Bega Cheese Limited (AU:BGA)
ASX:BGA
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Bega Cheese Limited
(Sydney:BGA)
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Rating:51Neutral
Price Target:
AU$5.00
▼(-15.25% Downside)
Action:ReiteratedDate:11/13/25
Bega Cheese Limited's overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability issues. The technical analysis shows bullish momentum, but the valuation suggests the stock may be overvalued. The absence of earnings call and corporate events data limits additional insights.
Positive Factors
Diversified revenue streams
Bega operates across branded consumer goods, private-label manufacturing, ingredient/bulk sales and exports. This multi-channel model reduces single-customer or single-market dependence, supports steadier volumes and margin mix, and improves resilience to localized demand swings over months.
Negative Factors
Sharp revenue decline
A very large revenue fall (-71.6%) materially reduces scale, harms plant utilisation and fixed-cost absorption, and can erode negotiating leverage with retailers. Recovery to prior volumes is required to restore normalised margins and justify ongoing brand and capacity investments over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Bega operates across branded consumer goods, private-label manufacturing, ingredient/bulk sales and exports. This multi-channel model reduces single-customer or single-market dependence, supports steadier volumes and margin mix, and improves resilience to localized demand swings over months.
Read all positive factors
Bega Cheese Limited (BGA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.56B
Dividend Yield1.95%
Average Volume (3M)561.18K
Price to Earnings (P/E)9.9
Beta (1Y)0.95
Revenue Growth1.47%
EPS Growth-76.20%
CountryAU
Employees3,900
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.02
Shares Outstanding305,572,900
10 Day Avg. Volume620,121
30 Day Avg. Volume561,182
Financial Highlights & Ratios
PEG Ratio1.53
Price to Book (P/B)1.70
Price to Sales (P/S)0.47
P/FCF Ratio23.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.53Price Target Upside10.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.23
Revenue Forecast (FY)AU$3.75B
Bega Cheese Limited Business Overview & Revenue Model
Company Description
Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia. The company operates in two segments, Branded and Bulk. The Branded segment manufactures value added consumer products for o...
How the Company Makes Money
Bega Cheese makes money primarily by manufacturing and selling branded and private-label food products to supermarkets, grocery wholesalers, and foodservice customers. Revenue is generated from (1) branded consumer packaged goods sales, where Bega...
Bega Cheese Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.63B | 3.55B | 3.52B | 3.38B | 3.01B | 2.07B |
| Gross Profit | 756.00M | 741.30M | 698.50M | 656.40M | 689.40M | 465.20M |
| EBITDA | 132.60M | 107.90M | 151.80M | -130.00M | 146.00M | 178.50M |
| Net Income | 8.20M | -8.50M | 30.50M | -229.90M | 24.20M | 72.20M |
Balance Sheet | ||||||
| Total Assets | 2.19B | 2.04B | 2.14B | 2.15B | 2.36B | 2.51B |
| Cash, Cash Equivalents and Short-Term Investments | 75.20M | 120.90M | 65.60M | 66.40M | 44.90M | 87.20M |
| Total Debt | 654.20M | 439.60M | 418.90M | 467.10M | 422.80M | 496.50M |
| Total Liabilities | 1.18B | 1.06B | 1.12B | 1.15B | 1.10B | 1.24B |
| Stockholders Equity | 1.01B | 980.20M | 1.01B | 1.00B | 1.26B | 1.27B |
Cash Flow | ||||||
| Free Cash Flow | 37.50M | 70.60M | 59.70M | -59.90M | 86.40M | 79.20M |
| Operating Cash Flow | 135.60M | 165.00M | 134.30M | 8.20M | 158.20M | 111.40M |
| Investing Cash Flow | -89.40M | -76.30M | -52.30M | 99.90M | -63.80M | -546.70M |
| Financing Cash Flow | -28.80M | -33.40M | -82.80M | -86.60M | -136.70M | 499.60M |
Bega Cheese Limited Technical Analysis
Neutral
5.90
Price Trends
6.00
Negative
5.97
Negative
5.63
Positive
Market Momentum
0.01
Positive
45.43
Neutral
16.21
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BGA, the sentiment is Neutral. The current price of 5.9 is below the 20-day moving average (MA) of 5.94, below the 50-day MA of 6.00, and above the 200-day MA of 5.63, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 45.43 is Neutral, neither overbought nor oversold. The STOCH value of 16.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BGA.
Bega Cheese Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | AU$89.41M | 17.11 | 8.70% | ― | 23.29% | ― | |
51 Neutral | AU$1.56B | 9.86 | 0.82% | 1.95% | 1.47% | -76.20% | |
43 Neutral | AU$18.03M | -2.06 | -41.69% | ― | 53.69% | 45.24% | |
40 Underperform | AU$29.10M | -0.37 | 19.78% | ― | 6.22% | 39.68% | |
40 Underperform | AU$19.08M | -5.27 | -19.17% | ― | 44.25% | 41.58% |
* Consumer Defensive Sector Average
AU:BGA
Bega Cheese Limited
5.12
-0.57
-10.08%
AU:NOU
Noumi Limited
0.11
-0.04
-25.00%
AU:AHF
Australian Dairy Nutritionals Group
0.02
-0.02
-48.84%
AU:BUB
Bubs Australia Ltd.
0.10
-0.02
-16.67%
AU:NUC
Nuchev Pty Ltd
0.12
-0.11
-48.89%
Bega Cheese Limited Corporate Events
State Street units exit substantial holding in Bega Cheese
May 11, 2026
Bega Cheese Limited has disclosed that entities associated with State Street Corporation have ceased to be substantial shareholders in the company as of 7 May 2026. The notice, lodged under Australian Corporations Act requirements, records the end...
Bega Group Hosts Investor Day to Outline Growth-Focused Strategy
Apr 28, 2026
Bega Group, the Australian dairy and food producer, is holding an Investor Day at its Morwell yoghurt facility in Victoria to engage with the investment community. The company is presenting under the theme “Focus Simplify for Growth,”...
Bega Cheese Director Increases Holding via Dividend Reinvestment Plan
Apr 7, 2026
Bega Cheese Limited has reported a minor change in the shareholding of director Terrence Xavier O’Brien following his participation in the company’s Dividend Reinvestment Plan. O’Brien acquired 465 ordinary shares on 2 April 2026...
Bega Cheese Director Increases Holding Via Dividend Reinvestment Plan
Apr 7, 2026
Bega Cheese Limited has disclosed a minor change in the holdings of non‑executive director Raelene Margaret Murphy, who increased her direct interest in the company’s ordinary shares. Her stake rose from 22,742 to 22,996 shares followi...
Bega Cheese Lists New Shares Issued Under Dividend Plan
Apr 7, 2026
Bega Cheese Limited has applied for quotation on the ASX of 195,516 new fully paid ordinary shares issued on 2 April 2026 under a dividend or distribution plan. The modest share issuance slightly increases the company’s listed capital base, ...
Bega Cheese Director Janette Kendall Increases Shareholding
Apr 2, 2026
Bega Cheese has disclosed a change in director Janette Kendall’s holdings, with the non‑executive director increasing her direct interest in ordinary shares. The filing, made under ASX listing rules, updates the market on governance...
Mitsubishi UFJ Exits Substantial Holder Position in Bega Cheese
Mar 11, 2026
Mitsubishi UFJ Financial Group, Inc. has lodged a notice indicating it has ceased to be a substantial shareholder in Bega Cheese Limited under Australian disclosure rules. The change in status follows a series of transactions in December 2025 invo...
Bega Cheese Confirms DRP Pricing in Updated Dividend Notice
Mar 4, 2026
Bega Cheese Limited has updated its earlier dividend notification for its ordinary fully paid shares, confirming details of a distribution relating to the six-month period ending 28 December 2025. The update, lodged on 4 March 2026, specifies the ...
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.