UNITED MALT GROUP LIMITED (UMG)
Share Price Analysis and Chart

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UMG - UNITED MALT GROUP LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Food, Beverage & Tobacco
Index: ASX200 | ASX300 | ALL-ORDS

United Malt Group is a commercial maltster with 13 processing plants in North America, Australia and the UK. It was acquired by GrainCorp in 2009 and de-merged and listed on the ASX in 2020.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.02

21 Sep
2021

-0.010

OPEN

$4.01

-0.25%

HIGH

$4.06

1,281,019

LOW

$4.00

TARGET
$4.745 18.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . IPL . NUF . RHL . RIC . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . ABR . WLD . SGL . D2O . TFL . HFR . LGL .
FNARENA'S MARKET CONSENSUS FORECASTS
UMG: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 16.9 12.4 xxx
DPS (cps) xxx 3.9 7.5 xxx
EPS Growth xxx - 24.7% - 26.5% xxx
DPS Growth xxx N/A 92.2% xxx
PE Ratio xxx N/A 32.7 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 23.1% 60.5% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.96

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: 02/06 - 2c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 2017201820192020
EPS Basic xxxxxxxxx16.9
DPS All xxxxxxxxx3.9
Sales/Revenue xxxxxxxxx1,289.1 M
Book Value Per Share xxxxxxxxx344.7
Net Operating Cash Flow xxxxxxxxx101.7 M
Net Profit Margin xxxxxxxxx3.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2017201820192020
Return on Assets xxxxxxxxx2.50 %
Return on Equity xxxxxxxxx6.31 %
Return on Total Capital xxxxxxxxx7.37 %
Capex xxxxxxxxx59.5 M
Capex % of Sales xxxxxxxxx4.62 %
Free Cash Flow ex dividends xxxxxxxxx43.6 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

02/09/2021

1

Outperform

$4.51

12.19%

Macquarie reduces its FY21 EPS forecast by -22% reflecting reduced company guidance for underlying earnings (EBITDA) of $123-
128m and underlying profit of $36-41m.

The FY22 EPS estimate falls -8% due to a slower forecast covid recovery in FY22 (mainly Asia and Australia), and -$10m in SaaS expenses that were previously expected to be capitalised, explains the analyst.

The target price falls to $4.51 from $4.90 and the Outperform rating is unchanged. Macquarie notes the transformation program will likely support an earnings recovery with targeted $30m annualised net benefits by FY24.

FORECAST
Macquarie forecasts a full year FY21 dividend of 6.10 cents and EPS of 12.90 cents.
Macquarie forecasts a full year FY22 dividend of 13.50 cents and EPS of 22.40 cents.

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UMG STOCK CHART