Daily Market Reports | 11:15 AM
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)
ALL AOV ARF ARX BVS CBA CPU CQE DXI EOS EVS FBU FLT LIN LNW MAP SKC SKS SPK TTM VSL WEB
ALL ARISTOCRAT LEISURE LIMITED
Gaming - Overnight Price: $70.05
Jarden rates ((ALL)) as Neutral (3) -
Aristocrat Leisure showcased its latest products at the Australasian Gaming Expo. Jarden observes the company is regaining market leadership through faster, higher-quality content roll-outs and the successful launch of the Baron cabinet in NSW in April.
The broker highlights management's competitive response, leveraging strong R&D to drive share gains in both gaming operations and outright sales across the US and internationally.
The analysts expect the ongoing $750m buyback to provide further share price support, though the current valuation reflects much of the positive momentum.
Jarden retains its $64.00 target price and Neutral rating.
This report was published on August 13, 2025.
Target price is $64.00 Current Price is $70.05 Difference: minus $6.05 (current price is over target).
If ALL meets the Jarden target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $73.09, suggesting upside of 4.3%(ex-dividends)
The company's fiscal year ends in September.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 91.00 cents and EPS of 243.20 cents.
At the last closing share price the estimated dividend yield is 1.30%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.80.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 245.1, implying annual growth of 19.7%.
Current consensus DPS estimate is 85.9, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 28.6.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 106.00 cents and EPS of 282.70 cents.
At the last closing share price the estimated dividend yield is 1.51%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 275.6, implying annual growth of 12.4%.
Current consensus DPS estimate is 94.7, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 25.4.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AOV AMOTIV LIMITED
Automobiles & Components - Overnight Price: $9.35
Wilsons rates ((AOV)) as Downgrade to Market Weight from Overweight (3) -
Amotiv's FY25 result met Wilsons expectations after the recent pre-release, with FY26 guidance broadly in line with consensus. The broker suggests earnings growth will likely remain subdued into FY26.
The analysts highlight FY25 earnings (EBITA) fell -1% year-on-year to $192m but was 2% above the broker's forecasts, with profit flat at $119m.
The broker believes FY26 earnings guidance of $195m is supported by steady Power Train Unit (PTU) ‘Wear and repair’ bookings, modest A&NZ Performance Unit (PU) growth, and continued US/EU momentum.
An offset is provided by subdued Lighting & Power Equipment (LPE) Australian Resellers and original equipment Channels, suggest the analysts.
The target price increases to $9.53 from $9.39 and rating is downgraded to Market Weight from Overweight as Wilsons awaits evidence of revenue acceleration.
This report was published on August 14, 2025.
Target price is $9.53 Current Price is $9.35 Difference: $0.18
If AOV meets the Wilsons target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $11.62, suggesting upside of 24.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY26:
Wilsons forecasts a full year FY26 dividend of 43.00 cents and EPS of 87.50 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 10.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 84.5, implying annual growth of N/A.
Current consensus DPS estimate is 41.3, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 11.1.
Forecast for FY27:
Wilsons forecasts a full year FY27 dividend of 50.00 cents and EPS of 96.10 cents.
At the last closing share price the estimated dividend yield is 5.35%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 92.1, implying annual growth of 9.0%.
Current consensus DPS estimate is 46.2, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 10.2.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ARF ARENA REIT
REITs - Overnight Price: $3.88
Moelis rates ((ARF)) as Buy (1) -
Arena REIT delivered FY25 EPS of 18.55cpu and a dividend of 18.25cpu, in line with guidance. Moelis highlights the FY26 DPS is expected to rise to 19.25cpu.
Like-for-like rents grew 3.5%, supported by CPI-linked leases (87% of rent roll) and market reviews (a 6.8% uplift), explains the broker.
Tenant performance remains strong, with no vacancies and rent-to-revenue ratios at a low 9.9%, providing scope for ongoing rental growth, in the analyst's view.
Net tangible assets (NTA) increased 1% to $3.44, with childcare valuations up 1% and yields softening slightly, observes the broker.
Gearing rose to 22.8% as $225m was deployed on new properties, but the analyst believes balance sheet capacity remains for an estimated $100m p.a. in developments through FY27.
Moelis lifts its target price to $4.09 from $3.98 and retains a Buy rating, highlighting Arena’s long weighted average lease to expiry (WALE) of 18 years, CPI/fixed rent escalations, and accretive development pipeline.
This report was published on August 14, 2025.
Target price is $4.09 Current Price is $3.88 Difference: $0.21
If ARF meets the Moelis target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $4.22, suggesting upside of 8.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 19.30 cents and EPS of 19.60 cents.
At the last closing share price the estimated dividend yield is 4.97%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.80.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.7, implying annual growth of -5.7%.
Current consensus DPS estimate is 19.2, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 19.7.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 20.20 cents and EPS of 20.50 cents.
At the last closing share price the estimated dividend yield is 5.21%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.93.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 20.3, implying annual growth of 3.0%.
Current consensus DPS estimate is 20.1, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 19.1.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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