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← CockpitCompetitor Analysis › GNC.AX Graincorp Limited Class AOpen in the cockpit ↗

Graincorp Limited Class AGNC.AXCompetitor analysis, valuation and peers

Australia · AUD·Industrials›Miscellaneous Commercial Services

Australian grain handling, storage, export and processing company, plus an edible oils and malt/feed ingredients business.

≈ Australia's smaller, grain-focused Archer-Daniels-MidlandMomentum leader 85
Mkt cap
$1.02B
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$4.40M
20-day average traded
Fwd P/E
46.7×
forward earnings
ROIC−WACC
-5.3 pp
WACC 5.6%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · AUDA$6.80
1D+0.3%
1W+1.5%
1M+0.4%
3M+25.9%
6M+9.3%
YTD-5.3%
1Y-23.0%
ATR %2.4%
52w lowhigh24.4% off high

What Graincorp does

Australian grain handling, storage, export and processing company, plus an edible oils and malt/feed ingredients business.

Earns fees for receiving and storing growers' grain at its network of silos and ports, plus a trading margin on grain it buys and ships to export buyers, so crop size drives volumes. It also crushes oilseeds into oils and meal.

In one line: Australia's smaller, grain-focused Archer-Daniels-Midland.

Products and services

  • Grain storage & handling
  • Grain export/marketing
  • Edible oils/processing
  • Malt (via JV)

Customers

  • Grain growers
  • Domestic and export grain buyers
  • Food/feed manufacturers

Where it sits in the supply chain

  • Agribusiness
  • Grain storage/export
  • Edible oils/processing

What could go right

  • Large east-coast grain harvests
  • Edible oils demand growth

What could go wrong

  • Harvest volume volatility (drought)
  • Global grain price swings

Moat: narrow (installed base, scale, distribution). Its east-coast grain storage/port network is expensive to duplicate and captures local grower volumes.

Headquarters: Sydney, Australia · Founded: 1916

Named competitors

  • Cargill private or unlisted
  • Viterra private or unlisted
  • Bunge Global BG
  • CBH Group private or unlisted

Graincorp at a glance

Size Graincorp (GNC.AX) is an Australia Industrials company (Miscellaneous Commercial Services) with a market value of $1.02B, the 177th largest of 316 Australia companies the cockpit tracks. Shares closed at A$6.80 on 6 Nov 2026.

Performance Over six months the shares gained 9.3%, against -16.4% for the median peer and +4.1% for the Australia market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue fell 1.7% over the last twelve months (peer median +8.1%); the operating margin is 0.2% (peer median 10.5%).

Valuation It trades at 46.7× forward earnings against a peer median of 17.3× (3rd most expensive of 19).

Capital Return on invested capital runs 5.3 points below its cost of capital (5.6% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026GNC.AX 126Peer median 84
Six months, rebased to 100: Graincorp against the median of its 20 peers (local-currency closes).

Graincorp financials

Reported figures in AUD; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueA$7.08BA$7.29BA$6.49BA$8.21BA$7.85B
Revenue growth—+12%-21%+5%—
Gross profitA$174MA$392MA$176MA$781MA$1.18B
EBITDAA$130MA$363MA$162MA$692MA$1.10B
Net income-A$13.6MA$39.9MA$61.8MA$250MA$380M
Free cash flow-A$52.3MA$177MA$76.0MA$509MA$364M
Capital expenditureA$71.7MA$72.4MA$54.7MA$66.3MA$80.8M
Total debtn/aA$834MA$940MA$1.21BA$1.10B

Quarterly statements and history in the cockpit →

Graincorp competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%+10%WLDN301608NROGLO605098RITESSIQ603123BVCASHSSM600861EWGWAVE000561688522603496300938688392GNC.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Graincorp is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×50×100×WLDN301608NROGLO605098BVCASHB2IWAVE688522603496300938688392GNC.AXRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Graincorp is the large dot.

Graincorp competitors and peer comparison

Head to head with its named competitors (GNC.AX vs BG)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Graincorp GNC.AX$1.02B+9%-2%0%46.7×n/a
Bunge Global BG$19.0B-20%+55%4%9.2×n/a

How Graincorp compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Graincorp against its 20 peers (data as of 6 Nov 2026)
MeasureGNC.AXPeer medianRank in peer set
1-month return+0.4%-0.3%11th highest of 21
6-month return+9.3%-16.4%highest of 21
Distance from 52-week high-24.4%-27.9%9th highest of 21
Revenue growth (TTM)-1.7%+8.1%3rd lowest of 21
Operating margin0.2%10.5%3rd lowest of 21
Forward P/E46.7×17.3×3rd most expensive of 19
ROIC minus cost of capital-5.3 pp+1.6 pp4th lowest of 19
Net debt / EBITDA12.4×0.7×most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Graincorp GNC.AXAustralia$1.02B+9%-2%0%46.7×n/an/a
Willdan WLDNUnited States$1.01B-25%+18%7%14.5×15.4%+11.8%
Shenzhen Boshijie Technology 301608.SZChina$1.00B-20%+15%14%20.9×n/an/a
Neurones NRO.PAFrance$1.04B+5%+7%9%17.1×-8.3%+10.3%
GL events GLO.PAFrance$991M-14%+6%10%8.7×3.1%+29.1%
Shanghai Action Education Tehnology 605098.SSChina$991M-10%+15%40%16.3×-3.0%+16.4%
Rites RITES.NSIndia$990M-15%+11%20%19.7×19.8%+5.3%
Smartgroup SIQ.AXAustralia$1.06B+1%+10%37%16.8×-0.5%+8.8%
Beijing Cuiwei Tower 603123.SSChina$1.07B-23%-12%-18%n/an/an/a
BrightView BVUnited States$1.08B-10%+1%4%20.6×n/an/a
Prosegur Cash CASH.MCSpain$1.09B+5%-5%11%9.6×-13.0%+5.7%
B2 Impact B2I.OLNorway$947M+1%+9%48%10.2×-8.3%+3.1%
Service Stream SSM.AXAustralia$943M+7%+1%3%17.6×11.7%+24.0%
FESCO 600861.SSChina$1.11B-18%+4%1%10.4×n/an/a
W.A.G. Payment Solutions EWG.LUnited Kingdom$935M-4%+16%3%17.5×-1.7%+12.2%
Wavestone WAVE.PAFrance$931M-22%+1%12%10.0×-5.3%+18.0%
Shaanxi Fenghuo Electronics 000561.SZChina$929M-24%+8%-26%n/an/an/a
Naruida Technology 688522.SSChina$1.14B-28%+20%14%22.0×n/an/a
Embedway Technologies (Shanghai) 603496.SSChina$910M-37%+4%1%137.0×54.3%+14.5%
EMTEK (Shenzhen) 300938.SZChina$1.16B-44%+11%27%33.1×n/an/a
SBT Ultrasonic Technology 688392.SSChina$1.16B-19%+42%17%52.9×n/an/a

Questions

Who are Graincorp's main competitors?
Named competitors: Cargill (private or unlisted), Viterra (private or unlisted), Bunge Global (BG), CBH Group (private or unlisted). The cockpit's measured peer set (industry) also includes Willdan (WLDN), Shenzhen Boshijie Technology (301608.SZ), Neurones (NRO.PA), GL events (GLO.PA), Shanghai Action Education Tehnology (605098.SS), Rites (RITES.NS).
Is Graincorp expensive compared with its peers?
On forward p/e it trades at 46.7× against a peer median of 17.3×, 3rd most expensive of 19 in its peer set.
How has Graincorp stock performed?
Over six months to 6 Nov 2026 the shares returned +9.3% against -16.4% for the median peer; over one year -23.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.