QUALITAS LIMITED (QAL)
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QAL - QUALITAS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 9.94
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.39

25 Jul
2024

-0.010

OPEN

$2.36

-0.42%

HIGH

$2.40

2,637,864

LOW

$2.35

TARGET
$3.095 29.5% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
QAL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 7.7 9.1 xxx
DPS (cps) xxx 7.5 9.3 xxx
EPS Growth xxx 86.9% 18.2% xxx
DPS Growth xxx 87.5% 23.3% xxx
PE Ratio xxx N/A 25.3 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 97.4% 101.6% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.26

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: 07/03 - ex-div 2.25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2020202120222023
EPS Basic xxxxxxxxx7.7
DPS All xxxxxxxxx7.5
Sales/Revenue xxxxxxxxx94.1 M
Book Value Per Share xxxxxxxxx123.7
Net Operating Cash Flow xxxxxxxxx-22.9 M
Net Profit Margin xxxxxxxxx23.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx6.29 %
Return on Invested Capital xxxxxxxxx3.30 %
Return on Assets xxxxxxxxx2.90 %
Return on Equity xxxxxxxxx6.29 %
Return on Total Capital xxxxxxxxx4.41 %
Free Cash Flow ex dividends xxxxxxxxx-41.0 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 xxxxxxxxx108 M
Long Term Debt xxxxxxxxx232 M
Total Debt xxxxxxxxx341 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx192 M
Price To Book Value xxxxxxxxx2.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx0.5 M
Capex % of Sales xxxxxxxxx0.50 %
Cost of Goods Sold xxxxxxxxx23 M
Selling, General & Admin. Exp & Other xxxxxxxxx39 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx356 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
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Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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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Morgans

23/02/2024

1

Add

$3.10

29.71%

After reviewing 1H results for Qualitas, Morgans notes the company continues to deliver organic earnings growth of around 25% per year. It's felt future organic growth is supported by sector tailwinds.

Earnings (EBITDA) beat the analyst's forecasts by 3.7%, largely due to a 17.5% beat for co-investment income, while net funds management income fell short of expectations on a lower than anticipated deployment number.

Funds under management (FUM) grew by 41% year-on-year in H1, with Fee Earning FUM increasing by 25%, which the broker suggests leaves around $2.1bn of dry powder to underpin future earnings growth.

The Add rating is unchanged, while the broker's target falls to $3.10 from $3.25.

FORECAST
Morgans forecasts a full year FY24 dividend of 8.00 cents and EPS of 9.10 cents.
Morgans forecasts a full year FY25 dividend of 8.50 cents and EPS of 11.80 cents.
EXTRA COVERAGE
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No. Of Recommendations

0

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
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QAL STOCK CHART

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