Morningstar halves Nufarm’s fair value estimated on weaker seed tech outlook

Nufarm

28/09/2025 22:13

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

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

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

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

** One of seven analysts rate the stock "buy", 4 as "hold" and 2 as "Strong sell"; their median PT is A$2.75– LSEG data

* Stock down 35.6% YTD as of last close

($1 = 1.5279 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

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