INVOCARE LIMITED (IVC)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

IVC - INVOCARE LIMITED

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

InvoCare is the largest operator of funeral homes, cemeteries and crematoria in Australia and New Zealand, with operations in Singapore. Created in 2001, it floated on the ASX in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.68

20 Mar
2023

-0.050

OPEN

$11.60

-0.43%

HIGH

$11.71

401,510

LOW

$11.50

TARGET
$11.798 1.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MMM . WES . ALD . PFP .
FNARENA'S MARKET CONSENSUS FORECASTS
IVC: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx - 1.3 35.9 xxx
DPS (cps) xxx 24.5 24.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 16.7% - 0.1% xxx
PE Ratio xxx N/A 32.5 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx N/A 68.1% xxx

Dividend yield today if purchased 3 years ago: 1.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.09

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: 01/09 - ex-div 13.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-1.3
DPS All xxxxxxxxxxxxxxx24.5
Sales/Revenue xxxxxxxxxxxxxxx588.9 M
Book Value Per Share xxxxxxxxxxxxxxx380.2
Net Operating Cash Flow xxxxxxxxxxxxxxx69.7 M
Net Profit Margin xxxxxxxxxxxxxxx-0.31 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-0.32 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.20 %
Return on Assets xxxxxxxxxxxxxxx-0.10 %
Return on Equity xxxxxxxxxxxxxxx-0.32 %
Return on Total Capital xxxxxxxxxxxxxxx6.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-29.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

08/03/2023

3

Downgrade to Hold from Add

$12.19

4.37%

Having previously accumulated a near 18% interest in InvoCare, TPG global has launched an indicative bid to acquire the remainder of the company for $12.65/share, a 41% premium to the previous closing price.

Morgans notes the offer price is well above InvoCare's peer median FY23 EV/EBITDA multiple of 11.1x. The offer is at 15.2x, which is above the company's average over the past ten years of 13.9x and shy of the highest point of 16.6x in December 2017.

The analyst assigns a 70% probability the transaction proceeds.

The broker raises its target to $12.19 from $11.10 and lowers its rating to Hold from Add on valuation.

FORECAST
Morgans forecasts a full year FY23 dividend of 22.00 cents and EPS of 32.00 cents.
Morgans forecasts a full year FY24 dividend of 22.00 cents and EPS of 32.00 cents.

UBS

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

IVC STOCK CHART

FNArena News on IVC

1
Australian Broker Call *Extra* Edition – Mar 15, 2023

Mar 15 2023 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 10-03-23

Mar 14 2023 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 03-03-23

Mar 06 2023 - Weekly Reports
4
FNArena Corporate Results Monitor – 28-02-2023

Feb 28 2023 - Australia
5
Rudi’s View: AUB Group, Endeavour, Lottery Corp & Suncorp

Feb 10 2023 - Rudi's View

Latest Consumer Products & Services News

1
Treasury Wine Targets Younger Consumers

Mar 15 2023 - Australia
2
Ovato Integration Lifts Growth Outlook For IVE Group

Mar 09 2023 - Small Caps
3
Food Producers Versus Inflation: Who’s Winning?

Mar 01 2023 - Small Caps
4
Lottery Corp Enjoys A Win

Feb 27 2023 - Australia
5
PeopleIN Undervalued, Brokers Find

Feb 22 2023 - Small Caps
6
PWR Holdings Excited About Aerospace Potential

Feb 21 2023 - Small Caps
7
Mobile Momentum Drives Telstra

Feb 20 2023 - Australia
8
GUD Holdings’ Result A Confidence Booster

Feb 17 2023 - Small Caps
9
Carsales: Ready For More Growth

Feb 16 2023 - Australia
10
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia