Select Harvests (AU:SHV)
ASX:SHV
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Select Harvests
(Sydney:SHV)
Select Model
Select Model
Rating:63Neutral
Price Target:
AU$4.00
â–²(0.25% 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
Vertical integration across almond value chain
Owning orchards, processing capacity and distribution channels lets Select Harvests capture upstream and downstream margins, control quality and supply, and better match product forms to customer needs. This integrated model supports durable margin capture and strategic resilience across cycles.
Negative Factors
Agricultural and commodity exposure
Select Harvests' revenues and margins are structurally linked to crop yields, weather, global almond prices and FX. These factors create persistent volume and price variability that complicates multi-quarter planning and can produce material swings in profitability and cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration across almond value chain
Owning orchards, processing capacity and distribution channels lets Select Harvests capture upstream and downstream margins, control quality and supply, and better match product forms to customer needs. This integrated model supports durable margin capture and strategic resilience across cycles.
Read all positive factors
Select Harvests (SHV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$544.27M
Dividend YieldN/A
Average Volume (3M)806.62K
Price to Earnings (P/E)18.4
Beta (1Y)0.77
Revenue Growth-5.67%
EPS Growth-9.70%
CountryAU
Employees471
SectorConsumer Defensive
Sector Strength42
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$4.87Price Target Upside21.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.38
Revenue Forecast (FY)AU$437.18M
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 primarily makes money by selling almonds and almond products produced from its orchards and processed through its facilities. Key revenue streams include (1) sales of almond kernels to food manufacturers, ingredient users, and reta...
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 Technical Analysis
Negative
3.99
Price Trends
3.75
Positive
3.86
Negative
4.03
Negative
Market Momentum
0.04
Negative
51.24
Neutral
59.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHV, the sentiment is Negative. The current price of 3.99 is above the 20-day moving average (MA) of 3.80, above the 50-day MA of 3.75, and below the 200-day MA of 4.03, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 59.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SHV.
Select Harvests Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$148.63M | 16.71 | 12.22% | 2.19% | 27.60% | 96.31% | |
75 Outperform | AU$1.86B | 121.92 | 3.45% | 1.55% | -2.41% | 104.12% | |
63 Neutral | AU$544.27M | 18.43 | 5.52% | ― | -5.67% | -9.70% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
51 Neutral | AU$1.72B | 208.55 | 0.82% | 1.95% | 1.47% | -76.20% | |
46 Neutral | AU$31.36M | -1.35 | -53.68% | ― | -12.46% | 44.05% | |
40 Underperform | AU$26.33M | -0.29 | 19.78% | ― | 6.22% | 39.68% |
* Consumer Defensive Sector Average
AU:SHV
Select Harvests
4.01
-0.15
-3.68%
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AU:MBH
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Select Harvests Corporate Events
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...
State Street Group Ceases to Be Substantial Holder in Select Harvests
May 4, 2026
State Street Corporation and certain subsidiaries have notified Select Harvests Limited that they have ceased to be substantial shareholders in the company as of 30 April 2026. The notice, lodged under section 671B of the Corporations Act, reflect...
State Street Ceases to Be Substantial Holder in Select Harvests
Apr 28, 2026
State Street Corporation, through subsidiaries including State Street Global Advisors Australia, SSGA Funds Management and State Street Bank and Trust Company, has lodged a notice that it has ceased to be a substantial shareholder in Select Harves...
State Street Ceases to Be Substantial Holder in Select Harvests
Apr 23, 2026
Institutional investor State Street Corporation and its relevant subsidiaries have lodged a notice that they have ceased to be a substantial shareholder in Select Harvests Limited. The filing, made under Australian Corporations Act disclosure rule...
Select Harvests Grants 822,636 Unquoted Performance Rights Under Incentive Plan
Apr 17, 2026
Select Harvests has issued 822,636 unquoted performance rights under its employee incentive scheme, with the new securities dated 16 April 2026. The move reinforces the company’s use of equity-based remuneration to align staff interests with...
Select Harvests CEO David Surveyor to Step Down After Transformation Drive
Apr 9, 2026
Select Harvests has announced the resignation of Chief Executive Officer and Managing Director David Surveyor, who informed the board he will step down after serving since early 2023. The company will commence a search for his successor, with Surv...
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.