Australian Broker Call

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September 16, 2021

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COMPANIES DISCUSSED IN THIS ISSUE

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

Last Updated: 05:00 PM

Your daily news report on the latest recommendation, valuation, forecast and opinion changes.

This report includes concise but limited reviews of research recently published by Stockbrokers, 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.

For more info about the different terms used by stockbrokers, as well as the different methodologies behind similar sounding ratings, download our guide HERE

ALG  ARDENT LEISURE GROUP LIMITED

Travel, Leisure & Tourism

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Overnight Price: $1.49

Citi rates ALG as Buy (1) -

Citi suspects the performance of Main Event has slowed slightly although sales remain strong and should more than offset cost pressures.

Significantly, sales growth should mean the net debt position improves and this may affect how much cash the company can receive, should RedBird exercise its option for an additional 27% stake.

Citi maintains a Buy rating and $1.80 target.

Target price is $1.80 Current Price is $1.49 Difference: $0.31
If ALG meets the Citi target it will return approximately 21% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 6.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 24.43.

Forecast for FY23:

Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 2.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 53.21.

Market Sentiment: 1.0

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

BHP  BHP GROUP LIMITED

Bulks

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Overnight Price: $40.26

UPDATED

Morgan Stanley rates BHP as No Rating (-1) -

Morgan Stanley notes the presentation on Jansen, with stage 1 having been approved, focused on the accretive potential of stages 2-4. The company expects these stages will have significantly lower capital intensity and this will translate into superior returns.

Moreover, future phases are largely de-risked because of the shaft capacity that is being put in place for the current stage. The broker notes the company is highly confident in its firmed up budget of US$5.7bn for the Jansen stage 1.

The broker aligns its base case with the budget and expects spending is likely to peak in 2025/26. Morgan Stanley does not have a rating or target at present. Industry view is Attractive.

Current Price is $40.26. Target price not assessed.

Current consensus price target is $47.23, suggesting upside of 16.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Morgan Stanley forecasts a full year FY22 dividend of 371.11 cents and EPS of 562.65 cents.
At the last closing share price the estimated dividend yield is 9.22%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 565.5, implying annual growth of N/A.

Current consensus DPS estimate is 396.8, implying a prospective dividend yield of 9.8%.

Current consensus EPS estimate suggests the PER is 7.2.

Forecast for FY23:

Morgan Stanley forecasts a full year FY23 dividend of 224.79 cents and EPS of 327.22 cents.
At the last closing share price the estimated dividend yield is 5.58%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.30.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 400.7, implying annual growth of -29.1%.

Current consensus DPS estimate is 282.8, implying a prospective dividend yield of 7.0%.

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: 0.3

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

BPT  BEACH ENERGY LIMITED

Crude Oil

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Overnight Price: $1.07

UPDATED

Macquarie rates BPT as Neutral (3) -

Macquarie assesses the final investment decision on Moomba CCS is due shortly and, while Beach Energy has made good progress, real emission reductions will be harder to achieve.

That said, the broker considers the project a compelling opportunity and as Moomba is expanded the company may be able to apply offsets to emissions from other assets.

Moreover, when Otway and Waitsia are delivered the business will have a strong, resilient cash flow. Neutral maintained. Target is raised to $1.12 from $1.10.

Target price is $1.12 Current Price is $1.07 Difference: $0.05
If BPT meets the Macquarie target it will return approximately 5% (excluding dividends, fees and charges).

Current consensus price target is $1.42, suggesting upside of 28.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 2.10 cents and EPS of 21.50 cents.
At the last closing share price the estimated dividend yield is 1.96%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 4.98.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.4, implying annual growth of 25.4%.

Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 1.8%.

Current consensus EPS estimate suggests the PER is 6.3.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 2.20 cents and EPS of 14.40 cents.
At the last closing share price the estimated dividend yield is 2.06%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.43.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 15.2, implying annual growth of -12.6%.

Current consensus DPS estimate is 2.4, implying a prospective dividend yield of 2.2%.

Current consensus EPS estimate suggests the PER is 7.2.

Market Sentiment: 0.7

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

BXB  BRAMBLES LIMITED

Transportation & Logistics

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Overnight Price: $11.00

Credit Suisse rates BXB as Outperform (1) -

In the second day of the investor briefing management has signalled the trial of 5,000 GPS-tagged pallets in Ireland achieved a tenfold return on the investment. Brambles is using GPS-tagged pallets to identify where the losses and unauthorised usage occur.

The company is trialling a plastic pallet conversion with Costco, which has 10% of the Brambles' pallet business in the US.

After the conclusion of the presentations, Credit Suisse downgrades FY22 and FY23 EBIT forecast by -5-6%. The broker retains an Outperform rating and reduces the target to $13.25 from $14.15.

Target price is $13.25 Current Price is $11.00 Difference: $2.25
If BXB meets the Credit Suisse target it will return approximately 20% (excluding dividends, fees and charges).

Current consensus price target is $12.40, suggesting upside of 12.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 39.09 cents and EPS of 53.29 cents.
At the last closing share price the estimated dividend yield is 3.55%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.64.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 54.1, implying annual growth of N/A.

Current consensus DPS estimate is 32.6, implying a prospective dividend yield of 2.9%.

Current consensus EPS estimate suggests the PER is 20.5.

Forecast for FY23:

Credit Suisse forecasts a full year FY23 dividend of 43.28 cents and EPS of 59.02 cents.
At the last closing share price the estimated dividend yield is 3.93%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.64.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 59.3, implying annual growth of 9.6%.

Current consensus DPS estimate is 36.0, implying a prospective dividend yield of 3.3%.

Current consensus EPS estimate suggests the PER is 18.7.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.5

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


UPDATED

Morgans rates BXB as Hold (3) -

The Brambles investor briefing has focused on transformation that will require significant investment in both operating and capital expenditure. FY22 guidance is weaker than Morgans expected, with the company targeting constant FX revenue growth of 5-6%.

There will be US$50m spent in FY22 on the transformation, to drive a step change in earnings growth from FY23 onwards.

Morgans finds the business defensive and the balance sheet healthy yet highlights the uncertainty around the Costco plastic pallet trials and maintains a Hold rating. Target is reduced to $11.04 from $12.23.

Target price is $11.04 Current Price is $11.00 Difference: $0.04
If BXB meets the Morgans target it will return approximately 0% (excluding dividends, fees and charges).

Current consensus price target is $12.40, suggesting upside of 12.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Morgans forecasts a full year FY22 dividend of 27.93 cents and EPS of 51.88 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 21.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 54.1, implying annual growth of N/A.

Current consensus DPS estimate is 32.6, implying a prospective dividend yield of 2.9%.

Current consensus EPS estimate suggests the PER is 20.5.

Forecast for FY23:

Morgans forecasts a full year FY23 dividend of 30.59 cents and EPS of 57.20 cents.
At the last closing share price the estimated dividend yield is 2.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 59.3, implying annual growth of 9.6%.

Current consensus DPS estimate is 36.0, implying a prospective dividend yield of 3.3%.

Current consensus EPS estimate suggests the PER is 18.7.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.5

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

NEA  NEARMAP LIMITED

Software & Services

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Overnight Price: $1.92

UPDATED

Morgan Stanley rates NEA as Overweight (1) -

Morgan Stanley highlights Nearmap as one of the stocks where it has become more bullish after the reporting season. Gross margin lifted to record levels in both geographies as new business accelerated. Sales efficiency has also improved with churn down to 7% from 10%.

The broker notes the company typically provides a trading update and guidance at its AGM in November and a clear message regarding FY23 operating leverage would be well received. Morgan Stanley retains an Overweight rating, $3.20 target and In-Line industry view.

Target price is $3.20 Current Price is $1.92 Difference: $1.28
If NEA meets the Morgan Stanley target it will return approximately 67% (excluding dividends, fees and charges).

Current consensus price target is $2.58, suggesting upside of 35.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Morgan Stanley forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 7.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 27.43.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -4.2, 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 N/A.

Forecast for FY23:

Morgan Stanley forecasts a full year FY23 EPS of minus 0.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 640.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 0.8, implying annual growth of N/A.

Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.

Current consensus EPS estimate suggests the PER is 238.7.

Market Sentiment: 0.3

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

OSH  OIL SEARCH LIMITED

NatGas

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Overnight Price: $3.82

Credit Suisse rates OSH as Neutral (3) -

Credit Suisse now considers the valuation of Oil Search tied to Santos ((STO)), with the latter now likely to emerge with growth across four geographical locations, namely PNG, Northern Territory, Western Australia and CCS/Alaska along with synergy upside.

The broker envisages, while there is upside to valuation, much of the growth is priced in and there are risks on the political front, particularly in PNG. The broker retains a Neutral rating and raises the target to $4.38 from $3.89.

Target price is $4.38 Current Price is $3.82 Difference: $0.56
If OSH meets the Credit Suisse target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $4.60, suggesting upside of 17.9% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY21:

Credit Suisse forecasts a full year FY21 dividend of 11.65 cents and EPS of 25.83 cents.
At the last closing share price the estimated dividend yield is 3.05%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.79.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.4, implying annual growth of N/A.

Current consensus DPS estimate is 12.2, implying a prospective dividend yield of 3.1%.

Current consensus EPS estimate suggests the PER is 14.2.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 17.55 cents and EPS of 39.00 cents.
At the last closing share price the estimated dividend yield is 4.59%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.79.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 34.2, implying annual growth of 24.8%.

Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 4.0%.

Current consensus EPS estimate suggests the PER is 11.4.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.5

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

RHC  RAMSAY HEALTH CARE LIMITED

Healthcare services

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Overnight Price: $68.15

UPDATED

Macquarie rates RHC as Outperform (1) -

Macquarie reviews the valuation of Ramsay Health Care and finds hidden value. The broker highlights the Australian property portfolio as well as upside to the operations which it believes are not reflected in the current share price.

Medium-term, the outlook is favourable with the deployment of capital into growth initiatives expected to support an improved market position over the longer term. Outperform rating and $75.50 target maintained.

Target price is $75.50 Current Price is $68.15 Difference: $7.35
If RHC meets the Macquarie target it will return approximately 11% (excluding dividends, fees and charges).

Current consensus price target is $69.54, suggesting upside of 0.2% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 121.00 cents and EPS of 220.40 cents.
At the last closing share price the estimated dividend yield is 1.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.92.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 212.7, implying annual growth of 10.1%.

Current consensus DPS estimate is 139.1, implying a prospective dividend yield of 2.0%.

Current consensus EPS estimate suggests the PER is 32.6.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 158.00 cents and EPS of 288.10 cents.
At the last closing share price the estimated dividend yield is 2.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.65.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 273.4, implying annual growth of 28.5%.

Current consensus DPS estimate is 163.1, implying a prospective dividend yield of 2.4%.

Current consensus EPS estimate suggests the PER is 25.4.

Market Sentiment: 0.1

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

S32  SOUTH32 LIMITED

Mining

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Overnight Price: $3.37

Citi rates S32 as Buy (1) -

As also reported yesterday, commodity analysts at Citi have responded to rapidly changing market dynamics for aluminium by raising their price forecasts.

Citi's aluminium price forecasts are now for an average of US$2,475/t in 2021 and US$3,010/t in 2022, from respectively US$2,450/t and US$2,765/t prior.

Also noteworthy, the analysts believe spot aluminium prices can touch US$2,900/t in 0-3 month and US$3,100/t in 6-12 months as structural supply constraints spur on traders and speculators.

On revised forecasts, South32 remains a Buy while the price target moves to $3.80 from $3.50.

Target price is $3.80 Current Price is $3.37 Difference: $0.43
If S32 meets the Citi target it will return approximately 13% (excluding dividends, fees and charges).

Current consensus price target is $3.66, suggesting upside of 4.2% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 21.28 cents and EPS of 41.37 cents.
At the last closing share price the estimated dividend yield is 6.32%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.15.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 31.5, implying annual growth of N/A.

Current consensus DPS estimate is 14.5, implying a prospective dividend yield of 4.1%.

Current consensus EPS estimate suggests the PER is 11.1.

Forecast for FY23:

Citi forecasts a full year FY23 dividend of 25.27 cents and EPS of 49.22 cents.
At the last closing share price the estimated dividend yield is 7.50%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.85.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 31.8, implying annual growth of 1.0%.

Current consensus DPS estimate is 17.5, implying a prospective dividend yield of 5.0%.

Current consensus EPS estimate suggests the PER is 11.0.

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

SLR  SILVER LAKE RESOURCES LIMITED

Gold & Silver

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Overnight Price: $1.40

Morgan Stanley rates SLR as Equal-weight (3) -

Silver Lake Resources has posted a strong 18% increase in reserves albeit from lower grade Mount Monger. Nevertheless, Morgan Stanley expects FY22 will present more opportunity to extend resources and reserves at Deflector, which is higher grade.

Equal-weight rating retained. Industry view: Attractive. Target is $1.75.

Target price is $1.75 Current Price is $1.40 Difference: $0.35
If SLR meets the Morgan Stanley target it will return approximately 25% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY22:

Morgan Stanley forecasts a full year FY22 dividend of 0.00 cents and EPS of 9.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.56.

Forecast for FY23:

Morgan Stanley forecasts a full year FY23 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 20.00.

Market Sentiment: 0.5

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

STO  SANTOS LIMITED

NatGas

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Overnight Price: $6.26

Credit Suisse rates STO as Neutral (3) -

Credit Suisse believes Santos will have a higher-quality asset base after its merger with Oil Search and ample upside for synergies. The company could also be differentiated by LNG and its weighting to Asia-Pacific compared with its global peers.

The main catalysts are more detail on the progress of Papua LNG, exploration results in Northern Territory, and any implications from the possible carve-out of infrastructure. Credit Suisse retains a Neutral rating and reduces the target to $6.98 from $7.08.

Target price is $6.98 Current Price is $6.26 Difference: $0.72
If STO meets the Credit Suisse target it will return approximately 12% (excluding dividends, fees and charges).

Current consensus price target is $8.01, suggesting upside of 25.5% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY21:

Credit Suisse forecasts a full year FY21 dividend of 10.85 cents and EPS of 49.50 cents.
At the last closing share price the estimated dividend yield is 1.73%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.65.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 49.8, implying annual growth of N/A.

Current consensus DPS estimate is 14.9, implying a prospective dividend yield of 2.3%.

Current consensus EPS estimate suggests the PER is 12.8.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 17.28 cents and EPS of 73.54 cents.
At the last closing share price the estimated dividend yield is 2.76%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.51.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 61.1, implying annual growth of 22.7%.

Current consensus DPS estimate is 18.4, implying a prospective dividend yield of 2.9%.

Current consensus EPS estimate suggests the PER is 10.4.

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

STX  STRIKE ENERGY LIMITED

NatGas

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Overnight Price: $0.30

Macquarie rates STX as Outperform (1) -

Strike Energy has signed an MOU with Infinite Blue and ATCO to secure additional hydrogen for Project Haber urea. Macquarie observes the company is pursuing a net zero plan that will enhance its ESG profile and reduce dependence on imported urea.

Strike Energy requires 141,000tpa of hydrogen to run its urea plant in the Perth Basin and initially this will largely be sourced from Greater Erregulla natural gas feedstock.

Over time, as green hydrogen becomes available at lower prices from operators nearby, the company should be able to increase its green hydrogen ratio to 70% and Project Haber would become one of the largest industrial consumers of green hydrogen in Australia.

Macquarie retains an Outperform rating and $0.60 target.

Target price is $0.60 Current Price is $0.30 Difference: $0.3
If STX meets the Macquarie target it will return approximately 100% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

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

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 37.50.

Market Sentiment: 1.0

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

WPL  WOODSIDE PETROLEUM LIMITED

NatGas

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Overnight Price: $20.53

Credit Suisse rates WPL as Outperform (1) -

Credit Suisse believes Woodside Petroleum is likely to emerge with a fully funded growth profile after the merger with BHP Group's ((BHP)) petroleum division. This could mean the business attracts more investors into Australia as a viable alternative energy exposure to Santos ((STO)).

The primary driver of the merger is also the de-risking of Scarborough. Credit Suisse continues to envisage value in Woodside Petroleum and maintains an Outperform rating, reducing the target to $27.65 from $27.95.

Target price is $27.65 Current Price is $20.53 Difference: $7.12
If WPL meets the Credit Suisse target it will return approximately 35% (excluding dividends, fees and charges).

Current consensus price target is $25.91, suggesting upside of 23.0% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY21:

Credit Suisse forecasts a full year FY21 dividend of 135.67 cents and EPS of 174.25 cents.
At the last closing share price the estimated dividend yield is 6.61%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.78.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 164.8, implying annual growth of N/A.

Current consensus DPS estimate is 115.2, implying a prospective dividend yield of 5.5%.

Current consensus EPS estimate suggests the PER is 12.8.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 159.62 cents and EPS of 203.51 cents.
At the last closing share price the estimated dividend yield is 7.77%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.09.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 178.8, implying annual growth of 8.5%.

Current consensus DPS estimate is 111.4, implying a prospective dividend yield of 5.3%.

Current consensus EPS estimate suggests the PER is 11.8.

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

Today's Price Target Changes
Company Last Price Broker New Target Prev Target Change
BPT Beach Energy $1.10 Macquarie 1.12 1.10 1.82%
BXB Brambles $11.07 Credit Suisse 13.25 14.15 -6.36%
Morgans 11.04 12.23 -9.73%
OSH Oil Search $3.90 Credit Suisse 4.38 3.89 12.60%
S32 South32 $3.51 Citi 3.80 3.50 8.57%
SLR Silver Lake Resources $1.40 Morgan Stanley 1.75 1.80 -2.78%
STO Santos $6.38 Credit Suisse 6.98 7.08 -1.41%
WPL Woodside Petroleum $21.06 Credit Suisse 27.65 27.95 -1.07%
Summaries
ALG Ardent Leisure Buy - Citi Overnight Price $1.49
BHP BHP Group No Rating - Morgan Stanley Overnight Price $40.26
BPT Beach Energy Neutral - Macquarie Overnight Price $1.07
BXB Brambles Outperform - Credit Suisse Overnight Price $11.00
Hold - Morgans Overnight Price $11.00
NEA Nearmap Overweight - Morgan Stanley Overnight Price $1.92
OSH Oil Search Neutral - Credit Suisse Overnight Price $3.82
RHC Ramsay Health Care Outperform - Macquarie Overnight Price $68.15
S32 South32 Buy - Citi Overnight Price $3.37
SLR Silver Lake Resources Equal-weight - Morgan Stanley Overnight Price $1.40
STO Santos Neutral - Credit Suisse Overnight Price $6.26
STX Strike Energy Outperform - Macquarie Overnight Price $0.30
WPL Woodside Petroleum Outperform - Credit Suisse Overnight Price $20.53
RATING SUMMARY
Rating No. Of Recommendations
1. Buy

7

3. Hold

5

Thursday 16 September 2021

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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.