Select Harvests (AU:SHV)
ASX:SHV
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Select Harvests
(Sydney:SHV)
Select Model
Select Model
Rating:74Outperform
Price Target:
AU$4.00
▲(0.25% Upside)
Action:UpgradedDate:12/11/25
Select Harvests is on a positive trajectory with strong financial recovery and bullish technical indicators. The company's strategic focus on debt reduction and operational efficiency is commendable, although challenges such as increased production costs and no dividend payment this year are notable risks.
Positive Factors
Cash Generation
A 147% surge in free cash flow and an operating cash flow to net income ratio of 0.83 indicate materially stronger cash conversion. Durable cash generation improves funding for capex, debt reduction and working capital, lowering refinancing risk and supporting multi-season resilience.
Negative Factors
Yield / Crop Size Volatility
A 15.7% drop in crop size highlights agronomic volatility that directly reduces sellable volumes and increases revenue sensitivity to yields. Persistent yield variability forces reliance on price recovery to offset volumes and raises multi-season earnings cyclicality.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
A 147% surge in free cash flow and an operating cash flow to net income ratio of 0.83 indicate materially stronger cash conversion. Durable cash generation improves funding for capex, debt reduction and working capital, lowering refinancing risk and supporting multi-season resilience.
Read all positive factors
Select Harvests (SHV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$531.48M
Dividend YieldN/A
Average Volume (3M)806.62K
Price to Earnings (P/E)45.1
Beta (1Y)0.98
Revenue Growth18.08%
EPS Growth1680.16%
CountryAU
Employees471
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.02
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$4.80Price Target Upside20.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.37
Revenue Forecast (FY)AU$405.74M
Select Harvests Business Overview & Revenue Model
Company Description
Select Harvests Limited engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, muesli, and various natural health foods in Australia. It grows, processes, and sells almonds to the food industry from ...
How the Company Makes Money
Select Harvests makes money primarily by selling almonds and almond products produced from its owned/managed orchards and processed through its facilities. Key revenue streams include: (1) bulk almond sales (typically shelled/processed almonds) to...
Select Harvests Earnings Call Summary
Earnings Call Date:Nov 25, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 22, 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 | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 397.81M | 336.84M | 205.44M | 235.52M | 228.26M |
| Gross Profit | 68.45M | 32.88M | -26.99M | 25.07M | 44.84M |
| EBITDA | 59.14M | 30.55M | -135.28M | 33.59M | 53.72M |
| Net Income | 31.84M | 1.50M | -114.73M | 4.76M | 15.12M |
Balance Sheet | |||||
| Total Assets | 937.75M | 1.01B | 913.25M | 1.00B | 1.00B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37M | 2.87M | 1.13M | 1.14M | 2.00M |
| Total Debt | 296.33M | 400.52M | 420.98M | 377.78M | 353.22M |
| Total Liabilities | 414.55M | 529.31M | 501.73M | 494.00M | 476.85M |
| Stockholders Equity | 523.20M | 480.76M | 411.52M | 520.28M | 526.96M |
Cash Flow | |||||
| Free Cash Flow | 79.03M | 1.34M | -31.23M | -5.95M | -127.34M |
| Operating Cash Flow | 118.64M | 21.35M | -8.25M | 26.30M | 38.19M |
| Investing Cash Flow | -29.49M | -18.39M | -26.15M | -35.57M | -169.72M |
| Financing Cash Flow | -90.65M | 5.09M | 30.74M | 10.27M | 133.25M |
Select Harvests Technical Analysis
Negative
3.99
Price Trends
4.19
Negative
4.31
Negative
4.10
Negative
Market Momentum
-0.09
Negative
40.12
Neutral
10.37
Positive
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 3.87, below the 50-day MA of 4.19, and below the 200-day MA of 4.10, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 10.37 is Positive, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.57B | -40.41 | 14.44% | 1.55% | 6.09% | 166.89% | |
74 Outperform | AU$531.48M | 45.12 | 6.00% | ― | 18.08% | 1680.16% | |
72 Outperform | AU$146.12M | 7.66 | 10.01% | 2.19% | 38.25% | 361.54% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | AU$35.84M | 22.20 | -53.68% | ― | -15.07% | 29.45% | |
51 Neutral | AU$1.79B | 9.86 | 0.82% | 1.95% | 0.49% | -127.84% | |
40 Underperform | AU$31.87M | -0.37 | 19.78% | ― | 1.03% | -52.56% |
* Consumer Defensive Sector Average
AU:SHV
Select Harvests
3.74
-1.04
-21.76%
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9.51%
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3.29
1.45
78.80%
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Clover Corporation Limited
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75.00%
AU:MBH
Maggie Beer Holdings Ltd.
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0.02
29.03%
Select Harvests Corporate Events
Select Harvests Assesses Impact of Heavy Rains on 2026 Almond Crop
Mar 3, 2026
Select Harvests has reported that recent heavy rainfall has halted harvesting at its Riverland and Sunraysia orchards in South Australia, Victoria and southern New South Wales, prompting a temporary redeployment of equipment and staff to its drier...
Select Harvests Sets 2025 AGM to Vote on Board Elections and Executive Pay
Jan 15, 2026
Select Harvests Limited has convened its 2025 Annual General Meeting for 17 February 2026 in Melbourne, where shareholders will receive and consider the company’s financial statements for the year ended 30 September 2025. The agenda includes...
Select Harvests Corrects TSR Figures in FY2025 Annual Report
Jan 15, 2026
Select Harvests has identified and corrected a series of inaccurate total shareholder return (TSR) figures published in its FY2025 Annual Report, affecting reported TSRs for FY21 to FY25 in a graph and one reference to the FY25 TSR. The company ha...
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.