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: 2.7
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

$4.07

04 Jul
2025

0.060

OPEN

$4.03

1.50%

HIGH

$4.10

5,004,284

LOW

$4.02

TARGET
$4.10 0.7% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 25.9 26.9 xxx
DPS (cps) xxx 18.0 18.8 xxx
EPS Growth xxx 0.2% 4.2% xxx
DPS Growth xxx - 7.7% 4.4% xxx
PE Ratio xxx N/A 15.1 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 69.6% 69.8% xxx

Dividend yield today if purchased 3 years ago: 4.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.42

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx25.9
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx17,323.0 M
Book Value Per Share xxxxxxxxxxxxxxx148.0
Net Operating Cash Flow xxxxxxxxxxxxxxx539.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx18.03 %
Return on Invested Capital xxxxxxxxxxxxxxx9.77 %
Return on Assets xxxxxxxxxxxxxxx4.47 %
Return on Equity xxxxxxxxxxxxxxx18.03 %
Return on Total Capital xxxxxxxxxxxxxxx14.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx229.0 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 xxxxxxxxxxxxxxx431 M
Long Term Debt xxxxxxxxxxxxxxx1,460 M
Total Debt xxxxxxxxxxxxxxx1,891 M
Goodwill - Gross xxxxxxxxxxxxxxx2,024 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx85 M
Price To Book Value xxxxxxxxxxxxxxx2.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx148.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx16,482 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx381 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx151 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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

24/06/2025

1

Buy

$4.25

4.42%

Metcash's FY25 result came in at the upper end of guidance, UBS details, with Food & Liquor above and Hardware below the analyst's expectations.

Sales in the first seven weeks of FY26 are up 4.7%, composed of growth of 2.7% excluding Tobacco and ex-Superior Foods. Hardware sales and earnings (EBITDA) were basically flat in FY25, with Total Tools weak and Independent Hardware showing some improvement.

UBS tweaks EPS estimates, with no change to the Buy rating. Target lifts to $4.25 from $4. The analyst continues to like the risk/reward on the stock despite the share price appreciation of 27.5% since the April low.

Growth from Hardware, which has been challenging, is expected to eventually recover, and the Food & Liquor business remains resilient.

FORECAST
UBS forecasts a full year FY26 dividend of 19.00 cents and EPS of 27.00 cents.
UBS forecasts a full year FY27 dividend of 21.00 cents and EPS of 30.00 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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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

-1.72%

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 FY26 dividend of 23.00 cents and EPS of 26.60 cents.
Access Extra Coverage Research History >

MTS STOCK CHART

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