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.
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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
