Following the August 2025 reporting season, we look at key changes to consensus estimates, share price movements and outlook commentary relevant to Ricegrowers Limited, trading as SunRice (ASX:SGLLV). Across our selected peer group there were two notable downgrades (SHV and TWE) and two notable upgrades (CBO and GNC). The RaaS selected peer average has outperformed the ASX200 over the past three months, increasing 11% against +3.3%. CBO, SGLLV and ELD have been the standouts, increasing 60%, 41% and 24% respectively. The major under performer was SHV (-21%). As a result, SGLLV now trades at just a 11% discount to the peer average on a FY26f EV/EBITDA basis. Peer strategies continue to be a blend of product/brand innovation, manufacturing streamlining, existing supply chain leverage and M&A opportunities (with offshore an increasing focus). This is consistent with SGLLV. LSEG consensus estimates have growth for all RaaS selected peers across both FY26 and FY27. At its recent AGM, SGLLV reiterated confidence in delivering growth over FY26, with RaaS estimates calling for 2% EPS growth. While rice prices continue to fall, both SGGLV and key global peer Ebro Foods appear to be managing this well, with lower revenue being offset by improved margins in recent results.
