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Elders Limited (ELD) Fair Value & Analysis

Consumer Defensive · AU · Market cap A$1.2B

EL Elders Limited ELD · AU
PriceA$5.56
Fair ValueA$5.79
Upside+4.2%
Quality41/100
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Mixed Growth
Thin margins · 1.6% net margin
Low debt · generates free cash flow
6.49% dividend yield
Ranks above peers (9/15)
Narrow moat 31/100
Evidence: High Range A$4.35 – A$7.25 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 28 days ago

Share price +2.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from A$4.35 (bear) to A$7.25 (bull), base A$5.79. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$11.72 A$4.69 Fair Value A$5.79 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$4.69 – A$11.72 · fair‑value band A$4.35 – A$7.25 · the A$5.56 price screens below the A$5.79 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Elders Limited (ELD) currently trades at A$5.56, while our model-based Fair Value estimate is A$5.79, implying the stock looks roughly 4.2% fairly valued today. The Quality Score stands at 41/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Elders Limited generated revenue of A$3.6B at a net margin of 1.6%. Revenue grew 31.8% year over year. It earns a return on equity of 5.2%. Net debt stands at A$547M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$4.35 (bear case) to A$7.25 (bull case); at A$5.56, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 4%, ELD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$4.65 A$6.57 A$9.03 80
Residual Income A$3.63 A$3.63 A$3.23 76
Rev-Margin DCF A$5.03 A$8.13 A$11.79 74
All 26 models by family
DCF Models
FCF DCF A$4.64 A$6.90 A$10.01 38
Owner Earnings A$5.36 A$7.97 A$11.57 31
5Y Revenue Exit A$5.03 A$8.15 A$12.17 39
5Y EBITDA Exit A$7.07 A$12.05 A$17.98 41
5Y P/E Exit A$3.86 A$5.91 A$8.07 38
10Y Revenue Exit A$4.67 A$7.33 A$11.00 36
10Y EBITDA Exit A$6.02 A$9.84 A$15.14 37
10Y P/E Exit A$4.13 A$5.90 A$8.08 35
Earnings-Based
Graham-Dodd A$1.59 A$5.51 A$7.40 54
Lynch FV A$1.28 A$1.82 A$2.37 50
PEG = 1.0 A$1.28 A$1.82 A$2.37 46
EPV A$4.25 A$4.82 A$5.30 59
Dividend Discount
Gordon GGM A$2.02 A$3.65 A$5.02 70
DDM Multi-Stage A$2.02 A$3.31 A$3.89 61
Multiples
P/E Multiple A$3.68 A$4.90 A$6.13 63
P/S Multiple A$2.98 A$3.97 A$4.96 58
P/B Multiple A$2.98 A$3.97 A$4.96 55
EV/EBIT A$7.72 A$10.27 A$12.81 53
EV/EBITDA A$9.71 A$12.91 A$16.12 54
EV/Revenue A$5.53 A$7.87 A$10.21 43
Asset-Based
NCAV (Graham) A$2.51 A$3.36 A$5.02 50
Growth DCF
Growth DCF A$4.65 A$6.57 A$9.03 80
Rev-Margin DCF A$5.03 A$8.13 A$11.79 74
Economic Profit
Residual Income A$3.63 A$3.63 A$3.23 76
ROIC Compounder A$4.25 A$4.82 A$5.57 72
Growth Earnings
Growth-Adj P/E A$3.16 A$4.52 A$5.87 68

Widest divergence: DCF Models (A$7.33) versus Earnings-Based (A$1.82). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$3.6B
Revenue growth (YoY) +31.8%
Net margin 1.6%
Return on equity 5.2%
Free cash flow A$102M FY2025
P/E ratio 22.3
More key figures
Operating margin 4.0%
EPS (TTM) A$0.2500
Dividend yield 6.5%
EPS growth (YoY) -0.3%
Net debt A$547M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 33

Profitability 42
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 15
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Elders Limited engages in the provision of agricultural products and services to rural and regional customers primarily in Australia. It operates through Branch Network, Wholesale Products, and Feed and Processing Services segments.

Full company description

Elders Limited engages in the provision of agricultural products and services to rural and regional customers primarily in Australia. It operates through Branch Network, Wholesale Products, and Feed and Processing Services segments. The company supplies rural farm inputs, such as seeds, fertilizers, agricultural chemicals, animal health products, and general rural merchandise, as well as professional production and cropping advisory services; and provides retail services through corporate owned stores and through the Ag, Horse, and Pet brand names to independently owned member stores. The company also provides on-farm sales to third parties, regular physical, and online public livestock auctions, as well as directly sells through its owned and third-party feedlots and livestock exporters; agency services for the sale of greasy wool and grain; and brokering services for wool growers. In addition, it markets residential properties, agricultural land, lifestyle estates, and commercial real estate; residential property management and commercial asset management services; and water broking. Further, the company provides a range of banking and insurance products and services; and operates AuctionsPlus, an online livestock auction platform. Additionally, it is involved in grain-fed distribution, beef grass-fattening operations, cow manure processing, and irrigated corn production activities. The company was founded in 1839 and is headquartered in Adelaide, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Elders Limited reported revenue of A$3.2B in FY2025 versus A$2.5B in FY2021, a compound +5.8%/yr. Reported net income was A$50.3M in FY2025, compounding −23.9%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$3.2B
Latest YoY
+2.1%
Avg. growth/yr (3Y)
−2.5%
Avg. growth/yr (5Y)
+8.8%
Avg. growth/yr (36Y)
+12.8%
Revenue +5.8%/yr
FY21 A$2.5B
FY22 A$3.4B
FY23 A$3.3B
FY24 A$3.1B
FY25 A$3.2B
Net income −23.9%/yr
FY21 A$150M
FY22 A$163M
FY23 A$101M
FY24 A$45.1M
FY25 A$50.3M

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Cite: Fair Value Calculator (2026). "Elders Limited Fair Value". https://www.fairvalue-calculator.com/stock/ELD

Peer Group

Farm Products · 291 stocks

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.

Quality Score 41 · Below median
Fair Value upside −12% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 32% · Top 25%
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 22.3× · Pricier than median
P/B 0.79× · Cheaper than median
P/S (TTM) 0.23× · Cheaper than median
P/FCF 8.3× · Pricier than 75% of peers
EV/EBITDA 4.9× · Cheaper than median
PEG 0.13× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 26
FUTURE 100 · sector 21
PAST 21 · sector 17
HEALTH 99 · sector 94
DIVIDEND 100 · sector 38

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Elders Limited (ELD) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$5.79 versus a price of A$5.56, about +4% (fairly valued).
What is the fair value of ELD?
Our model-based fair value for Elders Limited is A$5.79 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$5.56.
What is the quality score of ELD?
Elders Limited has a Quality Score of 41/100. 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 revenue of Elders Limited (ELD)?
Elders Limited reported trailing-twelve-month revenue of about A$3.6B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ELD?
The net profit margin of Elders Limited is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does Elders Limited pay a dividend?
Elders Limited currently shows a dividend yield of about 6.77% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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