Daily Market Reports | Feb 16 2024
This story features ACUSENSUS LIMITED, and other companies. For more info SHARE ANALYSIS: ACE
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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)
ACE ANZ (2) AZJ (2) BLD (2) BPT (3) BRG (3) CAR (2) CLW CNB COH CPU CSL CSR GUD ILU JAN JBH (2) LYC MGR MMS NDO OCC REA RIC (2) RKN RWC SEK SIQ SKC STX (2) SYA TCL TPW VSL
ACE ACUSENSUS LIMITED
Transportation & Logistics – Overnight Price: $1.06
Wilsons rates ((ACE)) as No Rating (-1) –
Wilsons discusses the potential Work Zone speed camera contract in Washington State for Acusensus, the company having announced it has been isolated as an "Apparent Successful Vendor".
Notably, the contract is for "work zones" to monitor safety near busy traffic areas and not for the "distracted driving technology", highlights the broker.
Acusensus has not been awarded the contract with continuing negotiations. There is no rating on the stock.
This report was published on February 12, 2024.
Current Price is $1.06. Target price not assessed.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ANZ ANZ GROUP HOLDINGS LIMITED
Banks – Overnight Price: $28.22
Goldman Sachs rates ((ANZ)) as Buy (1) –
Goldman Sachs highlights that 1Q24 revenue for ANZ Bank met expectations and was in line with 1Q23 average.
Bad and doubtful debts were better than anticipated and the CET1 ratio was in line at 13.06%.
The broker slightly adjusts EPS forecasts by 2.7%, 0.2% and 0.4% for FY24 through to FY26 and the price target remains unchanged at $27.84.
The Buy rating is retained.
This report was published on February 12, 2024.
Target price is $27.85 Current Price is $28.22 Difference: minus $0.37 (current price is over target).
If ANZ meets the Goldman Sachs target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $26.50, suggesting downside of -6.1%(ex-dividends)
The company's fiscal year ends in September.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 162.00 cents and EPS of 218.00 cents.
At the last closing share price the estimated dividend yield is 5.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 216.8, implying annual growth of -8.5%.
Current consensus DPS estimate is 159.2, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 13.0.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 162.00 cents and EPS of 210.00 cents.
At the last closing share price the estimated dividend yield is 5.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.44.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 222.9, implying annual growth of 2.8%.
Current consensus DPS estimate is 161.4, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 12.7.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((ANZ)) as Neutral (3) –
Jarden assessed ANZ Bank's 1Q24 trading update as a "solid beat". Revenues came in better than forecast with bad and doubtful debts (BDD) well below both consensus and the broker's 1H24 expectations.
Regarding net interest margins (NIM), no details were offered, but Jarden considers there is currently no downside risk to the market's NIM forecasts.
At this stage, the analyst makes minor earnings upgrades of 2.6% and 0.5% for FY24 and FY25, respectively, with Jarden awaiting further confirmation of the 1Q24 trends before lifting earnings higher.
The target price is raised to $26.70 from $26.30 and a Neutral rating retained.
This report was published on February 12, 2024.
Target price is $26.70 Current Price is $28.22 Difference: minus $1.52 (current price is over target).
If ANZ 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 $26.50, suggesting downside of -6.1%(ex-dividends)
The company's fiscal year ends in September.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 162.00 cents and EPS of 221.00 cents.
At the last closing share price the estimated dividend yield is 5.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.77.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 216.8, implying annual growth of -8.5%.
Current consensus DPS estimate is 159.2, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 13.0.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 163.00 cents and EPS of 222.00 cents.
At the last closing share price the estimated dividend yield is 5.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 222.9, implying annual growth of 2.8%.
Current consensus DPS estimate is 161.4, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 12.7.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AZJ AURIZON HOLDINGS LIMITED
Transportation & Logistics – Overnight Price: $3.97
Goldman Sachs rates ((AZJ)) as Neutral (3) –
Off the back of Aurizon Holdings' reported 1H24 results, Goldman Sachs adjusts FY24/FY25 net profit forecasts by -2%, 1%, respectively.
The company reported higher coal results and lower bulk earnings, with the analyst remaining skeptical about the transition away from coal dependency with higher costs and margin dilution set to impact cash flow generation.
A Neutral rating is maintained and the target lifted to $4.05 from $4.00.
This report was published on February 12, 2024.
Target price is $4.05 Current Price is $3.97 Difference: $0.08
If AZJ meets the Goldman Sachs target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $3.93, suggesting downside of -1.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 EPS of 25.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.9, implying annual growth of 66.1%.
Current consensus DPS estimate is 18.6, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 15.9.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 29.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.2, implying annual growth of 13.3%.
Current consensus DPS estimate is 22.8, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 14.1.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((AZJ)) as Neutral (3) –
Aurizon Holdings 1H24 results were mixed, with a miss on Bulk earnings, despite a strong performance. This was offset by a better than expected Coal result, notes Jarden.
The analyst is expecting the balance sheet to be stronger in FY25, and notes that next fiscal year is an important one for management to achieve the 20% forecast 3 year EBIT compound average growth rate.
At current levels, the stock is viewed as fairly valued and without an upgrade in guidance for FY24, there is perceived "limited upside catalysts".
The Neutral rating is retained and the target price increases to $3.95 from $3.80.
This report was published on February 12, 2024.
Target price is $3.95 Current Price is $3.97 Difference: minus $0.02 (current price is over target).
If AZJ 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 $3.93, suggesting downside of -1.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 19.50 cents and EPS of 25.90 cents.
At the last closing share price the estimated dividend yield is 4.91%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.9, implying annual growth of 66.1%.
Current consensus DPS estimate is 18.6, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 15.9.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 28.60 cents and EPS of 28.60 cents.
At the last closing share price the estimated dividend yield is 7.20%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.2, implying annual growth of 13.3%.
Current consensus DPS estimate is 22.8, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 14.1.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BLD BORAL LIMITED
Building Products & Services – Overnight Price: $5.86
Goldman Sachs rates ((BLD)) as Downgrade to Sell from Neutral (5) –
Prior to reporting season results, Goldman Sachs notes building starts in Australia have been weaker-than-expected, but it's now thought the elevated backlog will take longer to unwind than previously forecast.
In the US, the broker has a more robust forecast for housing starts due to growing single-family 2024/25 starts. Multi-family starts in 2024 are expected to decline, but growth is anticipated in 2025.
From among Goldman's coverage, James Hardie Industries is considered best placed, with operating leverage under-appreciated by the wider market. The company has also been a beneficiary of normalising input costs in the 4Q.
As Boral has successfully executed a margin turnaround, the share price has significantly outperformed, and the broker downgrades its rating to Sell from Neutral.
The analyst feels recent margin expansion may be hard to sustain as residential starts in Australia wane, and infrastructure may have limited capacity for incremental growth.
The target rises to $4.90 from $4.70.
This report was published on January 25, 2024.
Target price is $4.90 Current Price is $5.86 Difference: minus $0.96 (current price is over target).
If BLD meets the Goldman Sachs target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $5.53, suggesting downside of -5.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 21.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 22.0, implying annual growth of 53.6%.
Current consensus DPS estimate is 5.4, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 26.6.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 14.00 cents and EPS of 24.00 cents.
At the last closing share price the estimated dividend yield is 2.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.0, implying annual growth of 9.1%.
Current consensus DPS estimate is 11.4, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 24.4.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Goldman Sachs rates ((BLD)) as Sell (5) –
Boral's 1H earnings (EBIT) beat forecasts by Goldman Sachs and consensus by 32% and 25%, respectively, due to good cost management and pricing momentum.
FY24 guidance for underlying earnings was also raised by 8% at the midpoint to $330-350m.
The broker forecasts a 9.4% earnings margin for FY24, up from 8.4% previously, and raises its FY25-26 margin estimates by 70bps and 100bps to 10.3% and 10.6%, respectively.
The target rises to $5.40 from $4.90 and the Sell rating is unchanged.
This report was published on February 12, 2024.
Target price is $5.40 Current Price is $5.86 Difference: minus $0.46 (current price is over target).
If BLD 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 $5.53, suggesting downside of -5.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 21.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 22.0, implying annual growth of 53.6%.
Current consensus DPS estimate is 5.4, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 26.6.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 14.00 cents and EPS of 24.00 cents.
At the last closing share price the estimated dividend yield is 2.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.0, implying annual growth of 9.1%.
Current consensus DPS estimate is 11.4, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 24.4.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BPT BEACH ENERGY LIMITED
Crude Oil – Overnight Price: $1.75
Goldman Sachs rates ((BPT)) as Sell (5) –
Despite a 'strategy refresh' from the new CEO Brett Woods, Goldman Sachs remains fairly downbeat on Beach Energy post the 1H24 results which missed the broker's forecasts.
The miss was attributed to higher costs for Waitsia LNG cargo sold during 2Q24.
Goldman Sachs likes the announced strategic review from the incoming Woods, but downgrades EPS forecasts for FY24, FY25 and FY26 by -8%, -2% and -1%, respectively.
The Sell rating remains unchanged and the target is tweaked to $1.67 from $1.66.
This report was published on February 12, 2024.
Target price is $1.67 Current Price is $1.75 Difference: minus $0.085 (current price is over target).
If BPT meets the Goldman Sachs target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.91, suggesting upside of 9.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 EPS of 15.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.4, implying annual growth of -12.4%.
Current consensus DPS estimate is 3.6, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 26.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.1, implying annual growth of 63.0%.
Current consensus DPS estimate is 7.1, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 7.0.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((BPT)) as Overweight (2) –
Jarden compliments the new MD/CEO Brett Woods for delivering a 1H24 trading update which offered certainty and guidance to the market, specifically around costs, capital management, a review of Waitsia Stage 2 and a pause on the Western Flank exploration.
At the operating level the trading results missed, notes the analyst, as a result of higher expenses.
The transparency and strategic focus delivered by Woods was well received and what the market wanted to hear, says Jarden, and preempts an expected improvement in operating and free cash flow.
Unchanged Overweight rating and $1.85 target price.
This report was published on February 12, 2024.
Target price is $1.85 Current Price is $1.75 Difference: $0.095
If BPT meets the Jarden target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $1.91, suggesting upside of 9.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 5.00 cents and EPS of 13.20 cents.
At the last closing share price the estimated dividend yield is 2.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.4, implying annual growth of -12.4%.
Current consensus DPS estimate is 3.6, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 24.10 cents.
At the last closing share price the estimated dividend yield is 5.13%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.28.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.1, implying annual growth of 63.0%.
Current consensus DPS estimate is 7.1, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 7.0.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((BPT)) as Overweight (1) –
Wilsons assesses the Beach Energy 1H24 results as a miss on EBITDA and net profit.
Of note, costs rose and depreciation charges were higher.
The broker points to the strategic change with incoming CEO Brett Woods who announced a focus on cost cutting, growth programs and more aligned capital allocation.
Wilsons lowers profit forecasts by -17% for FY24 and -3% for FY26. The price target remains $1.84 with an Overweight rating.
This report was published on February 13, 2024.
Target price is $1.84 Current Price is $1.75 Difference: $0.085
If BPT meets the Wilsons target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $1.91, suggesting upside of 9.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 5.00 cents and EPS of 15.00 cents.
At the last closing share price the estimated dividend yield is 2.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.4, implying annual growth of -12.4%.
Current consensus DPS estimate is 3.6, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 8.00 cents and EPS of 27.20 cents.
At the last closing share price the estimated dividend yield is 4.56%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.1, implying annual growth of 63.0%.
Current consensus DPS estimate is 7.1, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 7.0.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BRG BREVILLE GROUP LIMITED
Household & Personal Products – Overnight Price: $25.91
Goldman Sachs rates ((BRG)) as Buy (1) –
Breville Group's full year guidance has fallen short of Goldman Sachs' expectations, with the company targeting year-on-year earnings growth of 5.0-7.5%, a -3.5-5.7% miss to the broker's expected guidance.
The broker expects Australian sales will decline year-on-year, but that US sales would be a net positive, underpinned by the entry into Target. Given the update from Breville Group, Goldman Sachs lowers its group sales -3-6% through to FY26, and earnings by -4-8%.
The Buy rating is retained and the target price decreases to $28.00 from $30.20.
This report was published on February 13, 2024.
Target price is $28.00 Current Price is $25.91 Difference: $2.09
If BRG meets the Goldman Sachs target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $26.86, suggesting upside of 3.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 32.00 cents and EPS of 80.00 cents.
At the last closing share price the estimated dividend yield is 1.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 81.2, implying annual growth of 5.1%.
Current consensus DPS estimate is 32.3, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 31.9.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 35.00 cents and EPS of 88.00 cents.
At the last closing share price the estimated dividend yield is 1.35%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.44.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 92.1, implying annual growth of 13.4%.
Current consensus DPS estimate is 35.3, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 28.1.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Petra Capital rates ((BRG)) as Hold (3) –
Petra Capital views Breville Group's 1H24 as mixed with volume growth sacrificed for price retention.
The broker highlights a 160 basis point strengthening of gross margins, helped by lower input costs and "well controlled" promotions.
Inventory levels at $380m were below consensus and down -$60m on June 2023.
Petra Capital lowers EPS forecasts by -2% and -6% for FY24 through to FY26, and considers Breville Group as a quality company with good long term growth prospects.
A Hold rating is retained and the target is lowered to $24 from $24.40.
This report was published on February 14, 2024.
Target price is $24.00 Current Price is $25.91 Difference: minus $1.91 (current price is over target).
If BRG meets the Petra Capital target it will return approximately minus 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $26.86, suggesting upside of 3.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Petra Capital forecasts a full year FY24 dividend of 32.00 cents and EPS of 80.20 cents.
At the last closing share price the estimated dividend yield is 1.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 81.2, implying annual growth of 5.1%.
Current consensus DPS estimate is 32.3, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 31.9.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 35.00 cents and EPS of 93.20 cents.
At the last closing share price the estimated dividend yield is 1.35%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.80.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 92.1, implying annual growth of 13.4%.
Current consensus DPS estimate is 35.3, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 28.1.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((BRG)) as Upgrade to Overweight from Market Weight (1) –
Wilsons were positive on the expansion in gross margins to 37.6% announced in Breville Group's 1H24 earnings report.
The analyst views the -8.5% sell-off in the share price as a reaction to the -5% miss on revenue as the company retained pricing and profit growth, ahead of discounting and volume growth.
Wilsons views the price fall as a good entry point with Breville Group well positioned for sales growth as new country launches and the tailwind of lower interest rates in the future boost consumer sentiment.
The target price is raised to $27.60 from $24.90 and the rating upgraded to Overweight from Market Weight.
This report was published on February 14, 2024.
Target price is $24.90 Current Price is $25.91 Difference: minus $1.01 (current price is over target).
If BRG meets the Wilsons target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $26.86, suggesting upside of 3.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 33.00 cents and EPS of 82.50 cents.
At the last closing share price the estimated dividend yield is 1.27%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 81.2, implying annual growth of 5.1%.
Current consensus DPS estimate is 32.3, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 31.9.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 37.00 cents and EPS of 97.80 cents.
At the last closing share price the estimated dividend yield is 1.43%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 92.1, implying annual growth of 13.4%.
Current consensus DPS estimate is 35.3, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 28.1.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CAR CAR GROUP LIMITED
Automobiles & Components – Overnight Price: $34.37
Goldman Sachs rates ((CAR)) as Neutral (3) –
Goldman Sachs delivers a sanguine review of CAR Group's 1H24 results.
The broker states company guidance remained unchanged, although domestic revenues were lifted.
Of note, media was better than expected, Dealer revenue growth was the highest post covid, and price increases in Korea and the US offset lower Private volumes domestically and higher costs.
Goldman Sachs adjusts EBITDA by 1% to 2% for FY24 to FY26. A Neutral rating is retained and the target price raised 3% to $33.
This report was published on February 12, 2024.
Target price is $33.00 Current Price is $34.37 Difference: minus $1.37 (current price is over target).
If CAR meets the Goldman Sachs target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $34.02, suggesting downside of -1.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 73.00 cents and EPS of 91.00 cents.
At the last closing share price the estimated dividend yield is 2.12%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 37.77.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.4, implying annual growth of -54.0%.
Current consensus DPS estimate is 67.8, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 41.2.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 81.00 cents and EPS of 1.00 cents.
At the last closing share price the estimated dividend yield is 2.36%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 3437.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 96.3, implying annual growth of 15.5%.
Current consensus DPS estimate is 78.1, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 35.7.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((CAR)) as Underweight (4) –
Another solid result from CAR Group for the 1H24 was not enough to deter Jarden from retaining an Underweight rating on valuation grounds.
Costs were higher than forecast but 18.4% revenue growth beat both consensus and the broker's estimates.
Looking ahead, Private has experienced a loss of share to Dealers, resulting in a small increase to Dealer revenue forecasts alongside a lift in media revenue.
Overseas, Jarden commends management for the execution on recent US and Brazilian acquisitions.
With a modest increase in EBITDA forecasts, the target price is raised to $29 from $27.50. Underweight rating.
This report was published on February 12, 2024.
Target price is $29.00 Current Price is $34.37 Difference: minus $5.37 (current price is over target).
If CAR meets the Jarden target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $34.02, suggesting downside of -1.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 74.50 cents and EPS of 91.20 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 37.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.4, implying annual growth of -54.0%.
Current consensus DPS estimate is 67.8, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 41.2.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 83.20 cents and EPS of 110.00 cents.
At the last closing share price the estimated dividend yield is 2.42%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 96.3, implying annual growth of 15.5%.
Current consensus DPS estimate is 78.1, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 35.7.
Market Sentiment: 0.2
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: $3.77
Jarden rates ((CLW)) as Underweight (4) –
Charter Hall Long WALE REIT's broadly in-line December-half result appears to have addressed one of Jarden's main concerns: gearing.
The broker is relieved that Charter Hall Long WALE REIT plans to sell -$650m of assets within the next six to 12 months, expecting this should help derisk the company.
While broadly neutral to earnings (given rising cap rates will still take their toll and the company's hedged profile remains an issue), the broker now considers the downside to be limited (albeit still spying greater upside elsewhere).
EPS forecasts rise 4.2% in FY24 and 6.1% in FY25 to reflect stronger leasing outcomes and the affect of asset disposals on mark-to-market.
Underweight rating retained. Target price rises 1.3% to $3.80 from $3.70.
This report was published on February 8, 2024.
Target price is $3.80 Current Price is $3.77 Difference: $0.03
If CLW meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $3.80, suggesting upside of 0.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 26.00 cents.
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 26.4, implying annual growth of N/A.
Current consensus DPS estimate is 26.6, implying a prospective dividend yield of 7.1%.
Current consensus EPS estimate suggests the PER is 14.3.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 26.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.8, implying annual growth of 1.5%.
Current consensus DPS estimate is 26.8, implying a prospective dividend yield of 7.1%.
Current consensus EPS estimate suggests the PER is 14.1.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CNB CARNABY RESOURCES LIMITED
Mining – Overnight Price: $0.58
Petra Capital rates ((CNB)) as Buy (1) –
Petra Capital highlights that Carnaby Resources is in early discussions with Hammer Metals ((HMX)), a Mt Isa copper explorer/developer regarding a potential deal, which Hammer Metals describes as a "potential merger".
A merger of the two companies with adjoining and prospective tenures and existing resources could create a much stronger entity, notes the analyst.
The Buy rating and target price of $1.50 are retained.
This report was published on February 15, 2024.
Target price is $1.50 Current Price is $0.58 Difference: $0.92
If CNB meets the Petra Capital target it will return approximately 159% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
COH COCHLEAR LIMITED
Medical Equipment & Devices – Overnight Price: $331.00
Jarden rates ((COH)) as Neutral (3) –
Cochlear has lifted its full year net profit guidance by 7.5% to $385-400m from $355-375m, bringing Jarden's guidance of $377m within range.
The company also reported first half revenue of $1,113m, reflecting 25% growth year-on-year, and net profits of $192m, up 36% year-on-year, both ahead of Jarden's expectations.
Although anticipating more colour on first half operations in the coming week, Jarden lifts its earnings per share forecasts through to FY26 by 5.9%, 3.4% and 4.2%, respectively,
The Neutral rating is retained and the target price increases to $237.17 from $229.20.
This report was published on February 8, 2024.
Target price is $237.17 Current Price is $331.00 Difference: minus $93.83 (current price is over target).
If COH meets the Jarden target it will return approximately minus 28% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $245.92, suggesting downside of -25.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 399.10 cents and EPS of 607.50 cents.
At the last closing share price the estimated dividend yield is 1.21%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 54.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 573.7, implying annual growth of 25.5%.
Current consensus DPS estimate is 392.5, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 57.7.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 495.40 cents and EPS of 715.30 cents.
At the last closing share price the estimated dividend yield is 1.50%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 46.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 647.2, implying annual growth of 12.8%.
Current consensus DPS estimate is 446.8, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 51.1.
Market Sentiment: -0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CPU COMPUTERSHARE LIMITED
Diversified Financials – Overnight Price: $26.08
Jarden rates ((CPU)) as Overweight (2) –
Computershare's 1H Management profit was broadly in line with market expectations, despite incremental margin income (MI) and tax rate headwinds, observes Jarden.
A stronger interim dividend of 40cps (compared to the consensus forecast for 38.1cps) is indicative of an increasingly strong balance sheet, according to the analysts.
Management left FY24 guidance for circa 7.5% constant FX Management EPS growth.
The broker's Overweight rating is unchanged, and the target price edges up to $27.90 from $27.85.
This report was published on February 14, 2024.
Target price is $27.90 Current Price is $26.08 Difference: $1.82
If CPU meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $28.63, suggesting upside of 9.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 126.50 cents and EPS of 178.52 cents.
At the last closing share price the estimated dividend yield is 4.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 179.3, implying annual growth of N/A.
Current consensus DPS estimate is 128.4, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 14.5.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 125.13 cents and EPS of 180.49 cents.
At the last closing share price the estimated dividend yield is 4.80%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 192.5, implying annual growth of 7.4%.
Current consensus DPS estimate is 137.7, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 13.5.
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
CSL CSL LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $282.89
Wilsons rates ((CSL)) as Downgrade to Market Weight from Overweight (3) –
Wilsons' takes a scalpel to CSL's earnings forecasts as the broker removes a $91 per share valuation for the cardiac drug CSL112, post the Phase 3 missing endpoint.
The broker notes to a strong 1H24 earnings report with a beat on both revenue and net profit, but considers the company is "over reliant" on IG.
Management retained FY24 net profit guidance of between US$2.9bn and US$3bn and re-affirmed double digit EPS growth over the medium term.
Wilsons is also downbeat on the Vifor acquisition and described the operation as a "starless division".
The stock is downgraded to Market Weight from Overweight and the target price lowered to $253.
This report was published on February 12, 2024.
Target price is $253.00 Current Price is $282.89 Difference: minus $29.89 (current price is over target).
If CSL meets the Wilsons target it will return approximately minus 11% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $316.73, suggesting upside of 12.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 408.01 cents and EPS of 927.80 cents.
At the last closing share price the estimated dividend yield is 1.44%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 941.0, implying annual growth of N/A.
Current consensus DPS estimate is 408.3, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 30.1.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 458.06 cents and EPS of 1057.33 cents.
At the last closing share price the estimated dividend yield is 1.62%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.76.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1188.3, implying annual growth of 26.3%.
Current consensus DPS estimate is 521.9, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 23.8.
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
CSR CSR LIMITED
Building Products & Services – Overnight Price: $6.68
Goldman Sachs rates ((CSR)) as Buy (1) –
After the recently announced bringing-forward of 3B settlements at CSR's Horsley Park development, due to faster completion of development works, Goldman Sachs leaves its $7.10 target unchanged.
The broker's earnings forecasts rise by 16% in FY24 and then fall by -12% in FY25.
When 3B settlements are combined with 3A settlements at Horsley Park, management now expects an additional $91m of earnings (EBIT) in FY24, which compares to prior guidance for $44m.
The Buy rating is maintained.
This report was published on February 12, 2024.
Target price is $7.10 Current Price is $6.68 Difference: $0.42
If CSR meets the Goldman Sachs target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $6.14, suggesting downside of -8.1%(ex-dividends)
The company's fiscal year ends in March.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 38.50 cents and EPS of 513.00 cents.
At the last closing share price the estimated dividend yield is 5.76%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 1.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 44.9, implying annual growth of -1.4%.
Current consensus DPS estimate is 33.2, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 14.9.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 29.00 cents and EPS of 39.00 cents.
At the last closing share price the estimated dividend yield is 4.34%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 38.3, implying annual growth of -14.7%.
Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 17.4.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
GUD G.U.D. HOLDINGS LIMITED
Automobiles & Components – Overnight Price: $11.00
Wilsons rates ((GUD)) as Overweight (1) –
G.U.D. Holdings's December-half earnings fell -3% shy of Wilsons' forecasts, albeit up 9% on the previous year. No specific guidance was provided.
Net debt fell -28% to $343m thanks to strong operating cash flow, sharply reducing gearing, thanks mainly to surprisingly strong earnings growth in the core auto division, observes the broker.
APG disappointed and the broker expects further headwinds while observing the division is still attractive to investors.
The broker downgrades its FY24 earnings estimates to align with the miss.
Overweight rating retained. Target price rises to $13.29 from $12.57.
This report was published on February 15, 2024.
Target price is $13.29 Current Price is $11.00 Difference: $2.29
If GUD meets the Wilsons target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $12.84, suggesting upside of 16.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 44.50 cents and EPS of 83.10 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 13.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 76.7, implying annual growth of 9.7%.
Current consensus DPS estimate is 43.8, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 14.3.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 53.00 cents and EPS of 93.40 cents.
At the last closing share price the estimated dividend yield is 4.82%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 86.7, implying annual growth of 13.0%.
Current consensus DPS estimate is 48.2, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 12.7.
Market Sentiment: 0.8
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: $6.91
Goldman Sachs rates ((ILU)) as Buy (1) –
Goldman Sachs has updated the demand/supply modeling for rare earths (NdPr) for the Chinese quota and the latest electric vehicle and wind demand.
Demand growth is expected to drop from 10% in 2023 to 5% in 2024, as well as a slight surplus over the medium term and market deficits over the long term.
The NdPr forecast is lowered to US$60/70kg from US$76/85kg. Only minor tweaks are made to Iluka Resources' earnings forecasts.
A Buy rating and $9.80 target are maintained.
This report was published on February 12, 2024.
Target price is $9.80 Current Price is $6.91 Difference: $2.89
If ILU meets the Goldman Sachs target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $7.89, suggesting upside of 14.2%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 7.00 cents and EPS of 63.00 cents.
At the last closing share price the estimated dividend yield is 1.01%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.97.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 67.5, implying annual growth of -53.1%.
Current consensus DPS estimate is 5.9, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 10.2.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 38.00 cents and EPS of 98.00 cents.
At the last closing share price the estimated dividend yield is 5.50%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 78.5, implying annual growth of 16.3%.
Current consensus DPS estimate is 13.5, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 8.8.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JAN JANISON EDUCATION GROUP LIMITED
Education & Tuition – Overnight Price: $0.34
Wilsons rates ((JAN)) as Market Weight (3) –
Janison Education's December-half result missed Wilsons' forecasts due to a disappointing performance from Business Units.
On the upside, Operating and Free Cash Outflow outpaced.
The underwhelming result follows hot on the heels of a record contract win for Janison with the NSW Department of Energy, which the broker believes will earn higher margins than previous business with the department given its hybrid nature.
Incoming CEO Sujata Stead begins in May and the broker is expecting a presentation on strategy in July or August.
FY24 EPS forecasts are downgraded and FY25 forecasts inch up.
Market Weight retained. Target price moves to 36c.
This report was published on February 12, 2024.
Target price is $0.36 Current Price is $0.34 Difference: $0.025
If JAN meets the Wilsons target it will return approximately 7% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 3.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 9.85.
Forecast for FY25:
Wilsons forecasts a full year FY25 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 67.00.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JBH JB HI-FI LIMITED
Consumer Electronics – Overnight Price: $64.02
Goldman Sachs rates ((JBH)) as Neutral (3) –
Goldman Sachs assesses the JB Hi-Fi 1H24 results as a beat, the company announcing a -19% fall in EBIT.
Gross margins for The Good Guys were higher than forecast and the cost of doing business improved via better occupancy costs and flexible working hours, highlights the broker.
JB Hi-Fi continues to gain market share and Goldman Sachs lifts EBIT forecasts for FY24 to FY26 by 3-4%.
A Neutral rating is retained and the target lifted to $56.50 from $54.10.
This report was published on February 12, 2024.
Target price is $56.50 Current Price is $64.02 Difference: minus $7.52 (current price is over target).
If JBH meets the Goldman Sachs target it will return approximately minus 12% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $56.25, suggesting downside of -12.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 256.00 cents and EPS of 390.00 cents.
At the last closing share price the estimated dividend yield is 4.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 380.8, implying annual growth of -20.7%.
Current consensus DPS estimate is 247.4, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 16.8.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 247.00 cents and EPS of 379.00 cents.
At the last closing share price the estimated dividend yield is 3.86%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.89.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 380.7, implying annual growth of -0.0%.
Current consensus DPS estimate is 237.8, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 16.8.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Jarden rates ((JBH)) as Underweight (4) –
JB Hi-Fi reported a crica -19% fall in 1H24 EBIT which was around 7% higher than consensus. According to Jarden, the quality of the earnings were impressive.
The better than expected results were achieved from market share gains and improved cost of doing business (CODB), which is the main factor for the 12% EPS increase in the broker's FY24 forecast.
Jarden assesses the company as very high quality and a world leader, but remains concerned around the potential for increased competition and the heavy exposure as a Telstra ((TLS)) reseller.
Underweight rating is unchanged and the target is lifted to $50.80 from $40.20.
This report was published on February 12, 2024.
Target price is $50.80 Current Price is $64.02 Difference: minus $13.22 (current price is over target).
If JBH meets the Jarden target it will return approximately minus 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $56.25, suggesting downside of -12.1%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 247.00 cents and EPS of 378.00 cents.
At the last closing share price the estimated dividend yield is 3.86%.
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 380.8, implying annual growth of -20.7%.
Current consensus DPS estimate is 247.4, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 16.8.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 240.00 cents and EPS of 368.40 cents.
At the last closing share price the estimated dividend yield is 3.75%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 380.7, implying annual growth of -0.0%.
Current consensus DPS estimate is 237.8, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 16.8.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
LYC LYNAS RARE EARTHS LIMITED
Rare Earth Minerals – Overnight Price: $5.69
Goldman Sachs rates ((LYC)) as Buy (1) –
Goldman Sachs has updated the demand/supply modeling for rare earths (NdPr) for the Chinese quota and the latest electric vehicle and wind demand.
Demand growth is expected to drop from 10% in 2023 to 5% in 2024, as well as a slight surplus over the medium term and market deficits over the long term.
The NdPr forecast is lowered to US$60/70kg from US$76/85kg.
Goldman Sachs lower EPS forecasts for Lynas Rare Earths by -36%, -28% and -17% for FY24, FY25 and FY26, respectively.
Buy rating is retained and the target price lowered to $7.20 from $7.50.
This report was published on February 12, 2024.
Target price is $7.20 Current Price is $5.69 Difference: $1.51
If LYC meets the Goldman Sachs target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $7.63, suggesting upside of 34.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 7.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 81.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.7, implying annual growth of -65.6%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 48.6.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 36.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.81.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.3, implying annual growth of 210.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 15.7.
Market Sentiment: 0.8
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: $2.27
Jarden rates ((MGR)) as Underweight (4) –
Describing Mirvac Group's first half result as "better than feared", Jarden expects the potential pick up in residential to now be the key driver for the stock.
While maintaining some concern around near-term settlements, the broker does believe the outlook should gradually improve over the coming 6-12 months.
It believes returns and growth should be attractive if the company can execute on its shift in capital allocation and cost discipline. Jarden predicts a 4% funds from operations compound annual growth rate through to FY27.
The Neutral rating is retained and the target price increases to $2.25 from $2.15.
This report was published on February 8, 2024.
Target price is $2.25 Current Price is $2.27 Difference: minus $0.02 (current price is over target).
If MGR 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 $2.53, suggesting upside of 11.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 10.50 cents and EPS of 14.10 cents.
At the last closing share price the estimated dividend yield is 4.63%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.9, implying annual growth of N/A.
Current consensus DPS estimate is 10.4, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 12.0.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 11.00 cents and EPS of 14.80 cents.
At the last closing share price the estimated dividend yield is 4.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.34.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.0, implying annual growth of 0.5%.
Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 11.9.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MMS MCMILLAN SHAKESPEARE LIMITED
Vehicle Leasing & Salary Packaging – Overnight Price: $17.40
Canaccord Genuity rates ((MMS)) as Initiation of coverage with Buy (1) –
Canaccord Genuity initiates coverage on McMillan Shakespeare with a positive view, largely driven by strong forecast earnings growth, and specifically in novated leasing.
The novated leasing segment, explains the broker, has good momentum and industry-wide growth drivers that include strong demand for novated leases on electric vehicles and a carry-over excess vehicle pipeline that will start to unwind as national supply normalises.
The broker anticipates modest negative earnings per share growth from the company in FY25, a result of the South Australian government contract loss, ahead of double-digit earnings per share growth in FY26.
The broker initiates with a Buy rating and a target price of $19.60.
This report was published on February 7, 2024.
Target price is $19.60 Current Price is $17.40 Difference: $2.2
If MMS meets the Canaccord Genuity target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $20.16, suggesting upside of 15.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 124.00 cents and EPS of 123.00 cents.
At the last closing share price the estimated dividend yield is 7.13%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.15.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 128.9, implying annual growth of 188.0%.
Current consensus DPS estimate is 115.8, implying a prospective dividend yield of 6.7%.
Current consensus EPS estimate suggests the PER is 13.5.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 120.00 cents and EPS of 121.00 cents.
At the last closing share price the estimated dividend yield is 6.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 132.9, implying annual growth of 3.1%.
Current consensus DPS estimate is 117.9, implying a prospective dividend yield of 6.8%.
Current consensus EPS estimate suggests the PER is 13.1.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NDO NIDO EDUCATION LIMITED
Childcare – Overnight Price: $0.98
Wilsons rates ((NDO)) as Overweight (1) –
Management at Nido Education has announced a refinancing of debt facilities, which is a partial de-risking event, according to Wilsons. The new debt structure will allow funding for execution of the pipeline (for acquiring centres) up to the end of FY26.
A bank guarantee will release the $9.9m in cash held as rental bonds, explains the analyst, and a new uncommitted facility will help fund centre acquisitions.
The broker's target increases by 6% to $1.41, driven by a roll-forward in valuation. Overweight.
This report was published on February 12, 2024.
Target price is $1.41 Current Price is $0.98 Difference: $0.43
If NDO meets the Wilsons target it will return approximately 44% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY23:
Wilsons forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 3.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 26.49.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 5.20 cents and EPS of 10.30 cents.
At the last closing share price the estimated dividend yield is 5.31%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.51.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
OCC ORTHOCELL LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $0.39
Petra Capital rates ((OCC)) as Buy (1) –
Petra Capital highlights Orthocell's application for Remplir's approval in the Singapore market as significant.
Although the US remains a focus with in excess of $100m in revenue upside if Remplir is US approved, Singapore approval would nevertheless be a considerable achievement for the company, says the analyst, with potential to open up other markets, such as Vietnam.
There are no changes to earnings forecasts.
Buy rating and $1.28 target retained.
This report was published on February 15, 2024.
Target price is $1.28 Current Price is $0.39 Difference: $0.895
If OCC meets the Petra Capital target it will return approximately 232% (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 minus 4.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 9.17.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 3.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 12.83.
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: $183.50
Jarden rates ((REA)) as Underweight (4) –
REA Group's December-half result slightly outpaced consensus forecasts and missed Jarden's forecast, the main highlight being a beat on operating expenditure.
Commercial & Developer and Finance also surprised to the upside.
But management upgraded cost guidance, disappointing Jarden, which is less certain of the potential to expand margins in the long term.
Underweight rating and $155 target price retained.
This report was published on February 9, 2024.
Target price is $155.00 Current Price is $183.50 Difference: minus $28.5 (current price is over target).
If REA meets the Jarden target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $172.74, suggesting downside of -5.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 189.50 cents and EPS of 347.20 cents.
At the last closing share price the estimated dividend yield is 1.03%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 52.85.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 340.9, implying annual growth of 26.4%.
Current consensus DPS estimate is 191.6, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 53.8.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 241.60 cents and EPS of 413.80 cents.
At the last closing share price the estimated dividend yield is 1.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 44.35.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 405.0, implying annual growth of 18.8%.
Current consensus DPS estimate is 230.8, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 45.3.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RIC RIDLEY CORPORATION LIMITED
Agriculture – Overnight Price: $2.54
Moelis rates ((RIC)) as Buy (1) –
Lower commodity prices proved a headwind for Ridley Corp in the first half, with the company reporting a lower than expected earnings result from its packaged feeds and ingredients segment of $31.5m, but bulk stockfeeds earnings exceeded expectations at $23.0m.
The latter represents 29% year-on-year growth, and was underpinned by market share gains by Ridley Corp, explains Moelis. According to the broker, the period reflects another strong period of growth for Ridley Corp, driven by continued strategy execution.
The Buy rating is retained and the target price decreases to $2.82 from $2.87.
This report was published on February 14, 2024.
Target price is $2.82 Current Price is $2.54 Difference: $0.28
If RIC meets the Moelis target it will return approximately 11% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 8.40 cents and EPS of 13.40 cents.
At the last closing share price the estimated dividend yield is 3.31%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.96.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 9.40 cents and EPS of 15.20 cents.
At the last closing share price the estimated dividend yield is 3.70%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.71.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((RIC)) as Overweight (1) –
Ridley Corp's December-half result managed to nose out Wilson's forecasts, thanks to continued improvements in efficiency, premiumisation and capacity expansion.
The solid result was struck in the face of flat Mono feed volumes and lower tallow prices, observes the broker.
Bulk Stockfeeds proved the star. Packaged & Ingredients missed the broker's forecasts due to a weak showing from Aqua.
Wilsons expects continued strength in Bulk Stockfeeds and Ruminant, and for Mono to recover, but observes rendering/tallow prices are likely to be volatile given renewable fuel refining investments overseas (the US has been the main problem for Ridley), and downgrades earnings.
The broker is not phased by the volatility, believing the long-term strategic value of the assets outweighs the negatives.
Overweight rating retained. Target price falls to $2.85 from $3.02
This report was published on February 15, 2024.
Target price is $2.85 Current Price is $2.54 Difference: $0.31
If RIC meets the Wilsons target it will return approximately 12% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 9.20 cents and EPS of 13.80 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 18.41.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 11.30 cents and EPS of 16.60 cents.
At the last closing share price the estimated dividend yield is 4.45%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.30.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RKN RECKON LIMITED
Accountancy – Overnight Price: $0.59
Petra Capital rates ((RKN)) as Buy (1) –
Reckon reported an 18.5% beat on net profit against Petra Capital's forecasts for FY23. Revenue was in line with the broker's forecast.
The Legal Group performed well but total cloud users declined -10% on the previous period as the free payroll app was discontinued in the Business Group.
The broker raises the FY24 profit forecast by 12.6% and FY25 EBITDA forecast by 3.8%.
The target price is raised 5 cents to $1.10 and the Buy rating unchanged.
This report was published on February 14, 2024.
Target price is $1.10 Current Price is $0.59 Difference: $0.505
If RKN meets the Petra Capital target it will return approximately 85% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY24:
Petra Capital forecasts a full year FY24 dividend of 2.50 cents and EPS of 4.10 cents.
At the last closing share price the estimated dividend yield is 4.20%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.51.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 3.00 cents and EPS of 4.90 cents.
At the last closing share price the estimated dividend yield is 5.04%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.14.
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: $4.47
Jarden rates ((RWC)) as Neutral (3) –
The -$160m price tag for Reliance Worldwide to acquire Holman Industries appears reasonable to Jarden and makes strategic sense.
Holman is a plumbing and watering products manufacturer and distributor with operations across Australia. The analysts suggest the deal should enhance the scale of Reliance's Australian operations and broaden the product offering.
The transaction will also result in end-market diversification, points out the broker, with retail and hardware exposure increasing to more than 40% of pro-forma sales.
The target rises to $4.10 from $3.95 and the Neutral rating is unchanged.
This report was published on February 14, 2024.
Target price is $4.10 Current Price is $4.47 Difference: minus $0.37 (current price is over target).
If RWC meets the Jarden target it will return approximately minus 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.16, suggesting downside of -7.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 11.98 cents and EPS of 24.12 cents.
At the last closing share price the estimated dividend yield is 2.68%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 27.4, implying annual growth of N/A.
Current consensus DPS estimate is 13.6, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 16.3.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 15.02 cents and EPS of 30.03 cents.
At the last closing share price the estimated dividend yield is 3.36%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.2, implying annual growth of 13.9%.
Current consensus DPS estimate is 16.0, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 14.3.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SEK SEEK LIMITED
Jobs & Skilled Labour Services – Overnight Price: $24.76
Jarden rates ((SEK)) as Buy (1) –
Jarden lowers its FY24-FY26 EPS forecasts for Seek by -20%, -13% and-12%, respectively, following 1H results which materially missed the consensus forecast. Management also downgraded FY24 guidance.
First half revenue and earnings fell year-on-year by -5% and -11% respectively. Earnings (EBITDA) and profit guidance for FY24 were downgraded by 6% and -15%, respectively, due to lower volumes across A&NZ and Asia, explains the broker.
While management's aspirational targets for FY28 remain, the analysts see risk that ongoing price increases may force some advertisers to rationalise their listings.
The Buy rating is kept and the target price falls to $29 from $29.60.
This report was published on February 14, 2024.
Target price is $29.00 Current Price is $24.76 Difference: $4.24
If SEK meets the Jarden target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $26.70, suggesting upside of 7.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 36.60 cents and EPS of 57.30 cents.
At the last closing share price the estimated dividend yield is 1.48%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 43.21.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 49.9, implying annual growth of -82.7%.
Current consensus DPS estimate is 36.0, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 49.6.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 52.00 cents and EPS of 80.00 cents.
At the last closing share price the estimated dividend yield is 2.10%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.95.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 70.5, implying annual growth of 41.3%.
Current consensus DPS estimate is 46.3, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 35.1.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SIQ SMARTGROUP CORPORATION LIMITED
Vehicle Leasing & Salary Packaging – Overnight Price: $9.55
Canaccord Genuity rates ((SIQ)) as Initiation of coverage with Buy (1) –
Canaccord Genuity initiates coverage on Smartgroup Corp with a positive view, largely driven by strong forecast earnings growth, and specifically in novated leasing.
The novated leasing segment, explains the broker, has good momentum and industry-wide growth drivers that include strong demand for novated leases on electric vehicles and a carry-over excess vehicle pipeline that will start to unwind as national supply normalises.
The broker expects Smartgroup Corp's recent material contract win with the South Australian government will contribute to earnings from the second half, estimating a $12m full year revenue impact.
The broker initiates with a Buy rating and a target price of $10.20.
This report was published on February 7, 2024.
Target price is $10.20 Current Price is $9.55 Difference: $0.65
If SIQ meets the Canaccord Genuity target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $9.49, suggesting downside of -0.7%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY23:
Canaccord Genuity forecasts a full year FY23 dividend of 47.00 cents and EPS of 49.00 cents.
At the last closing share price the estimated dividend yield is 4.92%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 47.4, implying annual growth of 4.6%.
Current consensus DPS estimate is 39.1, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 20.1.
Forecast for FY24:
Canaccord Genuity forecasts a full year FY24 dividend of 56.00 cents and EPS of 56.00 cents.
At the last closing share price the estimated dividend yield is 5.86%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 52.4, implying annual growth of 10.5%.
Current consensus DPS estimate is 44.4, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 18.2.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SKC SKYCITY ENTERTAINMENT GROUP LIMITED
Gaming – Overnight Price: $1.85
Jarden rates ((SKC)) as Buy (1) –
The Department of Internal Affairs (DIA and NZ regulator) announced an intention to file civil proceedings against SkyCity Entertainment in the High Court for non-compliance and Anti-Money Laundering and Countering Finance of Terrorism on February 16, which Jarden considers as "disappointing".
However, the lodgments are viewed by the broker as part of a process which will ultimately remove the uncertainty around the company.
Buy rating and NZ$3 target unchanged.
This report was published on February 12, 2024.
Target price is $3.00 Current Price is $1.85 Difference: $1.15
If SKC meets the Jarden target it will return approximately 62% (excluding dividends, fees and charges).
Current consensus price target is $3.20, suggesting upside of 73.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 12.97 cents and EPS of 16.67 cents.
At the last closing share price the estimated dividend yield is 7.01%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.8, implying annual growth of N/A.
Current consensus DPS estimate is 11.3, implying a prospective dividend yield of 6.1%.
Current consensus EPS estimate suggests the PER is 11.7.
Forecast for FY25:
Current consensus EPS estimate is 19.0, implying annual growth of 20.3%.
Current consensus DPS estimate is 13.9, implying a prospective dividend yield of 7.5%.
Current consensus EPS estimate suggests the PER is 9.7.
This company reports in NZD. 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
STX STRIKE ENERGY LIMITED
NatGas – Overnight Price: $0.32
Petra Capital rates ((STX)) as Hold (3) –
Petra Capital considers the failure of gas to flow at Strike Energy's SE-3 well in the Perth basin and points to possible water contact due to the depth of the field.
The analyst is also not upbeat on the SE-2 well and flow performance which is to be tested in 5-days, due to poor initial data.
The target price is lowered to 31cents from 42 cents and a Hold rating is maintained.
This report was published on February 14, 2024.
Target price is $0.31 Current Price is $0.32 Difference: minus $0.005 (current price is over target).
If STX meets the Petra Capital target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.45, suggesting upside of 43.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Petra Capital forecasts a full year FY24 EPS of 1.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.64.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 52.5.
Forecast for FY25:
Petra Capital forecasts a full year FY25 EPS of 1.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.7, implying annual growth of 183.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.5.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Wilsons rates ((STX)) as Overweight (1) –
Wilsons is reconsidering the rating and target for Strike Energy, post the operational issues and water formation impact at SE-3, resulting in unsuccessful flowing.
The analyst believes over-drilling has caused the issues for the flow test and highlights the company will move to SE-2 and start a test flow over the next 5-days.
The Overweight rating and 53 cent target price are under review.
This report was published on February 13, 2024.
Target price is $0.53 Current Price is $0.32 Difference: $0.215
If STX meets the Wilsons target it will return approximately 68% (excluding dividends, fees and charges).
Current consensus price target is $0.45, suggesting upside of 43.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 39.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 52.5.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.58.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.7, implying annual growth of 183.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.5.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SYA SAYONA MINING LIMITED
New Battery Elements – Overnight Price: $0.05
Petra Capital rates ((SYA)) as Buy (1) –
Petra Capital assesses Sayona Mining for the ongoing weakness in lithium prices, which the analyst perceives as "bottom of the cycle levels".
Sayona Mining will not be going ahead with Moblan or further capital intensive projects at current spodumene price levels.
Nevertheless, the analyst views the company as offering the lowest value for ASX listed producers and cheaper than a lot of the explorers and developers.
Buy rating and 15 cent price target remain unchanged.
This report was published on February 15, 2024.
Target price is $0.15 Current Price is $0.05 Difference: $0.099
If SYA meets the Petra Capital target it will return approximately 194% (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 minus 0.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 25.50.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TCL TRANSURBAN GROUP LIMITED
Infrastructure & Utilities – Overnight Price: $12.94
Jarden rates ((TCL)) as Underweight (4) –
Transurban Group's December-half revenue missed consensus' and Jarden's forecasts due to a weaker than expected traffic recovery in Australia, but earnings were in line thanks to a stronger operational performance.
Weather, port disruption and construction were the main culprits behind the traffic miss.
Dividend guidance was retained, and the broker observes the company's 4.7% yield still outpaces the Australian 10-year bond yield, albeit the spread has narrowed from its historical five-year average.
Underweight rating retained. Target price falls to $12.70 from $12.90 to reflect a small increase in debt and gearing.
This report was published on February 8, 2024.
Target price is $12.70 Current Price is $12.94 Difference: minus $0.24 (current price is over target).
If TCL meets the Jarden target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $13.96, suggesting upside of 7.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 62.00 cents and EPS of 17.50 cents.
At the last closing share price the estimated dividend yield is 4.79%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 73.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 23.6, implying annual growth of 1034.6%.
Current consensus DPS estimate is 62.8, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 54.8.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 63.60 cents and EPS of 26.80 cents.
At the last closing share price the estimated dividend yield is 4.91%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 48.28.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 30.2, implying annual growth of 28.0%.
Current consensus DPS estimate is 64.8, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 42.8.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TPW TEMPLE & WEBSTER GROUP LIMITED
Furniture & Renovation – Overnight Price: $12.05
Petra Capital rates ((TPW)) as Buy (1) –
Temple & Webster's 1H24 results revealed much better than expected revenue growth of 23% year-on-year, noted Petra Capital.
The company also boosted market share, as represented by a 16% lift in active customers and a 35% rise in first time customers.
Management reconfirmed the $1billion revenue guidance by FY26-FY28 and net cash rose to $114m from $103m at the end of FY23.
Petra Capital raises the EPS forecasts by 3.8%,5.9% and 4% for FY24. FY25 and FY26, respectively.
The broker's Buy rating is maintained and the target price lifted to $12.00 from $9.20.
This report was published on February 14, 2024.
Target price is $12.00 Current Price is $12.05 Difference: minus $0.05 (current price is over target).
If TPW meets the Petra Capital target it will return approximately minus 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $11.91, suggesting downside of -1.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Petra Capital forecasts a full year FY24 dividend of 0.00 cents and EPS of 4.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 301.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.6, implying annual growth of -32.6%.
Current consensus DPS estimate is 0.1, implying a prospective dividend yield of 0.0%.
Current consensus EPS estimate suggests the PER is 262.0.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 223.15.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 8.1, implying annual growth of 76.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 148.8.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
VSL VULCAN STEEL LIMITED
Steel & Scrap – Overnight Price: $7.31
Jarden rates ((VSL)) as Neutral (3) –
In what Jarden terms a "relief update", in-line 1H results by Vulcan Steel indicated sector conditions seem to have stopped deteriorating.
Management provided no FY24 earnings (EBITDA) guidance, but is looking for a lift from current trough levels from Q4 of FY24 or Q1 of FY25 as water infrastructure projects, in particular, return. Engineering projects have also been repriced,
The company noted the 2H has begun well, with January and early-February improving on Q2 of FY24, although trading was softer than the first four months of H1 FY24.
Neutral rating retained. Target price falls to NZ$7.70 from NZ$7.80.
This report was published on February 14, 2024.
Current Price is $7.31. Target price not assessed.
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 24.08 cents and EPS of 37.04 cents.
At the last closing share price the estimated dividend yield is 3.29%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.73.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 40.56 cents and EPS of 54.08 cents.
At the last closing share price the estimated dividend yield is 5.55%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.52.
This company reports in NZD. 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
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CHARTS
For more info SHARE ANALYSIS: ACE - ACUSENSUS LIMITED
For more info SHARE ANALYSIS: ANZ - ANZ GROUP HOLDINGS LIMITED
For more info SHARE ANALYSIS: AZJ - AURIZON HOLDINGS LIMITED
For more info SHARE ANALYSIS: BLD - BORAL LIMITED
For more info SHARE ANALYSIS: BPT - BEACH ENERGY LIMITED
For more info SHARE ANALYSIS: BRG - BREVILLE GROUP LIMITED
For more info SHARE ANALYSIS: CAR - CAR GROUP LIMITED
For more info SHARE ANALYSIS: CLW - CHARTER HALL LONG WALE REIT
For more info SHARE ANALYSIS: CNB - CARNABY RESOURCES LIMITED
For more info SHARE ANALYSIS: COH - COCHLEAR LIMITED
For more info SHARE ANALYSIS: CPU - COMPUTERSHARE LIMITED
For more info SHARE ANALYSIS: CSL - CSL LIMITED
For more info SHARE ANALYSIS: CSR - CSR LIMITED
For more info SHARE ANALYSIS: GUD - G.U.D. HOLDINGS LIMITED
For more info SHARE ANALYSIS: HMX - HAMMER METALS LIMITED
For more info SHARE ANALYSIS: ILU - ILUKA RESOURCES LIMITED
For more info SHARE ANALYSIS: JAN - JANISON EDUCATION GROUP LIMITED
For more info SHARE ANALYSIS: JBH - JB HI-FI LIMITED
For more info SHARE ANALYSIS: LYC - LYNAS RARE EARTHS LIMITED
For more info SHARE ANALYSIS: MGR - MIRVAC GROUP
For more info SHARE ANALYSIS: MMS - MCMILLAN SHAKESPEARE LIMITED
For more info SHARE ANALYSIS: NDO - NIDO EDUCATION LIMITED
For more info SHARE ANALYSIS: OCC - ORTHOCELL LIMITED
For more info SHARE ANALYSIS: REA - REA GROUP LIMITED
For more info SHARE ANALYSIS: RIC - RIDLEY CORPORATION LIMITED
For more info SHARE ANALYSIS: RKN - RECKON LIMITED
For more info SHARE ANALYSIS: RWC - RELIANCE WORLDWIDE CORP. LIMITED
For more info SHARE ANALYSIS: SEK - SEEK LIMITED
For more info SHARE ANALYSIS: SIQ - SMARTGROUP CORPORATION LIMITED
For more info SHARE ANALYSIS: SKC - SKYCITY ENTERTAINMENT GROUP LIMITED
For more info SHARE ANALYSIS: STX - STRIKE ENERGY LIMITED
For more info SHARE ANALYSIS: SYA - SAYONA MINING LIMITED
For more info SHARE ANALYSIS: TCL - TRANSURBAN GROUP LIMITED
For more info SHARE ANALYSIS: TLS - TELSTRA GROUP LIMITED
For more info SHARE ANALYSIS: TPW - TEMPLE & WEBSTER GROUP LIMITED
For more info SHARE ANALYSIS: VSL - VULCAN STEEL LIMITED