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Noumi Limited
(Sydney:NOU)
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Rating:49Neutral
Price Target:
AU$0.12
▼(-8.46% Downside)
Action:Reiterated
Date:08/21/26
The score is held down primarily by high balance-sheet risk (negative equity and large/rising debt) and ongoing net losses despite improving operations. Technicals are relatively supportive with price above key moving averages and a positive MACD, but valuation remains challenged because profitability is still negative and there is no dividend yield.
Positive Factors
Revenue and Operating Improvement
The sharp revenue step-up alongside positive EBIT and stronger gross margin indicates improved scale, pricing, product mix or cost control. If sustained, this can strengthen the operating foundation and support a durable earnings recovery.
Negative Factors
Negative Equity and High Debt
Negative equity and rising debt materially constrain financial flexibility and increase solvency risk. The structure may limit refinancing options and leave less capacity to absorb operating setbacks, even if the business turnaround continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Operating Improvement
The sharp revenue step-up alongside positive EBIT and stronger gross margin indicates improved scale, pricing, product mix or cost control. If sustained, this can strengthen the operating foundation and support a durable earnings recovery.
Read all positive factors
Noumi Limited (NOU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$33.25M
Dividend YieldN/A
Average Volume (3M)58.99K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth8.82%
EPS Growth55.22%
CountryAU
Employees500
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.24
Shares Outstanding277,109,300
10 Day Avg. Volume37,033
30 Day Avg. Volume58,993
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.05
Price to Sales (P/S)0.04
P/FCF Ratio0.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.12Price Target Upside-7.69% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)AU$655.25M
Noumi Limited Business Overview & Revenue Model
Company Description
Noumi Limited operates as a comprehensive food and beverage enterprise, handling everything from ingredient procurement and manufacturing to the marketing, sales, and distribution of its products for both wholesale and retail customers. The compan...
How the Company Makes Money
Noumi Limited makes money primarily by producing and selling branded and contract-manufactured dairy and plant-based beverages. Key revenue streams typically include (1) branded product sales to supermarkets, grocery retailers, and other consumer ...
Noumi Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
18
Very Negative
Cash Flow
61
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 648.37M | 595.84M | 589.79M | 551.56M | 522.34M |
| Gross Profit | 182.85M | 161.72M | 145.75M | 134.77M | 98.42M |
| EBITDA | 62.98M | -132.09M | -61.24M | -6.37M | -122.53M |
| Net Income | -67.17M | -150.00M | -98.33M | -46.91M | -160.74M |
Balance Sheet | |||||
| Total Assets | 238.83M | 265.17M | 316.20M | 377.95M | 420.13M |
| Cash, Cash Equivalents and Short-Term Investments | 20.27M | 23.18M | 21.57M | 18.56M | 16.21M |
| Total Debt | 676.01M | 614.75M | 533.76M | 491.00M | 455.01M |
| Total Liabilities | 761.68M | 717.51M | 621.14M | 581.49M | 569.14M |
| Stockholders Equity | -522.85M | -452.34M | -304.94M | -203.54M | -149.01M |
Cash Flow | |||||
| Free Cash Flow | 32.47M | 27.66M | 11.02M | -49.00K | -46.87M |
| Operating Cash Flow | 41.00M | 32.52M | 15.83M | 4.31M | -40.86M |
| Investing Cash Flow | -1.80M | 2.09M | 1.84M | 2.22M | -3.93M |
| Financing Cash Flow | -40.07M | -33.01M | -21.64M | -4.18M | 29.33M |
Noumi Limited Technical Analysis
Positive
0.13
Price Trends
0.11
Positive
0.11
Positive
0.12
Positive
Market Momentum
<0.01
Positive
68.50
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NOU, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.11, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 68.50 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NOU.
Noumi Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$154.47M | 16.92 | 12.22% | 2.27% | 27.60% | 96.31% | |
63 Neutral | AU$2.04B | 36.90 | 5.46% | 1.95% | 6.66% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | AU$80.47M | 21.90 | 8.70% | ― | 23.29% | ― | |
55 Neutral | AU$13.33M | -2.78 | -41.69% | ― | 53.69% | 45.24% | |
49 Neutral | AU$33.25M | -0.51 | 19.78% | ― | 8.82% | 55.22% | |
44 Neutral | AU$28.22M | -1.59 | -53.68% | ― | -12.46% | 44.05% |
* Consumer Defensive Sector Average
AU:NOU
Noumi Limited
0.12
-0.04
-25.00%
AU:BGA
Bega Cheese Limited
6.49
1.11
20.61%
AU:BUB
Bubs Australia Ltd.
0.09
-0.07
-42.50%
AU:NUC
Nuchev Pty Ltd
0.09
-0.08
-46.88%
AU:CLV
Clover Corporation Limited
0.90
0.35
64.84%
AU:MBH
Maggie Beer Holdings Ltd.
0.06
<0.01
14.55%
Noumi Limited Corporate Events
Noumi sets 2026 AGM date and flags meetings on proposed schemes
Aug 20, 2026
Noumi Limited has scheduled its 2026 Annual General Meeting for 5 November in Sydney, setting a 16 September deadline for director nomination submissions under its constitution. The formal Notice of Meeting will be circulated to shareholders in du...
Noumi boosts EBITDA and narrows loss as reset strategy takes hold
Aug 20, 2026
Noumi reported net revenue of $648.4 million in FY26, with dairy and nutritionals contributing $462.0 million and plant-based milks $186.3 million. Group adjusted operating EBITDA reached $61.8 million, supported by $21.6 million from dairy and nu...
Noumi Sets Out 2026 Corporate Governance Framework and ASX Alignment
Aug 20, 2026
Noumi Limited has outlined its 2026 corporate governance statement, reaffirming its commitment to high governance standards and alignment with the ASX Corporate Governance Council’s principles where suitable. The board oversees the company a...
Noumi files updated corporate governance statement and Appendix 4G with ASX
Aug 20, 2026
Noumi Limited has confirmed that its corporate governance statement for the year ended 30 June 2026 is available on its investor website and has been approved by the board. The statement outlines how the company applies ASX Corporate Governance Co...
Noumi Flags Risks and Limits Around 2026 Results Disclosure
Aug 20, 2026
Noumi Limited operates in the food and beverage industry through a group of consolidated entities. The company focuses on producing, processing and transporting goods, with its performance influenced by demand levels, market prices and climatic co...
Noumi lifts FY26 revenue and EBITDA as dairy surge offsets higher brand investment
Aug 20, 2026
Noumi Limited reported an 8.8% rise in FY26 revenue to $648.4 million and a 7.6% increase in adjusted operating EBITDA to $61.8 million, driven by double-digit growth in its Dairy Nutritionals division and modest gains in Plant-based Milks. Despi...
Noumi Narrows Loss on Higher Revenue but Auditor Flags Going-Concern Risk
Aug 20, 2026
Noumi Limited reported an 8.8% rise in revenue to $648.4 million for the year to 30 June 2026 and a 7.6% increase in adjusted operating EBITDA to $61.8 million, indicating operational improvement. Despite this, the group posted a net loss of $67.2...
Noumi’s Chief Operating Officer to Depart After Pivotal Role in Turnaround
Aug 13, 2026
Noumi Limited has announced the upcoming departure of Chief Operating Officer Stuart Muir, who will leave the group on 12 November 2026 after five years on the executive leadership team. He will continue to support the business during the transiti...
Noumi Director Sells Convertible Notes in Capital Structure Adjustment
Jul 31, 2026
Noumi Limited has disclosed a change in director Timothy Bryan’s indirect interests, with his family trust, Karooli Pty Ltd as trustee for the T.B. Bryan Family Trust, selling 25,000 convertible notes. The disposal, valued at approximately $...
Noumi director-linked investor lifts convertible note holding after correction
Jul 31, 2026
Noumi Limited has disclosed a significant change in director Anthony Perich’s indirect interests, with Arrovest Pty Ltd increasing its holding of Noumi convertible notes to 243,534,845, while maintaining 145,556,000 ordinary shares and 734,3...
Noumi Director Adjusts Indirect Holding in Convertible Notes
Jul 31, 2026
Noumi Limited has disclosed a change in the indirect holdings of director Stuart Alexander Black, who previously held 25,000 convertible notes and 629,642 unlisted options through CE4 Super Pty Ltd as trustee of the Chapman and Eastway No. 4 Super...
Noumi director divests convertible notes and corrects prior disclosure
Jul 31, 2026
Noumi Limited has disclosed a change in the interests of director Jane McKellar, confirming the disposal of her entire holding of 74,910 convertible notes for consideration of $100,985.70. Following the transaction, McKellar retains 629,642 unlist...
Noumi Agrees Arrovest Takeover in $737m Debt Solution
Jul 21, 2026
Noumi Limited has entered a binding scheme implementation deed with its largest shareholder and noteholder, Arrovest Pty Ltd, under which Arrovest will acquire all remaining Noumi shares via a scheme of arrangement. Scheme shareholders are to rece...
Noumi lifts quarterly revenue and cash flow, guides higher EBITDA for FY26
Jul 21, 2026
Noumi reported unaudited Q4 FY26 revenue of $158.6 million, up 2.2% year on year, as both plant‑based milks and dairy and nutritionals segments grew, supported by strong domestic retail demand and robust commodity pricing. Operating cash inf...
Noumi Limited Adjusts Capital Structure with Cessation of Convertible Notes
Jul 21, 2026
Noumi Limited has notified the market of the cessation of 176,091 secured subordinated convertible notes, effective 4 May 2022, via an Appendix 3H lodged with the ASX on 21 July 2026. The move adjusts the company’s issued capital base and si...
Noumi to unveil FY26 results via investor webcast
Jul 12, 2026
Noumi Limited has scheduled the release of its full-year results for the 2026 financial year on 20 August, with Chief Executive Officer Michael Perich and Chief Financial Officer Iain Short to present the figures via a webcast. The results briefin...
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.