REJECT SHOP LIMITED (TRS)
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TRS - REJECT SHOP LIMITED

FNArena Sector : Household & Personal Products
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.87
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.25

06 Sep
2024

0.050

OPEN

$3.20

1.56%

HIGH

$3.25

15,480

LOW

$3.20

TARGET
$3.867 19.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABY . AOV . BRG . DSK . MYR . SSG .
FNARENA'S MARKET CONSENSUS FORECASTS
TRS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.4 21.1 xxx
DPS (cps) xxx 0.0 12.2 xxx
EPS Growth xxx - 54.4% 70.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 15.4 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx N/A 57.8% 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: 18/04 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx12.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx852.7 M
Book Value Per Share xxxxxxxxxxxxxxx455.8
Net Operating Cash Flow xxxxxxxxxxxxxxx102.1 M
Net Profit Margin xxxxxxxxxxxxxxx0.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx2.68 %
Return on Invested Capital xxxxxxxxxxxxxxx1.45 %
Return on Assets xxxxxxxxxxxxxxx0.95 %
Return on Equity xxxxxxxxxxxxxxx2.68 %
Return on Total Capital xxxxxxxxxxxxxxx4.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx76.5 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 xxxxxxxxxxxxxxx81 M
Long Term Debt xxxxxxxxxxxxxxx155 M
Total Debt xxxxxxxxxxxxxxx236 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx50 M
Price To Book Value xxxxxxxxxxxxxxx0.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.7 M
Capex % of Sales xxxxxxxxxxxxxxx1.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx615 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx221 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

23/08/2024

3

Equal-weight

$3.70

13.85%

Reject Shop's FY24 results revealed earnings (EBIT) of $5.4m versus the consensus estimate for $5m, notes Morgan Stanley, and May guidance of between $4-5.5m.

Shrinkage, mix and domestic freight weighed on the gross profit of $339m (consensus $344m), explains the broker.

Management is targeting a net 10-15 new store roll-out in FY25, compared to five in FY24.

Equal-weight. Target $3.70. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 11.00 cents and EPS of 22.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 29.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

27/08/2024

2

Overweight

$5.10

56.92%

Reject Shop reported solid FY24 results which met Jarden's forecasts.

The highlight were gross margins up 80 basis points in 2H24, but like-for-like sales were restrained at circa 2.6% growth, the broker highlights.

Execution on the strategy is taking longer than anticipated, due to an improvement in customer transactions with better average selling prices.

Jarden cuts earnings forecasts as higher admin and finance costs bite, with FY25 net profit downgraded -41%. The revisions in FY26 are -10%.

Overweight rating unchanged. Target price slips to $5.10 from $5.80.

FORECAST
Jarden forecasts a full year FY25 dividend of 15.00 cents and EPS of 18.20 cents.
Jarden forecasts a full year FY26 dividend of 33.00 cents and EPS of 39.00 cents.
Access Extra Coverage Research History >

TRS STOCK CHART

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