Pac Partners sets AUD 8.08 target for Bega Cheese stock

Published on 10/13/2026 at 03:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 statutory EBITDA reached AUD 202.3 million, up 22 percent. For Bega Cheese stock, the AGM is set for October 21, 2026.

Key points in brief

Pac Partners rates Bega Cheese Buy and sets an AUD 8.08 price target.
FY2026 statutory EBITDA reached AUD 202.3 million, up 22 percent year over year.
Bega Cheese stock was last at EUR 3.98 at Lang & Schwarz on October 12, 2026.
The next scheduled event is Bega Cheese's annual general meeting on October 21, 2026.

Bega Cheese, AU000000BGA8, Illustration mit AI erstellt.

Pac Partners rates Bega Cheese Buy and sets an AUD 8.08 price target, giving Bega Cheese stock a fresh valuation reference as the company moves toward its annual general meeting. The analyst view is based on projected average earnings per share growth of 13 percent through fiscal year 2031 and a fiscal year 2027 enterprise-value-to-EBITDA multiple of 10.5 times, according to Listcorp.

Three milestones reshape the story

On August 20, 2026, Bega Cheese reported audited fiscal year 2026 results for the year ended June 30, 2026. Statutory earnings before interest, tax, depreciation and amortization reached AUD 202.3 million, up AUD 36.8 million, or 22 percent, from fiscal year 2025, while normalized EBITDA rose 12 percent to AUD 225.6 million, according to Bega Group.

On October 1, 2026, the company paid its final fiscal year 2026 dividend of AUD 0.08 per share after declaring total fiscal year dividends of AUD 0.15 per share. The dividend reinvestment plan was activated for the payment, according to Bega Group.

Also on October 1, 2026, Bega issued 250,601 ordinary shares under the dividend plan. The additional shares modestly expand the equity base while preserving the cash distribution mechanism described in the fiscal year results.

What does the target assume?

Pac Partners links its AUD 8.08 target to a branded-food transition, stronger operating scale and 13 percent average earnings per share growth through fiscal year 2031. The report also points to a 50 percent EBITDA lift by fiscal year 2031, while identifying cost-of-living pressure in Australian sales and fast-growing Southeast Asian dairy processors as challenges.

Bega's own fiscal year 2027 outlook calls for normalized EBITDA of AUD 240.0 million to AUD 245.0 million, compared with AUD 225.6 million in fiscal year 2026. Net debt stood at AUD 151.6 million on June 30, 2026, and the net-debt-to-normalized-EBITDA ratio remained at 0.8 times, according to Bega Group.

AGM date sets the next checkpoint

Bega Cheese's annual general meeting is scheduled for October 21, 2026, according to Simply Wall St. The meeting gives shareholders a dated checkpoint for management's branded-food strategy, fiscal year 2027 EBITDA range and capital allocation.

Bega Cheese stock was last at EUR 3.98 at Lang & Schwarz on October 12, 2026 at 10:59 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bega Cheese stock.