Earnings Hunter Report

Agriculture Company Limited

Jul 11, 2024

| Read Time :10 Mins

AAC:ASX

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (AU$)

Section 1: Company Overview and Key Earnings Metrices

Company Overview: Agriculture Company Limited (ASX: AAC) is an Australian-based beef and integrated cattle producer. The company engaged in selling and marketing branded beef globally, along with developing the coastal properties, breeding backgrounding, and feed lotting across Australia. Kalkine’s Earnings Hunter Report covers the Key Financial Metrics, Risks, Outlook, Technical Analysis along with the earnings hunter score and rating on the stock.

Section 2: Earnings Hunter Score and Financial Dashboard

Section 3: Strategic Update and Key Catalysts

Section 4: Price Performance, Technical Summary, and Conclusion

The stock has witnessed a dip of ~5.41% in the last six months, and over the last one year, it has decreased by ~6.04%. The stock has a 52-week low and 52-week high of AUD 1.145 and AUD 1.550, respectively and is currently trading above the 52-week high-low average. AAC was last covered in a report dated ’30 November 2023’.

Notes:

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 11 July 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decision should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. The ‘Earnings Hunter Score’ typically provides an indication on the stance of the stock based on certain earnings-related criteria and the company’s performance versus the historical average and peers’ median.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer-

Disclaimer This report has been issued by Kalkine New Zealand Limited (FSP691351) (NZBN:9429047678101) (“Kalkine”). Kalkine is a Financial Advice Provider (“FAP”) and is authorised by a Class 1 Financial Advice Provider Licence issued by Financial Markets Authority (“FMA”) to provide financial advice. Kalkine provides only general financial advice through its research reports following a person becoming a member. The reports contain buy/sell/hold and other recommendations in relation to equity securities, managed funds and other managed investment schemes and other financial advice products. The recommendations and opinions in this report and on Kalkine website do not take into account any of your investment objectives, financial situation or needs. Before you make a decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement from the product issuer. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. If you act on the advice in the research reports, you may have to pay fees, expenses or other amounts (but not to Kalkine). Further information about the complaints and dispute resolution process, as well as information about Kalkine’s duties are available on Kalkine’s website. Please read our Financial Advice Provider (FAP) disclosure statement and Complaints Handling Guide, which are available on the website.