METCASH LIMITED (MTS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$3.56

25 Jul
2024

-0.010

OPEN

$3.56

-0.28%

HIGH

$3.60

4,076,922

LOW

$3.54

TARGET
$4.066 14.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . 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 28.7 xxx
DPS (cps) xxx 19.5 19.8 xxx
EPS Growth xxx - 3.8% 11.2% xxx
DPS Growth xxx - 13.3% 1.5% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 5.6% xxx
Div Pay Ratio(%) xxx 75.6% 69.0% xxx

Dividend yield today if purchased 3 years ago: 4.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.48

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: 16/07 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

25/06/2024

3

Equal-weight

$3.83

7.58%

Metcash reported FY24 results which showed group revenue of $18.2bn and margins at 2.7%, both in line with consensus, Morgan Stanley observes.

Notably, the broker states, hardware was the key area of weakness, with like-for-like sales down -3.8%, for the trade division and total tools sales down -2.3%. 

Food and Liquor provided an offset, the analyst highlights, with total supermarket revenue (ex-tobacco) up 4.7% year-on-year.

Management's FY25 trading update revealed continued weakness in hardware, with group sales flat year-on-year (ex-Superior Foods). 

Morgan Stanley trims FY25 and FY26 earnings estimates by -3% due to lower hardware sales and margins.

The target price is lowered to $3.83 from $4.05 and the Equal-weight rating unchanged. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 20.00 cents and EPS of 28.80 cents.
Morgan Stanley forecasts a full year FY26 dividend of 21.00 cents and EPS of 30.20 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

27/06/2024

2

Overweight

$4.40

23.60%

Jarden maintains an Overweight rating for Metcash and raises the target price to $4.40 from $4.20.

The broker notes FY24 earnings declined but were marginally above consensus forecasts.

Metcash reported strong performances in the Food and Liquor segments which were offset by weaker Hardware, leading to a -4% reduction in the analyst's FY25 earnings forecast.

When the housing sector eventually turns, Jarden expects strong earnings leverage in the hardware division. The broker is optimistic about Food and Liquor earnings growth through cost-out initiatives and rising teamwork scores.

FORECAST
Jarden forecasts a full year FY25 dividend of 22.00 cents and EPS of 28.30 cents.
Jarden forecasts a full year FY26 dividend of 23.00 cents and EPS of 30.00 cents.
Access Stockbroker Research History >

MTS STOCK CHART

FNArena News on MTS

1
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
2
Next Week At A Glance – 15-19 July 2024

Jul 12 2024 - Weekly Reports
3
In Brief: Airlines, Pathology & Seek

Jul 12 2024 - Weekly Reports
4
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
5
Rudi’s View: All-Weather Portfolio in FY24; Growth Not Value

Jul 10 2024 - Rudi's View

Latest Food, Beverages & Tobacco News

1
Collins Foods Looking For M&A Opportunities

Jun 27 2024 - Australia
2
Housing Crunch For Metcash

Jun 26 2024 - Australia
3
Treasury Wine Chases Luxury

Jun 25 2024 - Australia
4
Treasure Chest: The Fast Food Conundrum

May 02 2024 - Treasure Chest
5
Japan Drags On Domino’s Growth Profile

Apr 16 2024 - Australia
6
Treasury Wine: How To Run A Vineyard

Dec 13 2023 - Australia
7
Collins Foods: Fast Food Resilience & Taco Bell Turnaround

Nov 29 2023 - Australia
8
Inghams Comes Home To Roost

Nov 01 2023 - Australia
9
Endeavour Group Sales Growth Slowing

Oct 31 2023 - Australia
10
In Brief: Ozempic, Banks & the EV Megatrend

Oct 27 2023 - Weekly Reports