Daily Market Reports | Oct 31 2024
This story features AUSSIE BROADBAND LIMITED, and other companies. For more info SHARE ANALYSIS: ABB
An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.
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COMPANIES DISCUSSED IN THIS ISSUE
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
ABB BKT BSL BXB (2) CIP CMM (2) CUV CXO (2) EVN FCL FMG GOZ IFL IGO KAR (2) NST (2) REH RMD RRL RWC SDR SM1 SOM STX SUL (3) VAU (2) WHC WTC
ABB AUSSIE BROADBAND LIMITED
Telecommunication – Overnight Price: $3.76
Wilsons rates ((ABB)) as Market Weight (3) –
Wilsons comments Aussie Broadband has posted a solid Sep Q result, featuring several wholesale wins, and reiterated FY25 guidance. While directionally all positive, there could still be some sticker-shock’ as Origin’s growth rates come out, Wilsons warns.
The broker would also like to see further proof that Buddy isn’t resulting in material cannibalisation from Aussie’s existing customers. Nonetheless, on an initial view, Wilsons’ Dec Q estimates currently look achievable.
Market Weight and $3.62 target retained.
This report was published on October 25, 2024.
Target price is $3.62 Current Price is $3.76 Difference: minus $0.14 (current price is over target).
If ABB 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 $4.19, suggesting upside of 11.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 4.40 cents and EPS of 13.00 cents.
At the last closing share price the estimated dividend yield is 1.17%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 28.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.3, implying annual growth of 57.1%.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 24.6.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 5.70 cents and EPS of 17.70 cents.
At the last closing share price the estimated dividend yield is 1.52%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 20.9, implying annual growth of 36.6%.
Current consensus DPS estimate is 5.0, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 18.0.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BKT BLACK ROCK MINING LIMITED
New Battery Elements – Overnight Price: $0.05
Petra Capital rates ((BKT)) as Buy (1) –
Black Rock Mining remains one of the few natural graphite developers that would be strongly profitable even at today’s prices, points out Petra Capital.
Commenting on 1Q results, the analyst notes the company’s large flake graphite prices have strengthened, counteracting weak graphite fines prices, with basket pricing rising to around US$1,000/t.
The broker highlights that with offtake agreements secured and C1 costs expected below US$500/t, the company maintains profitability even amid price fluctuations.
The analyst retains a Buy rating and a target price of 21c, citing secured funding arrangements and supportive graphite market conditions.
This report was published on October 30, 2024.
Target price is $0.21 Current Price is $0.05 Difference: $0.158
If BKT meets the Petra Capital target it will return approximately 304% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 52.00.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 17.33.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BSL BLUESCOPE STEEL LIMITED
Steel & Scrap – Overnight Price: $20.53
Jarden rates ((BSL)) as Downgrade to Neutral from Overweight (3) –
BlueScope Steel has issued a first half earnings guidance downgrade of -25% as steel spreads and inflationary costs weigh on earnings. Unfortunately, suggests Jarden, it appears operating performances have exacerbated weaker steel spreads.
North Star’s expected volume improvements have yet to offset lower-than-expected spreads, while its coatings business’s performance remains below the company’s expectations.
Whie surprisingly still experiencing steady demand in Australia, lower spreads, higher energy costs and non-cash accounting adjustments are suppressing returns, Jarden notes. No recovery has been noted across either NZ or the Asian operations.
A cost-out program is pending. Jarden remains constructive long term and confident BlueScope can respond to short-term cyclical pressures while building higher, less volatile earnings streams via a disciplined capital allocation process over time.
Target falls to $21.90 from $23.00, downgrade to Neutral from Overweight.
This report was published on October 30, 2024.
Target price is $21.90 Current Price is $20.53 Difference: $1.37
If BSL meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $22.54, suggesting upside of 9.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 55.00 cents and EPS of 72.30 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 28.40.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 114.9, implying annual growth of -36.2%.
Current consensus DPS estimate is 58.3, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 17.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 156.00 cents.
At the last closing share price the estimated dividend yield is 2.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 192.9, implying annual growth of 67.9%.
Current consensus DPS estimate is 60.0, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 10.6.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BXB BRAMBLES LIMITED
Transportation & Logistics – Overnight Price: $18.30
Goldman Sachs rates ((BXB)) as Sell (5) –
Goldman Sachs maintains a Sell rating on Brambles and raises the target price by 3% to $16.30, reflecting updated FY25 earnings estimates post updated 1Q25 results.
The broker highlights ongoing elevated capex requirements and the risk of losing Costco’s legacy business if the latter transitions to plastic pallets.
The broker’s valuation appears pressured by cash flow challenges and the likelihood of future capital investments.
This report was published on October 24, 2024.
Target price is $16.30 Current Price is $18.30 Difference: minus $2 (current price is over target).
If BXB meets the Goldman Sachs target it will return approximately minus 11% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $19.01, suggesting upside of 3.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 93.56 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 95.0, implying annual growth of N/A.
Current consensus DPS estimate is 59.6, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 19.3.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 EPS of 104.12 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.58.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 105.8, implying annual growth of 11.4%.
Current consensus DPS estimate is 69.5, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 17.3.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((BXB)) as Overweight (2) –
Brambles has reported Sep Q revenue growth of 3%, requiring a decent acceleration in revenue growth for the balance of FY25 to meet its 4-6% guidance, Jarden notes.
Pricing remains strong and has continued to be the primary driver of revenue growth across Brambles’ key operating regions, the broker highlights.
It increasingly appears to the broker as though the FY25 outlook will have a second half skew. Jarden still sees overall profitability for Brambles being supported by the normalisation of IPEP charges in conjunction with cost-to-serve benefits and network efficiency initiatives.
Overweight and $17.90 target retained.
This report was published on October 24, 2024.
Target price is $17.90 Current Price is $18.30 Difference: minus $0.4 (current price is over target).
If BXB 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 $19.01, suggesting upside of 3.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 83.90 cents and EPS of 92.95 cents.
At the last closing share price the estimated dividend yield is 4.58%.
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 95.0, implying annual growth of N/A.
Current consensus DPS estimate is 59.6, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 19.3.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 91.14 cents and EPS of 101.10 cents.
At the last closing share price the estimated dividend yield is 4.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 105.8, implying annual growth of 11.4%.
Current consensus DPS estimate is 69.5, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 17.3.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CIP CENTURIA INDUSTRIAL REIT
REITs – Overnight Price: $3.06
Moelis rates ((CIP)) as Buy (1) –
Moelis highlights Centuria Industrial REIT reported strong re-leasing spreads of 54% on recent agreements, underscoring the resilience of its infill industrial assets.
The REIT experienced 97.2% occupancy with a weighted average lease expiry of 7.5 years at the 1Q25 quarterly update.
Moelis expects continued growth through three development projects slated for FY25 and Centuria divested two properties at a 5% premium to book value, further supporting its asset valuation.
No changes to the analyst’s forecasts. Buy rated with $3.72 target price.
This report was published on October 29, 2024.
Target price is $3.72 Current Price is $3.06 Difference: $0.66
If CIP meets the Moelis target it will return approximately 22% (excluding dividends, fees and charges).
Current consensus price target is $3.51, suggesting upside of 14.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 16.20 cents and EPS of 17.60 cents.
At the last closing share price the estimated dividend yield is 5.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.7, implying annual growth of 133.5%.
Current consensus DPS estimate is 16.2, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 17.3.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 16.50 cents and EPS of 18.10 cents.
At the last closing share price the estimated dividend yield is 5.39%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.91.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.1, implying annual growth of 2.3%.
Current consensus DPS estimate is 16.5, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 16.9.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CMM CAPRICORN METALS LIMITED
Gold & Silver – Overnight Price: $6.31
Goldman Sachs rates ((CMM)) as Neutral (3) –
Capricorn Metals reported Q1 FY25 production of 26koz at a cost (AISC) of $1,647/oz, with cash costs slightly above expectations but offset by high realised pricing, explains Goldman Sachs.
The Karlawinda project showed stabilised recoveries following operational improvements, and the Mt. Gibson project is progressing with infrastructure development on track, highlight the analysts.
Goldman Sachs maintains a Neutral rating and a price target of $6.15, noting valuation concerns despite stable cash and the potential for future production expansion.
This report was published on October 29, 2024.
Target price is $6.15 Current Price is $6.31 Difference: minus $0.16 (current price is over target).
If CMM meets the Goldman Sachs target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.90, suggesting upside of 9.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 44.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.34.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.3, implying annual growth of 56.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 17.4.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 37.00 cents.
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 178.3, implying annual growth of 391.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 3.5.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((CMM)) as Buy (1) –
A final investment decision pertaining to the mooted Karlawinda expansion was not expected to be made until the March quarter of 2025, Jarden notes.
However, Capricorn Metals has announced it will proceed with increasing the scale of the Karlawinda operation to 6.5mtpa.
Introduction of the $20m of front-end engineering design costs into FY25 leaves Jarden’s earnings forecasts largely unchanged and the balance of construction capex in FY26 reduces earnings by -5%.
The broker maintains a Buy rating due to the looming key catalysts of Mt Gibson Gold completing final work programs plus updated reserves and resources for the project. Target rises to $7.03 from $6.73.
This report was published on October 30, 2024.
Target price is $7.03 Current Price is $6.31 Difference: $0.72
If CMM meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $6.90, suggesting upside of 9.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 36.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.34.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.3, implying annual growth of 56.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 17.4.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 7.00 cents and EPS of 30.70 cents.
At the last closing share price the estimated dividend yield is 1.11%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.55.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 178.3, implying annual growth of 391.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 3.5.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CUV CLINUVEL PHARMACEUTICALS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $14.40
Moelis rates ((CUV)) as Buy (1) –
While updating for both the AGM and the more distant FY24 result, Moelis observes Clinuvel Pharmaceuticals’ expansion into the vitiligo treatment market should drive long-term growth, but cautions around significant potential delays in trial timelines.
Revenue growth in FY24 was driven by volume growth in both the EU and the US for Clinuval’s core erythropoietic protoporphyria (EPP) market.
If trials are successful, commercialisation in the vitiligo market could unlock substantial revenue, with a potential launch by FY28, highlights the analyst.
The broker retains a Buy rating with a $23.00 target, suggesting the market may be undervaluing Clinuvel’s progress in the vitiligo sector. Buy rating.
This report was published on October 30, 2024.
Target price is $23.00 Current Price is $14.40 Difference: $8.6
If CUV meets the Moelis target it will return approximately 60% (excluding dividends, fees and charges).
Current consensus price target is $19.08, suggesting upside of 32.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 5.60 cents and EPS of 74.30 cents.
At the last closing share price the estimated dividend yield is 0.39%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 77.2, implying annual growth of 8.0%.
Current consensus DPS estimate is 6.3, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 18.7.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 5.70 cents and EPS of 75.00 cents.
At the last closing share price the estimated dividend yield is 0.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.20.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 76.6, implying annual growth of -0.8%.
Current consensus DPS estimate is 6.0, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 18.8.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CXO CORE LITHIUM LIMITED
New Battery Elements – Overnight Price: $0.12
Goldman Sachs rates ((CXO)) as Neutral (3) –
Goldman Sachs highlights Core Lithium has shifted to full care and maintenance at the Finniss project, retaining a strategic stockpile of 5.2kt of spodumene concentrate and 75kt of lithium fines, which was announced at 1Q25 update.
The company’s cash reserves fell to $61m after one-off costs, and further outflows are expected for site maintenance and exploration.
The restart study, focused on optimisation and integrating BP33, is due 2H25, with management exploring funding options.
Neutral rating and 9c target price unchanged.
This report was published on October 24, 2024.
Target price is $0.09 Current Price is $0.12 Difference: minus $0.025 (current price is over target).
If CXO meets the Goldman Sachs target it will return approximately minus 22% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.09, suggesting downside of -21.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 11.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -0.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -1.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((CXO)) as Sell (5) –
“Give me a reason, ” says Jarden, as it retains a Sell rating on Core Lithium post its Sep Q update. The miner’s Finniss lithium operation remains on care and maintenance.
The broker comments the reserves statement released last month provided the early framework for a restart, inclusive of refreshed unit cost and capex assumptions.
Jarden’s revised modelling following the Sep Q release introduces an estimated need for some -$250m in new funding and working capital. Target falls to 7c from 8c.
This report was published on October 24, 2024.
Target price is $0.07 Current Price is $0.12 Difference: minus $0.045 (current price is over target).
If CXO meets the Jarden target it will return approximately minus 39% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.09, suggesting downside of -21.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 19.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -0.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 19.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -1.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EVN EVOLUTION MINING LIMITED
Gold & Silver – Overnight Price: $5.23
Jarden rates ((EVN)) as Underweight (4) –
Jarden maintains an Underweight rating on Evolution Mining and raises the 12-month target price to $3.54 from $3.25, reflecting increased value in undeveloped resources, primarily through new findings at Northparkes and Cowal.
Quarterly production surpassed expectations with gold and copper outputs exceeding forecasts, despite rising costs at Ernest Henry due to lower head grades and operational shutdowns. all-in-sustaining-costs improved, though high capex remains a concern.
EPS forecasts are modestly adjusted for FY25-FY27.
Underweight. Target price $3.54.
This report was published on October 22, 2024.
Target price is $3.54 Current Price is $5.23 Difference: minus $1.69 (current price is over target).
If EVN meets the Jarden target it will return approximately minus 32% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.45, suggesting downside of -14.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 30.00 cents.
At the last closing share price the estimated dividend yield is 1.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.43.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.4, implying annual growth of 42.6%.
Current consensus DPS estimate is 10.9, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 16.7.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 8.00 cents and EPS of 24.70 cents.
At the last closing share price the estimated dividend yield is 1.53%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.1, implying annual growth of 11.8%.
Current consensus DPS estimate is 12.0, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 14.9.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
FCL FINEOS CORPORATION HOLDINGS PLC
Cloud services – Overnight Price: $1.35
Moelis rates ((FCL)) as Buy (1) –
Fineos Corp released its Q3 report showing steady progress, with operating cash flow at EUR2.8m, in line with typical seasonal performance, explains Moelis.
The company held EUR29m in cash at quarter’s end, preparing for a typically weaker December quarter but is targeting positive free cash flow in FY25.
Fineos doubled its preferred vendor positions in North America, supporting growth in its Absence and Claims software sales pipeline.
Moelis retains a Buy rating with a target price of $1.80, citing confidence in ongoing efficiencies and a positive sales outlook.
This report was published on October 29, 2024.
Target price is $1.80 Current Price is $1.35 Difference: $0.45
If FCL meets the Moelis target it will return approximately 33% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 5.41 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 24.94.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 2.63 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 51.43.
This company reports in EUR. 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
FMG FORTESCUE LIMITED
Iron Ore – Overnight Price: $19.19
Goldman Sachs rates ((FMG)) as Sell (5) –
Fortescue’s 1Q25 results show a 10% increase in hematite costs, now at US$20/t, attributed to higher strip ratios and inflation, with reduced realised prices for both hematite and magnetite.
Goldman Sachs notes Iron Bridge production was constrained by water limitations, affecting magnetite output while increased capex needs and capital allocation towards green hydrogen and decarbonisation remain notable, as the company aims to scale these projects by 2025.
The broker revises down EPS forecast for FY25 by -1% and lifts FY26 EPS estimate by 9% due to changes in cost assumptions and market factors.
Goldman Sachs retains a Sell rating, adjusting the target price upward to $15.40 from $15.10 in reflection of higher hematite realisations and updates to iron ore price forecasts.
This report was published on October 24, 2024.
Target price is $15.40 Current Price is $19.19 Difference: minus $3.79 (current price is over target).
If FMG meets the Goldman Sachs target it will return approximately minus 20% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $18.26, suggesting downside of -4.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 69.41 cents and EPS of 117.70 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 16.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 169.3, implying annual growth of N/A.
Current consensus DPS estimate is 82.9, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 11.3.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 63.38 cents and EPS of 128.26 cents.
At the last closing share price the estimated dividend yield is 3.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 159.0, implying annual growth of -6.1%.
Current consensus DPS estimate is 80.0, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 12.1.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GOZ GROWTHPOINT PROPERTIES AUSTRALIA
Infra & Property Developers – Overnight Price: $2.63
Moelis rates ((GOZ)) as Buy (1) –
Growthpoint Properties Australia reported a “solid” quarterly update reflecting approximately 96,000 sqm of completed leasing across the portfolio, Moelis notes.
The portfolio has a weighted average lease expiry of 5.8 years, boosted by a key tenant’s exercise of a five-year option.
Despite minor occupancy declines in the office segment, demand in Brisbane remains robust, the broker observes, and recent asset sales and capital release initiatives have reduced gearing to 37.9% from 41.7%.
Management retains FY25 guidance. Buy. Target price $3.32.
This report was published on October 29, 2024.
Target price is $3.32 Current Price is $2.63 Difference: $0.69
If GOZ meets the Moelis target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $2.65, suggesting upside of 0.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 20.30 cents and EPS of 22.50 cents.
At the last closing share price the estimated dividend yield is 7.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.8, implying annual growth of N/A.
Current consensus DPS estimate is 19.3, implying a prospective dividend yield of 7.3%.
Current consensus EPS estimate suggests the PER is 13.3.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 18.50 cents and EPS of 23.70 cents.
At the last closing share price the estimated dividend yield is 7.03%.
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 20.4, implying annual growth of 3.0%.
Current consensus DPS estimate is 18.7, implying a prospective dividend yield of 7.1%.
Current consensus EPS estimate suggests the PER is 12.9.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IFL INSIGNIA FINANCIAL LIMITED
Wealth Management & Investments – Overnight Price: $3.25
Jarden rates ((IFL)) as Overweight (2) –
Whilst Insignia Financial’s funds under management & advice rose by 2.7% over the Sep Q, it was -0.6% below Jarden’s forecast as a result of softer net flows and returns, particularly in the Asset Management segment.
On Platforms, although net flows including pensions continue to constrain funds under advice growth, Jarden believes the flow outlook is well underpinned by recent MasterKey pricing changes and growing demand for managed account capabilities.
Overall, with Insignia trading on an 8x forward PE and offering further upside from cost-out execution, improving platform net inflows, and potential Quality of Advice tailwinds, Jarden retains an Overweight rating on medium-term prospects. Target falls to $3.25 from $3.30.
This report was published on October 24, 2024.
Target price is $3.25 Current Price is $3.25 Difference: $0
If IFL meets the Jarden target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $2.92, suggesting downside of -10.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 36.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.98.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.8, implying annual growth of N/A.
Current consensus DPS estimate is 7.3, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 9.1.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 26.80 cents and EPS of 38.60 cents.
At the last closing share price the estimated dividend yield is 8.25%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.1, implying annual growth of -2.0%.
Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 9.3.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IGO IGO LIMITED
Nickel – Overnight Price: $5.27
Goldman Sachs rates ((IGO)) as Buy (1) –
IGO’s Q1 FY25 report highlights a strong performance at Greenbushes with spodumene production of 406kt driven by higher throughput and better recovery rates, explains Goldman Sachs.
Cash costs improved to $277/t, supporting free cash flow, while realised pricing on lithium products was below the analysts’ expectations due to timing and softer technical-grade demand.
No dividend from the TLEA joint venture was announced, though dividends are expected to resume next quarter.
Goldman Sachs retains a Buy rating. The target falls by -3% to $6.20. The broker points to ongoing improvements at Greenbushes and potential for enhanced output with Kwinana Train 1 adjustments.
This report was published on October 29, 2024.
Target price is $6.20 Current Price is $5.27 Difference: $0.93
If IGO meets the Goldman Sachs target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $5.69, suggesting upside of 8.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 5.00 cents and EPS of minus 8.00 cents.
At the last closing share price the estimated dividend yield is 0.95%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 65.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.0, implying annual growth of 440.5%.
Current consensus DPS estimate is 7.4, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 263.5.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 2.00 cents and EPS of 7.00 cents.
At the last closing share price the estimated dividend yield is 0.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 75.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.7, implying annual growth of 835.0%.
Current consensus DPS estimate is 9.7, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 28.2.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
KAR KAROON ENERGY LIMITED
Crude Oil – Overnight Price: $1.37
Goldman Sachs rates ((KAR)) as Buy (1) –
Goldman Sachs observes 3Q2024 results for Karoon Energy. The company reported stable production but lower-than-expected sales volume, primarily due to crude shipment timing.
Production guidance for 2024 was narrowed to 10.5-10.8 mmboe, with capex guidance reduced by -US$13m on deferred Neon study spending.
Management announced an additional US$25m buyback with the broker looking to potential catalysts from a Who Dat East resource update and exploration at Who Dat South, with possible resource expansion.
Buy rating with $2.03 target price.
This report was published on October 24, 2024.
Target price is $2.03 Current Price is $1.37 Difference: $0.66
If KAR meets the Goldman Sachs target it will return approximately 48% (excluding dividends, fees and charges).
Current consensus price target is $2.25, suggesting upside of 64.1%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 12.53 cents and EPS of 42.25 cents.
At the last closing share price the estimated dividend yield is 9.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.9, implying annual growth of N/A.
Current consensus DPS estimate is 10.2, implying a prospective dividend yield of 7.4%.
Current consensus EPS estimate suggests the PER is 3.6.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 10.87 cents and EPS of 36.22 cents.
At the last closing share price the estimated dividend yield is 7.93%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 34.7, implying annual growth of -8.4%.
Current consensus DPS estimate is 11.3, implying a prospective dividend yield of 8.2%.
Current consensus EPS estimate suggests the PER is 3.9.
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
Jarden rates ((KAR)) as Buy (1) –
It was a solid quarter from Karoon Energy, Jarden suggests, with a second US$25m out-of-cycle share buyback announced. Unsurprisingly, Karoon narrowed its 2024 production guidance towards the lower end of the prior range, though Brazil performance has improved in recent weeks.
Jarden’s production forecasts are largely unchanged, though the broker removes value attributed to Neon, more than offsetting the impact of the buyback on valuation.
Karoon remains highly leveraged to oil; a US$10/bbl change in oil price changes Jarden’s valuation by 50cps. Target falls to $2.05 from $2.10, Buy retained.
This report was published on October 25, 2024.
Target price is $2.05 Current Price is $1.37 Difference: $0.68
If KAR meets the Jarden target it will return approximately 50% (excluding dividends, fees and charges).
Current consensus price target is $2.25, suggesting upside of 64.1%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 23.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.91.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.9, implying annual growth of N/A.
Current consensus DPS estimate is 10.2, implying a prospective dividend yield of 7.4%.
Current consensus EPS estimate suggests the PER is 3.6.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 24.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.52.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 34.7, implying annual growth of -8.4%.
Current consensus DPS estimate is 11.3, implying a prospective dividend yield of 8.2%.
Current consensus EPS estimate suggests the PER is 3.9.
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
NST NORTHERN STAR RESOURCES LIMITED
Gold & Silver – Overnight Price: $18.01
Goldman Sachs rates ((NST)) as Neutral (3) –
Northern Star Resources produced 374koz of gold, slightly below consensus expectations, Goldman Sachs notes, due to a weaker quarter at KCGM, although Pogo performed above expectations.
The company’s FY25 production guidance remains at 1.65-1.80moz, while cost forecasts held steady despite inflationary pressures.
Management has added hedges at higher prices to secure cash flow and reported a net cash position of $148m
Goldman Sachs lifts EPS forecasts by 6% in FY25 and lowers FY26 estimates by -2%. Neutral rating unchanged. Target price advances to $16.60 from $16.30.
This report was published on October 24, 2024.
Target price is $16.60 Current Price is $18.01 Difference: minus $1.41 (current price is over target).
If NST 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 $17.55, suggesting downside of -2.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 57.60 cents and EPS of 118.00 cents.
At the last closing share price the estimated dividend yield is 3.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.26.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 107.6, implying annual growth of 93.5%.
Current consensus DPS estimate is 50.2, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 16.7.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 60.90 cents and EPS of 158.00 cents.
At the last closing share price the estimated dividend yield is 3.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.40.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 122.8, implying annual growth of 14.1%.
Current consensus DPS estimate is 49.9, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 14.7.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((NST)) as Underweight (4) –
Northern Star Resources’ Sep Q production was -5% below Jarden’s estimate and down -15% quarter on quarter as it undertook major
shutdowns at all assets. Despite the modestly weak production performance, gold sales were 1% above forecast.
Combined with a slightly weaker gold price realisation, revenue came in -1% below the broker’s estimate.
In Jarden’s opinion, a key feature of the results was the breadth of cost increases across the asset base, which have been observed throughout 2024 to date. The broker takes some comfort, accordingly, that its operating cost forecasts sit materially higher than consensus.
Target rises to $13.10 from $12.30, Underweight retained.
This report was published on October 25, 2024.
Target price is $13.10 Current Price is $18.01 Difference: minus $4.91 (current price is over target).
If NST meets the Jarden target it will return approximately minus 27% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $17.55, suggesting downside of -2.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 40.00 cents and EPS of 85.10 cents.
At the last closing share price the estimated dividend yield is 2.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 107.6, implying annual growth of 93.5%.
Current consensus DPS estimate is 50.2, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 16.7.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 40.00 cents and EPS of 70.60 cents.
At the last closing share price the estimated dividend yield is 2.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 122.8, implying annual growth of 14.1%.
Current consensus DPS estimate is 49.9, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 14.7.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
REH REECE LIMITED
Furniture & Renovation – Overnight Price: $22.85
Goldman Sachs rates ((REH)) as Sell (5) –
Goldman Sachs notes Reece’s 1Q25 update showed a decline in revenues of -5% year-on-year, with Australian sales flat while the US experienced a -6.5% drop, impacted by lower product prices and weather conditions.
Cost management in Australia partially offsets these challenges
in the US, the company is experiencing volume and price deflation, with Goldman Sachs lowering EBITDA forecastsby -6% in FY25.
The broker retains a Sell rating on lowering the target price to $23.10 from $23.70.
This report was published on October 24, 2024.
Target price is $23.10 Current Price is $22.85 Difference: $0.25
If REH meets the Goldman Sachs target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $21.93, suggesting downside of -4.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 24.00 cents and EPS of 59.00 cents.
At the last closing share price the estimated dividend yield is 1.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 59.7, implying annual growth of -8.0%.
Current consensus DPS estimate is 24.6, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 38.3.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 28.00 cents and EPS of 69.00 cents.
At the last closing share price the estimated dividend yield is 1.23%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 33.12.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 68.4, implying annual growth of 14.6%.
Current consensus DPS estimate is 27.8, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 33.4.
Market Sentiment: -0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RMD RESMED INC
Medical Equipment & Devices – Overnight Price: $37.32
Wilsons rates ((RMD)) as Overweight (1) –
Wilsons maintains an Overweight rating on ResMed, upgrading its target to $42.18 from $40.25. At a 20x enterprise to earnings ratio, the stock has done nothing other than” recapture what it should never have lost, amid last year’s GLP-1Ra driven nonsense”.
In 16 years of covering the stock, Wilsons has never seen secular demand drivers to match what’s happening now externally and internally. The remainder of 2024 can still throw up some opportunistic GLP-1 “panic” to take advantage of, the broker suggests.
Competitively, expanding the availability of mask resupply beyond Brightree’s home medical equipment network and talking candidly about ASP increases was an absolute “flex” on the Sep Q earnings call, Wilsons suggests.
This report was published on October 28, 2024.
Target price is $42.18 Current Price is $37.32 Difference: $4.86
If RMD meets the Wilsons target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $40.12, suggesting upside of 7.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 32.29 cents and EPS of 142.15 cents.
At the last closing share price the estimated dividend yield is 0.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 144.7, implying annual growth of N/A.
Current consensus DPS estimate is 32.7, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 25.8.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 33.50 cents and EPS of 149.54 cents.
At the last closing share price the estimated dividend yield is 0.90%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 157.7, implying annual growth of 9.0%.
Current consensus DPS estimate is 34.7, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 23.7.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RRL REGIS RESOURCES LIMITED
Gold & Silver – Overnight Price: $2.70
Goldman Sachs rates ((RRL)) as Sell (5) –
Regis Resources reported 1Q25 production of 95koz, with below-expected all-in-sustaining-costs of $2,495/oz, while sales of 80koz missed forecasts due to timing, Goldman Sachs highlights.
The company reported easing inflation but flagged rising costs as operations expand underground. The FY25 guidance remains at 350-380koz with costs between $2,440-2,740/oz.
Unhedged sales and a cash reserve of $380m support possible dividend returns within 12 months, the broker highlights.
Goldman Sachs lifts EPS estimates by 4% in FY25 and 5% in FY26 due to changes in the production and cost assumptions as well as depreciation/amortisation charges.
Target price rises 5% to $2.05. Sell rating retained due to premium rating on the stock.
This report was published on October 24, 2024.
Target price is $2.05 Current Price is $2.70 Difference: minus $0.65 (current price is over target).
If RRL meets the Goldman Sachs target it will return approximately minus 24% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $2.45, suggesting downside of -9.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 2.00 cents and EPS of 21.00 cents.
At the last closing share price the estimated dividend yield is 0.74%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 21.9, implying annual growth of N/A.
Current consensus DPS estimate is 0.8, implying a prospective dividend yield of 0.3%.
Current consensus EPS estimate suggests the PER is 12.3.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 4.00 cents and EPS of 30.00 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 9.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.1, implying annual growth of 28.3%.
Current consensus DPS estimate is 3.1, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 9.6.
Market Sentiment: 0.3
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: $5.23
Goldman Sachs rates ((RWC)) as Buy (1) –
Reliance Worldwide offered an investor briefing with Goldman Sachs’ first take highlighting the company is targeting medium-term growth above market averages, driven by product innovation like SharkBite Max and channel expansion, especially in the US residential repair and remodel sector, where it holds an 8% share.
In APAC, management’s focus includes leveraging the Holman acquisition for synergies and product launches in large retail channels. EMEA growth remains focused on cost discipline, particularly in the UK market.
The Buy rating is maintained. Target price $5.93.
This report was published on October 24, 2024.
Target price is $5.93 Current Price is $5.23 Difference: $0.7
If RWC meets the Goldman Sachs target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $5.81, suggesting upside of 11.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 31.69 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.5, implying annual growth of N/A.
Current consensus DPS estimate is 8.4, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 16.6.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 EPS of 34.71 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.07.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.9, implying annual growth of 17.1%.
Current consensus DPS estimate is 10.2, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 14.2.
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
SDR SITEMINDER LIMITED
Travel, Leisure & Tourism – Overnight Price: $6.52
Goldman Sachs rates ((SDR)) as Neutral (3) –
SiteMinder’s Q1 FY25 update displayed growth in property and transaction product adoption despite global travel demand normalising, explains Goldman Sachs.
The analysts note key developments include the successful launch of Smart Distribution, expected to drive revenue growth by over $15m annually from FY26, alongside updated long-term incentive (LTI) performance measures.
Goldman Sachs has increased its price target to $6.10 from $5.70, maintaining a Neutral rating due to valuation concerns, while also recognising SiteMinder’s growth trajectory in the hospitality technology market.
This report was published on October 29, 2024.
Target price is $6.10 Current Price is $6.52 Difference: minus $0.42 (current price is over target).
If SDR meets the Goldman Sachs target it will return approximately minus 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.85, suggesting upside of 5.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs 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 217.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -3.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 217.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 362.2.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SM1 SYNLAIT MILK LIMITED
Dairy – Overnight Price: $0.36
Jarden rates ((SM1)) as Neutral (3) –
Following a period of restriction, Jarden introduces revised estimates for Synlait Milk, which include the recent FY24 results and additional equity support from existing key shareholders Bright (65.3%) and a2 Milk ((A2M)) (19.8%).
Key drivers for Jarden are lower North Island losses, modest ongoing growth from Dairyworks and South Island improvement in Ingredients margin, growth in Foodservice and infant formula base powders.
The broker reduces its FY25 net debt forecast to NZ$231mn post recapitalisation and assuming further working capital improvement. Neutral with an NZ45c target.
This report was published on October 25, 2024.
Current Price is $0.36. Target price not assessed.
Current consensus price target is $0.43, suggesting upside of 18.1%(ex-dividends)
The company’s fiscal year ends in July.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 4.69 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 7.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -1.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.64 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 55.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 25.7.
This company reports in NZD. 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
SOM SOMNOMED LIMITED
Medical Equipment & Devices – Overnight Price: $0.34
Wilsons rates ((SOM)) as Market Weight (3) –
SomnoMed’s 1Q sales beat Wilsons forecast by 12% after the company worked through an order backlog. Management maintained FY25 guidance.
In the US, sales increased by 28% in constant currency to a record $10.2m beating the analyst’s forecast by 22%.
Impressing the broker, management maintained engagement with providers and patients denied treatment last year (on account of manufacturing problems), allowing later conversion to sales.
Target 42c. Market Weight.
This report was published on October 23, 2024.
Target price is $0.42 Current Price is $0.34 Difference: $0.08
If SOM meets the Wilsons target it will return approximately 24% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
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 68.00.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 48.57.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
STX STRIKE ENERGY LIMITED
NatGas – Overnight Price: $0.20
Goldman Sachs rates ((STX)) as Buy (1) –
Goldman Sachs maintains a Buy rating on Strike Energy post the 1Q25 trading update.
Walyering-7 also showed promising flow rates, supporting future production. Revenue for 1Q25 was slightly below estimates due to lower gas pricing.
Goldman Sachs is expecting further resource updates, a final investment decision for South Erregulla Power Plant, and additional exploration at Walyering East
Target price is lifted to $0.26 from $0.25, reflecting positive results from Erregulla Deep-1 flow testing, which confirmed a significant gas resource.
This report was published on October 24, 2024.
Target price is $0.25 Current Price is $0.20 Difference: $0.05
If STX meets the Goldman Sachs target it will return approximately 25% (excluding dividends, fees and charges).
Current consensus price target is $0.29, suggesting upside of 43.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.9, implying annual growth of 181.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 22.2.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 33.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.7, implying annual growth of -22.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 28.6.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SUL SUPER RETAIL GROUP LIMITED
Automobiles & Components – Overnight Price: $14.44
Goldman Sachs rates ((SUL)) as Buy (1) –
Super Retail’s trading update for the first 16-weeks of FY25 at the AGM showed slightly softer-than-expected results, with like-for-like sales growth of 2% and an increase in promotional activity impacting margins, particularly in Rebel and Supercheap Auto.
Goldman Sachs notes management reaffirmed a FY25 capex guidance of $165m and plans for 25 new store openings
The broker maintains a Buy rating and lowers its target price to $17.60 from $18.60, following a cut of -4% to EBIT forecasts for FY25-27.
This report was published on October 24, 2024.
Target price is $17.60 Current Price is $14.44 Difference: $3.16
If SUL meets the Goldman Sachs target it will return approximately 22% (excluding dividends, fees and charges).
Current consensus price target is $17.59, suggesting upside of 21.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 67.00 cents and EPS of 104.00 cents.
At the last closing share price the estimated dividend yield is 4.64%.
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 110.8, implying annual growth of 4.2%.
Current consensus DPS estimate is 115.2, implying a prospective dividend yield of 8.0%.
Current consensus EPS estimate suggests the PER is 13.0.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 73.00 cents and EPS of 112.00 cents.
At the last closing share price the estimated dividend yield is 5.06%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.89.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 120.9, implying annual growth of 9.1%.
Current consensus DPS estimate is 125.0, implying a prospective dividend yield of 8.7%.
Current consensus EPS estimate suggests the PER is 11.9.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((SUL)) as Neutral (3) –
Super Retail’s AGM update was softer than previously, Jarden notes. Competition has intensified, promotions are up and sales have slowed. However, inventory remains clean, putting Super Retail in the best position for the all-important cyber/Christmas period events.
Looking ahead, Jarden believes the company remains well placed to gain market share during the peak period, via its investment in stores, digital and loyalty, which the broker expects to drive a stronger share of wallet, and launching trade business for Supercheap Auto.
On a 15x PE, Jarden sees valuation as fair and retains a Neutral rating, albeit with a positive bias. Target falls to $16.60 from $17.30.
This report was published on October 24, 2024.
Target price is $16.60 Current Price is $14.44 Difference: $2.16
If SUL meets the Jarden target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $17.59, suggesting upside of 21.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 70.00 cents and EPS of 106.00 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 13.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 110.8, implying annual growth of 4.2%.
Current consensus DPS estimate is 115.2, implying a prospective dividend yield of 8.0%.
Current consensus EPS estimate suggests the PER is 13.0.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 73.00 cents and EPS of 111.00 cents.
At the last closing share price the estimated dividend yield is 5.06%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.01.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 120.9, implying annual growth of 9.1%.
Current consensus DPS estimate is 125.0, implying a prospective dividend yield of 8.7%.
Current consensus EPS estimate suggests the PER is 11.9.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Wilsons rates ((SUL)) as Downgrade to Underweight from Market Weight (5) –
Super Retail’s AGM revealed sales growth has deteriorated since July/August, given increased “competitive intensity” in its key vertical, Supercheap Auto (39% of sales), implying near-term gross margin headwinds are building, Wilsons notes.
While Rebel sales remain positive on improved footwear and apparel, Wilsons posits momentum will need to improve meaningfully in November/December to offset higher costs and avoid a profit margin squeeze in FY25.
Looking forward, Wilsons tempers expectations for the positive impact of loyalty programs on sales growth (given ongoing softness in Rebel) and downgrades gross margin assumptions ahead of Super Retail’s peak sales period.
Target falls to $12.90 from $16.10, downgrade to Underweight from Market Weight.
This report was published on October 28, 2024.
Target price is $12.90 Current Price is $14.44 Difference: minus $1.54 (current price is over target).
If SUL 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 $17.59, suggesting upside of 21.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 76.60 cents and EPS of 93.90 cents.
At the last closing share price the estimated dividend yield is 5.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 110.8, implying annual growth of 4.2%.
Current consensus DPS estimate is 115.2, implying a prospective dividend yield of 8.0%.
Current consensus EPS estimate suggests the PER is 13.0.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 82.80 cents and EPS of 105.00 cents.
At the last closing share price the estimated dividend yield is 5.73%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 120.9, implying annual growth of 9.1%.
Current consensus DPS estimate is 125.0, implying a prospective dividend yield of 8.7%.
Current consensus EPS estimate suggests the PER is 11.9.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
VAU VAULT MINERALS LIMITED
Gold & Silver – Overnight Price: $0.39
Moelis rates ((VAU)) as Buy (1) –
Vault Minerals had a strong start to FY25, according to Moelis, with Q1 production meeting the broker’s expectations. The company is the broker’s best idea under coverage of the Resources sector.
Sales of gold reached 102.5koz in Q1, and the company held a solid cash position of $523.3m in cash and bullion, highlights the analyst.
Moelis maintains a Buy rating with a 54c target, noting growth prospects from further mine life extensions at Deflector and Mt Monger after confirmation of respective six and three-year extensions.
This report was published on October 29, 2024.
Target price is $0.54 Current Price is $0.39 Difference: $0.15
If VAU meets the Moelis target it will return approximately 38% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.50.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.93.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Petra Capital rates ((VAU)) as Buy (1) –
Vault Minerals’ Q3 report shows a 10.3% quarter-on-quarter drop in gold production to 97,493oz, though strong cash flow generation led to $35m in free cash flow (FCF), highlights Petra Capital.
Costs (AISC) rose to $2,231/oz, but were still below forecast at the Deflector asset, which delivered record mill throughput.
The broker retains a Buy rating, lifting its target to 48c from 44c due to a revised gold price profile and mine life extension at Deflector.
This report was published on October 30, 2024.
Target price is $0.48 Current Price is $0.39 Difference: $0.09
If VAU meets the Petra Capital target it will return approximately 23% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.48.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 1.00 cents and EPS of 4.20 cents.
At the last closing share price the estimated dividend yield is 2.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.29.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WHC WHITEHAVEN COAL LIMITED
Coal – Overnight Price: $6.92
Goldman Sachs rates ((WHC)) as Upgrade to Buy from Neutral (1) –
Whitehaven Coal’s Q1 FY25 showed robust coal production, according to Goldman Sachs, with run-of-mine (ROM) output 10% above estimates, strong metallurgical and thermal price realisations, and unit costs near the low end of guidance at $145/t.
Production guidance remains unchanged, but higher Queensland production estimates and debt reduction initiatives provide a favourable outlook, in the analyst’s opinion.
Goldman upgrades Whitehaven to Buy from Neutral, and sets a price target of $7.90, a rise of 23%. The Buy rating is based on attractive free cash flow (FCF) potential and sustained demand for metallurgical coal, explains the broker.
This report was published on October 29, 2024.
Target price is $7.90 Current Price is $6.92 Difference: $0.98
If WHC meets the Goldman Sachs target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $8.63, suggesting upside of 24.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 15.00 cents and EPS of 63.00 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 10.98.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 33.6, implying annual growth of -24.5%.
Current consensus DPS estimate is 18.3, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 20.6.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 7.00 cents and EPS of 29.00 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 23.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 71.4, implying annual growth of 112.5%.
Current consensus DPS estimate is 18.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 9.7.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WTC WISETECH GLOBAL LIMITED
Cloud services – Overnight Price: $115.39
Goldman Sachs rates ((WTC)) as Upgrade to Buy from Neutral (1) –
Goldman Sachs reaffirms WiseTech Global’s competitive positioning which is reinforced by its CargoWise software, poised for adoption across large freight forwarders, with ARPU expansion anticipated through new offerings like Container Transport Optimizer.
The EBITDA margin is forecasts to rise to 54% by FY26, supported by efficiency improvements.
The stock is upgraded to Buy from Neutral post the recent sell off on concerns around CEO/Founder Richard White. Target price $138 (retained).
This report was published on October 24, 2024.
Target price is $138.00 Current Price is $115.39 Difference: $22.61
If WTC meets the Goldman Sachs target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $118.78, suggesting upside of 2.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 25.00 cents and EPS of 123.00 cents.
At the last closing share price the estimated dividend yield is 0.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 93.81.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 118.2, implying annual growth of 48.9%.
Current consensus DPS estimate is 23.6, implying a prospective dividend yield of 0.2%.
Current consensus EPS estimate suggests the PER is 97.6.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 33.00 cents and EPS of 165.00 cents.
At the last closing share price the estimated dividend yield is 0.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 69.93.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 163.7, implying annual growth of 38.5%.
Current consensus DPS estimate is 32.1, implying a prospective dividend yield of 0.3%.
Current consensus EPS estimate suggests the PER is 70.5.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
Decisions about inclusions in this Report are made independently of the providers of stock market research and at full discretion of the team of journalists responsible for content at FNArena. Inclusion does not equal endorsement, in any way, shape or form. This Report is provided for informational purposes only.
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