Daily Market Reports | Mar 04 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.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
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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 ADH AEL (2) APA AUB (2) AVA CIP CNU DMP (2) EOS EVO EVT FCL GEM (2) GTN HLI INA (2) JLG KGN LFG LIC (2) LOV LRK (2) MAC (2) MAD MHJ MTO NEC (2) NHF NSR OBM PPS PRU PTM (2) QAL QOR RUL RWC SDF SGM STK SVR SYL SYR VEA WDS WGX
ABB AUSSIE BROADBAND LIMITED
Telecommunication – Overnight Price: $4.02
Jarden rates ((ABB)) as Overweight (2) –
Aussie Broadband posted solid operations in the first half, Jarden observes, with net additions better than expected.
The broker has become more positive as a result, believing the business can benefit from key structural tailwinds such as fibre connect and the new NBN pricing model.
The upcoming investor briefing should provide a positive catalyst as well. Overweight. Target is raised to $4.35 from $4.00.
This report was published on February 25, 2025.
Target price is $4.35 Current Price is $4.02 Difference: $0.33
If ABB meets the Jarden target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $4.52, suggesting upside of 14.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 8.00 cents and EPS of 16.90 cents.
At the last closing share price the estimated dividend yield is 1.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.79.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 26.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 12.00 cents and EPS of 26.10 cents.
At the last closing share price the estimated dividend yield is 2.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.40.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 20.6.
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: $2.33
Jarden rates ((ADH)) as Overweight (2) –
Moelis notes Adairs’ 1H25 revenue was broadly in line with consensus but within that Mocka beat forecasts, Adairs was in line and FoF missed due to weaker Victoria consumers.
Gross profit margin of 47.9% was lower than the 49% consensus.
Trading update for the first seven weeks of 2H showed group sales were up 9.2% y/y vs weak comps of -9.6%, with Adairs’ revenue growth running ahead of consensus.
The broker lowered revenue forecasts and downgraded profit margins, but also lowered cost of doing business forecasts on benefits from Mocka investment earlier and reduction in inefficiencies at Adairs.
Overweight rating and target price is $2.59.
This report was published on February 25, 2025.
Target price is $2.59 Current Price is $2.33 Difference: $0.26
If ADH meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $2.69, suggesting upside of 16.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 20.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.15.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 10.8.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 24.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.67.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 6.9%.
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
Canaccord Genuity rates ((AEL)) as Buy (1) –
Amplitude Energy’s 1H25 result beat Canaccord Genuity but the main story was the revelation that O.G. Energy is in the late stages of negotiating the acquisition of Mitsui’s 50% stake in the Otway JV, and in parallel is seeking to participate in Amplitude Energy’s three-well East Coast Supply Programme.
The likely removal of the Mitsui overhang is a huge boost for the development, the broker suggests, and should be welcomed by gas-users, regulators and government.
With gas contract pricing now in the “mid-teens” and the 150TJ Athena gas plant underutilised, Canaccord believes the ECSP will be highly economic despite rising construction costs. Target rises to 35c from 33c, Buy retained.
This report was published on February 25, 2025.
Target price is $0.35 Current Price is $0.21 Difference: $0.135
If AEL meets the Canaccord Genuity target it will return approximately 63% (excluding dividends, fees and charges).
Current consensus price target is $0.27, suggesting upside of 29.8%(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 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 71.67.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:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.3, implying annual growth of 228.6%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.1.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((AEL)) as Overweight (2) –
Amplitude Energy delivered a first half result that was ahead of estimates. FY25 guidance is unchanged including production of 65-72 TJe/day.
Jarden notes, importantly, terms for OG Energy to participate in the proposed Otway Basin drilling program have been negotiated, to commence in late 2025. This is a key catalysts as the new JV partner will fund a 50% share of the drilling program.
No change to Overweight rating and 25c target price.
This report was published on February 25, 2025.
Target price is $0.25 Current Price is $0.21 Difference: $0.035
If AEL meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $0.27, suggesting upside of 29.8%(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 0.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 53.75.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:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.65.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.3, implying annual growth of 228.6%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.1.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
APA APA GROUP
Infrastructure & Utilities – Overnight Price: $7.48
Jarden rates ((APA)) as Overweight (2) –
Jarden highlights concerns over APA Group raising equity to fund growth dissipated after the company said it could internally fund the -$1.8bn growth program.
The 1H25 EBITA was in line with the broker’s estimate but net profit missed mainly due to the change in currency hedging strategy.,
The broker slightly revised up EBITDA forecasts for FY25-27, but net profit forecasts were cut on lower-than-expected finance income and higher DD&A expenses.
Target price lifts to $8.5 from $8.3 after the broker factored in below-CPI corporate cost growth (previous forecast 6.3%) following the company’s guidance. Overweight rating maintained.
This report was published on February 25, 2025.
Target price is $8.50 Current Price is $7.48 Difference: $1.02
If APA meets the Jarden target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $7.81, suggesting upside of 5.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 57.00 cents and EPS of 14.40 cents.
At the last closing share price the estimated dividend yield is 7.62%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 51.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.2, implying annual growth of -79.0%.
Current consensus DPS estimate is 57.0, implying a prospective dividend yield of 7.7%.
Current consensus EPS estimate suggests the PER is 45.7.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 58.00 cents and EPS of 19.80 cents.
At the last closing share price the estimated dividend yield is 7.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 37.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 22.7, implying annual growth of 40.1%.
Current consensus DPS estimate is 58.0, implying a prospective dividend yield of 7.8%.
Current consensus EPS estimate suggests the PER is 32.6.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AUB AUB GROUP LIMITED
Insurance – Overnight Price: $31.25
Goldman Sachs rates ((AUB)) as Buy (1) –
Goldman Sachs notes AUB Group’s 1H25 underlying net profit after tax was slightly below expectations, with Tysers impacted by one-off costs, though Australian and NZ businesses outperformed.
Management retained FY25 guidance and medium-term margin targets are intact.
The analyst upgrades earnings forecasts by 5-6% from FY26/FY27 as Tysers’ one-off costs phase out. Organic growth slowed, but AUB is leveraging higher commission rates and fees to offset this. EBIT margins improved across divisions except NZ, which saw investment in growth.
Gearing increased, with a $250m debt facility secured to fund the Tysers earn-out and future M&A. The company continues to see acquisition opportunities in NZ and specialty segments.
Buy rating reiterated with a $37.00 target price.
This report was published on February 26, 2025.
Target price is $37.00 Current Price is $31.25 Difference: $5.75
If AUB meets the Goldman Sachs target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $35.58, suggesting upside of 15.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 89.00 cents and EPS of 169.00 cents.
At the last closing share price the estimated dividend yield is 2.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 175.6, implying annual growth of 39.7%.
Current consensus DPS estimate is 92.0, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 17.6.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 98.00 cents and EPS of 188.00 cents.
At the last closing share price the estimated dividend yield is 3.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 198.6, implying annual growth of 13.1%.
Current consensus DPS estimate is 104.0, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 15.6.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((AUB)) as Overweight (2) –
First half earnings from AUB Group were below Jarden’s estimates, largely because of the one-off impact from Tysers. The FY25 underlying profit guidance of $190-200m has been reiterated.
The broker continues to believe the fundamentals are compelling and there are building blocks to achieve double-digit EPS growth despite a slowdown in the premium rate cycle.
Jarden retains an Overweight rating and lifts the target to $37.30 from $36.10.
This report was published on February 26, 2025.
Target price is $37.30 Current Price is $31.25 Difference: $6.05
If AUB meets the Jarden target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $35.58, suggesting upside of 15.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 96.00 cents and EPS of 166.70 cents.
At the last closing share price the estimated dividend yield is 3.07%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 175.6, implying annual growth of 39.7%.
Current consensus DPS estimate is 92.0, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 17.6.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 111.00 cents and EPS of 195.00 cents.
At the last closing share price the estimated dividend yield is 3.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.03.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 198.6, implying annual growth of 13.1%.
Current consensus DPS estimate is 104.0, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 15.6.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AVA AVA RISK GROUP LIMITED
Hardware & Equipment – Overnight Price: $0.11
Canaccord Genuity rates ((AVA)) as Buy (1) –
Rapidly accelerating growth in its Detect segment saw Ava Risk’s revenue grow at a fast pace and move to an earnings positive position in the first half, Canaccord Genuity reports.
Guidance for the rest of FY25 and into FY26 is lower than before but still represents extremely healthy growth, the broker notes.
Overall, Ava Risk has lowered its revenue and earnings projections for FY25 and FY26 with the majority of the changes coming from a slower realisation of revenue from Adjacencies as they rely on uptake from partners.
Factoring in lower estimates from that guidance, Canaccord lowers its target price to 22c from 30c, but retains Buy.
This report was published on February 25, 2025.
Target price is $0.22 Current Price is $0.11 Difference: $0.113
If AVA meets the Canaccord Genuity target it will return approximately 106% (excluding dividends, fees and charges).
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 0.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 53.50.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.64 cents and EPS of 1.80 cents.
At the last closing share price the estimated dividend yield is 5.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.94.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CIP CENTURIA INDUSTRIAL REIT
REITs – Overnight Price: $3.00
Jarden rates ((CIP)) as Overweight (2) –
Centuria Industrial REIT is well-positioned for three-year EBIT growth of 6.7% out to FY28, Jarden asserts, supported by a -$1bn development pipeline targeted at the relatively resilient urban infill market on the eastern seaboard.
While higher vacancy and incentives have muted rental growth across the broader logistics market, the broker believes the REIT should be “relatively insulated” because of the urban infill exposure.
The main challenge is attracting marginal investors at a time when headwinds are building in global logistics, the broker adds.
Overweight rating and $3.30 target price retained.
This report was published on February 25, 2025.
Target price is $3.30 Current Price is $3.00 Difference: $0.3
If CIP meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $3.38, suggesting upside of 13.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 16.30 cents and EPS of 17.60 cents.
At the last closing share price the estimated dividend yield is 5.43%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 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 16.8.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 16.30 cents and EPS of 17.50 cents.
At the last closing share price the estimated dividend yield is 5.43%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.14.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 16.8.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CNU CHORUS LIMITED
Telecommunication – Overnight Price: $7.45
Jarden rates ((CNU)) as Underweight (4) –
Jarden notes Chorus’ 1H25 result was a little softer with an implied downgrade in FY25 guidance to the bottom end of the NZ$700-720m range.
The broker believes the sequential slowing in fibre revenue was partly due to price increases being pushed out by three months to January 2025.
The broker reckons there are limited signs of product mix negatively impacting revenue, but will be watching the mix and connections outlook closely. The real test will come from speed upgrades, the broker highlights.
Slight changes to forecasts with the analyst making some additional allowance for downward mix shift on competition and a soft economy, but also reducing depreciation assumptions.
Target price rises to NZ$8.17 from NZ$8.14. Underweight maintained.
This report was published on February 24, 2025.
Current Price is $7.45. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 52.41 cents and EPS of 1.28 cents.
At the last closing share price the estimated dividend yield is 7.03%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 583.86.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 53.59 cents and EPS of 12.85 cents.
At the last closing share price the estimated dividend yield is 7.19%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 57.97.
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
DMP DOMINO’S PIZZA ENTERPRISES LIMITED
Food, Beverages & Tobacco – Overnight Price: $27.58
Goldman Sachs rates ((DMP)) as Buy (1) –
Domino’s Pizza Enterprises’ 1H25 results were in line with the pre-announcement, with earnings (EBIT) stabilising despite a -6.4% revenue decline.
As per Goldman Sachs’ commentary, management now sees FY25 earnings (EBIT) growth as dependent on Japan’s sales momentum, network cost savings, and store closures.
Same-store sales growth in 2H25, year-to-date, softened, partly due to the earlier Lunar New Year in Asia. Cost savings of -$100m are targeted by FY27, with -$50m expected in FY25, the broker notes.
Target price slips to $37.30 from $38.30. Buy rating reiterated.
This report was published on February 26, 2025.
Target price is $37.30 Current Price is $27.58 Difference: $9.72
If DMP meets the Goldman Sachs target it will return approximately 35% (excluding dividends, fees and charges).
Current consensus price target is $32.29, suggesting upside of 20.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 105.00 cents and EPS of 131.00 cents.
At the last closing share price the estimated dividend yield is 3.81%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 131.0, implying annual growth of 22.8%.
Current consensus DPS estimate is 106.3, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 20.5.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 130.00 cents and EPS of 162.00 cents.
At the last closing share price the estimated dividend yield is 4.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.02.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 150.2, implying annual growth of 14.7%.
Current consensus DPS estimate is 117.0, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 17.9.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((DMP)) as Overweight (2) –
Domino’s Pizza Enterprises posted first half results that were in line with expectations.
Jarden found the commentary a little inconsistent with the past as cost reductions appear to have shifted to gross versus net, leading to a cut in forward estimates, with most cost savings to be invested and/or used to offset underlying inflation.
The broker has become less confident in the company’s ability to grow earnings in FY25 and notes there was no update on potential regional exit/sales although further detail is expected at the strategy briefing.
The stock is considered fundamentally undervalued owing to its high return franchisor model, but catalysts appear to have been pushed out, Jarden comments. Overweight. Target is reduced to $39 from $40.
This report was published on February 25, 2025.
Target price is $39.00 Current Price is $27.58 Difference: $11.42
If DMP meets the Jarden target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $32.29, suggesting upside of 20.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 127.00 cents and EPS of 131.90 cents.
At the last closing share price the estimated dividend yield is 4.60%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.91.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 131.0, implying annual growth of 22.8%.
Current consensus DPS estimate is 106.3, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 20.5.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 136.00 cents and EPS of 158.30 cents.
At the last closing share price the estimated dividend yield is 4.93%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 150.2, implying annual growth of 14.7%.
Current consensus DPS estimate is 117.0, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 17.9.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EOS ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED
Hardware & Equipment – Overnight Price: $1.12
Canaccord Genuity rates ((EOS)) as Buy (1) –
Electro Optic Systems pre-released the majority of its key metrics at its Dec Q update, leaving few surprises in its FY24 results. Revenue and earnings beat Canaccord Genuity’s forecasts.
No explicit guidance was provided, but management acknowledged that to achieve flat revenue growth in FY25, additional contracts would need to be converted to confirmed orders throughout the year and expects a second-half weighting to revenue.
The company reported a contracted backlog of $136m, with a large proportion expected to unwind in FY25. Laser weapons and counter-satellite capabilities provide future growth opportunities, the broker notes.
Buy and $1.90 target retained.
This report was published on March 4, 2025.
Target price is $1.90 Current Price is $1.12 Difference: $0.78
If EOS meets the Canaccord Genuity target it will return approximately 70% (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 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 7.04.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 9.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 11.67.
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) –
Embark Early Education reported 26% growth in centre earnings, and Canaccord Genuity expects this to accelerate to 36% in 2025 primarily on the back of fee growth, acquisitions and robust margins.
Earnings were roughly in line with expectations, up 26% year on year. Revenue rose 29%. The company continues to deliver impressive occupancy, the broker notes, which despite falling -2.5% in 2024, still averaged 80% for the year.
The broker highlights the company has the balance sheet capacity to drive future acquisitions. Target rises to $1.04 from $1.02, Buy retained.
This report was published on March 4, 2025.
Target price is $1.04 Current Price is $0.78 Difference: $0.26
If EVO meets the Canaccord Genuity target it will return approximately 33% (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 9.00 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 8.67.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 7.10 cents and EPS of 10.90 cents.
At the last closing share price the estimated dividend yield is 9.10%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.16.
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
EVT EVT LIMITED
Travel, Leisure & Tourism – Overnight Price: $14.37
Jarden rates ((EVT)) as Buy (1) –
Jarden highlights EVT’s 1H25 result was very strong with net profit beating consensus by 80% on strong performance from hotels and cinemas.
The company flagged divestment of 525 George Street and the broker thinks other assets could also be put on sale as strategic options for the broader George and Market Street assets are considered.
The broker highlights margin expansion in the hotels business and thinks cinemas look undervalued following re-acceleration in 2Q25. This, combined with asset sales and strategic reviews, could lead to a re-rate of the stock, the broker believes.
The analyst upgraded FY25-27 EBITDA forecasts and raised terminal EBITDA forecast by 15% due to revenue upgrades. Target price rises to $15.88 from $12.29. Buy retained.
This report was published on February 24, 2025.
Target price is $15.88 Current Price is $14.37 Difference: $1.51
If EVT meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $15.20, suggesting upside of 7.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 25.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 55.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.4, implying annual growth of 788.9%.
Current consensus DPS estimate is 31.0, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 53.7.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 34.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 41.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 43.9, implying annual growth of 66.3%.
Current consensus DPS estimate is 35.0, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 32.3.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
FCL FINEOS CORPORATION HOLDINGS PLC
Cloud services – Overnight Price: $1.73
Moelis rates ((FCL)) as Buy (1) –
Fineos Corp’s FY24 revenue beat guidance, with Moelis noting annual recurring revenue grew 9% y/y after accounting for the churn and exchange rate benefit, and costs were flat.
The company is targeting higher revenue in FY25, citing increasing activity from existing clients, client upgrades and pipeline conversion. The broker has upgraded EBITDA estimates after raising its revenue forecast and reducing cost estimates.
Target price rises to $2.17. Buy rating maintained.
This report was published on February 26, 2025.
Target price is $2.17 Current Price is $1.73 Difference: $0.44
If FCL meets the Moelis target it will return approximately 25% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY25:
Moelis forecasts a full year FY25 EPS of minus 0.66 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 263.32.
Forecast for FY26:
Moelis forecasts a full year FY26 EPS of 0.99 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 175.63.
This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GEM G8 EDUCATION LIMITED
Childcare – Overnight Price: $1.38
Canaccord Genuity rates ((GEM)) as Buy (1) –
G8 Education reported 2024 earnings ahead of Canaccord Genuity’s expectations.
While the level of occupancy to start 2025 was lower than anticipated, the broker argues management commentary around the increasing level of enquiries suggests some occupancy support this year.
Occupancy can potentially step up again in 2026 as funding to the sector increases, the broker notes.
Canaccord sees strong free cash flow, positive margin momentum, a sound balance sheet, and earnings growth accelerating over the next 18 months. Target rises to $1.51 from $1.46, Buy retained.
This report was published on March 4, 2025.
Target price is $1.51 Current Price is $1.38 Difference: $0.135
If GEM meets the Canaccord Genuity target it will return approximately 10% (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 10.00 cents.
At the last closing share price the estimated dividend yield is 4.36%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.75.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 6.00 cents and EPS of 11.00 cents.
At the last closing share price the estimated dividend yield is 4.36%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.50.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((GEM)) as Buy (1) –
Moelis notes G8 Education’s FY24 result showed a weak 2H which continued into FY25, with occupancy as of February 16 tracking below the year before. The overall FY24 revenue and underlying EPS still beat the broker’s forecasts.
The broker notes the company gave no formal guidance but is cautiously optimistic following some momentum in enquiries and a favourable macro environment from easing inflation and interest rates, and higher female workforce participation.
The company is also expected to benefit from three days of guaranteed subsidised childcare starting January 2026.
The broker made small changes to forecasts based on a cautious outlook on occupancy. Target price rises to $1.52 from $1.46. Buy maintained.
This report was published on February 26, 2025.
Target price is $1.52 Current Price is $1.38 Difference: $0.145
If GEM meets the Moelis target it will return approximately 11% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 6.20 cents and EPS of 9.40 cents.
At the last closing share price the estimated dividend yield is 4.51%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.63.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 6.80 cents and EPS of 10.70 cents.
At the last closing share price the estimated dividend yield is 4.95%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.85.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GTN GTN LIMITED
Print, Radio & TV – Overnight Price: $0.55
Canaccord Genuity rates ((GTN)) as Downgrade to Hold from Buy (3) –
Despite GTN’s 2% year on year increase in revenue, adjusted earnings declined as costs rose across the business, Canaccord Genuity notes. Capital management is the watchword now as GTN seeks to maximise cash returns to shareholders.
With a very particular governance structure representing one group of investors at board level, Canaccord downgrades to Hold from Buy and cuts its target price to 55c from 75c.
This report was published on March 4, 2025.
Target price is $0.55 Current Price is $0.55 Difference: $0.005
If GTN meets the Canaccord Genuity target it will return approximately 1% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 3.80 cents and EPS of 7.20 cents.
At the last closing share price the estimated dividend yield is 6.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.57.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 5.90 cents and EPS of 9.80 cents.
At the last closing share price the estimated dividend yield is 10.83%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.56.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HLI HELIA GROUP LIMITED
Insurance – Overnight Price: $6.15
Goldman Sachs rates ((HLI)) as Neutral (3) –
Goldman Sachs notes Helia Group’s 2024 underlying net profit after tax declined -11% year-on-year but was still in line with the analyst’s estimates and above consensus expectations by 7%.
The claims ratio saw a higher-than-expected 9.6% release, with new delinquencies continuing to normalise.
The analyst revises underlying EPS forecasts up by 1.5% in FY25 and down by -11.1% in FY26.
The broker remains Neutral rated due to challenges in new business growth and uncertainty around CommBank’s ((CBA)) request for proposal.
Target price rises to $4.99 from $4.52.
This report was published on February 26, 2025.
Target price is $4.99 Current Price is $6.15 Difference: minus $1.16 (current price is over target).
If HLI meets the Goldman Sachs target it will return approximately minus 19% (excluding dividends, fees and charges – negative figures indicate an expected loss).
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 59.00 cents.
At the last closing share price the estimated dividend yield is 8.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.42.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 49.00 cents and EPS of 65.00 cents.
At the last closing share price the estimated dividend yield is 7.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.46.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
INA INGENIA COMMUNITIES GROUP
Aged Care & Seniors – Overnight Price: $5.76
Jarden rates ((INA)) as Downgrade to Overweight from Buy (2) –
Ingenia Communities is executing well, Jarden observes, with first half results ahead of expectations. The risk to new FY25 guidance appears to the upside as volume and margins continue to expand.
The broker also welcomes management’s view that organic growth will take precedence over potential industry consolidation.
As the shares are up 25% over the year to date Jarden downgrades to Overweight from Buy. Target is raised to $6.40 from $5.70.
This report was published on February 25, 2025.
Target price is $6.40 Current Price is $5.76 Difference: $0.64
If INA meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $6.30, suggesting upside of 11.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 10.40 cents and EPS of 29.80 cents.
At the last closing share price the estimated dividend yield is 1.81%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.2, implying annual growth of 719.8%.
Current consensus DPS estimate is 12.6, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 20.0.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 11.60 cents and EPS of 33.20 cents.
At the last closing share price the estimated dividend yield is 2.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.35.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.7, implying annual growth of 12.4%.
Current consensus DPS estimate is 15.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 17.8.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((INA)) as Sell (5) –
Ingenia Communities posted first half earnings that were above the level required to meet the recently upgraded FY25 guidance for underlying EPS of 29-30c.
Moelis notes this reflects improvements across most of the business and the exposure to the strong Queensland housing market.
Estimates are raised, although the broker notes higher capital costs associated with development settlements are excluded from underlying metrics.
Sell rating is retained on valuation grounds and the target is unchanged at $4.14.
This report was published on February 26, 2025.
Target price is $4.14 Current Price is $5.76 Difference: minus $1.62 (current price is over target).
If INA meets the Moelis target it will return approximately minus 28% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.30, suggesting upside of 11.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 12.20 cents and EPS of 30.30 cents.
At the last closing share price the estimated dividend yield is 2.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.01.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.2, implying annual growth of 719.8%.
Current consensus DPS estimate is 12.6, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 20.0.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 14.00 cents and EPS of 31.90 cents.
At the last closing share price the estimated dividend yield is 2.43%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.06.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.7, implying annual growth of 12.4%.
Current consensus DPS estimate is 15.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 17.8.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
JLG JOHNS LYNG GROUP LIMITED
Building Products & Services – Overnight Price: $2.75
Moelis rates ((JLG)) as Buy (1) –
First half results from Johns Lyng were below expectations. While guidance has been downgraded for FY25, Moelis notes the second half appears achievable.
The weather cycle is unpredictable yet a higher frequency of domestic storm activity is likely to drive revenue off a low base, Moelis adds.
Strata is expected to be a stable performer and the US business provides upside in the medium term. Buy rating retained. Target is reduced to $3.34 from $5.11.
This report was published on February 26, 2025.
Target price is $3.34 Current Price is $2.75 Difference: $0.59
If JLG meets the Moelis target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $2.78, suggesting upside of 2.2%(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 15.00 cents.
At the last closing share price the estimated dividend yield is 2.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.9, implying annual growth of -14.1%.
Current consensus DPS estimate is 6.9, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 18.3.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 6.60 cents and EPS of 17.20 cents.
At the last closing share price the estimated dividend yield is 2.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.99.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 17.5, implying annual growth of 17.4%.
Current consensus DPS estimate is 8.3, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 15.5.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
KGN KOGAN.COM LIMITED
Retailing – Overnight Price: $5.14
Jarden rates ((KGN)) as Underweight (4) –
Jarden notes Kogan.com’s January gross sales of $80.4m, up 24.9%, was strong but EBITDA fell -38.1% y/y to $3m mainly on marketing spend to drive growth.
The broker believes the retailer continues to face long-term competitive threats and will watch growth-related spending for signs of lasting success.
The 1H25 net profit missed consensus by -5% on higher-than-expected interest expense. Still, the broker reckons some reasons for optimism include Wesfarmers’ ((WES)) announcing the closure of Catch which will improve the competitive environment for Kogan.
The broker downgraded FY25-27 EBITDA and gross margins forecasts, but upgraded revenue forecasts on the strong trading update.
Target price is $4.05. Underweight retained.
This report was published on February 24, 2025.
Target price is $4.05 Current Price is $5.14 Difference: minus $1.09 (current price is over target).
If KGN meets the Jarden target it will return approximately minus 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.90, suggesting downside of -1.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 13.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.07.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 28.1.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 15.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 33.38.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
LFG LIBERTY FINANCIAL GROUP LIMITED
Diversified Financials – Overnight Price: $3.74
Jarden rates ((LFG)) as Neutral (3) –
Liberty Financial’s 1H25 core earnings were up 3.5% sequentially driven by small volume growth, stable margins and cost control. The lender has prioritised margin discipline over volume growth.
Given the limited appetite for strong volume, the broker expects net interest margin to remain stable at around 2.47% in FY25 (2.46% in 1H) before a small recovery in FY26. The broker also forecasts mid-single digit volume growth growth in the near term.
The analyst cut EPS forecasts for FY25-26 by -3.8% and -9.0 respectively on a slowerf margin and volume growth trajectory. Target price of $3.75 and Neutral rating are unchanged.
This report was published on February 24, 2025.
Target price is $3.75 Current Price is $3.74 Difference: $0.01
If LFG meets the Jarden target it will return approximately 0% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 35.00 cents and EPS of 44.90 cents.
At the last closing share price the estimated dividend yield is 9.36%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.33.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 28.00 cents and EPS of 48.50 cents.
At the last closing share price the estimated dividend yield is 7.49%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.71.
Market Sentiment: 1.0
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: $7.79
Canaccord Genuity rates ((LIC)) as Hold (3) –
Lifestyle Communities delivered a solid 1H25 result, according to Canaccord Genuity, with revenues of $112.8m, up 13% year-on-year, and profit of $22.7m, a 9% increase from 1H24.
Despite a challenging period marked by a soft Victorian property market and adverse media coverage, the broker points out profit guidance was achieved.
New home settlements totaled 137, surpassing the analyst’s expectations, although resales saw a decline.
Balance sheet management remains a key focus, suggests Canaccord, with net debt increasing to $355.5m as of 1H25, and the company is working on reducing its land bank to recoup $80m-$100m.
The company expects $134m in land settlements in 2H25, notes the analyst, which will help reduce debt and preserve cash flow.
The broker lowers its target price to $8.99 from $9.75, maintaining a Hold rating due to the subdued near-term outlook, reflecting the slow pace of new home sales and challenges in the property market.
This report was published on February 26, 2025.
Target price is $8.99 Current Price is $7.79 Difference: $1.2
If LIC meets the Canaccord Genuity target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 25.6%(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 35.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.82.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 19.9.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 34.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.45.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 20.2.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((LIC)) as Underweight (4) –
Jarden observes the tough environment for Lifestyle Communities and considers a trough in settlements could still be a year away.
The slowdown in development projects implies a recovery in the medium term could be slower than previously expected.
First half settlements were a little stronger than expected and Jarden acknowledges management is taking the correct action to preserve its capital structure.
Yet, the valuation does not appear compelling and an Underweight rating is retained. Target is reduced to $8.60 from $9.10.
This report was published on February 25, 2025.
Target price is $8.60 Current Price is $7.79 Difference: $0.81
If LIC meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 25.6%(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 39.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.52.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 19.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 8.00 cents and EPS of 39.80 cents.
At the last closing share price the estimated dividend yield is 1.03%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.57.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 20.2.
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: $28.70
Jarden rates ((LOV)) as Overweight (2) –
Lovisa Holdings delivered a mixed 1H25 result, according to Jarden, with earnings (EBIT) -2% below consensus and profit also missing consensus by -10% primarily due to a higher effective tax rate.
Revenue grew by 8.8% year-on-year, but was slightly below the broker’s expectations.
Notably, Lovisa saw a strong improvement in gross profit margins, expanding by 170bps to 82.4%, which exceeded consensus estimates, highlights Jarden. The trading update for the first eight weeks of H2 also beat the consensus expectation.
While the store rollout was slightly slower than expected, management aims to open more stores in FY25 than the previous year, observe the analysts.
Target eases to $29.02 from $29.03. Overweight retained.
This report was published on February 25, 2025.
Target price is $29.02 Current Price is $28.70 Difference: $0.32
If LOV meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $30.25, suggesting upside of 9.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 EPS of 81.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 35.17.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 2.9%.
Current consensus EPS estimate suggests the PER is 33.3.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 98.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 29.02.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 3.3%.
Current consensus EPS estimate suggests the PER is 26.2.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
LRK LARK DISTILLING CO. LIMITED
Food, Beverages & Tobacco – Overnight Price: $1.02
Canaccord Genuity rates ((LRK)) as Speculative Buy (1) –
Lark Distilling Co’s 1H net sales of $7.9m were supported by stronger direct-to-consumer (D2C), Global Travel Retail (GTR), and export sales, observes Canaccord Genuity, though domestic B2B sales were weaker.
Management is focused on expanding into Asian markets and increasing brand recognition through higher advertising and marketing spend, explain the analysts, and the sale of the company’s Bothwell facility for $4.1m will help fund such growth initiatives.
The launch of the new Kurio product is set for next month as part of the House of Lark offering.
Lark’s operational cash flow burn of -$2.6m was higher than the previous period, but the company remains in a solid financial position with a cash balance of $23.6m and no debt, assures Canaccord.
A Speculative Buy rating and $1.50 target price are retained.
This report was published on February 26, 2025.
Target price is $1.50 Current Price is $1.02 Difference: $0.475
If LRK meets the Canaccord Genuity target it will return approximately 46% (excluding dividends, fees and charges).
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 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.64.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 17.08.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((LRK)) as Hold (3) –
Lark Distilling delivered sales growth of 7% in the first half and with the balance sheet de-risked Moelis notes the focus is now on continued strong growth.
While it is early days for the export strategy, which progressively ramps up into FY26, the broker notes the cash burden should peak in the current year and there are sufficient options to bridge the funding gap in order to break even on cash flow by FY27.
Hold maintained. Target is $1.20.
This report was published on February 26, 2025.
Target price is $1.20 Current Price is $1.02 Difference: $0.175
If LRK meets the Moelis target it will return approximately 17% (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 minus 4.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 23.30.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 26.28.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MAC MAC COPPER LIMITED
Copper – Overnight Price: $16.23
Canaccord Genuity rates ((MAC)) as Buy (1) –
MAC Copper’s FY24 results showed only a slight miss on revenue and earnings (EBITDA,) relative to Canaccord Genuity’s forecasts,
The revenue shortfall was mainly due to higher operating costs, explains the broker, while the net loss after tax (NLAT) of -US$70m was better-than-expected, driven by lower depreciation and a US$9m income tax benefit.
Cash flow from operations of US$117m was solid, highlight the analysts.
Production guidance for 2025 remains steady, with expectations of 43-48kt of copper production, and capex guidance is set between -US$60-75m.
The Buy rating and $21 target are unchanged.
This report was published on February 26, 2025.
Target price is $21.00 Current Price is $16.23 Difference: $4.77
If MAC meets the Canaccord Genuity target it will return approximately 29% (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 0.00 cents and EPS of minus 45.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 36.07.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 231.86.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((MAC)) as Buy (1) –
Moelis observes MAC Copper’s FY24 result was messy with a lot of moving parts. Revenue came in at US$340.7m, beating the broker’s forecast of US$325.6m.
One important catalyst, in the broker’s view, is the negotiation on repayment of an expensive debt facility funded from equity raised last year.
The broker notes the FY26 guidance of only 50.5kt copper at midpoint is a function of SEC requirement which doesn’t allow inclusion of resources in forward-looking numbers. The analyst is sticking to 55kt copper forecast for FY26 and 48kt for FY25.
The broker cut 1Q25 production forecast following management commentary, revised finance costs and added modest capital beyond FY25.
Target price cut to $24 from $25. Buy retained.
This report was published on February 25, 2025.
Target price is $24.00 Current Price is $16.23 Difference: $7.77
If MAC meets the Moelis target it will return approximately 48% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 103.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.65.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 184.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.80.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MAD MADER GROUP LIMITED
Mining Sector Contracting – Overnight Price: $6.26
Moelis rates ((MAD)) as Buy (1) –
Moelis notes Mader Group’s 1H25 result showed expanded margin and continued growth in Australia, but was partly offset by flat performance in North America.
The company ended December with a $22m cash balance, and net debt improved to $23.2m from $31m in June.
The company reiterated FY25 guidance, which the broker believes is achievable from workflow momentum and higher expected utilisation of increased hiring.
The broker lifted FY25-27 EPS estimates mainly on interest expense reduction. Target price rises to $6.83 from $6.52, and Buy maintained.
This report was published on February 25, 2025.
Target price is $6.83 Current Price is $6.26 Difference: $0.57
If MAD meets the Moelis target it will return approximately 9% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 8.00 cents and EPS of 29.00 cents.
At the last closing share price the estimated dividend yield is 1.28%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.59.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 8.00 cents and EPS of 34.00 cents.
At the last closing share price the estimated dividend yield is 1.28%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.41.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MHJ MICHAEL HILL INTERNATIONAL LIMITED
Luxury – Overnight Price: $0.46
Jarden rates ((MHJ)) as Buy (1) –
Recent trading data for Michael Hill show positive momentum, highlights Jarden, with same-store sales up 3.2% year-on-year for the first seven weeks of 2H25.
The update shows a marked improvement, observes the broker, especially in Australia and Canada, though New Zealand continues to struggle.
The analysts also note a better-than-expected interim result, partly due to a number of higher-margin product releases resonating well with customers.
The target rises to NZ$0.80 from NZ$0.75. Buy retained.
This report was published on February 25, 2025.
Current Price is $0.46. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 1.00 cents and EPS of 1.40 cents.
At the last closing share price the estimated dividend yield is 2.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 32.50.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 4.00 cents and EPS of 6.20 cents.
At the last closing share price the estimated dividend yield is 8.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.34.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MTO MOTORCYCLE HOLDINGS LIMITED
Automobiles & Components – Overnight Price: $2.00
Moelis rates ((MTO)) as Buy (1) –
Moelis welcomed the “solid” first half result from Motorcycle Holdings where underlying net profit was up 43% and front-end sales were up 11%. No quantified guidance was provided.
While new bike margins remain under pressure, there are some signs margins are stabilising, the broker notes. Mojo continues to grow strongly as well.
Moelis upgrades estimates for FY25-27 EPS by 8-13% to reflect stronger revenue and improved cost control. Buy rating retained. Target is $2.85.
This report was published on February 26, 2025.
Target price is $2.85 Current Price is $2.00 Difference: $0.855
If MTO meets the Moelis target it will return approximately 43% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 16.10 cents and EPS of 26.30 cents.
At the last closing share price the estimated dividend yield is 8.07%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.59.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 17.50 cents and EPS of 29.10 cents.
At the last closing share price the estimated dividend yield is 8.77%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.86.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NEC NINE ENTERTAINMENT CO. HOLDINGS LIMITED
Print, Radio & TV – Overnight Price: $1.65
Goldman Sachs rates ((NEC)) as Buy (1) –
Nine Entertainment ‘s 1H25 results were slightly mixed, with revenue down -2% but earnings (EBITDA) and net profit after tax ahead by 2% and 3% versus Goldman Sachs’ estimates. No update was provided on the CoStar/Domain ((DHG)) proposal, though management re-affirmed Domain’s strategic importance.
The analyst expects stronger 2H25 total TV revenue, forecasting growth of 5%, supported by timing benefits in 3Q25 and potential Federal Election and rate cut impacts. Cost reductions remain a focus, with a new -$100m target by FY27, building on the -$50m FY25 savings plan.
Metro Media earnings (EBITDA) is expected to decline in 2H25 due to ad-market seasonality and investment, while Nine Audio ad revenue is forecast to fall slightly. The company is reviewing its asset portfolio but sees digital video as a key growth area.
The broker raises FY25-27 earnings (EBITDA) estimates by 7% to 9%, increasing the 12-month target price to $1.80 from $1.65. Buy rating maintained.
This report was published on February 26, 2025.
Target price is $1.80 Current Price is $1.65 Difference: $0.155
If NEC meets the Goldman Sachs target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $1.82, suggesting upside of 12.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 7.00 cents and EPS of 10.00 cents.
At the last closing share price the estimated dividend yield is 4.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 9.7, implying annual growth of 41.2%.
Current consensus DPS estimate is 6.5, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 16.6.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 9.00 cents and EPS of 12.00 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 13.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.1, implying annual growth of 35.1%.
Current consensus DPS estimate is 9.5, implying a prospective dividend yield of 5.9%.
Current consensus EPS estimate suggests the PER is 12.3.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((NEC)) as Overweight (2) –
First half results from Nine Entertainment were largely in line. Jarden observes the positive reaction from the market stemmed from two key factors: high single-digit growth in total TV advertising revenues and the announcement of more than -$100m in cost efficiencies to be realised through to the end of FY27.
The broker assesses the cost savings are “somewhat priced in”, yet remains positive on the stock. Overweight. Target rises to $1.85 from $1.80.
This report was published on February 25, 2025.
Target price is $1.85 Current Price is $1.65 Difference: $0.205
If NEC meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $1.82, suggesting upside of 12.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 5.70 cents and EPS of 8.10 cents.
At the last closing share price the estimated dividend yield is 3.47%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 9.7, implying annual growth of 41.2%.
Current consensus DPS estimate is 6.5, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 16.6.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 6.60 cents and EPS of 9.30 cents.
At the last closing share price the estimated dividend yield is 4.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.1, implying annual growth of 35.1%.
Current consensus DPS estimate is 9.5, implying a prospective dividend yield of 5.9%.
Current consensus EPS estimate suggests the PER is 12.3.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NHF NIB HOLDINGS LIMITED
Insurance – Overnight Price: $6.75
Jarden rates ((NHF)) as Upgrade to Overweight from Neutral (2) –
Jarden raises its target for nib Holdings to $7.00 from $6.70 and upgrades to Overweight from Neutral, assessing lower downside risks following a “solid” underlying 1H result.
The broker highlights a consensus-beating performance in the Australian Resident Health Insurance (ARHI) segment. Profit was in line with consensus due to one-off costs related to a productivity program and M&A integration.
Also, the combination of an ARHI margin recovery and easing inflationary pressures in the hospital book offers increased confidence in management’s ability to meet long-term margin targets, suggest the analysts.
This report was published on February 25, 2025.
Target price is $7.00 Current Price is $6.75 Difference: $0.25
If NHF meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $6.77, suggesting upside of 0.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 29.00 cents and EPS of 37.70 cents.
At the last closing share price the estimated dividend yield is 4.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.90.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 4.1%.
Current consensus EPS estimate suggests the PER is 15.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 31.00 cents and EPS of 43.10 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 15.66.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 14.6.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NSR NATIONAL STORAGE REIT
REITs – Overnight Price: $2.18
Moelis rates ((NSR)) as Hold (3) –
National Storage REIT delivered a first half result that reflected softer occupancy, which Moelis believes continues to weigh on the outlook.
Ultimately, the broker posits, occupancy growth is required to provide some level of comfort around broader market operating conditions.
The company has re-affirmed underlying FY25 earnings guidance of $163m or 11.8 cents in terms of EPS, with a distribution payout of 90-10 0%.
The broker retains a Hold rating and the target edges down to $2.37 from $2.40.
This report was published on February 26, 2025.
Target price is $2.37 Current Price is $2.18 Difference: $0.19
If NSR meets the Moelis target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $2.52, suggesting upside of 18.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 11.10 cents and EPS of 11.80 cents.
At the last closing share price the estimated dividend yield is 5.09%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.47.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.9, implying annual growth of -29.6%.
Current consensus DPS estimate is 11.2, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 17.9.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 11.20 cents and EPS of 12.10 cents.
At the last closing share price the estimated dividend yield is 5.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.02.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.4, implying annual growth of 4.2%.
Current consensus DPS estimate is 11.9, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 17.2.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
OBM ORA BANDA MINING LIMITED
Gold & Silver – Overnight Price: $0.92
Moelis rates ((OBM)) as Hold (3) –
Ora Banda Mining delivered revenue in the first half that was in line with expectations. Moelis found the results made no significant difference to the outlook, noting the company continues to build momentum.
The broker retains a Hold rating as the stock is trading in line with valuation and there is insufficient upside for a more constructive investment view.
Moelis also points out investors should be aware of the potential for another sell down by a major shareholder. Target is raised to $0.89 from $0.83.
This report was published on February 26, 2025.
Target price is $0.89 Current Price is $0.92 Difference: minus $0.03 (current price is over target).
If OBM meets the Moelis target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
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 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.40.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
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: $0.69
Moelis rates ((PPS)) as Buy (1) –
Moelis highlights Praemium’s 1H25 result largely met estimates, with operating revenue and underlying EBITDA beating the broker’s forecast while net profit was in line.
Margins were stronger and driven by a 4.5bps y/y lift in Separately Managed Accounts (SMA). The broker notes Scope and Scope-plus repriced in January, which is expected to drive benefits in 2H and FY26.
The broker left forecasts largely unchanged after incorporating stronger revenue margins from SMA and repricing benefits in 2H. Target price stays at $1.03 and Buy maintained.
This report was published on February 25, 2025.
Target price is $1.03 Current Price is $0.69 Difference: $0.345
If PPS meets the Moelis target it will return approximately 50% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 1.70 cents and EPS of 2.90 cents.
At the last closing share price the estimated dividend yield is 2.48%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.62.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 2.30 cents and EPS of 3.70 cents.
At the last closing share price the estimated dividend yield is 3.36%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.51.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PRU PERSEUS MINING LIMITED
Gold & Silver – Overnight Price: $3.02
Canaccord Genuity rates ((PRU)) as Buy (1) –
Perseus Mining’s 1H earnings (EBITDA) of US$352m surpassed Canaccord Genuity and consensus forecasts for US$295m and US$277m, respectively, mainly driven by cost capitalisation and the exclusion of certain restructuring costs.
Net income of US$201m was also above consensus, driven by lower depreciation and amortisation (D&A), though higher tax expenses impacted results, notes the broker.
Management reiterated FY25 guidance for 469-504koz at a cost (AISC) of between US$1,250-1,280/oz, with the year-to-date performance suggesting to the analysts potential to exceed both production and cost targets.
The Buy rating and $4.00 target are unchanged.
This report was published on February 26, 2025.
Target price is $4.00 Current Price is $3.02 Difference: $0.98
If PRU meets the Canaccord Genuity target it will return approximately 32% (excluding dividends, fees and charges).
Current consensus price target is $3.56, suggesting upside of 18.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 7.64 cents and EPS of 39.74 cents.
At the last closing share price the estimated dividend yield is 2.53%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.60.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 39.5, implying annual growth of N/A.
Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 7.6.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 6.11 cents and EPS of 32.10 cents.
At the last closing share price the estimated dividend yield is 2.02%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 34.0, implying annual growth of -13.9%.
Current consensus DPS estimate is 9.0, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 8.8.
This company reports in USD. 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
PTM PLATINUM ASSET MANAGEMENT LIMITED
Wealth Management & Investments – Overnight Price: $0.58
Goldman Sachs rates ((PTM)) as Sell (5) –
Goldman Sachs notes Platinum Asset Management’s first half 2025 adjusted net profit after tax was ahead of its estimates but in line with consensus. Revenue met expectations, while lower expenses drove the better result.
The broker highlights cost control, with adjusted expenses down -18% year-on-year. Management is targeting -$20m in cost savings for FY25/26 and has $40m available for new product launches in FY26.
Funds under administration fell -1% to $11.0bn in January 2025, with retail funds representing 83%.
The company is increasing its distribution footprint and launching new products, including Arrow Trust and a global small-cap strategy with GW&K.
Goldman Sachs maintains a Sell rating with a $0.75 target price, citing ongoing flow pressure and performance challenges in key funds.
This report was published on February 26, 2025.
Target price is $0.75 Current Price is $0.58 Difference: $0.165
If PTM meets the Goldman Sachs target it will return approximately 28% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.75.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 EPS of 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.75.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Jarden rates ((PTM)) as Neutral (3) –
First half results from Platinum Asset Management were considered robust and revealed the company has made progress on its turnaround, with Jarden noting 60% of the cost reduction target of $25m has been achieved.
The company has also flagged the potential to explore further cost reductions to soften the margin impact of any declines in future FUM.
Jarden downgrades FY25 and FY26 estimates for EPS by -11.7% and -9.6%, respectively, largely because of costs, partially mitigated by higher base management fees. Neutral. Target edges up to $0.69 from $0.68.
This report was published on February 26, 2025.
Target price is $0.69 Current Price is $0.58 Difference: $0.105
If PTM meets the Jarden target it will return approximately 18% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 24.70 cents and EPS of 6.00 cents.
At the last closing share price the estimated dividend yield is 42.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.75.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 4.70 cents and EPS of 4.80 cents.
At the last closing share price the estimated dividend yield is 8.03%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.19.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
QAL QUALITAS LIMITED
Wealth Management & Investments – Overnight Price: $2.78
Jarden rates ((QAL)) as Buy (1) –
Qualitas posted a “high-quality” first half result that was ahead of expectations, Jarden asserts, noting FY25 net profit guidance has been reiterated at $49-55m.
The broker makes upgrades to estimates, supported by higher base management fees, stronger principal income and slightly higher funds management margins.
The Buy rating is reiterated as the business is considered well-placed to continue its strong track record and the target is raised to $4.00 from $3.80.
This report was published on February 26, 2025.
Target price is $4.00 Current Price is $2.78 Difference: $1.22
If QAL meets the Jarden target it will return approximately 44% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 11.10 cents and EPS of 11.80 cents.
At the last closing share price the estimated dividend yield is 3.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.56.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 13.60 cents and EPS of 14.50 cents.
At the last closing share price the estimated dividend yield is 4.89%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.17.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
QOR QORIA LIMITED
Software & Services – Overnight Price: $0.47
Canaccord Genuity rates ((QOR)) as Buy (1) –
As Qoria had pre-released key financial metrics in its January quarterly update, Canaccord Genuity keeps its 55 cent target price and Buy rating following 1H results.
A surprise for the broker in the half was a 20% increase in gross profit to $42m, aided by gross margin expansion to 75% compared to 71% in the previous corresponding period, driven by reduced data and hosting costs as the business scales.
The company remains on track for substantial growth, suggest the analysts, with a pipeline expansion to $32m in 1H25, a 65% year-on-year increase.
Additionally, Qoria’s key Monitoring product now generates $30m in annual recurring revenue (ARR), highlights Canaccord, a significant jump from previous years.
This report was published on February 26, 2025.
Target price is $0.55 Current Price is $0.47 Difference: $0.085
If QOR meets the Canaccord Genuity target it will return approximately 18% (excluding dividends, fees and charges).
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 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 33.21.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 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 29.06.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RUL RPMGLOBAL HOLDINGS LIMITED
Mining Sector Contracting – Overnight Price: $2.72
Moelis rates ((RUL)) as Buy (1) –
Moelis notes RPMGlobal’s 1H25 result was largely in line with estimates and underpinned by group annual recurring revenue of $65m and a 37% y/y rise in software total contract value (TCV) to $36.4m.
Software TCV stood at $47.1m as of February 14, up 64% y/y.
The company is divesting the advisory business to focus solely on software which the broker believes will deliver valuation accretion given the recurring and higher margin subscription mix.
The sale to RPM Advisory Services is for $63m payable in cash, and expected to close in 4Q25. The company removed formal guidance and will likely re-issue once the divestment is finalised.
The broker revised estimates to reflect divestment completion by June 30. Target price rises to $3.26 from $2.82, and Buy retained.
This report was published on February 25, 2025.
Target price is $3.26 Current Price is $2.72 Difference: $0.54
If RUL meets the Moelis target it will return approximately 20% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 EPS of 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 54.40.
Forecast for FY26:
Moelis forecasts a full year FY26 EPS of 5.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 50.37.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RWC RELIANCE WORLDWIDE CORP. LIMITED
Building Products & Services – Overnight Price: $4.90
Jarden rates ((RWC)) as Neutral (3) –
Jarden reviews the softer-than-expected interim results for Reece ((REH)) to get a line on trading conditions and any potential impacts on Reliance Worldwide.
Reece sees no clear macroeconomic-driven housing recovery across either A&NZ or US market segments. A 30-year mortgage rate reduction is key to more sustainable growth in the US housing market, noted management.
Overall, the news from Reece supports Jarden’s view of risk of modest downgrades to market expectations for Reliance’s near-term earnings.
Target $5.60. Neutral.
This report was published on February 25, 2025.
Target price is $5.60 Current Price is $4.90 Difference: $0.7
If RWC meets the Jarden target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $5.65, suggesting upside of 17.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 7.64 cents and EPS of 29.20 cents.
At the last closing share price the estimated dividend yield is 1.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 32.5, implying annual growth of N/A.
Current consensus DPS estimate is 9.7, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 14.8.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 8.10 cents and EPS of 31.64 cents.
At the last closing share price the estimated dividend yield is 1.65%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.6, implying annual growth of 12.6%.
Current consensus DPS estimate is 11.1, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 13.1.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SDF STEADFAST GROUP LIMITED
Insurance – Overnight Price: $5.55
Goldman Sachs rates ((SDF)) as Neutral (3) –
Goldman Sachs notes Steadfast Group’s 1H25 results were in line at the net profit after tax level but slightly weaker at the earnings (EBITA) level.
FY25 earnings (EBITA) guidance was downgraded due to acquisition step-ups, though other guidance metrics were retained.
Mid-single-digit rate increases are expected in 2H25, while cost control remains a focus. Broking organic growth slowed, though Agencies saw stronger performance, the analyst notes.
Maximum gearing increased to 35%, with M&A activity reaffirmed for FY25. The broker makes minor earnings changes and maintains a Buy rating with an unchanged $6.50 target price.
This report was published on February 26, 2025.
Target price is $6.50 Current Price is $5.55 Difference: $0.95
If SDF meets the Goldman Sachs target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $6.83, suggesting upside of 25.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 20.00 cents and EPS of 31.00 cents.
At the last closing share price the estimated dividend yield is 3.60%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 29.4, implying annual growth of 38.7%.
Current consensus DPS estimate is 20.0, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 18.5.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 22.00 cents and EPS of 34.00 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 16.32.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 32.1, implying annual growth of 9.2%.
Current consensus DPS estimate is 21.0, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 16.9.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SGM SIMS LIMITED
Steel & Scrap – Overnight Price: $14.54
Goldman Sachs rates ((SGM)) as Neutral (3) –
Sims’s reported 1H25 underlying earnings (EBITDA) of $202m was in line with Goldman Sachs’ expectations. Scrap trading margins improved 3% year-on-year, offsetting a -4% decline in sales volumes.
Management offered no 2H25 guidance, but Sims expects a similar supply-demand balance.
Inflationary costs have stabilised, though labour expenses increased to 40% of total costs. Portfolio optimisation continues, with potential divestments, including the high-growth Sims Lifecycle Services business.
The broker lowers FY25-27 earnings (EBITDA) forecasts by -10%/-11%/-6%, reducing the 12-month target price to $14.80 from $15.50. Neutral.
This report was published on February 26, 2025.
Target price is $14.80 Current Price is $14.54 Difference: $0.26
If SGM meets the Goldman Sachs target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $13.92, suggesting downside of -2.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 76.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 46.1, implying annual growth of N/A.
Current consensus DPS estimate is 21.8, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 31.1.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 EPS of 148.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.82.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 88.7, implying annual growth of 92.4%.
Current consensus DPS estimate is 34.3, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 16.1.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
STK STRICKLAND METALS LIMITED
Mining – Overnight Price: $0.08
Canaccord Genuity rates ((STK)) as Buy (1) –
Following the announcement of a significant resource update for the Medenovac deposit at the Rogozna Gold and Base Metals project in Serbia, Canaccord Genuity raises its target for Strickland Metals to 18c from 17c.
The update increases the resource by 23% to 179mt at 1.2g/t gold equivalent. Management will have six diamond rigs drilling a 50,000m program across Rogozna by early March.
The Buy rating is maintained.
This report was published on February 26, 2025.
Target price is $0.18 Current Price is $0.08 Difference: $0.1
If STK meets the Canaccord Genuity target it will return approximately 125% (excluding dividends, fees and charges).
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 0.00 cents.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SVR SOLVAR LIMITED
Business & Consumer Credit – Overnight Price: $1.50
Canaccord Genuity rates ((SVR)) as Buy (1) –
Solvar Limited reported solid 1H25 results, assesses Canaccord Genuity with a normalised profit of $18.5m, aligning with the company’s FY25 guidance.
The company saw a strong performance from its Australian lending business, with a 7% year-on-year increase in its loan book, highlights the broker. Operating expenses were controlled, and a reduction in legal costs positively impacted the bottom line.
The New Zealand business continued its wind-down, observes the analyst, contributing less to overall profits but saving on interest costs.
An interim dividend of 6 cents was declared, indicating to the broker confidence in near-term profitability and the future outlook.
Canaccord raises its target to $1.80 from $1.70 and retains a Buy rating.
This report was published on February 26, 2025.
Target price is $1.80 Current Price is $1.50 Difference: $0.3
If SVR meets the Canaccord Genuity target it will return approximately 20% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 12.00 cents and EPS of 16.60 cents.
At the last closing share price the estimated dividend yield is 8.00%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.04.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 13.30 cents and EPS of 18.50 cents.
At the last closing share price the estimated dividend yield is 8.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.11.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SYL SYMAL GROUP LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $1.95
Jarden rates ((SYL)) as Buy (1) –
Symal Group’s interim earnings (EBITDA) came in 20% ahead of Jarden’s forecast and management believes the company is on track to meet its pro forma prospectus forecast for FY25 earnings.
The broker highlights a recent contract win for the Gawara Baya Wind Farm, expected to begin in FY26, which could significantly boost earnings across FY26-FY27, contributing an estimated $194m in revenue and $20m in earnings.
Despite a strong share price performance, the analysts feel there are several upcoming catalysts for further share price upside.
The target rises to $2.30 from $2.15. Buy.
This report was published on February 25, 2025.
Target price is $2.30 Current Price is $1.95 Difference: $0.35
If SYL meets the Jarden target it will return approximately 18% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 8.60 cents and EPS of 23.60 cents.
At the last closing share price the estimated dividend yield is 4.41%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.26.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 11.50 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 5.90%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.48.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SYR SYRAH RESOURCES LIMITED
New Battery Elements – Overnight Price: $0.23
Jarden rates ((SYR)) as Neutral (3) –
Syrah Resources has signed a new offtake agreement with US EV manufacturer Lucid Group to supply 7kt of natural graphite active anode material (NG AAM) from its Vidalia plant over three years.
Jarden notes the transaction represents around 20-25% of the facility’s stage 2 capacity. This agreement, coupled with the earlier Tesla deal, positions Vidalia to secure most of its 11.25ktpa capacity once product qualifications are met, highlights the broker.
The agreement with Lucid, along with product certification from Tesla and Lucid, further validates Vidalia as a strategic asset and enhances Syrah’s competitive position in the natural graphite market, according to the analysts.
Neutral rating and 29c target are unchanged.
This report was published on March 4, 2025.
Target price is $0.29 Current Price is $0.23 Difference: $0.06
If SYR meets the Jarden target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $0.41, suggesting upside of 76.1%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 17.27 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 1.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -18.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 16.36 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 1.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -6.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
VEA VIVA ENERGY GROUP LIMITED
Crude Oil – Overnight Price: $1.78
Goldman Sachs rates ((VEA)) as Buy (1) –
Goldman Sachs notes Viva Energy’s 2024 earnings (EBITDA) was in line, but underlying net profit after tax was below estimates by -7% due to higher depreciation and finance costs.
The implied 2025 guidance for C&M and C&I segments is -9% below prior estimates.
Retail fuel margins fell -3c/L year-on-year in early 2025, impacting earnings by -$18m. The analysts note the company faces continued headwinds from declining tobacco sales and operating costs in Convenience.
Management expects $105m in 2H25 earnings improvements from cost synergies, Liberty Convenience, and new cost reductions, with further gains into FY26-27.
The broker lowers 2025/2026 earnings (EBITDA) forecasts by -10%/-3% and reduces the target price by -6% to $3.05. Buy.
This report was published on February 26, 2025.
Target price is $3.05 Current Price is $1.78 Difference: $1.27
If VEA meets the Goldman Sachs target it will return approximately 71% (excluding dividends, fees and charges).
Current consensus price target is $3.09, suggesting upside of 77.6%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 EPS of 11.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.18.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.4, implying annual growth of N/A.
Current consensus DPS estimate is 7.5, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 13.0.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 EPS of 19.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.37.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.1, implying annual growth of 79.9%.
Current consensus DPS estimate is 14.0, implying a prospective dividend yield of 8.0%.
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
WDS WOODSIDE ENERGY GROUP LIMITED
NatGas – Overnight Price: $25.25
Goldman Sachs rates ((WDS)) as Neutral (3) –
Goldman Sachs notes Woodside Energy’s 2024 underlying earnings (EBITDA) and net profit were in line with guidance, with a final dividend 10% above estimates.
2025 production guidance remains 186-196mmboe, with -US$4.5-5bn capex. Management expects a final investment decisions for Louisiana LNG by 1Q25, referring to strong partner interest.
Trion progresses ahead, avoiding US tariffs, while Scarborough and Pluto Train 2 remain on track for first LNG cargo in 2H26, the broker points out.
Goldman Sachs adjusts FY24-26 EBITDA slightly and maintains a Neutral rating with a $24.50 target price.
This report was published on February 26, 2025.
Target price is $24.50 Current Price is $25.25 Difference: minus $0.75 (current price is over target).
If WDS meets the Goldman Sachs target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $26.73, suggesting upside of 9.4%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 71.84 cents and EPS of 139.10 cents.
At the last closing share price the estimated dividend yield is 2.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.15.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 253.9, implying annual growth of N/A.
Current consensus DPS estimate is 153.1, implying a prospective dividend yield of 6.3%.
Current consensus EPS estimate suggests the PER is 9.6.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 35.16 cents and EPS of 65.73 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 38.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 200.9, implying annual growth of -20.9%.
Current consensus DPS estimate is 121.0, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 12.2.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WGX WESTGOLD RESOURCES LIMITED
Gold & Silver – Overnight Price: $2.48
Canaccord Genuity rates ((WGX)) as Buy (1) –
Westgold Resources has announced the sale of its Lakewood mill to Black Cat Syndicate ((BC8)) for $85m, consisting of $70m in cash payments and $15m in Black Cat Syndicate shares.
This sale allows Westgold to retain access to the mill’s processing capacity under a toll-treating agreement for the next two years., highlights the broker.
The sale is part of a broader strategy to increase production at the Beta Hunt site, explains the broker.
Management has initiated a study on expanding its Higginsville mill, aiming to boost capacity from 1.6Mtpa to between 2.6Mtpa and 4Mtpa, likely supported by increased mining rates at Beta Hunt.
Management’s current FY25 guidance is for 330-350koz at a cost (AISC) of between $2,400-2,600/oz.
Buy rating maintained but target reduces slightly to $4.15 from $4.20.
This report was published on February 26, 2025.
Target price is $4.15 Current Price is $2.48 Difference: $1.67
If WGX meets the Canaccord Genuity target it will return approximately 67% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 2.00 cents and EPS of 13.00 cents.
At the last closing share price the estimated dividend yield is 0.81%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.08.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 1.00 cents and EPS of 42.00 cents.
At the last closing share price the estimated dividend yield is 0.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.90.
Market Sentiment: 1.0
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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