QUALITAS LIMITED (QAL)
Share Price Analysis and Chart

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QAL - QUALITAS LIMITED

Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 9.94
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.52

18 Apr
2024

0.060

OPEN

$2.53

2.44%

HIGH

$2.58

8,035

LOW

$2.49

TARGET
$2.995 18.8% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
QAL: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 9.3 xxx
DPS (cps) xxx N/A 9.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 25.9 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx N/A 99.5% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.11

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: 07/03 - ex-div 2.25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2020202120222023
EPS Basic xxxxxxxxx7.7
DPS All xxxxxxxxx7.5
Sales/Revenue xxxxxxxxx94.1 M
Book Value Per Share xxxxxxxxx123.7
Net Operating Cash Flow xxxxxxxxx-22.9 M
Net Profit Margin xxxxxxxxx23.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx6.29 %
Return on Invested Capital xxxxxxxxx3.30 %
Return on Assets xxxxxxxxx2.90 %
Return on Equity xxxxxxxxx6.29 %
Return on Total Capital xxxxxxxxx4.41 %
Free Cash Flow ex dividends xxxxxxxxx-41.0 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 2020202120222023
Short-Term Debt xxxxxxxxx108 M
Long Term Debt xxxxxxxxx232 M
Total Debt xxxxxxxxx341 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx192 M
Price To Book Value xxxxxxxxx2.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx0.5 M
Capex % of Sales xxxxxxxxx0.50 %
Cost of Goods Sold xxxxxxxxx23 M
Selling, General & Admin. Exp & Other xxxxxxxxx39 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx356 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

23/02/2024

1

Outperform

$2.89

14.68%

Qualitas's December-half result appears to have fallen shy of Macquarie's forecasts due to higher corporate costs and lower Arch Finance earnings.

The broker argues the underlying business posted structural improvements (Principal income rose) and this augurs well for the future.

The broker observes improving conditions in the latter part of the half as construction costs stabilised and apartment prices started to recover. 

Macquarie expects accelerating deployment momentum will flow through to funds under management and observes the company is well funded to pursue growth (strong balance sheet combined with demand from financiers) and also reported an improved co-investment capacity.

FY24 EPS forecasts fall -3% to the middle of the company's target range and rise 3% in FY25 and FY26 to reflect the Principal income beat and an expected recovery in Arch Finance.

Outperform rating retained. Target price falls to $2.89 from $3.08.

FORECAST
Macquarie forecasts a full year FY24 dividend of 10.50 cents and EPS of 9.50 cents.
Macquarie forecasts a full year FY25 dividend of 10.80 cents and EPS of 13.00 cents.

QAL STOCK CHART