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Australian Agricultural Company Ltd (AAC) fair value: what the stock is really worth

As of Oct 12, 2026: fair value of Australian Agricultural Company Ltd A$1.04, price A$1.31, upside -20.1%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Consumer Defensive · AU · ISIN AU000000AAC9

AA Thin data Oct 9, 2026

Australian Agricultural Company Ltd

AAC · AU

Weak valuationQuality is weak on top of the rich price.

Highly profitable · 25.4% net margin (TTM)
Low debt
Quality 45/100
Expensive Growth (revenue 5y +9.7 %/yr in AUD)
Fair value A$1.04 · Overvalued (−20.1%)
Negative free cash flow
Trails peers (4/12)
Narrow moat 36/100 · thin data
Thin data
⟳ Cyclical

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$2.37 A$1.17 Fair Value A$1.04 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 9, 2026.

How to read this chart

60‑month range A$1.17 – A$2.37 · fair‑value band A$0.7980 – A$1.30 · the A$1.31 price screens above the A$1.04 fair value. Dashed = 300-day average. As of Oct 9, 2026.

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Company profile

Australian Agricultural Company Limited produces cattle and beef in Australia. The company is involved in production of beef, including breeding, backgrounding, and feedlotting; sales and marketing beef into global markets; and ownership, operation, and development of pastoral properties.

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Australian Agricultural Company Limited produces cattle and beef in Australia. The company is involved in production of beef, including breeding, backgrounding, and feedlotting; sales and marketing beef into global markets; and ownership, operation, and development of pastoral properties. It provides its products under the Westholme and the Darling Downs brands. The company also exports its products. Australian Agricultural Company Limited was founded in 1824 and is based in Newstead, Australia.

Stock analysis

Australian Agricultural Company Ltd (AAC) currently trades at A$1.31, while our model-based Fair Value estimate is A$1.04, 20.1% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of A$3.40 per share, and 9 of the 10 models we run sit above the A$1.31 price.

Bear case: the Earnings-Based group reads lowest at A$1.32, and 1 of the 10 models stay below the price. Evidence for this calculation is low.

Scenario range: A$0.7980 (bear) to A$1.30 (bull), the price of A$1.31 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 45/100 (below-average quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Australian Agricultural Company Ltd reported revenue of A$422M in FY2026 versus A$276M in FY2022, a compound +11.2%/yr. Reported net income was A$107M in FY2026, compounding −5.9%/yr from FY2022.

Key figures

Market cap A$783M (≈ $546M) · P/E ratio 7.3 · P/S ratio 1.84 · EPS (TTM) A$0.1800 · Net margin 25.4% · Return on equity 6.5% · Return on assets (EBIT) −5.8% · Operating margin −65.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −20%, AAC screens richer than that median.

Fair Value models

Bear A$0.7980 Fair Value A$1.04 Bull A$1.30
Price A$1.31 · Upside -20.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (A$0.0962 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Owner Earnings A$1.38 A$2.41 A$3.82 75
Residual Income A$2.19 A$2.20 A$2.34 71
Growth-Adj P/E A$2.38 A$3.40 A$4.42 67
All 10 models by family
DCF Models
Owner Earnings A$1.38 A$2.41 A$3.82 75
Earnings-Based
Graham-Dodd A$1.21 A$4.07 A$5.45 64
Lynch FV A$0.9300 A$1.32 A$1.72 61
PEG = 1.0 A$0.9300 A$1.32 A$1.72 57
Multiples
P/E Multiple A$2.80 A$3.74 A$4.67 63
P/S Multiple A$0.8400 A$1.12 A$1.40 58
P/B Multiple A$2.27 A$3.03 A$3.78 55
Asset-Based
NCAV (Graham) A$1.47 A$1.97 A$2.95 54
Economic Profit
Residual Income A$2.19 A$2.20 A$2.34 71
Growth Earnings
Growth-Adj P/E A$2.38 A$3.40 A$4.42 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 47

Profitability 34
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 79
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.7%
Start year 2021 (pandemic). Over 10 years: −1.5% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.6% vs 4.4%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−47% → −47%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 1.5%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

AAC screens overvalued: fair value 20% below the price. Compare with Archer-Daniels-Midland Company →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm Products · 288 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside −20.1% · Below median
Profitability
Return on equity (TTM) 6.5% · Above median
Return on assets −5.8% · Bottom 25%
Net margin (TTM) 25.4% · Top 25%
Operating margin (TTM) −65.3% · Bottom 25%
Growth and dividend
Revenue growth −1.7% · Below median
Balance sheet
Debt / equity 0.27× · Above median

Valuation Multiplesvs Farm Products median · lower = cheaper

P/E (TTM) 7.3× · Cheapest 25%
P/B 0.44× · Cheaper than median
P/S (TTM) 1.85× · Priciest 25%
PEG 3.48× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)7 · sector 27
FUTURE (revenue growth)0 · sector 19
PAST (return on equity)26 · sector 19
HEALTH (low debt)87 · sector 94
DIVIDEND (yield)0 · sector 45

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Muyuan Foods Group 002714 ¥40.48 ¥115.35 +185% vs AAC
Charoen Pokphand Foods Public Company CPF 21.80 THB 55.71 THB +156% vs AAC
Fujian Wanchen Food Group 300972 ¥155.26 ¥254.63 +64% vs AAC
Mowi ASA MOWI kr 205.60 kr 280.90 +37% vs AAC
United Plantations Berhad 2089 32.58 MYR 35.84 MYR +10% vs AAC
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 −17% vs AAC
Tyson Foods, Inc TSN $51.89 $37.06 −29% vs AAC
Bunge Global SA BG $106.72 $56.75 −47% vs AAC
Archer-Daniels-Midland Company ADM $80.45 $38.02 −53% vs AAC
SalMar ASA SALM kr 580.50 kr 171.05 −71% vs AAC

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Cite: Fair Value Calculator (2026). "Australian Agricultural Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/AAC

Frequently asked questions

Is Australian Agricultural Company Ltd (AAC) overvalued or undervalued?
As of Oct 9, 2026, our model estimates a fair value of A$1.04 versus a price of A$1.31, about −20% upside (overvalued).
What is the fair value of AAC?
Our model-based fair value for Australian Agricultural Company Ltd is A$1.04 (as of Oct 9, 2026), built from audited fundamentals. The current price: A$1.31.
What is the quality score of AAC?
Australian Agricultural Company Ltd has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Australian Agricultural Company Ltd (AAC)?
Our model-based price target is the fair value of A$1.04 (as of Oct 9, 2026) from 10 valuation models. Cautious scenario A$0.7980, optimistic scenario A$1.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Australian Agricultural Company Ltd stock forecast for 2026?
Our models put fair value at A$1.04, about −20% upside versus a price of A$1.31 (overvalued). Cautious scenario A$0.7980, optimistic scenario A$1.30. The calculation is refreshed regularly with new filings.
What is the revenue of Australian Agricultural Company Ltd (AAC)?
Australian Agricultural Company Ltd reported trailing-twelve-month revenue of about A$422M (latest available figure, as of Oct 9, 2026).
What is the intrinsic value of Australian Agricultural Company Ltd (AAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Australian Agricultural Company Ltd it is A$1.04 per share (as of Oct 9, 2026), against a price of A$1.31. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Australian Agricultural Company Ltd stock overvalued or undervalued in 2026?
As of Oct 9, 2026, AAC trades above its calculated fair value: price A$1.31, fair value A$1.04, a gap of about −20% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AAC?
No. The price is what the market pays today (A$1.31); the fair value is what the company's own numbers justify (A$1.04). For Australian Agricultural Company Ltd the two are A$0.2620 per share apart. That gap is exactly why we show both numbers side by side.
How much is Australian Agricultural Company Ltd worth?
The market values Australian Agricultural Company Ltd at about A$783M (market capitalisation, as of Oct 9, 2026). Per share that is A$1.31; our models calculate a fair value of A$1.04 per share.
What do the bullish and bearish scenarios say about AAC?
Our models span a range for Australian Agricultural Company Ltd: cautious scenario A$0.7980, base A$1.04, optimistic A$1.30 per share (as of Oct 9, 2026, price A$1.31). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AAC?
Australian Agricultural Company Ltd trades at a price-to-earnings ratio of 7.3 (as of Oct 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.04 is built from several models across several years. Other multiples: PEG 3.5, P/B 0.4, P/S 1.9.
What is the PEG ratio of AAC?
The PEG ratio of Australian Agricultural Company Ltd is 3.48 (P/E divided by earnings growth, as of Oct 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Australian Agricultural Company Ltd (AAC)?
Balance-sheet figures for Australian Agricultural Company Ltd (as of Oct 9, 2026): return on equity 6.5%, debt of 0.27 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is AAC from its 52-week high?
Australian Agricultural Company Ltd trades at A$1.31, about 13% below its 52-week high of A$1.50 and 2% above the low of A$1.28 (as of Oct 12, 2026). Distance from the high says nothing about value: that is what the fair value of A$1.04 is for.
Which stocks are comparable to Australian Agricultural Company Ltd?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Australian Agricultural Company Ltd stock attractive at the current price?
The data as of Oct 9, 2026: price A$1.31, calculated fair value A$1.04 (−20%), Quality Score 45/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AAC calculated?
We run Australian Agricultural Company Ltd through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$1.04, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Australian Agricultural Company Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Australian Agricultural Company Ltd (AAC)?
The closing price on Oct 12, 2026 was A$1.31. Our model-based fair value is A$1.04, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Australian Agricultural Company Ltd right now?
Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Australian Agricultural Company Ltd

How large is the market capitalisation of Australian Agricultural Company Ltd (AAC)?
The market capitalisation of Australian Agricultural Company Ltd is A$783M (≈ $546M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Australian Agricultural Company Ltd (AAC)?
The price-to-sales ratio of Australian Agricultural Company Ltd is 1.84 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Australian Agricultural Company Ltd (AAC)?
Earnings per share at Australian Agricultural Company Ltd are A$0.1800 (price ÷ EPS = P/E 7.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Australian Agricultural Company Ltd (AAC)?
The net margin of Australian Agricultural Company Ltd is 25.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Australian Agricultural Company Ltd (AAC)?
The return on equity (ROE) of Australian Agricultural Company Ltd is 6.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Australian Agricultural Company Ltd (AAC)?
On an EBIT basis the return on assets of Australian Agricultural Company Ltd is −5.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Australian Agricultural Company Ltd (AAC)?
The operating margin of Australian Agricultural Company Ltd is −65.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Australian Agricultural Company Ltd (AAC)?
Revenue at Australian Agricultural Company Ltd is growing −1.7% versus a year earlier (3y avg +10.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Australian Agricultural Company Ltd (AAC)?
Earnings per share at Australian Agricultural Company Ltd are growing +247% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Australian Agricultural Company Ltd (AAC) generate?
The free cash flow of Australian Agricultural Company Ltd is −A$15.2M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Australian Agricultural Company Ltd (AAC) carry?
The net debt of Australian Agricultural Company Ltd is A$508M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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