AUSTRALIAN VINTAGE LIMITED (AVG)
Share Price Analysis and Chart

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AVG - AUSTRALIAN VINTAGE LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 5.38
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.365

21 Feb
2024

-0.010

OPEN

$0.37

-2.67%

HIGH

$0.38

412,591

LOW

$0.36

TARGET
$0.52 42.5% upside
Franking for last dividend paid out: 60%
OTHER COMPANIES IN THE SAME SECTOR
AMC . BFC . CKF . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . MTS . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
AVG: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 1.6 3.5 xxx
DPS (cps) xxx 0.0 0.9 xxx
EPS Growth xxx - 76.8% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.1 xxx
Dividend Yield xxx N/A 2.6% xxx
Div Pay Ratio(%) xxx 0.0% 26.1% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

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: 24/11 - ex-div 3.4c (franking 60%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx1.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx258.6 M
Book Value Per Share xxxxxxxxxxxxxxx115.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-12.7 M
Net Profit Margin xxxxxxxxxxxxxxx1.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx1.36 %
Return on Invested Capital xxxxxxxxxxxxxxx0.96 %
Return on Assets xxxxxxxxxxxxxxx0.79 %
Return on Equity xxxxxxxxxxxxxxx1.36 %
Return on Total Capital xxxxxxxxxxxxxxx2.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-32.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx122 M
Total Debt xxxxxxxxxxxxxxx129 M
Goodwill - Gross xxxxxxxxxxxxxxx44 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxxxxx0.35

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx10.8 M
Capex % of Sales xxxxxxxxxxxxxxx4.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx183 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx67 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

28/08/2023

3

Hold

$0.46

26.03%

Overall, Australian Vintage’s FY23 result was in line to moderately ahead of Bell Potters forecasts, with a key outcome being group sales, which were held flat year on year.

Against a commercial wine market down -10-15%, Australian Vintage continues to improve its portfolio mix, the broker notes, and leverage to a potential UK recovery, with contribution from higher value premium brands now 36% of gross profit, up from 31% and 20% in FY21-22.

With the stock trading at a greater than -50% discount to NTA, it's starting to look more like an entry point for investors. But on the current mix, the rate of decline in value wine consumption globally continues to be a challenge and at present has a greater negative impact on gross margins, Bell Potter notes.

The broker thus awaits a cyclical bottom. Hold retained, target falls to 46c from 50c.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.80 cents and EPS of 2.90 cents.
Bell Potter forecasts a full year FY25 dividend of 2.00 cents and EPS of 5.20 cents.

AVG STOCK CHART