A$5.89 blended valuation is supported by the positive earnings cycle, while SHV trades at an approximately 20% discount to peers; currency and seasonal water conditions remain sensitivities.
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