WASHINGTON H SOUL PATTINSON & COMPANY LIMITED (SOL)
Share Price Analysis and Chart

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SOL - WASHINGTON H SOUL PATTINSON & COMPANY LIMITED

FNArena Sector : Diversified Financials
Year End: July
GICS Industry Group : Energy
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Washington H Soul Pattinson is an investment house with a diverse portfolio encompassing multiple industries, including pharmaceuticals, mining, building materials and telecommunications. The company first listed on the Sydney Stock Exchange in 1903. It still owns a controversial cross-shareholding with Brickworks (42.7%/44.23%).

LAST PRICE CHANGE +/- CHANGE % VOLUME

$29.85

03 Mar
2021

-0.170

OPEN

$30.00

-0.57%

HIGH

$30.50

194,210

LOW

$29.40

TARGET
$23.32 -21.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CPU . OFX . SVW . TCN . AUB . MAI . LFG . CNI . PGL . EQT . SZL . IMF . OBL . HMY .
MARKET CONSENSUS FORECAST
SOL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 398.1 20.6 xxx
DPS (cps) xxx 60.0 62.0 xxx
EPS Growth xxx 100.0% - 94.8% xxx
DPS Growth xxx 3.4% 3.3% xxx
PE Ratio xxx N/A 147.6 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx 15.1% 301.0% xxx

Dividend yield today if purchased 3 years ago: 3.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.97

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: 20/11 - 35c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

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

Morgans

28/09/2020

3

Hold

$23.32

-21.88%

Washington H Soul Pattinson & Company released its FY20 result with the headline numbers impacted by several moving parts, explains Morgans. These moving parts included New Hope Corporation ((NHC)) and the TPG Telecom ((TPG))/Vodafone merger.

The company’s investment portfolio remained resilient, in the analyst’s view, outperforming the All Ordinaries index by around 7% in the 12 months to July 31, 2020.

Morgans lowers FY21 and FY22 cash profit (NPAT) by over -35%, mainly due to the cyclical nature of earnings for New Hope and Brickworks ((BKW)).

The broker continues to like the story and the company’s long history of dividend distributions.

The Hold rating is unchanged and the target price is increased to $23.32 from $20.04.

FORECAST
Morgans forecasts a full year FY21 dividend of 62.00 cents and EPS of 20.60 cents.
Morgans forecasts a full year FY22 dividend of 64.50 cents and EPS of 66.60 cents.

SOL STOCK CHART