Daily Market Reports | Oct 07 2022
This story features LIFE360 INC, and other companies. For more info SHARE ANALYSIS: 360
An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.
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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)
360 A4N AMP APM BST CAR CGF CPU EVN FBU FZO HDN HUB IAG IFL IGO IKE IMD JHG JIN MFG MPL NHF NST NTO NWL OZL PAR PDL PPT PTM QAL QBE RFF RHC SFR SM1 SUN TLC TLS TPG
360 LIFE360 INC
Software & Services – Overnight Price: $5.20
Goldman Sachs rates ((360)) as Initiation of coverage with Buy (1) –
Goldman Sachs initiates coverage on Life360, estimating the company has exposure to a global total addressable market of US$12bn. The broker believes Life360 has opportunity to expand its product offerings, increase average revenue per paying circle and increase payer conversion.
Heading into its typically strongest quarter, the company is also preparing for the launch of Tile which the broker expects can improve subscriber penetration, pricing and retention through an integrated Life360 and Tile membership.
The broker initiates with a Buy rating and a target price of $7.50.
This report was published on October 4, 2022.
Target price is $7.50 Current Price is $5.20 Difference: $2.3
If 360 meets the Goldman Sachs target it will return approximately 44% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 26.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.48.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 14.05 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 37.00.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
A4N ALPHA HPA LIMITED
Aluminium, Bauxite & Alumina – Overnight Price: $0.45
Bell Potter rates ((A4N)) as Buy (1) –
Alpha HPA is aiming to supply high-purity alumina (HPA) at a purity of greater than 99.99% to the lithium ion battery and light emitting diode (LED) manufacturing sectors.
To that end, the company has announced mechanical completion and commencement of commissioning at its HPA First Project Stage 1 precursor production facility (PPF).
As a result, management expects delivery of first reagents mid-this month for the ramp-up of aluminium precursor production and sales later in the December quarter.
The broker lists a number of value catalysts to be announced over the next two quarters, including initial sales and cash flow from the Stage 1 PPF.
The target rises to $0.95 from $0.90 and the Buy rating is unchanged.
This report was published on October 5, 2022.
Target price is $0.95 Current Price is $0.45 Difference: $0.5
If A4N meets the Bell Potter target it will return approximately 111% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY22:
Bell Potter forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 1.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 40.91.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of 6.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.38.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
AMP AMP LIMITED
Wealth Management & Investments – Overnight Price: $1.17
Jarden rates ((AMP)) as Neutral (3) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Revisions were fairly minor for AMP, which Jarden expects to be insulated from higher cash returns. The broker does see ongoing return challenges across the company's bank and advice segments.
The Neutral rating is retained and the target price decreases to $1.15 from $1.20.
This report was published on October 4, 2022.
Target price is $1.15 Current Price is $1.17 Difference: minus $0.02 (current price is over target).
If AMP meets the Jarden target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.05, suggesting downside of -8.7%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
Jarden forecasts a full year FY22 dividend of 0.00 cents and EPS of 7.61 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.37.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 8.4, implying annual growth of N/A.
Current consensus DPS estimate is 0.5, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 13.7.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 9.88 cents and EPS of 7.81 cents.
At the last closing share price the estimated dividend yield is 8.44%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.98.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 6.6, implying annual growth of -21.4%.
Current consensus DPS estimate is 1.8, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 17.4.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
APM APM HUMAN SERVICES INTERNATIONAL LIMITED
Healthcare – Overnight Price: $3.36
Goldman Sachs rates ((APM)) as Buy (1) –
APM Human Services International has entered into a binding agreement to purchase Equus Workforce Solutions for $153m. As noted by Goldman Sachs, with Equus reporting earnings of $32m in FY22 the purchase price equates to 4.8x earnings and 20.5x net profit.
Equus generates 75% of revenues from its employment services operations, and utilising Federal funding schemes for key long-life programs has delivered an 11% compound annual growth rate between 2020 and FY22.
The broker expects the acquisition to improve APM's North American revenue contribution from 16% to 37%. The Buy rating and target price of $4.20 are retained.
This report was published on September 29, 2022.
Target price is $4.20 Current Price is $3.36 Difference: $0.84
If APM meets the Goldman Sachs target it will return approximately 25% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 10.00 cents and EPS of 21.00 cents.
At the last closing share price the estimated dividend yield is 2.98%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.00.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 13.00 cents and EPS of 26.00 cents.
At the last closing share price the estimated dividend yield is 3.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.92.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BST BEST & LESS GROUP HOLDINGS LIMITED
Apparel & Footwear – Overnight Price: $2.41
Bell Potter rates ((BST)) as Buy (1) –
Bell Potter finds Best & Less' value offering of baby, children and womenswear and 86% private label to uniquely position the label between specialty apparel retailers and discount department stores.
The retailer is targeting 40 new stores in the medium term, which the brokers estimates could add $100-130m in revenue and $10-13m in earnings. With Victoria in particular under-represented, Bell Potter sees potential for 15-20 new stores in the state.
Given strong gross profit margins the broker finds valuation undemanding. The Buy rating is retained with a target price of $2.90.
This report was published on October 4, 2022.
Target price is $2.90 Current Price is $2.41 Difference: $0.49
If BST meets the Bell Potter target it will return approximately 20% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 23.50 cents and EPS of 33.20 cents.
At the last closing share price the estimated dividend yield is 9.75%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.26.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 24.60 cents and EPS of 35.10 cents.
At the last closing share price the estimated dividend yield is 10.21%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.87.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CAR CARSALES.COM LIMITED
Automobiles & Components – Overnight Price: $19.68
Jarden rates ((CAR)) as Underweight (4) –
With Carsales' US peer Carmax suffering a -25% share price decline in a single night, Jarden sees potential for a similar scenario to play out in Australia.
The broker expects the used car industry will struggle to maintain its car sales demand strength as disposable income and consumer confidence decline. With Carsales' share price up 11% over the last three months, Jarden believes investors are not factoring in a softer cycle ahead.
The Underweight rating and target price of $22.50 are retained.
This report was published on October 4, 2022.
Target price is $22.50 Current Price is $19.68 Difference: $2.82
If CAR meets the Jarden target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $23.83, suggesting upside of 22.5%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 61.30 cents and EPS of 76.50 cents.
At the last closing share price the estimated dividend yield is 3.11%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 75.8, implying annual growth of 33.1%.
Current consensus DPS estimate is 56.7, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 25.7.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 60.80 cents and EPS of 75.90 cents.
At the last closing share price the estimated dividend yield is 3.09%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.93.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 85.9, implying annual growth of 13.3%.
Current consensus DPS estimate is 65.0, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 22.6.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CGF CHALLENGER LIMITED
Wealth Management & Investments – Overnight Price: $6.20
Jarden rates ((CGF)) as Overweight (2) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Challenger remains Jarden's pick among its covered wealth managers, anticipating rising interest rates will support increased annuity demand and wider profit margins and returns on equity.
The Overweight rating is retained and the target price decreases to $6.75 from $7.15.
This report was published on October 4, 2022.
Target price is $6.75 Current Price is $6.20 Difference: $0.55
If CGF meets the Jarden target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $6.71, suggesting upside of 8.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 16.20 cents and EPS of 25.10 cents.
At the last closing share price the estimated dividend yield is 2.61%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 44.0, implying annual growth of 17.2%.
Current consensus DPS estimate is 24.8, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 14.1.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 18.80 cents and EPS of 28.80 cents.
At the last closing share price the estimated dividend yield is 3.03%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.53.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 49.1, implying annual growth of 11.6%.
Current consensus DPS estimate is 27.6, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 12.6.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CPU COMPUTERSHARE LIMITED
Diversified Financials – Overnight Price: $25.72
Jarden rates ((CPU)) as Overweight (2) –
Jarden's margin income outlook for Computershare now sits $95m above consensus as the company benefits from ongoing rate rises, with the broker seeing further potential upside. Jarden lifted its earnings per share forecasts 1.5% and 4.3% for FY23 and FY24 respectively.
With 80% of Computershare's earnings outlook now dependent on margin income Jarden does see risk, but expects stronger free cash flow to improve gearing and balance sheet optionality.
The Overweight is retained and the target price increases to $29.45 from $27.65.
This report was published on October 4, 2022.
Target price is $29.45 Current Price is $25.72 Difference: $3.73
If CPU meets the Jarden target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $29.20, suggesting upside of 13.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 88.95 cents and EPS of 126.19 cents.
At the last closing share price the estimated dividend yield is 3.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 141.8, implying annual growth of N/A.
Current consensus DPS estimate is 107.1, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 18.1.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 117.20 cents and EPS of 162.87 cents.
At the last closing share price the estimated dividend yield is 4.56%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.79.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 167.5, implying annual growth of 18.1%.
Current consensus DPS estimate is 112.5, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 15.3.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EVN EVOLUTION MINING LIMITED
Gold & Silver – Overnight Price: $2.11
JP Morgan rates ((EVN)) as Neutral (3) –
JP Morgan generally downgrades earnings forecasts for the Australian Mining sector after a mark-to-market exercise for September quarter prices.
For the Gold sector, the broker explains increasing nominal interest rate expectations and a strong US dollar continue to weigh.
Northern Star Resources is JP Morgan's preferred pick in the space with an Overweight rating.
For Neutral-rated Evolution Mining, the analyst expects cost growth will be revised higher on lower copper pricing. While the cash balance will be tested in FY23 (peak capex), an undrawn $360m loan is expected to stave off a capital raise.
The target price falls to $2.20 from $2.90.
This report was published on October 4, 2022.
Target price is $2.20 Current Price is $2.11 Difference: $0.09
If EVN meets the JP Morgan target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $2.70, suggesting upside of 28.0%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 3.00 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 1.42%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.0, implying annual growth of -15.4%.
Current consensus DPS estimate is 2.4, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 14.1.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 9.00 cents and EPS of 28.00 cents.
At the last closing share price the estimated dividend yield is 4.27%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.7, implying annual growth of 11.3%.
Current consensus DPS estimate is 6.7, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 12.6.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
FBU FLETCHER BUILDING LIMITED
Building Products & Services – Overnight Price: $4.48
Jarden rates ((FBU)) as Buy (1) –
After allowing for a faster-than-forecast decline in New Zealand house prices, Jarden brings forward its estimate for a slowdown in building activity by nine months, beginning in the 2H of FY23.
As a result of these forecasts changes, the broker lowers its FY23-25 earnings (EBIT) estimates for Fletcher Building and its target price falls to NZ$6.30 from NZ$6.43.
The analyst believes the bounce back in building activity will be faster than for the GFC, which was brought on by a banking crisis. The Buy rating is unchanged.
This report was published on October 5, 2022.
Current Price is $4.48. Target price not assessed.
Current consensus price target is $7.00, suggesting upside of 55.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 39.65 cents and EPS of 61.41 cents.
At the last closing share price the estimated dividend yield is 8.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 56.4, implying annual growth of N/A.
Current consensus DPS estimate is 37.7, implying a prospective dividend yield of 8.4%.
Current consensus EPS estimate suggests the PER is 8.0.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 31.35 cents and EPS of 48.59 cents.
At the last closing share price the estimated dividend yield is 7.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.22.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 52.8, implying annual growth of -6.4%.
Current consensus DPS estimate is 38.1, implying a prospective dividend yield of 8.5%.
Current consensus EPS estimate suggests the PER is 8.5.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
FZO FAMILY ZONE CYBER SAFETY LIMITED
Software & Services – Overnight Price: $0.32
Wilsons rates ((FZO)) as Overweight (1) –
Family Zone Cyber Safety has announced the acquisition of Sydney-based Educator Impact for up to $7.2m. Educator Impact's primary offering is a student wellbeing platform called Pulse.
The company expects the purchase to be complementary to operations in its core markets of the US, UK and Australia, and Wilsons anticipates it to make Family Zone more competitive, particularly with the Biden administration committing unprecedented funding to student wellbeing.
The Overweight rating and target price of $0.53 are retained.
This report was published on October 4, 2022.
Target price is $0.53 Current Price is $0.32 Difference: $0.21
If FZO meets the Wilsons target it will return approximately 66% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Wilsons forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 3.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.21.
Forecast for FY24:
Wilsons forecasts a full year FY24 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 22.86.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
HDN HOMECO DAILY NEEDS REIT
REITs – Overnight Price: $1.19
Moelis rates ((HDN)) as Initiation of coverage with Buy (1) –
Moelis initiates coverage on HomeCo Daily Needs REIT. The portfolio comprises 51% large format retail, 33% neighbourhood shopping centres, and 16% health and services retail, and offers exposure to relatively new and high quality assets.
The broker finds well-located real estate to offer exposure to defensive cash flows, while a development pipeline looks to improve earnings growth by more than $500m over the medium-term.
Trading at a -22.7% discount to its net tangible assets, the broker finds HomeCo Daily Needs REIT a compelling investment opportunity. The broker initiates with a Buy rating and a target price of $1.48.
This report was published on October 6, 2022.
Target price is $1.48 Current Price is $1.19 Difference: $0.29
If HDN meets the Moelis target it will return approximately 24% (excluding dividends, fees and charges).
Current consensus price target is $1.47, suggesting upside of 24.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Moelis forecasts a full year FY23 dividend of 8.30 cents and EPS of 8.60 cents.
At the last closing share price the estimated dividend yield is 6.97%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.84.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 8.8, implying annual growth of -68.6%.
Current consensus DPS estimate is 8.5, implying a prospective dividend yield of 7.2%.
Current consensus EPS estimate suggests the PER is 13.4.
Forecast for FY24:
Moelis forecasts a full year FY24 dividend of 8.40 cents and EPS of 8.60 cents.
At the last closing share price the estimated dividend yield is 7.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.84.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 8.8, implying annual growth of N/A.
Current consensus DPS estimate is 8.5, implying a prospective dividend yield of 7.2%.
Current consensus EPS estimate suggests the PER is 13.4.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
HUB HUB24 LIMITED
Wealth Management & Investments – Overnight Price: $23.24
Jarden rates ((HUB)) as Neutral (3) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Impacts for Hub24 were better contained than some peers given a lower cost-to-income ratio, but weaker markets remain a risk to strong flow expectations.
The Neutral rating is retained and the target price decreases to $22.50 from $25.00.
This report was published on October 4, 2022.
Target price is $22.50 Current Price is $23.24 Difference: minus $0.74 (current price is over target).
If HUB meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $29.76, suggesting upside of 30.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 28.50 cents and EPS of 64.40 cents.
At the last closing share price the estimated dividend yield is 1.23%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.09.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 62.5, implying annual growth of 209.7%.
Current consensus DPS estimate is 26.1, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 36.5.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 34.00 cents and EPS of 75.70 cents.
At the last closing share price the estimated dividend yield is 1.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.70.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 74.6, implying annual growth of 19.4%.
Current consensus DPS estimate is 31.3, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 30.6.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IAG INSURANCE AUSTRALIA GROUP LIMITED
Insurance – Overnight Price: $4.83
Jarden rates ((IAG)) as Buy (1) –
Jarden has marked to market its earnings forecasts for the general and private health insurers in its coverage following a September quarter that delivered weak returns across global equity markets.
Marking to market saw the broker's earnings per share forecast for Insurance Australia Group decline -6% in FY23, but assumptions of improvement to underlying yields saw forecasts lift 2% for FY24.
The Buy rating is retained and the target price decreases to $5.25 from $5.40.
This report was published on October 4, 2022.
Target price is $5.25 Current Price is $4.83 Difference: $0.42
If IAG meets the Jarden target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $4.97, suggesting upside of 3.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 32.00 cents and EPS of 38.00 cents.
At the last closing share price the estimated dividend yield is 6.63%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 33.1, implying annual growth of N/A.
Current consensus DPS estimate is 27.3, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 14.5.
Forecast for FY25:
Current consensus EPS estimate is N/A, 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: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IFL INSIGNIA FINANCIAL LIMITED
Wealth Management & Investments – Overnight Price: $3.06
Jarden rates ((IFL)) as Overweight (2) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Given its thinner margins impacts on Insignia Financial have been more significant relative to peers, with the broker's FY23 earnings per share forecast declining -23%.
The Overweight rating is retained and the target price decreases to $2.95 from $3.75.
This report was published on October 4, 2022.
Target price is $2.95 Current Price is $3.06 Difference: minus $0.11 (current price is over target).
If IFL meets the Jarden target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.10, suggesting upside of 35.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 16.20 cents and EPS of 25.10 cents.
At the last closing share price the estimated dividend yield is 5.29%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.19.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.9, implying annual growth of 463.6%.
Current consensus DPS estimate is 24.3, implying a prospective dividend yield of 8.0%.
Current consensus EPS estimate suggests the PER is 9.5.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 18.80 cents and EPS of 28.80 cents.
At the last closing share price the estimated dividend yield is 6.14%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.7, implying annual growth of 11.9%.
Current consensus DPS estimate is 28.3, implying a prospective dividend yield of 9.3%.
Current consensus EPS estimate suggests the PER is 8.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IGO IGO LIMITED
Nickel – Overnight Price: $15.18
JP Morgan rates ((IGO)) as Overweight (1) –
JP Morgan generally downgrades earnings forecasts for the Australian Mining sector after a mark-to-market exercise for September quarter prices.
For lithium, the broker suggests supply shortages will lead to strong price support on a multi-year view.
IGO and Allkem ((AKE) are JP Morgan's top picks from among its coverage of lithium stocks and both have an Overweight rating.
The target price for IGO falls to $16.20 from $16.30.
This report was published on October 4, 2022.
Target price is $16.20 Current Price is $15.18 Difference: $1.02
If IGO meets the JP Morgan target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $14.70, suggesting downside of -3.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 52.00 cents and EPS of 216.00 cents.
At the last closing share price the estimated dividend yield is 3.43%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.03.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 189.6, implying annual growth of 333.9%.
Current consensus DPS estimate is 42.5, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 8.0.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 69.00 cents and EPS of 249.00 cents.
At the last closing share price the estimated dividend yield is 4.55%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 162.7, implying annual growth of -14.2%.
Current consensus DPS estimate is 68.9, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 9.3.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IKE IKEGPS GROUP LIMITED
Hardware & Equipment – Overnight Price: $0.81
Bell Potter rates ((IKE)) as Buy (1) –
ikeGPS Group provided a strong first half update according to Bell Potter, with revenue guidance of NZ$14.7-15.0m implying 157.2%-162.5% growth on the previous comparable period. The company also expects its contracted backlog to support a strong third quarter.
Given continuing revenue performance, Bell Potter lifts its earnings per share forecasts through to FY25.
The Buy rating is retained and the target price increases to $1.02 from $0.96.
This report was published on October 3, 2022.
Target price is $1.02 Current Price is $0.81 Difference: $0.21
If IKE meets the Bell Potter target it will return approximately 26% (excluding dividends, fees and charges).
The company's fiscal year ends in March.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 2.03 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 39.90.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.09 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 880.43.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IMD IMDEX LIMITED
Mining Sector Contracting – Overnight Price: $2.10
Jarden rates ((IMD)) as Buy (1) –
After raising its risk-free rate assumptions, Jarden lowers its target price for Imdex to $2.25 from $2.42. No changes are made to the analyst's earnings forecasts.
The broker highlights equity raisings and setting of exploration budgets by customers in the December quarter will likely be critical to the outlook. The Buy rating is retained.
This report was published on October 5, 2022.
Target price is $2.25 Current Price is $2.10 Difference: $0.15
If IMD meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 4.00 cents and EPS of 12.30 cents.
At the last closing share price the estimated dividend yield is 1.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.07.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 4.40 cents and EPS of 13.20 cents.
At the last closing share price the estimated dividend yield is 2.10%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.91.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JHG JANUS HENDERSON GROUP PLC
Wealth Management & Investments – Overnight Price: $33.23
Jarden rates ((JHG)) as Underweight (4) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Given headwinds from a strong US dollar impacts on Janus Henderson have been more significant relative to peers, with the broker's FY24 earnings per share forecast declining -26%.
The Underweight rating is retained and the target price decreases to $18.15 from $23.00.
This report was published on October 4, 2022.
Target price is $18.15 Current Price is $33.23 Difference: minus $15.08 (current price is over target).
If JHG meets the Jarden target it will return approximately minus 45% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $31.57, suggesting downside of -3.3%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
Jarden forecasts a full year FY22 dividend of 219.22 cents and EPS of 299.33 cents.
At the last closing share price the estimated dividend yield is 6.60%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 370.9, implying annual growth of N/A.
Current consensus DPS estimate is 276.8, implying a prospective dividend yield of 8.5%.
Current consensus EPS estimate suggests the PER is 8.8.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 219.22 cents and EPS of 220.63 cents.
At the last closing share price the estimated dividend yield is 6.60%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.06.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 348.8, implying annual growth of -6.0%.
Current consensus DPS estimate is 279.9, implying a prospective dividend yield of 8.6%.
Current consensus EPS estimate suggests the PER is 9.4.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JIN JUMBO INTERACTIVE LIMITED
Gaming – Overnight Price: $12.50
Jarden rates ((JIN)) as Overweight (2) –
Jarden lowers its FY23-25 EPS forecasts for Jumbo Interactive by around -3-4% after reducing total transaction value (TTV) growth forecasts for Lottery Retailing.
The analyst points to lower client engagement, with the ozlotteries.com and thelott.com websites seeing lower visitation than in the previous (covid-assisted) corresponding period. Lower jackpots are also considered to be impacting.
The lower forecasts reduce the broker's target price by around -3%, though an increased risk-free rate assumption has a more significant impact. The combined effects lower the target to $13.80 from $15.41. The Overweight rating is unchanged.
This report was published on October 5, 2022.
Target price is $13.80 Current Price is $12.50 Difference: $1.3
If JIN meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $17.01, suggesting upside of 38.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 45.00 cents and EPS of 57.80 cents.
At the last closing share price the estimated dividend yield is 3.60%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.63.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 57.8, implying annual growth of 15.9%.
Current consensus DPS estimate is 44.3, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 21.3.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 48.00 cents and EPS of 60.50 cents.
At the last closing share price the estimated dividend yield is 3.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.66.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 66.3, implying annual growth of 14.7%.
Current consensus DPS estimate is 50.1, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 18.6.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MFG MAGELLAN FINANCIAL GROUP LIMITED
Wealth Management & Investments – Overnight Price: $10.75
Jarden rates ((MFG)) as Underweight (4) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
With both of Magellan Financial's key strategies underperforming the market in the quarter, impacts on Magellan Financial have been sizeable relative to peers, with the broker's FY23 earnings per share forecast declining -15%.
The Underweight rating is retained and the target price decreases to $7.55 from $8.85.
This report was published on October 4, 2022.
Target price is $7.55 Current Price is $10.75 Difference: minus $3.2 (current price is over target).
If MFG meets the Jarden target it will return approximately minus 30% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $10.89, suggesting upside of 1.3%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 80.40 cents and EPS of 100.90 cents.
At the last closing share price the estimated dividend yield is 7.48%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.65.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 104.2, implying annual growth of -49.6%.
Current consensus DPS estimate is 89.6, implying a prospective dividend yield of 8.3%.
Current consensus EPS estimate suggests the PER is 10.3.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 56.60 cents and EPS of 81.90 cents.
At the last closing share price the estimated dividend yield is 5.27%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 89.2, implying annual growth of -14.4%.
Current consensus DPS estimate is 75.6, implying a prospective dividend yield of 7.0%.
Current consensus EPS estimate suggests the PER is 12.1.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MPL MEDIBANK PRIVATE LIMITED
Insurance – Overnight Price: $3.52
Jarden rates ((MPL)) as Overweight (2) –
Jarden has marked to market its earnings forecasts for the general and private health insurers in its coverage following a September quarter that delivered weak returns across global equity markets.
With private health less investment exposed than general insurers, marking to market saw the broker's earnings per share forecast for Medibank Private decline -2% for FY23, but assumptions of improvement to underlying yields saw forecasts lift 2.5% for FY24.
The Overweight rating is retained and the target price decreases to $3.40 from $3.50.
This report was published on October 4, 2022.
Target price is $3.40 Current Price is $3.52 Difference: minus $0.12 (current price is over target).
If MPL meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $3.76, suggesting upside of 7.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 15.90 cents and EPS of 18.10 cents.
At the last closing share price the estimated dividend yield is 4.52%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.5, implying annual growth of 29.4%.
Current consensus DPS estimate is 15.0, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 18.9.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 16.70 cents and EPS of 19.60 cents.
At the last closing share price the estimated dividend yield is 4.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.8, implying annual growth of 1.6%.
Current consensus DPS estimate is 15.5, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 18.6.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NHF NIB HOLDINGS LIMITED
Insurance – Overnight Price: $7.55
Jarden rates ((NHF)) as Neutral (3) –
Jarden has marked to market its earnings forecasts for the general and private health insurers in its coverage following a September quarter that delivered weak returns across global equity markets.
With private health less investment exposed than general insurers, marking to market saw the broker's earnings per share forecast for nib Holdings decline -3% for FY23, but assumptions of improvement to underlying yields saw forecasts lift 2.5% for FY24.
The Neutral rating is retained and the target price decreases to $7.30 from $7.50.
This report was published on October 4, 2022.
Target price is $7.30 Current Price is $7.55 Difference: minus $0.25 (current price is over target).
If NHF meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $7.73, suggesting upside of 3.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 25.00 cents and EPS of 35.70 cents.
At the last closing share price the estimated dividend yield is 3.31%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.15.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 41.5, implying annual growth of 40.2%.
Current consensus DPS estimate is 26.3, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 18.0.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 29.00 cents and EPS of 41.10 cents.
At the last closing share price the estimated dividend yield is 3.84%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.37.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 42.5, implying annual growth of 2.4%.
Current consensus DPS estimate is 27.4, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 17.6.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NST NORTHERN STAR RESOURCES LIMITED
Gold & Silver – Overnight Price: $8.50
JP Morgan rates ((NST)) as Overweight (1) –
JP Morgan generally downgrades earnings forecasts for the Australian Mining sector after a mark-to-market exercise for September quarter prices.
For the Gold sector, the broker explains increasing nominal interest rate expectations and a strong US dollar continue to weigh.
Northern Star Resources is JP Morgan's preferred pick in the space and the Overweight rating is unchanged, while the target falls to $9.00 from $9.25.
This report was published on October 4, 2022.
Target price is $9.00 Current Price is $8.50 Difference: $0.5
If NST meets the JP Morgan target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $9.98, suggesting upside of 16.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 25.00 cents and EPS of 4.00 cents.
At the last closing share price the estimated dividend yield is 2.94%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 212.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 28.8, implying annual growth of -22.1%.
Current consensus DPS estimate is 22.6, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 29.8.
Forecast for FY24:
JP Morgan forecasts a full year FY24 dividend of 45.00 cents and EPS of 45.00 cents.
At the last closing share price the estimated dividend yield is 5.29%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.89.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.7, implying annual growth of 27.4%.
Current consensus DPS estimate is 25.1, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 23.4.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NTO NITRO SOFTWARE LIMITED
IT & Support – Overnight Price: $1.62
Goldman Sachs rates ((NTO)) as Downgrade to Neutral from Buy (3) –
With the macro environment continuing to deteriorate in Europe, which accounts for 40% of Nitro Software's sales, and Goldman Sachs now anticipating a moderate recession ahead, the broker has trimmed its annual recurring revenue forecast for FY22 US$56.5m.
While Nitro Software's stock has continued to trade near the bid price of the Potentia Consortium's recently rejected proposal its software peers have declined, and Goldman Sachs sees limited upside to its target price.
The rating is downgraded to Neutral from Buy and the target price decreases to $1.80 from $2.05.
This report was published on October 4, 2022.
Target price is $1.80 Current Price is $1.62 Difference: $0.18
If NTO meets the Goldman Sachs target it will return approximately 11% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 18.27 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 8.87.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 12.65 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 12.81.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
NWL NETWEALTH GROUP LIMITED
Wealth Management & Investments – Overnight Price: $13.07
Jarden rates ((NWL)) as Neutral (3) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Impacts for Netwealth Group were better contained than some peers given a lower cost-to-income ratio, but weaker markets remain a risk to strong flow expectations.
The Neutral rating is retained and the target price decreases to $12.70 from $14.30.
This report was published on October 4, 2022.
Target price is $12.70 Current Price is $13.07 Difference: minus $0.37 (current price is over target).
If NWL meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $15.12, suggesting upside of 17.4%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 25.30 cents and EPS of 29.80 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 43.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 29.6, implying annual growth of 29.9%.
Current consensus DPS estimate is 24.8, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 43.5.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 32.00 cents and EPS of 37.70 cents.
At the last closing share price the estimated dividend yield is 2.45%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 34.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 37.3, implying annual growth of 26.0%.
Current consensus DPS estimate is 31.0, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 34.5.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
OZL OZ MINERALS LIMITED
Copper – Overnight Price: $26.50
JP Morgan rates ((OZL)) as Neutral (3) –
JP Morgan generally downgrades earnings forecasts for the Australian Mining sector after a mark-to-market exercise for September quarter prices.
For the Gold sector, the broker points out increasing nominal interest rate expectations and a strong US dollar continue to weigh.
South32 ((S32)) is JP Morgan's preferred exposure among base and other metal exposures and has an Overweight rating.
For Neutral-rated OZ Minerals, modest upside may occur should BHP Group ((BHP)) increase its $25/share bid price. The $27.50 target price is unchanged.
This report was published on October 4, 2022.
Target price is $27.50 Current Price is $26.50 Difference: $1
If OZL meets the JP Morgan target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $25.48, suggesting downside of -2.6%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 9.00 cents and EPS of 40.00 cents.
At the last closing share price the estimated dividend yield is 0.34%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 66.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 74.0, implying annual growth of -53.6%.
Current consensus DPS estimate is 17.5, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 35.4.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 7.00 cents and EPS of 34.00 cents.
At the last closing share price the estimated dividend yield is 0.26%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 77.94.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 96.2, implying annual growth of 30.0%.
Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 27.2.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PAR PARADIGM BIOPHARMACEUTICALS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $1.93
Bell Potter rates ((PAR)) as Speculative Buy (1) –
Following success in a phase 3 trial, Bell Potter reviews key assumptions and raises its target price for Speculative-Buy-rated Paradigm Biopharmaceuticals to $2.20 from $1.90.
The aim of the trial was to provide novel scientific evidence to test the hypothesis that injectable pentosan polysulfate (iPPS) acts locally in the knee joint of osteoarthritis (OA) subjects.
Results were consistent with control of inflammation and cartilage preservation in the affected knee joint. As a result, the broker increases the likelihood of success in a phase 3 trial in OA to 60% from 55%.
Further evaluations and longer-term clinical outcomes are in progress. Stay tuned.
This report was published on October 5, 2022.
Target price is $2.20 Current Price is $1.93 Difference: $0.27
If PAR meets the Bell Potter target it will return approximately 14% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 20.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 9.65.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 4.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 43.86.
Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PDL PENDAL GROUP LIMITED
Wealth Management & Investments – Overnight Price: $4.74
Jarden rates ((PDL)) as Downgrade to Neutral from Overweight (3) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Given headwinds from a strong US dollar impacts on Pendal Group have been more significant relative to peers, with the broker's FY23 earnings per share forecast declining -22%.
The rating is downgraded to Neutral from Overweight and the target price decreases to $4.05 from $4.65.
This report was published on October 4, 2022.
Target price is $4.05 Current Price is $4.74 Difference: minus $0.69 (current price is over target).
If PDL meets the Jarden target it will return approximately minus 15% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.69, suggesting downside of -1.1%(ex-dividends)
The company's fiscal year ends in September.
Forecast for FY22:
Jarden forecasts a full year FY22 dividend of 42.20 cents and EPS of 44.70 cents.
At the last closing share price the estimated dividend yield is 8.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.60.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 46.8, implying annual growth of -9.9%.
Current consensus DPS estimate is 43.5, implying a prospective dividend yield of 9.2%.
Current consensus EPS estimate suggests the PER is 10.1.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 24.00 cents and EPS of 26.70 cents.
At the last closing share price the estimated dividend yield is 5.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.9, implying annual growth of -23.3%.
Current consensus DPS estimate is 32.3, implying a prospective dividend yield of 6.8%.
Current consensus EPS estimate suggests the PER is 13.2.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PPT PERPETUAL LIMITED
Wealth Management & Investments – Overnight Price: $24.50
Jarden rates ((PPT)) as Neutral (3) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
Impacts on Perpetual were fairly contained reflecting its significant exposure to US dollar dominated funds under management, as well as diversification. Jarden's earnings per share forecasts decline just -2% for FY23.
The Neutral rating is retained and the target price decreases to $23.00 from $29.10.
This report was published on October 4, 2022.
Target price is $23.00 Current Price is $24.50 Difference: minus $1.5 (current price is over target).
If PPT meets the Jarden target it will return approximately minus 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $31.50, suggesting upside of 30.7%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 163.60 cents and EPS of 188.90 cents.
At the last closing share price the estimated dividend yield is 6.68%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.97.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 212.0, implying annual growth of 18.1%.
Current consensus DPS estimate is 195.0, implying a prospective dividend yield of 8.1%.
Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 175.60 cents and EPS of 202.80 cents.
At the last closing share price the estimated dividend yield is 7.17%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.08.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 238.2, implying annual growth of 12.4%.
Current consensus DPS estimate is 220.0, implying a prospective dividend yield of 9.1%.
Current consensus EPS estimate suggests the PER is 10.1.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PTM PLATINUM ASSET MANAGEMENT LIMITED
Wealth Management & Investments – Overnight Price: $1.76
Jarden rates ((PTM)) as Underweight (4) –
A tough quarter for equity markets has seen Jarden issue negative mark to market earnings revisions across its wealth platforms and asset managers coverage. Downgrades were highest for those with elevated cost-to-income ratios relative to peers, and lowest for those with more diversified earnings.
For Platinum Asset Management, the broker has lowered its earnings per share forecast by -8% in FY23, accounting for underperformance from its international fund.
The Underweight rating is retained and the target price decreases to $1.40 from $1.50.
This report was published on October 4, 2022.
Target price is $1.40 Current Price is $1.76 Difference: minus $0.36 (current price is over target).
If PTM meets the Jarden target it will return approximately minus 20% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.73, suggesting downside of -0.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 11.80 cents and EPS of 13.70 cents.
At the last closing share price the estimated dividend yield is 6.70%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.85.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.1, implying annual growth of -13.9%.
Current consensus DPS estimate is 14.5, implying a prospective dividend yield of 8.3%.
Current consensus EPS estimate suggests the PER is 11.5.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 10.30 cents and EPS of 12.00 cents.
At the last closing share price the estimated dividend yield is 5.85%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.0, implying annual growth of -7.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.4.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
QAL QUALITAS LIMITED
Wealth Management & Investments – Overnight Price: $2.36
Goldman Sachs rates ((QAL)) as Buy (1) –
A $440m investment commitment to Qualitas' Construction Debt Fund II lifts funds under management 9% to $5.3bn, and the Fund to $1.2bn.
Goldman Sachs expects the additional funds under management to be immediately fee-earning, with funds being deployed into a residential development project in Sydney. The broker finds the investment to reinforce Qualitas' status as a private credit investment manager of choice.
The Buy rating is retained and the target price increases to $3.40 from $3.20.
This report was published on October 3, 2022.
Target price is $3.40 Current Price is $2.36 Difference: $1.04
If QAL meets the Goldman Sachs target it will return approximately 44% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 4.00 cents and EPS of 9.00 cents.
At the last closing share price the estimated dividend yield is 1.69%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.22.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 6.00 cents and EPS of 13.00 cents.
At the last closing share price the estimated dividend yield is 2.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.15.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
QBE QBE INSURANCE GROUP LIMITED
Insurance – Overnight Price: $11.91
Jarden rates ((QBE)) as Buy (1) –
Jarden has marked to market its earnings forecasts for the general and private health insurers in its coverage following a September quarter that delivered weak returns across global equity markets.
Marking to market saw the broker's earnings per share forecast for QBE Insurance decline -4% in FY22, but assumptions of improvement to underlying yields, coupled with a weaker Australian dollar, saw forecasts lift 15% for FY23.
QBE Insurance is Jarden's top sector pick given its greater leverage to rising interest rates. The Buy rating is retained and the target price increases to $17.95 from $17.00.
This report was published on October 4, 2022.
Target price is $17.95 Current Price is $11.91 Difference: $6.04
If QBE meets the Jarden target it will return approximately 51% (excluding dividends, fees and charges).
Current consensus price target is $15.72, suggesting upside of 33.3%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
Jarden forecasts a full year FY22 dividend of 77.29 cents and EPS of 78.84 cents.
At the last closing share price the estimated dividend yield is 6.49%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.11.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.2, implying annual growth of N/A.
Current consensus DPS estimate is 59.4, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 14.2.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 123.67 cents and EPS of 156.97 cents.
At the last closing share price the estimated dividend yield is 10.38%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.59.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 150.4, implying annual growth of 80.8%.
Current consensus DPS estimate is 107.3, implying a prospective dividend yield of 9.1%.
Current consensus EPS estimate suggests the PER is 7.8.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RFF RURAL FUNDS GROUP
REITs – Overnight Price: $2.51
Bell Potter rates ((RFF)) as Upgrade to Buy from Hold (1) –
As shares of Rural Funds are trading at a rare and attractive entry point, Bell Potter raises its rating to Buy from Hold.
The $2.75 target price is unchanged as no changes are made to the broker's earnings forecasts.
Management is focused on asset development and improving the productive capacity of the portfolio, which the analyst suggests provides potential for out-of-cycle value gains.
For investors concerned about the impact of rising interest rates, Bell Potter points out 38% of the group's FY23 revenues have CPI-linked indexation. A further 28% of FY23 revenues will have market-linked rent reviews, notes the analyst.
This report was published on October 5, 2022.
Target price is $2.75 Current Price is $2.51 Difference: $0.24
If RFF meets the Bell Potter target it will return approximately 10% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Bell Potter forecasts a full year FY23 dividend of 11.70 cents and EPS of 11.40 cents.
At the last closing share price the estimated dividend yield is 4.66%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.02.
Forecast for FY24:
Bell Potter forecasts a full year FY24 dividend of 12.70 cents and EPS of 12.30 cents.
At the last closing share price the estimated dividend yield is 5.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.41.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RHC RAMSAY HEALTH CARE LIMITED
Healthcare services – Overnight Price: $57.71
Goldman Sachs rates ((RHC)) as Neutral (3) –
Goldman Sachs expects Ramsay Health Care's operating performance to remain challenged by labour constraints and costs. The broker sees potential for these headwinds to remain longer-term in Australia Pacific.
While the broker expects dynamics to continue to improve, it finds company guidance for a gradual recovery through FY23 and more normalised conditions in FY24 unlikely to inspire confidence from the market in a sharp rebound.
Having been on research restriction, Goldman Sachs reinstates with a Neutral recommendation and a target price of $59.00.
This report was published on October 3, 2022.
Target price is $59.00 Current Price is $57.71 Difference: $1.29
If RHC meets the Goldman Sachs target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $72.11, suggesting upside of 25.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 150.00 cents and EPS of 179.00 cents.
At the last closing share price the estimated dividend yield is 2.60%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 193.7, implying annual growth of 66.5%.
Current consensus DPS estimate is 112.4, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 29.6.
Forecast for FY24:
Goldman Sachs forecasts a full year FY24 dividend of 228.00 cents and EPS of 271.00 cents.
At the last closing share price the estimated dividend yield is 3.95%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 21.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 262.0, implying annual growth of 35.3%.
Current consensus DPS estimate is 152.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 21.9.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SFR SANDFIRE RESOURCES LIMITED
Copper – Overnight Price: $4.05
Shaw and Partners rates ((SFR)) as Buy (1) –
Sandfire Resources announced the immediate step down of CEO Karl Simich as part of the transition process, with the company's COO Jason Grace appointed Acting CEO while the search for a successor continues.
The company also upgraded its FY23 production guidance following a strong start to the year, and disclosed financing for the Motheo project has been obtained. Shaw and Partners found all updates to be, on balance, positive.
The Buy rating and target price of $7.70 are retained.
This report was published on October 3, 2022.
Target price is $7.70 Current Price is $4.05 Difference: $3.65
If SFR meets the Shaw and Partners target it will return approximately 90% (excluding dividends, fees and charges).
Current consensus price target is $5.31, suggesting upside of 34.9%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Shaw and Partners forecasts a full year FY23 dividend of 0.00 cents and EPS of 33.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.1, implying annual growth of N/A.
Current consensus DPS estimate is 2.5, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 77.3.
Forecast for FY24:
Shaw and Partners forecasts a full year FY24 dividend of 10.20 cents and EPS of 50.90 cents.
At the last closing share price the estimated dividend yield is 2.52%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -2.6, implying annual growth of N/A.
Current consensus DPS estimate is 0.4, implying a prospective dividend yield of 0.1%.
Current consensus EPS estimate suggests the PER is N/A.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SM1 SYNLAIT MILK LIMITED
Dairy – Overnight Price: $3.10
Jarden rates ((SM1)) as Neutral (3) –
FY22 results for Synlait Milk were broadly in line with Jarden's expectations, with operating cash flow better than expected. The target rises to NZ$3.75 from NZ$3.60 and the Neutral rating is unchanged.
Management expect to "…exit FY23 and enter FY24 with a similar level of profitability experienced before FY21". This statement suggests confidence to the broker, while it also acknowledges volatility and some timing risk around key milestones.
The analyst forecasts Synlait Milk will start paying dividends at a 50% payout ratio from FY25, given ongoing net debt reduction.
This report was published on September 28, 2022.
Current Price is $3.10. Target price not assessed.
The company's fiscal year ends in July.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of 22.04 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.07.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 32.18 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.63.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SUN SUNCORP GROUP LIMITED
Insurance – Overnight Price: $10.47
Jarden rates ((SUN)) as Buy (1) –
Jarden has marked to market its earnings forecasts for the general and private health insurers in its coverage following a September quarter that delivered weak returns across global equity markets.
Marking to market saw the broker's earnings per share forecast for Suncorp Group decline -7% in FY23, but assumptions of improvement to underlying yields saw forecasts lift 3% for FY24.
The Buy rating is retained and the target price decreases to $12.65 from $13.15.
This report was published on October 4, 2022.
Target price is $12.65 Current Price is $10.47 Difference: $2.18
If SUN meets the Jarden target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $13.11, suggesting upside of 26.2%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 91.70 cents and EPS of 87.40 cents.
At the last closing share price the estimated dividend yield is 8.76%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.98.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 90.5, implying annual growth of 68.2%.
Current consensus DPS estimate is 68.7, implying a prospective dividend yield of 6.6%.
Current consensus EPS estimate suggests the PER is 11.5.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 45.00 cents and EPS of 94.60 cents.
At the last closing share price the estimated dividend yield is 4.30%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.07.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 99.3, implying annual growth of 9.7%.
Current consensus DPS estimate is 77.2, implying a prospective dividend yield of 7.4%.
Current consensus EPS estimate suggests the PER is 10.5.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TLC LOTTERY CORPORATION LIMITED
Gaming – Overnight Price: $4.20
Jarden rates ((TLC)) as Neutral (3) –
Jarden lowers its earnings forecasts for the Lottery Corp due to lower client engagement. An increased risk-free rate assumption has a more significant effect, and the target price falls to $4.01 from $4.38 on the combined impacts.
The analyst points out the ozlotteries.com and thelott.com websites are seeing lower visitation than in the previous (covid-assisted) corresponding period, while lower jackpots are also impacting.
The Neutral rating is unchanged.
This report was published on October 5, 2022.
Target price is $4.01 Current Price is $4.20 Difference: minus $0.19 (current price is over target).
If TLC meets the Jarden target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.90, suggesting upside of 18.6%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Jarden forecasts a full year FY23 dividend of 10.00 cents and EPS of 14.50 cents.
At the last closing share price the estimated dividend yield is 2.38%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.97.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.4, implying annual growth of -1.1%.
Current consensus DPS estimate is 14.6, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 26.8.
Forecast for FY24:
Jarden forecasts a full year FY24 dividend of 16.00 cents and EPS of 15.90 cents.
At the last closing share price the estimated dividend yield is 3.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.42.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.9, implying annual growth of 9.7%.
Current consensus DPS estimate is 17.7, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 24.4.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TLS TELSTRA CORPORATION LIMITED
Telecommunication – Overnight Price: $3.87
Goldman Sachs rates ((TLS)) as Neutral (3) –
The ACCC has raised concerns as to the proposed Telstra and TPG Telecom network sharing agreement, including risk of TPG raising prices should the agreement proceed given the superior network quality and the increased cost of providing services to TPG.
Given concerns from the ACCC, Goldman Sachs sees more uncertainty in the outcome of the agreement but continues to anticipate a positive outlook, expecting the agreement would be positive for industry rationality.
The Neutral rating and target price of $4.40 are retained.
This report was published on October 3, 2022.
Target price is $4.40 Current Price is $3.87 Difference: $0.53
If TLS meets the Goldman Sachs target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $4.41, suggesting upside of 14.8%(ex-dividends)
The company's fiscal year ends in June.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 dividend of 17.00 cents and EPS of 16.60 cents.
At the last closing share price the estimated dividend yield is 4.39%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.31.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.8, implying annual growth of 17.0%.
Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 22.9.
Forecast for FY24:
Current consensus EPS estimate is 18.7, implying annual growth of 11.3%.
Current consensus DPS estimate is 17.8, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 20.5.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TPG TPG TELECOM LIMITED
Telecommunication – Overnight Price: $4.85
Goldman Sachs rates ((TPG)) as Neutral (3) –
The ACCC has raised concerns as to the proposed Telstra and TPG Telecom network sharing agreement, including risk of TPG raising prices should the agreement proceed given the superior network quality and the increased cost of providing services to TPG.
Given concerns from the ACCC, Goldman Sachs sees more uncertainty in the outcome of the agreement but continues to anticipate a positive outlook, expecting the agreement would be positive for industry rationality.
The Neutral rating and target price of $6.10 are retained.
This report was published on October 3, 2022.
Target price is $6.10 Current Price is $4.85 Difference: $1.25
If TPG meets the Goldman Sachs target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $6.34, suggesting upside of 32.1%(ex-dividends)
The company's fiscal year ends in December.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 EPS of 15.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.4, implying annual growth of 210.8%.
Current consensus DPS estimate is 17.6, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 26.1.
Forecast for FY23:
Goldman Sachs forecasts a full year FY23 EPS of 19.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.53.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.7, implying annual growth of 7.1%.
Current consensus DPS estimate is 19.8, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 24.4.
Market Sentiment: 0.5
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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