Daily Market Reports | Mar 03 2025
This story features AUSSIE BROADBAND LIMITED, and other companies. For more info SHARE ANALYSIS: ABB
The company is included in ASX300 and ALL-ORDS
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 (2) ADH AEL AIZ ALD ASG AX1 CIP EGH EVO EVS GNE HLS ING IPG IPH IRE JIN KGN LIC (2) LOV MND NEM NHF NIC NXL NXT (3) OML (2) PFP PLS PNV PPE PPS PRN (2) PWR QBE QOR REH RWL SKT SLC SPK (2) THL TLX TTM WES
ABB AUSSIE BROADBAND LIMITED
Telecommunication – Overnight Price: $3.96
Goldman Sachs rates ((ABB)) as Neutral (3) –
First half sales and earnings from Aussie Broadband were mixed with EBITDA marginally below Goldman Sachs estimates. Revenue was strong, and combined with disciplined cost management drives a 4% upgrade to FY25 EBITDA guidance.
The Origin Energy ((ORG)) earnings contribution in the first half was stronger than expected, but won’t be repeated in the second half. The broker also notes heightened NBN competition has negatively affected the performance of the Buddy subscriber run rate.
Neutral rating retained. Target edges up to $3.90 from $3.80.
This report was published on February 25, 2025.
Target price is $3.90 Current Price is $3.96 Difference: minus $0.06 (current price is over target).
If ABB meets the Goldman Sachs target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.52, suggesting upside of 12.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 6.00 cents and EPS of 10.00 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 39.60.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.7, implying annual growth of 50.9%.
Current consensus DPS estimate is 5.1, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 27.4.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 9.00 cents and EPS of 14.00 cents.
At the last closing share price the estimated dividend yield is 2.27%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 28.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.2, implying annual growth of 30.6%.
Current consensus DPS estimate is 7.3, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 21.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Wilsons rates ((ABB)) as Upgrade to Overweight from Market Weight (1) –
Following Aussie Broadband’s 1H25 results, Wilsons believes the balance of risks is genuinely to the upside, and has upgraded the rating to Overweight from Market Weight.
Revenue grew 7% y/y to $589m due to mid-teens growth across three of the company’s core segments and was in line with the broker’s forecast but above consensus.
The company upgraded FY25 EBITDA guidance to $133-138m from $125-135m, with Wilsons positioned at the midpoint at $135m.
The broker observes the company’s 2H-to-date net broadband connections were 14,129 which is 36% of forecast 2H total net additions of 39.7k.
Target price lifts to $5.08 from $3.62.
This report was published on February 25, 2025.
Target price is $5.08 Current Price is $3.96 Difference: $1.12
If ABB meets the Wilsons target it will return approximately 28% (excluding dividends, fees and charges).
Current consensus price target is $4.52, suggesting upside of 12.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 6.20 cents and EPS of 10.80 cents.
At the last closing share price the estimated dividend yield is 1.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 36.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.7, implying annual growth of 50.9%.
Current consensus DPS estimate is 5.1, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 27.4.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 5.40 cents and EPS of 13.60 cents.
At the last closing share price the estimated dividend yield is 1.36%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 29.12.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.2, implying annual growth of 30.6%.
Current consensus DPS estimate is 7.3, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 21.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ADH ADAIRS LIMITED
Furniture & Renovation – Overnight Price: $2.31
Canaccord Genuity rates ((ADH)) as Buy (1) –
Canaccord Genuity considers the negative reaction following Adairs’ result to be somewhat overblown, noting progress on the Adairs brand turnaround has come on in leaps and bounds over 2024 and strong momentum is evident moving into 2025.
While the broker acknowledges pressures on the Focus on Furniture business is a near-term headwind, this isn’t new news and there is potential that an improving consumer outlook may provide some pressure release.
With a fairly fixed cost base, the extent of any top-line recovery will determine the meaningfulness of Canaccord’s more constructive view and recommendation. Target rises to $3.25 from $2.80, Buy retained.
This report was published on February 25, 2025.
Target price is $3.25 Current Price is $2.31 Difference: $0.94
If ADH meets the Canaccord Genuity target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $2.69, suggesting upside of 16.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 13.00 cents and EPS of 21.00 cents.
At the last closing share price the estimated dividend yield is 5.63%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 21.2, implying annual growth of 18.2%.
Current consensus DPS estimate is 13.3, implying a prospective dividend yield of 5.8%.
Current consensus EPS estimate suggests the PER is 10.9.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 17.00 cents and EPS of 26.00 cents.
At the last closing share price the estimated dividend yield is 7.36%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.5, implying annual growth of 25.0%.
Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 6.8%.
Current consensus EPS estimate suggests the PER is 8.7.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AEL AMPLITUDE ENERGY LIMITED
Crude Oil – Overnight Price: $0.21
Wilsons rates ((AEL)) as Overweight (1) –
Amplitude Energy’s 1H25 EBITDAX of $93m beat Wilsons’ forecast of $81.8m, and adjusted cash from operations was $81.5m compared with $44.2m in 2H24.
The highlight was the announcement the company’s JV partner Mitusi is negotiating terms with a subsidiary of O.G. Energy for a potential sale of its interest in the Otway basin.
The company noted the negotiations are proceeding on the basis O.G. Energy will fund 50% of the past and future ECSP (Environmental Change and Security Program) project expenditure
The broker believes this could pave the way for unlocking the development and exploration program in the Otway basin.
Overweight rating stays and target price is 21c.
This report was published on February 26, 2025.
Target price is $0.21 Current Price is $0.21 Difference: $0
If AEL meets the Wilsons target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $0.28, suggesting upside of 33.3%(ex-dividends)
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 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 30.0.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.9, implying annual growth of 314.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.2.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AIZ AIR NEW ZEALAND LIMITED
Transportation & Logistics – Overnight Price: $0.56
Jarden rates ((AIZ)) as Neutral (3) –
Jarden notes Air New Zealand’s 1H25 result was soft, with underlying net profit of NZ$48m, well below the company’s November guidance of NZ$60-100m.
Revenue was affected by ongoing engine issues and the broker expects it to continue for the next three years, along with fleet refurbishments.
The airline received NZ$94m compensation from engine manufacturers, including for prior periods, and while there may be scope for further compensation, management didn’t provide any guidance. No earnings guidance was provided for 2H either.
The broker incorporated guidance for a smaller effective fleet, and the NZ$100m share buyback announcement.
Target price cut to NZ59c from NZ61c, Neutral retained.
This report was published on February 21, 2025.
Current Price is $0.56. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 1.64 cents and EPS of minus 0.09 cents.
At the last closing share price the estimated dividend yield is 2.96%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 609.89.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 1.55 cents and EPS of 2.55 cents.
At the last closing share price the estimated dividend yield is 2.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.75.
This company reports in NZD. 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
ALD AMPOL LIMITED
Consumer Products & Services – Overnight Price: $26.51
Goldman Sachs rates ((ALD)) as Buy (1) –
Goldman Sachs notes Ampol posted 2024 underlying EBITDA that was in line with expectations, with key topline results delivered in the January quarterly update.
The five cents final dividend was a surprise, given the broker expected debt reduction would be prioritised and asserts, in turn, this reflects confidence in the outlook for 2025 earnings.
The company plans to deliver a -$50m cost reduction target over 2025, lowering demurrage costs and consolidating technology costs across the business. Target edges down to $31.70 from $32.00. Buy rating retained.
This report was published on February 24, 2025.
Target price is $31.70 Current Price is $26.51 Difference: $5.19
If ALD meets the Goldman Sachs target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $31.21, suggesting upside of 17.9%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 51.00 cents and EPS of 102.00 cents.
At the last closing share price the estimated dividend yield is 1.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.99.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 191.3, implying annual growth of 272.1%.
Current consensus DPS estimate is 103.0, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 13.8.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 160.00 cents and EPS of 220.00 cents.
At the last closing share price the estimated dividend yield is 6.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 224.7, implying annual growth of 17.5%.
Current consensus DPS estimate is 181.0, implying a prospective dividend yield of 6.8%.
Current consensus EPS estimate suggests the PER is 11.8.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ASG AUTOSPORTS GROUP LIMITED
Automobiles & Components – Overnight Price: $1.84
Jarden rates ((ASG)) as Overweight (2) –
Autosports Group’s 1H25 revenue missed Jarden’s forecast by -1% but EBITDA margin at 5.9% was ahead of the broker’s 5.8% forecast.
The broker notes the company had flagged challenging conditions for the new car market for the remainer of FY25, but it expects more time and multiple rate cuts will be required before demand improves.
The broker cut EPS forecasts after downgrading FY25-27 new car revenue estimates by -2% and used vehicles by -1%, somewhat offset by upgrades to parts and accessories revenue.
Target price drops to $2.4 from $2.5, Overweight maintained.
This report was published on February 21, 2025.
Target price is $2.40 Current Price is $1.84 Difference: $0.56
If ASG meets the Jarden target it will return approximately 30% (excluding dividends, fees and charges).
Current consensus price target is $1.85, 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 8.80 cents and EPS of 16.10 cents.
At the last closing share price the estimated dividend yield is 4.78%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.43.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.2, implying annual growth of -53.1%.
Current consensus DPS estimate is 8.3, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 12.5.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 14.80 cents and EPS of 26.10 cents.
At the last closing share price the estimated dividend yield is 8.04%.
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 23.6, implying annual growth of 66.2%.
Current consensus DPS estimate is 13.5, implying a prospective dividend yield of 7.6%.
Current consensus EPS estimate suggests the PER is 7.5.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AX1 ACCENT GROUP LIMITED
Apparel & Footwear – Overnight Price: $2.02
Jarden rates ((AX1)) as Neutral (3) –
Accent Group’s 1H25 net profit missed consensus by -4% mainly on higher net interest expense, but the weak like-for-like sales growth of 2.2% y/y in the first seven weeks of 2H was the bigger negative for Jarden.
The outlook looks soft given the consensus of 2.3% growth in 2H, with the previous year’s numbers not supportive either — 4.1% y/y in 2H and -0.7% in the first seven weeks.
The broker notes the Neutral rating would have been reviewed were it not for the potential upside risk associated with Frasers Group negotiations expected to conclude in four months.
EBITDA forecasts for FY25-27 fall by -1-3%. Target price declines to $2.06 from $2.10. Neutral maintained.
This report was published on February 21, 2025.
Target price is $2.06 Current Price is $2.02 Difference: $0.04
If AX1 meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $2.51, suggesting upside of 24.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 13.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.8, implying annual growth of 30.1%.
Current consensus DPS estimate is 10.4, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 14.6.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 14.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.03.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.6, implying annual growth of 13.0%.
Current consensus DPS estimate is 11.2, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 12.9.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CIP CENTURIA INDUSTRIAL REIT
REITs – Overnight Price: $2.99
Moelis rates ((CIP)) as Buy (1) –
Centuria Industrial REIT delivered a first half result that was in line with Moelis. The company has re-affirmed FY25 guidance for 17.5 cents in FFO and 16.3 cents as a distribution.
The broker notes more than 50% leasing spreads reflect continued success in releasing by the company and, with a portfolio that remains around -20-25% under rented, anticipates more than 5% comparable net operating income growth to FY27.
Market conditions remain favourable although softer leasing in Melbourne’s north and western markets mean incentives are starting to increase modestly.
Buy rated with $3.72 target price.
This report was published on February 25, 2025.
Target price is $3.72 Current Price is $2.99 Difference: $0.73
If CIP meets the Moelis target it will return approximately 24% (excluding dividends, fees and charges).
Current consensus price target is $3.38, suggesting upside of 12.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 16.30 cents and EPS of 17.50 cents.
At the last closing share price the estimated dividend yield is 5.45%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.09.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.8, implying annual growth of 134.8%.
Current consensus DPS estimate is 16.2, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 16.9.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 16.50 cents and EPS of 18.00 cents.
At the last closing share price the estimated dividend yield is 5.52%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.8, implying annual growth of N/A.
Current consensus DPS estimate is 16.5, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 16.9.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EGH EUREKA GROUP HOLDINGS LIMITED
Aged Care & Seniors – Overnight Price: $0.58
Moelis rates ((EGH)) as Buy (1) –
Eureka Group delivered first half underlying earnings that were up 9%, amid a strong year for residential rents. FY25 guidance is downgraded by -5% as management now expects growth of around 2.6% compared with 8% previously.
Moelis notes this relates to the capital footprint. Management had previously flagged $57m in targeted acquisitions but transactions appear to be delayed and now will make a negligible contribution to FY25.
The broker downgrades estimates to reflect revised guidance and assumes a more lagged net capital deployment profile. Target slips to $0.69 from $0.70 and a Buy rating is retained.
This report was published on February 26, 2025.
Target price is $0.69 Current Price is $0.58 Difference: $0.11
If EGH meets the Moelis target it will return approximately 19% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 1.50 cents and EPS of 3.10 cents.
At the last closing share price the estimated dividend yield is 2.59%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.71.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 1.70 cents and EPS of 3.60 cents.
At the last closing share price the estimated dividend yield is 2.93%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.11.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EVO EMBARK EARLY EDUCATION LIMITED
Education & Tuition – Overnight Price: $0.78
Canaccord Genuity rates ((EVO)) as Buy (1) –
Canaccord Genuity suggests Embark Early Education’s results look solid and set the company up for a strong 2025, noting its $21m in undrawn debt that could be used for acquisitions.
Revenue increased 29% year on year and earnings 26%, largely in line with the broker.
Revenue for the first six weeks of 2025 was 58% higher. Canaccord believes the company has increased licenced places by 58% in the last 12 months. The company stated it has seen an encouraging start to 2025.
Embark has expanded its portfolio from 24 to 38 centres through acquisitions during 2024. Average occupancy for 2024 was 80%, with a peak of 85%. Buy and $1.02 target retained.
This report was published on February 25, 2025.
Target price is $1.02 Current Price is $0.78 Difference: $0.24
If EVO meets the Canaccord Genuity target it will return approximately 31% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 6.00 cents and EPS of 7.80 cents.
At the last closing share price the estimated dividend yield is 7.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.00.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 6.10 cents and EPS of 9.10 cents.
At the last closing share price the estimated dividend yield is 7.82%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.57.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EVS ENVIROSUITE LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $0.08
Moelis rates ((EVS)) as No Rating (-1) –
Envirosuite has received an unsolicited, non-binding conditional proposal from Ideagen by way of a scheme of arrangement for $0.10 a share.
The latter is a global software company specialising in innovative solutions to enhance governance, health and safety, the broker explains.
The indicative proposal represents a premium of 133% to the closing price of Envirosuite shares on February 24. Moelis is on restriction and unable to provide a rating or target.
This report was published on February 25, 2025.
Current Price is $0.08. Target price not assessed.
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 minus 0.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 13.33.
Forecast for FY26:
Moelis forecasts a full year FY26 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 40.00.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GNE GENESIS ENERGY LIMITED
Infrastructure & Utilities – Overnight Price: $1.98
Jarden rates ((GNE)) as Buy (1) –
Genesis’ 1H25 EBITDA of NZ$217m missed Jarden’s forecast of NZ$246m, with the hit due to negative derivative settlements of NZ$25m.
The broker has cut FY25 EBITDA forecast to NZ$463m from NZ$475m, and is now in line with the company’s guidance of NZ$460m.
The company’s strategy targets NZ$550m EBITDA by FY28, but the broker’s estimate is NZ$561m.
The broker cut EBITDA forecast for FY26 by -1%, on tgop of the -2% cut in FY25 forecast. Target price declines to NZ$3.09 from NZ$3.14. Buy retained.
This report was published on February 21, 2025.
Current Price is $1.98. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 13.03 cents and EPS of 9.84 cents.
At the last closing share price the estimated dividend yield is 6.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.11.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 13.49 cents and EPS of 11.49 cents.
At the last closing share price the estimated dividend yield is 6.81%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.24.
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
HLS HEALIUS LIMITED
Healthcare services – Overnight Price: $1.28
Jarden rates ((HLS)) as Underweight (4) –
Jarden suggests the highlight of Healius’ 1H25 result was the strong revenue growth and margin expansion in the Lumus Imaging business, but the latter has been sold to resolve the over-geared balance.
While EBIT delivered in line with guidance provided at the November AGM, Jarden notes the pathology EBITDA margins fell -190bps to 17.3%, and pathology EBIT margins were down -10bps to only 0.6%.
The broker is looking ahead to Investor Day on March 27 for insight into the costs associated with the Lumus sale and the company’s transformation program.
The analyst raised FY25 EBIT forecast by 3.1%, but lowered FY26-27 by -8.2% and -10.1% respectively. Target price drops to $1.18 from $1.25. Underweight maintained.
This report was published on February 21, 2025.
Target price is $1.18 Current Price is $1.28 Difference: minus $0.105 (current price is over target).
If HLS 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 $1.28, suggesting downside of -1.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 0.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 1285.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -3.3, implying annual growth of N/A.
Current consensus DPS estimate is 13.3, implying a prospective dividend yield of 10.2%.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 1.40 cents and EPS of 2.10 cents.
At the last closing share price the estimated dividend yield is 1.09%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 61.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.3, implying annual growth of N/A.
Current consensus DPS estimate is 2.1, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 56.5.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ING INGHAMS GROUP LIMITED
Food, Beverages & Tobacco – Overnight Price: $3.37
Jarden rates ((ING)) as Overweight (2) –
The highlight of Inghams Group’s 1H25 result was the recovery of 75% of volumes lost due to the revised contract with Woolworths ((WOW)) last year, Jarden comments.
Net profit was 3% ahead of Jarden’s forecast and the company left FY25 guidance unchanged at $236-250m, with the broker positioned at midpoint.
Jarden expects Australian volumes to recover on new contract wins and growth in fast food businesses.
The analyst is forecasting 1.5% and 2.5% volume growth in Australia in FY26 and FY27 respectively. For NZ, the forecast is for 2% volume growth and steady margins.
Target price lifts to $3.70 from $3.65. Overweight maintained.
This report was published on February 21, 2025.
Target price is $3.70 Current Price is $3.37 Difference: $0.33
If ING meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $3.48, suggesting upside of 3.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 20.40 cents and EPS of 28.30 cents.
At the last closing share price the estimated dividend yield is 6.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.91.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 27.8, implying annual growth of 1.8%.
Current consensus DPS estimate is 19.6, implying a prospective dividend yield of 5.8%.
Current consensus EPS estimate suggests the PER is 12.1.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 20.80 cents and EPS of 29.60 cents.
At the last closing share price the estimated dividend yield is 6.17%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 29.1, implying annual growth of 4.7%.
Current consensus DPS estimate is 18.6, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 11.6.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IPG IPD GROUP LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $4.14
Moelis rates ((IPG)) as Buy (1) –
IPD Group’s 1H25 EBITA was 5% ahead of the recently updated guidance range, and net profit beat Moelis’ forecast by 4.7%.
Once again, organic growth in the core business was offset by a small decline in CMI business, but the broker continues to see upside risk from CMI. The company reduced net debt to $2.2m from $8.8m in June, and cash conversion was 108%.
Quantitative guidance is expected later in the 2H, but management noted order book stands at a record $92.7m, up 50% y/y and at a similar level to the October update.
Target price is $5.33 and rating remains at Buy.
This report was published on February 24, 2025.
Target price is $5.33 Current Price is $4.14 Difference: $1.19
If IPG meets the Moelis target it will return approximately 29% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 12.90 cents and EPS of 26.60 cents.
At the last closing share price the estimated dividend yield is 3.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.56.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 14.40 cents and EPS of 28.40 cents.
At the last closing share price the estimated dividend yield is 3.48%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.58.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IPH IPH LIMITED
Legal – Overnight Price: $4.78
Jarden rates ((IPH)) as Overweight (2) –
Jarden notes IPH’s 1H25 underlying EPS was 4% ahead of its forecast on strong Australian EBITDA margins and recovery in Asian patent filings and lower costs.
Australian market share fell to 30.4% but this was offset by higher pricing and margins.
The broker expects Australian EBITDA to rise 6-8% in FY25-27, and net interest expense to fall -16-19% in line with guidance and forecast for lower interest rates.
For Asia, the broker is forecasting a decrease in EBITDA margins and estimates -4-5% lower EBITDA in FY25-27. For Canada too, the broker is forecasting -3-4% decline in EBITDA in FY25-27.
Target price is $8.45, and Rating is Overweight.
This report was published on February 21, 2025.
Target price is $8.45 Current Price is $4.78 Difference: $3.67
If IPH meets the Jarden target it will return approximately 77% (excluding dividends, fees and charges).
Current consensus price target is $6.49, suggesting upside of 36.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 36.20 cents and EPS of 48.30 cents.
At the last closing share price the estimated dividend yield is 7.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 46.6, implying annual growth of 85.8%.
Current consensus DPS estimate is 35.3, implying a prospective dividend yield of 7.4%.
Current consensus EPS estimate suggests the PER is 10.2.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 38.70 cents and EPS of 51.60 cents.
At the last closing share price the estimated dividend yield is 8.10%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.26.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 49.4, implying annual growth of 6.0%.
Current consensus DPS estimate is 36.5, implying a prospective dividend yield of 7.7%.
Current consensus EPS estimate suggests the PER is 9.6.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IRE IRESS LIMITED
Wealth Management & Investments – Overnight Price: $7.97
Wilsons rates ((IRE)) as Overweight (1) –
Wilsons’ reckons the -14% share price fall following Iress’ FY24 result was an overstep and likely reflective of near-term earnings concerns despite management’s best efforts to communicate the complex process.
The broker acknowledges the FY25 EBITDA guidance fell short of expectations, but the net profit forecast wasn’t too different from its estimate.
The analyst lowered the target price to $10 from $11 mainly on a higher share count, with limited changes to net profit forecasts. Rating is Overweight.
This report was published on February 25, 2025.
Target price is $10.00 Current Price is $7.97 Difference: $2.03
If IRE meets the Wilsons target it will return approximately 25% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 19.9%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 20.00 cents and EPS of 41.00 cents.
At the last closing share price the estimated dividend yield is 2.51%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.44.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.6, implying annual growth of -21.7%.
Current consensus DPS estimate is 19.4, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 21.2.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 50.00 cents and EPS of 47.70 cents.
At the last closing share price the estimated dividend yield is 6.27%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 39.7, implying annual growth of 5.6%.
Current consensus DPS estimate is 23.0, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 20.1.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
JIN JUMBO INTERACTIVE LIMITED
Gaming – Overnight Price: $11.39
Jarden rates ((JIN)) as Buy (1) –
Jarden is surprised by the lost digital share in Jumbo Interactive’s 1H25 result, noting this is the first time in the company’s history and contrasts with an industry enjoying stable digital penetration.
Still, the broker is convinced the share loss is temporary, with the focus turning to reactivating old friends and existing customers rather than the higher cost of acquiring new customers.
The company reiterated FY25 guidance despite below-trend 1H jackpots. Balance sheet is strong with net cash of $53m and on-market buyback of $25m remains.
Target price cut to $14.2 from $15.0. Buy retained.
This report was published on February 23, 2025.
Target price is $14.20 Current Price is $11.39 Difference: $2.81
If JIN meets the Jarden target it will return approximately 25% (excluding dividends, fees and charges).
Current consensus price target is $14.27, suggesting upside of 25.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 52.00 cents and EPS of 68.20 cents.
At the last closing share price the estimated dividend yield is 4.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 63.6, implying annual growth of -7.6%.
Current consensus DPS estimate is 48.9, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 17.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 57.80 cents and EPS of 79.80 cents.
At the last closing share price the estimated dividend yield is 5.07%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 73.4, implying annual growth of 15.4%.
Current consensus DPS estimate is 54.3, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 15.5.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
KGN KOGAN.COM LIMITED
Retailing – Overnight Price: $5.07
Canaccord Genuity rates ((KGN)) as Buy (1) –
Kogan.com pre-released the majority of its key financial metrics to the market in its January update, leaving few material surprises in its 1H25 results.
Gross profit improved materially (up 18% year on year), with gross profit margins increasing to 22%, the highest in its history, Canaccord Genuity notes, and likely aided by the increased contribution from its Kogan First membership revenue.
While there is likely a short-term shift in investor sentiment as the company focuses on market share gains at the expense of short-term profitability, Canaccord continues to believe that Kogan is undervalued.
Target rises to $8.20 from $8.00, Buy retained.
This report was published on February 25, 2025.
Target price is $8.20 Current Price is $5.07 Difference: $3.13
If KGN meets the Canaccord Genuity target it will return approximately 62% (excluding dividends, fees and charges).
Current consensus price target is $4.90, suggesting downside of -1.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 17.50 cents and EPS of 26.90 cents.
At the last closing share price the estimated dividend yield is 3.45%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.85.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.7, implying annual growth of 22025.0%.
Current consensus DPS estimate is 13.6, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 28.2.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 22.60 cents and EPS of 34.70 cents.
At the last closing share price the estimated dividend yield is 4.46%.
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 23.4, implying annual growth of 32.2%.
Current consensus DPS estimate is 15.5, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 21.3.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
LIC LIFESTYLE COMMUNITIES LIMITED
Aged Care & Seniors – Overnight Price: $8.00
Canaccord Genuity rates ((LIC)) as Hold (3) –
Lifestyle Communities has reported underlying 1H25 profit up 9.5%. Canaccord Genuity deems the result credible in a challenging period impacted by adverse media coverage and a soft Victorian residential market.
Challenges have resulted in the company undertaking several initiatives to right-size development and funding needs in a period of depressed sale growth.
Canaccord believes the immediate focus will remain on driving sales from existing inventory and the management thereof while maintaining balance sheet discipline.
Hold and $9.75 target retained.
This report was published on February 24, 2025.
Target price is $9.75 Current Price is $8.00 Difference: $1.75
If LIC meets the Canaccord Genuity target it will return approximately 22% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 19.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 10.00 cents and EPS of 40.00 cents.
At the last closing share price the estimated dividend yield is 1.25%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 38.3, implying annual growth of -16.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.0.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 10.00 cents and EPS of 45.40 cents.
At the last closing share price the estimated dividend yield is 1.25%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.7, implying annual growth of -1.6%.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 21.3.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((LIC)) as Buy (1) –
Lifestyle Communities delivered first half operating earnings that were weaker and followed a year that was marred by the impacts of a weak Victorian housing market, negative media and the untimely expansion of the development pipeline, Moelis notes.
Gross development margin was down to 14.9% from 18.8%. Gearing has increased to 24.6% as of December 2024.
The broker points out management has taken steps to allay the risk of breaching ICR covenants and this should limit the longer term negative impact of the weak market.
Target is reduced to $11.50 from $12.00 and a Buy rating is maintained.
This report was published on February 25, 2025.
Target price is $11.50 Current Price is $8.00 Difference: $3.5
If LIC meets the Moelis target it will return approximately 44% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 19.0%(ex-dividends)
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 26.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 38.3, implying annual growth of -16.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.0.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 44.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.7, implying annual growth of -1.6%.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 21.3.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
LOV LOVISA HOLDINGS LIMITED
Retailing – Overnight Price: $29.09
Canaccord Genuity rates ((LOV)) as Hold (3) –
The strength of gross profit execution continues to be a feature of Lovisa Holdings’ results, with gross margin eclipsing 82% for the first time, Canaccord Genuity comments.
Quite astoundingly, says Canaccord Genuity, cost of goods sold was down and incremental gross profit dollars were greater than incremental sales.
In the period, Lovisa added 57 new stores, relocated 2 and closed 12 for net new store growth of 43. Roll out was weakest in US, with only 2 net new stores on a closing network base of 209, the broker observes.
The extent to which recent performance can be held is important to growth over the coming periods, Canaccord suggests. Target rises to $28.70 from $25.80, Hold retained.
This report was published on February 24, 2025.
Target price is $28.70 Current Price is $29.09 Difference: minus $0.39 (current price is over target).
If LOV meets the Canaccord Genuity target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $30.25, suggesting upside of 6.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 80.00 cents and EPS of 82.00 cents.
At the last closing share price the estimated dividend yield is 2.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 35.48.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.0, implying annual growth of 10.1%.
Current consensus DPS estimate is 79.0, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 34.3.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 85.00 cents and EPS of 91.00 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 31.97.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 105.6, implying annual growth of 27.2%.
Current consensus DPS estimate is 90.7, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 27.0.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MND MONADELPHOUS GROUP LIMITED
Mining Sector Contracting – Overnight Price: $16.12
Goldman Sachs rates ((MND)) as Sell (5) –
Monadelphous Group delivered first half earnings that were slightly ahead of Goldman Sachs’ estimates.
The broker suggests momentum is evident, as seen in the FY25 guidance for revenue growth and improved operating margins.
Goldman Sachs notes mining sector labour shortages have eased yet this is largely because of an increasing labour pool and vacancies are still elevated.
This leads Goldman Sachs to be cautious around incremental productivity and margin gains. The stock appears fully priced and a Sell rating is retained. Target rises to $15.40 from $13.40.
This report was published on February 24, 2025.
Target price is $15.40 Current Price is $16.12 Difference: minus $0.72 (current price is over target).
If MND 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 $16.77, suggesting upside of 5.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 75.00 cents and EPS of 84.00 cents.
At the last closing share price the estimated dividend yield is 4.65%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 80.8, implying annual growth of 26.1%.
Current consensus DPS estimate is 68.8, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 19.8.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 74.00 cents and EPS of 83.00 cents.
At the last closing share price the estimated dividend yield is 4.59%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.3, implying annual growth of 3.1%.
Current consensus DPS estimate is 72.2, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 19.2.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NEM NEWMONT CORPORATION REGISTERED
Gold & Silver – Overnight Price: $66.83
Goldman Sachs rates ((NEM)) as Buy (1) –
Goldman Sachs notes Newmont Corp’s FY24 reported EBITDA beat its forecast but on a proportional basis, the 9% y/y rise in core EBITDA fell short of its estimate of a 20% increase.
The company reiterated FY25 gold production guidance but raised the cost estimate to US$1,620/oz from US$1,500/oz, with US$45 of this due to higher tax/royalties from higher gold prices.
The broker lowered FY25/26/27 EPS forecasts by -5%/-8%/-6% respectively after factoring in the FY24 result and the guidance.
Target price rises to $78.5 from $76.2. Buy rating retained.
This report was published on February 24, 2025.
Target price is $78.50 Current Price is $66.83 Difference: $11.67
If NEM meets the Goldman Sachs target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $83.00, suggesting upside of 21.2%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 152.84 cents and EPS of 635.79 cents.
At the last closing share price the estimated dividend yield is 2.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 571.0, implying annual growth of N/A.
Current consensus DPS estimate is 160.7, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 12.0.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 152.84 cents and EPS of 779.46 cents.
At the last closing share price the estimated dividend yield is 2.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.57.
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
NHF NIB HOLDINGS LIMITED
Insurance – Overnight Price: $6.68
Goldman Sachs rates ((NHF)) as Buy (1) –
Goldman Sachs notes NIB Holdings’ 1H25 underlying operating profit of $105.8m beat its forecast of $101.4m, and the highlight was the underlying net margin of 6.7% and reported margin of 7% beating its estimate of 6.5%.
The company also guided to margins at the higher end of the 6-7% target in 2H despite headwinds from NSW bed rate change and uncertainties around claims inflation and approved rate increases.
The broker raised FY25-26 EPS estimates mainly on better margins. Target price rises to $7.0 from $6.5.
Buy rating maintained.
This report was published on February 25, 2025.
Target price is $7.00 Current Price is $6.68 Difference: $0.32
If NHF meets the Goldman Sachs target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $6.77, suggesting upside of 1.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 27.00 cents and EPS of 37.00 cents.
At the last closing share price the estimated dividend yield is 4.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 42.2, implying annual growth of 10.1%.
Current consensus DPS estimate is 27.6, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 15.7.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 29.00 cents and EPS of 45.00 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 14.84.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 46.1, implying annual growth of 9.2%.
Current consensus DPS estimate is 30.1, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 14.4.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NIC NICKEL INDUSTRIES LIMITED
Nickel – Overnight Price: $0.72
Canaccord Genuity rates ((NIC)) as Hold (3) –
Nickel Industries’ 2024 adjusted earnings missed consensus on higher expenses, Canaccord Genuity notes. Earnings exclude a -US $236.6m impairment expense attributed to the write-down of carrying value of Hengjaya and Ranger operations.
The company has recently been in an investment phase, which appears to be coming towards its end, the commentary suggests.
Canaccord continues to watch the company’s cash balance as payments approach and have cut its assumed dividend payments to 3c from 5c in 2025 to preserve cash.
Nickel Industries continues to work through a capital intensive period. This drain on cash puts its balance sheet at risk, however, by the end of the year the miner potentially moves to a free cash flow position, which Canaccord believes may be a potential re-rating catalyst.
Target falls to 80c from 85c, Hold retained.
This report was published on February 24, 2025.
Target price is $0.80 Current Price is $0.72 Difference: $0.08
If NIC meets the Canaccord Genuity target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $1.16, suggesting upside of 58.7%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 3.00 cents and EPS of 3.06 cents.
At the last closing share price the estimated dividend yield is 4.17%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.55.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 7.7, implying annual growth of N/A.
Current consensus DPS estimate is 4.0, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 9.5.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 3.00 cents and EPS of 6.11 cents.
At the last closing share price the estimated dividend yield is 4.17%.
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 13.4, implying annual growth of 74.0%.
Current consensus DPS estimate is 7.0, implying a prospective dividend yield of 9.6%.
Current consensus EPS estimate suggests the PER is 5.4.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NXL NUIX LIMITED
Software & Services – Overnight Price: $3.68
Moelis rates ((NXL)) as Downgrade to Hold from Buy (3) –
Nuix’s 1H25 annualised contract value (ACV) rose 8.3% y/y in line with the 8-9% guidance provided in late January, but Moelis highlights the 1H growth translates to an annualised rate of 4.5%. This compares with 14% ACV growth over FY24.
The broker notes Nuix’s challenge in 1H was a slower uptake of Neo among existing clients. The company also reported higher amortisation in 1H and the analyst in turn accelerated the amortisation profile, leading to larger reductions in bottom line forecasts.
The broker also tempered growth estimates after the 1H result and outlook. Target price drops to $4.95 from $6.09, and rating downgraded to Hold from Buy.
This report was published on February 24, 2025.
Target price is $4.95 Current Price is $3.68 Difference: $1.27
If NXL meets the Moelis target it will return approximately 35% (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 1.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 193.68.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 56.62.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NXT NEXTDC LIMITED
Cloud services – Overnight Price: $13.34
Canaccord Genuity rates ((NXT)) as Buy (1) –
Canaccord Genuity believes the first half result from NextDC has paved the way for a consistent increase in earnings in the second half. Net revenue guidance of $340-350m for the full year has been maintained.
The broker notes the growth incentive plan for senior management implies, in the absence of dividends being paid, that the share price will have to reach $32.50 for the $150m package to vest in full.
Buy rating and target is raised to $18.85 from $18.70.
This report was published on February 24, 2025.
Target price is $18.85 Current Price is $13.34 Difference: $5.51
If NXT meets the Canaccord Genuity target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $19.73, suggesting upside of 46.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 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 317.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -7.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 13.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 101.83.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -16.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Goldman Sachs rates ((NXT)) as Buy (1) –
While NextDC’s 1H25 result was largely in line with Goldman Sachs’ forecast, the broker was disappointed with net revenue per MW, both y/y and sequential. This prompted a -1-3% downgrade in FY25-27 yield assumptions.
The broker also believes the growth incentive plan for senior leadership is negative as it reflects intense competition for staff within the sector and points to higher costs.
FY25-27 EBITDA forecasts lowered by -1-7% on higher costs and lower yield estimates. Target price drops to $17.1 from $18.5.
Buy retained.
This report was published on February 24, 2025.
Target price is $17.10 Current Price is $13.34 Difference: $3.76
If NXT meets the Goldman Sachs target it will return approximately 28% (excluding dividends, fees and charges).
Current consensus price target is $19.73, suggesting upside of 46.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of minus 8.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 166.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -7.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 EPS of minus 23.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 58.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -16.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Wilsons rates ((NXT)) as Overweight (1) –
Wilsons notes NextDC’s 1H25 net revenue growth of 13% y/y was a good result but underlying EBITDA growth was modest (up 3%) as the company continues to invest for future growth.
The broker notes the company spent -$1.0bn on capex in 1H, with the remaining -$500m for 2H. Following the result and FY25 guidance, the broker cut the revenue forecast for FY25 by -2% and for FY26 by -7%.
The analyst also lowered FY25-26 EBITDA forecasts, with the FY25 forecast of $213m sitting just below the middle of the company’s guidance range.
Target price cut to $18.15 from $18.90. Overweight maintained.
This report was published on February 25, 2025.
Target price is $18.15 Current Price is $13.34 Difference: $4.81
If NXT meets the Wilsons target it will return approximately 36% (excluding dividends, fees and charges).
Current consensus price target is $19.73, suggesting upside of 46.9%(ex-dividends)
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 15.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 83.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -7.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 20.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 66.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -16.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
OML OOH!MEDIA LIMITED
Out of Home Advertising – Overnight Price: $1.50
Canaccord Genuity rates ((OML)) as Buy (1) –
Canaccord Genuity notes oOh!media beat guidance in its 2024 results amid a positive outlook. The broker points out the first quarter Momentum is “healthy” but does not forecast this level to continue throughout the year.
Media revenue is pacing at 14% year-on-year compared with consensus estimates of 7%, yet comparables will become harder later on. The adjusted gross margin in 2025 is expected to be in line with the prior year at somewhere between 44.3% and 44.7%.
The broker retains a Buy rating and raises the target to $2.00 from $1.90.
This report was published on February 24, 2025.
Target price is $2.00 Current Price is $1.50 Difference: $0.5
If OML meets the Canaccord Genuity target it will return approximately 33% (excluding dividends, fees and charges).
Current consensus price target is $1.67, suggesting upside of 11.9%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 6.71 cents and EPS of 12.90 cents.
At the last closing share price the estimated dividend yield is 4.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.63.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.2, implying annual growth of 78.4%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 12.2.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 7.99 cents and EPS of 15.20 cents.
At the last closing share price the estimated dividend yield is 5.33%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.87.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.4, implying annual growth of 18.0%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 10.3.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Goldman Sachs rates ((OML)) as Neutral (3) –
Goldman Sachs notes oOh!media’s FY24 result met its forecasts and the highlight was improving revenue growth pulse, with 1Q25 estimated at 14% growth vs 4Q25 at 5%.
The broker notes customer growth momentum remains strong with key partnerships signed but the company is also undertaking higher investments to fund this.
The analyst upgraded FY25-27 EBITDA forecasts by 3-4% after incorporating higher operating leverage on a stronger revenue outlook.
Neutral rating maintained and target price is $1.5.
This report was published on February 24, 2025.
Target price is $1.50 Current Price is $1.50 Difference: $0
If OML meets the Goldman Sachs target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $1.67, suggesting upside of 11.9%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 7.00 cents and EPS of 13.00 cents.
At the last closing share price the estimated dividend yield is 4.67%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.2, implying annual growth of 78.4%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 12.2.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 7.00 cents and EPS of 15.00 cents.
At the last closing share price the estimated dividend yield is 4.67%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.4, implying annual growth of 18.0%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 10.3.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PFP PROPEL FUNERAL PARTNERS LIMITED
Consumer Products & Services – Overnight Price: $5.42
Moelis rates ((PFP)) as Upgrade to Buy from Hold (1) –
Moelis notes Propel Funeral Partners’ 1H25 revenue and EBITDA missed its forecast but remains more positive on the outlook.
The company retains a funding capacity of $144m. The broker believes, as organic volumes continue to be positive and funding capacity is deployed, top-line growth and modest operating leverage will drive EPS growth.
The broker highlights 2H of the calendar year 2024 death registration data in NSW, VIC, QLD showed 4.8% growth y/y, boosting confidence in the company returning to 2% potential growth from 2H25.
Target price cut to $6.1 from $6.2, and rating upgraded to Buy from Hold
This report was published on February 24, 2025.
Target price is $6.10 Current Price is $5.42 Difference: $0.68
If PFP meets the Moelis target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $6.41, suggesting upside of 20.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 15.00 cents and EPS of 17.90 cents.
At the last closing share price the estimated dividend yield is 2.77%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.28.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.0, implying annual growth of 27.1%.
Current consensus DPS estimate is 14.8, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 29.6.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 17.30 cents and EPS of 20.60 cents.
At the last closing share price the estimated dividend yield is 3.19%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.5, implying annual growth of 8.3%.
Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 27.3.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PLS PILBARA MINERALS LIMITED
New Battery Elements – Overnight Price: $1.90
Jarden rates ((PLS)) as Buy (1) –
Tropical Cyclone Zelia swept through the Pilbara region last week, bringing the significant threat of a Category 5 system dangerously close to Pilgangoora.
Pilbara Minerals avoided any injuries and major damage, Jarden notes, although production was disrupted for six days. Following the severe weather event, Pilbara management retained all FY25 guidance metrics.
The interim FY25 result was largely de-risked through the disclosure of key line items prior to the result. In Jarden’s view, the accounts reflect a business that is trading at close to breakeven levels due to lithium prices trading well into the cost curve.
Jarden covets high quality rocks in high quality jurisdictions, under the stewardship of quality management teams, supported by robust governance and balance sheet settings. Target falls to $2.50 from $2.60, Buy retained.
This report was published on February 21, 2025.
Target price is $2.50 Current Price is $1.90 Difference: $0.6
If PLS meets the Jarden target it will return approximately 32% (excluding dividends, fees and charges).
Current consensus price target is $2.56, suggesting upside of 34.6%(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 1.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 158.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -0.3, implying annual growth of N/A.
Current consensus DPS estimate is 0.2, implying a prospective dividend yield of 0.1%.
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 6.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.0, implying annual growth of N/A.
Current consensus DPS estimate is 0.7, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 38.0.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNV POLYNOVO LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $1.43
Wilsons rates ((PNV)) as Downgrade to Market Weight from Overweight (3) –
PolyNovo’s 1H25 revenue miss vs Wilsons was reported in January, so the disappointment in the result was underlying EBITDA of $2.6M which was lower than the broker’s $4.6m forecast.
Both overall and US sales were lower than the broker’s estimate, leading to -3-5% revenue cuts in FY25-27. EBITDA estimates are down -29-15%, with the -29% adjustment for FY25 due to the -$2.0m 1H25 miss and an additional -$2m opex in 2H.
Target price cut to $1.85 from $3.00 mainly due to a lower multiple of 8x FY26 forecast EV/revenue. Rating downgraded to Market Weight from Overweight.
This report was published on February 25, 2025.
Target price is $1.85 Current Price is $1.43 Difference: $0.42
If PNV meets the Wilsons target it will return approximately 29% (excluding dividends, fees and charges).
Current consensus price target is $2.82, suggesting upside of 90.3%(ex-dividends)
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 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 476.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.1, implying annual growth of 44.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 134.5.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 68.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.7, implying annual growth of 145.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 54.8.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PPE PEOPLEIN LIMITED
Jobs & Skilled Labour Services – Overnight Price: $0.95
Wilsons rates ((PPE)) as Overweight (1) –
Wilsons notes PeopleIn’s 1H25 revenue fell -5% y/y to $573m but this was still in line with its own forecast and showed the company leveraged the tight candidate market by focusing on higher-rate roles vs volume.
EBITDA beat Wilsons’ forecast by 6%, and operating costs fell -5.3% y/y. The broker highlights the economic backdrop is challenging but PeopleIn is positioned for a rebound
Operating cash flow improved materially to $22.5m, driving a -23% decline in net debt to $62m, and pushed the target price up to $1.19 from $1.03. Overweight rating.
This report was published on February 25, 2025.
Target price is $1.19 Current Price is $0.95 Difference: $0.235
If PPE meets the Wilsons target it will return approximately 25% (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 8.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.37.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 5.70 cents and EPS of 13.30 cents.
At the last closing share price the estimated dividend yield is 5.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.18.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PPS PRAEMIUM LIMITED
Wealth Management & Investments – Overnight Price: $0.71
Wilsons rates ((PPS)) as Overweight (1) –
Praemium’s 1H25 revenue was in line with Wilsons’ forecast but the overall result disappointed on higher costs and lower-than-expected free cash flow. EBITDA was -12% below the broker’s estimate.
The key disappointment was OneVue, with the company reiterating synergy extraction and profit expectations despite the -$1bn FUA churn event. The broker has moderated market performance expectations due to a softer start to Q3.
FY25-26 EPS estimates have been cut by -11-14%. Overweight rating remains and target price is 89c.
This report was published on February 26, 2025.
Target price is $0.89 Current Price is $0.71 Difference: $0.175
If PPS 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 2.00 cents and EPS of 3.40 cents.
At the last closing share price the estimated dividend yield is 2.80%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.03.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 2.50 cents and EPS of 4.10 cents.
At the last closing share price the estimated dividend yield is 3.50%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.44.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PRN PERENTI LIMITED
Mining Sector Contracting – Overnight Price: $1.28
Canaccord Genuity rates ((PRN)) as Buy (1) –
Perenti delivered seasonally soft cash flow in the first half compounded by some late payments which Canaccord Genuity notes pushed net debt higher by 27%. This is expected to reverse in the second half and the broker forecasts cash conversion of 115%.
Over the next few months clarity will be sought on the major contract and a continuation of the share buyback. FY25 guidance has been reaffirmed with EBITA of $325-345m.
The main focus is on this Zone 5 contract, which the broker estimates currently accounts for around 8% of group earnings. Buy rating unchanged. Target rises to $1.35 from $1.28.
This report was published on February 25, 2025.
Target price is $1.35 Current Price is $1.28 Difference: $0.07
If PRN meets the Canaccord Genuity target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $1.48, suggesting upside of 15.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 6.00 cents and EPS of 13.70 cents.
At the last closing share price the estimated dividend yield is 4.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.34.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.8, implying annual growth of 64.1%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 7.2.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 6.70 cents and EPS of 17.80 cents.
At the last closing share price the estimated dividend yield is 5.23%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.4, implying annual growth of 9.0%.
Current consensus DPS estimate is 6.9, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 6.6.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((PRN)) as Buy (1) –
Perenti reported record revenue in 1H25 and reaffirmed FY25 guidance but 2H skew meant 1H net profit missed Moelis’ forecast.
Free cash flow was $30m and, together with post-balance sheet date debtor receipts of $42m, supports the company’s FY25 target of $150m plus, the broker comments.
Moelis notes work in hand stands at $4.7bn vs $5.1bn at end-June, and the pipeline of $17.1bn compares with $15.9bn. Recently won work packages in the 1H totalled $700m, demonstrating encouraging momentum in converting the pipeline, the broker highlights.
Target price rises marginally to $1.30 from $1.29. Buy retained.
This report was published on February 24, 2025.
Target price is $1.30 Current Price is $1.28 Difference: $0.02
If PRN meets the Moelis target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $1.48, suggesting upside of 15.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 7.00 cents and EPS of 17.60 cents.
At the last closing share price the estimated dividend yield is 5.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.8, implying annual growth of 64.1%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 7.2.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 7.00 cents and EPS of 18.30 cents.
At the last closing share price the estimated dividend yield is 5.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.99.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.4, implying annual growth of 9.0%.
Current consensus DPS estimate is 6.9, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 6.6.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PWR PETER WARREN AUTOMOTIVE HOLDINGS LIMITED
Automobiles & Components – Overnight Price: $1.39
Jarden rates ((PWR)) as Neutral (3) –
While Peter Warren Automotive reported an in line 1H25 result, the outlook for new car demand coupled with new car margins in the near term remains challenged, Jarden notes.
Gross margins are expected to deteriorate from 1H25 to 2H25 and then again in 1H26, before potential improvement is anticipated from FY27 and beyond.
With the number of Chinese brands roughly tripling over the next two years and bringing increased supply to the Australian market, particularly given protectionist policies in other key markets (e.g. US, Europe), Jarden sees downside risks to outer year margins.
Target falls to $1.45 from $1.90, Neutral retained.
This report was published on February 21, 2025.
Target price is $1.45 Current Price is $1.39 Difference: $0.06
If PWR meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $1.49, suggesting upside of 7.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 3.60 cents and EPS of 5.90 cents.
At the last closing share price the estimated dividend yield is 2.59%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.4, implying annual growth of -74.3%.
Current consensus DPS estimate is 3.3, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 25.7.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 5.50 cents and EPS of 9.10 cents.
At the last closing share price the estimated dividend yield is 3.96%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 9.8, implying annual growth of 81.5%.
Current consensus DPS estimate is 6.5, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 14.2.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
QBE QBE INSURANCE GROUP LIMITED
Insurance – Overnight Price: $21.53
Jarden rates ((QBE)) as Buy (1) –
With QBE Insurance delivering a clean result –profit 4% ahead of consensus– and providing guidance ahead of expectations, Jarden views this as proof the strategy is coming to fruition.
Although QBE has traded at a historical discount to global and domestic insurers due to earnings inconsistency, Jarden argues the discount is presently potentially unwarranted.
Longer term, QBE discussed ambitions of mid-single-digit ex-rate growth, which alongside 3% of rate suggests mid-to-high single digit level of growth, though Jarden is more conservative in its forecasts.
Target rises to $23.65 from $23.30, Buy retained.
This report was published on February 21, 2025.
Target price is $23.65 Current Price is $21.53 Difference: $2.12
If QBE meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $22.96, suggesting upside of 4.6%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 94.00 cents and EPS of 175.76 cents.
At the last closing share price the estimated dividend yield is 4.37%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 188.3, implying annual growth of N/A.
Current consensus DPS estimate is 90.0, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 11.7.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 101.00 cents and EPS of 186.46 cents.
At the last closing share price the estimated dividend yield is 4.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.55.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 202.5, implying annual growth of 7.5%.
Current consensus DPS estimate is 97.4, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 10.8.
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
QOR QORIA LIMITED
Software & Services – Overnight Price: $0.48
Wilsons rates ((QOR)) as Overweight (1) –
Qoria reported 1H25 EBITDA of $5.9m versus -$2.2m the year before, and operating cashflow doubled sequentially to $18m due to better working capital.
Wilsons once again highlights the company’s record sales pipeline of $32m and other opportunities including UK Monitoring Partnerships, revenue from AI and Japan sales from Softbank partnership.
The broker left FY25 EBITDA forecast unchanged but raised FY26-27 forecasts.
Overweight rating remains and target price is raised to 69c from 57c mainly on rolling forward the 6x EV/Sales multiple to FY26.
This report was published on February 26, 2025.
Target price is $0.69 Current Price is $0.48 Difference: $0.21
If QOR meets the Wilsons target it will return approximately 44% (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 1.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 28.24.
Forecast for FY26:
Wilsons 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 160.00.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
REH REECE LIMITED
Furniture & Renovation – Overnight Price: $17.25
Goldman Sachs rates ((REH)) as Sell (5) –
Reece’s 1H25 EBITDA of $475m was slightly ahead of Goldman Sachs’ forecast but the result highlighted margin pressure in Australia/NZ while US margins beat the forecast despite a subdued macro backdrop.
The broker notes the 13.7% margin in Australia/NZ vs its 14.3% forecast mainly reflects investments for the medium/long term, with benefits not visible in the near term.
A positive in the US was the company re-iterating its long-term target of 10-15 store roll-outs per annum.
The broker cut FY25 EBIT forecast by -5% and lowered FY25 net profit forecast by -10% to reflect lower earnings and higher costs. Target price declines to $19.50 from $22.80.
Sell rating retained.
This report was published on February 24, 2025.
Target price is $19.50 Current Price is $17.25 Difference: $2.25
If REH meets the Goldman Sachs target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $19.34, suggesting upside of 10.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 16.00 cents and EPS of 54.00 cents.
At the last closing share price the estimated dividend yield is 0.93%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 54.0, implying annual growth of -16.8%.
Current consensus DPS estimate is 23.8, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 32.5.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 24.00 cents and EPS of 60.00 cents.
At the last closing share price the estimated dividend yield is 1.39%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 28.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 60.1, implying annual growth of 11.3%.
Current consensus DPS estimate is 25.5, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 29.2.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RWL RUBICON WATER LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $0.28
Wilsons rates ((RWL)) as Overweight (1) –
Rubicon Water’s 1H25 sales beat Wilsons’ forecast as strong growth in RoW and Australia/NZ offset weakness in Asia.
The result highlighted growing opportunities from the Euro area and LatAm, and the broker increased sales forecast by 1-2% after adjusting the regional mix in favor of RoW and Australia/NZ.
The company’s near-term project pipeline has increased to $164m from $160m, while the global pipeline is over $225m.
Progress on debtor collections lagged, with the broker noting pending full payment remains important to re-inforce investor enthusiasm.
Target price rises to 46c from 41c mainly on rolling forward of the base year to FY26. Overweight rating stays.
This report was published on February 26, 2025.
Target price is $0.46 Current Price is $0.28 Difference: $0.18
If RWL meets the Wilsons target it will return approximately 64% (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 1.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 17.50.
Forecast for FY26:
Wilsons forecasts a full year FY26 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 280.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SKT SKY NETWORK TELEVISION LIMITED
Print, Radio & TV – Overnight Price: $2.26
Jarden rates ((SKT)) as Overweight (2) –
Jarden notes Sky Network Television’s 1H25 subscriber momentum was better than 2H24, which can be a source for potential upside given the ability to put prices up in sport and streaming platforms. The broker is taking a cautious approach for now.
In the 1H25, revenue was down -3% y/y and the network downgraded FY25 EBITDA guidance to NZ$145-152m from NZ$150-170m.
The broker is forecasting flat revenue in FY26 versus FY25, but expects EBITDA to get a boost over FY26-27 on Rugby savings.
Target price cut to NZ$2.95 from NZ$3.09. Overweight retained.
This report was published on February 21, 2025.
Current Price is $2.26. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 19.14 cents and EPS of 28.17 cents.
At the last closing share price the estimated dividend yield is 8.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.02.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 27.35 cents and EPS of 35.00 cents.
At the last closing share price the estimated dividend yield is 12.10%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.46.
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
SLC SUPERLOOP LIMITED
Telecommunication – Overnight Price: $2.19
Jarden rates ((SLC)) as Buy (1) –
Jarden describes Superloop’s 1H25 result as strong with elevated average revenue per unit, and underlying EBITDA coming in 3% ahead of its forecast.
The broker highlights growth accelerated in early 3Q as Origin Energy ((ORG)) picked up promotional intensity, noting monthly run-rate of net adds was double that of Nov/Dec. This provides confidence in the outlook longer-term.
The broker maintained FY25 forecasts in line with the top end of the company’s guidance.
EPS forecasts are upgraded but, as per commentary, are a function of a change in share count. Target price of $2.5 and Buy rating are unchanged.
This report was published on February 21, 2025.
Target price is $2.50 Current Price is $2.19 Difference: $0.31
If SLC meets the Jarden target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $2.61, suggesting upside of 20.4%(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 5.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 42.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 40.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 9.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.55.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 7.0, implying annual growth of 32.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 31.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SPK SPARK NEW ZEALAND LIMITED
Telecommunication – Overnight Price: $2.05
Goldman Sachs rates ((SPK)) as Neutral (3) –
Goldman Sachs notes Spark New Zealand’s 1H25 result was disappointing with even a -7% downgrade in FY25 EBITDA looking difficult to achieve.
Mobile service revenue was lower than expected, balance sheet leverage increased to 2.3x, and dividend policy was put under review.
A further increase in cost-cutting target is considered a positive along with ongoing discussion on data centre partnerships.
The company maintained FY25 dividend of NZ25c but the broker lowered FY26 forecast to NZ20c ahead of review.
Target price is NZ$2.75 and rating retained at Neutral.
This report was published on February 22, 2025.
Current Price is $2.05. Target price not assessed.
Current consensus price target is N/A
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 22.79 cents and EPS of 11.49 cents.
At the last closing share price the estimated dividend yield is 11.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.85.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.8, implying annual growth of N/A.
Current consensus DPS estimate is 22.5, implying a prospective dividend yield of 10.9%.
Current consensus EPS estimate suggests the PER is 14.9.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 18.23 cents and EPS of 14.22 cents.
At the last closing share price the estimated dividend yield is 8.89%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.9, implying annual growth of 8.0%.
Current consensus DPS estimate is 21.6, implying a prospective dividend yield of 10.5%.
Current consensus EPS estimate suggests the PER is 13.8.
This company reports in NZD. 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 ((SPK)) as Overweight (2) –
Spark New Zealand once again cut FY25 EBITDA guidance, this time to NZ$1,040-1,100m from NZ$1,120m-NZ$1,180m.
Jarden notes this is the fourth downgrade in a row, and its previously cautious forecast of NZ$1,116m now seems as not cautious enough.
The broker reckons the company has not addressed a significant deterioration in the IT business performance, and prefers to forecast FY25 EBITDA at the bottom of the guidance range at NZ$1,046m.
Target price declines to NZ$3.10 from NZ$3.80. Overweight rating maintained.
This report was published on February 22, 2025.
Current Price is $2.05. Target price not assessed.
Current consensus price target is N/A
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 22.79 cents and EPS of 11.03 cents.
At the last closing share price the estimated dividend yield is 11.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.59.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.8, implying annual growth of N/A.
Current consensus DPS estimate is 22.5, implying a prospective dividend yield of 10.9%.
Current consensus EPS estimate suggests the PER is 14.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 18.23 cents and EPS of 13.76 cents.
At the last closing share price the estimated dividend yield is 8.89%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.89.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.9, implying annual growth of 8.0%.
Current consensus DPS estimate is 21.6, implying a prospective dividend yield of 10.5%.
Current consensus EPS estimate suggests the PER is 13.8.
This company reports in NZD. 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
THL TOURISM HOLDINGS LIMITED
Travel, Leisure & Tourism – Overnight Price: $1.65
Wilsons rates ((THL)) as Market Weight (3) –
Following weakness in recreation vehicle (RV) sales in North America and Australia/NZ in Tourism Holdings Rentals’ 1H25 result, Wilsons’ has turned cautious on near-term prospects for the company.
The broker notes the company’s goal to deliver underlying profit growth in FY25, but believes this looks challenging as rental income growth is not enough to offset the weakness in RV sales.
The broker downgraded net profit forecast for FY25 by -15% as rebalancing across rentals and sales led to a -1% decline in its revenue estimate.
Revenue forecast rises by 5% by FY27 on cautious optimism on fleet growth in the medium term. Target price cut to $1.53 from $1.90. Market Weight rating remains.
This report was published on February 26, 2025.
Target price is $1.53 Current Price is $1.65 Difference: minus $0.12 (current price is over target).
If THL meets the Wilsons target it will return approximately minus 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.73, suggesting upside of 1.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Wilsons forecasts a full year FY25 dividend of 7.02 cents and EPS of 18.32 cents.
At the last closing share price the estimated dividend yield is 4.25%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.01.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.4, implying annual growth of N/A.
Current consensus DPS estimate is 7.5, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 8.8.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 11.03 cents and EPS of 21.69 cents.
At the last closing share price the estimated dividend yield is 6.68%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 25.7, implying annual growth of 32.5%.
Current consensus DPS estimate is 10.2, implying a prospective dividend yield of 6.0%.
Current consensus EPS estimate suggests the PER is 6.6.
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
TLX TELIX PHARMACEUTICALS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $28.46
Jarden rates ((TLX)) as Buy (1) –
The highlight of Telix Pharmaceuticals’ FY24 result was a significant upgrade to Illuccix’s revenue, Jarden notes, with the FY25 revenue guidance of $1.18-1.23bn significantly higher than expected.
The broker has upgraded its forecasts, noting revenue growth is also helped by incorporating the RLS acquisition into the numbers. FY25/26/27 forecasts are lifted by 52.2%, 34.3% and 5% respectively.
The broker highlights additional value would be unlocked from R&D projects risk-adjusted cashflows as they are approved.
Target rises to $29.14 from 22.59, Buy retained.
This report was published on February 23, 2025.
Target price is $29.14 Current Price is $28.46 Difference: $0.68
If TLX meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 45.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 62.14.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 64.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 44.40.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TTM TITAN MINERALS LIMITED
Gold & Silver – Overnight Price: $0.44
Canaccord Genuity rates ((TTM)) as Speculative Buy (1) –
Titan Minerals has results for metallurgical test work carried out on oxide ore material from the Cerro Verde prospect within the Dynasty gold project, Ecuador.
The average grade of the sample selected for the test work was 2.53g/t gold and 20.49g/t silver, considered to be representative of the potential head grade and gold: silver ratios for oxide ore.
The prospect accounts for around 60% of the metal at Dynasty and the broker believes this will underpin future development of the project.
Speculative Buy and target is $1.10.
This report was published on February 24, 2025.
Target price is $1.10 Current Price is $0.44 Difference: $0.66
If TTM meets the Canaccord Genuity target it will return approximately 150% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WES WESFARMERS LIMITED
Consumer Products & Services – Overnight Price: $74.16
Jarden rates ((WES)) as Underweight (4) –
The only negative in Wesfarmers’ 1H25 result, according to Jarden, was a risk to consensus expectations around the pace of Mt Holland mine turning to profit. This is because it creates a -$50-100m risk to EBIT in FY26-27.
In the 1H, EBIT beat consensus by 2% and the company talked about positive momentum in 2H. The broker is less worried about a catalyst for de-rate, noting its Underweight rating is a relative sector call.
In the near term, the broker expects Kmart, Bunnings and health brands to be the drivers, lifting FY25 EPS by 2%.
Target price rises to $67.5 from $61.00, and Underweight rating stays.
This report was published on February 20, 2025.
Target price is $67.50 Current Price is $74.16 Difference: minus $6.66 (current price is over target).
If WES meets the Jarden target it will return approximately minus 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $70.29, suggesting downside of -5.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 207.00 cents and EPS of 234.10 cents.
At the last closing share price the estimated dividend yield is 2.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.68.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 237.1, implying annual growth of 5.1%.
Current consensus DPS estimate is 201.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 31.3.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 238.00 cents and EPS of 268.70 cents.
At the last closing share price the estimated dividend yield is 3.21%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.60.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 264.2, implying annual growth of 11.4%.
Current consensus DPS estimate is 227.4, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 28.1.
Market Sentiment: -0.5
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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