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Cobram Estate Olives Ltd.
(Sydney:CBO)
Select Model
Select Model
Rating:70Outperform
Price Target:
AU$4.00
▲(12.68% Upside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by strong financial results (exceptional revenue growth and improved profitability) and supportive trend signals (price above key moving averages). These positives are tempered by negative free cash flow and a very high P/E valuation, which increases risk if growth or margins disappoint.
Positive Factors
High margins and revenue growth
Sustained double‑digit revenue expansion together with very strong gross and net margins signals durable pricing power and effective cost management across farming, processing and branded sales. This supports long‑term profitability resilience if volume and mix hold.
Negative Factors
Negative free cash flow
Negative free cash flow constrains the company’s ability to fund capex, brands expansion or dividends from internal sources. Over a multi‑month horizon this may force prioritisation of projects or reliance on external financing, raising execution and refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and revenue growth
Sustained double‑digit revenue expansion together with very strong gross and net margins signals durable pricing power and effective cost management across farming, processing and branded sales. This supports long‑term profitability resilience if volume and mix hold.
Read all positive factors
Cobram Estate Olives Ltd. (CBO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.68B
Dividend Yield1.55%
Average Volume (3M)1.09M
Price to Earnings (P/E)87.8
Beta (1Y)0.34
Revenue Growth-2.41%
EPS Growth104.12%
CountryAU
Employees325
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.04
Shares Outstanding478,791,200
10 Day Avg. Volume508,670
30 Day Avg. Volume1,093,483
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)2.44
Price to Sales (P/S)3.69
P/FCF Ratio-38.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.77Price Target Upside6.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.16
Revenue Forecast (FY)AU$599.50M
Cobram Estate Olives Ltd. Business Overview & Revenue Model
Company Description
Cobram Estate Olives Limited engages in production and marketing of olive oil in Australia, the United States, and internationally. Its olive farming assets include various olive trees of freehold farmland in Victoria; and long-term leased and fre...
How the Company Makes Money
CBO primarily makes money by producing and selling olive oil and related olive products. Its revenue model is vertically integrated: (1) upstream agricultural operations where it grows olives in company-owned/managed orchards; (2) midstream proces...
Cobram Estate Olives Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.70M | 241.66M | 227.78M | 168.95M | 139.62M | 139.95M |
| Gross Profit | 74.60M | 136.83M | 42.31M | 17.82M | 39.96M | 18.77M |
| EBITDA | 57.27M | 116.37M | 66.68M | 40.80M | 24.88M | 72.91M |
| Net Income | 15.11M | 49.63M | 18.53M | 7.72M | -696.00K | 35.22M |
Balance Sheet | ||||||
| Total Assets | 868.32M | 811.87M | 697.41M | 616.34M | 550.61M | 458.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.15M | 4.01M | 11.35M | 13.67M | 5.94M | 1.18M |
| Total Debt | 210.03M | 277.15M | 231.01M | 197.47M | 146.71M | 170.70M |
| Total Liabilities | 358.24M | 446.37M | 375.66M | 328.55M | 263.58M | 267.46M |
| Stockholders Equity | 510.08M | 365.50M | 321.75M | 287.79M | 287.03M | 190.69M |
Cash Flow | ||||||
| Free Cash Flow | -86.04M | -23.38M | -18.31M | -17.02M | -9.33M | -2.77M |
| Operating Cash Flow | -3.48M | 58.09M | 47.88M | 39.01M | 27.39M | 16.32M |
| Investing Cash Flow | -100.26M | -85.03M | -60.36M | -55.97M | -36.70M | -18.97M |
| Financing Cash Flow | 85.11M | 19.45M | 10.18M | 24.70M | 14.08M | 55.00K |
Cobram Estate Olives Ltd. Technical Analysis
Negative
3.55
Price Trends
3.91
Negative
3.63
Negative
3.49
Negative
Market Momentum
-0.10
Positive
31.44
Neutral
23.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBO, the sentiment is Negative. The current price of 3.55 is below the 20-day moving average (MA) of 3.86, below the 50-day MA of 3.91, and above the 200-day MA of 3.49, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 31.44 is Neutral, neither overbought nor oversold. The STOCH value of 23.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CBO.
Cobram Estate Olives Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$1.68B | 87.82 | 3.45% | 1.55% | -2.41% | 104.12% | |
63 Neutral | AU$540.01M | 18.51 | 5.52% | ― | -5.67% | -9.70% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
51 Neutral | AU$1.80B | 294.00 | 0.82% | 1.95% | 1.47% | -76.20% | |
46 Neutral | AU$33.60M | -1.89 | -53.68% | ― | -12.46% | 44.05% | |
44 Neutral | AU$1.94M | -0.21 | -168.40% | ― | ― | ― |
* Consumer Defensive Sector Average
AU:CBO
Cobram Estate Olives Ltd.
3.43
0.98
40.00%
AU:SHV
Select Harvests
3.94
0.06
1.42%
AU:BGA
Bega Cheese Limited
5.89
0.82
16.22%
AU:SPG
Food Revolution Group Ltd.
0.10
-0.19
-66.33%
AU:TFL
TasFoods Limited
0.01
0.00
0.00%
AU:MBH
Maggie Beer Holdings Ltd.
0.08
0.01
22.95%
Cobram Estate Olives Ltd. Corporate Events
Cobram Estate Olives Signals Softer 2026 Harvest but Stronger Outlook Amid U.S. Integration and Legal Dispute
Jul 6, 2026
Cobram Estate Olives expects to complete its 2026 Australian harvest shortly, milling about 74,300 tonnes of olives to produce 11.3 million litres of olive oil from its groves plus contracted fruit. Including additional oil secured from other mill...
Cobram Estate Olives Appoints Daniel Masters as Director
Apr 23, 2026
Cobram Estate Olives Limited has announced the appointment of Daniel Masters as a director effective 23 April 2026, in line with its obligations under ASX listing rules. Masters holds 11,620 ordinary fully paid shares in the company, indicating a ...
Cobram Estate Adds AGR Partner Daniel Masters to Board to Drive U.S. Growth
Apr 23, 2026
Cobram Estate Olives has appointed Daniel Masters, a partner and founding member of agribusiness investment firm AGR Partners, as a non-executive director effective 23 April 2026. Masters brings extensive international agribusiness and U.S. retail...
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.