COVENTRY GROUP LIMITED (CYG)
Share Price Analysis and Chart

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CYG - COVENTRY GROUP LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 3.41
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.34

22 Jul
2024

-0.097

OPEN

$1.34

-6.75%

HIGH

$1.34

51,679

LOW

$1.33

TARGET
$2.00 49.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
CYG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.7 7.3 xxx
DPS (cps) xxx 3.5 3.5 xxx
EPS Growth xxx - 49.6% 100.0% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 19.7 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 130.6% 47.9% xxx

Dividend yield today if purchased 3 years ago: 2.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.44

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: 28/09 - ex-div 3.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.7
DPS All xxxxxxxxxxxxxxx3.5
Sales/Revenue xxxxxxxxxxxxxxx358.2 M
Book Value Per Share xxxxxxxxxxxxxxx122.3
Net Operating Cash Flow xxxxxxxxxxxxxxx19.6 M
Net Profit Margin xxxxxxxxxxxxxxx0.69 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx2.18 %
Return on Invested Capital xxxxxxxxxxxxxxx1.52 %
Return on Assets xxxxxxxxxxxxxxx0.88 %
Return on Equity xxxxxxxxxxxxxxx2.18 %
Return on Total Capital xxxxxxxxxxxxxxx6.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx12.8 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 xxxxxxxxxxxxxxx50 M
Long Term Debt xxxxxxxxxxxxxxx55 M
Total Debt xxxxxxxxxxxxxxx105 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4 M
Price To Book Value xxxxxxxxxxxxxxx0.94

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx3.7 M
Capex % of Sales xxxxxxxxxxxxxxx1.04 %
Cost of Goods Sold xxxxxxxxxxxxxxx313 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx30 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

Bell Potter

15/07/2024

1

Buy

$2.00

49.25%

Coventry Group released a better-than-expected trading update with FY24 sales and EBITDA coming in ahead of Bell Potter's estimates.

Group sales rose 4% and the broker states the strategy at this stage of the cycle appears to be doing well, as EBITDA rose 22% year-on-year, above the analyst's forecast. 

Bell Potter raises its EPS estimates by 12% and 4% for FY24 and FY25, respectively, and notes strong demand in the resource states of WA and Qld; NZ continues to be challenging and there is some softening in other Australian states.

Steelmasters is trading in line with management's expectations. The Buy rating is retained, and the target price raised to $2 from $1.90.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 3.50 cents and EPS of 7.30 cents.
Bell Potter forecasts a full year FY25 dividend of 4.00 cents and EPS of 8.60 cents.
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

Petra Capital

19/06/2024

1

Buy

$2.50

86.57%

Petra Capital transfers coverage of Coventry Group to a new analyst and retains a Buy rating and $2.50 target price.

The analyst makes no changes to the earnings forecast.

The broker is forecastings revenue growth of 15.1% in FY25 and 8.5% the year after, including a 12-month contribution from Steelmasters.

Margins are also anticipated to improve off the FY24 levels. Petra Capital views the stock as fundamentally undervalued.

Buy rating and $2.50 target unchanged.

FORECAST
Petra Capital forecasts a full year FY24 dividend of 3.50 cents and EPS of 10.60 cents.
Petra Capital forecasts a full year FY25 dividend of 8.00 cents and EPS of 19.40 cents.
Access Stockbroker Research History >

CYG STOCK CHART

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