Graincorp Ltd Class A

GNC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$4.80	Ngym	Cpvqvzx

GrainCorp Earnings: Harvests and Profitability Are Set to Normalize in Fiscal 2024

Angus Hewitt

Nov 16, 2023

No-moat GrainCorp's fiscal 2023 result was broadly in line with our forecast, with net profit after tax of AUD 250 million close to our prior forecast. We lift our fair value estimate by 3% to AUD 7.40 per share, principally due to the time value of money.

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