WASHINGTON H. SOUL PATTINSON AND CO. LIMITED (SOL)
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SOL - WASHINGTON H. SOUL PATTINSON AND CO. LIMITED

FNArena Sector : Diversified Financials
Year End: July
GICS Industry Group : Energy
Debt/EBITDA: -24.6
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Washington H Soul Pattinson is an investment house with a diverse portfolio encompassing multiple industries, including pharmaceuticals, mining, building materials and telecommunications. The company first listed on the Sydney Stock Exchange in 1903. It still owns a controversial cross-shareholding with Brickworks (42.7%/44.23%).

LAST PRICE CHANGE +/- CHANGE % VOLUME

$33.13

18 Apr
2024

-0.200

OPEN

$33.34

-0.60%

HIGH

$33.55

337,802

LOW

$33.00

TARGET
$34.30 3.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
B4P . BFG . CCR . CNI . CPU . CVC . EP1 . EQT . EZL . FID . HMY . LFG . OBL . OFX . PGL . SVW .
FNARENA'S MARKET CONSENSUS FORECASTS
SOL: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 137.2 xxx
DPS (cps) xxx N/A 95.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 23.7 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx N/A 69.5% xxx

Dividend yield today if purchased 3 years ago: 2.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.68

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: 17/04 - ex-div 40c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx218.7
DPS All xxxxxxxxxxxxxxx87.0
Sales/Revenue xxxxxxxxxxxxxxx362.9 M
Book Value Per Share xxxxxxxxxxxxxxx2,417.3
Net Operating Cash Flow xxxxxxxxxxxxxxx773.5 M
Net Profit Margin xxxxxxxxxxxxxxx192.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx8.15 %
Return on Invested Capital xxxxxxxxxxxxxxx7.90 %
Return on Assets xxxxxxxxxxxxxxx7.01 %
Return on Equity xxxxxxxxxxxxxxx8.15 %
Return on Total Capital xxxxxxxxxxxxxxx-0.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx256.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx233 M
Long Term Debt xxxxxxxxxxxxxxx204 M
Total Debt xxxxxxxxxxxxxxx437 M
Goodwill - Gross xxxxxxxxxxxxxxx1,116 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,329 M
Price To Book Value xxxxxxxxxxxxxxx1.36

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx177.3 M
Capex % of Sales xxxxxxxxxxxxxxx48.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx255 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx168 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6,928 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

0.5

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

25/03/2024

3

Hold

$33.00

-0.39%

First half results for WH Soul Pattinson were in line with Ord Minnett's expectations. A 10% uplift in net asset value was largely due to market value growth in the firm's strategic portfolio, explains the analyst.

The strategic portfolio comprises large stakes in Brickworks ((BKW)), New Hope ((NHC)) and TPG Telecom ((TPG)), and an increased holding in Perpetual ((PPT)), explains the broker. Around half of the private equity portfolio is comprised of agricultural assets.

A fully franked interim dividend of 40cps was declared.

The broker's new target of $33, up from $32, reflects the time value of money.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 96.60 cents and EPS of 143.30 cents.
Ord Minnett forecasts a full year FY25 dividend of 107.20 cents and EPS of 149.70 cents.

SOL STOCK CHART