AUSSIE BROADBAND LIMITED (ABB)
Share Price Analysis and Chart

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ABB - AUSSIE BROADBAND LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 2.71
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.48

21 Nov
2024

-0.110

OPEN

$3.60

-3.06%

HIGH

$3.60

370,422

LOW

$3.43

TARGET
$4.243 21.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . CNU . ESK . FSG . HTA . MAQ . SLC . SPK . ST1 . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
ABB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 9.7 15.3 xxx
DPS (cps) xxx 4.0 2.0 xxx
EPS Growth xxx 6.6% 57.4% xxx
DPS Growth xxx N/A - 50.0% xxx
PE Ratio xxx N/A 23.0 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx 41.1% 13.0% xxx

Dividend yield today if purchased 3 years ago: 0.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.14

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 06/09 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx9.7
DPS All xxxxxxxxxxxxxxx4.0
Sales/Revenue xxxxxxxxxxxxxxx999.7 M
Book Value Per Share xxxxxxxxxxxxxxx192.9
Net Operating Cash Flow xxxxxxxxxxxxxxx120.2 M
Net Profit Margin xxxxxxxxxxxxxxx2.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.12 %
Return on Invested Capital xxxxxxxxxxxxxxx3.82 %
Return on Assets xxxxxxxxxxxxxxx2.73 %
Return on Equity xxxxxxxxxxxxxxx6.12 %
Return on Total Capital xxxxxxxxxxxxxxx9.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx85.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx13 M
Long Term Debt xxxxxxxxxxxxxxx338 M
Total Debt xxxxxxxxxxxxxxx352 M
Goodwill - Gross xxxxxxxxxxxxxxx389 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx214 M
Price To Book Value xxxxxxxxxxxxxxx1.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx47.4 M
Capex % of Sales xxxxxxxxxxxxxxx4.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx865 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx67 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx104 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

11/09/2024

3

Initiation of coverage with Neutral

$3.95

13.51%

UBS believes market share of challenger NBN brands will grow to around 35% by FY30, up from 18% at present, but sees subscriber market share gains moderating for Aussie Broadband.

The broker initiates coverage with a Neutral rating, noting the market is already pricing in a strong earnings growth profile relative to Australian telco peers and a likely sizeable buyback scenario.

The analyst also mentions competition in NBN resale and some subscriber cannabilisation from the company's new budget brand, Buddy. The recent Origin Energy ((ORG)) wholesale contract loss is considered a further negative.

UBS starts with a $3.95 target price.

FORECAST
UBS forecasts a full year FY25 EPS of 14.00 cents.
UBS forecasts a full year FY26 EPS of 21.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

31/10/2024

3

Market Weight

$3.62

4.02%

Wilsons comments Aussie Broadband has posted a solid Sep Q result, featuring several wholesale wins, and reiterated FY25 guidance. While directionally all positive, there could still be some ‘sticker-shock’ as Origin’s growth rates come out, Wilsons warns.

The broker would also like to see further proof that Buddy isn’t resulting in material cannibalisation from Aussie’s existing customers. Nonetheless, on an initial view, Wilsons' Dec Q estimates currently look achievable.

Market Weight and $3.62 target retained.

FORECAST
Wilsons forecasts a full year FY25 dividend of 4.40 cents and EPS of 13.00 cents.
Wilsons forecasts a full year FY26 dividend of 5.70 cents and EPS of 17.70 cents.
Access Extra Coverage Research History >

ABB STOCK CHART

FNArena News on ABB

1
Australian Broker Call *Extra* Edition – Oct 31, 2024

Oct 31 2024 - Daily Market Reports
2
Next Week At A Glance – 9-13 Sep 2024

Sep 06 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 27-08-2024

Aug 27 2024 - Australia
5
Rudi’s View: Model Portfolios, Best Ideas & Conviction Calls

Aug 15 2024 - Rudi's View

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