Australian Broker Call *Extra* Edition – Oct 11, 2023

This story features ADBRI LIMITED, and other companies. For more info SHARE ANALYSIS: ABC

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.

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)

ABC   ANG   ASX   CAI   DHG   GNG   GNX (2)   LRS   MFG   REA   SDF   TIE   UNI  

ABC    ADBRI LIMITED

Building Products & Services – Overnight Price: $2.01

Goldman Sachs rates ((ABC)) as Downgrade to Sell from Neutral (5) –

Goldman Sachs downgrades its rating for Adbri to Sell from Neutral as the broker trims net profit forecasts over FY23-25 due to higher forecasts for interest expenses.

In a net neutral for revenue forecasts, the analysts suggest higher infrastructure estimates will be offset by a weaker housing starts profile. 

While the balance sheet is well within covenants, it remains more stretched than Adbri's target, cautions the broker. Apart from this concern, the analysts highlight an ongoing challenging cost backdrop.

Goldman Sachs also highlights upside risks including an improvement in the residential end-market, cash cost moderation/deflation, a better-than-expected price recovery and an extension to the infrastructure cycle.

The $1.85 target price is unchanged.

This report was published on October 5, 2023.

Target price is $1.85 Current Price is $2.01 Difference: minus $0.16 (current price is over target).
If ABC meets the Goldman Sachs target it will return approximately minus 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $2.17, suggesting upside of 8.0%(ex-dividends)
The company's fiscal year ends in December.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 0.00 cents and EPS of 16.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.56.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 16.1, implying annual growth of 2.4%.
Current consensus DPS estimate is 1.8, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 12.5.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 15.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.40.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 15.6, implying annual growth of -3.1%.
Current consensus DPS estimate is 6.2, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 12.9.

Market Sentiment: -0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

ANG    AUSTIN ENGINEERING LIMITED

Mining Sector Contracting – Overnight Price: $0.26

Petra Capital rates ((ANG)) as Buy (1) –

Austin Engineering's AGM is due Thursday this week, and Petra Capital notes a high probability of a positive update.

The broker's view is predicated upon high committed order levels by OEM's/distributors, which is supported by Rio Tinto's ((RIO)) recently stated capex intentions.

The current Austin Engineering share price is overly bearish, suggests the analyst, given ongoing benefits from the company's Austin 2.0 growth strategy along with an upbeat operating environment.

The broker's 37c target and Buy rating are maintained.

This report was published on October 9, 2023.

Target price is $0.37 Current Price is $0.26 Difference: $0.11
If ANG meets the Petra Capital target it will return approximately 42% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY24:

Petra Capital forecasts a full year FY24 dividend of 1.50 cents and EPS of 4.70 cents.
At the last closing share price the estimated dividend yield is 5.77%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.53.

Forecast for FY25:

Petra Capital forecasts a full year FY25 dividend of 1.50 cents and EPS of 5.20 cents.
At the last closing share price the estimated dividend yield is 5.77%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.00.

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

ASX    ASX LIMITED

Wealth Management & Investments – Overnight Price: $57.20

Jarden rates ((ASX)) as Neutral (3) –

It was a slow September for ASX, with stronger for long rate expectations (propelling a leap in bond yields) failing to support futures volumes, while translating into a predictable fall in equity turnover.

Market velocity fell to 75%, its lowest in a decade, triggering a -14% slump in average daily equity turnover, observes Jarden.

Capital raisings rallied to $7.3bn from recent lows as IPO activity trebled to a still soft $1.4bn, observes the broker.

EPS forecasts fall -1.9% in FY24 and -2.5% in FY25.

Neutral rating retained. Target price falls to $58.80 from $61.55.

This report was published on October 6, 2023.

Target price is $58.80 Current Price is $57.20 Difference: $1.6
If ASX meets the Jarden target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $61.62, suggesting upside of 6.7%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 215.20 cents and EPS of 253.20 cents.
At the last closing share price the estimated dividend yield is 3.76%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.59.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 250.9, implying annual growth of 53.1%.
Current consensus DPS estimate is 221.1, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 23.0.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 226.20 cents and EPS of 266.60 cents.
At the last closing share price the estimated dividend yield is 3.95%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.46.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 257.6, implying annual growth of 2.7%.
Current consensus DPS estimate is 218.9, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 22.4.

Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CAI    CALIDUS RESOURCES LIMITED

Gold & Silver – Overnight Price: $0.15

Canaccord Genuity rates ((CAI)) as Hold (3) –

Calidus Resources's pre-reported September-quarter gold production from its Warrawoon gold mine fell on June and March-quarter production guidance due to a scheduled mill shutdown and mining of a cutback, but Canaccord Genuity advises FY24 production guidance is on track.

The broker suspects all-in-sustaining costs, yet to be reported, could outpace forecasts give cost guidance has risen.

The company closed the quarter with $15m cash and debt of $75m, having repaid $6m in the quarter. The broker estimates the company's hedge equates to a fairly negligible -5c based on spot prices.

Hold rating and 15c target price retained, the broker expecting greater clarity will emerge when the company's three-year growth plan is published. 

This report was published on October 9, 2023.

Target price is $0.15 Current Price is $0.15 Difference: $0
If CAI meets the Canaccord Genuity target it will return approximately 0% (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 6.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.50.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 3.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.00.

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

DHG    DOMAIN HOLDINGS AUSTRALIA LIMITED

Real Estate – Overnight Price: $3.92

Jarden rates ((DHG)) as Neutral (3) –

Jarden has shifted to a positive macro view on the housing recovery and increases earnings forecasts for Domain Holdings Australia accordingly.

The broker raises its December-half listing growth to 2% from 0%, observing volumes are slightly stronger than first estimated in August. REA Group ((REA)) management is still guiding to flat full-year growth so the broker splits the difference, forecasting 1% growth.

EPS forecasts for Domain rise 1.2% in FY24. The broker sits 1.8% above consensus, expecting higher group margins.

Neutral rating retained. Target price is $3.40.

This report was published on October 6, 2023.

Target price is $3.40 Current Price is $3.92 Difference: minus $0.52 (current price is over target).
If DHG meets the Jarden target it will return approximately minus 13% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $3.42, suggesting downside of -13.6%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 7.20 cents and EPS of 9.10 cents.
At the last closing share price the estimated dividend yield is 1.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 43.08.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.5, implying annual growth of 129.5%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 41.7.

Forecast for FY25:

Jarden forecasts a full year FY25 EPS of 11.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 33.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.2, implying annual growth of 7.4%.
Current consensus DPS estimate is 6.8, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 38.8.

Market Sentiment: -0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

GNG    GR ENGINEERING SERVICES LIMITED

Mining Sector Contracting – Overnight Price: $2.18

Taylor Collison rates ((GNG)) as Outperform (2) –

Taylor Collison initiates coverage on engineering services contractor GR Engineering Services with an Outperform rating and $2.52 target. The company provides engineering, design and construction services to the mining and minerals processing industries.

These services range from pre-feasibility studies through to construction of mining infrastructure, and the broker points out margins are correlated to the long-term price of the minerals in which it specialises.

While only a small part of revenue is secured from pre-feasibility and feasibility studies, this specialty helps the company gain tendering of engineering, procurement, and construction (EPC) work against competitors, explains the analyst.

Given an expected long demand cycle for clean energy minerals, and its potential to provide consistent profits and high labour utilisation, the broker sees an attractive payback from investing in shares of GR Engineering Services.

This report was published on October 3, 2023.

Target price is $2.52 Current Price is $2.18 Difference: $0.34
If GNG meets the Taylor Collison target it will return approximately 16% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY24:

Taylor Collison forecasts a full year FY24 dividend of 19.00 cents and EPS of 20.10 cents.
At the last closing share price the estimated dividend yield is 8.72%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.85.

Forecast for FY25:

Taylor Collison forecasts a full year FY25 dividend of 20.00 cents and EPS of 21.30 cents.
At the last closing share price the estimated dividend yield is 9.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.23.

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

GNX    GENEX POWER LIMITED

EV, Solar & Batteries – Overnight Price: $0.16

Canaccord Genuity rates ((GNX)) as Buy (1) –

Fortescue Metals Group ((FMG)) has signed a 25-year offtake with Genex Power's joint-venture Bulli Creek Solar and Battery Project for 337.5MW of solar energy and large-scale generation certificate for a fixed nominal price.

Signing the purchase power agreement is a big step forward for the project, in which Genex holds a 50% stake.

Canaccord Genuity says this is one of the longest renewables PPA to its knowledge and will provide the foundation for development of the site.

Fortescue plans to use the power for its green hydrogen and green ammonia facility at Gibson Island. 

The deal is conditional on Fortescue reaching an FID by December 2023 (Canaccord Genuity is confident it will), and the financial close of the initial solar development by the end of 2024.

The broker observes Renew Economy reports on the Bouldercombe megapack fire shows the project operated at low levels days after the fire, and says the company expects commissioning to resume in coming weeks. The broker adds it still hasn't been made clear if the fault lay with the battery or the operator.

Speculative Buy rating and 27c target price retained.

This report was published on October 9, 2023.

Target price is $0.27 Current Price is $0.16 Difference: $0.11
If GNX meets the Canaccord Genuity target it will return approximately 69% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

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

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Petra Capital rates ((GNX)) as Buy (1) –

Petra Capital believes Genex Power's 25-year purchasing power agreement with Fortescue Metals Group ((FMG)) at its Bulli Creek project is a key milestone for the company.

The term compares with the typical PPA term of 10 to 15 years observes the broker, adding this and the fixed-price structure provides a high degree of certainty to financiers.

The broker says management has referred to discussions with other parties, suggesting momentum may be building for the company.

Buy rating retained. Target price rises to 28.5c from 26c.

This report was published on October 10, 2023.

Target price is $0.28 Current Price is $0.16 Difference: $0.125
If GNX meets the Petra Capital target it will return approximately 78% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY24:

Petra Capital forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.00 cents.

Forecast for FY25:

Petra Capital forecasts a full year FY25 dividend of 0.20 cents and EPS of 0.60 cents.
At the last closing share price the estimated dividend yield is 1.25%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.67.

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

LRS    LATIN RESOURCES LIMITED

Mining – Overnight Price: $0.28

Canaccord Genuity rates ((LRS)) as Buy (1) –

Canaccord Genuity's site visit to Latin Resources's Salinas project following its recent preliminary economic assessment has yielded a greater appreciation for the potential upside of the Resource.

The broker adds any Resource growth would help optimise project design (mine life, production and economics) and as such considers the assessment to be fledgling, albeit it is already comparing favourably agains peers.

The broker also appreciates the access and transport infrastructure on the site, strong team, government relationships and fast-tracked permitting status.

Speculative Buy rating retained. Target price rises to 70c from 45c.

This report was published on October 9, 2023.

Target price is $0.70 Current Price is $0.28 Difference: $0.415
If LRS meets the Canaccord Genuity target it will return approximately 146% (excluding dividends, fees and charges).
The company's fiscal year ends in December.

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 0.00 cents.

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

MFG    MAGELLAN FINANCIAL GROUP LIMITED

Wealth Management & Investments – Overnight Price: $6.94

Jarden rates ((MFG)) as Neutral (3) –

Magellan Financial's September funds under management data disappointed Jarden and consensus.

Global equities deteriorated while infrastructure improved, suggesting the struggle continues.

Jarden retains a Neutral rating, appreciating the company's strategic progress and eagerness to manage capital and costs.

The broker also believes further institutional mandate losses are now less likely so EPS downside appears limited from here.

EPS forecasts fall -6% in FY24; -6.9% in FY25; and -6.7% in FY26. Target price falls to $8.90 from $9.55.

This report was published on October 6, 2023.

Target price is $8.90 Current Price is $6.94 Difference: $1.96
If MFG meets the Jarden target it will return approximately 28% (excluding dividends, fees and charges).
Current consensus price target is $8.99, suggesting upside of 33.4%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 58.80 cents and EPS of 79.20 cents.
At the last closing share price the estimated dividend yield is 8.47%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 77.8, implying annual growth of -22.2%.
Current consensus DPS estimate is 59.9, implying a prospective dividend yield of 8.9%.
Current consensus EPS estimate suggests the PER is 8.7.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 54.60 cents and EPS of 86.20 cents.
At the last closing share price the estimated dividend yield is 7.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 72.0, implying annual growth of -7.5%.
Current consensus DPS estimate is 54.2, implying a prospective dividend yield of 8.0%.
Current consensus EPS estimate suggests the PER is 9.4.

Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

REA    REA GROUP LIMITED

Real Estate – Overnight Price: $164.15

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

Jarden has shifted to a positive macro view on the housing recovery and increases earnings forecasts for REA Group accordingly.

The broker raises its December-half listing growth to 2% from 0%, observing volumes are slightly stronger than first estimated in August. 

EPS forecasts rise 0.9% in FY24. The broker sits -1% below consensus, expecting lower group margins.

Overweight rating retained. Target price is $166.

This report was published on October 6, 2023.

Target price is $166.00 Current Price is $164.15 Difference: $1.85
If REA meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $156.48, suggesting downside of -4.8%(ex-dividends)

Forecast for FY24:

Current consensus EPS estimate is 352.4, implying annual growth of 30.7%.
Current consensus DPS estimate is 198.6, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 46.6.

Forecast for FY25:

Current consensus EPS estimate is 402.0, implying annual growth of 14.1%.
Current consensus DPS estimate is 229.1, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 40.9.

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

SDF    STEADFAST GROUP LIMITED

Insurance – Overnight Price: $5.56

Jarden rates ((SDF)) as Upgrade to Overweight from Neutral (2) –

Steadfast Group has purchased US independent agency network ISU group for -US$55m.

Jarden expects investors will appreciate this softly softly approach to US expansion, the deal being debt funded and immediately EPS accretive, and allay their fears.

The broker says the purchase will allow the company to gain a foothold and scale over time, describing it as a manageable first step into a massive market and observing the company has an opportunity to acquire equity in the ISU's broker network over time – an estimated revenue pool of US$1bn.

Meanwhile, Steadfast should provide the balance sheet capacity and experience to boost ISU's appeal, says the broker.

Rating is upgraded to Overweight from Neutral. Target price is steady at $6.

This report was published on October 6, 2023.

Target price is $6.00 Current Price is $5.56 Difference: $0.44
If SDF meets the Jarden target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $6.38, suggesting upside of 14.7%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 17.40 cents and EPS of 27.20 cents.
At the last closing share price the estimated dividend yield is 3.13%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.44.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.5, implying annual growth of 38.1%.
Current consensus DPS estimate is 16.5, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 21.8.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 18.50 cents and EPS of 29.10 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 19.11.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.5, implying annual growth of 7.8%.
Current consensus DPS estimate is 18.0, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 20.2.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

TIE    TIETTO MINERALS LIMITED

Gold & Silver – Overnight Price: $0.35

Petra Capital rates ((TIE)) as Buy (1) –

Petra Capital raises its overall production forecasts for Tietto Minerals' Abujar gold mine after the company updated its mine life to nine years with an average annual production of 170koz at all in sustaining costs of US$982/oz.

The broker postpones forecasts for the start of heap leach production to 2026 and cuts 2023 production forecasts less than -10% following a poor September performance.

Buy rating retained. Target price rises to 66c from 64c.

This report was published on October 10, 2023.

Target price is $0.66 Current Price is $0.35 Difference: $0.31
If TIE meets the Petra Capital target it will return approximately 89% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Petra Capital forecasts a full year FY23 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 26.92.

Forecast for FY24:

Petra Capital forecasts a full year FY24 dividend of 0.00 cents and EPS of 8.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 4.27.

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

UNI    UNIVERSAL STORE HOLDINGS LIMITED

Apparel & Footwear – Overnight Price: $3.46

Wilsons rates ((UNI)) as Overweight (1) –

Universal Store purchased Cheap Thrills Cycles (CTC) last month, adding Wholesale and Product Design to its youth-apparel retailing repertoire.

Wilson says a wholesale model complicates operations and financials, and believes the repositioning of CTC will exact considerable resources, given the company is expected to contribute 16.6% of group earnings (EBIT).

The broker appreciates the acquisition's growth prospects and expects near-term upside from improved reporting systems, staff training and supplier engagement.

Long term, offshore channel development, range a brand expansion, and a structure store roll out should all provide upside.

Overweight rating retained. Target price rises 6.3% to $5.10 from $4.80.

This report was published on October 9, 2023.

Target price is $5.10 Current Price is $3.46 Difference: $1.64
If UNI meets the Wilsons target it will return approximately 47% (excluding dividends, fees and charges).
Current consensus price target is $3.99, suggesting upside of 20.5%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY24:

Wilsons forecasts a full year FY24 dividend of 20.10 cents and EPS of 33.50 cents.
At the last closing share price the estimated dividend yield is 5.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.33.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 32.8, implying annual growth of 1.0%.
Current consensus DPS estimate is 21.8, implying a prospective dividend yield of 6.6%.
Current consensus EPS estimate suggests the PER is 10.1.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 26.10 cents and EPS of 43.40 cents.
At the last closing share price the estimated dividend yield is 7.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.97.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 36.9, implying annual growth of 12.5%.
Current consensus DPS estimate is 24.3, implying a prospective dividend yield of 7.3%.
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

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