METCASH LIMITED (MTS)
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MTS

MTS - METCASH LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: April
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.18
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Metcash is an Australian conglomerate marketing produce, alcohol, hardware and other consumer goods. Its brands include IGA, Mitre 10 and The Bottle O. Originally founded in 1927 by Joe David, it became a listed entity in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.73

13 Jun
2025

0.020

OPEN

$3.72

0.54%

HIGH

$3.78

5,080,429

LOW

$3.68

TARGET
$3.79 1.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . EDV . GYG . ING . LRK . MBH . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
MTS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 25.8 25.1 xxx
DPS (cps) xxx 19.5 17.2 xxx
EPS Growth xxx - 3.8% - 2.7% xxx
DPS Growth xxx - 13.3% - 11.8% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 75.6% 68.5% xxx

Dividend yield today if purchased 3 years ago: 4.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.23

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: 13/12 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx25.8
DPS All xxxxxxxxxxxxxxx19.5
Sales/Revenue xxxxxxxxxxxxxxx15,912.4 M
Book Value Per Share xxxxxxxxxxxxxxx138.9
Net Operating Cash Flow xxxxxxxxxxxxxxx482.6 M
Net Profit Margin xxxxxxxxxxxxxxx1.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx19.86 %
Return on Invested Capital xxxxxxxxxxxxxxx10.37 %
Return on Assets xxxxxxxxxxxxxxx4.60 %
Return on Equity xxxxxxxxxxxxxxx19.86 %
Return on Total Capital xxxxxxxxxxxxxxx16.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx199.4 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 xxxxxxxxxxxxxxx213 M
Long Term Debt xxxxxxxxxxxxxxx1,198 M
Total Debt xxxxxxxxxxxxxxx1,411 M
Goodwill - Gross xxxxxxxxxxxxxxx1,754 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx97 M
Price To Book Value xxxxxxxxxxxxxxx2.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx135.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx15,132 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx326 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx141 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

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

11/06/2025

1

Buy

$4.00

7.24%

Metcash's FY25 underlying net profit guidance of $273-277m was slightly above UBS' estimate. In the case of EBIT, food & liquor was below the broker's forecast, while the upper end of hardware was in line.

Despite challenging market conditions, the broker believes the company is well-placed for recovery, especially given the decision to merge its Independent Hardware Group (IHG) and Total Tools businesses.

The broker reckons the departure of Total Tools' CEO is a loss, but IHG CEO Scott Marshall's wider experience would help.

FY25 underlying EPS forecast cut by -0.3% while FY26 lifted by 1.2%, and FY27 by 3.4% on higher hardware EBIT estimates.

Buy. Target rises to $4.00 from $3.50.

FORECAST
UBS forecasts a full year FY25 dividend of 17.00 cents and EPS of 25.00 cents.
UBS forecasts a full year FY26 dividend of 19.00 cents and EPS of 27.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Jarden

12/06/2025

2

Overweight

$4.00

7.24%

Jarden highlights Metcash’s FY25 profit is tracking about 1% above consensus, with strength in food offsetting softness in liquor and hardware.

The broker notes a restructure will merge IHG and Total Tools under a single pillar, delaying any near-term demerger catalyst but offering synergy potential.

The analysts' operating earnings (EBIT) forecasts for FY25-27 are cut by -2-4% due to lower volumes and margin pressure in food and liquor, while hardware forecasts remain unchanged. The target is reduced to $4.00 from $4.10.

Jarden views Metcash as undervalued on a sum-of-the-parts basis an retains an Overweight rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 21.00 cents and EPS of 24.90 cents.
Jarden forecasts a full year FY26 dividend of 23.00 cents and EPS of 26.60 cents.
Access Extra Coverage Research History >

MTS STOCK CHART

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