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Australian Broker Call *Extra* Edition – May 02, 2023

Daily Market Reports | May 02 2023

This story features A2 MILK COMPANY LIMITED, and other companies. For more info SHARE ANALYSIS: A2M

An additional news report on the recommendation, valuation, forecast and opinion changes and updates 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)

A2M   AND   ARX   BSL   CXO (3)   FCL (2)   FMG   FZO   IFL   JHX   KGN (2)   LEL   LLL   MEI   MMM   PLL   PSQ   SDR   SEK   SGP   SHL   SM1   SYA   THL  

A2M    A2 MILK COMPANY LIMITED

Dairy – Overnight Price: $5.43

Jarden rates ((A2M)) as Upgrade to Neutral from Underweight (3) –

Synlait Milk ((SM1)) has made a further profit downgrade with the main source being additional demand reductions from key customer, a2 Milk.

The latter is surprised at the size of that company's guidance change based on its forecasts for lower English label infant milk formula demand over March and the June quarter.

a2 Milk has noted ongoing weakness in the Australasian daigou/reseller channel and confirmed a modest downgrade to its revenue growth guidance for FY23, which Jarden assesses is now around 10%.

The broker upgrades to Neutral from Underweight, assessing the risk/reward is more balanced. Target is lowered to NZ$6.10.

This report was published on April 26, 2023.

Current Price is $5.43. Target price not assessed.
Current consensus price target is $5.71, suggesting upside of 4.8%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of 18.42 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.47.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.6, 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 29.3.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 20.52 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.46.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.6, implying annual growth of 26.9%.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 23.1.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

AND    ANSARADA GROUP LIMITED

Software & Services – Overnight Price: $1.14

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

Ansarada Group's March-quarter result met Canaccord Genuity's forecast despite revenue growth remaining subdued due to a -30% drop in capital market growth and seasonal weakness.

Given the backdrop, the broker considers it a good result, observing annual revenue per month still ticked up and another 380 customers were added in the quarter. Paying subscribers fell -3% compared with the December quarter and deferred revenued eased slightly to $16m.

Free cash flow rose 130% on the previous March quarter and operating cash flow rose $3.1m over the same period. Ansarada Group finished the quarter with net cash of $20m, which the broker considers to be sufficient to execute the company's growth plans.

All up, the broker expects earnings to bottom in FY23 and believes the company offers strong operating leverage when conditions recover.

EPS forecasts fall -2% in FY23; -4% in FY24; and -4% in FY25. Buy rating and $2 target price retained.

This report was published on April 27, 2023.

Target price is $2.00 Current Price is $1.14 Difference: $0.865
If AND meets the Canaccord Genuity target it will return approximately 76% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 6.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 18.92.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 0.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 1135.00.

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

ARX    AROA BIOSURGERY LIMITED

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $1.08

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

Aroa Biosurgery's FY23 result largely met Wilsons' forecasts, product revenue falling a tad shy.

The broker points to strong MYRIAD growth in the year (up 269% to NZ$13.6m off a low base on a margin of 81% to 82%) and management advises it expects to double that figure in FY24.

Overweight rating and $1.73 target price retained.

This report was published on April 28, 2023.

Target price is $1.73 Current Price is $1.08 Difference: $0.65
If ARX meets the Wilsons target it will return approximately 60% (excluding dividends, fees and charges).

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

BSL    BLUESCOPE STEEL LIMITED

Steel & Scrap – Overnight Price: $19.96

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

BlueScope Steel has announced an upgrade to EBIT guidance for the second half of FY23, to $700-770m. This is mainly on the back of improved earnings expectations for North Star mill.

Goldmann Sachs observes US steel prices remain strong while East Asian steel prices have bottomed. The broker asserts the company is one of the highest margin value-add steel businesses in the world because of its leading metal coating and painted steel position.

A Buy rating is maintained. Target is raised to $23.50 from $23.30.

This report was published on April 26, 2023.

Target price is $23.50 Current Price is $19.96 Difference: $3.54
If BSL meets the Goldman Sachs target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $21.62, suggesting upside of 9.0%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 50.00 cents and EPS of 247.00 cents.
At the last closing share price the estimated dividend yield is 2.51%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.08.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 247.7, implying annual growth of -56.7%.
Current consensus DPS estimate is 50.0, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 8.0.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 50.00 cents and EPS of 270.00 cents.
At the last closing share price the estimated dividend yield is 2.51%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.39.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 194.1, implying annual growth of -21.6%.
Current consensus DPS estimate is 50.0, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 10.2.

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

CXO    CORE LITHIUM LIMITED

New Battery Elements – Overnight Price: $0.95

Canaccord Genuity rates ((CXO)) as Speculative Buy (1) –

Core Lithium's March-quarter report included the commissioning of the company's DMS plant near Darwin.

The wet season curbed operations but the broker observes mining has resumed at Grants open pit and a January shipment and payment was received, leaving the company with $98m in cash as at March 31 (a sharp miss on the broker's forecast $127m due to capital and operational expenditure inflation).

Meanwhile, the broker observes the company's growing resource and strong Asian Metals spot pricing.

Speculative Buy rating retained. Target price falls -7% to $1.35 from $1.45.

This report was published on April 27, 2023.

Target price is $1.35 Current Price is $0.95 Difference: $0.395
If CXO meets the Canaccord Genuity target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $0.98, suggesting upside of 2.4%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 0.5, 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 192.0.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 16.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.97.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.2, implying annual growth of 2140.0%.
Current consensus DPS estimate is 1.5, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 8.6.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Goldman Sachs rates ((CXO)) as Sell (5) –

The operations at Finniss are ramping up and the establishment of integrated mining and processing is underway. Core Lithium expects production guidance will be available in the first quarter of FY24, once operations are established.

The timing of sales is slightly later than Goldman Sachs previously expected although this will be partially offset by pre-payments linked to the Fastmarkets spodumene pricing.

The broker retains a Sell rating on valuation, noting large resource upside is still required. Target is unchanged at $0.80.

This report was published on April 26, 2023.

Target price is $0.80 Current Price is $0.95 Difference: minus $0.155 (current price is over target).
If CXO meets the Goldman Sachs target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.98, suggesting upside of 2.4%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 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 31.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 0.5, 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 192.0.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 7.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.2, implying annual growth of 2140.0%.
Current consensus DPS estimate is 1.5, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 8.6.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources


Jarden rates ((CXO)) as Sell (5) –

Core Lithium has shipped the first cargo of DSO and taken prepayments for the first 3500t of concentrate cargo and a second 15,000t cargo to be shipped in the September quarter.

Jarden notes several milestones have been achieved in the March quarter while production guidance will be provided in the September quarter when the company is better able to estimate sustainable mining rates.

The broker raises the target to $0.56 from $0.53 and retains a Sell rating.

This report was published on April 27, 2023.

Target price is $0.56 Current Price is $0.95 Difference: minus $0.395 (current price is over target).
If CXO meets the Jarden target it will return approximately minus 41% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.98, suggesting upside of 2.4%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of 1.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 53.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 0.5, 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 192.0.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.47.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.2, implying annual growth of 2140.0%.
Current consensus DPS estimate is 1.5, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 8.6.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

FCL    FINEOS CORPORATION HOLDINGS PLC

Cloud services – Overnight Price: $1.62

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

Fineos Corp has produced a strong March quarter with record cash receipts of EUR44m. Goldman Sachs observes cost efficiencies are beginning to make an impact and should ease market concerns around the funding position.

There is increased confidence in the route to breaking even in the second half of FY24. Early signs of traction in employer segments further diversifies the growth options. Target is raised to $2.10 from $1.95. The Buy rating is reiterated.

This report was published on April 26, 2023.

Target price is $2.10 Current Price is $1.62 Difference: $0.48
If FCL meets the Goldman Sachs target it will return approximately 30% (excluding dividends, fees and charges).
Current consensus price target is $2.42, suggesting upside of 47.6%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 EPS of minus 13.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 11.74.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -12.5, 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 FY24:

Goldman Sachs forecasts a full year FY24 EPS of minus 11.96 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 13.54.

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.

This company reports in EUR. 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


Moelis rates ((FCL)) as Buy (1) –

In the March quarter trading update Fineos Corp has flagged strong cash receipts and a new win in the direct-to-employer market for the Absence product.

Moelis notes slight reductions in personnel continued in the quarter and adjusts expenditure estimates to reflect cost reductions. Despite the new contract, subscription growth is largely being driven by existing customers, the broker observes.

Buy rating maintained with a $2.15 target.

This report was published on April 27, 2023.

Target price is $2.15 Current Price is $1.62 Difference: $0.53
If FCL meets the Moelis target it will return approximately 33% (excluding dividends, fees and charges).
Current consensus price target is $2.42, suggesting upside of 47.6%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Moelis forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 12.25 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 13.22.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -12.5, 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 FY24:

Moelis forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 8.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 18.21.

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.

This company reports in EUR. 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

FMG    FORTESCUE METALS GROUP LIMITED

Iron Ore – Overnight Price: $20.95

Goldman Sachs rates ((FMG)) as Sell (5) –

Goldman Sachs notes a strong March quarter with record iron ore shipments and unit costs below expectations. FY23 shipment guidance is unchanged at 187-192mt while costs are tracking at the lower end of the US$18-18.75/wmt range.

The broker raises FY23 and FY24 estimates by 4% and 2%, respectively, after lifting near-term iron ore price realisations and lowering unit costs.

The Sell rating for Fortescue Metals is unchanged, while the target rises to $15.80 from $15.70.

This report was published on April 26, 2023.

Target price is $15.80 Current Price is $20.95 Difference: minus $5.15 (current price is over target).
If FMG meets the Goldman Sachs target it will return approximately minus 25% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $16.39, suggesting downside of -21.8%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 dividend of 200.18 cents and EPS of 294.38 cents.
At the last closing share price the estimated dividend yield is 9.55%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.12.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 255.5, implying annual growth of N/A.
Current consensus DPS estimate is 189.0, implying a prospective dividend yield of 9.0%.
Current consensus EPS estimate suggests the PER is 8.2.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 dividend of 110.39 cents and EPS of 197.23 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 10.62.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 206.9, implying annual growth of -19.0%.
Current consensus DPS estimate is 147.9, implying a prospective dividend yield of 7.1%.
Current consensus EPS estimate suggests the PER is 10.1.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.9
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: $0.17

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

Family Zone Cyber Safety's March-quarter trading update met Wilsons's forecasts, although the broker expects the company will be forced to endure a higher coast base for longer given the size of the market opportunity.

Wilsons observed the company bolstered its balance sheet over the quarter thanks to a capital raising and that the company is in the final stages of negotiating a debt facility that would fund the company through to breakeven.

Management guided to a strong June quarter. Overweight rating retained. Target price falls -20% to 33c from 41c to reflect dilution from the company's recent capital raising.

This report was published on April 28, 2023.

Target price is $0.33 Current Price is $0.17 Difference: $0.16
If FZO meets the Wilsons target it will return approximately 94% (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 3.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 4.59.

Forecast for FY24:

Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 2.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 7.08.

Market Sentiment: 1.0
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: $3.01

Jarden rates ((IFL)) as Overweight (2) –

Funds under management from Insignia Financial increased 2.2% in the third quarter and were ahead of Jarden's estimates. The backdrop for platform flows is more mixed as market volatility is weighing.

The broker notes the company now expects to update the market on its Master Trust platform strategy by the FY23 result in August. The broker lifts FY24 estimates slightly. Target rises to $3.65 from $3.60. Overweight maintained.

This report was published on April 26, 2023.

Target price is $3.65 Current Price is $3.01 Difference: $0.64
If IFL meets the Jarden target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $3.68, suggesting upside of 22.1%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 19.70 cents and EPS of 28.40 cents.
At the last closing share price the estimated dividend yield is 6.54%.
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 29.4, implying annual growth of 419.4%.
Current consensus DPS estimate is 20.7, implying a prospective dividend yield of 6.9%.
Current consensus EPS estimate suggests the PER is 10.2.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 22.10 cents and EPS of 31.50 cents.
At the last closing share price the estimated dividend yield is 7.34%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.56.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 31.9, implying annual growth of 8.5%.
Current consensus DPS estimate is 23.5, implying a prospective dividend yield of 7.8%.
Current consensus EPS estimate suggests the PER is 9.4.

Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

JHX    JAMES HARDIE INDUSTRIES PLC

Building Products & Services – Overnight Price: $33.98

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

James Hardie Industries has announced that the litigation brought before the Auckland High Court has ended via negotiated commercial agreement.

Costs associated with the agreement will be included in general corporate costs which were not included in the FY23 guidance issued in February. Management has, nevertheless, maintained the guidance range of US$600-620m.

Goldman Sachs believes investor focus will be more likely on FY24 earnings and whether guidance will  be issued at the FY23 result on May 15.

The broker continues to believe James Hardie is capitalising trough earnings, providing cyclical upside. Buy retained. Target is steady at $39.50.

This report was published on April 26, 2023.

Target price is $39.50 Current Price is $33.98 Difference: $5.52
If JHX meets the Goldman Sachs target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $39.50, suggesting upside of 15.5%(ex-dividends)
The company's fiscal year ends in February.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 EPS of 197.23 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 17.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 214.4, implying annual growth of N/A.
Current consensus DPS estimate is 21.3, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 15.9.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 EPS of 175.16 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.40.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 200.2, implying annual growth of -6.6%.
Current consensus DPS estimate is 37.7, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 17.1.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

KGN    KOGAN.COM LIMITED

Retailing – Overnight Price: $4.43

Canaccord Genuity rates ((KGN)) as Hold (3) –

Kogan.com's March-quarter gross sales missed Canaccord Genuity's forecast by -5% as inflation and high interest rates subdued market sentiment, but margins sharply outpaced.

No guidance was forthcoming and the broker expects Kogan will return to its core, higher-margin categories.

The broker now doubts the company will implement its full 10% buyback capacity. Canaccord Genuity observes the balance sheet has recovered and expects competition will ease as sector insolvencies rise.

Hold recommendation retained. Target price rises to $4.10 from $4.

This report was published on April 27, 2023.

Target price is $4.10 Current Price is $4.43 Difference: minus $0.33 (current price is over target).
If KGN meets the Canaccord Genuity target it will return approximately minus 7% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in June.

Forecast for FY23:

Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 6.90 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 64.20.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 4.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 110.75.

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


Jarden rates ((KGN)) as Underweight (4) –

Jarden transfers coverage of Kogan.com to Keegan Booysen and Ben Gilbert. The broker found the March quarter update mixed with sales slightly ahead of estimates, albeit down year-on-year, while the gross margin is improving.

The board has announced a buyback of up to 10% of issued capital, which suggests it is confident going forward. Nevertheless, Jarden has concerns about the sales outlook given the probability of worsening macro conditions and a backdrop where Amazon is growing at more than 20%.

Underweight maintained. Target is reduced to $2.80 from $3.38 amid earnings revisions and changes to risk-free rates.

This report was published on April 26, 2023.

Target price is $2.80 Current Price is $4.43 Difference: minus $1.63 (current price is over target).
If KGN meets the Jarden target it will return approximately minus 37% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in June.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 8.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 51.51.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 221.50.

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

LEL    LITHIUM ENERGY LIMITED

Overnight Price: $0.72

Petra Capital rates ((LEL)) as Buy (1) –

Petra Capital is anticipating the drill program at the Solaroz lithium brine project in Argentina will result in a maiden resource well above the lower-end of Lithium Energy's exploration target.

The broker also sees a potential rebound for lithium pricing in the September quarter on China restocking. It's felt now is the right time for investors to build a position in shares given the maiden resource by September and the significant lithium price leverage of the shares.

Buy. A $2.84 price target is set.

This report was published on April 26, 2023.

Target price is $2.84 Current Price is $0.72 Difference: $2.12
If LEL meets the Petra Capital target it will return approximately 294% (excluding dividends, fees and charges).

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

LLL    LEO LITHIUM LIMITED

New Battery Elements – Overnight Price: $0.52

Canaccord Genuity rates ((LLL)) as Speculative Buy (1) –

Canaccord Genuity believes recent assays at Goulamina suggest resource upgrades, a longer mine life or an upsized Stage 2.

Management advises the project is on schedule and that commissioning is scheduled for the June quarter, 2024.

The broker estimates that capital expenditure costs have risen 50% over 2021 estimates, and believes this may explain the company's low multiple relative to peers.

But with the project mostly funded to production, not to mention industry M&A action, the broker is sanguine, but would appreciate confirmation of a budget, project capex estimate, and timeline. Speculative Buy rating and $1.90 target price retained.

This report was published on April 27, 2023.

Target price is $1.90 Current Price is $0.52 Difference: $1.38
If LLL meets the Canaccord Genuity target it will return approximately 265% (excluding dividends, fees and charges).
The company's fiscal year ends in December.

Forecast for FY23:

Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of 0.00 cents.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 7.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.43.

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

MEI    METEORIC RESOURCES NL

Overnight Price: $0.15

Petra Capital rates ((MEI)) as Buy (1) –

Meteoric Resources has entered into a binding agreement to acquire mining licenses of a significant scale, suggests Petra Capital, which are adjacent to its Caldeira ionic rare earth project in Brazil.

The broker considers this transaction strategically astute, ahead of a maiden resource at the project, which is expected to be of Tier-1 quality.

The licenses are in the most prospective area of the project, including Capao do Mel, where average drill grades exceeded 4,000ppm TREO. These areas have not been tested for rare earths.

TREO is the sum of the oxides of the so-called heavy rare earths elements (HREO) and light rare earths elements (LREO).

Buy. The broker sets a 25c target price.

This report was published on April 26, 2023.

Target price is $0.25 Current Price is $0.15 Difference: $0.095
If MEI meets the Petra Capital target it will return approximately 61% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Petra Capital forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 0.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 31.00.

Forecast for FY24:

Petra Capital forecasts a full year FY24 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 38.75.

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

MMM    MARLEY SPOON SE REGISTERED

Consumer Products & Services – Overnight Price: $0.15

Wilsons rates ((MMM)) as Market Weight (3) –

Marley Spoon's March-quarter result proved mixed, the company narrowing its loss as expected but also posting a fall in sales as household spending tightened, observes Wilsons.

Management revised guidance and while earnings forecasts were steady, the company expects customer frequency to continue to slide, offset by cuts to operating expenditure.

The quarter was an active one on the capital management front, the company announcing several transactions to raise capital and to allow shareholders to transfer their shares into the Frankfurt-listed SPAC at 21c a share. Wilsons expects this will be supported.

Market Weight rating. Target price is 17c, compared with the last entry in the FNArena database in February of 37c, to reflect the recent placement. The broker advises caution given Marley Spoon's capital position and the challenging equity market.

This report was published on April 28, 2023.

Target price is $0.17 Current Price is $0.15 Difference: $0.015
If MMM meets the Wilsons target it will return approximately 10% (excluding dividends, fees and charges).
The company's fiscal year ends in December.

Forecast for FY23:

Wilsons forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 9.82 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 1.58.

Forecast for FY24:

Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 2.15 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 7.22.

This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

PLL    PIEDMONT LITHIUM INC

New Battery Elements – Overnight Price: $0.85

Canaccord Genuity rates ((PLL)) as Speculative Buy (1) –

Piedmont Lithium's recently published definitive feasibility study for the Tennessee Lithium project was largely as expected save for an inflation-driven uptick in capital expenditure (up 41% – a sharp miss on Canaccord Genuity's forecasts) and operational expenditure.

Canaccord Genuity takes this in its stride, expecting strong margins should massage the pain somewhat. 

Construction is scheduled to start in mid 2024, and first production is set for 2026 (the broker had been expecting late 2025).

Meanwhile, the company's North American Lithium Mining joint venture with Sayona Mining ((SYA)) recent published a DFS which met the broker's forecasts, but again capital expenditure and cash cost forecast rose.

First shipments are expected this July, and Canaccord Genuity believes this could trigger a re-rate. Speculative Buy rating and $1.85 target price retained.

This report was published on April 27, 2023.

Target price is $1.85 Current Price is $0.85 Difference: $0.995
If PLL meets the Canaccord Genuity target it will return approximately 116% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of 4.18 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.45.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 8.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.30.

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

PSQ    PACIFIC SMILES GROUP LIMITED

Healthcare services – Overnight Price: $1.38

Wilsons rates ((PSQ)) as Market Weight (3) –

Pacific Smiles reported gross patient fees in FY23 of $216.5m. Wilsons notes the growth rate established so far in the second half is less than the first half but probably sufficient to reach its forecasts for FY23 of $271.3m.

The company provided no quantitative update on earnings, although did maintain EBITDA guidance of $24m. Wilsons has become less nervous about the outlook but notes the stock has experienced a "relief rally" that prices it at fair value.

The broker retains a Market Weight rating and $1.25 target.

This report was published on April 26, 2023.

Target price is $1.25 Current Price is $1.38 Difference: minus $0.13 (current price is over target).
If PSQ meets the Wilsons target it will return approximately minus 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company's fiscal year ends in June.

Forecast for FY23:

Wilsons forecasts a full year FY23 dividend of 1.40 cents and EPS of 2.10 cents.
At the last closing share price the estimated dividend yield is 1.01%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 65.71.

Forecast for FY24:

Wilsons forecasts a full year FY24 dividend of 4.00 cents and EPS of 5.20 cents.
At the last closing share price the estimated dividend yield is 2.90%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.54.

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

SDR    SITEMINDER LIMITED

Travel, Leisure & Tourism – Overnight Price: $3.43

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

At a glance, SiteMinder's March-quarter result missed Wilsons' forecasts by -1% for annual recurring revenue and -4% for revenue. 

On the upside, the company sharply grew net properties, as the post-covid recovery continues.

Wilsons retains its expectation that the company wil reach break-even by the 2024 June quarter.

Overweight rating and $4.53 target price are under review.

This report was published on April 28, 2023.

Target price is $4.53 Current Price is $3.43 Difference: $1.1
If SDR meets the Wilsons target it will return approximately 32% (excluding dividends, fees and charges).
Current consensus price target is $5.59, suggesting upside of 66.9%(ex-dividends)
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 15.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 22.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -15.1, implying annual growth of N/A.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY24:

Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 7.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 45.13.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -7.7, 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: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SEK    SEEK LIMITED

Jobs & Skilled Labour Services – Overnight Price: $24.13

Jarden rates ((SEK)) as Overweight (2) –

Jarden believes Seek will enter a period of higher free cash flow and, in taking face value multiples, investors undervalue the stock by not giving credit to the revenue or earnings of the fund.

Jarden currently values the fund at $6.48 a share but this could be materially higher, depending on the long-term rate of return achieved.

Investors have been disappointed by the lack of free cash flow generated by the business over previous years but the broker assesses, even outside the core, the fund  management business is growing.

Overweight retained. Target is $29.60.

This report was published on April 26, 2023.

Target price is $29.60 Current Price is $24.13 Difference: $5.47
If SEK meets the Jarden target it will return approximately 23% (excluding dividends, fees and charges).
Current consensus price target is $28.28, suggesting upside of 16.1%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 47.70 cents and EPS of 70.70 cents.
At the last closing share price the estimated dividend yield is 1.98%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 34.13.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 71.6, implying annual growth of 50.1%.
Current consensus DPS estimate is 45.7, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 34.0.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 48.10 cents and EPS of 76.90 cents.
At the last closing share price the estimated dividend yield is 1.99%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.38.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 76.1, implying annual growth of 6.3%.
Current consensus DPS estimate is 50.1, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 32.0.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SGP    STOCKLAND

Infra & Property Developers – Overnight Price: $4.50

Jarden rates ((SGP)) as Underweight (4) –

Stockland has reiterated FFO guidance for FY23 of 36.4-37.4c per security and a distribution based on a 75-85% pay-out ratio. There was no change in the FY23 outlook with around 350 site settlements targeted.

Jarden suspects the single biggest hurdle the company is facing is generating residential sales, as developers work through high levels of contracts that are not replenishing. Underweight rating and $3.70 target maintained.

This report was published on April 26, 2023.

Target price is $3.70 Current Price is $4.50 Difference: minus $0.8 (current price is over target).
If SGP meets the Jarden target it will return approximately minus 18% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.41, suggesting downside of -2.0%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Jarden forecasts a full year FY23 dividend of 27.00 cents and EPS of 34.20 cents.
At the last closing share price the estimated dividend yield is 6.00%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 31.9, implying annual growth of -44.9%.
Current consensus DPS estimate is 26.6, implying a prospective dividend yield of 5.9%.
Current consensus EPS estimate suggests the PER is 14.1.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 26.50 cents and EPS of 32.00 cents.
At the last closing share price the estimated dividend yield is 5.89%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 31.2, implying annual growth of -2.2%.
Current consensus DPS estimate is 26.0, implying a prospective dividend yield of 5.8%.
Current consensus EPS estimate suggests the PER is 14.4.

Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SHL    SONIC HEALTHCARE LIMITED

Healthcare services – Overnight Price: $35.80

Goldman Sachs rates ((SHL)) as Sell (5) –

Sonic Healthcare has made two acquisitions in Germany for an aggregate consideration of -EUR370m. The acquisitions are expected to generate FY24 revenues of EUR50m and EUR65m.

The company will be funding the acquisitions from existing cash and debt facilities and both should be immediately accretive.

Also, Goldman Sachs notes US pricing pressures are increasing in 2024 with reimbursement cuts expected to be reintroduced from January.

In addition, pathology volumes in Germany are still well below normal. Sell rating maintained. Target is $30.

This report was published on April 26, 2023.

Target price is $30.00 Current Price is $35.80 Difference: minus $5.8 (current price is over target).
If SHL meets the Goldman Sachs target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $35.24, suggesting downside of -1.8%(ex-dividends)
The company's fiscal year ends in June.

Forecast for FY23:

Goldman Sachs forecasts a full year FY23 EPS of 154.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 153.2, implying annual growth of -49.8%.
Current consensus DPS estimate is 96.0, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 23.4.

Forecast for FY24:

Goldman Sachs forecasts a full year FY24 EPS of 150.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 151.2, implying annual growth of -1.3%.
Current consensus DPS estimate is 106.2, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 23.7.

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

SM1    SYNLAIT MILK LIMITED

Dairy – Overnight Price: $1.46

Jarden rates ((SM1)) as Overweight (2) –

Synlait Milk has made a further profit downgrade with the main source being additional demand reductions from key customer, a2 Milk ((A2M)). Guidance for FY23 net profit is now reduced to a potential loss of -NZ$5m ranging to a potential profit of NZ$5m.

Jarden notes the company has also secured balance sheet waivers to certain debt covenants and confirmed it is not considering an equity raising.

The broker is disappointed to have to rebase earnings lower again but takes some comfort in the key source of the downgrade being largely a change in demand at a2 Milk.

Overweight rating retained. Target price is NZ$2.35.

This report was published on April 26, 2023.

Current Price is $1.46. Target price not assessed.
Current consensus price target is $1.90, suggesting upside of 31.0%(ex-dividends)
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 1.73 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 84.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1.2, 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 120.8.

Forecast for FY24:

Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 12.95 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.1, implying annual growth of 908.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.0.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

SYA    SAYONA MINING LIMITED

New Battery Elements – Overnight Price: $0.20

Canaccord Genuity rates ((SYA)) as Speculative Buy (1) –

Sayona Mining's definitive feasibility study for North American Lithium met Canaccord Genuity's expectations of a 17% increase in NAL's production profile, but costs continued to rise in line with inflation.

The broker also appreciates the company's resource upgrade at Moblan, and expects further sharp increases to come.

Speculative Buy rating and 30c target price retained.

This report was published on April 27, 2023.

Target price is $0.30 Current Price is $0.20 Difference: $0.095
If SYA meets the Canaccord Genuity target it will return approximately 46% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Canaccord Genuity forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 12.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 1.71.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 1.31 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.65.

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

THL    TOURISM HOLDINGS LIMITED

Overnight Price: $3.96

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

Tourism Holdings Rentals will buy Transcold New Zealand, a refrigeration and tail-lift solutions provider for trucks and trailers, for -NZ$5.4m. The deal is expected to be finalised at the of May.

Sitting under the company's Action Manufacturing segment, management describes the purchase as complementary.

Wilsons says the company's manufacturing operations do offer procurement savings through scale; improved expertise in vehicle manufacturing; and attractive returns. 

Overweight rating and $5.48 target price retained.

This report was published on April 28, 2023.

Target price is $5.48 Current Price is $3.96 Difference: $1.52
If THL meets the Wilsons target it will return approximately 38% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Wilsons forecasts a full year FY23 dividend of 6.11 cents and EPS of 24.26 cents.
At the last closing share price the estimated dividend yield is 1.54%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.32.

Forecast for FY24:

Wilsons forecasts a full year FY24 dividend of 24.90 cents and EPS of 34.48 cents.
At the last closing share price the estimated dividend yield is 6.29%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.49.

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


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 experienced, 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.

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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