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

Bega – Update

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

Accumulate within the $5.50 – $5.70 price range.

4/6 Update: Bega has now rallied from Wednesday’s $5.64 low to be trading today at $5.90. Traders – stay long BGA whilst the price action remains above the 10 day average.

Investors – You may choose to simply hold the stock for yield and the likely compound 5 – 9% EPS growth.