Graincorp Limited Class A (GNC) AI Stock Analysis

• Market Cap: AU$1.60B
• Dividend Yield: 6.42%
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 39.6
• Beta (1Y): 0.60
• Revenue Growth: 12.27%
• EPS Growth: -35.60%
• Country: AU
• Employees: 2,380
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 0.07
• Shares Outstanding: 222,300,690
• 10 Day Avg. Volume: 1,503,091
• 30 Day Avg. Volume: 1,474,847
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$8.74
• Price Target Upside: 21.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.46
• Revenue Forecast (FY): AU$6.96B

• Rating: 67 Neutral
• Price Target: AU$8.00 ▲(11.11% Upside)

Graincorp Limited's overall stock score reflects strong financial performance and positive earnings call highlights, including record EBITDA and strategic growth initiatives. However, the high P/E ratio and technical indicators suggest caution, with potential risks from international challenges and valuation concerns.

Positive Factors

Cash generation

Sustained, high free cash flow growth indicates the business consistently converts operations into cash. This underpins durable capabilities to fund capex, pay dividends, execute buybacks and de-lever, reducing dependence on external financing and supporting long-term capital allocation flexibility.

Animal Nutrition segment growth

Rapid, multi-year expansion in Animal Nutrition diversifies revenue away from commodity cycles and builds scale in a higher-growth business line. Structural volume gains and specialization can improve margin profile and provide a more resilient earnings mix over the medium term.

Balance sheet and liquidity

A strengthened capital structure and meaningful core cash position provide financial headroom for downturns and strategic investments. Lower leverage and a solid equity base reduce solvency risk and support continued shareholder returns and investment in growth initiatives over time.

Negative Factors

Eroding net profitability

A material decline in net margins signals pressure on bottom‑line profitability despite revenue growth. Persistent margin compression can limit retained earnings, reduce ROE, and constrain the company’s ability to sustainably fund reinvestment and shareholder distributions over the medium term.

International segment weakness & impairment

A non‑cash impairment in Canada reflects structural trading and market challenges abroad. Ongoing international margin pressure increases execution risk for expansion, may require additional capital or write‑downs, and can limit the company’s ability to scale profitable global operations.

Commodity exposure depressing crush margins

High global oilseed supply and local crop variability drive prolonged pressure on crush margins. Structural commodity volatility and weak crush economics can compress segment profitability, reducing earnings resilience and making long-term margin recovery dependent on structural change or product mix shifts.

Graincorp Limited Class A Business Overview & Revenue Model

Company Description

GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles, markets, and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, canola, chickpeas, and specialty commodities; handles, processes, stores, and transports grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils. It also manufactures and supplies molasses-based feed supplements and vegetable oil to enhance farm productivity in beef cattle, sheep, dairy cattle, and other domestic livestock; and crude degummed canola oils, refined bleached canola oils, and canola meal. In addition, the company provides blended and single oils, infant nutrition, bakery margarines, spreads, and shortening; crushes oilseed products are used in cooking oils, spreads and shortenings, prepared foods, meal for dairy, poultry and livestock, cosmetics and lubricants, fuels, and other industrial applications; and operates seven bulk port terminals. Further it is involved in the procurement, shipping, accreditation, and value-added supply of tallow and used cooking oil, which are used for renewable energy feedstock and industrial applications, as well as vegetable oils; and the provision of logistics services. GrainCorp Limited was founded in 1916 and is headquartered in Sydney, Australia.

How the Company Makes Money

GrainCorp generates revenue through several key streams: first, its grain handling and storage services, which involve charging farmers and other clients for the storage of their grain, as well as fees for loading and unloading grain at its facilities. Second, the company earns income from grain marketing and trading activities, where it buys grains from farmers and sells them to domestic and international markets. Third, GrainCorp's processing segment produces value-added products, including flour and animal feed, contributing to its revenue. Additionally, strategic partnerships with agricultural producers and distributors enhance its market reach and operational efficiency, while fluctuations in global grain prices and demand significantly influence its earnings.

Graincorp Limited Class A Financial Statement Overview

Summary

Graincorp Limited demonstrates a stable financial position with a strong balance sheet and robust cash flow generation. However, recent declines in revenue and net income, along with volatility in operational efficiency, are areas of concern.

Income Statement

Graincorp Limited has shown a mixed performance over recent years. While the revenue has generally increased over the past few years, there was a decline from 2023 to 2024. The company improved its gross profit margin significantly from a negative margin in 2020 to positive margins thereafter. The net profit margin also improved but experienced a decline in 2024. The EBIT and EBITDA margins have shown volatility, reflecting fluctuations in operational efficiency.

Balance Sheet

The company's balance sheet is relatively stable, with a moderate debt-to-equity ratio, indicating a balanced financial leverage. The return on equity has been positive, although it decreased in 2024. The equity ratio shows a strong proportion of equity financing in its asset base, suggesting financial stability and a lower risk profile.

Cash Flow

Graincorp's cash flow performance is solid, with positive operating and free cash flows in recent years. However, the free cash flow growth rate has been inconsistent, showing a decline in 2024. The operating cash flow to net income ratio indicates adequate cash generation relative to net income, although this ratio has decreased recently.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.22B	7.29B	6.49B	8.21B	7.85B	5.48B
Gross Profit	812.10M	939.20M	680.40M	781.40M	1.18B	392.30M
EBITDA	466.30M	270.10M	288.30M	584.50M	717.60M	340.50M
Net Income	70.30M	39.90M	61.80M	249.70M	380.40M	139.30M
Balance Sheet
Total Assets	4.02B	2.69B	2.90B	3.47B	3.41B	2.75B
Cash, Cash Equivalents and Short-Term Investments	328.40M	511.30M	596.50M	734.80M	322.40M	126.60M
Total Debt	1.86B	833.90M	940.00M	1.21B	1.10B	967.60M
Total Liabilities	2.52B	1.29B	1.40B	1.83B	1.89B	1.49B
Stockholders Equity	1.51B	1.40B	1.50B	1.59B	1.45B	1.21B
Cash Flow
Free Cash Flow	97.20M	176.70M	76.00M	509.00M	364.20M	123.30M
Operating Cash Flow	168.10M	249.10M	130.70M	575.30M	445.00M	177.90M
Investing Cash Flow	-112.90M	-76.90M	33.70M	-91.20M	-105.40M	-55.10M
Financing Cash Flow	-241.70M	-257.40M	-177.10M	-197.30M	-143.80M	-120.90M

Graincorp Limited Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNC, the sentiment is Negative. The current price of 7.2 is below the 20-day moving average (MA) of 7.32, below the 50-day MA of 7.90, and below the 200-day MA of 7.61, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 40.09 is Neutral, neither overbought nor oversold. The STOCH value of 33.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GNC.

Graincorp Limited Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGLLV	69 Neutral	AU$1.18B	15.65	12.11%	4.07%	-2.82%	12.29%
GNC	67 Neutral	AU$1.60B	39.65	2.58%	6.42%	12.27%	-35.60%
FRM	66 Neutral	AU$48.47M	6.95	29.12%	―	2.63%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ING	60 Neutral	AU$972.48M	10.84	36.84%	7.63%	-3.36%	-11.53%
ELD	57 Neutral	AU$1.60B	27.37	5.24%	5.16%	2.25%	-2.41%
AAC	49 Neutral	AU$831.46M	14.45	3.47%	―	16.63%	66.67%

Graincorp Limited Class A Corporate Events

GrainCorp Updates Market on Progress of On‑Market Share Buy-Back

GrainCorp Limited has provided an updated notification to the ASX regarding its on‑market share buy-back of Ordinary Fully Paid Class A shares, confirming that a total of 5,192,500 securities had been repurchased before the previous day and an additional 53,671 shares were bought back on the previous trading day. The ongoing daily buy-back activity, first notified in February 2025 and now updated as of 30 December 2025, indicates continued execution of the company’s capital management program, which is likely aimed at optimising its capital structure and may enhance earnings per share and shareholder value over time.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.35 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Sets February 2026 Date and Nomination Deadline for AGM Director Elections

GrainCorp Limited has announced that its next Annual General Meeting will be held on 18 February 2026, with the election of directors to be included as an item of business. The company has set 6 January 2026 as the deadline for receiving nominations from individuals seeking election to the board, formalising the timetable for board renewal and governance processes ahead of the meeting.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.35 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Sells GrainsConnect Canada Amidst Challenging Market Conditions

GrainCorp Limited has announced the sale of its joint venture, GrainsConnect Canada, to Parrish & Heimbecker, Limited, following a strategic review due to challenging financial performance. The transaction, valued at C$150 million, allows GrainCorp to focus on more profitable ventures, although it will incur a loss of A$5-10 million. The sale is expected to complete in the first half of 2026 and does not affect GrainCorp’s Canadian marketing operations. Additionally, GrainCorp’s trading update reveals a decrease in receival volumes for the 2025-26 East Coast Australia winter harvest due to lower crop yields and market conditions, prompting the company to emphasize cost management while maintaining customer service.

The most recent analyst rating on (AU:GNC) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp CEO Adjusts Shareholding to Meet Tax Obligations

GrainCorp Limited announced a change in the director’s interest, as its Managing Director and CEO, Robert Spurway, sold 149,706 shares to meet tax obligations related to the vesting of performance rights. Despite this sale, Spurway retains a significant shareholding in the company, maintaining 532,888 shares through direct and indirect holdings. This transaction reflects routine financial management by the company’s leadership and is not expected to impact GrainCorp’s operations or market position.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.05 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Announces Director’s Interest Changes Reflecting Incentive Plan Adjustments

GrainCorp Limited has announced a change in the director’s interest, specifically concerning Robert Spurway. The changes involve the vesting and lapsing of performance and deferred equity rights into ordinary shares, reflecting adjustments in Spurway’s direct and indirect holdings. This update is part of GrainCorp’s ongoing remuneration strategy, impacting the distribution of shares and rights under its short-term and long-term incentive plans. The changes are indicative of the company’s structured approach to executive compensation, aligning with its financial strategies and stakeholder interests.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.05 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

Graincorp Limited Announces Cessation of Performance Rights

Graincorp Limited announced the cessation of 148,100 performance rights due to the lapse of conditional rights that were not satisfied. This announcement may impact the company’s capital structure and reflects on the performance criteria set for these securities, potentially influencing investor perceptions and stakeholder confidence.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.05 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

Graincorp Limited Announces Dividend Distribution for Class A Shares

Graincorp Limited has announced a dividend distribution of AUD 0.24 per share for its ordinary fully paid Class A shares. The dividend relates to the financial period ending on September 30, 2025, with the ex-date set for November 26, 2025, and the payment date scheduled for December 11, 2025. This announcement reflects Graincorp’s ongoing commitment to returning value to its shareholders and may impact investor sentiment positively.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Releases 2025 Corporate Governance Statement

GrainCorp Limited has released its Corporate Governance Statement for the financial year ending September 2025, highlighting its adherence to the ASX Corporate Governance Principles and Recommendations. The company undertook several governance-focused activities, including reviewing employee engagement, risk management, and board effectiveness. Additionally, GrainCorp appointed two new non-executive directors to support board succession and engaged in director education sessions to enhance knowledge in key areas such as climate and sustainability.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Limited Announces FY25 Results Amid Industry Challenges

GrainCorp Limited, a key player in the agribusiness sector, focuses on the storage, handling, and marketing of grains and oilseeds, serving both domestic and international markets. The recent FY25 results announcement highlights the company’s performance for the year ending September 30, 2025, with an emphasis on the challenges and uncertainties faced due to industry-specific risks and economic conditions.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Reports Strong FY25 Results Amid Challenging Market Conditions

GrainCorp Limited reported a robust financial performance for FY25, with an underlying EBITDA of $308 million, reflecting an increase from the previous year. Despite a challenging global margin environment, the company achieved higher volumes in its East Coast Australia business and maintained a strong balance sheet with core cash of $321 million. The agribusiness segment saw significant growth due to increased grain production and effective execution of chickpea and canola programs. However, the Nutrition and Energy segment faced challenges due to lower crush margins. The company declared a total final dividend of 24 cents per share and continued its strategic focus on enhancing its integrated network to create long-term value for shareholders.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Reports Revenue Growth Amid Decline in Net Profit

GrainCorp Limited reported a 12.3% increase in revenue to $7,305.7 million for the year ending September 30, 2025. However, the net profit after tax attributable to owners fell by 35.4% to $39.9 million. The company announced a final ordinary dividend of 14 cents per share and a special dividend of 10 cents per share, with a payment date set for December 11, 2025. The decline in net profit may impact stakeholders’ expectations, despite the revenue growth, reflecting challenges in operational efficiency or market conditions.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Announces FY25 Results Webcast

GrainCorp Limited has announced a webcast briefing for its full-year 2025 results, scheduled for November 13, 2025. The briefing will be led by CEO Robert Spurway and CFO Ian Morrison, providing insights into the company’s performance and future outlook. This event is significant for stakeholders as it offers an opportunity to understand the company’s operational strategies and market positioning, potentially impacting investor decisions and market perceptions.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.

GrainCorp Limited Appoints New Director Sarah Adam-Gedge

GrainCorp Limited has announced the appointment of Sarah Adam-Gedge as a new director, effective from November 1, 2025. The initial director’s interest notice indicates that she currently holds no relevant interests in securities of the company. This appointment may impact the company’s governance and strategic direction, potentially influencing stakeholder confidence and future operations.

The most recent analyst rating on (AU:GNC) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.