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

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PFP

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

$4.62

17 Jun
2025

-0.010

OPEN

$4.63

-0.22%

HIGH

$4.63

343,926

LOW

$4.55

TARGET
$5.74 24.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . MPA . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
PFP: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 14.2 15.9 xxx
DPS (cps) xxx 14.4 13.3 xxx
EPS Growth xxx - 12.2% 12.3% xxx
DPS Growth xxx 2.9% - 7.9% xxx
PE Ratio xxx N/A 28.5 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 101.7% 83.4% xxx

Dividend yield today if purchased 3 years ago: 3.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.18

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 © 2025 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

1.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

28/05/2025

1

Outperform

$5.66

22.51%

Propel Funeral Partners' FY25 revenue guidance missed Macquarie's forecast by -3% due to weaker-than-expected volumes in 2H25. The forecast for underlying EBITDA was also lower, implying a lower margin vs the broker's forecast.

The broker believes death volumes can be volatile and expects the contraction in 2H to be temporary, with long-term fundamentals still attractive as death rates are expected to peak in Australia/NZ.

The analyst notes acquisition activity has quietened down this year following a record FY24, but the pipeline is healthy.

EPS forecasts for FY25-27 downgraded due to lower volumes in 2H25 and a moderation in underlying EBITDA margins. 

Outperform. Target cut to $5.66 from $6.65.

FORECAST
Macquarie forecasts a full year FY25 dividend of 13.00 cents and EPS of 15.30 cents.
Macquarie forecasts a full year FY26 dividend of 14.80 cents and EPS of 18.50 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

28/05/2025

1

Buy

$5.54

19.91%

Moelis notes Propel Funeral Partners has downgraded expectations for FY25, guiding to $222.5m revenue and $55m EBITDA, respectively -4% and -8% below consensus.

The culprit: softer-than-expected organic death volumes, especially in Q2. A largely fixed cost base is amplifying the impact, with margins now forecast at 24.7%, down from 25.9%.

Moelis has trimmed its earnings and dividend forecasts across FY25–27 by up to -19%, and now assumes more conservative operating leverage.

Buy rating retained with reference to the defensive nature of the deathcare sector, Propel’s high-quality assets, and ample room to grow via acquisition (the company has just 9% share in a fragmented market).

With no major acquisitions announced this half and CEO succession still in transition, commentary suggests upside will depend on execution. A number of potential deals remain in the pipeline, though timing is unclear.

Target price trimmed to $5.54 from $6.10.

FORECAST
Moelis forecasts a full year FY25 dividend of 12.50 cents and EPS of 14.90 cents.
Moelis forecasts a full year FY26 dividend of 14.00 cents and EPS of 16.80 cents.
Access Extra Coverage Research History >

PFP STOCK CHART

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