INCITEC PIVOT LIMITED (IPL)
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IPL - INCITEC PIVOT LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Materials
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Incitec Pivot is an Australian manufacturer of fertilisers and explosives chemicals. It is the largest supplier of fertilisers in Australia and the largest supplier of explosives in the US and Canada. The company was listed in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.80

26 Jan
2021

0.050

OPEN

$2.80

1.82%

HIGH

$2.80

0

LOW

$2.80

TARGET
$2.676 -4.4% downside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . NUF . RHL . RIC . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . WLD . D2O . UMG . TFL .
MARKET CONSENSUS FORECAST
IPL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 7.1 12.5 xxx
DPS (cps) xxx 0.0 5.8 xxx
EPS Growth xxx - 25.3% 75.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 0.0% 46.5% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/11 - 3.4c (30%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Credit Suisse

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

20/01/2021

1

Outperform

$2.82

0.71%

Macquarie highlights fertiliser prices have started the year on a bullish note and there is additional impetus from corn prices which are now the highest in 7 years.

The broker believes the share price should be supported by positive fertiliser price momentum amid tight market conditions and with peak demand still to come. It's considered the potential earnings upside for fertiliser outweighs a potential negative impact from Australian coal.

The analyst lifts FY21 and FY22 EPS estimates by 11% and 5%, respectively. The target price rises to $2.82 from $2.67.

The Outperform rating is unchanged.

FORECAST
Macquarie forecasts a full year FY21 dividend of 4.90 cents and EPS of 13.20 cents.
Macquarie forecasts a full year FY22 dividend of 7.80 cents and EPS of 17.40 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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IPL STOCK CHART