HMC CAPITAL LIMITED (HMC)
Share Price Analysis and Chart

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HMC - HMC CAPITAL LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 4.73
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.63

25 Jul
2024

-0.020

OPEN

$7.54

-0.26%

HIGH

$7.67

1,043,267

LOW

$7.52

TARGET
$7.352 -3.6% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
HMC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 19.5 34.8 xxx
DPS (cps) xxx 12.0 12.0 xxx
EPS Growth xxx - 26.1% 78.5% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 22.5 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 61.6% 34.5% xxx

Dividend yield today if purchased 3 years ago: 2.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.54

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: 26/02 - ex-div 6c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2020202120222023
EPS Basic xxxxxxxxx19.5
DPS All xxxxxxxxx12.0
Sales/Revenue xxxxxxxxx69.5 M
Book Value Per Share xxxxxxxxx297.4
Net Operating Cash Flow xxxxxxxxx34.1 M
Net Profit Margin xxxxxxxxx82.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx6.08 %
Return on Invested Capital xxxxxxxxx6.05 %
Return on Assets xxxxxxxxx5.06 %
Return on Equity xxxxxxxxx6.08 %
Return on Total Capital xxxxxxxxx1.58 %
Free Cash Flow ex dividends xxxxxxxxx-2.0 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 2020202120222023
Short-Term Debt xxxxxxxxx87 M
Long Term Debt xxxxxxxxx3 M
Total Debt xxxxxxxxx90 M
Goodwill - Gross xxxxxxxxx49 M
Cash & Equivalents - Generic xxxxxxxxx116 M
Price To Book Value xxxxxxxxx1.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxx25 M
Selling, General & Admin. Exp & Other xxxxxxxxx28 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx346 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

0.1

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgans

13/06/2024

3

Hold

$7.79

2.10%

The acquisition of commercial real estate private credit platform, Payton Capital, will enable HMC Capital to execute its medium-term strategy of establishing a $5bn diversified private credit asset management platform, comments Morgans.

The broker explains the platform will be across real estate, corporate, mezzanine and infrastructure loans and should materially increase HMC's level of recurring earnings.

Payton is being acquired for -$127.5m and the issue of $28.5m of HMC Capital shares. To support the transaction, management has raised $100m via an underwritten institutional placement with a non-underwritten SPP set to raise a further $30m.

The SPP closes on June 18. Morgans raises its target to $7.79 from $7.25. Hold.

FORECAST
Morgans forecasts a full year FY24 dividend of 12.00 cents and EPS of 31.90 cents.
Morgans forecasts a full year FY25 dividend of 12.00 cents and EPS of 33.60 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

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

21/06/2024

3

Neutral

$7.90

3.54%

Within Jarden's coverage of the Australian REIT sector, weighted-average funds from operations (FFO) growth forecasts are starting to improve for FY25 and FY26 to 3.6% and 7.9%, respectively, from -2.2% in FY24.

The broker believes downside risk to asset values is well reflected in current valuations, and REITs are increasingly moving to offence from defence.

Excluding Goodman Group (which remains the best quality stock in the sector), the analysts see around 18% upside to 12-month target prices.

The broker's target for HMC Capital is increased to $7.90 from $7.00 and the Neutral rating is retained. While Jarden sees medium-term growth potential, there is better value elsewhere in the sector after this REIT's strong share price performance in 2024.
Access Stockbroker Research History >

HMC STOCK CHART

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