Australia's Nufarm falls after Morningstar halves fair value estimate

Nufarm

29/09/2025 03:59

Updates

** Shares of Nufarm NUF.AX fall as much as 2.2% to A$2.23

** Morningstar slashes fair value estimate for the agricultural firm to A$4 per share, down ~50%, citing weaker omega-3 canola seed tech growth prospects and lower crop protection segment margin expectations

** Co maintains FY26 revenue target of A$4.4 billion-A$4.6 billion ($2.88 billion-$3.01 billion), while Morningstar cuts its forecast to A$4.3 billion from A$4.6 billion

** Morningstar now values Nufarm's seed technologies segment at A$820 million, down 50% from its prior A$1.6 billion assessment

** Brokerage adds longer-term macroeconomic revenue drivers for NUF remain unchanged, including rising global population and quality-of-living increases

** One of seven analysts rates the stock "buy", four as "hold" and two as "strong sell"; their median PT is A$2.75, as per LSEG data

* Stock down 36.2% YTD, as of last close

   ($1 = 1.5279 Australian dollars)

 (Reporting by Kumar Tanishk and Nikita Maria Jino in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))