HMC CAPITAL LIMITED (HMC)
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HMC - HMC CAPITAL LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 9.1
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.73

20 Nov
2024

0.050

OPEN

$11.70

0.43%

HIGH

$11.83

735,489

LOW

$11.64

TARGET
$8.152 -30.5% downside
Franking for last dividend paid out: 70%
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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 18.9 34.2 xxx
DPS (cps) xxx 12.0 12.0 xxx
EPS Growth xxx - 3.0% 81.1% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 34.8 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 63.6% 35.1% xxx

Dividend yield today if purchased 3 years ago: 1.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.01

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: 27/08 - ex-div 6c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20202021202220232024
EPS Basic xxxxxxxxxxxx18.9
DPS All xxxxxxxxxxxx12.0
Sales/Revenue xxxxxxxxxxxx81.4 M
Book Value Per Share xxxxxxxxxxxx328.0
Net Operating Cash Flow xxxxxxxxxxxx69.6 M
Net Profit Margin xxxxxxxxxxxx81.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20202021202220232024
Return on Capital Employed xxxxxxxxxxxx5.85 %
Return on Invested Capital xxxxxxxxxxxx5.84 %
Return on Assets xxxxxxxxxxxx4.21 %
Return on Equity xxxxxxxxxxxx5.85 %
Return on Total Capital xxxxxxxxxxxx1.34 %
Free Cash Flow ex dividends xxxxxxxxxxxx27.8 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 20202021202220232024
Short-Term Debt xxxxxxxxxxxx200 M
Long Term Debt xxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxx202 M
Goodwill - Gross xxxxxxxxxxxx49 M
Cash & Equivalents - Generic xxxxxxxxxxxx255 M
Price To Book Value xxxxxxxxxxxx2.20

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20202021202220232024
Capex xxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx733 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

0.0

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

23/08/2024

3

Hold

$8.15

-30.52%

FY24 results from HMC Capital were below Bell Potter's estimates, largely because of tax, and the business is still expected to continue with a strong growth trajectory in FY25. Distribution guidance for FY25 is $0.12, in line with expectations.

Real estate remains the biggest component of funds under management. The broker expects growth across a broader base of divisions and capital sources going forward which will help these "speed bumps", ie tax this year, in time.

Hold retained. Target is raised to $8.15 from $7.40.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 12.00 cents and EPS of 37.10 cents.
Bell Potter forecasts a full year FY26 dividend of 12.00 cents and EPS of 41.20 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Jarden

26/08/2024

3

Neutral

$7.90

-32.65%

HMC Capital continues to experience strong growth in assets under management with a high conviction to megatrends.

Jarden notes assets under management expanded to $10.6bn from $1.2bn in FY24 with a medium term $20bn target.

Management believes a $50bn target in five years is achievable.

EPS growth, once the broker accounts for trading profits and unrealised gains, equals a less flashy 9%. Jarden will mark to market the REITs earmings models.

Overweight. Target $7.90.

FORECAST
Jarden forecasts a full year FY25 EPS of 23.90 cents.
Jarden forecasts a full year FY26 EPS of 29.60 cents.
Access Extra Coverage Research History >

HMC STOCK CHART

FNArena News on HMC

1
Next Week At A Glance -18-22 Nov 2024

Nov 15 2024 - Weekly Reports
2
HMC Capital: More Upside Through Private Credit

Oct 09 2024 - Small Caps
3
Australian Broker Call *Extra* Edition – Oct 08, 2024

Oct 08 2024 - Daily Market Reports
4
Next Week At A Glance – 7-11 Oct 2024

Oct 04 2024 - Weekly Reports
5
Next Week At A Glance – 16-20 Sep 2024

Sep 13 2024 - Weekly Reports

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