Nufarm Limited (AU:NUF)
ASX:NUF
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Nufarm Limited
(Sydney:NUF)
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Rating:57Neutral
Price Target:
AU$3.00
▲(24.48% Upside)
Action:Reiterated
Date:05/28/26
The score is held back primarily by weak recent financial performance (revenue decline, losses, and declining free cash flow). Offsetting factors include a low P/E valuation and constructive earnings-call guidance supported by debt reduction and stronger Crop Protection performance, while technicals show an uptrend but with overbought risk.
Positive Factors
Crop Protection margin improvement
Crop Protection is the company's core commercial engine; an 18% earnings lift and +140bp EBITDA margin indicates sustained operational leverage and pricing or mix strength. That segment-level profitability supports durable cash generation and de-risks the firm's recovery over the next 2-6 months.
Negative Factors
Revenue decline & negative net margin
A near-18% revenue decline and negative net margin point to lost scale and pricing or volume pressure. Persisting top-line weakness undermines fixed-cost absorption, threatens sustained margin recovery, and raises execution demands on management to restore consistent profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Crop Protection margin improvement
Crop Protection is the company's core commercial engine; an 18% earnings lift and +140bp EBITDA margin indicates sustained operational leverage and pricing or mix strength. That segment-level profitability supports durable cash generation and de-risks the firm's recovery over the next 2-6 months.
Read all positive factors
Nufarm Limited (NUF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.04B
Dividend YieldN/A
Average Volume (3M)1.59M
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-1.53%
EPS Growth-281.84%
CountryAU
Employees3,159
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)-0.47
Shares Outstanding384,153,930
10 Day Avg. Volume961,936
30 Day Avg. Volume1,588,669
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.42
Price to Sales (P/S)0.25
P/FCF Ratio21.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.56Price Target Upside47.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.08
Revenue Forecast (FY)AU$3.32B
Nufarm Limited Business Overview & Revenue Model
Company Description
Nufarm Limited, alongside its affiliated entities, specializes in the development, production, and global distribution of agricultural crop protection products and seed technologies. Its operations span key regions including Europe, the Middle Eas...
How the Company Makes Money
Nufarm makes money primarily by selling agricultural inputs used in crop production. Its main revenue stream is the sale of crop protection products (including herbicides, insecticides, fungicides, and other specialty products) to agricultural dis...
Nufarm Limited Earnings Call Summary
Earnings Call Date:Nov 18, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 19, 2026
Earnings Call Sentiment Neutral
The earnings call highlights a strong performance in Crop Protection and a strategic repositioning in Seed Technologies. However, significant losses from material items and challenges in the omega-3 market offset these positives. The company is focusing on debt reduction and operational improvements for future growth.Positive Updates
Strong Crop Protection Performance
Crop Protection delivered a strong result with an 18% increase in earnings and profitability growth across all regions. EBITDA margin improved by 140 basis points.
Negative Updates
Statutory Loss Due to Material Items
A statutory loss of $165 million was reported, including $142 million of mainly non-cash material items related to the Seed Technology review and performance improvement program.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Crop Protection Performance
Crop Protection delivered a strong result with an 18% increase in earnings and profitability growth across all regions. EBITDA margin improved by 140 basis points.
Read all positive updates
Company Guidance
During the Nufarm Limited FY '25 Results Conference Call, several key metrics and strategic directions were highlighted. The company reported a statutory loss of $165 million, influenced by $142 million in non-cash material items and a broader performance improvement program. Despite this, Crop Protection saw an 18% increase in earnings, with an EBITDA margin improvement of 140 basis points and growth across all regions. Net debt was reduced by $538 million, ending with a leverage ratio of 2.7x. The company anticipates strong EBITDA growth in FY '26, targeting a leverage of 2.0x and planning for capital expenditure below $200 million. Seed Technologies underwent a strategic review, resulting in a reprioritized strategy aimed at enhancing shareholder value, focusing on profitable hybrid seeds, a reduction in omega-3 cash requirements, and expansion in bioenergy with BP. The outlook for FY '26 includes continued growth in Crop Protection, a $30 million improvement in emerging platforms' EBITDA, and a commitment to strong cost and capital deployment discipline.Nufarm Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.35B | 3.44B | 3.35B | 3.48B | 3.77B | 3.22B |
| Gross Profit | 985.09M | 950.13M | 840.37M | 1.03B | 972.59M | 834.71M |
| EBITDA | 203.80M | 158.37M | 263.77M | 427.18M | 421.60M | 359.18M |
| Net Income | -156.87M | -165.32M | -5.60M | 111.14M | 107.44M | 65.13M |
Balance Sheet | ||||||
| Total Assets | 4.80B | 4.58B | 4.43B | 4.63B | 4.66B | 4.37B |
| Cash, Cash Equivalents and Short-Term Investments | 358.05M | 474.72M | 463.56M | 410.96M | 585.70M | 724.22M |
| Total Debt | 1.59B | 1.30B | 1.10B | 1.26B | 931.87M | 1.04B |
| Total Liabilities | 2.74B | 2.47B | 2.22B | 2.32B | 2.51B | 2.25B |
| Stockholders Equity | 2.06B | 2.11B | 2.21B | 2.31B | 2.15B | 2.12B |
Cash Flow | ||||||
| Free Cash Flow | 189.43M | 41.17M | 219.43M | -352.36M | 160.20M | 281.70M |
| Operating Cash Flow | 272.28M | 162.76M | 472.39M | -125.62M | 359.57M | 424.19M |
| Investing Cash Flow | -163.42M | -245.61M | -207.46M | -241.73M | -240.41M | -146.30M |
| Financing Cash Flow | -41.55M | 83.87M | -200.76M | 185.98M | -264.37M | 19.18M |
Nufarm Limited Technical Analysis
Neutral
2.41
Price Trends
2.55
Positive
2.32
Positive
2.30
Positive
Market Momentum
0.08
Positive
49.96
Neutral
17.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NUF, the sentiment is Neutral. The current price of 2.41 is below the 20-day moving average (MA) of 2.80, below the 50-day MA of 2.55, and above the 200-day MA of 2.30, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 49.96 is Neutral, neither overbought nor oversold. The STOCH value of 17.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NUF.
Nufarm Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$958.67M | 30.80 | 17.82% | 0.88% | 3.42% | 54.50% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$1.04B | -8.25 | -5.96% | ― | -1.53% | -281.84% | |
54 Neutral | AU$322.77M | 1,126.55 | 0.27% | ― | ― | 6.76% | |
43 Neutral | AU$24.19M | -3.30 | -102.56% | ― | 24.22% | 40.08% | |
41 Neutral | AU$16.46M | -3.16 | -56.43% | ― | -25.56% | 38.24% |
* Basic Materials Sector Average
AU:NUF
Nufarm Limited
2.71
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44.23%
Nufarm Limited Corporate Events
Nufarm lifts profit, cuts debt and doubles seed earnings in strong first half
May 26, 2026
Nufarm Limited reported strong first-half FY26 results with statutory NPAT up 28%, underlying NPAT up 35% and underlying EBITDA rising 18%, supported by a $193 million improvement in free cash flow and a $135 million reduction in net debt. The gro...
Nufarm to Brief Investors on Half-Year 2026 Results via Webcast
May 26, 2026
Nufarm will present its half-year 2026 financial results to investors via an audio webcast, to be led by chief executive Rico Christensen and chief financial officer Brendan Ryan. The scheduled webcast underlines the company’s commitment to ...
Nufarm Files 2026 Half-Year Results and Schedules Investor Webcast
May 26, 2026
Nufarm Limited has lodged its financial results for the half year ended 31 March 2026 with the ASX and NZX, including its interim financial report, directors’ report, auditor’s declaration, operating and financial review, and half year...
Nufarm Sets Date for 2026 Half-Year Results and Investor Webcast
May 8, 2026
Nufarm Limited plans to release its 2026 half-year financial results on 27 May 2026, with an investor briefing scheduled the same day at 10:00am AEST via a pre-registered teleconference and live webcast. The company will also provide an archived v...
Nufarm Discloses Administrative Change in Director Lynne Saint’s Shareholdings
Apr 21, 2026
Nufarm Limited has reported a change in the indirect shareholding structure of non-executive director Lynne Saint, with no impact on her overall economic interest in the company. The adjustment involves an off-market transfer of 27,474 unrestricte...
Nufarm Performance Rights Lapse After Conditions Not Met
Apr 16, 2026
Nufarm Limited has notified the market that 59,577 performance rights, trading under the ASX security code NUFAA, have lapsed. The lapse occurred because the conditions attached to these conditional rights were not met or have become incapable of ...
Nufarm lifts earnings, cuts debt and targets extra $50m in cost savings
Apr 14, 2026
Nufarm reported a strong first-half performance for FY26, with underlying EBITDA expected between $239 million and $244 million, driven by higher Crop Protection margins, growth in Hybrid Seeds and improved omega-3 and bioenergy platforms. Net deb...
Nufarm Issues 2.9 Million Unquoted Performance Rights Under Incentive Scheme
Apr 14, 2026
Nufarm Limited has notified the market of the issue of 2,915,497 unquoted performance rights under its employee incentive scheme, with an issue date of March 31, 2026. The new performance rights, which are not intended to be quoted on the ASX, for...
Host-Plus Exits Substantial Shareholding in Nufarm
Apr 7, 2026
Host-Plus Pty Limited has notified Nufarm Limited that it has ceased to be a substantial shareholder in the company as of 31 March 2026, in line with disclosure requirements under the Corporations Act. The filing indicates that there have been cha...
Nufarm Extends bp Biofuels Pact to 2050 to Scale Carinata Feedstock
Mar 25, 2026
Nufarm has expanded its long-term strategic partnership with bp to scale production of Carinata, a non-food oilseed crop used as a sustainable feedstock for aviation fuel and renewable diesel. The updated offtake and marketing agreement, now exten...
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.