EMECO HOLDINGS LIMITED (EHL)
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EHL - EMECO HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.32
Index: ALL-ORDS

Emeco Holdings is an Australian mining and earth moving equipment rental company. Founded in 1972 as the EarthMoving Equipment Company, it listed on the ASX in 2006.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.815

21 Nov
2024

0.005

OPEN

$0.82

0.62%

HIGH

$0.82

189,929

LOW

$0.80

TARGET
$1.18 44.8% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
EHL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 10.2 14.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 27.7% 43.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.5 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 07/09 - ex-div 1.25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx10.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx822.7 M
Book Value Per Share xxxxxxxxxxxxxxx123.9
Net Operating Cash Flow xxxxxxxxxxxxxxx237.2 M
Net Profit Margin xxxxxxxxxxxxxxx6.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.59 %
Return on Invested Capital xxxxxxxxxxxxxxx5.75 %
Return on Assets xxxxxxxxxxxxxxx4.65 %
Return on Equity xxxxxxxxxxxxxxx8.59 %
Return on Total Capital xxxxxxxxxxxxxxx12.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx15.7 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 xxxxxxxxxxxxxxx54 M
Long Term Debt xxxxxxxxxxxxxxx305 M
Total Debt xxxxxxxxxxxxxxx359 M
Goodwill - Gross xxxxxxxxxxxxxxx8 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx78 M
Price To Book Value xxxxxxxxxxxxxxx0.57

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx214.9 M
Capex % of Sales xxxxxxxxxxxxxxx26.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx619 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx88 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

23/08/2024

1

Outperform

$1.18

44.79%

Emeco Holdings' FY24 operating earnings were largely in line with Macquarie. Margins were up on increased higher-margin earnings from rental, decreased low margin earnings from underground and better cost and contract management.

Emeco's strategy of focusing on its core rental business, return on capital and free cash flow is gaining momentum, the broker suggests. The company is making good progress refocusing on the core rental business, improving returns on its assets and reducing contractual risk.

Target rises to $1.18 from $1.03, Outperform retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 14.60 cents.
Macquarie forecasts a full year FY26 dividend of 4.70 cents and EPS of 15.80 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Jarden

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

28/08/2024

1

Buy

$1.05

28.83%

FY24 earnings (EBITDA) and profit for Emeco Holdings were in line with Canaccord Genuity's expectation, while cash conversion of 93% was considered strong.

The broker feels the end of the -$47m growth capex program in FY24 heralds the beginning of a new chapter for Emeco.

The analysts anticipate a materially stronger balance sheet due to growing earnings, falling capex, an improving return on capital (ROC) and a suspended capital management program. The broker expects the latter will be revisited at the end of FY25.

Buy rating unchanged. Target edges up to $1.05 from 99 cents.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 14.50 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 3.10 cents and EPS of 15.30 cents.
Access Extra Coverage Research History >

EHL STOCK CHART

FNArena News on EHL

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-08-24

Aug 30 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 28, 2024

Aug 28 2024 - Daily Market Reports
3
FNArena Corporate Results Monitor – 23-08-2024

Aug 23 2024 - Australia
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 09-08-24

Aug 09 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Aug 06, 2024

Aug 06 2024 - Daily Market Reports

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