Daily Market Reports | Nov 04 2022
This story features AUSSIE BROADBAND LIMITED, and other companies. For more info SHARE ANALYSIS: ABB
An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
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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)
ABB AD8 AGY AND BC8 BRB (2) CDA (2) COL (2) CSS EBR ELO (2) EXP GSS ILU IMD KGN (2) LRS LYC MAD (2) MGR (2) MIN (2) MPL MZZ OZL (2) PBH (3) PLT RRL RWC TAH TSI (3) WSP WTC XPN
ABB AUSSIE BROADBAND LIMITED
Telecommunication – Overnight Price: $2.52
JP Morgan rates ((ABB)) as Overweight (1) –
Aussie Broadband provided the September quarter trading update at the AGM which showed a notable -61% miss on white label subscriber numbers which the company attributed to issues with Origin's platform, according to JP Morgan.
The broker considers Origin has miscalculated the level of competition in the NBN reseller market.
JP Morgan adjusts white label subscriber forecasts for 2030 to 200,000 from 300,000 and updates future estimates post the update.
Accordingly, EPS forecasts are lowered by -8% for FY23 and -13% for FY24.
An Overweight rating is maintained and the target is adjusted to $4.40 from $5.25.
This report was published on October 23, 2022.
Target price is $4.40 Current Price is $2.52 Difference: $1.88
If ABB meets the JP Morgan target it will return approximately 75% (excluding dividends, fees and charges).
Current consensus price target is $3.14, suggesting upside of 24.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 0.00 cents and EPS of 9.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.3, implying annual growth of 372.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 22.3.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 0.00 cents and EPS of 17.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.82.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.3, implying annual growth of 44.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 15.5.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AD8 AUDINATE GROUP LIMITED
Hardware & Equipment – Overnight Price: $8.20
Canaccord Genuity rates ((AD8)) as Buy (1) –
Audinate Group's September-quarter result sharply outpaced consensus and Canaccord Genuity's forecasts and management provided positive AGM commentary, citing a record backlog of sales orders.
The broker observes the company is targeting a compound annual growth rate for revenue of 25% to 35% between FY23 and FY25, sharply increasing the scale and relevance of the business.
But supply-chain uncertainty continues, suggesting growth will be skewed to the second half.
The broker observes strong operating leverage, an increase in video momentum, and a shift in the supply mix to products with more widely available chips.
Buy rating retained, the broker believing the company to be at an inflexion point. Target price rises to $11 from $10.
This report was published on October 26, 2022.
Target price is $11.00 Current Price is $8.20 Difference: $2.8
If AD8 meets the Canaccord Genuity target it will return approximately 34% (excluding dividends, fees and charges).
Current consensus price target is $10.40, suggesting upside of 31.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of 5.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 160.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -2.9, 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 FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 6.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 130.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.2, 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 187.9.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AGY ARGOSY MINERALS LIMITED
New Battery Elements – Overnight Price: $0.51
Canaccord Genuity rates ((AGY)) as Initiation of coverage with a Speculative Buy (1) –
Canaccord Genuity initiates coverage of Argosy Minerals with a Speculative Buy rating and target of 85c. The company is in the advanced stages of commissioning Stage 2 of its 77.5%-owned Rincon Lithium project in Argentina.
Production is expected this year from what Canaccord Genuity describes as a relatively small resource compared to peers.
Product should achieve prices approximating spot, as no offtake agreements have been made to cover production, points out the broker. Nameplate production is expected by the end of 2023.
Stage 3 will see the company attain 90% ownership and add an incremental 10kpta of production, explains the analyst.
This report was published on October 24, 2022.
Target price is $0.85 Current Price is $0.51 Difference: $0.34
If AGY meets the Canaccord Genuity target it will return approximately 67% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 0.00 cents and EPS of 2.49 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.48.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of 1.42 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 35.92.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AND ANSARADA GROUP LIMITED
Software & Services – Overnight Price: $1.41
Canaccord Genuity rates ((AND)) as Buy (1) –
Revenue for Ansarada Group's 1Q was broadly in line with the forecasts of Canaccord Genuity and consensus and is on track to meet the former's 1H estimate.
In line with a broader M&A sector-wide slowdown, the company's deferred pipeline, while solid, implies to the analyst a modest slowing in revenue growth momentum. Management expects ongoing deal softness from subdued capital market activity.
The broker moderates its revenue and earnings forecasts and lowers its target to $2.00 from $2.50. The Buy rating is retained, and importantly, the current M&A lull is not considered a structural shift.
This report was published on October 28, 2022.
Target price is $2.00 Current Price is $1.41 Difference: $0.59
If AND meets the Canaccord Genuity target it will return approximately 42% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 3.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 42.73.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 1.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 108.46.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BC8 BLACK CAT SYNDICATE LIMITED
Gold & Silver – Overnight Price: $0.28
Shaw and Partners rates ((BC8)) as Initiation of coverage with Buy (1) –
Shaw and Partners has initiated coverage of gold developer Black Cat Syndicate with a Buy rating and 77c target price.
The company has three projects in West Australia – Coyote, Paulsens and Kal East – "and a clear pathway to 150kozpa of gold production", says the broker.
Black Cat Syndicate bought the projects from Northern Star in June for $44.5m cash and scrip – historical mines placed on care and maintenance due to lower gold prices.
Coyote and Paulsens are considered the most exciting by the broker given low exploration of both sites.
The broker says Kal East is ready to go but given high costs, is waiting for conditions to improve. The broker expects first production could be as early as 2023.
This report was published on October 26, 2022.
Target price is $0.77 Current Price is $0.28 Difference: $0.49
If BC8 meets the Shaw and Partners target it will return approximately 175% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of 3.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.78.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of 3.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.03.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BRB BREAKER RESOURCES NL
Mining – Overnight Price: $0.28
Bell Potter rates ((BRB)) as Speculative Buy (1) –
Breaker Resources will receive $60m in cash on November 15 for the sale of the remaining 20% holding in the Manna lithium deposit, leaving the company with cash of $82m and no debt, according to Bell Potter.
The broker views the announcement as positive and will provide Breaker Resources with sufficient capital to fund a further 12-months drilling and development at the Lake Roe site as a gold exploration company.
A Speculative Buy rating is maintained; the target is raised to $0.62 from $0.56.
This report was published on October 27, 2022.
Target price is $0.62 Current Price is $0.28 Difference: $0.345
If BRB meets the Bell Potter target it will return approximately 125% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Canaccord Genuity rates ((BRB)) as Speculative Buy (1) –
Breaker Resources divested its 20% stake in the Manna lithium project to Global Lithium Resources ((GL1)) for $60m.
This leaves Global Lithium Resources as the sole owner of the project, but Breaker Resources retains the precious metal rights and a 1.5% net smelter return.
The Lake Roe gold project remains Breaker Resources' primary asset according to Canaccord Genuity, and the broker expects its now stronger cash position will allow Breaker to advance the project or invest in new opportunities.
The broker finds the current stock price reflects compelling value. The Speculative Buy rating and target price of $0.30 are retained.
This report was published on October 27, 2022.
Target price is $0.30 Current Price is $0.28 Difference: $0.025
If BRB meets the Canaccord Genuity target it will return approximately 9% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CDA CODAN LIMITED
Hardware & Equipment – Overnight Price: $4.01
Canaccord Genuity rates ((CDA)) as Downgrade to Hold from Buy (3) –
Following commentary from Codan at its annual general suggesting a significant deterioration of Metal Detection sales into Africa, Canaccord Genuity sees more uncertainty around future sales in the region.
Codan's first half net profit guidance of $25-30m suggests a -40-50% decline on the previous comparable period, and is a sizeable miss to Canaccord Genuity's expected $48m. The broker lowered its forecast -45% accordingly.
The rating is downgraded to Hold from Buy and the target price decreases to $4.45 from $10.05.
This report was published on October 27, 2022.
Target price is $4.45 Current Price is $4.01 Difference: $0.44
If CDA meets the Canaccord Genuity target it will return approximately 11% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 17.00 cents and EPS of 33.00 cents.
At the last closing share price the estimated dividend yield is 4.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.15.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 19.00 cents and EPS of 39.00 cents.
At the last closing share price the estimated dividend yield is 4.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.28.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Moelis rates ((CDA)) as Buy (1) –
The target set by Moelis for Codan has fallen to $4.94 from $10.20 after 1H profit guidance was reduced to $25-30m, versus the broker's $47m forecast. Buy rating retained.
African metal sales remain "materially disrupted" according to management as Sudan's military coup has rendered gold mining regions off-limits to artisinal miners.
Metal Detection guidance is thought to imply a sales drop of -$60m compared to the previous corresponding period. Moelis attributes -$6m of this balance to Russia and the balance to Africa across not only Sudan but also other African countries.
The dealers with excess inventory (due to lost Sudanese sales) are re-diverting stock into other African regions, according to the broker, and not re-stocking as per usual seasonal patterns.
This report was published on October 27, 2022.
Target price is $4.94 Current Price is $4.01 Difference: $0.93
If CDA meets the Moelis target it will return approximately 23% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 17.00 cents and EPS of 33.00 cents.
At the last closing share price the estimated dividend yield is 4.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.15.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 20.00 cents and EPS of 38.00 cents.
At the last closing share price the estimated dividend yield is 4.99%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.55.
Market Sentiment: 0.0
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: $16.14
Goldman Sachs rates ((COL)) as Sell (5) –
Goldman Sachs considers the 1Q23 sales for Coles Group of $9,891m met expectations, with supermarkets in line and liquor lower than expected.
Looking ahead, the company pointed to strengthening sales, volumes and transactions in the 1Q23 and into 2Q23 with the help of value campaigns.
However, margins are expected to remain under pressure from cost inflation with supplier price rises and the continuing flood effects.
A Sell rating and a $15 target price are retained.
This report was published on October 27, 2022.
Target price is $15.00 Current Price is $16.14 Difference: minus $1.14 (current price is over target).
If COL meets the Goldman Sachs target it will return approximately minus 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $17.95, suggesting upside of 12.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 62.20 cents and EPS of 77.00 cents.
At the last closing share price the estimated dividend yield is 3.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.9, implying annual growth of 1.4%.
Current consensus DPS estimate is 66.4, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 20.1.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 62.60 cents and EPS of 77.00 cents.
At the last closing share price the estimated dividend yield is 3.88%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.0, implying annual growth of 3.9%.
Current consensus DPS estimate is 68.3, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 19.3.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((COL)) as Neutral (3) –
Coles Group's September-quarter sales met consensus but missed Jarden's forecast, as higher labour, construction and fuel costs took the shine off rising revenue.
The broker reports supermarkets momentum improved but believes the company still lost market share and own-brand growth was weaker than expected, as was liquor.
On both fronts, the broker appears to feel the company was robbed, considering the own-brand to represent good value and given the company grew market share in the latter.
EPS forecasts fall -1% from FY23 onwards. On the upside, the broker expects Coles will continue to build market share over the next year.
Neutral rating retained. Target price falls to $15.90 from $17.50.
This report was published on October 27, 2022.
Target price is $15.90 Current Price is $16.14 Difference: minus $0.24 (current price is over target).
If COL meets the Jarden target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $17.95, suggesting upside of 12.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 65.00 cents and EPS of 80.60 cents.
At the last closing share price the estimated dividend yield is 4.03%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.02.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.9, implying annual growth of 1.4%.
Current consensus DPS estimate is 66.4, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 20.1.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 66.00 cents and EPS of 82.50 cents.
At the last closing share price the estimated dividend yield is 4.09%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.0, implying annual growth of 3.9%.
Current consensus DPS estimate is 68.3, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 19.3.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CSS CLEAN SEAS SEAFOOD LIMITED
Aquaculture – Overnight Price: $0.57
Bell Potter rates ((CSS)) as Speculative Buy (1) –
Clean Seas Seafood reported Q1 revenue of $16.1m, in line with Bell Potter's expectations.
The result was achieved on the back of firm pricing and in spite of a -31% fall in volumes on the previous year, which were boosted by frozen inventory sales.
Bell Potter makes no changes to the FY23 and FY24 earnings forecasts. Speculative Buy rating and 85c target are retained.
This report was published on October 25, 2022.
Target price is $0.85 Current Price is $0.57 Difference: $0.28
If CSS meets the Bell Potter target it will return approximately 49% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of 1.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 38.00.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.50.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EBR EBR SYSTEMS INC
Medical Equipment & Devices – Overnight Price: $0.47
Bell Potter rates ((EBR)) as Buy (1) –
Water moisture infiltration in the insulator component of the EBR Systems's transmitters resulted in increased battery depletion rates with up to 127 of the total 145 devices implanted potentially impacted, according to Bell Potter.
Some 75 patients are potentially impacted in the trial. The company confirmed the preliminary results will be available in the 1H23.
US$30m in funding from Runway Capital relies on the expected positive results from the Solve June 2023 study and June 2024 FDA approval
A Speculative Buy rating is maintained. The target is lowered to 70c from 90c due to the delay in commercialisation, higher R&D costs and a higher WACC from increased risk.
This report was published on October 25, 2022.
Target price is $0.70 Current Price is $0.47 Difference: $0.225
If EBR meets the Bell Potter target it will return approximately 47% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY22:
Bell Potter forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 13.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 3.49.
Forecast for FY23:
Bell Potter forecasts a full year FY23 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 3.74.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ELO ELMO SOFTWARE LIMITED
Jobs & Skilled Labour Services – Overnight Price: $4.65
Jarden rates ((ELO)) as Overweight (2) –
Elmo Software has agreed to K1 Investment Management's $4.85 a share bid, to be completed by February 2023, subject to regulatory and shareholder approvals.
The major shareholders of the company have announced they intend to vote in favour of the bid and the board says that, after weighing the company's prospectivity against execution risk, it considers the deal to be attractive.
Jarden notes CEO Danny Lessem holds an 11% stake and will be rolling over 70% of his shares into the K1 vehicle for a 7.7% stake as opposed to receiving cash, and will not have voting rights should a better bid arise.
Jarden doubts another bid will be forthcoming, but doesn't rule it out. Rating downgraded to Neutral from Overweight. Target price falls to $4.85 from $5.19.
This report was published on October 27, 2022.
Target price is $4.85 Current Price is $4.65 Difference: $0.2
If ELO meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 18.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 25.00.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 8.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 54.07.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Shaw and Partners rates ((ELO)) as Downgrade to Hold from Buy (3) –
Elmo Software has agreed to K1 Investment Management's bid for 100% of the company at $4.85 a share, subject to Foreign Investment Review Board approval.
Major shareholders representing 34.4% of the register are voting in favour and the board recommends all shareholders vote in favour.
The board said it had weighed future prospects against macroeconomic and execution risk and decided the offer was attractive.
Rating downgraded to Hold from Buy. Target price falls to the bid price of $4.85 from $6.80.
This report was published on October 27, 2022.
Target price is $4.85 Current Price is $4.65 Difference: $0.2
If ELO meets the Shaw and Partners target it will return approximately 4% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 34.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 13.64.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 19.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 23.72.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EXP EXPERIENCE CO LIMITED
Travel, Leisure & Tourism – Overnight Price: $0.24
Canaccord Genuity rates ((EXP)) as Buy (1) –
Experience Co reported a strong start to the year, which suggest potential upside to Canaccord Genuity's near-term forecasts.
While weather impacted first quarter performance, the broker found revenue of $23.6m a good result given its forecast for $42.4m over the first half.
Momentum appears to be building into seasonal peaks, while ongoing inbound tourism recovery should benefit second half performance.
The Buy rating and target price of $0.29 are retained.
This report was published on October 27, 2022.
Target price is $0.29 Current Price is $0.24 Difference: $0.05
If EXP meets the Canaccord Genuity target it will return approximately 21% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of 0.00 cents.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 1.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.00.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
GSS GENETIC SIGNATURES LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $0.76
Bell Potter rates ((GSS)) as Speculative Hold (3) –
Bell Potter lowers its target for Genetic Signatures to 90c from $1.20. This comes after an increase in the broker's weighted average cost of capital (WACC) to 12.3% from 10.8% on higher interest rates and after applying a lower multiple to FY23 forecast revenue.
Despite these valuation negatives, the broker notes 1Q results revealed a strong cash position of $32.4m as at 30 September 2022, while revenues rose by 16% quarter-on-quarter. The Speculative Hold rating is unchanged.
Recruitment was completed during the 1Q for the pivotal FDA trial with 510(k) submission targeted in the December quarter, explains Bell Potter. The outcome of the trial and regulatory clearance and reimbursement is expected to be a key growth catalyst.
This report was published on October 28, 2022.
Target price is $0.90 Current Price is $0.76 Difference: $0.14
If GSS meets the Bell Potter target it will return approximately 18% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 5.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 14.62.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 4.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 15.51.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ILU ILUKA RESOURCES LIMITED
Mineral Sands – Overnight Price: $8.80
Shaw and Partners rates ((ILU)) as Buy (1) –
Shaw and Partners observes Iluka Resources is moving to secure feedstock to supply its fledgling rare earths business, signing a deal with Northern Minerals ((NTU)) for rare earths concentrate from the latter's Northern's Browns Range project.
Iluka Resources will make an initial investment of -$20m in Northern Minerals via a $15m convertible note and $5m share placement, to help fund the range project (no government directives involved).
Eneabba, Wimmera and Balranad and Wimmera mineral sands deposits containe Monasite and the company's rare-earths business is part funded by the Australian government through a $1.25bn loan.
The broker retains a Buy rating. Target price falls to $12 from $14 to reflect growing challenges to the mineral sands business (at this point, the broker appreciates Iluka's cash buffer).
This report was published on October 27, 2022.
Target price is $12.00 Current Price is $8.80 Difference: $3.2
If ILU meets the Shaw and Partners target it will return approximately 36% (excluding dividends, fees and charges).
Current consensus price target is $10.77, suggesting upside of 22.6%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 51.00 cents and EPS of 105.70 cents.
At the last closing share price the estimated dividend yield is 5.80%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 121.2, implying annual growth of 40.2%.
Current consensus DPS estimate is 39.4, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 7.2.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 49.00 cents and EPS of 111.10 cents.
At the last closing share price the estimated dividend yield is 5.57%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 97.8, implying annual growth of -19.3%.
Current consensus DPS estimate is 29.4, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 9.0.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IMD IMDEX LIMITED
Mining Sector Contracting – Overnight Price: $2.16
Jarden rates ((IMD)) as Buy (1) –
Jarden reports that S&P Global Market Intelligence upgrades 2023 global exploration spending forecasts from 2022, but this is still -10% to -20% below FY21 forecasts.
Producers are forecast to be resilient, but juniors are expected to struggle, as green commodities expenditure offsets a decline in gold prospecting.
The broker believes this will have a small impact on mining services company Imdex and lowers EPS forecasts -1% for FY23; -4% for FY24; and -2% for FY25.
Jarden expects major and intermediate miners already in production are likely to absorb excess rig capacity, cushioning the company.
Buy rating retained. Target price eases to $2.40 from $2.42.
This report was published on October 27, 2022.
Target price is $2.40 Current Price is $2.16 Difference: $0.24
If IMD meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 4.00 cents and EPS of 12.70 cents.
At the last closing share price the estimated dividend yield is 1.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.01.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 4.40 cents and EPS of 13.50 cents.
At the last closing share price the estimated dividend yield is 2.04%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.00.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
KGN KOGAN.COM LIMITED
Retailing – Overnight Price: $3.37
Canaccord Genuity rates ((KGN)) as Hold (3) –
Kogan.com reported a year-on-year gross sales decline of -39% in the first quarter and gross profit decline of -40%, with the company cycling lockdown comps. The result was worse than Canaccord Genuity had anticipated, but generated a positive share price reaction.
The broker likes that Kogan continues to reduce overheads and marketing spend and lower inventories, suggesting it is "right-sizing" for a softer consumer demand.
Canaccord Genuity assumes negligible earnings profitability in the first half, but a reversion to historic margins in the second half.
The Hold rating is retained and the target price decreases to $4.00 from $4.50.
This report was published on October 27, 2022.
Target price is $4.00 Current Price is $3.37 Difference: $0.63
If KGN meets the Canaccord Genuity target it will return approximately 19% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 2.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 124.81.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 2.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 134.80.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((KGN)) as Underweight (4) –
Kogan.com's September-quarter sales sharply missed consensus and Jarden's forecasts as the company destocks, a process management expects to be finalised by early 2023.
Jarden believes Kogan's sales will struggle as disposable income falls and notes web traffic halved in the three weeks to October 19.
The broker believes the clearing of inventory may be aimed at derisking the business heading into Christmas. The company is also cutting costs.
While Jarden believes this all stands to reason, it says the market will need to see an end to cannibalisation of gross profits before regaining faith.
Underweight rating retained. Target price falls to $3.38 from $4.02.
This report was published on October 27, 2022.
Target price is $3.38 Current Price is $3.37 Difference: $0.01
If KGN meets the Jarden target it will return approximately 0% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 2.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 134.80.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 1.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 224.67.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
LRS LATIN RESOURCES LIMITED
Mining – Overnight Price: $0.10
Bell Potter rates ((LRS)) as Initiation of coverage with Speculative Buy (1) –
Bell Potter initiates coverage of Latin Resources with a Speculative Buy and an 18c target price.
As at the end of June, Latin Resources had $34m cash on the balance to fund the ongoing development at Salinas (hard rock lithium in Brazil) with a potential JORC Mineral Resource Estimate up to 15Mt by the end of 2022.
A Preliminary Economic Assessment (PEA) is expected in March 2023 with ongoing drilling and test works.
Bell Potter forecasts the deposit could provide an operation of more than 200ktpa spodumene concentrate.
This report was published on October 27, 2022.
Target price is $0.18 Current Price is $0.10 Difference: $0.075
If LRS meets the Bell Potter target it will return approximately 71% (excluding dividends, fees and charges).
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: $8.55
JP Morgan rates ((LYC)) as Initiation of coverage with Neutral (3) –
JP Morgan initiates coverage of Lynas Rare Earths with a Neutral rating and an $8.30 target price.
The broker considers the company offers "strategic appeal" in the rare earths market ex-China with the macro tailwinds for demand as well as an alternative battery metals exposure in the electrification thematic.
However, the company will lose the Malaysian Tax Holiday post 2026, which alongside the expected decline in price assumptions will have a deleterious impact on earnings.
JP Morgan did highlight the sensitivity of the stock's valuation to changes in the NdPr Oxide price; with every US$10/kg rise in the LdPr Oxide price, the valuation rises by $1.75 per share. The current long term price assumption for NdPr Oxide is US$90/kg.
This report was published on October 26, 2022.
Target price is $8.30 Current Price is $8.55 Difference: minus $0.25 (current price is over target).
If LYC meets the JP Morgan target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $8.13, suggesting downside of -5.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 0.00 cents and EPS of 52.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.44.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 45.3, implying annual growth of -24.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.9.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 0.00 cents and EPS of 67.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.76.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 70.9, implying annual growth of 56.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.1.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MAD MADER GROUP LIMITED
Mining Sector Contracting – Overnight Price: $3.60
Bell Potter rates ((MAD)) as Buy (1) –
Mader Group's September-quarter result sharply outpaced Bell Potter's estimates, thanks to strong international and domestic performances; and management upgraded guidance.
The broker believes the company's sharp recruitment tactics and large capital expenditure in FY22 position it well for further growth.
Buy rating retained. Target price rises to $3.85 from $3.65.
This report was published on October 26, 2022.
Target price is $3.85 Current Price is $3.60 Difference: $0.25
If MAD meets the Bell Potter target it will return approximately 7% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 7.82 cents and EPS of 26.45 cents.
At the last closing share price the estimated dividend yield is 2.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.61.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 7.60 cents and EPS of 21.50 cents.
At the last closing share price the estimated dividend yield is 2.11%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.74.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Shaw and Partners rates ((MAD)) as Buy (1) –
Mader Group's September-quarter revenue and earnings beat Shaw and Partners's forecasts and management upgraded guidance, all thanks to strong performances from both the domestic and international businesses.
This was despite investments. Net debt was in line and cash outpaced.
The broker says the company has found vehicles easier to source in the quarter and Mader Group has been keeping its powder dry.
Shaw and Partners observes the company has M&A optionality and a 2% share of the largest market in the world, and expects the company will continue compounding longer term. EPS forecasts rise 8%; 7%; and 9% across FY23-25.
Buy rating retained. Target price rises to $4.09 from $3.70.
This report was published on October 26, 2022.
Target price is $4.09 Current Price is $3.60 Difference: $0.49
If MAD meets the Shaw and Partners target it will return approximately 14% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 4.90 cents and EPS of 17.80 cents.
At the last closing share price the estimated dividend yield is 1.36%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.22.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 6.30 cents and EPS of 21.10 cents.
At the last closing share price the estimated dividend yield is 1.75%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.06.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MGR MIRVAC GROUP
Infra & Property Developers – Overnight Price: $2.03
Goldman Sachs rates ((MGR)) as Neutral (3) –
Mirvac Group continues to expect a 2H23 skew to residential sales and expect to reach FY23 guidance of 2500 units, in spite of the company reporting a slowdown in the residential sales (354 lots versus 551 in the prior period in 2022), noted Goldman Sachs.
In contrast, the commercial operations continue to perform well with total portfolio occupancy rising slightly to 97.6% from 97.3% in FY22 and cash collection of 95%.
Goldman Sachs' earnings forecasts are adjusted by around -1% for FY23 and FY24 and FY23 EPS of 16c is slightly higher than managements' EPS guidance of 15.5c.
A Neutral rating is maintained and the target is revised to $2.43 from $2.44.
This report was published on October 27, 2022.
Target price is $2.43 Current Price is $2.03 Difference: $0.4
If MGR meets the Goldman Sachs target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $2.42, suggesting upside of 18.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 EPS of 16.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.0, implying annual growth of -34.8%.
Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 13.6.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 EPS of 16.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.6, implying annual growth of -2.7%.
Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 14.0.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((MGR)) as Underweight (4) –
Mirvac Group's September-quarter update appears to have fallen shy of Jarden's forecasts, but management reiterated earnings and dividend guidance.
The broker notes rising interest rates and falling house prices are weighing on the sale of new residential dwellings and, while the company appears to represent value (trading at -30% to net tangible assets), not to mention poor weather, the uncertainty surrounding the market is considered unattractive.
Underweight rating retained. Target price eases to $2.15 from $2.25.
This report was published on October 27, 2022.
Target price is $2.15 Current Price is $2.03 Difference: $0.12
If MGR meets the Jarden target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $2.42, suggesting upside of 18.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 10.50 cents and EPS of 15.50 cents.
At the last closing share price the estimated dividend yield is 5.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.0, implying annual growth of -34.8%.
Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 13.6.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 10.90 cents and EPS of 14.90 cents.
At the last closing share price the estimated dividend yield is 5.37%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.6, implying annual growth of -2.7%.
Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 14.0.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MIN MINERAL RESOURCES LIMITED
Iron Ore – Overnight Price: $70.21
Bell Potter rates ((MIN)) as Buy (1) –
Mineral Resources reported 1Q23 results with management maintaining FY23 guidance, highlights Bell Potter.
The broker assesses Wodgina SC shipments were marginally better than forecast, Wodgina production was also ahead of estimates; expansion at Mt Marion resulted in lower than expected sales and mining services were better than forecast.
Mineral Resources continues to consider strategic options to maximise value for shareholders which Bell Potter considers is the lithium business.
Bell Potter adjusts forecasts for changes in commodity prices and the exchange rate as well as modeled production to include conversion of spodumene concentrate to lithium hydroxide.
The FY23 EPS forecast rises 27% and FY24 EPS forecast by 27%.
A Buy rating is retained and the target is raised to $100 from $80 after adjusting to the changed forecasts and potential re-rating of the company's value.
This report was published on October 26, 2022.
Target price is $100.00 Current Price is $70.21 Difference: $29.79
If MIN meets the Bell Potter target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $84.24, suggesting upside of 14.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 396.20 cents and EPS of 792.40 cents.
At the last closing share price the estimated dividend yield is 5.64%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1074.8, implying annual growth of 481.4%.
Current consensus DPS estimate is 474.7, implying a prospective dividend yield of 6.5%.
Current consensus EPS estimate suggests the PER is 6.8.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 302.20 cents and EPS of 1208.80 cents.
At the last closing share price the estimated dividend yield is 4.30%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.81.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1127.0, implying annual growth of 4.9%.
Current consensus DPS estimate is 515.7, implying a prospective dividend yield of 7.0%.
Current consensus EPS estimate suggests the PER is 6.5.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Goldman Sachs rates ((MIN)) as Buy (1) –
According to Goldman Sachs, Mineral Resources 1Q23 results were weaker than expected resulting from lower lithium and iron ore shipments and with Mt Marion's plant closed due to expansion works.
The broker noted Wodgina reported strong results, with the quarterly 64kt concentrate production, 23% ahead of forecasts and 6% better than consensus.
Goldman Sachs adjusts FY23 EPS by -6% for lower than anticipated shipments from iron ore and lithium.
The broker upgrades FY24 EPS by 42% post the inclusion of Mt Marion hydroxide toll volumes for another 5-year period as well as an increase in production from spodumene trains 1 and 2, to 920ktpa from 750ktpa.
The target is raised to $80 from $76.10 and the Buy rating is maintained.
This report was published on October 27, 2022.
Target price is $80.00 Current Price is $70.21 Difference: $9.79
If MIN meets the Goldman Sachs target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $84.24, suggesting upside of 14.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 211.00 cents and EPS of 637.00 cents.
At the last closing share price the estimated dividend yield is 3.01%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.02.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1074.8, implying annual growth of 481.4%.
Current consensus DPS estimate is 474.7, implying a prospective dividend yield of 6.5%.
Current consensus EPS estimate suggests the PER is 6.8.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 165.00 cents and EPS of 412.00 cents.
At the last closing share price the estimated dividend yield is 2.35%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.04.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1127.0, implying annual growth of 4.9%.
Current consensus DPS estimate is 515.7, implying a prospective dividend yield of 7.0%.
Current consensus EPS estimate suggests the PER is 6.5.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MPL MEDIBANK PRIVATE LIMITED
Insurance – Overnight Price: $2.90
Jarden rates ((MPL)) as Overweight (2) –
Medibank Private's -18% share price slump in response to its widely published cyber attack implies strong customer attrition of roughly -5% to -10%, says Jarden.
While the broker expects more moderate attrition is likely, that, combined with higher forecast technology costs results in a -5% cut to Jarden's EPS forecasts in outer years.
On the upside, the company's debt-free balance sheet should provide confidence around any one-off costs that might arise, says the broker.
Given the company is now trading at a discount to its historical average price earnings, the broker maintains an Overweight rating. Target price falls to $3.18 from $3.40.
This report was published on October 27, 2022.
Target price is $3.18 Current Price is $2.90 Difference: $0.28
If MPL meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $3.24, suggesting upside of 13.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 15.00 cents and EPS of 17.70 cents.
At the last closing share price the estimated dividend yield is 5.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.2, implying annual growth of 13.3%.
Current consensus DPS estimate is 14.3, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 17.7.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 15.90 cents and EPS of 18.60 cents.
At the last closing share price the estimated dividend yield is 5.48%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.59.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.3, implying annual growth of -5.6%.
Current consensus DPS estimate is 15.1, implying a prospective dividend yield of 5.3%.
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
MZZ MATADOR MINING LIMITED
Gold & Silver – Overnight Price: $0.09
Shaw and Partners rates ((MZZ)) as Buy (1) –
B2Gold has bought a 9.9% stake in Matador Mining, buying 31m shares at 11.62c per share, and a five-year option to raise its holding to 19.9%.
B2Gold has also been granted first right of refusal on future capital raisings.
The capital will be used to fund exploration in Matador's Cape Rays Shear Gold Project, in particular the Malachite zone.
Meanwhile, the broker notes the company is pivoting towards greenfields developments and Shaw and Partners alters its estimates to match other ASX listed explorers.
Buy recommendation retained. Target price falls to 32c from 55c.
This report was published on October 27, 2022.
Target price is $0.32 Current Price is $0.09 Difference: $0.23
If MZZ meets the Shaw and Partners target it will return approximately 256% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 0.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 18.00.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 0.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 22.50.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
OZL OZ MINERALS LIMITED
Copper – Overnight Price: $24.47
JP Morgan rates ((OZL)) as Neutral (3) –
JP Morgan considers OZ Minerals reported "soft" 3Q22 results with a miss from Prominent Hill and FY23 gold guidance reduced while the 120-130kt for copper guidance is viewed as optimistic.
Management stated they had not engaged with BHP Group ((BHP)) regarding the possible takeover.
JP Morgan assesses if BHP walks from the $25 indicative price offer, which OZ Minerals knocked back, the company's share price risks falling below $20 per share, with a $3.50/lb copper price.
A Neutral rating and $27.50 target are unchanged with OZ Minerals still in play.
This report was published on October 25, 2022.
Target price is $27.50 Current Price is $24.47 Difference: $3.03
If OZL meets the JP Morgan target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $25.88, suggesting upside of 4.7%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 9.00 cents and EPS of 40.00 cents.
At the last closing share price the estimated dividend yield is 0.37%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 61.18.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 64.1, implying annual growth of -59.8%.
Current consensus DPS estimate is 13.4, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 38.6.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 7.00 cents and EPS of 35.00 cents.
At the last closing share price the estimated dividend yield is 0.29%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 69.91.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.0, implying annual growth of 23.2%.
Current consensus DPS estimate is 14.2, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 31.3.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Shaw and Partners rates ((OZL)) as Buy (1) –
OZ Minerals's September-quarter result appears to have satisfied Shaw and Partners given the year's challenges, the broker observing the company is on track to meet copper production and a lower AUD more than offseting weaker USD copper prices.
But costs are up and gold production is weaker than forecast. The broker expects costs will continue to weigh on results but expects a strong December quarter.
Shaw and Partners expects BHP Group ((BHP)) is likely to improve the terms of its offer for OZ Minerals. Buy rating and $30 target price retained but EPS forecasts fall.
This report was published on October 25, 2022.
Target price is $30.00 Current Price is $24.47 Difference: $5.53
If OZL meets the Shaw and Partners target it will return approximately 23% (excluding dividends, fees and charges).
Current consensus price target is $25.88, suggesting upside of 4.7%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 26.00 cents and EPS of 76.90 cents.
At the last closing share price the estimated dividend yield is 1.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.82.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 64.1, implying annual growth of -59.8%.
Current consensus DPS estimate is 13.4, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 38.6.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 26.00 cents and EPS of 114.90 cents.
At the last closing share price the estimated dividend yield is 1.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.0, implying annual growth of 23.2%.
Current consensus DPS estimate is 14.2, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 31.3.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PBH POINTSBET HOLDINGS LIMITED
Gaming – Overnight Price: $2.06
Bell Potter rates ((PBH)) as Buy (1) –
PointsBet Holdings' September-quarter result appears to have missed Bell Potter's forecasts despite the broker observing the company posted solid progress to achieving its goals in the period.
The main impact on the target price came from an assumed increase in the churn rate to 4% from 3.5%, reflecting weaker than forecasts client growth in the US and Australia.
Buy rating retained. Target price falls to $4.50 from $5.25.
This report was published on October 26, 2022.
Target price is $4.50 Current Price is $2.06 Difference: $2.44
If PBH meets the Bell Potter target it will return approximately 118% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 105.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 1.95.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 67.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 3.04.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((PBH)) as Buy (1) –
PointsBet Holdings reported 1Q23 results which came in somewhat below Jarden's expectations for the "customer and revenue run-rate".
The broker noted strong US turnover, growing 40% compared to 30% growth in the 4Q22, with better financials from targeting more profitable customers.
Racing in NSW and Victoria which was lower in this period compared to the previous period in 2021, resulted in a -3% decline in Australian turnover and -13% fall in net/win revenue.
There are no changes to Jarden's earnings forecasts and the analyst assesses PointsBet Holdings can reach profitable market share levels in the future.
The $3.62 target and Buy rating remain unchanged.
This report was published on October 27, 2022.
Target price is $3.62 Current Price is $2.06 Difference: $1.56
If PBH meets the Jarden target it will return approximately 76% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 43.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 4.78.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 20.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 10.10.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JP Morgan rates ((PBH)) as Underweight (5) –
JP Morgan remains cautious on PointsBet Holdings post the 1Q23 results.
In spite of the strategic change in marketing spend and the $94m equity funding from Susquehanna, the analyst considers there is ongoing risks to the cash burn.
At the current -$70m run rate, the broker points out the company has 6-7 quarters of cash available in funding on the balance sheet.
JP Morgan adjustments EPS forecasts by 6.9% for FY23 and 5.7% for FY24. Underweight rating and $1.95 target are retained.
This report was published on October 26, 2022.
Target price is $1.95 Current Price is $2.06 Difference: minus $0.11 (current price is over target).
If PBH meets the JP Morgan target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 89.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.31.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 69.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.99.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PLT PLENTI GROUP LIMITED
Business & Consumer Credit – Overnight Price: $0.39
Shaw and Partners rates ((PLT)) as Buy (1) –
Plenti Group's September-quarter result missed Shaw and Partners' expectations, the company continuing to focus on yield accretive loans as announced in its May strategy.
Revenue and profit rose sharply, net interest margins continued to rise, credit performance was strong, and the loan book has been pulled back from 2025, says the broker.
Buy rating retained. Target price falls to $1.36 from $1.48.
This report was published on October 27, 2022.
Target price is $1.36 Current Price is $0.39 Difference: $0.975
If PLT meets the Shaw and Partners target it will return approximately 253% (excluding dividends, fees and charges).
The company's fiscal year ends in March.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 3.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 12.42.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 128.33.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RRL REGIS RESOURCES LIMITED
Gold & Silver – Overnight Price: $1.50
Bell Potter rates ((RRL)) as Buy (1) –
The Tropicana operations were a standout in 1Q results for Regis Resources, according to Bell Potter, while Duketon underperformed.
Overall production of 114.8koz was shy of the broker's 119.2koz forecast and all-in sustaining costs (AISC) of $1,782/oz exceeded the expected $1,541/oz.
Higher costs haven't greatly impacted on valuation due to a higher Australian dollar gold price, and the analyst reduces the target to $2.68 from $2.70. Buy.
This report was published on October 28, 2022.
Target price is $2.68 Current Price is $1.50 Difference: $1.18
If RRL meets the Bell Potter target it will return approximately 79% (excluding dividends, fees and charges).
Current consensus price target is $1.73, suggesting upside of 16.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 2.00 cents and EPS of 14.10 cents.
At the last closing share price the estimated dividend yield is 1.33%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.64.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 8.1, implying annual growth of 345.1%.
Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 18.4.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 5.00 cents and EPS of 29.60 cents.
At the last closing share price the estimated dividend yield is 3.33%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.07.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.2, implying annual growth of -35.8%.
Current consensus DPS estimate is 1.8, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 28.6.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RWC RELIANCE WORLDWIDE CORP. LIMITED
Building Products & Services – Overnight Price: $3.09
JP Morgan rates ((RWC)) as Overweight (1) –
The 1Q23 results from Reliance Worldwide reflected a lack of visibility and the volatile nature of sales and margins according to JP Morgan.
The broker points to falling volumes in September and October and the company guided to inventory draw downs in the 2H23 which implies management anticipates further sales declines, forecast by JP Morgan at -5% in 3Q23 and -15% in Q4.
JP Morgan lowers EPS forecasts by -13% for FY23 and -13% for FY24, the dividend estimates are accordingly reduced by -11% and -5% for the corresponding periods.
An Overweight rating is retained and the target is adjusted to $4.30 from $4.75.
This report was published on October 26, 2022.
Target price is $4.30 Current Price is $3.09 Difference: $1.21
If RWC meets the JP Morgan target it will return approximately 39% (excluding dividends, fees and charges).
Current consensus price target is $3.84, suggesting upside of 25.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 8.50 cents and EPS of 16.50 cents.
At the last closing share price the estimated dividend yield is 2.75%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 27.5, implying annual growth of N/A.
Current consensus DPS estimate is 13.7, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 11.1.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 9.00 cents and EPS of 15.80 cents.
At the last closing share price the estimated dividend yield is 2.91%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.5, implying annual growth of 3.6%.
Current consensus DPS estimate is 13.7, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 10.7.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TAH TABCORP HOLDINGS LIMITED
Gaming – Overnight Price: $0.96
Goldman Sachs rates ((TAH)) as Sell (5) –
Goldman Sachs assesses the Q1 trading update for Tabcorp Holdings which was provided at the AGM and was largely as expected.
The company reported 18.7% revenue growth in the quarter over the previous period, while wagering and media rose 14.4% and market share for digital was unchanged.
Gaming services grew at 91.7% due to the cycling of around $42m in "fee relief" in the 1H22. The Sell rating and 80c target are unchanged.
This report was published on October 27, 2022.
Target price is $0.80 Current Price is $0.96 Difference: minus $0.16 (current price is over target).
If TAH meets the Goldman Sachs target it will return approximately minus 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.06, suggesting upside of 12.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 EPS of 8.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 3.9, implying annual growth of -98.7%.
Current consensus DPS estimate is 2.3, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 24.2.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 EPS of 8.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.4, implying annual growth of 12.8%.
Current consensus DPS estimate is 2.6, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 21.5.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TSI TOP SHELF INTERNATIONAL HOLDINGS LIMITED
Food, Beverages & Tobacco – Overnight Price: $1.22
Canaccord Genuity rates ((TSI)) as Speculative Buy (1) –
Top Shelf International's distribution arrangements with Coles Group ((COL)) continue to see strong in-store sell through, with NED Whisky and Grainshaker Vodka now the seventh and tenth highest selling products for their respective segments.
Canaccord Genuity found the first quarter largely as expected, with Top Shelf International reporting group revenue of $6.9m and cash receipts of $8.2m. Over the quarter $1.4m was invested into 'Brand', $0.8m into whisky, and $1.3m into agave.
The Speculative Buy rating and target price of $1.92 are retained.
This report was published on October 27, 2022.
Target price is $1.92 Current Price is $1.22 Difference: $0.705
If TSI meets the Canaccord Genuity target it will return approximately 58% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 19.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 6.39.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 17.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 7.15.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Moelis rates ((TSI)) as Hold (3) –
Moelis lowers FY23/24 revenue estimates by -5%/-3%, to align with slightly softer branded revenue, revealed in Q1 results, and to reflect a minor shift in first agave sales estimates.
After taking into account the Q1 results, a de-rating for international peers and an estimated requirement for -$5m in new equity in FY24, the broker's target falls to $1.27 from $1.56.
The analyst is cautious on the funding outlook because of $15.8m in net debt and the expectation for ongoing cash burn after a free cash flow burn of -8.5m in Q1. The latter included -$3m on advertising for key branding sponsorships.
This report was published on October 27, 2022.
Target price is $1.27 Current Price is $1.22 Difference: $0.055
If TSI meets the Moelis target it will return approximately 5% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 31.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 3.86.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 18.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 6.71.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Shaw and Partners rates ((TSI)) as Buy (1) –
Top Shelf International's September-quarter result appears to have fallen shy of Shaw and Partners' forecasts, as a higher-than-forecast cash burn took the shine off the company's strong revenue growth of more than 250%.
The broker notes NED is now the 7th highest selling whisky across the Coles Liquor Group channel.
Shaw and Partners maintains the company's opportunity far exceeds its valuation and notes growth in vodka outpaced its own expectations.
Meanwhile, the agave market represents a strong opportunity, says the broker, following the launch of the company's Act of Treason brand during the quarter.
Buy rating retained. Target price eases to $1.70 from $1.79.
This report was published on October 27, 2022.
Target price is $1.70 Current Price is $1.22 Difference: $0.485
If TSI meets the Shaw and Partners target it will return approximately 40% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 27.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 4.37.
Forecast for FY24:
Shaw and Partners 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 14.82.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WSP WHISPIR LIMITED
Cloud services – Overnight Price: $0.43
Shaw and Partners rates ((WSP)) as Buy (1) –
Whispir's September-quarter cashflow and activities updates missed Shaw and Partners' forecasts, the company posting a sharp decline in annual recurring revenue and a cash burn of -9.2%.
Management reiterated it expects to reach positive cash flow in FY24 (although the broker expects this a stretch); considers the ARR hit to be a one-off; and says cash flow should start trending upward from here.
The broker appreciates the company's strong sales pipeline and the expansion of its carrier relationships. Buy rating retained. Target price falls to $2 from $3.50.
This report was published on October 27, 2022.
Target price is $2.00 Current Price is $0.43 Difference: $1.57
If WSP meets the Shaw and Partners target it will return approximately 365% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 16.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.67.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 11.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 3.64.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WTC WISETECH GLOBAL LIMITED
Cloud services – Overnight Price: $57.30
Jarden rates ((WTC)) as Overweight (2) –
Jarden reviews global supply chain dynamics heading into WiseTech Global's annual general meeting in late November.
While the broker accepts the company's valuation is lofty, it believes the company's strong balance sheet and continued global contract wins justify the broker's Overweight rating.
Jarden says peers are guiding to continued strong demand and growth and an easing of supply chain constraints, and they report demand for software is rising as Amazon disruption raises the bar for fast, reliable, consistent delivery.
Overweight rating retained. Target price eases to $58 from $64.
This report was published on October 27, 2022.
Target price is $58.00 Current Price is $57.30 Difference: $0.7
If WTC meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $59.92, suggesting upside of 4.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 14.40 cents and EPS of 71.80 cents.
At the last closing share price the estimated dividend yield is 0.25%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 79.81.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 76.1, implying annual growth of 27.5%.
Current consensus DPS estimate is 14.5, implying a prospective dividend yield of 0.3%.
Current consensus EPS estimate suggests the PER is 75.3.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 19.10 cents and EPS of 95.50 cents.
At the last closing share price the estimated dividend yield is 0.33%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 60.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 98.3, implying annual growth of 29.2%.
Current consensus DPS estimate is 18.7, implying a prospective dividend yield of 0.3%.
Current consensus EPS estimate suggests the PER is 58.3.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
XPN XPON TECHNOLOGIES GROUP LIMITED
Cloud services – Overnight Price: $0.15
Shaw and Partners rates ((XPN)) as Buy (1) –
XPON Technologies delivered a strong first quarter, with margins increasing 3 percentage points to 69% and annual recurring revenue up $1.8m in the quarter to $18.2m, comments Shaw and Partners.
Shaw attributes flat quarter-on-quarter annual recurring revenue growth to foreign exchange movements.
Following the update, Shaw and Partners has increased its full year gross margin assumptions 2 percentage points to 68%. The broker expects XPON Technologies is fully funded through to a breakeven in FY24.
The Buy rating and target price of $0.38 are retained.
This report was published on November 24, 2022.
Target price is $0.38 Current Price is $0.15 Difference: $0.23
If XPN meets the Shaw and Partners target it will return approximately 153% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 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 7.89.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 0.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 25.00.
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 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.
As part of emerging new trends overseas, The Australian Broker Call *Extra* Edition also includes providers of sponsored research. Readers should bear in mind, sponsored research, while not necessarily of lower quality, has the embedded complication that the company that is the subject of the research has paid for this research. Providers of sponsored research that can potentially be included in this Report are Breakaway Research, Edison Investment Research, Independent Investment Research, NDF Research, Pitt Street Research, and TMT Analytics.
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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