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

$5.80

07 Oct
2024

0.040

OPEN

$5.80

0.69%

HIGH

$5.80

32,475

LOW

$5.73

TARGET
$6.495 12.0% 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 15.4 xxx
EPS Growth xxx - 12.2% 38.4% xxx
DPS Growth xxx 2.9% 6.7% xxx
PE Ratio xxx N/A 29.5 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx 101.7% 78.4% xxx

Dividend yield today if purchased 3 years ago: 3.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.49

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

28/08/2024

1

Outperform

$6.88

18.62%

FY24 revenue for Propel Funeral Partners came in at the mid-point of guidance aided by an around $42m contribution from acquisitions, explains Macquarie. 

The analyst forecasts FY25 earnings (UEBITDA) growth of 14.6% with further M&A representing material upside.

Given the -6% FY24 decline in organic volumes, the broker considers an earnings margin decline of only -80bps is a solid outcome.

The Outperform rating is retained and the target rises by 30 cents to $6.88.

FORECAST
Macquarie forecasts a full year FY25 dividend of 14.80 cents and EPS of 19.50 cents.
Macquarie forecasts a full year FY26 dividend of 16.90 cents and EPS of 21.20 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

29/08/2024

3

Hold

$6.01

3.62%

Propel Funeral Partners reported FY24 slightly at the lower end of guidance according to Moelis with no guidance offered for FY25.

Total funeral volumes rose 20% year-on-year although organic volumes declined by -6%, with average revenue per funeral up 5.5%.

July revenue growth has come in at 20% with higher total volumes, including acquisitions and funeral volumes and revenue per funeral.

Target price rises to $6.01 from $5.64. Hold rating unchanged.

FORECAST
Moelis forecasts a full year FY25 dividend of 13.60 cents and EPS of 19.50 cents.
Moelis forecasts a full year FY26 dividend of 15.00 cents and EPS of 21.40 cents.
Access Extra Coverage Research History >

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