COLLINS FOODS LIMITED (CKF)
Share Price Analysis and Chart

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CKF - COLLINS FOODS LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: May
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.9
Index: ASX200 | ASX300 | ALL-ORDS

Collins Foods owns or franchises restaurants from three fast-food brands, KFC, Taco Bell and Sizzlers. Opening the first KFC franchise in 1969, it became a listed company in 2011. Sizzlers is in the process of closing down.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.33

28 May
2024

-0.150

OPEN

$9.45

-1.58%

HIGH

$9.50

254,978

LOW

$9.31

TARGET
$12.125 30.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . MTS . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
CKF: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 10.9 51.1 xxx
DPS (cps) xxx 27.0 27.9 xxx
EPS Growth xxx - 76.8% 100.0% xxx
DPS Growth xxx 0.0% 3.2% xxx
PE Ratio xxx N/A 17.7 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 248.2% 54.5% xxx

Dividend yield today if purchased 3 years ago: 2.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.98

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: 04/12 - ex-div 12.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx10.9
DPS All xxxxxxxxxxxxxxx27.0
Sales/Revenue xxxxxxxxxxxxxxx1,348.6 M
Book Value Per Share xxxxxxxxxxxxxxx327.7
Net Operating Cash Flow xxxxxxxxxxxxxxx146.2 M
Net Profit Margin xxxxxxxxxxxxxxx0.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx2.90 %
Return on Invested Capital xxxxxxxxxxxxxxx0.99 %
Return on Assets xxxxxxxxxxxxxxx0.76 %
Return on Equity xxxxxxxxxxxxxxx2.90 %
Return on Total Capital xxxxxxxxxxxxxxx9.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx51.1 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 xxxxxxxxxxxxxxx45 M
Long Term Debt xxxxxxxxxxxxxxx799 M
Total Debt xxxxxxxxxxxxxxx843 M
Goodwill - Gross xxxxxxxxxxxxxxx499 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx80 M
Price To Book Value xxxxxxxxxxxxxxx2.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx75.6 M
Capex % of Sales xxxxxxxxxxxxxxx5.61 %
Cost of Goods Sold xxxxxxxxxxxxxxx672 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx558 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

08/01/2024

1

Initiation of coverage with Overweight

$14.20

52.20%

Morgan Stanley has initiated coverage of Collins Foods with an Outperform rating and $14.20 price target. The broker likes the fast food restaurants operator for its defensive qualities amidst a challenging outlook for consumer spending.

Other positive features include a predictable incremental return on investments (ROIC) and optionality through M&A.

Anticipated margin expansion supports the broker's forecast for 19% EPS CAGR for FY23-FY26 (with 8% revenue growth throughout the period).

The impact from GLP-1 drugs is expected to be less for Australia and Europe than in the US where total calorie consumption is estimated to shrink by -1.3% by 2035.

While the risks from changing consumer behaviour can be greater, Morgan Stanley argues they remain manageable for a strong brand that is KFC.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 27.00 cents and EPS of 51.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 39.10 cents and EPS of 64.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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CKF STOCK CHART