ALUMINA LIMITED (AWC)
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AWC - ALUMINA LIMITED

FNArena Sector : Aluminium, Bauxite & Alumina
Year End: December
GICS Industry Group : Materials
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Alumina Ltd was formed in 2003 in a de-merger from Western Mining Corp. It conducts no business other than being the owner of a 40% share in a joint venture with Alcoa named Alcoa World Alumina & Chemicals (AWAC).

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.84

07 Dec
2021

0.010

OPEN

$1.85

0.55%

HIGH

$1.85

10,400,108

LOW

$1.81

TARGET
$2.11 14.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
RIO . A4N . CAA .
FNARENA'S MARKET CONSENSUS FORECASTS
AWC: 1
Title FY21
Forecast
FY22
Forecast
EPS (cps) 12.0 xxx
DPS (cps) 11.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 15.4 xxx
Dividend Yield 6.0% xxx
Div Pay Ratio(%) 92.3% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 3.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.32

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: 27/08 - ex-div 4.75c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx7.4
DPS All xxxxxxxxxxxxxxx7.6
Sales/Revenue xxxxxxxxxxxxxxx0.4 M
Book Value Per Share xxxxxxxxxxxxxxx77.5
Net Operating Cash Flow xxxxxxxxxxxxxxx224.3 M
Net Profit Margin xxxxxxxxxxxxxxx48,866.67 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201520162017201820192020
Return on Capital Employed xxxxxxxxxxxxxxx8.90 %
Return on Invested Capital xxxxxxxxxxxxxxx8.59 %
Return on Assets xxxxxxxxxxxxxxx8.58 %
Return on Equity xxxxxxxxxxxxxxx8.90 %
Return on Total Capital xxxxxxxxxxxxxxx-0.72 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-8.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

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$xx.xx

xx.xx%

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xx/xx/xxxx

1

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$xx.xx

xx.xx%

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Credit Suisse

18/10/2021

3

Downgrade to Neutral from Outperform

$1.90

3.26%

A price spike in September did not translate to the September quarter margin from AWAC, given the one-month lag in alumina pricing. As the current price is US$482/t , Credit Suisse increases its December quarter price realisation estimate for Alumina Ltd to US$450/t.

The broker does not believe the current prices is sustainable as supply interruptions should be temporary, although alumina should not return to the low US$300 range.

Credit Suisse does not recommend chasing the stock at the current price and downgrades to Neutral from Outperform. Nevertheless, dividend yields on a 12-month view are expected to be close to 8% and support the current price. Target is $1.90.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 12.77 cents and EPS of 13.13 cents.
Credit Suisse forecasts a full year FY22 dividend of 17.75 cents and EPS of 16.47 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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AWC STOCK CHART