PEXA GROUP LIMITED (PXA)
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PXA - PEXA GROUP LIMITED

FNArena Sector : Real Estate
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 3.55
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.95

20 Nov
2024

-0.110

OPEN

$13.10

-0.84%

HIGH

$13.22

247,040

LOW

$12.90

TARGET
$15.803 22.0% upside
OTHER COMPANIES IN THE SAME SECTOR
APZ . DGH . DHG . HMC . REA . RMY . UBN .
FNARENA'S MARKET CONSENSUS FORECASTS
PXA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 10.2 27.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 44.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-10.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx340.1 M
Book Value Per Share xxxxxxxxxxxxxxx691.6
Net Operating Cash Flow xxxxxxxxxxxxxxx109.9 M
Net Profit Margin xxxxxxxxxxxxxxx-5.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-1.46 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.15 %
Return on Assets xxxxxxxxxxxxxxx-0.97 %
Return on Equity xxxxxxxxxxxxxxx-1.46 %
Return on Total Capital xxxxxxxxxxxxxxx0.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx108.4 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 xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx372 M
Total Debt xxxxxxxxxxxxxxx375 M
Goodwill - Gross xxxxxxxxxxxxxxx749 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx90 M
Price To Book Value xxxxxxxxxxxxxxx1.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx68.8 M
Capex % of Sales xxxxxxxxxxxxxxx20.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx141 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx184 M
Research & Development xxxxxxxxxxxxxxx27 M
Investments - Total xxxxxxxxxxxxxxx33 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

3

xxxx

$xx.xx

xx.xx%

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Macquarie

22/08/2024

1

Outperform

$16.90

30.50%

Pexa Group's FY24 result came in at the top end of revenue guidance, beat on earnings (EBITDA), and was broadly in line with Macquarie's capex expectations.

An ongoing recovery in transfer volumes aided the Exchange businesses, explains the broker, while cost-out initiatives helped Digital Solutions to achieve break even. Optima, on the other hand, disappointed with an around -$10m earnings loss.

The revenue growth guidance range of 13-19% is reliant on further transfer volume growth, suggest Macquarie.

Outperform rating retained and the target is increased to $16.90 from $16.80.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 17.90 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 39.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

1

xxx

$xx.xx

xx.xx%

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Jarden

13/11/2024

3

Neutral

$14.65

13.13%

Pexa Group's 1Q25 update showed stronger-than-expected volume growth in the PEXA Exchange business but also revealed a slightly weaker Digital segment performance, highlights Jarden.

The Australian operations achieved steady, albeit modest growth, with the broker forecasting 7% earnings (EBITDA) growth in FY25, supported by a 2% market volume increase and minor CPI-linked price rises.

Expansion efforts in the UK continue, with test transactions scheduled for early 2026, though the timeline for reaching a 25% market share target has been adjusted to late 2027, note the analysts.

Jarden lowers its FY25 and FY26 EPS estimates by -0.6% and -2.4%, respectively, due to UK delays and softer Digital revenues.

The target price falls to $14.65 from $14.90. Neutral.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 25.20 cents.
Jarden forecasts a full year FY26 dividend of 30.29 cents and EPS of 43.30 cents.
Access Extra Coverage Research History >

PXA STOCK CHART

FNArena News on PXA

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 14, 2024

Nov 14 2024 - Daily Market Reports
4
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
5
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View

Latest Real Estate News

1
REA Group: A Tale Of Two Cities

Aug 19 2024 - Australia
2
Weak Listings Not Insurmountable For REA Group

Feb 14 2023 - Australia
3
REA Group Heading Higher

Aug 16 2022 - Technicals
4
ESG Focus: Will Your Property Be Uninsurable By 2030?

May 05 2022 - ESG Focus
5
Can REA Group Stay The FY22 Course?

Feb 07 2022 - Australia
6
Is Valuation The Issue Now For REA Group?

Nov 08 2021 - Australia
7
REA: Wait For Lower Entry Point

Aug 17 2021 - Technicals
8
REA Group: Upside Break?

May 04 2021 - Technicals
9
REA Group Instils Confidence, Valuation Not So

Feb 08 2021 - Australia
10
Australian Broker Call *Extra* Edition – Sep 16, 2020

Sep 16 2020 - Daily Market Reports