PROPEL FUNERAL PARTNERS LIMITED (PFP)
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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: 3.14
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.92

01 Jan
2026

0.000

OPEN

$4.92

0.000

HIGH

$4.92

0

LOW

$4.92

TARGET
$5.833

+0.08 change from previous day

 18.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALD . WES .
FNARENA'S MARKET CONSENSUS FORECASTS
PFP: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 14.8 17.1 xxx
DPS (cps) xxx 14.4 14.3 xxx
EPS Growth xxx 4.4% 15.8% xxx
DPS Growth xxx 0.0% - 1.0% xxx
PE Ratio xxx N/A 28.5 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 97.4% 83.2% xxx

Dividend yield today if purchased 3 years ago: 3.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.94

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: 03/03 - ex-div 7.40c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx14.8
DPS All xxxxxxxxxxxxxxx14.4
Sales/Revenue xxxxxxxxxxxxxxx224.9 M
Book Value Per Share xxxxxxxxxxxxxxx257.3
Net Operating Cash Flow xxxxxxxxxxxxxxx40.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx5.77 %
Return on Invested Capital xxxxxxxxxxxxxxx4.23 %
Return on Assets xxxxxxxxxxxxxxx3.19 %
Return on Equity xxxxxxxxxxxxxxx5.77 %
Return on Total Capital xxxxxxxxxxxxxxx7.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx29 M
Long Term Debt xxxxxxxxxxxxxxx143 M
Total Debt xxxxxxxxxxxxxxx172 M
Goodwill - Gross xxxxxxxxxxxxxxx204 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx1.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx25.7 M
Capex % of Sales xxxxxxxxxxxxxxx11.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx160 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

27/08/2025

1

Outperform

$5.80

17.89%

Propel Funeral Partners' FY25 result was slightly ahead of guidance. A solid result, Macquarie suggests, given industry volume contracted -3% in the second half.

Macquarie believes FY26 organic earnings growth should reflect volume growth in line with ABS forecasts and average revenue per funeral growth in line with inflation.

In FY25, Propel only deployed -$13m into acquisitions. This was below its -$40mpa average across FY18-24, and is the lowest level of capital it has deployed in a year since IPO, the broker notes.

The lull in deployment followed a record year of acquisitions in FY24. The acquisition pipeline remains healthy, with management noting numerous targets of size. 

Long-term fundamentals remain attractive, Macquarie suggests, with M&A continuing to represent material earnings upside.

Target rises to $5.80 from $5.66, Outperform retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 14.30 cents and EPS of 17.90 cents.
Macquarie forecasts a full year FY27 dividend of 15.40 cents and EPS of 19.20 cents.

Morgan Stanley

xx/xx/xxxx

1

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

26/08/2025

1

Buy

$5.81

18.09%

FY25 results for Propel Funeral Partners exceeded guidance, with revenue of $225.8m above the $220-225m range and up 8% year-on-year, observes Moelis. Earnings (EBITDA) of $56.2m also beat the $54-56m range, with a margin of 24.9%.

Funeral volumes rose 4.4% to 22,602, while organic volumes contracted -1%, less than expected, and comparable average revenue per funeral (ARPF) grew 2.3%. Net leverage was 2.1 times, well within the 5.0 times covenant limit, highlights the analyst.

Recent industry data show death volumes strengthening into mid-2025, supporting a more encouraging outlook for organic volume growth, the broker suggests.

Positively, July revenue of more than $21.5m reflected seasonally stronger funeral numbers, ARPF growth of 2.7%, and contributions from acquisitions, explains the analyst.

Demographic tailwinds from FY28-30 are expected to enhance organic volume growth, while acquisitions of around -$30m per year are assumed by the broker for FY26 and FY27.

Moelis maintains a Buy rating. Target $5.81.

FORECAST
Moelis forecasts a full year FY26 dividend of 14.40 cents and EPS of 17.20 cents.
Moelis forecasts a full year FY27 dividend of 16.40 cents and EPS of 19.60 cents.
Access Extra Coverage Research History >

PFP STOCK CHART

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