Bega – Algo Buy

Bega Cheese is under Algo Engine buy conditions.

The FY21 result beat forecasts on a number of key metrics, with FY21 sales +38%, underlying EBITDA increased +38%, and NPAT up 24%.

FY22 BGA is targeting further earnings growth and to realise the synergies from the LD&D acquisition.

BGA buying support to increase above the $5.00 support level.

1/11 update: Bega has rallied from the $5.26 entry-level and the current higher low at $5.32 is likely to see strong buying support.

18/11 update: BGA is now trading $5.70 and the price action remains above the 10-day average.

Bega – Algo Buy

Bega Cheese is under Algo Engine buy conditions.

The FY21 result beat forecasts on a number of key metrics, with FY21 sales +38%, underlying EBITDA increased +38%, and NPAT up 24%.

FY22 BGA is targeting further earnings growth and to realise the synergies from the LD&D acquisition.

BGA buying support to increase above the $5.00 support level.

1/11 update: Bega has rallied from the $5.26 entry-level and the current higher low at $5.32 is likely to see strong buying support.

Bega – Algo Buy

Bega Cheese is under Algo Engine buy conditions.

The FY21 result beat forecasts on a number of key metrics, with FY21 sales +38%, underlying EBITDA increased +38%, and NPAT up 24%.

FY22 BGA is targeting further earnings growth and to realise the synergies from the LD&D acquisition.

BGA buying support to increase above the $5.00 support level.

Bega – FY21 Earnings

Bega Cheese is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

Accumulate within the $5.00 – $5.25 price range.

Update: 27/8 Bega FY21 Earnings release: Performance highlights

 Reduction in normalised EBITDA to net debt leverage
ratio from 2.35 times to 2.25 times
 Normalised EBITDA increased by 38% to $141.7 million
 Statutory EBITDA increase by 108% to $182.7 million
 Operating cash flow $111.4 million