PEXA GROUP LIMITED (PXA)
Share Price Analysis and Chart

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PXA - PEXA GROUP LIMITED

FNArena Sector : Real Estate
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 3.47
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.53

25 Jul
2024

-0.270

OPEN

$13.70

-1.96%

HIGH

$13.70

621,347

LOW

$13.36

TARGET
$15.608 15.4% upside
OTHER COMPANIES IN THE SAME SECTOR
APZ . DGH . DHG . HMC . REA . RMY . UBN .
FNARENA'S MARKET CONSENSUS FORECASTS
PXA: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 12.3 14.9 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 92.5 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 20192020202120222023
EPS Basic xxxxxxxxxxxx-12.3
DPS All xxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxx281.7 M
Book Value Per Share xxxxxxxxxxxx700.6
Net Operating Cash Flow xxxxxxxxxxxx83.2 M
Net Profit Margin xxxxxxxxxxxx-7.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx-1.74 %
Return on Invested Capital xxxxxxxxxxxx-1.40 %
Return on Assets xxxxxxxxxxxx-1.20 %
Return on Equity xxxxxxxxxxxx-1.74 %
Return on Total Capital xxxxxxxxxxxx0.73 %
Free Cash Flow ex dividends xxxxxxxxxxxx81.0 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 20192020202120222023
Short-Term Debt xxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxx304 M
Total Debt xxxxxxxxxxxx306 M
Goodwill - Gross xxxxxxxxxxxx719 M
Cash & Equivalents - Generic xxxxxxxxxxxx37 M
Price To Book Value xxxxxxxxxxxx1.94

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx74.6 M
Capex % of Sales xxxxxxxxxxxx26.49 %
Cost of Goods Sold xxxxxxxxxxxx112 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx159 M
Research & Development xxxxxxxxxxxx51 M
Investments - Total xxxxxxxxxxxx32 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

5
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

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

09/05/2024

2

Accumulate

$17.25

27.49%

Pexa Group's Q3 update has not changed Ord Minnett's fair value estimate of $17.25. Management disappointed slightly by sticking with its FY24 guidance, which is slightly below the broker's forecast.

The broker has now pushed out its expectations into FY25, but still believes operational leverage should kick in as soon as volumes in the Australian housing market revert to long-term averages.

With the market seen as overly focused on the loss-making entrance into the UK, Ord Minnett views the stock as undervalued.

The Accumulate rating and $17.25 target are unchanged.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents and EPS of 6.50 cents.
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of 11.90 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

15/05/2024

3

Neutral

$14.20

4.95%

Pexa Group's 3Q trading update came with management reiterating full-year guidance and longer-term UK targets.

Goldman Sachs assessed the key positives as a 9% increase in exchange transfer volumes and successful platform share gains.

UK lender partnerships are progressing, with a full rollout of the 48-hour remo solution anticipated by the end of 2024

Analysts concerns include a -22% decrease in refinance volumes and lower than expected digital revenue growth for 2H24.

The analysts revise FY25-26 EBITDA forecasts by 1%-2%  due to narrowing losses in the UK, offset by lesser earnings from the digital segment.

Neutral rating maintained and the target is raised 8% to $14.20.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 23.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 39.00 cents.
Access Stockbroker Research History >

PXA STOCK CHART

FNArena News on PXA

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

Jul 18 2024 - Rudi's View
2
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jul 04, 2024

Jul 04 2024 - Daily Market Reports
4
Rudi’s View: Met Coal, Banks, GenAi & Buying-The-Dip

Jul 04 2024 - Rudi's View
5
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View

Latest Real Estate News

1
Weak Listings Not Insurmountable For REA Group

Feb 14 2023 - Australia
2
REA Group Heading Higher

Aug 16 2022 - Technicals
3
ESG Focus: Will Your Property Be Uninsurable By 2030?

May 05 2022 - ESG Focus
4
Can REA Group Stay The FY22 Course?

Feb 07 2022 - Australia
5
Is Valuation The Issue Now For REA Group?

Nov 08 2021 - Australia
6
REA: Wait For Lower Entry Point

Aug 17 2021 - Technicals
7
REA Group: Upside Break?

May 04 2021 - Technicals
8
REA Group Instils Confidence, Valuation Not So

Feb 08 2021 - Australia
9
Australian Broker Call *Extra* Edition – Sep 16, 2020

Sep 16 2020 - Daily Market Reports
10
Tailwinds Strengthening For REA Group

Aug 10 2020 - Australia