METCASH LIMITED (MTS)
Share Price Analysis and Chart

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MTS - METCASH LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: April
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.18
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

$3.57

02 Jul
2024

0.010

OPEN

$3.56

0.28%

HIGH

$3.60

5,839,631

LOW

$3.56

TARGET
$4.066 13.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
MTS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 25.8 28.7 xxx
DPS (cps) xxx 19.5 19.8 xxx
EPS Growth xxx - 3.8% 11.2% xxx
DPS Growth xxx - 13.3% 1.5% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 75.6% 69.0% xxx

Dividend yield today if purchased 3 years ago: 5.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.46

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: 14/12 - ex-div 11c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx25.8
DPS All xxxxxxxxxxxxxxx19.5
Sales/Revenue xxxxxxxxxxxxxxx15,912.4 M
Book Value Per Share xxxxxxxxxxxxxxx138.9
Net Operating Cash Flow xxxxxxxxxxxxxxx482.6 M
Net Profit Margin xxxxxxxxxxxxxxx1.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx19.86 %
Return on Invested Capital xxxxxxxxxxxxxxx10.37 %
Return on Assets xxxxxxxxxxxxxxx4.60 %
Return on Equity xxxxxxxxxxxxxxx19.86 %
Return on Total Capital xxxxxxxxxxxxxxx16.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx199.4 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 xxxxxxxxxxxxxxx213 M
Long Term Debt xxxxxxxxxxxxxxx1,198 M
Total Debt xxxxxxxxxxxxxxx1,411 M
Goodwill - Gross xxxxxxxxxxxxxxx1,754 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx97 M
Price To Book Value xxxxxxxxxxxxxxx2.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx135.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx15,132 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx326 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx141 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

0.6

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

25/06/2024

1

Upgrade to Buy from Accumulate

$4.30

20.45%

Ord Minnett believes Metcash represents an attractive opportunity given the long-term opportunities in Hardware, and upgrades its rating to Buy from Accumulate following a transfer of research coverage. A $4.30 target is set, up from $4.00.

The company is well-positioned for a potential upturn, suggests the broker, following the slowdown in housing activity over the past year and a half.

During FY24, sales growth excluding tobacco rose by 4.7%, and recent trends in volume growth are encouraging, according to the analyst. The Liquor sector also performed well.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 20.00 cents and EPS of 30.00 cents.
Ord Minnett forecasts a full year FY26 dividend of 20.00 cents and EPS of 30.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MTS STOCK CHART

FNArena News on MTS

1
June In Review: FY24 Another Double Digit Return

2:50 PM - Australia
2
Rudi’s View: Diverging Risks In A Polarised Market

10:00 AM - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 28-06-24

Jul 01 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jun 27, 2024

Jun 27 2024 - Daily Market Reports
5
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View

Latest Food, Beverages & Tobacco News

1
Collins Foods Looking For M&A Opportunities

Jun 27 2024 - Australia
2
Housing Crunch For Metcash

Jun 26 2024 - Australia
3
Treasury Wine Chases Luxury

Jun 25 2024 - Australia
4
Treasure Chest: The Fast Food Conundrum

May 02 2024 - Treasure Chest
5
Japan Drags On Domino’s Growth Profile

Apr 16 2024 - Australia
6
Treasury Wine: How To Run A Vineyard

Dec 13 2023 - Australia
7
Collins Foods: Fast Food Resilience & Taco Bell Turnaround

Nov 29 2023 - Australia
8
Inghams Comes Home To Roost

Nov 01 2023 - Australia
9
Endeavour Group Sales Growth Slowing

Oct 31 2023 - Australia
10
In Brief: Ozempic, Banks & the EV Megatrend

Oct 27 2023 - Weekly Reports