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Australian Broker Call *Extra* Edition – Jun 03, 2020

Daily Market Reports | Jun 03 2020

This story features ALPHA HPA LIMITED, and other companies. For more info SHARE ANALYSIS: A4N

An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.

In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.

One key difference is the *Extra* Edition will not be updated daily, but merely "regularly" depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena's team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)

A4N   AAC   AMA (3)   APT   AVH   AVN   BET   BFC   BTH   CAJ   CLV   CVL   CYC   EGH   EGN   GPR   HSN   IEL   IFM   JAN (2)   JLG   MNY   NWH   SLC   SSM   TFL   TPM   VTG   WHC  

A4N    ALPHA HPA LIMITED

Aluminium, Bauxite & Alumina – Overnight Price: $0.15

Bell Potter rates ((A4N)) as Initiation of coverage with Buy (1) –

Alpha HPA’s first project involves supplying high purity alumina (HPA with more than 99.99% purity) to the lithium-ion battery and light-emitting diode (LED) manufacturing sectors.

With materially lower costs, Bell Potter expects the project’s proprietary technology will disrupt existing production.

The broker expects this project to generate significant cash flows and initiates coverage on Alpha HPA with a Speculative Buy recommendation. The target price is $0.36.

The broker provides no forecasts for FY20.

This report was published on May 21, 2020.

Target price is $0.36 Current Price is $0.15 Difference: $0.21
If A4N meets the Bell Potter target it will return approximately 140% (excluding dividends, fees and charges).

Forecast for FY20:

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 75.00.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AAC    AUSTRALIAN AGRICULTURAL COMPANY LIMITED

Agriculture – Overnight Price: $1.07

Bell Potter rates ((AAC)) as Buy (1) –

Australian Agriculture Company's FY20 operating income at $15.2m is substantially higher than Bell Potter’s estimated $5.4m and a definite improvement over FY19’s loss of -$22.9m.

Bell Potter notes a genuine turnaround in profitability but acknowledges this might not be visible in the near term with issues like drought, floods and covid-19.

The broker assumes normalisation of seasonal conditions by the second half of FY21. Buy rating maintained by the broker with a target price of $1.40.

This report was published on May 20, 2020.

Target price is $1.40 Current Price is $1.07 Difference: $0.33
If AAC meets the Bell Potter target it will return approximately 31% (excluding dividends, fees and charges).
The company's fiscal year ends in March.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 3.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 30.57.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 0.00 cents and EPS of 0.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 267.50.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AMA    AMA GROUP LIMITED

Automobiles & Components – Overnight Price: $0.67

Bell Potter rates ((AMA)) as Buy (1) –

AMA Group announced softening of volumes in April, but highlighted a better than anticipated performance. The group notes no need for capital raising with net debt in a better position at April end.

Negotiations on new prices with major customers are in progress and will apply from July 1, 2020. The group also secured its first major fleet customer – SG Fleet ((SGF)) – which will bring in about 4,000 repairs annually.

Bell Potter finds these updates as expected and has not changed its forecasts, with FY20 operating income forecasted at $50m. The broker retains its Buy rating with target increased to $0.80 from $0.70.

This report was published on May 21, 2020.

Target price is $0.80 Current Price is $0.67 Difference: $0.13
If AMA meets the Bell Potter target it will return approximately 19% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 3.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.14.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 335.00.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Canaccord Genuity rates ((AMA)) as Initiation of coverage with Buy (1) –

With traffic volume increasing, AMA group expects a rebound in volumes. Price increase negotiations across its customer base are almost finished with new prices coming into play from July 1, 2020.? Canaccord Genuity expects the increase to be in the range of 5-10%.

The business also benefited from the JobKeeper wage subsidies with the broker estimating total benefit at around $10m per month. Rent waivers/deferrals have commenced from May with negotiations in process.

No changes to the broker’s FY20-21 operating income estimates at $45m and $74m. Buy rating retained by the broker with a target price of $0.90.

This report was published on May 21, 2020.

and is ready for a rebound due to traffic volume increase.

The business also benefited from the JobKeepr wage subsidies with Canaccord Genuity estimating the benefit at around $10m per month. Rent waivers/deferrals have commenced from May.

Price increase negotiations across the insurer’s customer base are almost finished with the new prices coming into play from July 1, 2020 and the broker expects the increase to be in the range of 5-10%.

No changes to the broker’s FY20-21 operating income estimates at $45m and $74m.

Buy rating retained by the broker with a target price of $0.90.

This report was published on May 21, 2020.

Target price is $0.90 Current Price is $0.67 Difference: $0.23
If AMA meets the Canaccord Genuity target it will return approximately 34% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Canaccord Genuity forecasts a full year FY20 dividend of 0.00 cents and EPS of 1.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 67.00.

Forecast for FY21:

Canaccord Genuity forecasts a full year FY21 dividend of 0.00 cents and EPS of 3.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.33.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Goldman Sachs rates ((AMA)) as Neutral (3) –

Even with volumes softening in April, the business performed better than expected. Goldman Sachs predicts the worst is not over with volumes for May and June still expected to be impacted.

Unsurprisingly, cost cutting is the group’s focus with steps taken in that direction including downsizing of the workforce, reduction in executive and Board remuneration. Rent waiver discussions are ongoing.

The group’s insurer contract negotiations are in the final stages with improved pricing to take effect from July 1, 2020. Also, a new fleet contract has been announced with SG fleet ((SGF)) and will cover circa 4000 repairs annually.

The broker rates the stock neutral with a target price of $0.43.

This report was published on May 21, 2020.

Target price is $0.43 Current Price is $0.67 Difference: minus $0.24 (current price is over target).
If AMA meets the Goldman Sachs target it will return approximately minus 36% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in June.

Forecast for FY20:

Goldman Sachs forecasts a full year FY20 dividend of 0.00 cents and EPS of 1.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 67.00.

Forecast for FY21:

Goldman Sachs forecasts a full year FY21 dividend of 0.00 cents and EPS of 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 33.50.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

APT    AFTERPAY LIMITED

Business & Consumer Credit – Overnight Price: $49.52

Bell Potter rates ((APT)) as Buy (1) –

Growth has accelerated in the US with Afterpay announcing 5m active customers in the country while at least 9m have the app or have made purchases in the last two years.

Bell Potter is pleased with the figures and notes daily new users growing by 30-40% in the last 10 weeks.

Earnings forecasts upgraded by the broker for FY20-22 by 1.2%, 9% and 8.4% with the key growth driver being the US.

The broker reiterates its Buy rating with target price increased to $51.50 from $45.95.

This report was published on May 21, 2020.

Target price is $51.50 Current Price is $49.52 Difference: $1.98
If APT meets the Bell Potter target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $32.18, suggesting downside of -35.0%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 4.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 1207.80.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -19.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 0.00 cents and EPS of 13.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 378.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -8.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AVH    AVITA MEDICAL LTD

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $0.47

Bell Potter rates ((AVH)) as Speculative Buy (1) –

Avita Medical wants to re-domicile the company to the US and make Nasdaq its primary listing from the ASX currently. Bell Potter deems this to be logical since the company has had all of its manufacturing, sales and operations in the US for some time now.

The broker assures ownership of all shareholders to remain intact after re-domiciliation and Nasdaq listing. The broker maintains its Speculative Buy rating with a target price of $0.81.

This report was published on May 19, 2020.

Target price is $0.81 Current Price is $0.47 Difference: $0.34
If AVH meets the Bell Potter target it will return approximately 72% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 1.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 31.33.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 1.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 33.57.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AVN    AVENTUS GROUP

REITs – Overnight Price: $1.93

Goldman Sachs rates ((AVN)) as Upgrade to Buy from Neutral (1) –

Goldman Sachs finds Aventus Group well positioned for a re-opening of the economy with its large format retail (LFR) portfolio tilting towards items of daily use.

The broker also notes lower rents and relatively higher resistance of the customer base to online sales. Noting the -37% fall in share price, the broker feels the share is undervalued.

Rating upgraded to Buy from Neutral by the broker with a target price of $2.46.

This report was published on May 21, 2020.

Target price is $2.46 Current Price is $1.93 Difference: $0.53
If AVN meets the Goldman Sachs target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $2.21, suggesting upside of 14.3%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY20:

Goldman Sachs forecasts a full year FY20 dividend of 14.00 cents and EPS of 18.00 cents.
At the last closing share price the estimated dividend yield is 7.25%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.72.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 16.7, implying annual growth of -27.1%.
Current consensus DPS estimate is 12.0, implying a prospective dividend yield of 6.2%.
Current consensus EPS estimate suggests the PER is 11.6.

Forecast for FY21:

Goldman Sachs forecasts a full year FY21 dividend of 17.00 cents and EPS of 19.00 cents.
At the last closing share price the estimated dividend yield is 8.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.7, implying annual growth of 6.0%.
Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 7.9%.
Current consensus EPS estimate suggests the PER is 10.9.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

BET    BETMAKERS TECHNOLOGY GROUP LTD

Gaming – Overnight Price: $0.34

Canaccord Genuity rates ((BET)) as Initiation of coverage with Buy (1) –

Betmakers Technology Group is a technology service provider in the race wagering industry working with racing bodies and bookmakers.

Canaccord Genuity expects near term earnings to be led by agreements helping bookmakers to transition to online and the tie-up with The Waterhouse Group to drive customer acquisitions for Australian bookmakers.

Medium-term opportunity involves assisting fixed-odds racing development in New Jersey. The company expects a positive FY20 operating income which the broker agrees with.

The broker initiates coverage with a Buy recommendation and a target price of $0.40.

This report was published on May 18, 2020.

Target price is $0.40 Current Price is $0.34 Difference: $0.06
If BET meets the Canaccord Genuity target it will return approximately 18% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Canaccord Genuity forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 0.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 85.00.

Forecast for FY21:

Canaccord Genuity forecasts a full year FY21 dividend of 0.00 cents and EPS of 0.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 56.67.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

BFC    BESTON GLOBAL FOOD COMPANY LIMITED

Dairy – Overnight Price: $0.05

PhillipCapital rates ((BFC)) as Hold (3) –

Beston Global Food Co is changing to a company focussed on dairy and precooked meat products from a food-related investment company, reports Phillip Capital, with assets including cheese factories and dairy farms.

The first half of the group saw an upturn of 17% in revenues despite drought-related issues while operating losses decreased to -$5.7m from -$6.6m in the prior period.

The company is trying to reduce debt by working out a sale and leaseback deal involving its dairy farms, expected to release $30-35m.

Phillip Capital retains its Hold rating with a target price of $0.058.

This report was published on May 15, 2020.

Target price is $0.06 Current Price is $0.05 Difference: $0.008
If BFC meets the PhillipCapital target it will return approximately 16% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

PhillipCapital forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 1.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.78.

Forecast for FY21:

PhillipCapital forecasts a full year FY21 dividend of 0.00 cents and EPS of 0.00 cents.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

BTH    BIGTINCAN HOLDINGS LIMITED

Cloud services – Overnight Price: $0.77

PhillipCapital rates ((BTH)) as Buy (1) –

Bigtincan Holdings raised $40m with cash reserves increasing to circa $70m. Phillip Capital notes the capital will help in growth, working capital needs and M&A opportunities.

FY20 revenue growth forecasted at 75% while earnings forecasts for FY20-21 decreased by -1% and -20%. Buy recommendation reiterated with a target price of $0.95.

This report was published on May 22, 2020.

Target price is $0.95 Current Price is $0.77 Difference: $0.18
If BTH meets the PhillipCapital target it will return approximately 23% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

PhillipCapital forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 1.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 48.13.

Forecast for FY21:

PhillipCapital forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 96.25.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CAJ    CAPITOL HEALTH LIMITED

Healthcare services – Overnight Price: $0.22

Shaw and Partners rates ((CAJ)) as Buy (1) –

Shaw and Partners expects a V-shaped demand recovery for Capitol Health with business as usual (BAU) volumes recovering. The broker suspects Capitol Health may close or streamline clinics/procedures and shift to salaries from contracting resources, which is more expensive. 

The company raised $39.8m and is in a stronger position with the lowest gearing levels among peers, finds the broker. Earnings forecasts reduced for FY20-22 by -9%, -25% and -18%.

Buy rating reaffirmed by Shaw and Partners with a target price of $0.27.

This report was published on May 22, 2020.

Target price is $0.27 Current Price is $0.22 Difference: $0.05
If CAJ meets the Shaw and Partners target it will return approximately 23% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Shaw and Partners forecasts a full year FY20 dividend of 0.00 cents and EPS of 0.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.44.

Forecast for FY21:

Shaw and Partners forecasts a full year FY21 dividend of 0.80 cents and EPS of 1.10 cents.
At the last closing share price the estimated dividend yield is 3.64%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.00.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CLV    CLOVER CORPORATION

Health & Nutrition – Overnight Price: $2.30

PhillipCapital rates ((CLV)) as Hold (3) –

Clover Corp is forecasting higher demand for the fourth quarter driven by consumers buying additional infant formula products, especially in China. AUD depreciation is another positive for the company, with most of its sales in US dollar, notes Phillip Capital.

UK/Europe saw new customers with the new minimum DHA regulations coming into effect. Revenue and earnings forecasts have been upgraded by 16% and 21% for FY20 and 9% and 10% for FY21.

The broker holds onto its Hold rating with target price increased to $1.81 from $1.64.

This report was published on May 26, 2020.

Target price is $1.81 Current Price is $2.30 Difference: minus $0.49 (current price is over target).
If CLV meets the PhillipCapital target it will return approximately minus 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in July.

Forecast for FY20:

PhillipCapital forecasts a full year FY20 dividend of 2.80 cents and EPS of 6.90 cents.
At the last closing share price the estimated dividend yield is 1.22%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 33.33.

Forecast for FY21:

PhillipCapital forecasts a full year FY21 dividend of 2.90 cents and EPS of 7.20 cents.
At the last closing share price the estimated dividend yield is 1.26%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.94.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CVL    CIVMEC LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $0.38

Euroz rates ((CVL)) as Speculative Buy (1) –

Civmec’s third-quarter results show an almost flat net profit but broker Euroz is confident about the company achieving the forecasted FY20 net profit of $16.5m.

Construction of the first offshore patrol vessel has started at the Henderson Facility with eight more in line, reports Euroz. Also, the company won a number of new contracts during the quarter and has a strong order book of $767m.

Euroz retains its Speculative Buy rating, expecting a reasonable return on investment. The target is $0.51.

This report was published on May 8, 2020.

Target price is $0.51 Current Price is $0.38 Difference: $0.13
If CVL meets the Euroz target it will return approximately 34% (excluding dividends, fees and charges).

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

CYC    CYCLOPHARM LIMITED

Medical Equipment & Devices – Overnight Price: $1.49

Bell Potter rates ((CYC)) as Buy (1) –

Cyclopharm has taken steps towards getting regulatory approval from the US, filing for a 505(b)2 registration for Technegas.

Technegas is helpful for diagnosing covid-19 patients with acute respiratory distress syndrome and aids in understanding how much a patient’s respiratory has been impacted.

The company raised $9.7m in December 2019 with the funds used to establish US operations later this year. Revenue estimates have been reduced for FY20-21 due to delay in launching the US operations.

Bell Potter leaves the rating unchanged at Buy along with an unchanged target of $1.77.

This report was published on May 18, 2020.

Target price is $1.77 Current Price is $1.49 Difference: $0.28
If CYC meets the Bell Potter target it will return approximately 19% (excluding dividends, fees and charges).
The company's fiscal year ends in December.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 1.00 cents and EPS of minus 0.40 cents.
At the last closing share price the estimated dividend yield is 0.67%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 372.50.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 1.20 cents and EPS of 2.40 cents.
At the last closing share price the estimated dividend yield is 0.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 62.08.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

EGH    EUREKA GROUP HOLDINGS LIMITED

Aged Care & Seniors – Overnight Price: $0.32

Taylor Collison rates ((EGH)) as Upgrade to Outperform (2) –

Taylor Collison notes Eureka Group has improved a lot in terms of operating costs, marketing strategies and management since December. These changes will be fully reflected in FY21, having been overshadowed in FY20 due to covid-19 related expenses, expects the broker.

The group’s FY20 operating income guidance of $8.0-$8.2m is intact. 90% of the group’s rental income is backed by government funding. Taylor Collison upgrades its rating to Outperform.

This report was published on May 8, 2020.

Current Price is $0.32. Target price not assessed.
The company's fiscal year ends in June.

Forecast for FY20:

Taylor Collison forecasts a full year FY20 dividend of 0.00 cents and EPS of 2.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.80.

Forecast for FY21:

Taylor Collison forecasts a full year FY21 dividend of 0.00 cents and EPS of 2.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.43.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

EGN    ENGENCO LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $0.45

PhillipCapital rates ((EGN)) as Upgrade to Accumulate from Hold (2) –

Engenco declared its first interim dividend in 10 years with a mixed first half result. While revenue was marginally up at $89m, operating income at $4.2m showed a -40% decline.

Phillip Capital expects growth in the second half due to the new Gemco Rail Gladstone workshop. Earnings estimates downgraded by -31% and -21% for FY20-21.

The broker upgrades to Accumulate from Hold with target price decreased to $0.47 from $0.51.

This report was published on May 22, 2020.

Target price is $0.47 Current Price is $0.45 Difference: $0.02
If EGN meets the PhillipCapital target it will return approximately 4% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

PhillipCapital forecasts a full year FY20 dividend of 1.50 cents and EPS of 2.30 cents.
At the last closing share price the estimated dividend yield is 3.33%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.57.

Forecast for FY21:

PhillipCapital forecasts a full year FY21 dividend of 2.00 cents and EPS of 3.20 cents.
At the last closing share price the estimated dividend yield is 4.44%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.06.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

GPR    GEOPACIFIC RESOURCES LTD

Gold & Silver – Overnight Price: $0.51

Shaw and Partners rates ((GPR)) as Initiation of coverage with Buy (1) –

Geopacific Resources has commenced construction of its Woodlark Gold project in Papua New Guinea. Shaw and Partners expects the project to be delivered by 2021.

US$ gold price is expected to peak at around US$2,000/oz in late 2022 according to the broker.

Shaw and Partners initiates coverage on Geopacific Resources with a Buy recommendation and a target price of $1.37.

This report was published on May 19, 2020.

Target price is $1.37 Current Price is $0.51 Difference: $0.86
If GPR meets the Shaw and Partners target it will return approximately 169% (excluding dividends, fees and charges).
The company's fiscal year ends in December.

Forecast for FY20:

Shaw and Partners forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 2.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 20.40.

Forecast for FY21:

Shaw and Partners forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 2.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.62.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

HSN    HANSEN TECHNOLOGIES LIMITED

IT & Support – Overnight Price: $3.10

E.L. & C Baillieu rates ((HSN)) as Buy (1) –

Hansen Technologies reissued earnings guidance for FY20 and expects it to be within $298-300m with operating income expected between $75-78m.

Baillieu believes the business is doing well which reflects the essential nature of its core services. The company does not anticipate any meaningful downturn and has also rationalised costs.

Earnings forecasts increased by 5-8% over the next three years. The broker reiterates its Buy rating with a target price of $4.20.

This report was published on May 19, 2020.

Target price is $4.20 Current Price is $3.10 Difference: $1.1
If HSN meets the E.L. & C Baillieu target it will return approximately 35% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

E.L. & C Baillieu forecasts a full year FY20 dividend of 6.00 cents and EPS of 19.60 cents.
At the last closing share price the estimated dividend yield is 1.94%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.82.

Forecast for FY21:

E.L. & C Baillieu forecasts a full year FY21 dividend of 6.40 cents and EPS of 21.10 cents.
At the last closing share price the estimated dividend yield is 2.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.69.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

IEL    IDP EDUCATION LIMITED

Education & Tuition – Overnight Price: $17.21

Goldman Sachs rates ((IEL)) as Buy (1) –

Goldman Sachs expects headwinds for IDP Education in the near term due to social distancing and a ban on international travel. Volumes will continue to be under pressure for both student placement (SP) and IELTS businesses till the first quarter of FY21, predicts the broker.

The outlook will start improving in the second half of FY21 with volumes only deferred for now, believes Goldman Sachs. Earnings estimates lowered for FY20-22 with rating retained at Buy. The target price is $19.

This report was published on May 19, 2020.

Target price is $19.00 Current Price is $17.21 Difference: $1.79
If IEL meets the Goldman Sachs target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $15.71, suggesting downside of -8.7%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY20:

Goldman Sachs forecasts a full year FY20 dividend of 28.00 cents and EPS of 21.00 cents.
At the last closing share price the estimated dividend yield is 1.63%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 81.95.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.4, implying annual growth of -33.7%.
Current consensus DPS estimate is 18.5, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 98.9.

Forecast for FY21:

Goldman Sachs forecasts a full year FY21 dividend of 14.00 cents and EPS of 20.00 cents.
At the last closing share price the estimated dividend yield is 0.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 86.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 21.0, implying annual growth of 20.7%.
Current consensus DPS estimate is 15.5, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 82.0.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

IFM    INFOMEDIA LTD

Automobiles & Components – Overnight Price: $1.63

Bell Potter rates ((IFM)) as Upgrade to Buy from Hold (1) –

Bell Potter’s FY20 forecasts remain unchanged and remain consistent with Infomedia's FY20 revenue and net profit guidance of $93-95m and $18-19m.

Bell Potter is positive about the company due to easing restrictions and with acquisition activity on the horizon. There is also limited downside risk to FY20 guidance with the recent underperformance of such mid-cap stocks implying a bigger upside, expects the broker.

Rating upgraded to Buy from Hold with target price increased to $2 from $1.70.

This report was published on May 25, 2020.

Target price is $2.00 Current Price is $1.63 Difference: $0.37
If IFM meets the Bell Potter target it will return approximately 23% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 3.90 cents and EPS of 5.80 cents.
At the last closing share price the estimated dividend yield is 2.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.10.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 4.30 cents and EPS of 6.60 cents.
At the last closing share price the estimated dividend yield is 2.64%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.70.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

JAN    JANISON EDUCATION GROUP LIMITED

Education & Tuition – Overnight Price: $0.34

Bell Potter rates ((JAN)) as Buy (1) –

Janison Education announced the acquisition of the Education Assessments (EA) division of UNSW Global. This division’s flagship product is ICAS which creates assessment products for schools majorly in Australia.

Bell Potter notes the deal combines Janison Education’s assessment delivery technology and Education Assessments’s assessment content creation. The broker upgrades revenue forecasts by 31% for FY21 with operating income forecasts unchanged for FY20-21. 

Buy rating maintained with a target price of $0.40.

This report was published on May 20, 2020.

Target price is $0.40 Current Price is $0.34 Difference: $0.06
If JAN meets the Bell Potter target it will return approximately 18% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Bell Potter forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 0.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 113.33.

Forecast for FY21:

Bell Potter forecasts a full year FY21 dividend of 0.00 cents and EPS of 0.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 56.67.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


CCZ Equities rates ((JAN)) as Buy (1) –

Janison Education Group has agreed to acquire the Educational Assessments (EA) division of UNSW Global for a total cost of less than $1m. The company also recently raised $7m to to strengthen its balance sheet and support growth opportunities.

CCZ Equities' revenue forecast for FY20 by has been impacted by the covid-19 led cancellation of language & testing consultants (LTC) exams, with operating earnings forecast decreased to $2.3m from $4m. The broker expects the pandemic to impact some exams in FY21, adversely impacting the FY21 operating income.

The broker reaffirms Buy with the target price reduced to $0.39 from $0.51.

This report was published on May 21, 2020.

Target price is $0.39 Current Price is $0.34 Difference: $0.05
If JAN meets the CCZ Equities target it will return approximately 15% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

CCZ Equities forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 0.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 56.67.

Forecast for FY21:

CCZ Equities forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 42.50.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

JLG    JOHNS LYNG GROUP LIMITED

Building Products & Services – Overnight Price: $2.55

CCZ Equities rates ((JLG)) as Buy (1) –

Uplift seen in 2020 job registrations. CCZ Equities expects this to continue to improve in the second half and lead to a strong FY21. The broker also notes a revenue shift towards the higher-margin Insurance Building and Restoration Services business.

In a market ready for consolidation, the Johns Lyng Group is well-positioned for earnings growth over the longer term, believes the broker. Buy recommendation reaffirmed with a target price of $2.86.

This report was published on May 18, 2020.

Target price is $2.86 Current Price is $2.55 Difference: $0.31
If JLG meets the CCZ Equities target it will return approximately 12% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

CCZ Equities forecasts a full year FY20 dividend of 3.50 cents and EPS of 7.30 cents.
At the last closing share price the estimated dividend yield is 1.37%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 34.93.

Forecast for FY21:

CCZ Equities forecasts a full year FY21 dividend of 4.20 cents and EPS of 8.30 cents.
At the last closing share price the estimated dividend yield is 1.65%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.72.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

MNY    MONEY3 CORPORATION LIMITED

Business & Consumer Credit – Overnight Price: $1.85

Canaccord Genuity rates ((MNY)) as Buy (1) –

Money3 Corp has lost more than half of its February value and is facing tighter lending norms along with reduced demand. The company continues to de-lever and Canaccord Genuity notes solvency is not an issue.

The broker is concerned about decreasing earnings growth and an increase in provisioning, noting the impact of any pre-covid drivers have been pushed out by a year. Overall, the company is strong as compared to its peers.

The broker retains its Buy rating with target price decreased to $2.30 from $3.20.

This report was published on May 18, 2020.

Target price is $2.30 Current Price is $1.85 Difference: $0.45
If MNY meets the Canaccord Genuity target it will return approximately 24% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Canaccord Genuity forecasts a full year FY20 dividend of 7.00 cents and EPS of 12.00 cents.
At the last closing share price the estimated dividend yield is 3.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.42.

Forecast for FY21:

Canaccord Genuity forecasts a full year FY21 dividend of 8.00 cents and EPS of 15.00 cents.
At the last closing share price the estimated dividend yield is 4.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.33.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

NWH    NRW HOLDINGS LIMITED

Mining Sector Contracting – Overnight Price: $2.01

Wilsons rates ((NWH)) as Overweight (1) –

NRW Holdings is one of Wilsons’s top choices with the company having a strong customer profile and focusing on production rather than construction. The company has been able to navigate the market disruption well and has assured meeting the FY20 earnings guidance, notes the broker.

The company, with exposure to Iron ore projects in the Pilbara, will benefit from a mining cycle recovery. First-half dividends have been brought forward, a sign of strength according to the broker.  

No changes to forecasts by the broker with Overweight rating retained and a target price of $3.

This report was published on May 21, 2020.

Target price is $3.00 Current Price is $2.01 Difference: $0.99
If NWH meets the Wilsons target it will return approximately 49% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Wilsons forecasts a full year FY20 dividend of 2.50 cents and EPS of 17.90 cents.
At the last closing share price the estimated dividend yield is 1.24%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.23.

Forecast for FY21:

Wilsons forecasts a full year FY21 dividend of 6.40 cents and EPS of 16.00 cents.
At the last closing share price the estimated dividend yield is 3.18%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.56.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SLC    SUPERLOOP LIMITED

Telecommunication – Overnight Price: $1.10

Canaccord Genuity rates ((SLC)) as Buy (1) –

Superloop announced to be on track to achieve FY20 operating guidance range. Canaccord Genuity expects strong FY21 earnings and a robust balance sheet.

Traffic across global network, a lead indicator, has seen an increase of 30% in recent weeks. Canaccord Genuity believes this will be a growth driver in core fibre sales.

Operating earnings estimate by the broker for FY21 is at $24.5m. The broker maintains its Buy rating with a target price of $1.32.

This report was published on May 18, 2020.

Target price is $1.32 Current Price is $1.10 Difference: $0.22
If SLC meets the Canaccord Genuity target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $1.12, suggesting upside of 1.5%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY20:

Canaccord Genuity forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 10.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 10.09.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -10.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY21:

Canaccord Genuity forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 5.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 20.75.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -6.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SSM    SERVICE STREAM LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $2.04

Canaccord Genuity rates ((SSM)) as Buy (1) –

Service Stream downgraded guidance for FY20 operating income to circa $108m from $116m led by delays across the utilities and telecommunications divisions along with an increase in costs.

Canaccord Genuity believes the business is operationally sound, highlighting resilient margins despite decreasing revenues.

The second-half dividend forecast has been reduced to $0.05, while earnings forecasts have been lowered to $0.148 and $0.155 for FY20-21.

The broker reiterates Buy with its target price reduced to $2.60 from $3.12.

This report was published on May 22, 2020.

Target price is $2.60 Current Price is $2.04 Difference: $0.56
If SSM meets the Canaccord Genuity target it will return approximately 27% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Canaccord Genuity forecasts a full year FY20 dividend of 9.00 cents and EPS of 15.00 cents.
At the last closing share price the estimated dividend yield is 4.41%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.60.

Forecast for FY21:

Canaccord Genuity forecasts a full year FY21 dividend of 10.00 cents and EPS of 16.00 cents.
At the last closing share price the estimated dividend yield is 4.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.75.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

TFL    TASFOODS LIMITED

Agriculture – Overnight Price: $0.12

Taylor Collison rates ((TFL)) as Outperform (2) –

Taylor Collison expects slow payments within the hospitality/restaurant sector while noting Tasfoods to be looking out for new markets. The broker is positive about milk, grocery and supermarket segments.

Sales revenue for the first quarter was up 62% while operating income also increased. The broker retains its Outperform rating.

This report was published on May 18, 2020.

Current Price is $0.12. Target price not assessed.
The company's fiscal year ends in December.

Forecast for FY20:

Taylor Collison forecasts a full year FY20 dividend of 0.00 cents and EPS of minus 0.21 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 57.14.

Forecast for FY21:

Taylor Collison forecasts a full year FY21 dividend of 0.00 cents and EPS of 0.55 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.82.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

TPM    TPG TELECOM LIMITED

Telecommunication – Overnight Price: $8.09

Goldman Sachs rates ((TPM)) as Neutral (3) –

Goldman Sachs analysed TPG Telecom’s proposed merger with Vodafone Australia and highlights the telecom company will be distributing a special dividend to its shareholders estimated to be up to $0.67 (fully franked).

The agreement will have additional share sale restrictions on Vodafone for 36-months and any sale must be made to TPG Telecom before selling on-market. The group reaffirmed FY20 guidance while expecting to be impacted by increased bad debts and revenue decline from business closures.

The broker rates the stock neutral with a target price of $7.70.

This report was published on May 20, 2020.

Target price is $7.70 Current Price is $8.09 Difference: minus $0.39 (current price is over target).
If TPM meets the Goldman Sachs target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $8.17, suggesting upside of 1.0%(ex-dividends)
The company's fiscal year ends in July.

Forecast for FY20:

Goldman Sachs forecasts a full year FY20 dividend of 0.00 cents and EPS of 28.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.89.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 29.4, implying annual growth of 57.2%.
Current consensus DPS estimate is 4.8, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 27.5.

Forecast for FY21:

Goldman Sachs forecasts a full year FY21 dividend of 0.00 cents and EPS of 27.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.3, implying annual growth of -13.9%.
Current consensus DPS estimate is 7.2, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 32.0.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

VTG    VITA GROUP LIMITED

Telecommunication – Overnight Price: $1.10

Canaccord Genuity rates ((VTG)) as Buy (1) –

Vita Group’s divisions did relatively well with business centres of the information and communication technology (ICT) division open throughout the lockdown, while the skin-health and wellness (SHAW) division is reopening clinics now.

The group has decided to exit the SQDAthletica, a men’s leisurewear operation. Overall, Canaccord Genuity notes the business to be financially sound and highlights the JobKeeper assistance has helped a lot.

Earnings forecasts are reduced for FY20-21 to $0.13 and $0.14 and the broker does not expect a final dividend in FY20.

Buy rating maintained with price target down to $1.50 from $1.95.

This report was published on May 21, 2020.

Target price is $1.50 Current Price is $1.10 Difference: $0.4
If VTG meets the Canaccord Genuity target it will return approximately 36% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY20:

Canaccord Genuity forecasts a full year FY20 dividend of 0.00 cents and EPS of 13.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.46.

Forecast for FY21:

Canaccord Genuity forecasts a full year FY21 dividend of 9.00 cents and EPS of 13.60 cents.
At the last closing share price the estimated dividend yield is 8.18%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.09.

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

WHC    WHITEHAVEN COAL LIMITED

Coal – Overnight Price: $1.82

Wilsons rates ((WHC)) as Overweight (1) –

Whitehaven Coal’s final investment decision (FID) for the Vickery project has been deferred to early FY21, although the key question remains whether the project will see the light of the day at all due to multiple delays.

While Wilsons is hopeful of the project proceeding, the broker feels capital constraints will determine the funding of the project and the timeline. The broker predicts production to commence from the second half of FY23.

Wilsons reaffirms its Overweight recommendation with a target price of $4.75.

This report was published on May 21, 2020.

Target price is $4.75 Current Price is $1.82 Difference: $2.93
If WHC meets the Wilsons target it will return approximately 161% (excluding dividends, fees and charges).
Current consensus price target is $2.55, suggesting upside of 40.1%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY20:

Wilsons forecasts a full year FY20 dividend of 3.40 cents and EPS of 6.80 cents.
At the last closing share price the estimated dividend yield is 1.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.1, implying annual growth of -84.9%.
Current consensus DPS estimate is 4.0, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 22.5.

Forecast for FY21:

Wilsons forecasts a full year FY21 dividend of 3.70 cents and EPS of 15.10 cents.
At the last closing share price the estimated dividend yield is 2.03%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 14.9, implying annual growth of 84.0%.
Current consensus DPS estimate is 5.7, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 12.2.

Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

As part of emerging new trends overseas, The Australian Broker Call *Extra* Edition also includes providers of sponsored research. Readers should bear in mind, sponsored research, while not necessarily of lower quality, has the embedded complication that the company that is the subject of the research has paid for this research. Providers of sponsored research that can potentially be included in this Report are Breakaway Research, Edison Investment Research, Independent Investment Research, NDF Research, Pitt Street Research, and TMT Analytics.

Decisions about inclusions in this Report are made independently of the providers of stock market research and at full discretion of the team of journalists responsible for content at FNArena. Inclusion does not equal endorsement, in any way, shape or form. This Report is provided for informational purposes only.

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CHARTS

A4N AAC AMA APT AVH AVN BET BFC BTH CAJ CLV CVL CYC EGH EGN GPR HSN IEL IFM JAN JLG MNY NWH SGF SLC SSM TFL VTG WHC

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For more info SHARE ANALYSIS: CYC - CYCLOPHARM LIMITED

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For more info SHARE ANALYSIS: HSN - HANSEN TECHNOLOGIES LIMITED

For more info SHARE ANALYSIS: IEL - IDP EDUCATION LIMITED

For more info SHARE ANALYSIS: IFM - INFOMEDIA LIMITED

For more info SHARE ANALYSIS: JAN - JANISON EDUCATION GROUP LIMITED

For more info SHARE ANALYSIS: JLG - JOHNS LYNG GROUP LIMITED

For more info SHARE ANALYSIS: MNY - MONEY3 CORPORATION LIMITED

For more info SHARE ANALYSIS: NWH - NRW HOLDINGS LIMITED

For more info SHARE ANALYSIS: SGF - SG FLEET GROUP LIMITED

For more info SHARE ANALYSIS: SLC - SUPERLOOP LIMITED

For more info SHARE ANALYSIS: SSM - SERVICE STREAM LIMITED

For more info SHARE ANALYSIS: TFL - TASFOODS LIMITED

For more info SHARE ANALYSIS: VTG - VITA GROUP LIMITED

For more info SHARE ANALYSIS: WHC - WHITEHAVEN COAL LIMITED