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Select Harvests

ASX:SHV
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHV
ASX
A$735M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Select Harvests Limited engages in processing, packaging, marketing, and distributing edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The last earnings update was 319 days ago. More info.


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SHV Share Price and Events
7 Day Returns
0.3%
ASX:SHV
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
48.3%
ASX:SHV
-10%
AU Food
9.9%
AU Market
SHV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Select Harvests (SHV) 0.3% 1.9% 8.2% 48.3% 20.9% 30.6%
AU Food -0.4% 2.4% -2.3% -10% -6.5% 31.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • SHV outperformed the Food industry which returned -10% over the past year.
  • SHV outperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
SHV
Industry
5yr Volatility vs Market

Value

 Is Select Harvests undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Select Harvests to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Select Harvests.

ASX:SHV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SHV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.542 (1 + (1- 30%) (8.95%))
0.716
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:SHV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Select Harvests is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:SHV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 49.60 Analyst x1 46.32
2021 51.30 Analyst x1 44.74
2022 53.00 Analyst x1 43.17
2023 53.10 Analyst x1 40.39
2024 53.20 Analyst x1 37.79
2025 53.63 Est @ 0.81% 35.58
2026 54.31 Est @ 1.26% 33.65
2027 55.17 Est @ 1.58% 31.92
2028 56.16 Est @ 1.8% 30.34
2029 57.26 Est @ 1.95% 28.89
Present value of next 10 years cash flows A$372.00
ASX:SHV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$57.26 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$1,228.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,228.62 ÷ (1 + 7.08%)10
A$619.92
ASX:SHV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$372.00 + A$619.92
A$991.92
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$991.92 / 95.74
A$10.36
ASX:SHV Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$10.36
Current discount Discount to share price of A$7.68
= -1 x (A$7.68 - A$10.36) / A$10.36
25.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Select Harvests is available for.
Intrinsic value
26%
Share price is A$7.68 vs Future cash flow value of A$10.36
Current Discount Checks
For Select Harvests to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Select Harvests's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Select Harvests's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Select Harvests's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Select Harvests's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SHV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in AUD A$-0.06
ASX:SHV Share Price ** ASX (2019-10-11) in AUD A$7.68
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 25.25x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Select Harvests.

ASX:SHV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SHV Share Price ÷ EPS (both in AUD)

= 7.68 ÷ -0.06

-119.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Select Harvests is loss making, we can't compare its value to the AU Food industry average.
  • Select Harvests is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Select Harvests's expected growth come at a high price?
Raw Data
ASX:SHV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -119.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.9%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.47x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Select Harvests, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Select Harvests's assets?
Raw Data
ASX:SHV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in AUD A$3.89
ASX:SHV Share Price * ASX (2019-10-11) in AUD A$7.68
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.24x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:SHV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SHV Share Price ÷ Book Value per Share (both in AUD)

= 7.68 ÷ 3.89

1.97x

* Primary Listing of Select Harvests.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Select Harvests is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Select Harvests's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Select Harvests has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Select Harvests expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Select Harvests expected to grow at an attractive rate?
  • Select Harvests's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Select Harvests's earnings growth is positive but not above the Australia market average.
  • Select Harvests's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SHV Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SHV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.9%
ASX:SHV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.9%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 35.7%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SHV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SHV Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 350 58 50 1
2023-06-30 339 58 49 1
2022-06-30 326 58 47 1
2021-09-30 270 59 47 2
2021-06-30 290 56 42 2
2020-09-30 290 50 44 3
2020-06-30 281 55 40 2
2019-10-13
2019-09-30 287 45 49 3
2019-06-30 288 58 42 2
ASX:SHV Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-09-30 270 99 -6
2018-06-30 207 18 20
2018-03-31 216 15 12
2017-12-31 225 12 4
2017-09-30 232 8 7
2017-06-30 240 5 9
2017-03-31 242 11 15
2016-12-31 244 18 22
2016-09-30 265 55 28
2016-06-30 286 93 34
2016-03-31 288 49
2015-12-31 289 93 64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Select Harvests's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Select Harvests's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SHV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Select Harvests Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SHV Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 0.52 0.52 0.52 1.00
2023-06-30 0.51 0.51 0.51 1.00
2022-06-30 0.49 0.49 0.49 1.00
2021-09-30 0.48 0.52 0.43 4.00
2021-06-30 0.44 0.44 0.44 2.00
2020-09-30 0.46 0.54 0.41 5.00
2020-06-30 0.41 0.43 0.40 2.00
2019-10-13
2019-09-30 0.51 0.54 0.50 5.00
2019-06-30 0.44 0.45 0.44 2.00
ASX:SHV Past Financials Data
Date (Data in AUD Millions) EPS *
2018-09-30 -0.06
2018-06-30 0.23
2018-03-31 0.15
2017-12-31 0.05
2017-09-30 0.09
2017-06-30 0.13
2017-03-31 0.21
2016-12-31 0.29
2016-09-30 0.38
2016-06-30 0.47
2016-03-31 0.67
2015-12-31 0.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Select Harvests is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Select Harvests's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Select Harvests has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Select Harvests performed over the past 5 years?

  • Select Harvests's last earnings update was 319 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Select Harvests's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Select Harvests does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Select Harvests's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Select Harvests's 1-year growth to the AU Food industry average as it is not currently profitable.
Earnings and Revenue History
Select Harvests's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Select Harvests Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SHV Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 270.00 -6.14 15.94
2018-06-30 206.55 20.37 13.19
2018-03-31 215.62 12.14 13.05
2017-12-31 224.69 3.91 12.91
2017-09-30 232.34 6.58 13.29
2017-06-30 239.98 9.25 13.66
2017-03-31 242.11 15.38 13.92
2016-12-31 244.24 21.51 14.18
2016-09-30 265.08 27.65 13.95
2016-06-30 285.92 33.80 13.72
2016-03-31 287.64 48.76 12.99
2015-12-31 289.35 63.72 12.25
2015-09-30 256.50 60.24 12.13
2015-06-30 223.64 56.77 12.01
2015-03-31 205.92 38.49 11.58
2014-12-31 188.21 20.22 11.15
2014-09-30 188.20 20.93 11.34
2014-06-30 188.19 21.64 11.54
2014-03-31 190.58 34.88 12.37
2013-12-31 192.98 40.76 13.21
2013-09-30 192.00 21.81 13.20
2013-06-30 191.03 2.87 13.19
2013-03-31 203.48 -13.56 13.24
2012-12-31 215.94 -29.98 13.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Select Harvests has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Select Harvests has efficiently used its assets last year compared to the AU Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Select Harvests improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Select Harvests's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Select Harvests has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Select Harvests's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Select Harvests's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Select Harvests is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Select Harvests's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Select Harvests's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Select Harvests Company Filings, last reported 1 year ago.

ASX:SHV Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 370.64 30.65 6.87
2018-06-30 378.64 34.66 0.41
2018-03-31 378.64 34.66 0.41
2017-12-31 369.86 6.53 0.66
2017-09-30 369.86 6.53 0.66
2017-06-30 277.62 105.49 1.06
2017-03-31 277.62 105.49 1.06
2016-12-31 284.66 9.28 2.19
2016-09-30 284.66 9.28 2.19
2016-06-30 290.90 26.89 1.44
2016-03-31 290.90 26.89 1.44
2015-12-31 295.12 28.34 12.75
2015-09-30 295.12 28.34 12.75
2015-06-30 287.39 110.11 0.27
2015-03-31 287.39 110.11 0.27
2014-12-31 262.08 101.95 3.30
2014-09-30 262.08 101.95 3.30
2014-06-30 175.41 101.39 6.31
2014-03-31 182.77 101.39 6.31
2013-12-31 176.10 82.98 3.29
2013-09-30 176.10 82.98 3.29
2013-06-30 159.51 88.69 8.94
2013-03-31 159.51 88.69 8.94
2012-12-31 139.66 66.25 5.03
  • Select Harvests's level of debt (8.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.1% vs 8.3% today).
  • Debt is well covered by operating cash flow (324.4%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Select Harvests's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Select Harvests's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Select Harvests has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Select Harvests's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.13%
Current annual income from Select Harvests dividends. Estimated to be 3.22% next year.
If you bought A$2,000 of Select Harvests shares you are expected to receive A$63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Select Harvests's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • Select Harvests's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SHV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SHV Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 0.28 1.00
2023-06-30 0.28 1.00
2022-06-30 0.27 1.00
2021-09-30 0.25 4.00
2021-06-30 0.27 2.00
2020-09-30 0.23 5.00
2020-06-30 0.23 2.00
2019-10-13
2019-09-30 0.26 5.00
2019-06-30 0.24 2.00
ASX:SHV Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-05-30 0.240 3.259
2018-08-27 0.140 2.381
2018-03-19 0.100 1.595
2017-08-24 0.000 0.000
2017-02-27 0.350 7.066
2016-08-25 0.460 7.492
2015-08-20 0.500 7.364
2014-08-27 0.200 2.629
2013-08-21 0.120 2.310
2013-02-21 0.060 1.980
2012-08-31 0.080 5.925
2011-08-29 0.130 8.606
2010-08-26 0.220 8.376
2010-02-15 0.200 5.056
2009-08-28 0.000 0.000
2009-02-25 0.350 11.631

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Select Harvests's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Select Harvests's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Select Harvests afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Select Harvests has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Select Harvests's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Thompson
COMPENSATION A$967,861
TENURE AS CEO 7.3 years
CEO Bio

Mr. Paul Thompson, B Bus and MAICD, has been the Chief Executive Officer and Managing Director of Select Harvests Limited since July 9, 2012. Mr. Thompson is an experienced executive with over 30 years of management experience. He began his career as a Management Trainee at Shell Australia rising to become Territory Manager, LPG for New South Wales. Mr. Thompson became Chief Executive Officer of Carter Holt Harvey Tissue before the business was acquired by SCA, one of the world's largest personal care and tissue products manufacturers. As President of SCA Hygiene Australasia, Mr. Thompson was responsible for a $600 million turnover business across all of its divisions (FMCG, Pharmacy, Industrial/Foodservice & Healthcare). He has been an Executive Director of Select Harvests Limited since July 9, 2012. He also oversaw leading brands including Sorbent and Handee. Mr. Thompson is a member of the Australian Institute of Company Directors and has formerly held positions as a Director of the Australian Food & Grocery Council, Councilor in the Australian Industry Group and member of the CEO Forum. He was also an industry representative on the Pulp & Paper Industry Strategy Group which provided recommendations to the Federal Government on future strategy for the Pulp and Paper industry. Mr. Thompson attended Melbourne Grammar School before graduating from Monash University with a Bachelor of Business (Marketing).

CEO Compensation
  • Paul's compensation has increased whilst company is loss making.
  • Paul's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Select Harvests management team in years:

1.9
Average Tenure
  • The average tenure for the Select Harvests management team is less than 2 years, this suggests a new team.
Management Team

Paul Thompson

TITLE
MD, CEO & Executive Director
COMPENSATION
A$968K
TENURE
7.3 yrs

Brad Crump

TITLE
CFO & Company Secretary
COMPENSATION
A$446K
TENURE
1.9 yrs

Peter Ross

TITLE
General Manager of Almond Operations
COMPENSATION
A$415K
TENURE
6.9 yrs

Laurence Van Driel

TITLE
GM of Trading & Industrial and Group Trading Manager
COMPENSATION
A$444K

Ben Brown

TITLE
General Manager of Horticulture
COMPENSATION
A$373K
TENURE
1.5 yrs

Urania Cecco

TITLE
General Manager of People
TENURE
0.3 yrs

Rob Anstey

TITLE
Financial Controller of Food Products Division
Board of Directors Tenure

Average tenure and age of the Select Harvests board of directors in years:

7.6
Average Tenure
63
Average Age
  • The tenure for the Select Harvests board of directors is about average.
Board of Directors

Michael Iwaniw

TITLE
Chairman of the Board
COMPENSATION
A$212K
AGE
72
TENURE
7.9 yrs

Paul Thompson

TITLE
MD, CEO & Executive Director
COMPENSATION
A$968K
TENURE
7.3 yrs

Mike Carroll

TITLE
Non-Executive Director
COMPENSATION
A$107K
TENURE
10.6 yrs

Fiona Rosalyn Bennett

TITLE
Non-Executive Director
COMPENSATION
A$101K
AGE
63
TENURE
2.3 yrs

Fred Grimwade

TITLE
Non-Executive Director
COMPENSATION
A$94K
AGE
61
TENURE
9.3 yrs

Nicki Anderson

TITLE
Non-Executive Director
COMPENSATION
A$94K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
26. Aug 19 Sell Perpetual Limited Company 21. Aug 19 22. Aug 19 -3,000,000 A$7.89 A$-23,671,319
26. Aug 19 Buy Perpetual Limited Company 12. Aug 19 20. Aug 19 458,509 A$7.10 A$3,256,525
14. Aug 19 Sell Paradice Investment Management Pty Ltd. Company 05. Jul 19 05. Jul 19 -690 A$7.35 A$-5,069
14. Aug 19 Buy Paradice Investment Management Pty Ltd. Company 25. Jun 19 12. Aug 19 996,762 A$7.78 A$7,560,775
08. Aug 19 Sell Perpetual Limited Company 18. Jul 19 18. Jul 19 -453,768 A$7.11 A$-3,228,469
08. Aug 19 Buy Perpetual Limited Company 14. May 19 06. Aug 19 1,625,873 A$7.12 A$11,577,260
20. Jul 19 Buy Paradice Investment Management Pty Ltd. Company 07. Feb 19 04. Jun 19 5,334,751 A$7.12 A$34,571,484
26. Jun 19 Buy Paradice Investment Management Pty Ltd. Company 05. Jun 19 24. Jun 19 961,136 A$7.09 A$6,606,752
15. May 19 Sell Perpetual Limited Company 05. Apr 19 05. Apr 19 -204,160 A$6.53 A$-1,333,757
15. May 19 Buy Perpetual Limited Company 08. Mar 19 13. May 19 1,176,483 A$6.17 A$7,261,733
06. Mar 19 Sell Perpetual Limited Company 19. Dec 18 04. Mar 19 -2,808,262 A$5.98 A$-16,801,996
06. Mar 19 Buy Perpetual Limited Company 19. Dec 18 04. Mar 19 982,597 A$6.03 A$5,924,450
14. Jan 19 Sell FMR LLC Company 10. Jan 19 10. Jan 19 -45,900 A$6.00 A$-275,400
07. Jan 19 Sell FMR LLC Company 05. Sep 18 03. Jan 19 -1,494,808 A$6.17 A$-9,215,492
20. Dec 18 Buy Perpetual Limited Company 09. Nov 18 18. Dec 18 1,033,946 A$5.68 A$5,868,464
17. Dec 18 Sell Frederick Grimwade Individual 13. Dec 18 13. Dec 18 -6,375 A$6.31 A$-40,195
09. Dec 18 Sell Frederick Grimwade Individual 04. Dec 18 07. Dec 18 -20,000 A$5.99 A$-119,800
01. Nov 18 Buy Perpetual Limited Company 10. Oct 18 30. Oct 18 997,183 A$5.17 A$5,153,792
X
Management checks
We assess Select Harvests's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Select Harvests has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Select Harvests Limited's (ASX:SHV) ROE Of 5.4% Concerning?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Over the last twelve months Select Harvests has recorded a ROE of 5.4%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Select Harvests Limited's (ASX:SHV) Return On Capital?

and looking to gauge the potential return on investment in Select Harvests Limited (ASX:SHV). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand Select Harvests’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What You Must Know About Select Harvests Limited's (ASX:SHV) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Calculating The Intrinsic Value Of Select Harvests Limited (ASX:SHV)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Select Harvests Limited (ASX:SHV) as an investment opportunity. … by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF).

Simply Wall St -

Who Really Owns Select Harvests Limited (ASX:SHV)?

In this article, I'm going to take a look at Select Harvests Limited’s (ASX:SHV) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … ASX:SHV Ownership Summary July 25th 18

Simply Wall St -

Is Select Harvests Limited (ASX:SHV) A Strong Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … In the past 10 years Select Harvests Limited (ASX:SHV) has returned an average of 6.00% per year to investors in the form of dividend payouts. … Let's take a look at Select Harvests in more detail.

Simply Wall St -

Should You Follow This Trend For Select Harvests Limited (ASX:SHV)?

some insider buying over the past three months, with insiders investing in. … It is widely considered that insider buying stock in their own companies is potentially a bullish signal … A two-decade research published in The MIT Press (1998) showed that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

Does Select Harvests Limited's (ASX:SHV) June Stock Price Reflect Its Future Growth?

Select Harvests Limited (ASX:SHV) closed yesterday at A$7.41, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Select Harvests's growth potential is very attractive

Simply Wall St -

What Is Driving Select Harvests Limited's (ASX:SHV) Margins In The Future?

Select Harvests Limited (ASX:SHV) to … triple digit earnings growth … it's important to take a step back

Simply Wall St -

What Should You Know About Select Harvests Limited's (ASX:SHV) Profit Margin?

To get a preliminary understanding, I will try to evaluate Select Harvests's margin behaviour so investors can evaluate the revenue and cost drivers behind future earnings projections and understand how they may impact on returns compared to the industry. … Margin Calculation for SHV Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 3.91 Million ÷ 224.69 Million = 1.74% There has been an expansion in Select Harvests's margin over the past five years, due to average net income growth of 16.81% outstripping 1.57% in average revenue growth, which suggests that the company has been able to convert a larger percentage of revenue into net income whilst grow their top line at the same time. … Using Select Harvests's margin expectations as a way to understand projections for the future Based on future expectations, SHV's profit margin will continue to expand, with annual revenue growth tipped at 6.55% and a forecasted 19.28% in annual net income growth.

Simply Wall St -

Company Info

Description

Select Harvests Limited engages in processing, packaging, marketing, and distributing edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates through Almond Division and Food Division segments. It also grows, processes, and sells almonds to the food industry from company owned and leased almond orchards; and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, and land and irrigation infrastructure rental, as well as markets and sells almonds on behalf of external investors. In addition, the company offers health snacks and muesli; and holds a portfolio of approximately 4,000 hectares of company owned, leased, and joint venture almond orchards. It also exports its products to India and China, as well as rest of Asia, Europe, and the Middle East. The company offers its products to retailers, distributors, and industrial users under the Lucky, Sunsol, NuVitality, and Soland brands in the retail markets, as well as the Renshaw and Allinga Farms brands in the wholesale and industrial markets. The company is headquartered in Thomastown, Australia.

Details
Name: Select Harvests Limited
SHV
Exchange: ASX
Founded:
A$735,257,303
95,736,628
Website: http://www.selectharvests.com.au
Address: Select Harvests Limited
360 Settlement Road,
PO Box 5,
Thomastown,
Victoria, 3074,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SHV Ordinary Shares Australian Securities Exchange AU AUD 01. Jan 1992
OTCPK SHVT.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1992
DB H0I Ordinary Shares Deutsche Boerse AG DE EUR 01. Jan 1992
CHIA SHV Ordinary Shares Chi-X Australia AU AUD 01. Jan 1992
Number of employees
Current staff
Staff numbers
551
Select Harvests employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:35
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/01
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.