METCASH LIMITED (MTS)
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MTS

MTS - METCASH LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: April
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.63
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Metcash is an Australian conglomerate marketing produce, alcohol, hardware and other consumer goods. Its brands include IGA, Mitre 10 and The Bottle O. Originally founded in 1927 by Joe David, it became a listed entity in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.05

25 Jun
2026

0.010

OPEN

$3.05

0.33%

HIGH

$3.07

6,254,880

LOW

$3.03

TARGET
$3.22 5.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . CKF . COL . DMP . EDV . GYG . ING . LRK . MBH . RFG . SGLLV . SPG . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
MTS: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 25.4 24.2 xxx
DPS (cps) xxx 18.0 17.5 xxx
EPS Growth xxx - 1.7% - 4.6% xxx
DPS Growth xxx 0.0% - 3.1% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 70.9% 72.0% xxx

Dividend yield today if purchased 3 years ago: 4.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.00

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: 12/12 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx25.4
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx17,354.0 M
Book Value Per Share xxxxxxxxxxxxxxx155.2
Net Operating Cash Flow xxxxxxxxxxxxxxx558.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx16.75 %
Return on Invested Capital xxxxxxxxxxxxxxx8.71 %
Return on Assets xxxxxxxxxxxxxxx4.02 %
Return on Equity xxxxxxxxxxxxxxx16.75 %
Return on Total Capital xxxxxxxxxxxxxxx13.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx189.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx282 M
Long Term Debt xxxxxxxxxxxxxxx1,619 M
Total Debt xxxxxxxxxxxxxxx1,901 M
Goodwill - Gross xxxxxxxxxxxxxxx2,079 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx67 M
Price To Book Value xxxxxxxxxxxxxxx1.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx175.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx16,496 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx393 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx158 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

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

23/06/2026

1

Buy

$3.40

11.48%

Metcash reported FY26 result with underlying earnings (EBIT) in line with guidance, UBS remarks.

Cash realisation was 105.9%, a robust result but indications of FY27 trading are inferring a softer outlook, the analyst explains.

Sales for the first 7 weeks of 1H27 rose 1.9% with supermarkets, ex tobacco up 1.2%, compared to consensus forecast of 3.4% growth for 1H27. Sales for liquor, up 1.3% over the period aligns with 1H27 consensus forecasts.

Hardware and Tools sales are tracking above consensus for 1H27 expectations.

EPS forecasts are cut by -14% for FY27 and -11% for FY28 due to lower food and higher D&A and net finance costs.

The broker retains a Buy rating, despite the downgraded earnings estimates. The company is viewed as resilient and diverse with growth for liquor, hardware and tools a positive. The dividend yield and valuation are also deemed as attractive.

Target price set at $3.40 from $3.50.

FORECAST
UBS forecasts a full year FY27 dividend of 18.00 cents and EPS of 23.00 cents.
UBS forecasts a full year FY28 dividend of 18.00 cents and EPS of 26.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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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

Jarden

25/06/2026

2

Overweight

$3.70

21.31%

Jarden maintains an Overweight rating for Metcash with its target price decreased to $3.70 following a "clean" full-year corporate result matching pre-announced operational numbers.

The analyst notes independent supermarket foot traffic engagement levels face temporary pressures from cost-of-living macro constraints and major chain grocery competitions.

Improving top-line sales momentum across specialised independent liquor banner networks looks poised to stabilise intermediate group operating profit profiles, commentary suggests.

Jarden adds planned retail store acquisitions and expanded digital delivery logistics options look well positioned to diversify longer-term wholesale revenue streams.

FORECAST
Jarden forecasts a full year FY27 dividend of 18.00 cents and EPS of 23.80 cents.
Jarden forecasts a full year FY28 dividend of 18.00 cents and EPS of 25.30 cents.
Access Extra Coverage Research History >

MTS STOCK CHART

FNArena News on MTS

1
Australian Broker Call *Extra* Edition – Jun 25, 2026

Jun 25 2026 - Daily Market Reports
2
Metcash Negotiating A Tougher FY27 Outlook

Jun 24 2026 - Australia
3
Rudi’s View: Australia’s Sh*t Sandwich

Jun 04 2026 - Rudi's View
4
Next Week At A Glance – 18-22 May 2026

May 15 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – May 13, 2026

May 13 2026 - Daily Market Reports

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