Australian Broker Call *Extra* Edition – Jul 02, 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.

One key difference is the *Extra* Edition will not be updated daily, but merely “regularly” depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)

ABB   BKW   IAG   IKE   MGR   MTO   NEC   OCL   PXA   SGP   SLC (2)   SUN  

ABB    AUSSIE BROADBAND LIMITED

Telecommunication – Overnight Price: $3.90

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

Jarden has a favourable view on both Superloop ((SLC)) and Aussie Broadband but sees Superloop well-placed to increase gross margins into FY26 while the latter could face margin compression.

At the same time, the broker warns of increasing competition pressures, specifically Commbank’s ((CBA)) move to increase its stake in More Telecom. This could lead to success similar to what Origin Energy ((ORG)) has experienced with Superloop.

The broker now expects the company’s ARPU growth to be subdued at just 1.1% due to limited price increases and elevated promotional activity. FY26 EPS forecast cut by -2% and FY27 by -1%.

Overweight. Target unchanged at $4.35.

This report was published on July 1, 2025.

Target price is $4.35 Current Price is $3.90 Difference: $0.45
If ABB meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $4.76, suggesting upside of 21.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 7.00 cents and EPS of 16.70 cents.
At the last closing share price the estimated dividend yield is 1.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.35.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.9, implying annual growth of 22.2%.
Current consensus DPS estimate is 6.9, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 33.0.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 7.00 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 1.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.5, implying annual growth of 47.1%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 22.5.

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

BKW    BRICKWORKS LIMITED

Building Products & Services – Overnight Price: $34.57

Jarden rates ((BKW)) as Neutral (3) –

Jarden assesses Brickworks’ FY25 trading update to be slightly positive, with challenging building products conditions offset by positive property momentum.

The company expects 2H25 EBITDA for the property division to exceed 1H25 due to revaluation gains and development profits.

For building products, the company is forecasting a marginally positive FY25 EBITDA due mainly to positive EBITDA in 2H25.

Asset impairment change of -$75m is expected due to tough market conditions for the building products division.

The analyst lifted FY25 EPS forecast by 32%, and made modest increases to FY26-26 EPS forecasts.

Neutral. Target rises to $34.40 from $32.30.

This report was published on June 30, 2025.

Target price is $34.40 Current Price is $34.57 Difference: minus $0.17 (current price is over target).
If BKW meets the Jarden target it will return approximately minus 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $30.74, suggesting downside of -12.7%(ex-dividends)
The company’s fiscal year ends in July.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 69.00 cents and EPS of 129.00 cents.
At the last closing share price the estimated dividend yield is 2.00%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.80.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 129.8, implying annual growth of N/A.
Current consensus DPS estimate is 64.6, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 27.1.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 71.00 cents and EPS of 139.00 cents.
At the last closing share price the estimated dividend yield is 2.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 157.0, implying annual growth of 21.0%.
Current consensus DPS estimate is 66.0, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 22.4.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

IAG    INSURANCE AUSTRALIA GROUP LIMITED

Insurance – Overnight Price: $8.97

Jarden rates ((IAG)) as Neutral (3) –

Jarden believes earnings of domestic general insurers are well supported in the near term by strong equity markets and benign catastrophe activity, slightly offset by lower risk-free rates.

The broker prefers Suncorp Group ((SUN)) over Insurance Australia Group for reasons including its caution on regulatory risk for the proposed acquisition of RAC.

Following the insurer’s trading update, the broker updated the FY25 natural hazards cost estimate to $1.08bn, implying a modest catastrophe cost overrun in 2H25 of $12m. The analyst forecasts underlying ITR margin of 15.1% for FY25 and FY26.

Neutral. Target rises to $8.40 from $8.00.

On May 28, the broker updated as follows: 

Jarden remains cautious on regulatory risk for Insurance Australia Group’s proposed acquisition of RAC, viewing the competitive landscape in Western Australia as more problematic than for the recently approved RACQ deal.

RAC has demonstrated stronger market share growth in WA, notes the broker, and despite lower catastrophe risk and higher profitability, the acquisition would substantially increase market concentration.

The ACCC is expected to weigh improved access to capital for RAC under Insurance Australia Group, but the introduction of cumulative merger assessments from 2026 may complicate approval, suggest the analysts.

Jarden retains a Neutral rating and target price of $8.00.

This report was published on July 1, 2025.

Target price is $8.40 Current Price is $8.97 Difference: minus $0.57 (current price is over target).
If IAG meets the Jarden target it will return approximately minus 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $8.88, 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 36.00 cents and EPS of 48.00 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 18.69.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 48.0, implying annual growth of 28.7%.
Current consensus DPS estimate is 31.9, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 18.4.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 31.00 cents and EPS of 42.80 cents.
At the last closing share price the estimated dividend yield is 3.46%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 42.6, implying annual growth of -11.2%.
Current consensus DPS estimate is 30.6, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 20.7.

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

IKE    IKEGPS GROUP LIMITED

Hardware & Equipment – Overnight Price: $0.83

Moelis rates ((IKE)) as Initiation of coverage with Buy (1) –

Moelis has initiated coverage of ikeGPS Group with a Buy rating and target price of $1.01.

The broker notes the company’s devices and software technology help to manage and unify the data needed to maintain the electricity distribution networks. Additional electricity demand from electric vehicles and data centres has created more demand for the company’s software.

The broker estimates demand from US-based utilities to upgrade or repair 25m poles each year creates a US$2.8bn market for services linked to network build and resilience.

The analyst is forecasting positive EBITDA in FY27, based on recent strong subscriber growth momentum and the outlook for capital spend on network by utilities in the US.

This report was published on June 30, 2025.

Target price is $1.01 Current Price is $0.83 Difference: $0.175
If IKE meets the Moelis target it will return approximately 21% (excluding dividends, fees and charges).
The company’s fiscal year ends in March.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 2.65 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 31.56.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.46 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 183.11.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MGR    MIRVAC GROUP

Infra & Property Developers – Overnight Price: $2.22

Jarden rates ((MGR)) as Neutral (3) –

Jarden has revised its RBA cash rate expectations, now expecting a -25bps cut in July and the terminal rate forecast of 3.10% to be reached in November vs February 2026 previously.

The broker expects the updated forecasts to benefit Mirvac Group and Stockland ((SGP)). 

Still, the analyst cut the FY26 EPS forecast by -2.8% on a slower recovery in residential development. but notes upside risks if the rate cuts drive more demand.

Every 5% additional volume would lift earnings by 2%, the broker estimates. Neutral. Target cut to $2.45 from $2.50.

This report was published on July 1, 2025.

Target price is $2.45 Current Price is $2.22 Difference: $0.23
If MGR meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $2.36, suggesting upside of 3.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 9.00 cents and EPS of 12.20 cents.
At the last closing share price the estimated dividend yield is 4.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.4, implying annual growth of N/A.
Current consensus DPS estimate is 9.1, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 18.3.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 9.40 cents and EPS of 12.90 cents.
At the last closing share price the estimated dividend yield is 4.23%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.21.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.5, implying annual growth of 8.9%.
Current consensus DPS estimate is 9.3, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 16.8.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MTO    MOTORCYCLE HOLDINGS LIMITED

Automobiles & Components – Overnight Price: $3.06

Moelis rates ((MTO)) as Buy (1) –

Moelis highlights Motorcycle Holdings’ decision to increase market share via the acquisition of select business assets of Peter Stevens Motorcycles and Harley-Heaven as a solid strategy.

The deal, structured as an asset purchase from the companies in administration, will allow the company to enter new markets in Perth and Adelaide and will be funded through cash reserves. The broker expects completion in July and to be earnings accretive.

FY26 EPS forecast upgraded by 8.6% and FY27 by 10.9%.

Buy. Target lifted to $3.38 from $2.85.

This report was published on July 1, 2025.

Target price is $3.38 Current Price is $3.06 Difference: $0.32
If MTO meets the Moelis target it will return approximately 10% (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 5.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.63.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 19.00 cents and EPS of 31.60 cents.
At the last closing share price the estimated dividend yield is 6.21%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.68.

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

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

Jarden assesses Nine Entertainment’s acquisiton of selected Optus sport assets via its subsidiary Stan as a strategically positive development but with limited financial impact.

The company will pay an upfront fee of -$20m plus an undisclosed contribution for the next Premier League rights cycle, and expects this acquisition to make low to single digit $m EBITDA contribution.

The broker’s calculation suggests Stan would need around 200k new subscribers at $27 entry point for 12 months in order to breakeven. 

Overweight. Target unchanged at $1.80.

This report was published on June 30, 2025.

Target price is $1.80 Current Price is $1.65 Difference: $0.155
If NEC meets the Jarden target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $1.90, suggesting upside of 16.6%(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 8.20 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 20.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.0, implying annual growth of 45.6%.
Current consensus DPS estimate is 7.0, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 16.3.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 6.40 cents and EPS of 9.20 cents.
At the last closing share price the estimated dividend yield is 3.89%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.88.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.2, implying annual growth of 32.0%.
Current consensus DPS estimate is 10.0, implying a prospective dividend yield of 6.1%.
Current consensus EPS estimate suggests the PER is 12.3.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

OCL    OBJECTIVE CORPORATION LIMITED

IT & Support – Overnight Price: $19.27

Moelis rates ((OCL)) as Downgrade to Hold from Buy (3) –

Moelis highlights Objective Corp’s software products help resolve housing development bottlenecks by boosting efficiency of planning and approval processes.

The company made progress recently with the acquisition of NZ-based Isovist which the broker reckons will add a further NZ$2.2m to annual recurring revenue.

The company also announced the launch of Objective Build in Australia, noting it has been adopted by over 50% of councils in NZ. 

The Objective Build debut in Australia is expected to unlock a market four times the size of New Zealand.

Target price lifted to $20.19 from $17.71. Rating downgraded to Hold from Buy.

This report was published on July 2, 2025.

Target price is $20.19 Current Price is $19.27 Difference: $0.92
If OCL meets the Moelis target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $17.33, suggesting downside of -10.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 17.50 cents and EPS of 34.90 cents.
At the last closing share price the estimated dividend yield is 0.91%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 55.21.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 36.4, implying annual growth of 10.6%.
Current consensus DPS estimate is 18.8, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 53.1.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 19.10 cents and EPS of 38.30 cents.
At the last closing share price the estimated dividend yield is 0.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 50.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 38.9, implying annual growth of 6.9%.
Current consensus DPS estimate is 20.5, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 49.7.

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

PXA    PEXA GROUP LIMITED

Real Estate – Overnight Price: $13.54

Jarden rates ((PXA)) as Neutral (3) –

Jarden notes NSW settlement activity improved in June, with total volumes up 8% y/y vs -3% y/y in May as transfer activity rose 1% and refinancing rose by a very strong 18% y/y vs 6% y/y in May.

There was no improvement, however, in Queensland, with the latest data for May showing a -5% y/y decline, similar to April.

The broker lowered the FY25 volume forecast marginally but lifted the target price to $16.20 from $15.25 on a lower risk-free rate assumption.

Neutral retained.

This report was published on July 1, 2025.

Target price is $16.20 Current Price is $13.54 Difference: $2.66
If PXA meets the Jarden target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $15.26, suggesting upside of 15.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 2.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 615.45.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 5.8, 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 228.4.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 16.69 cents and EPS of 43.40 cents.
At the last closing share price the estimated dividend yield is 1.23%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 39.5, implying annual growth of 581.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 33.5.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SGP    STOCKLAND

Infra & Property Developers – Overnight Price: $5.45

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

Jarden has revised its RBA cash rate expectations, now expecting a -25bps cut in July and the terminal rate forecast of 3.10% to be reached in November vs February 2026 previously.

The broker expects the updated forecasts to benefit Stockland and Mirvac Group ((MGR)).

Still, the analyst cut FY26 EPS forecast by -1.5% on a slower recovery in residential development. but notes upside risks if the rate cuts drive more demand.

Every 5% additional volume would lift earnings by 2%, the broker estimates. Overweight. Target unchanged at $6.35.

This report was published on July 1, 2025.

Target price is $6.35 Current Price is $5.45 Difference: $0.9
If SGP meets the Jarden target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $5.81, suggesting upside of 5.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 25.20 cents and EPS of 33.50 cents.
At the last closing share price the estimated dividend yield is 4.62%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 33.8, implying annual growth of 164.1%.
Current consensus DPS estimate is 25.0, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 16.2.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 27.30 cents and EPS of 36.30 cents.
At the last closing share price the estimated dividend yield is 5.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.01.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 37.2, implying annual growth of 10.1%.
Current consensus DPS estimate is 27.4, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 14.8.

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

SLC    SUPERLOOP LIMITED

Telecommunication – Overnight Price: $3.04

Jarden rates ((SLC)) as Buy (1) –

Jarden has a favourable view on both Superloop and Aussie Broadband ((ABB)) but sees Superloop well-placed to increase gross margins into FY26 while the latter could face margin compression.

At the same time, the broker warns of increasing competition pressures, specifically Commbank’s ((CBA)) move to increase its stake in More Telecom. This could lead to success similar to what Origin Energy ((ORG)) has experienced with Superloop.

Following the company’s FY25 underlying EBITDA guidance upgrade, the broker lifted its FY25 forecast by 3% to $91m. In FY26-27, the broker expects stronger-than-expected gross margins, leading to a 6% and 7% lift in gross profit estimates, respectively.

Buy. Target rises to $3.00 from $2.60.

This report was published on July 1, 2025.

Target price is $3.00 Current Price is $3.04 Difference: minus $0.04 (current price is over target).
If SLC meets the Jarden target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $3.01, 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 0.00 cents and EPS of 5.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 55.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 72.9.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 9.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.5, implying annual growth of 58.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 46.0.

Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

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

Wilsons has revised its forecasts for Superloop following an upgrade in FY25 EBITDA guidance.

The broker lifted FY25-27 EBITDA forecasts by 5-6%, and is more convinced M&A will feature in FY26, probably even in 1H26.

Target price rises to $3.44 from $2.85. Overweight retained.

This report was published on July 1, 2025.

Target price is $3.44 Current Price is $3.04 Difference: $0.4
If SLC meets the Wilsons target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $3.01, suggesting upside of 0.7%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 82.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 72.9.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 52.41.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.5, implying annual growth of 58.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 46.0.

Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SUN    SUNCORP GROUP LIMITED

Insurance – Overnight Price: $21.72

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

Jarden believes earnings of domestic general insurers are well supported in the near term by strong equity markets and benign catastrophe activity, slightly offset by lower risk-free rates.

The broker prefers Suncorp Group over Insurance Australia Group ((IAG)) for reasons including its caution on regulatory risk for the proposed acquisition of RAC.

The broker notes Suncorp’s FY26 reinsurance program is largely unchanged, and expects any reinsurance savings to be used to either lower pricing to drive unit growth or to improve natural hazard cover.

The analyst forecasts underlying ITR margin of 12.1% for FY25 and 11.9% for FY26.

Overweight Target rises to $22.00 from $19.95.

This report was published on July 1, 2025.

Target price is $22.00 Current Price is $21.72 Difference: $0.28
If SUN meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $22.27, suggesting upside of 3.7%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 102.00 cents and EPS of 141.90 cents.
At the last closing share price the estimated dividend yield is 4.70%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 120.3, implying annual growth of 8.5%.
Current consensus DPS estimate is 97.5, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 17.9.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 87.00 cents and EPS of 120.30 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 18.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 116.7, implying annual growth of -3.0%.
Current consensus DPS estimate is 84.0, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 18.4.

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

Disclaimer:
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