Bega Cheese Ltd

  • IPO date:
  • Sector: Consumer Defensive
  • GIC Group: Food, Beverage & Tobacco
  • Industry: Packaged Foods
  • Company website

Company description

Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia. The company operates in two segments, Branded and Bulk. The Branded segment manufactures value added consumer products for owned and externally owned brands. The Bulk segment manufactures bulk dairy ingredients, nutritional, and bio nutrient products. It offers natural, processed, and kids snacking cheese; butter and cream cheese products under the Farmer's Table brand name; dips, mayonnaise, and dressings under the ZoOSh brand name; and spreads under the Simply Nuts, B honey, Bega peanut butter, and VEGEMITE brands. The company also develops and supplies bio nutrient ingredients for the health and nutrition markets. In addition, it operates as a contract packer of natural cheddar and processed cheddar cheese products for corporations; and is involved in contract packaging for private proprietary brands, supermarket house brands, and QSR raw material inputs, as well as products for other dairy companies into their brands. It also exports its products to approximately 40 countries across the Middle East, Southeast Asia, North Asia, Central and South America, and the Pacific Islands. The company was founded in 1899 and is headquartered in Bega, Australia.

Financial highlights

Market Capitalization$761.2944 million
P/E Ratio0
P/E Growth Ratio0
Book Value3.299
Dividend Per Share0.075
Earnings Per Share-0.76
EBITDA77,500
Profit Margin-0.0681
Operating Margin TTM0.0043
Return on Assets TTM0.004
Return on Equity TTM-0.2029
Revenue TTM3,376,000

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2008-06-30 696,619 599,965
2009-06-30 797,939 711,290
2010-06-30 829,029 723,114
2011-06-30 931,690 816,455
2012-06-30 926,752 811,386 115,366 108,934
2013-06-30 1,010,086 874,961 135,125 120,774
2014-06-30 1,069,392 951,117 118,275 117,564
2015-06-30 1,112,630 991,538 121,092 131,382
2016-06-30 1,195,967 1,042,595 153,372 140,139
2017-06-30 1,226,663 1,072,436 154,227 148,979
2018-06-30 1,438,281 1,166,329 271,952 236,726
2019-06-30 1,427,167 1,129,674 297,493 277,944
2020-06-30 1,501,079 1,204,171 296,908 304,435
2021-06-30 2,081,600 1,608,200 473,400 405,800
2022-06-30 3,018,300 2,320,500 697,800 720,000
2023-06-30 3,387,200 2,719,600 667,600 750,300

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2008-06-30 11,416 342,370 171,287 27,735 24,796
2009-06-30 21,963 438,394 271,445 88,739 24,810
2010-06-30 18,169 444,503 266,887 68,659 27,163
2011-06-30 20,587 462,085 256,610 94,300 27,169
2012-06-30 6,053 515,956 269,516 12,816 102,013 101,279
2013-06-30 24,235 551,472 289,520 601 110,300 101,902
2014-06-30 28,630 548,637 234,249 588 20,000 103,642
2015-06-30 10,284 552,419 239,753 11,474 57,500 103,942
2016-06-30 9,658 586,674 258,836 15,235 47,500 103,942
2017-06-30 475,533 1,056,260 483,586 64 215,280 224,692
2018-06-30 21,669 1,215,816 583,825 121 266,975 274,862
2019-06-30 28,760 1,488,585 662,649 13 316,058 477,494
2020-06-30 22,882 1,423,413 609,374 2,978 247,260 480,507
2021-06-30 87,200 2,486,100 1,225,400 25,500 391,900 875,700
2022-06-30 44,900 2,358,800 1,096,400 21,000 308,500 878,200
2023-06-30 66,400 2,153,100 1,149,400 17,200 269,000 881,000

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2008-06-30 6,557 1,775
2009-06-30 12,165 2,479
2010-06-30 53,218 1,737
2011-06-30 17,005 73,879 20,587 3,260
2012-06-30 17,534 -10,539 -17,661 20,587 2,926 4,928
2013-06-30 25,445 61,986 21,309 2,926 24,235 10,619
2014-06-30 66,055 40,474 5,932 22,698 28,630 12,164
2015-06-30 12,408 -17,345 -18,346 28,630 10,284 12,971
2016-06-30 28,779 58,980 -626 10,284 9,658 13,734
2017-06-30 138,748 57,074 465,875 9,658 475,533 15,260
2018-06-30 28,768 58,564 -453,864 475,533 21,669 19,431
2019-06-30 11,819 100,272 7,091 21,669 28,760 19,127
2020-06-30 21,268 137,731 -5,878 28,760 22,882 19,455
2021-06-30 72,200 111,400 64,300 22,900 87,200 23,300
2022-06-30 24,200 127,900 -42,300 87,200 44,900 28,700
2023-06-30 -229,900 8,200 21,500 44,900 66,400 26,800