Australian Broker Call *Extra* Edition – Aug 09, 2023

This story features CHALLENGER LIMITED, and other companies. For more info SHARE ANALYSIS: CGF

An additional news report on the recommendation, valuation, forecast and opinion changes and updates 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.

One key difference is the *Extra* Edition will not be updated daily, but merely "regularly" depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena's team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

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)

CGF   CLW   CRN   DXC   JHX (2)   NXT   PMV   PPM   PXA   TWE   WDS  

CGF    CHALLENGER LIMITED

Wealth Management & Investments – Overnight Price: $6.91

Goldman Sachs rates ((CGF)) as Neutral (3) –

Ahead of Challenger's FY23 result on August 15, Goldman Sachs highlights normalised pre-tax profit guidance for FY24 to be key amid an update on the trajectory for the life book.

Given the favourable sales environment for higher margin retail annuities from higher yields, the broker believes Challenger will continue to focus on margin accretive sales while proving up the alternative distribution channels across defined benefit opportunities.

Neutral rating retained. Target moves up to $6.74.

This report was published on August 7, 2023.

Target price is $6.74 Current Price is $6.91 Difference: minus $0.17 (current price is over target).
If CGF 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 $6.98, suggesting upside of 1.0%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 25.00 cents and EPS of 51.00 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 13.55.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 41.9, implying annual growth of 11.6%.
Current consensus DPS estimate is 25.1, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 16.5.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 28.00 cents and EPS of 58.00 cents.
At the last closing share price the estimated dividend yield is 4.05%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.91.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 54.5, implying annual growth of 30.1%.
Current consensus DPS estimate is 28.6, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 12.7.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CLW    CHARTER HALL LONG WALE REIT

REITs – Overnight Price: $3.80

Jarden rates ((CLW)) as Underweight (4) –

Jarden is surprised Charter Hall Long WALE REIT did not have a more concrete plan to improve its highly-geared balance sheet when posting its FY23 results.

No assets have been sold since the first half and while management is actively looking to cut gearing the broker expects pressure on the shares will continue until some "real evidence" of asset sales or other initiatives are outlined.

Based on the current BBSW curve, the broker expects earnings per share will fall -13% over FY23-25, despite strong top-line growth. Underweight maintained. Target is reduced to $3.95 from $4.25.

This report was published on August 8, 2023.

Target price is $3.95 Current Price is $3.80 Difference: $0.15
If CLW meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $4.13, suggesting upside of 10.2%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 26.00 cents and EPS of 26.20 cents.
At the last closing share price the estimated dividend yield is 6.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.1, implying annual growth of N/A.
Current consensus DPS estimate is 26.7, implying a prospective dividend yield of 7.1%.
Current consensus EPS estimate suggests the PER is 14.4.

Forecast for FY25:

Jarden forecasts a full year FY25 EPS of 25.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.08.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.0, implying annual growth of 3.4%.
Current consensus DPS estimate is 27.2, implying a prospective dividend yield of 7.3%.
Current consensus EPS estimate suggests the PER is 13.9.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CRN    CORONADO GLOBAL RESOURCES INC

Coal – Overnight Price: $1.46

Goldman Sachs rates ((CRN)) as Buy (1) –

First half results from Coronado Global Resources were in line, being largely pre-reported. The interim dividend was well below Goldman Sachs' estimates.

The company did reaffirm its capital management framework to return to 60-100% of free cash flow, assuming no acquisitions in the second half.

Goldman Sachs upwardly adjusts FY23 and FY24 EPS estimates by 5% and 7%, respectively, after reducing its Stanmore rebate assumptions. Buy rating retained. Target is raised to $2.20 from $2.15.

This report was published on August 8, 2023.

Target price is $2.20 Current Price is $1.46 Difference: $0.745
If CRN meets the Goldman Sachs target it will return approximately 51% (excluding dividends, fees and charges).
Current consensus price target is $1.98, suggesting upside of 31.1%(ex-dividends)
The company's fiscal year ends in December.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 25.34 cents and EPS of 40.24 cents.
At the last closing share price the estimated dividend yield is 17.42%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 3.62.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 39.1, implying annual growth of N/A.
Current consensus DPS estimate is 7.2, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 3.9.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 25.34 cents and EPS of 32.79 cents.
At the last closing share price the estimated dividend yield is 17.42%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 4.44.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 41.9, implying annual growth of 7.2%.
Current consensus DPS estimate is 16.7, implying a prospective dividend yield of 11.1%.
Current consensus EPS estimate suggests the PER is 3.6.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

DXC    DEXUS CONVENIENCE RETAIL REIT

REITs – Overnight Price: $2.54

Moelis rates ((DXC)) as Buy (1) –

Dexus Convenience Retail REIT reported a FY23 distribution per unit of 21.6c, down -5.3% amid operating and finance cost inflation. Guidance of 20.7-21.1c per unit was provided for FY24, based on average base interest rate of 4.25-4.75% compared with the 4.2% currently implied by the futures curve.

Like-for-like rents grew by 3.7%, underpinned by CPI-linked rent reviews. Moelis lowers earnings estimates and factors in higher interest rates and cost inflation. The broker continues to believe the stock is meaningfully undervalued and retains a Buy rating, reducing the target to $3.40 from $3.53.

This report was published on August 7, 2023.

Target price is $3.40 Current Price is $2.54 Difference: $0.86
If DXC meets the Moelis target it will return approximately 34% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY24:

Moelis forecasts a full year FY24 dividend of 21.00 cents and EPS of 21.10 cents.
At the last closing share price the estimated dividend yield is 8.27%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.04.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 21.30 cents and EPS of 21.40 cents.
At the last closing share price the estimated dividend yield is 8.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.87.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

JHX    JAMES HARDIE INDUSTRIES PLC

Building Products & Services – Overnight Price: $46.62

Goldman Sachs rates ((JHX)) as Buy (1) –

First quarter net profit from James Hardie Industries was ahead of Goldman Sachs' estimates while EBIT was 21% higher. The company now expects North American market volumes to decline -12% for FY24, yet a better than expected outcome compared with prior estimates.

The broker observes this reflects increased optimism in US new construction activity and lifts FY24 earnings estimates by 15%, largely driven by North America. Buy rating retained. Target rises to $51.70 from $43.30.

This report was published on August 8, 2023.

Target price is $51.70 Current Price is $46.62 Difference: $5.08
If JHX meets the Goldman Sachs target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $51.66, suggesting upside of 10.4%(ex-dividends)
The company's fiscal year ends in March.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 210.17 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.18.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 225.3, 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 20.8.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 237.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 254.5, implying annual growth of 13.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.4.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

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Jarden rates ((JHX)) as Overweight (2) –

Jarden considers the results from James Hardie Industries of high-quality. The broker notes both North American and Australian operations took share at higher prices, with regional EBIT margins exceeding 30%.

Beyond the second quarter guidance, the company has cancelled its proposed Victorian greenfield site, sticking with brownfield opportunities at Rosehill in NSW and Carole Park in Queensland.

Jarden asserts that, while the company said construction cost pressures did not weigh on its decision, the decision seems at odds with its continued comfort with the Prattville 3 & 4 and a Missouri land purchase.

The broker also highlights a winding back of disclosures as a point to watch. Overweight maintained. Target is raised to $48.60 from $39.70.

This report was published on August 8, 2023.

Target price is $48.60 Current Price is $46.62 Difference: $1.98
If JHX meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $51.66, suggesting upside of 10.4%(ex-dividends)
The company's fiscal year ends in March.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 224.77 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.74.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 225.3, 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 20.8.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 250.86 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.58.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 254.5, implying annual growth of 13.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.4.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

NXT    NEXTDC LIMITED

Cloud services – Overnight Price: $12.86

Goldman Sachs rates ((NXT)) as Buy (1) –

Goldman Sachs observes hyper-scale investments are increasing and NextDC is positioned to benefit.

The broker believes the company can capitalise on imminent Melbourne demand from Microsoft and Amazon, particularly at the M2 facility, given the construction delays plaguing peers and the limited competition.

In FY23 the broker expects revenue to be up 22%, supported by 12% growth in billing, with EBITDA up 17%. Buy rating maintained. Target is raised to $16.80 from $14.60.

This report was published on August 7, 2023.

Target price is $16.80 Current Price is $12.86 Difference: $3.94
If NXT meets the Goldman Sachs target it will return approximately 31% (excluding dividends, fees and charges).
Current consensus price target is $13.84, suggesting upside of 5.9%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 0.00 cents and EPS of 0.00 cents.

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 N/A.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 4.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 321.50.

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: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

PMV    PREMIER INVESTMENTS LIMITED

Apparel & Footwear – Overnight Price: $21.44

Goldman Sachs rates ((PMV)) as Sell (5) –

In looking at the Myer trading update, Goldman Sachs notes margin was significantly below expectations and, as a read-through to Premier Investments, higher discounts are expected to offset costs deflation and result in gross profit margin returning to pre-pandemic levels.

The broker continues to prefer Super Retail ((SUL)) in domestic discretionary retail given a likely more resilient top-line and automotive/outdoor focus. Sell rating retained. Target is $19.30.

This report was published on August 8, 2023.

Target price is $19.30 Current Price is $21.44 Difference: minus $2.14 (current price is over target).
If PMV meets the Goldman Sachs target it will return approximately minus 10% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $23.69, suggesting upside of 8.3%(ex-dividends)
The company's fiscal year ends in July.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 116.00 cents and EPS of 168.00 cents.
At the last closing share price the estimated dividend yield is 5.41%.
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 162.3, implying annual growth of -9.5%.
Current consensus DPS estimate is 115.1, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 13.5.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 102.00 cents and EPS of 136.00 cents.
At the last closing share price the estimated dividend yield is 4.76%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 138.1, implying annual growth of -14.9%.
Current consensus DPS estimate is 98.3, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 15.8.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

PPM    PEPPER MONEY LIMITED

Business & Consumer Credit – Overnight Price: $1.48

Goldman Sachs rates ((PPM)) as Buy (1) –

Goldman Sachs makes revisions to earnings estimates for Pepper Money, driven by marking to market of the cash rate and BBSW assumptions and amid higher wholesale funding margins that are partially offset by higher volumes and tighter cost management.

Given the company operates a material portion of its business in the near-prime and non-conforming parts of the housing market, the broker expects it will be more exposed to a deteriorating macro environment and increased interest burden on consumers.

Buy rating retained. Target is reduced to $1.79 from $1.93.

This report was published on August 7, 2023.

Target price is $1.79 Current Price is $1.48 Difference: $0.31
If PPM meets the Goldman Sachs target it will return approximately 21% (excluding dividends, fees and charges).
The company's fiscal year ends in December.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 9.60 cents and EPS of 28.90 cents.
At the last closing share price the estimated dividend yield is 6.49%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.12.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 9.10 cents and EPS of 25.40 cents.
At the last closing share price the estimated dividend yield is 6.15%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.83.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

PXA    PEXA GROUP LIMITED

Real Estate – Overnight Price: $12.95

Jarden rates ((PXA)) as Underweight (4) –

Settlement data shows continued signs of improvement with Jarden noting NSW volumes have achieved the third month of growth since early 2022 while Queensland volumes were largely flat.

The broker continues to envisage downside risks going into the FY23 results in August 25 with its estimates of EPS for Pexa Group around -10% below consensus to reflect a lower exchange margin and higher amortisation.

Coupled with concerns regarding further UK delays and/or cost growth, an Underweight rating is maintained with a $12.35 target.

This report was published on August 8, 2023.

Target price is $12.35 Current Price is $12.95 Difference: minus $0.6 (current price is over target).
If PXA meets the Jarden target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $15.78, 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 0.00 cents and EPS of 23.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 55.82.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.9, implying annual growth of 110.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 51.5.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 33.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 38.89.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 33.6, implying annual growth of 29.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 39.7.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

TWE    TREASURY WINE ESTATES LIMITED

Food, Beverages & Tobacco – Overnight Price: $11.75

Goldman Sachs rates ((TWE)) as Buy (1) –

China's Ministry of Commerce has lifted anti-dumping and anti-subsidy tariffs on Australian barley and the Australian government is continuing to pursue the removal of wine tariffs with an outcome expected later this year.

Goldman Sachs does not change its forecast to factor in an earlier removal of wine tariffs compared with current assumptions of March 2026, given supply-side constraints.

The broker notes the last closing price of Treasury Wine Estates suggests very little of Penfolds sales into China have been factored in, while asserting Penfolds is a valuable global brand with upside to the re-opening of China.

Buy rating reiterated and the target is $13.40.

This report was published on August 7, 2023.

Target price is $13.40 Current Price is $11.75 Difference: $1.65
If TWE meets the Goldman Sachs target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $12.75, suggesting upside of 8.3%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 36.00 cents and EPS of 50.00 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 23.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 48.2, implying annual growth of 32.2%.
Current consensus DPS estimate is 33.5, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 24.4.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 39.00 cents and EPS of 55.00 cents.
At the last closing share price the estimated dividend yield is 3.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 54.7, implying annual growth of 13.5%.
Current consensus DPS estimate is 37.2, implying a prospective dividend yield of 3.2%.
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

WDS    WOODSIDE ENERGY GROUP LIMITED

NatGas – Overnight Price: $38.40

Jarden rates ((WDS)) as Downgrade to Underweight from Neutral (4) –

Woodside Energy will sell a 10% stake in Scarborough to LNG Japan. The price is -20% below Jarden's estimated carrying value for the asset, considered "unsurprising" given the residual construction and approval risks prior to first LNG production that is expected in 2026.

While the company had indicated a bigger stake would be sold, the increased size of the business means it can hold onto higher equity stakes in key growth projects, which the broker supports.

Yet, after a 12% rally in the share price since late June the rating is downgraded to Underweight from Neutral.

Jarden believes the market is too optimistic regarding 2023 cash flow and distributions, which may take some "gloss" from the anticipated production guidance upgrade at the interim results on August 22. Target is reduced to $32.65 and $32.85.

This report was published on August 9, 2023.

Target price is $32.65 Current Price is $38.40 Difference: minus $5.75 (current price is over target).
If WDS meets the Jarden target it will return approximately minus 15% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $36.58, suggesting downside of -4.4%(ex-dividends)
The company's fiscal year ends in December.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 178.86 cents and EPS of 226.71 cents.
At the last closing share price the estimated dividend yield is 4.66%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.94.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 253.9, implying annual growth of N/A.
Current consensus DPS estimate is 202.5, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 15.1.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 180.36 cents and EPS of 230.14 cents.
At the last closing share price the estimated dividend yield is 4.70%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.69.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 249.3, implying annual growth of -1.8%.
Current consensus DPS estimate is 199.5, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 15.4.

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

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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.

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