CLEAN SEAS SEAFOOD LIMITED (CSS)
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CSS - CLEAN SEAS SEAFOOD LIMITED

FNArena Sector : Aquaculture
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: -0.53
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.46

25 Sep
2023

-0.005

OPEN

$0.47

-1.08%

HIGH

$0.48

72,436

LOW

$0.46

TARGET
$0.60 30.4% upside
OTHER COMPANIES IN THE SAME SECTOR
MCA . SFG .
FNARENA'S MARKET CONSENSUS FORECASTS
CSS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 3.6 0.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 31.2% - 89.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 115.0 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx69.4 M
Book Value Per Share xxxxxxxxxxxxxxx52.6
Net Operating Cash Flow xxxxxxxxxxxxxxx1.2 M
Net Profit Margin xxxxxxxxxxxxxxx8.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.15 %
Return on Invested Capital xxxxxxxxxxxxxxx6.82 %
Return on Assets xxxxxxxxxxxxxxx5.75 %
Return on Equity xxxxxxxxxxxxxxx7.15 %
Return on Total Capital xxxxxxxxxxxxxxx-18.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx7 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6 M
Price To Book Value xxxxxxxxxxxxxxx0.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx5.0 M
Capex % of Sales xxxxxxxxxxxxxxx7.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx83 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

30/08/2023

1

Speculative Buy

$0.60

30.43%

Clean Seas Seafood reported a weaker than expected FY23 operating result. An earnings loss of -$3.7m compares to a loss of -$4.8m in FY22, Bell Potter notes, and principally reflects the benefit of higher selling prices with lower volumes and higher costs being the offsetting drivers.

Pricing and demand are expected to remain strong, management expects to maintain harvest volumes in a range of 10-15% and expects to drive further efficiencies to offset input cost pressures.

The broker has reassessed assumptions around long-term target margins, which reflect persistently elevated feed costs, resulting in a fall in target to 60c from 71c.

A return to volume growth in FY24 and the benefit of investment in automation are expected to continue to deliver improved earnings. Speculative Buy retained.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.40 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.80 cents.
Access Stockbroker Research History >

CSS STOCK CHART

FNArena News on CSS

1
FNArena Corporate Results Monitor – 30-08-2023

Aug 30 2023 - Australia
2
Australian Broker Call *Extra* Edition – Mar 06, 2023

Mar 06 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 02, 2023

Feb 02 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Nov 04, 2022

Nov 04 2022 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Nov 02, 2022

Nov 02 2022 - Daily Market Reports

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