Daily Market Reports | Mar 08 2024
This story features ADBRI LIMITED, and other companies. For more info SHARE ANALYSIS: ABC
An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.
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COMPANIES DISCUSSED IN THIS ISSUE
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
ABC ALU ANG AWC (2) CCX (2) CDP CMM CNU COE (2) COL (2) CTD DDR (2) EDV EML FLT FWD HLI HLS KGN LYC MAQ MTO (2) NEU NHF NXS NXT QOR RDY RMC SDF (2) SDR (2) STX SUN TPG TYR WDS (2)
ABC ADBRI LIMITED
Building Products & Services – Overnight Price: $3.14
Jarden rates ((ABC)) as Neutral (3) –
The 2023 results from Adbri were broadly in line with expectations. No dividend was declared. In conjunction, the company announced a scheme implementation deed with Irish building material business CRH and Barro Group, its largest shareholder.
The deal is $3.20 cash per Adbri share that is not currently owned by Barro. Jarden believes the proposed takeover has a high probability of success. Target is $3.20 and a Neutral rating is retained.
This report was published on February 27, 2024.
Target price is $3.20 Current Price is $3.14 Difference: $0.06
If ABC meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $3.20, suggesting upside of 1.9%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 17.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.5, implying annual growth of 9.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 20.3.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 19.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.1, implying annual growth of 3.9%.
Current consensus DPS estimate is 5.9, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 19.5.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ALU ALTIUM
Hardware & Equipment – Overnight Price: $65.29
Jarden rates ((ALU)) as Upgrade to Neutral from Underweight (3) –
The first half result from Altium missed Jarden's forecasts with the focus now on the Renesas takeover. Revenue grew 16% and EBITDA 3%.
The company has suspended guidance but the broker notes, in order to achieve the lower end of the prior guidance range, revenue growth in the second half would need to accelerate to 25% and the EBITDA margin expanded to at least 37%.
The broker raises the target to the offer price of $68.50, from $42.00, and upgrades the rating to Neutral from Underweight.
This report was published on February 27, 2024.
Target price is $68.50 Current Price is $65.29 Difference: $3.21
If ALU meets the Jarden target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $66.23, suggesting upside of 1.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 68.40 cents and EPS of 91.90 cents.
At the last closing share price the estimated dividend yield is 1.05%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 71.04.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 98.1, implying annual growth of N/A.
Current consensus DPS estimate is 60.5, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 66.6.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 90.70 cents and EPS of 124.72 cents.
At the last closing share price the estimated dividend yield is 1.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 52.35.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 127.6, implying annual growth of 30.1%.
Current consensus DPS estimate is 67.1, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 51.2.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ANG AUSTIN ENGINEERING LIMITED
Mining Sector Contracting – Overnight Price: $0.45
Petra Capital rates ((ANG)) as Buy (1) –
Austin Engineering's first half results were stronger than expected with Petra Capital noting recent investment in operating efficiencies is now leading to higher levels of customer engagement and, ultimately, profitability.
The broker increases EPS estimates for FY24 and FY25 by 5% and 21%, respectively. The company is considered well-positioned to capitalise on the current operating environment and a Buy rating is reiterated. Target rises to $0.52 from $0.46.
This report was published on February 28, 2024.
Target price is $0.52 Current Price is $0.45 Difference: $0.075
If ANG meets the Petra Capital target it will return approximately 17% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Petra Capital forecasts a full year FY24 dividend of 1.50 cents and EPS of 5.20 cents.
At the last closing share price the estimated dividend yield is 3.37%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.56.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 2.00 cents and EPS of 6.30 cents.
At the last closing share price the estimated dividend yield is 4.49%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.06.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AWC ALUMINA LIMITED
Aluminium, Bauxite & Alumina – Overnight Price: $1.16
Goldman Sachs rates ((AWC)) as Buy (1) –
Goldman Sachs notes the indicative proposal from Alcoa to acquire Alumina Ltd via a scheme of arrangement, with the offer consisting of scrip, 0.02854 of Alcoa common stock for each Alumina Ltd share.
The offer is at a 13.1% premium to the Alumina Ltd share price on February 23, implying a value of $1.15 per share, now (temporarily) the broker's target.
Goldman Sachs observes this follows a challenging 12 months for the AWAC joint venture, with uncertainty surrounding bauxite approval timelines and lower bauxite grades that have affected Western Australian alumina production. Buy rating retained.
This report was published on February 26, 2024.
Target price is $1.15 Current Price is $1.16 Difference: minus $0.01 (current price is over target).
If AWC meets the Goldman Sachs target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.10, suggesting downside of -5.0%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.55 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.5.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 9.42 cents and EPS of 12.62 cents.
At the last closing share price the estimated dividend yield is 8.12%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.5, implying annual growth of -72.2%.
Current consensus DPS estimate is 5.1, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 77.3.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Goldman Sachs rates ((AWC)) as Buy (1) –
The 2023 results from Alumina Ltd were weaker than Goldman Sachs expected. Guidance for 2024 is broadly in line, amid expectations of production of 9.4mt and shipments of 12.4-12.7mt, implying third-party shipments will be required.
Goldman Sachs adjusts 2024 EPS estimates down by -7% and 2025 up by 4%. Buy retained. Target is now $1.36.
This report was published on February 27, 2024.
Target price is $1.36 Current Price is $1.16 Difference: $0.2
If AWC meets the Goldman Sachs target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $1.10, suggesting downside of -5.0%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.55 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.5.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 9.42 cents and EPS of 12.62 cents.
At the last closing share price the estimated dividend yield is 8.12%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.5, implying annual growth of -72.2%.
Current consensus DPS estimate is 5.1, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 77.3.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CCX CITY CHIC COLLECTIVE LIMITED
Apparel & Footwear – Overnight Price: $0.43
Jarden rates ((CCX)) as Neutral (3) –
Whilst disappointed in the weak trading update from City Chic Collective, Jarden notes momentum in gross margins continued into the first eight weeks of 2024, and this highlights potential upside if the company is able to stabilise the decline in sales now that inventory is more aligned with target customer preferences.
The broker reduces FY24 EBITDA forecast by -13% but this is offset by a forecast increase of 28% for FY25. Neutral retained. Target edges up to $0.51 from $0.50.
This report was published on February 28, 2024.
Target price is $0.51 Current Price is $0.43 Difference: $0.08
If CCX meets the Jarden target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $0.59, suggesting upside of 36.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 9.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 4.48.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -7.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 3.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 12.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.3, implying annual growth of N/A.
Current consensus DPS estimate is 0.2, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 18.7.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Petra Capital rates ((CCX)) as Buy (1) –
City Chic Collective had pre-released the first half result so the focus was on the trading in the second half to date. The first eight weeks of revenue proved below Petra Capital's expectations.
Continued challenges in the online channel overshadowed an improved performance in Australasian stores. The broker considers the latter is key, demonstrating continued strong sell-through of new ranges and, hence, brand integrity.
With the largest seasonal months ahead, the company expects to trade profitably. The broker retains a Buy rating with a $0.60 target.
This report was published on February 28, 2024.
Target price is $0.60 Current Price is $0.43 Difference: $0.17
If CCX meets the Petra Capital target it will return approximately 40% (excluding dividends, fees and charges).
Current consensus price target is $0.59, suggesting upside of 36.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Petra Capital forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 9.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 4.43.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -7.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 107.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.3, implying annual growth of N/A.
Current consensus DPS estimate is 0.2, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 18.7.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CDP CARINDALE PROPERTY TRUST
REITs – Overnight Price: $4.29
Moelis rates ((CDP)) as Buy (1) –
Carindale Property Trust delivered a first half result that was slightly stronger than Moelis expected.
Gearing decreased marginally to 30.5% and a payout ratio of 75% will mean gearing goes below 30% even as the company funds its -$10m capital expenditure contribution to upgrade the food court.
The broker considers the result demonstrates the quality and resilience of the asset, and the stock is a stand-out investment given its deep discount to net tangible assets. Gearing is expected to continue trending lower. Buy rating retained. Target is $6.22.
This report was published on February 28, 2024.
Target price is $6.22 Current Price is $4.29 Difference: $1.93
If CDP meets the Moelis target it will return approximately 45% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 27.10 cents and EPS of 34.00 cents.
At the last closing share price the estimated dividend yield is 6.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.62.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 27.90 cents and EPS of 33.50 cents.
At the last closing share price the estimated dividend yield is 6.50%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.81.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CMM CAPRICORN METALS LIMITED
Gold & Silver – Overnight Price: $5.21
Goldman Sachs rates ((CMM)) as Neutral (3) –
Capricorn Metals delivered underlying EBITDA in the first half that was ahead of Goldman Sachs' estimates. The company has ended the first half with a net cash position at $106m.
Guidance for Karlawinda is unchanged and a strong operating performance is expected to continue in the second half with gold production guidance for FY24 of 115-125,000 ounces.
Goldman Sachs retains a Neutral rating and raises the target to $4.65 from $4.60.
This report was published on February 28, 2024.
Target price is $4.65 Current Price is $5.21 Difference: minus $0.56 (current price is over target).
If CMM meets the Goldman Sachs target it will return approximately minus 11% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 34.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.32.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 23.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.65.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CNU CHORUS LIMITED
Telecommunication – Overnight Price: $7.48
Jarden rates ((CNU)) as Underweight (4) –
Jarden found the first half results from Chorus solid and expects the company will comfortably hit the top end of the EBITDA guidance range of $680-700m in FY24.
The broker believes withdrawal of the $200m capital expenditure allocation for fibre extension from its RP2 submission is "sensible", given the cost of passing withdrawn premises and risk of competition.
Jarden retains an Underweight rating because of a large gap to fundamental value and raises the target to NZ$7.56 from NZ$7.47.
This report was published on February 27, 2024.
Current Price is $7.48. Target price not assessed.
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 44.04 cents and EPS of 2.23 cents.
At the last closing share price the estimated dividend yield is 5.89%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 336.18.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 48.68 cents and EPS of 4.27 cents.
At the last closing share price the estimated dividend yield is 6.51%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 175.38.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
COE COOPER ENERGY LIMITED
Crude Oil – Overnight Price: $0.15
Canaccord Genuity rates ((COE)) as Speculative Buy (1) –
Cooper Energy's interim result was a modest beat to Canaccord Genuity's forecasts. This was attributed to improved cost control in a result the broker finds particularly impressive given the current inflationary environment.
The company has determined a third absorbed will not be required, given improved performance, which the broker sees as an incremental positive. Canaccord Genuity has been encouraged by improved Orbost performance.
The Speculative Buy rating and target price of 22 cents are retained.
This report was published on February 28, 2024.
Target price is $0.22 Current Price is $0.15 Difference: $0.07
If COE meets the Canaccord Genuity target it will return approximately 47% (excluding dividends, fees and charges).
Current consensus price target is $0.22, suggesting upside of 46.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 6.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 50.0.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 4.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 3.26.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.2, implying annual growth of 300.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((COE)) as Upgrade to Overweight from Neutral (2) –
First half underlying earnings were ahead of estimates and Cooper Energy is seen making progress on its cost reduction program while Orbost is performing well.
The main risk, in Jarden's view, is a successful execution of the BMG abandonment within the targeted budget and by early May.
There are signs of a sustained performance at Orbost, as average production rates since the start of 2024 are 55.2 TJ/d compared with the 47.4 TJ/d average in the first half.
The broker upgrades to Overweight from Neutral and raises the target to $0.19 from $0.15.
This report was published on February 27, 2024.
Target price is $0.19 Current Price is $0.15 Difference: $0.04
If COE meets the Jarden target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $0.22, suggesting upside of 46.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 150.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 50.0.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 75.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.2, implying annual growth of 300.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
COL COLES GROUP LIMITED
Food, Beverages & Tobacco – Overnight Price: $16.55
Goldman Sachs rates ((COL)) as Sell (5) –
First half results from Coles Group were better than Goldman Sachs expected. The broker forecasts food sales growth in the second half at 6.8%.
From FY25 and beyond, Goldman Sachs believes the scaling of Coles360 and continued shift into e-commerce – with slightly higher profit margins versus in-store – should drive gross profit margin to 27.1% in FY26. Sell retained. Target is $15.10.
This report was published on February 27, 2024.
Target price is $15.10 Current Price is $16.55 Difference: minus $1.45 (current price is over target).
If COL meets the Goldman Sachs target it will return approximately minus 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $17.34, suggesting upside of 4.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 64.00 cents and EPS of 79.00 cents.
At the last closing share price the estimated dividend yield is 3.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.95.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.0, implying annual growth of -5.6%.
Current consensus DPS estimate is 66.2, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 20.9.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 59.00 cents and EPS of 74.00 cents.
At the last closing share price the estimated dividend yield is 3.56%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.36.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 84.6, implying annual growth of 7.1%.
Current consensus DPS estimate is 70.7, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 19.6.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((COL)) as Neutral (3) –
First half net profit from Coles Group was ahead of estimates with Jarden noting the quality was good as costs were well controlled.
The theft issue is now in hand and the broker believes this is particularly positive, considering the retailer has also improved in-stock positions, online share and value perception.
Net profit estimates for FY24 are lifted by 5% while a Neutral rating is retained, with the stock now trading at its tightest PE value relative to Woolworths ((WOW)) since the demerger.
The main negative was liquor, with share being ceded to Endeavour Group ((EDV)) and Aldi. Target is lifted to $16.90 from $15.90.
This report was published on February 27, 2024.
Target price is $16.90 Current Price is $16.55 Difference: $0.35
If COL meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $17.34, suggesting upside of 4.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 65.00 cents and EPS of 81.50 cents.
At the last closing share price the estimated dividend yield is 3.93%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.0, implying annual growth of -5.6%.
Current consensus DPS estimate is 66.2, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 20.9.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 69.00 cents and EPS of 85.90 cents.
At the last closing share price the estimated dividend yield is 4.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 84.6, implying annual growth of 7.1%.
Current consensus DPS estimate is 70.7, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 19.6.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CTD CORPORATE TRAVEL MANAGEMENT LIMITED
Travel, Leisure & Tourism – Overnight Price: $16.65
Goldman Sachs rates ((CTD)) as Neutral (3) –
First half results were in line with Goldman Sachs. Corporate Travel Management now believes the post-pandemic market recovery has played out and a key bridging contract underperformed expectations.
FY24 EBITDA guidance has been downgraded to $210-230m, down -15% at the mid point. The company expects FY25 should deliver 10% earnings growth before returning to 15% in future years, while remaining confident its FY29 plans are intact.
Goldman Sachs lowers estimates for FY24-26 sales and EBITDA by -6-9% and -13-21%, respectively. Neutral retained. Target is $17.80.
This report was published on February 26, 2024.
Target price is $17.80 Current Price is $16.65 Difference: $1.15
If CTD meets the Goldman Sachs target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $18.92, suggesting upside of 13.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 51.00 cents and EPS of 81.00 cents.
At the last closing share price the estimated dividend yield is 3.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 85.9, implying annual growth of 61.9%.
Current consensus DPS estimate is 38.2, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 19.4.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 63.00 cents and EPS of 91.00 cents.
At the last closing share price the estimated dividend yield is 3.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 103.8, implying annual growth of 20.8%.
Current consensus DPS estimate is 50.0, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 16.0.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
DDR DICKER DATA LIMITED
Hardware & Equipment – Overnight Price: $10.80
Jarden rates ((DDR)) as Overweight (2) –
Dicker Data's net profit in 2023 of $82.1m beat estimates. Jarden observes the second half of 2023 has set the company up, as despite rising interest rates and deteriorating business confidence, earnings growth was delivered.
The broker assesses quality is evident amid structural growth in IT expenditure. The start to 2024 may be challenging, but the broker reiterates an Overweight rating.Target is raised to $12.61 from $12.31.
This report was published on February 28, 2024.
Target price is $12.61 Current Price is $10.80 Difference: $1.81
If DDR meets the Jarden target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $12.80, suggesting upside of 18.5%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 33.38 cents and EPS of 51.80 cents.
At the last closing share price the estimated dividend yield is 3.09%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.85.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 50.5, implying annual growth of 10.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.4.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 36.58 cents and EPS of 58.70 cents.
At the last closing share price the estimated dividend yield is 3.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.40.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 56.5, implying annual growth of 11.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 19.1.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Petra Capital rates ((DDR)) as Hold (3) –
Dicker Data produced only modest growth in revenue in 2023 yet Petra Capital notes it still managed net profit growth of 12%. This was on the back of a robust operating performance, expected to persist into the first half ahead of a more pronounced recovery in PC sales.
Australia remains a key segment and best performer yet the broker notes New Zealand responded to recent restructuring, with segment net profit jumping 90%.
The broker also suspects its 2024 pre-tax profit margin estimate of 5.6% could prove conservative. Hold rating reiterated. Target is $11.29.
This report was published on February 28, 2024.
Target price is $11.29 Current Price is $10.80 Difference: $0.49
If DDR meets the Petra Capital target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $12.80, suggesting upside of 18.5%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Petra Capital forecasts a full year FY24 dividend of 54.00 cents and EPS of 54.00 cents.
At the last closing share price the estimated dividend yield is 5.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 50.5, implying annual growth of 10.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.4.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 63.50 cents and EPS of 63.60 cents.
At the last closing share price the estimated dividend yield is 5.88%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.98.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 56.5, implying annual growth of 11.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 19.1.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EDV ENDEAVOUR GROUP LIMITED
Food, Beverages & Tobacco – Overnight Price: $5.25
Goldman Sachs rates ((EDV)) as Buy (1) –
First half results from Endeavour Group were largely in line. Goldman Sachs notes the stock traded down on the back of the weakness in the first seven weeks of the second half, yet points out the second half will include an extra week and, on its assessment, the run rate is largely in line with expectations.
The results are also showing evidence of turnaround with the margin improvement in hotels encouraging. Buy rating retained. Target is reduced to $6.20 from $6.40.
This report was published on February 26, 2024.
Target price is $6.20 Current Price is $5.25 Difference: $0.95
If EDV meets the Goldman Sachs target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $5.74, suggesting upside of 9.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 22.00 cents and EPS of 29.00 cents.
At the last closing share price the estimated dividend yield is 4.19%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.5, implying annual growth of -3.5%.
Current consensus DPS estimate is 20.9, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 18.4.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 22.00 cents and EPS of 30.00 cents.
At the last closing share price the estimated dividend yield is 4.19%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 29.5, implying annual growth of 3.5%.
Current consensus DPS estimate is 21.5, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 17.8.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EML EML PAYMENTS LIMITED
Business & Consumer Credit – Overnight Price: $1.00
Wilsons rates ((EML)) as Overweight (1) –
The first half results from EML Payments were below forecasts. The company has reiterated underlying EBITDA guidance of $52-58m for FY24, implying growth of 40-56%. Wilsons retains a forecast of $57.5m.
With the PCSIL now removed, the focus can return to completing key goals, the broker asserts, including the potential sale of Sentenial, cost optimisation and the rebuilding of the "go-to-market strategy".
Overweight rating and $1.17 are under review.
This report was published on February 28, 2024.
Target price is $1.17 Current Price is $1.00 Difference: $0.17
If EML meets the Wilsons target it will return approximately 17% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.52.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 7.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.89.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
FLT FLIGHT CENTRE TRAVEL GROUP LIMITED
Travel, Leisure & Tourism – Overnight Price: $21.08
Wilsons rates ((FLT)) as Overweight (1) –
First half results from Flight Centre Travel impressed Wilsons with the progress on margin improvement.
The company has signalled it is a "2% PBT margin business" and the broker notes this is a more tangible prospect amid incremental revenue and operating efficiency initiatives.
The broker forecasts FY25 pre-tax profit of $462m, implying a 1.8% margin. Overweight retained. Target is raised to $26.53 from $23.80.
This report was published on February 29, 2024.
Target price is $26.53 Current Price is $21.08 Difference: $5.45
If FLT meets the Wilsons target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $24.51, suggesting upside of 16.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 27.00 cents and EPS of 102.30 cents.
At the last closing share price the estimated dividend yield is 1.28%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 95.7, implying annual growth of 313.7%.
Current consensus DPS estimate is 27.2, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 22.0.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 37.30 cents and EPS of 149.30 cents.
At the last closing share price the estimated dividend yield is 1.77%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.12.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 135.4, implying annual growth of 41.5%.
Current consensus DPS estimate is 42.5, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 15.6.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
FWD FLEETWOOD LIMITED
Infra & Property Developers – Overnight Price: $1.74
Moelis rates ((FWD)) as Buy (1) –
First half results from Fleetwood were in line, with Moelis noting profitable building solutions and a partial offset from softer recreational vehicles.
The community solutions division EBIT was $4.7m, up 83%, amid demand from major client shutdown work. Moelis continues to envisage upside potential from Searipple. Buy rating retained. Target is $2.31, revised down from $2.40.
This report was published on February 28, 2024.
Target price is $2.31 Current Price is $1.74 Difference: $0.57
If FWD meets the Moelis target it will return approximately 33% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 6.30 cents and EPS of 7.90 cents.
At the last closing share price the estimated dividend yield is 3.62%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.03.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 22.70 cents and EPS of 22.70 cents.
At the last closing share price the estimated dividend yield is 13.05%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.67.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
HLI HELIA GROUP LIMITED
Insurance – Overnight Price: $3.67
Goldman Sachs rates ((HLI)) as Downgrade to Neutral from Buy (3) –
The 2023 results from Helia Group were below expectations. The capital position was strong but also weaker than Goldman Sachs expected.
The board has announced a distribution of $0.15 along with a special of $0.30. Subsequent to the dividend and the remaining $44m buyback, management expects PCA coverage of 1.67x, still exceeding the board's range of 1.4-1.6x.
Goldman Sachs downgrades to Neutral from Buy largely on valuation as the stock is now trading on a record price-to-book multiple of 1.2x. Target is $4.47, raised from $4.09.
This report was published on February 27, 2024.
Target price is $4.47 Current Price is $3.67 Difference: $0.8
If HLI meets the Goldman Sachs target it will return approximately 22% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 30.00 cents and EPS of 52.00 cents.
At the last closing share price the estimated dividend yield is 8.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.06.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 30.00 cents and EPS of 54.00 cents.
At the last closing share price the estimated dividend yield is 8.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.80.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
HLS HEALIUS LIMITED
Healthcare services – Overnight Price: $1.31
Jarden rates ((HLS)) as Underweight (4) –
Healius has revealed weak pathology EBIT margins in its first half result which Jarden suspects highlights the risk to FY24 EBIT guidance of $70-80m.
The broker points out the company is relying on pathology to do the "heavy lifting" in order to achieve the "massive skew to the second half".
Risks around another downgrade have increased and this places more pressure on the balance sheet with the capital raising now starting to look inadequate to Jarden.
Management is conducting an asset review which could potentially mean a plan B in the event guidance is missed again, the broker adds. Jarden retains an Underweight rating and lowers the target to $1.26 from $1.29.
This report was published on February 28, 2024.
Target price is $1.26 Current Price is $1.31 Difference: minus $0.05 (current price is over target).
If HLS meets the Jarden target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.55, suggesting upside of 18.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 1.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 93.57.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -0.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 1.10 cents and EPS of 3.60 cents.
At the last closing share price the estimated dividend yield is 0.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.0, implying annual growth of N/A.
Current consensus DPS estimate is 2.6, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 26.2.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
KGN KOGAN.COM LIMITED
Retailing – Overnight Price: $8.20
Jarden rates ((KGN)) as Upgrade to Neutral from Underweight (3) –
Despite concerns regarding the threat of Amazon and Temu in the longer term, Jarden upgrades Kogan.com to Neutral from Underweight. The company is currently managing the business for cash/profit with the increased profitability largely stemming from Kogan First members.
The broker does not believe the stock represents value on a PE of 46x FY24 estimates but expects ongoing growth in Kogan First subscriber numbers will lead to an upgrade cycle.
To become more positive regarding the sustainability of the company's business, Jarden would like stabilisation in the overall number of active members and evidence of sustained stability in customer acquisition costs. Target is raised to $7.50 from $4.90.
This report was published on February 27, 2024.
Target price is $7.50 Current Price is $8.20 Difference: minus $0.7 (current price is over target).
If KGN meets the Jarden target it will return approximately minus 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $7.73, suggesting downside of -5.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 16.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 49.40.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.2, implying annual growth of N/A.
Current consensus DPS estimate is 12.0, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 50.6.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 19.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 42.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.8, implying annual growth of 121.0%.
Current consensus DPS estimate is 24.2, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 22.9.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
LYC LYNAS RARE EARTHS LIMITED
Rare Earth Minerals – Overnight Price: $6.08
Goldman Sachs rates ((LYC)) as Buy (1) –
First half results from Lynas Rare Earths were ahead of estimates because of lower-than-expected costs. Goldman Sachs observes a doubling of NdPr production to 9000tpa by the end of 2024 remains on track with no slowdown witnessed despite a weak market pricing environment during the ramp up.
The company expects Chinese demand to be a little softer than previously but is not concerned this is the trend for the medium term. Mount Weld is progressing, with stage I construction of the dewatering processing capacity to be completed by the end of the year.
After adjusting for the first half result, Goldman Sachs raises EPS estimates by 63% for FY24 and by 1% for FY25. Buy rating retained. Target is $7.40, up 3%.
This report was published on February 26, 2024.
Target price is $7.40 Current Price is $6.08 Difference: $1.32
If LYC meets the Goldman Sachs target it will return approximately 22% (excluding dividends, fees and charges).
Current consensus price target is $7.35, suggesting upside of 20.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 12.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 50.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 10.5, implying annual growth of -69.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 57.9.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 19.00 cents and EPS of 36.00 cents.
At the last closing share price the estimated dividend yield is 3.13%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.89.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.9, implying annual growth of 203.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 19.1.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MAQ MACQUARIE TECHNOLOGY GROUP LIMITED
Telecommunication – Overnight Price: $81.46
Wilsons rates ((MAQ)) as Overweight (1) –
Macquarie Technologies' first half results were in line with expectations. Wilsons makes no material revisions to forecasts as guidance was already in line. The company expects FY24 EBITDA of $108-111m.
Wilsons reduces the target to $81.65 from $84.13 predominantly because of increased share count and the rolling forward of multiples to FY25.
As a catalyst, the broker is looking for any update on IC3 Super West with respect to funding costs, construction partner and indicative demand. Overweight.
This report was published on February 29, 2024.
Target price is $81.65 Current Price is $81.46 Difference: $0.19
If MAQ meets the Wilsons target it will return approximately 0% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 149.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 54.42.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 120.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 67.83.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MTO MOTORCYCLE HOLDINGS LIMITED
Automobiles & Components – Overnight Price: $1.53
Moelis rates ((MTO)) as Buy (1) –
Motorcycle Holdings posted a first half result that was at the lower end of guidance provided in December. Net profit was $6.6m, down -42% and gross profit margins were reduced to 25.9%. The fully franked interim dividend of three cents was below estimates.
The company has indicated it will focus on execution in order to stem the impact of difficult market conditions. Some improvement in the second half is expected, while the acquisition of Harley Davidson Sydney will contribute from March.
Moelis downgrades FY24-26 EPS estimates by -15-28% to reflect subdued demand and inflationary cost pressures. Buy rating retained, as with the stock currently trading on 9.8x FY24 PE it represents near trough earnings. Target is reduced to $1.97.
This report was published on February 28, 2024.
Target price is $1.97 Current Price is $1.53 Difference: $0.44
If MTO meets the Moelis target it will return approximately 29% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 7.80 cents and EPS of 16.90 cents.
At the last closing share price the estimated dividend yield is 5.10%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.05.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 7.90 cents and EPS of 16.80 cents.
At the last closing share price the estimated dividend yield is 5.16%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.11.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((MTO)) as Market Weight (3) –
Motorcycle Holdings confirmed first half results were in line with the recent guidance downgrade, which disappointed Wilsons. The earnings decline reflected a sharp contraction in demand late in the half.
The broker observes management is executing well and there is evidence of market share and effective cost control. Caution prevails because of the relatively high discretionary nature of the demand and the volatility in trading.
Despite the share price being "fundamentally cheap", Wilsons retains a Market Weight rating. Target is reduced to $1.59 from $1.93.
This report was published on February 29, 2024.
Target price is $1.59 Current Price is $1.53 Difference: $0.06
If MTO meets the Wilsons target it will return approximately 4% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 9.00 cents and EPS of 19.00 cents.
At the last closing share price the estimated dividend yield is 5.88%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.05.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 11.00 cents and EPS of 23.90 cents.
At the last closing share price the estimated dividend yield is 7.19%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.40.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NEU NEUREN PHARMACEUTICALS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $19.46
Wilsons rates ((NEU)) as Overweight (1) –
Wilsons welcomes the "upside surprise" for fourth quarter Daybue sales and the FY24 guidance from Acadia. The broker assesses underpinning the valuation of Neuren Pharmaceuticals and material future earnings growth is NNZ-2591, and Daybue is a way to fund the product's development.
The broker asks investors to look at the "big picture opportunity", given Daybue is an impressive drug, already run rating at more than US$300m a year and filling a critical unmet need. Overweight retained. Target is reduced to $26.58 from $27.23.
This report was published on February 29, 2024.
Target price is $26.58 Current Price is $19.46 Difference: $7.12
If NEU meets the Wilsons target it will return approximately 37% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 50.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 38.38.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 33.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 57.74.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NHF NIB HOLDINGS LIMITED
Insurance – Overnight Price: $7.75
Goldman Sachs rates ((NHF)) as Buy (1) –
Goldman Sachs found the first half results from nib Holdings strong at the headline although the quality disappointed. Weakness in the non-core business units was in evidence while the result was boosted by reserve movements.
The broker awaits the outcome of the health insurance premium rate approval process to assess the implications. Earnings estimates are downgraded post the result and a Buy rating is maintained with the target lowered to $8.10 from $8.50.
This report was published on February 27, 2024.
Target price is $8.10 Current Price is $7.75 Difference: $0.35
If NHF meets the Goldman Sachs target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $8.07, suggesting upside of 4.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 31.00 cents and EPS of 42.00 cents.
At the last closing share price the estimated dividend yield is 4.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 46.5, implying annual growth of 12.3%.
Current consensus DPS estimate is 31.4, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 16.7.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 30.00 cents and EPS of 44.00 cents.
At the last closing share price the estimated dividend yield is 3.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 48.4, implying annual growth of 4.1%.
Current consensus DPS estimate is 32.1, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 16.0.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NXS NEXT SCIENCE LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $0.37
Wilsons rates ((NXS)) as Market Weight (3) –
Next Science delivered revenue in 2023 that was ahead of estimates. Wilsons was pleased with the growth in DME sales in the fourth quarter, with this being the first full year's contribution from that business.
This coincided with expanded GPO access for Xperience with revenue up 48% after a long period of weakness. The broker now finds the path to profitability much easier to envisage yet, as a funding gap needs to be addressed, a Market Weight rating is retained. Target is raised to $0.34 from $0.33.
This report was published on February 29, 2024.
Target price is $0.34 Current Price is $0.37 Difference: minus $0.03 (current price is over target).
If NXS meets the Wilsons target it will return approximately minus 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in December.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 4.25 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.70.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 3.19 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 11.60.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NXT NEXTDC LIMITED
Cloud services – Overnight Price: $17.37
Wilsons rates ((NXT)) as Overweight (1) –
Wilsons found the first half result from NextDC robust and ahead of estimates. The company has indicated there is a large non-linear growth trajectory in demand for its assets, citing a potential customer contract that could account for all of S4 capacity.
While the upbeat commentary is not new, Wilsons believes the ongoing step change in growth at Nvidia is giving real credence to these forecasts. The company has promised to update the market soon regarding S4.
The broker warns any material contract win would be multi-year and any scalable EBITDA contribution years away. Overweight retained. Target rises to $20.07 from $15.19.
This report was published on February 29, 2024.
Target price is $20.07 Current Price is $17.37 Difference: $2.7
If NXT meets the Wilsons target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $18.77, suggesting upside of 8.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 12.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 136.77.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -9.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 22.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 76.52.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -17.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
QOR QORIA LIMITED
Software & Services – Overnight Price: $0.24
Wilsons rates ((QOR)) as Overweight (1) –
Wilsons is anticipating FY24 could prove a pivotal year for Qoria, expecting investment and consolidation throughout the year will see the company deliver robust sales pipeline conversion in the fourth quarter.
The broker points out the pipeline stood at $20m in late January, and the company continues to add $0.5m to it weekly. Alongside the annualised benefits of a -$3m data hosting saving and -$4m on staff costs, Wilsons expects finances to be considerably more appealing.
The Overweight rating and target price of 37 cents are retained.
This report was published on February 28, 2024.
Target price is $0.37 Current Price is $0.24 Difference: $0.13
If QOR meets the Wilsons target it will return approximately 54% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 2.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.28.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 12.63.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RDY READYTECH HOLDINGS LIMITED
Software & Services – Overnight Price: $3.34
Jarden rates ((RDY)) as Overweight (2) –
ReadyTech Holdings delivered operating earnings (EBITDA) of $17.4m, slightly ahead of Jarden's estimates. The company has signalled the enterprise pipeline is robust but some opportunities are likely to slip into FY25.
This stems from extended deal cycles related largely to funding.
The broker is comfortable the company is making headway despite the haphazard progress. Overweight rating reiterated. Target is reduced to $3.50 from $3.59.
This report was published on February 28, 2024.
Target price is $3.50 Current Price is $3.34 Difference: $0.16
If RDY meets the Jarden target it will return approximately 5% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 EPS of 14.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.57.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 17.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.31.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RMC RESIMAC GROUP LIMITED
Banks – Overnight Price: $0.93
Jarden rates ((RMC)) as Upgrade to Neutral from Underweight (3) –
The first half result from Resimac Group was weaker than Jarden expected as volume recovery was more than offset by eroding margins. The mortgage spread was worse than expected and margins are expected to reduce further.
No material earnings growth is anticipated until FY25. As the share price is down -19% recently, the broker upgrades to Neutral from Underweight with the target edging down to $1.02 from $1.03.
The broker reduces FY24 estimates for EPS by -20% mainly because of non-cash fair value losses.
This report was published on February 27, 2024.
Target price is $1.02 Current Price is $0.93 Difference: $0.09
If RMC meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $1.13, suggesting upside of 21.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 7.00 cents and EPS of 11.00 cents.
At the last closing share price the estimated dividend yield is 7.53%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.0, implying annual growth of -33.4%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 6.9%.
Current consensus EPS estimate suggests the PER is 8.5.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 7.00 cents and EPS of 14.00 cents.
At the last closing share price the estimated dividend yield is 7.53%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.64.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.7, implying annual growth of 24.5%.
Current consensus DPS estimate is 7.0, implying a prospective dividend yield of 7.5%.
Current consensus EPS estimate suggests the PER is 6.8.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SDF STEADFAST GROUP LIMITED
Insurance – Overnight Price: $5.78
Goldman Sachs rates ((SDF)) as Neutral (3) –
First half results from Steadfast Group were largely in line with estimates and guidance has been reaffirmed. While organic growth trends and margin in broking remained stable, the broker notes some moderation in agency stemming from greater investment.
The US and international expansion strategy remains a focus for investors with the broker noting discussions are ongoing. Target increases to $6.00 from $5.90 and a Neutral rating is retained.
This report was published on February 27, 2024.
Target price is $6.00 Current Price is $5.78 Difference: $0.22
If SDF meets the Goldman Sachs target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $6.38, suggesting upside of 10.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 17.00 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 2.94%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.4, implying annual growth of 43.0%.
Current consensus DPS estimate is 17.1, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 21.9.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 19.00 cents and EPS of 25.00 cents.
At the last closing share price the estimated dividend yield is 3.29%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.12.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.2, implying annual growth of 6.8%.
Current consensus DPS estimate is 18.4, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 20.5.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((SDF)) as Downgrade to Neutral from Overweight (3) –
Steadfast Group has retained FY24 profit guidance following a slightly softer-than-expected first half result. Jarden was surprised by the rapid deceleration in organic gross written premium growth in agencies, which combined with elevated costs growth has damaged margins.
Some recovery is expected along with incremental support from acquisitions but the mixed trends add to the broker's growing concerns about the sustainability of the strong commercial premium rate cycle.
Rating is downgraded to Neutral from Overweight and the target lowered to $6.10 from $6.25.
This report was published on February 27, 2024.
Target price is $6.10 Current Price is $5.78 Difference: $0.32
If SDF meets the Jarden target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $6.38, suggesting upside of 10.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 18.20 cents and EPS of 27.30 cents.
At the last closing share price the estimated dividend yield is 3.15%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.4, implying annual growth of 43.0%.
Current consensus DPS estimate is 17.1, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 21.9.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 20.00 cents and EPS of 29.20 cents.
At the last closing share price the estimated dividend yield is 3.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.79.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.2, implying annual growth of 6.8%.
Current consensus DPS estimate is 18.4, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 20.5.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SDR SITEMINDER LIMITED
Travel, Leisure & Tourism – Overnight Price: $5.60
Goldman Sachs rates ((SDR)) as Neutral (3) –
First half results from SiteMinder revealed a narrowing of EBITDA losses that implied a "solid" contribution in the second quarter, Goldman Sachs observes, and the business appears positioned to deliver on a positive EBITDA/free cash flow outlook in the second half.
New product launches are seen driving the long-term value. Goldman Sachs retains a Neutral rating with the target raised 7% to $5.50.
This report was published on February 27, 2024.
Target price is $5.50 Current Price is $5.60 Difference: minus $0.1 (current price is over target).
If SDR meets the Goldman Sachs target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.18, suggesting upside of 10.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 8.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 70.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -8.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 280.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -1.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((SDR)) as Market Weight (3) –
There were limited surprises for Wilsons in SiteMinder's first half results, with metrics largely pre-announced. The company reported gross profit of $69.1m and an earnings loss of -$1.2m, but closed out the period with $41m in net cash and reiterated second half targets.
Wilsons notes the medium term targets continued to aim for around 30% revenue growth, underpinned by growing confidence in Channels Plus.
With the market already factoring in a lift in transactional revenue, Wilsons believes a strong start from Channels Plus will be necessary to meet expectations.
The Market Weight rating is retained and the target price increases to $5.40 from $5.34.
This report was published on February 28, 2024.
Target price is $5.40 Current Price is $5.60 Difference: minus $0.2 (current price is over target).
If SDR meets the Wilsons target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.18, suggesting upside of 10.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 8.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 68.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -8.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 311.11.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -1.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
STX STRIKE ENERGY LIMITED
NatGas – Overnight Price: $0.21
Wilsons rates ((STX)) as Overweight (1) –
First half results from Strike Energy did not provide any significant surprises for Wilsons. The broker is pleased the company has openly acknowledged the setback at South Erregulla, noting a subtle change in rhetoric around future drilling expectations.
Flow tests are disappointing at South Erregulla and the development, in the broker's opinion, is still under review. Overweight and $0.34 target maintained.
This report was published on February 28, 2024.
Target price is $0.34 Current Price is $0.21 Difference: $0.125
If STX meets the Wilsons target it will return approximately 58% (excluding dividends, fees and charges).
Current consensus price target is $0.28, suggesting upside of 28.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 43.0.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.32.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.4, implying annual growth of 180.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 15.4.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SUN SUNCORP GROUP LIMITED
Insurance – Overnight Price: $15.35
Goldman Sachs rates ((SUN)) as Buy (1) –
First half earnings from Suncorp Group were largely in line with expectations. Goldman Sachs still includes the bank in forecasts as the proposed sale to ANZ Bank ((ANZ)) is yet to be completed.
Strong trends were observed in the general insurance business with gross written premium guidance at the "low-mid teens" for FY24, upgraded from 10%.
Rate increases continue to be strong alongside moderating inflation, with the broker noting the business is starting to benefit from earned rate at or above claims inflation. Buy rating retained and the target is raised to $16.25 from $15.00.
This report was published on February 27, 2024.
Target price is $16.25 Current Price is $15.35 Difference: $0.9
If SUN meets the Goldman Sachs target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $16.31, suggesting upside of 6.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 77.00 cents and EPS of 106.00 cents.
At the last closing share price the estimated dividend yield is 5.02%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.48.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 105.2, implying annual growth of 15.7%.
Current consensus DPS estimate is 73.6, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 14.6.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 82.00 cents and EPS of 114.00 cents.
At the last closing share price the estimated dividend yield is 5.34%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.46.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 107.9, implying annual growth of 2.6%.
Current consensus DPS estimate is 88.6, implying a prospective dividend yield of 5.8%.
Current consensus EPS estimate suggests the PER is 14.2.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TPG TPG TELECOM LIMITED
Telecommunication – Overnight Price: $4.61
Goldman Sachs rates ((TPG)) as Neutral (3) –
2023 results were marginally softer than Goldman Sachs expected. TPG Telecom's mobile service revenue was stronger than expected, driven by postpaid ARPU growth, which the broker expects to continue into 2024, albeit slowing down to 5.5% because of lower roaming tailwinds and competition.
Goldman Sachs found EBITDA guidance for 2024 weak, yet acknowledges the company is committed to enhancing its low-cost competitive advantage. 2024-26 EBITDA estimates are revised down by -3-5%. Target is lowered to $5.40 from $5.80. Neutral maintained.
This report was published on February 27, 2024.
Target price is $5.40 Current Price is $4.61 Difference: $0.79
If TPG meets the Goldman Sachs target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $5.31, suggesting upside of 15.2%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 18.00 cents and EPS of 9.00 cents.
At the last closing share price the estimated dividend yield is 3.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 51.22.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.0, implying annual growth of 506.1%.
Current consensus DPS estimate is 19.3, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 28.8.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 18.00 cents and EPS of 9.00 cents.
At the last closing share price the estimated dividend yield is 3.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 51.22.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.0, implying annual growth of 12.5%.
Current consensus DPS estimate is 18.3, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 25.6.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TYR TYRO PAYMENTS LIMITED
Business & Consumer Credit – Overnight Price: $1.16
Wilsons rates ((TYR)) as Upgrade to Overweight from Market Weight (1) –
As 1H results for Tyro Payments were better than Wilsons forecast, the broker's rating is upgraded to Overweight from Market Weight and the target increased to $1.30 from $1.08.
Despite some near-term total transaction value (TTV) pressures, the broker highlights ongoing improvements in pricing, and a turnaround in profitability in Bendigo Powered by Tyro, a payments solution with Bendigo & Adelaide Bank ((BEN)).
The analysts also note strong cost controls during the half and the benefits of higher interest income.
Management raised FY24 earnings (EBITDA) guidance by 4% to $54-$58m to reflect cost-out benefits and a better gross profit outcome.
FY24 guidance for TTV was reduced by -6% due to both competitive pressures and underlying consumer spending reductions on TTV
churn, explains Wilsons.
This report was published on February 28, 2024.
Target price is $1.30 Current Price is $1.16 Difference: $0.14
If TYR meets the Wilsons target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $1.54, suggesting upside of 32.5%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 3.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 33.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.5, implying annual growth of 115.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 46.4.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 3.2, implying annual growth of 28.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 36.3.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WDS WOODSIDE ENERGY GROUP LIMITED
NatGas – Overnight Price: $29.71
Goldman Sachs rates ((WDS)) as Neutral (3) –
Woodside Energy posted 2023 earnings that were ahead of estimates, driven by lower production costs and D&A over the year. The final US$0.60 dividend was also well ahead of Goldman Sachs. Production and capital expenditure guidance for 2024 are unchanged.
The broker considers the ramp up of Sangomar one of the key uncertainties during the year while Scarborough continues to expect first cargo in 2026.
Estimates for 2024 EBITDA are revised up by 3%. Goldman Sachs considers the valuation relatively full and retains a Neutral rating. Target is reduced to $31.30 from $32.40.
This report was published on February 28, 2024.
Target price is $31.30 Current Price is $29.71 Difference: $1.59
If WDS meets the Goldman Sachs target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $33.70, suggesting upside of 13.4%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 118.49 cents and EPS of 147.35 cents.
At the last closing share price the estimated dividend yield is 3.99%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 193.6, implying annual growth of N/A.
Current consensus DPS estimate is 151.3, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 15.3.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 104.82 cents and EPS of 130.64 cents.
At the last closing share price the estimated dividend yield is 3.53%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.74.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 166.9, implying annual growth of -13.8%.
Current consensus DPS estimate is 126.1, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 17.8.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((WDS)) as Upgrade to Neutral from Underweight (3) –
Woodside Energy's 2023 results were ahead of estimates, including the final dividend, with an 80% payout ratio retained. Jarden envisages upside risk from a possible early start at Sangomar, while anticipating lower spot LNG prices will drag down net profit in 2024.
Sangomar was 93% complete at the end of 2023 with the FPSO now moored on location and connected to subsea equipment. Rating is upgraded to Neutral from Underweight and the target edges up to $29.00 from $28.75.
This report was published on February 28, 2024.
Target price is $29.00 Current Price is $29.71 Difference: minus $0.71 (current price is over target).
If WDS meets the Jarden target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $33.70, suggesting upside of 13.4%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 171.65 cents and EPS of 215.71 cents.
At the last closing share price the estimated dividend yield is 5.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.77.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 193.6, implying annual growth of N/A.
Current consensus DPS estimate is 151.3, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 15.3.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 185.33 cents and EPS of 233.48 cents.
At the last closing share price the estimated dividend yield is 6.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.72.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 166.9, implying annual growth of -13.8%.
Current consensus DPS estimate is 126.1, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 17.8.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
Decisions about inclusions in this Report are made independently of the providers of stock market research and at full discretion of the team of journalists responsible for content at FNArena. Inclusion does not equal endorsement, in any way, shape or form. This Report is provided for informational purposes only.
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For more info SHARE ANALYSIS: TYR - TYRO PAYMENTS LIMITED
For more info SHARE ANALYSIS: WDS - WOODSIDE ENERGY GROUP LIMITED
For more info SHARE ANALYSIS: WOW - WOOLWORTHS GROUP LIMITED