NICK SCALI LIMITED (NCK)
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NCK - NICK SCALI LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.64
Index: ASX300 | ALL-ORDS

Nick Scali is an Australian importer and retailer of household furniture through a chain of stores across Australia. Founded in 1962 the company listed on the ASX in 2004. Core brands include Nick Scali Furniture, Nick Scali Online, Sofas2Go and Plush.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.33

22 Jul
2024

-0.140

OPEN

$14.30

-0.97%

HIGH

$14.40

182,707

LOW

$14.14

TARGET
$16.467 14.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADH . BLX . GWA . HVN . JBH . JYC . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
NCK: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 124.8 105.0 xxx
DPS (cps) xxx 75.0 67.8 xxx
EPS Growth xxx 34.9% - 15.9% xxx
DPS Growth xxx 7.1% - 9.7% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 60.1% 64.5% xxx

Dividend yield today if purchased 3 years ago: 6.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.10

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: 04/03 - ex-div 35c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx124.8
DPS All xxxxxxxxxxxxxxx75.0
Sales/Revenue xxxxxxxxxxxxxxx507.7 M
Book Value Per Share xxxxxxxxxxxxxxx222.1
Net Operating Cash Flow xxxxxxxxxxxxxxx133.9 M
Net Profit Margin xxxxxxxxxxxxxxx19.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx63.01 %
Return on Invested Capital xxxxxxxxxxxxxxx23.12 %
Return on Assets xxxxxxxxxxxxxxx16.52 %
Return on Equity xxxxxxxxxxxxxxx63.01 %
Return on Total Capital xxxxxxxxxxxxxxx31.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx60.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx38 M
Long Term Debt xxxxxxxxxxxxxxx280 M
Total Debt xxxxxxxxxxxxxxx318 M
Goodwill - Gross xxxxxxxxxxxxxxx91 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx89 M
Price To Book Value xxxxxxxxxxxxxxx4.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx12.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx300 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx56 M
Research & Development xxxxxxxxxxxxxxx0 M
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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

10/07/2024

1

Outperform

$16.10

12.35%

Macquarie reports home furniture spend improved into the end of June 2024 with promotional activity, and was in line with the prior period despite macro headwinds.

The broker also highlights the foot traffic at Nick Scali rose from mid-May 2024, aligning with the previous corresponding period.

The analyst forecasts a lift in margins for Fabb furniture, which is expected to be profitable by FY26

Nick Scali is due to report FY24 earnings on August 9.

Outperform rating unchanged with a target price of $16.10.

FORECAST
Macquarie forecasts a full year FY24 dividend of 60.90 cents and EPS of 100.00 cents.
Macquarie forecasts a full year FY25 dividend of 52.10 cents and EPS of 86.30 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

07/05/2024

1

Upgrade to Buy from Overweight

$15.40

7.47%

Jarden anticipates upside risk to overseas earnings for Nick Scali following the UK acquisition of Fabb Furniture and raises its target to $15.40 from $13.87. The rating is also upgraded to Buy from Overweight.

The broker expects short-term gross profit margin (GPM) synergies and material longer-term sales/store uplifts.

Potential synergies are so significant the broker believes the transaction could be EPS accretive in FY26, lending additional upside to Jarden's new forecast.

Also not incorporated into the analysts' current forecast for Nick Scali, is the broker's conservative prediction Fabb could increase its store footprint by two or three times.

FORECAST
Jarden forecasts a full year FY24 dividend of 60.20 cents and EPS of 92.00 cents.
Jarden forecasts a full year FY25 dividend of 64.30 cents and EPS of 90.00 cents.
Access Stockbroker Research History >

NCK STOCK CHART

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Latest Furniture & Renovation News

1
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
2
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
3
Nick Scali Worth Watching

Dec 20 2022 - Technicals
4
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest
5
Temple & Webster Outperforming Peers

Feb 11 2022 - Australia
6
Nick Scali Settles On Plush Sofas

Oct 06 2021 - Small Caps
7
Re-Rating In View As Beacon Lighting Expands

Aug 23 2021 - Small Caps
8
Satisfied Customers Boost Temple & Webster

Jul 28 2021 - Small Caps
9
Temple & Webster Sets The Scene Online

Mar 16 2021 - Australia
10
Nick Scali Seated Comfortably For 2021

Feb 09 2021 - Small Caps