PROPEL FUNERAL PARTNERS LIMITED (PFP)
Share Price Analysis and Chart

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PFP - PROPEL FUNERAL PARTNERS LIMITED

FNArena Sector : Consumer Products & Services
Year End: June
GICS Industry Group : Commercial Services & Supplies
Debt/EBITDA: 2.67
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.76

21 Nov
2024

0.030

OPEN

$5.73

0.52%

HIGH

$5.86

154,710

LOW

$5.69

TARGET
$6.625 15.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
PFP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 14.2 19.6 xxx
DPS (cps) xxx 14.4 15.3 xxx
EPS Growth xxx - 12.2% 38.4% xxx
DPS Growth xxx 2.9% 6.5% xxx
PE Ratio xxx N/A 29.4 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 101.7% 78.2% xxx

Dividend yield today if purchased 3 years ago: 3.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.50

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 7.2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx14.2
DPS All xxxxxxxxxxxxxxx14.4
Sales/Revenue xxxxxxxxxxxxxxx208.7 M
Book Value Per Share xxxxxxxxxxxxxxx255.1
Net Operating Cash Flow xxxxxxxxxxxxxxx34.4 M
Net Profit Margin xxxxxxxxxxxxxxx8.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.89 %
Return on Invested Capital xxxxxxxxxxxxxxx4.09 %
Return on Assets xxxxxxxxxxxxxxx3.06 %
Return on Equity xxxxxxxxxxxxxxx5.89 %
Return on Total Capital xxxxxxxxxxxxxxx8.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-10.1 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 xxxxxxxxxxxxxxx29 M
Long Term Debt xxxxxxxxxxxxxxx116 M
Total Debt xxxxxxxxxxxxxxx145 M
Goodwill - Gross xxxxxxxxxxxxxxx194 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxxxxx2.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx26.4 M
Capex % of Sales xxxxxxxxxxxxxxx12.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx144 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx24 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

0.9

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

08/11/2024

1

Overweight

$6.40

11.11%

Morgan Stanley assesses a "solid" trading update by Propel Funeral Partners at its AGM, showing year-on-year revenue and earnings (EBITDA) growth of 16% and 15%, respectively.

These outcomes compare to the broker's forecasts of 14.8% growth in revenue and 14.3% improvement in earnings.

Overweight. Target $6.40. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 16.10 cents and EPS of 20.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 17.50 cents and EPS of 21.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

Moelis

11/11/2024

3

Hold

$6.20

7.64%

Moelis highlights Propel Funeral Partners’ robust start to 1H FY25 was supported by material growth in comparable Australian funeral volumes and acquisitions contributing to a 13% rise in total funeral volumes year-on-year.

The broker observes the 1Q earnings (EBITDA) margin of 26.8% slightly declined from the prior comparable period yet exceeded expectations due to the volume growth.

Revenue per funeral grew by approximately 3%, consistent with long-term trends, demonstrating to the analyst pricing strength.

Moelis projects FY25 earnings (EBITDA) of $63.4m, factoring in 2% organic volume growth and ongoing contributions from recent acquisitions. Propel’s funding capacity is considered strong post-equity raise, allowing for further expansion.

The broker raises the target price to $6.20 from $6.01 and maintains a Hold rating.

FORECAST
Moelis forecasts a full year FY25 dividend of 15.60 cents and EPS of 19.60 cents.
Moelis forecasts a full year FY26 dividend of 17.10 cents and EPS of 21.40 cents.
Access Extra Coverage Research History >

PFP STOCK CHART

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