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Select Harvests
(Sydney:SHV)
Select Model
Select Model
Rating:63Neutral
Price Target:
AU$4.50
▲(2.04% Upside)
Action:Reiterated
Date:06/04/26
The score is primarily supported by improving fundamentals (revenue growth, margin recovery, and strong free cash flow improvement) and a healthier leverage profile. It is held back by weak price trend positioning below key moving averages and only moderate valuation support (P/E ~18) with no dividend yield data available.
Positive Factors
Revenue and Margin Recovery
Latest-period revenue growth, alongside higher gross and net margins, indicates recovery in sales and operating profitability. If sustained, the improvement can strengthen reinvestment capacity across orchards, processing and branded channels.
Negative Factors
Earnings Volatility
Volatile operating margins and cash flow make it harder to underwrite dependable earnings and recurring reinvestment capacity. This variability may persist because agricultural output, input costs and product mix can change across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Recovery
Latest-period revenue growth, alongside higher gross and net margins, indicates recovery in sales and operating profitability. If sustained, the improvement can strengthen reinvestment capacity across orchards, processing and branded channels.
Read all positive factors
Select Harvests (SHV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$612.48M
Dividend Yield0.79%
Average Volume (3M)806.62K
Price to Earnings (P/E)20.5
Beta (1Y)0.52
Revenue Growth-5.67%
EPS Growth-9.70%
CountryAU
Employees425
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.21
Shares Outstanding142,107,640
10 Day Avg. Volume359,609
30 Day Avg. Volume806,623
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.09
Price to Sales (P/S)1.44
P/FCF Ratio7.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.23Price Target Upside18.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.34
Revenue Forecast (FY)AU$446.87M
Select Harvests Business Overview & Revenue Model
Company Description
Select Harvests Limited is an Australian company dedicated to the processing, packaging, marketing, and distribution of a diverse range of edible nuts, dried fruits, seeds, muesli, and natural health foods. It operates as a significant grower, pro...
How the Company Makes Money
Select Harvests makes money primarily by selling almonds and almond-based products, with earnings generated across multiple stages of the value chain. (1) Almond production and sales: The company generates revenue from harvesting almonds from its ...
Select Harvests Earnings Call Summary
Earnings Call Date:Nov 25, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 20, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong financial recovery with significant profit increase and debt reduction, driven by improved almond pricing and operational efficiencies. However, challenges such as a reduced crop size, increased production costs, and bee management issues present headwinds.Positive Updates
Record Safety Performance
The company achieved a record TRIFR of 5.5, indicating significant improvements in workplace safety.
Negative Updates
Lower Crop Size
The crop size decreased by 15.7% to 24,903 metric tons, affecting overall production.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Safety Performance
The company achieved a record TRIFR of 5.5, indicating significant improvements in workplace safety.
Read all positive updates
Company Guidance
In the recent Select Harvests 2025 Half Year Results Presentation, the company outlined several key metrics highlighting robust performance and strategic progress. The net profit after tax showed a significant improvement, reaching $31.8 million, up from $900,000 in 2024, despite a 15.7% reduction in crop size to 24,903 metric tons. This was driven by an increase in almond prices, which averaged $10.18 per kilogram, a 32.4% rise compared to the previous year. The company's safety performance reached a record TRIFR of 5.5. Operating cash flow grew to $118.6 million, and net debt was halved to $79.1 million. The company also reported a 2% to 2.4% price premium over global markets, translating to an $8 million gain. While the Board decided not to pay a dividend this year, they aim to resume dividends as debt levels further decrease.Select Harvests Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 352.75M | 397.81M | 336.84M | 205.44M | 235.52M | 228.26M |
| Gross Profit | 6.74M | 68.45M | 32.88M | -26.99M | 25.07M | 44.84M |
| EBITDA | -6.74M | 59.14M | 30.55M | -135.28M | 33.59M | 53.72M |
| Net Income | 29.77M | 31.84M | 1.50M | -114.73M | 4.76M | 15.12M |
Balance Sheet | ||||||
| Total Assets | 1.11B | 937.75M | 1.01B | 913.25M | 1.00B | 1.00B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42M | 1.37M | 2.87M | 1.13M | 1.14M | 2.00M |
| Total Debt | 384.31M | 296.33M | 400.52M | 420.98M | 377.78M | 353.22M |
| Total Liabilities | 554.08M | 414.55M | 529.31M | 501.73M | 494.00M | 476.85M |
| Stockholders Equity | 554.69M | 523.20M | 480.76M | 411.52M | 520.28M | 526.96M |
Cash Flow | ||||||
| Free Cash Flow | 10.89M | 79.03M | 1.34M | -31.23M | -5.95M | -127.34M |
| Operating Cash Flow | 45.05M | 118.64M | 21.35M | -8.25M | 26.30M | 38.19M |
| Investing Cash Flow | -39.90M | -29.49M | -18.39M | -26.15M | -35.57M | -169.72M |
| Financing Cash Flow | -5.52M | -90.65M | 5.09M | 30.74M | 10.27M | 133.25M |
Select Harvests Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$156.14M | 17.20 | 12.22% | 2.27% | 27.60% | 96.31% | |
70 Outperform | AU$1.68B | 89.59 | 3.45% | 1.32% | -2.41% | 104.12% | |
63 Neutral | AU$612.48M | 20.54 | 5.52% | 0.79% | -5.67% | -9.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | AU$1.84B | 298.25 | 0.82% | 1.95% | 1.47% | -76.20% | |
44 Neutral | AU$30.46M | -1.71 | -53.68% | ― | -12.46% | 44.05% | |
23 Underperform | AU$33.25M | -0.36 | 19.78% | ― | 6.22% | 39.68% |
* General Sector Average
AU:SHV
Select Harvests
4.43
0.61
16.09%
AU:NOU
Noumi Limited
0.12
-0.05
-29.41%
AU:BGA
Bega Cheese Limited
6.00
0.90
17.72%
AU:CBO
Cobram Estate Olives Ltd.
3.62
0.80
28.37%
AU:CLV
Clover Corporation Limited
0.92
0.37
67.58%
AU:MBH
Maggie Beer Holdings Ltd.
0.06
<0.01
10.91%
Select Harvests Corporate Events
Select Harvests Issues Daily Update on Ongoing Share Buy-Back
Aug 11, 2026
Select Harvests Limited has provided a daily update on its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest notification dated August 12, 2026, the company reports having repurchased a cumulative 2,118,...
Select Harvests Continues Daily On-Market Share Buy-Back Program
Aug 10, 2026
Select Harvests Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 2,058,202 shares had been repurchased before the previ...
Select Harvests Continues On-Market Share Buy-Back Program
Aug 9, 2026
Select Harvests Limited has reported progress on its on-market share buy-back program, confirming that a total of 1,998,214 ordinary fully paid shares had been repurchased before the previous trading day. The company also disclosed that a further ...
Select Harvests Updates Capital After On-Market Share Buy-Back
Aug 7, 2026
Select Harvests Limited has updated its issued capital details following the cancellation of securities acquired under an on-market share buy-back. The notification to the ASX, dated 7 August 2026 and amending a prior June filing, confirms the red...
Select Harvests Updates Daily On-Market Share Buy-Back Activity
Aug 6, 2026
Select Harvests Limited has continued its on-market share buy-back program, reporting that a total of 1,938,941 ordinary fully paid shares had been repurchased before the previous trading day. On the prior day alone, the company bought back an add...
Select Harvests Continues On-Market Share Buy-Back Program
Aug 5, 2026
Select Harvests Limited, the ASX-listed agribusiness focused on almonds and related food products, continues to manage its capital structure through an on-market share buy-back of its ordinary fully paid shares. The company remains an important su...
Select Harvests Updates Market on Ongoing On-Market Share Buy-Back
Aug 4, 2026
Select Harvests Limited has disclosed an update to its on-market share buy-back program, covering ordinary fully paid shares traded under the ASX code SHV. The company previously announced the buy-back in late May 2026 and continues to report dail...
Select Harvests Updates ASX on Progress of On-Market Share Buy-Back
Aug 2, 2026
Select Harvests Limited has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid shares. The latest daily buy-back notice, dated 3 August 2026, reports that a total of 1,700,764 s...
Select Harvests Details Equity Holdings as Director David Surveyor Departs Board
Jul 31, 2026
Select Harvests Limited has announced the cessation of David Surveyor as a director effective 31 July 2026, lodging a final director’s interest notice with the ASX. The notice details his remaining interests in the company’s securities...
Select Harvests Updates ASX on Ongoing On-Market Share Buy-Back
Jul 30, 2026
Select Harvests Limited has provided an updated notification to the ASX regarding its on-market share buy-back program for ordinary fully paid shares under the code SHV. The latest daily report, dated 31 July 2026, confirms the continued execution...
Select Harvests Updates Market on Progress of On‑Market Share Buy‑Back
Jul 28, 2026
Select Harvests Limited has provided an updated notification to the ASX on its ongoing on‑market share buy‑back program for its ordinary fully paid shares, SHV. As of the latest daily report dated 29 July 2026, the company has bought b...
Select Harvests Reports Ongoing On-Market Share Buy-Back Activity
Jul 23, 2026
Select Harvests Limited, the ASX-listed agribusiness behind the SHV ordinary fully paid shares, has confirmed ongoing execution of its on-market share buy-back program. The latest update, dated 24 July 2026, reports cumulative repurchases of 1,592...
Select Harvests Reports Progress on Ongoing On-Market Share Buy-Back
Jul 14, 2026
Select Harvests Limited, the ASX-listed almond producer and marketer, continues to operate an on-market share buy-back program for its ordinary fully paid shares under the code SHV. The company is positioned within the agricultural and food sector...
Select Harvests Continues Daily On-Market Share Buy-Back
Jul 13, 2026
Select Harvests Limited has continued its on-market share buy-back of ordinary fully paid shares on the ASX, under its existing program first notified in late May 2026. The company reported that a cumulative 1,492,241 shares had been repurchased p...
Select Harvests Updates Daily On-Market Share Buy-Back Activity
Jul 7, 2026
Select Harvests Limited has provided an updated daily notification on its ongoing on-market share buy-back program. The company reported that a total of 1,325,959 shares had been repurchased before the previous trading day, with a further 115,075 ...
Select Harvests Updates Market on Progress of Daily Share Buy-Back
Jul 6, 2026
Select Harvests Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under code SHV. The update, dated 7 July 2026, confirms that the company continues to...
Select Harvests Reports Daily Progress on On-Market Share Buy-Back
Jul 2, 2026
Select Harvests Limited has continued its on-market share buy-back program, reporting that a total of 891,522 ordinary fully paid shares had been repurchased before the previous trading day. The company disclosed a further 204,983 shares were boug...
Select Harvests Reports Ongoing Daily On‑Market Share Buy‑Back Activity
Jul 1, 2026
Select Harvests Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares, listed under the ASX code SHV. The latest notification reports that the company has repurchased a cumula...
Select Harvests Continues On-Market Share Buy-Back Program
Jun 30, 2026
Select Harvests Limited has disclosed ongoing activity under its on-market share buy-back program, targeting its ordinary fully paid shares trading under the ASX code SHV. The company reported that a cumulative 837,715 shares had been repurchased ...
Select Harvests Updates Market on Ongoing On‑Market Share Buy‑Back
Jun 29, 2026
Select Harvests Limited has continued its on-market share buy-back program, purchasing 26,085 ordinary fully paid shares on the most recent trading day, bringing the total bought back to 811,630 shares. The update, lodged with the ASX under code S...
Select Harvests Reports Daily Progress on On-Market Share Buy-Back
Jun 28, 2026
Select Harvests Limited has continued its on-market share buy-back program, confirming that it is repurchasing ordinary fully paid shares under its previously announced initiative. The company reported that a cumulative 785,335 shares had been bou...
Select Harvests Cancels Shares Under On‑Market Buy‑Back
Jun 26, 2026
Select Harvests Limited has cancelled 101,927 ordinary fully paid shares following an on‑market buy‑back, as disclosed in its latest capital management filing. The reduction in issued capital reflects the company’s ongoing use of...
Select Harvests Updates Market on Ongoing On‑Market Share Buy‑Back
Jun 25, 2026
Select Harvests Limited has been conducting an on‑market buy‑back of its ordinary fully paid shares under a program first notified on 28 May 2026, as part of its ongoing capital management strategy. As of 26 June 2026, the company repo...
Select Harvests Continues On-Market Share Buy-Back Program
Jun 23, 2026
Select Harvests Limited has launched an on-market share buy-back of its ordinary fully paid shares, trading under ASX code SHV. The company continues to execute this capital management initiative, signalling confidence in its balance sheet and lon...
Select Harvests Cancels Shares Following On-Market Buy-Back
Jun 22, 2026
Select Harvests Limited has adjusted its capital structure, confirming the cancellation of 631,151 ordinary fully paid shares as part of an on-market share buy-back program. The move reduces the company’s issued capital, potentially improvin...
Select Harvests Updates Market on Progress of On‑Market Share Buy‑Back
Jun 21, 2026
Select Harvests Limited, listed on the ASX under the code SHV, has ordinary fully paid shares that are the subject of an on-market buy-back program. The company continues to provide regular market updates on the execution of this capital managemen...
Select Harvests Reports Daily Progress on On-Market Share Buy-Back
Jun 18, 2026
Select Harvests Limited has updated the market on its ongoing on-market share buy-back program, covering ordinary fully paid shares under the ASX code SHV. The company reported that it has repurchased a cumulative total of 631,151 shares prior to ...
Select Harvests Reports Daily Progress on On‑Market Share Buy‑Back
Jun 17, 2026
Select Harvests Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares trading under ASX code SHV. As of 18 June 2026, the company reported that it had repurchased a cumulative...
Select Harvests Updates Market on Daily On-Market Share Buy-Back
Jun 16, 2026
Select Harvests Limited has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code SHV. The company reported that a total of 192,097 shares had been repurchased before...
Select Harvests Names Steven Fisher to Board With No Initial Shareholding
Jun 4, 2026
Select Harvests has appointed Steven Fisher as a director of the company effective 5 June 2026, as disclosed in an initial director’s interest notice to the ASX. The filing confirms that Fisher holds no relevant interests in the company̵...
Select Harvests Adds Veteran Retail Executive Steven Fisher to Board
Jun 4, 2026
Select Harvests has strengthened its board with the appointment of Steven Fisher as an independent non-executive director, effective 5 June 2026. Fisher brings more than three decades of experience leading multi-brand, consumer-facing businesses a...
State Street Entities Exit Substantial Holder Position in Select Harvests
Jun 3, 2026
Select Harvests has disclosed that entities related to State Street Corporation, including State Street Bank and Trust Company, State Street Global Advisors Australia and SSGA Funds Management, have ceased to be substantial shareholders in the com...
Select Harvests Director Increases Shareholding via On-Market Purchase
Jun 3, 2026
Select Harvests has disclosed a change in the shareholding of director Paul van Heerwaarden, who increased his direct holding in the company through an on-market purchase. He acquired 10,000 fully paid ordinary shares on 3 June 2026 at $3.66 per s...
State Street Entities Cease to Be Substantial Holders in Select Harvests
May 29, 2026
Select Harvests has disclosed that State Street Corporation and several of its subsidiaries, including State Street Bank and Trust Company, SSGA Funds Management, Inc. and State Street Global Advisors, Australia, Limited, have ceased to be substan...
Select Harvests to Present 2026 Half-Year Results via Webcast
May 27, 2026
Select Harvests Limited has released a presentation for its 2026 half-year results, to be delivered via a live webcast on 28 May 2026. The announcement signals an important financial reporting milestone for the agribusiness, providing investors an...
Select Harvests Launches On-Market Share Buy-Back
May 27, 2026
Select Harvests Limited has announced an on-market share buy-back program for its ordinary fully paid shares listed on the ASX under ticker SHV. The announcement, lodged on 28 May 2026, signals that the company intends to repurchase its own stock ...
Select Harvests lifts earnings, boosts crop outlook and launches buy-back
May 27, 2026
Select Harvests has reported underlying net profit after tax of $29.1 million for the half-year to 31 March 2026, up 32.9% on the prior corresponding period, with reported NPAT at $26.6 million and EBITDA at $59.0 million. The board has declared a...
Select Harvests Declares Interim Dividend for Half-Year to March 2026
May 27, 2026
Select Harvests Limited has declared an ordinary dividend of A$0.035 per fully paid share, relating to the six‑month period ended 31 March 2026. The dividend will trade ex‑dividend on 17 June, with a record date of 18 June and payment ...
Select Harvests Resumes Interim Dividend Despite Sharp Revenue Decline
May 27, 2026
Select Harvests reported a sharp 43.5% fall in revenue from continuing operations to $58.99 million for the half year to 31 March 2026, while net profit after tax attributable to members declined 7.2% to $26.6 million. Despite the earnings pressur...
State Street Group Ceases to Be Substantial Holder in Select Harvests
May 27, 2026
State Street Corporation and several of its subsidiaries, including State Street Bank and Trust Company and State Street Global Advisors, have lodged a formal notice that they have ceased to be substantial shareholders in Select Harvests Limited. ...
State Street Group Exits Substantial Holder Position in Select Harvests
May 25, 2026
State Street Corporation, through subsidiaries including State Street Bank and Trust Company, SSGA Funds Management, Inc. and State Street Global Advisors, Australia, Limited, has filed notice that it has ceased to be a substantial shareholder in ...
Select Harvests Sets Webcast to Present 1H FY2026 Results
May 21, 2026
Select Harvests Limited will host a webcast briefing on its financial results for the half year ended 31 March 2026 at 10.30am AEST on Thursday, 28 May 2026, with the results to be released to the ASX earlier the same day. The online event, access...
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.