ADBRI LIMITED (ABC)
Share Price Analysis and Chart

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ABC - ADBRI LIMITED

FNArena Sector : Building Products & Services
Year End: December
GICS Industry Group : Materials
Index: ASX200 | ASX300 | ALL-ORDS

Adbri, previously known as Adelaide Brighton, is a cement and building materials manufacturer and supplier. It is the largest producer of lime in Australia. It has been a listed company since 1962.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.22

05 Mar
2021

-0.090

OPEN

$3.29

-2.72%

HIGH

$3.33

1,024,103

LOW

$3.18

TARGET
$3.191 -0.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BKW . BLD . CSR . JHX . WGN . FBR . MGH . ACF . FBU . RWC . ITG . JLG . SRG .
MARKET CONSENSUS FORECAST
ABC: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 14.4 17.8 xxx
DPS (cps) xxx 12.0 12.5 xxx
EPS Growth xxx 97.3% 23.6% xxx
DPS Growth xxx 100.0% 4.2% xxx
PE Ratio xxx N/A 18.1 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 83.3% 70.2% xxx

Dividend yield today if purchased 3 years ago: 1.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.73

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: 21/09 - 4.75c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

24/02/2021

5

Underperform

$2.60

-19.25%

Adbri's FY20 net profit is 9% above consensus led by margins and better volume trends in the second half, offset by the price mix. 

The company presented some new high-grade manufacturing options to supply Lynas but Credit Suisse finds them less value accretive as compared to reviving the Munster plant.

The broker expects net profit to rise by 19% in FY21 led by better near-term market, carried forward margins, and -$10m net cost out target in line with Credit Suisse's expectation.

Credit Suisse retains its Underperform rating with the target rising to $2.60 from $2.10.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 12.00 cents and EPS of 17.66 cents.
Credit Suisse forecasts a full year FY22 dividend of 11.00 cents and EPS of 17.25 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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