METCASH LIMITED (MTS)
Share Price Analysis and Chart

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MTS - METCASH LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: April
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.34
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Metcash is an Australian conglomerate marketing produce, alcohol, hardware and other consumer goods. Its brands include IGA, Mitre 10 and The Bottle O. Originally founded in 1927 by Joe David, it became a listed entity in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.60

06 Dec
2023

0.080

OPEN

$3.54

2.27%

HIGH

$3.64

5,571,678

LOW

$3.53

TARGET
$4.00 11.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . ING . LRK . MBH . MCL . MMM . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
MTS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 26.8 28.5 xxx
DPS (cps) xxx 22.5 20.9 xxx
EPS Growth xxx 7.4% 6.3% xxx
DPS Growth xxx 4.7% - 7.1% xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 83.9% 73.3% xxx

Dividend yield today if purchased 3 years ago: 6.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.23

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: 18/07 - ex-div 11c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx26.8
DPS All xxxxxxxxxxxxxxx22.5
Sales/Revenue xxxxxxxxxxxxxxx15,803.4 M
Book Value Per Share xxxxxxxxxxxxxxx111.2
Net Operating Cash Flow xxxxxxxxxxxxxxx372.7 M
Net Profit Margin xxxxxxxxxxxxxxx1.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx24.05 %
Return on Invested Capital xxxxxxxxxxxxxxx11.62 %
Return on Assets xxxxxxxxxxxxxxx4.90 %
Return on Equity xxxxxxxxxxxxxxx24.05 %
Return on Total Capital xxxxxxxxxxxxxxx18.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx84.2 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 xxxxxxxxxxxxxxx316 M
Long Term Debt xxxxxxxxxxxxxxx1,172 M
Total Debt xxxxxxxxxxxxxxx1,489 M
Goodwill - Gross xxxxxxxxxxxxxxx1,593 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx90 M
Price To Book Value xxxxxxxxxxxxxxx3.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx152.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.96 %
Cost of Goods Sold xxxxxxxxxxxxxxx15,043 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx301 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx124 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

05/12/2023

1

Buy

$4.10

13.89%

Metcash has reported on its first half, with UBS noting its food and liquor segments performed better than the broker had expected, while hardware disappointed. While underlying earnings of $247m declined -3% year-on-year, net profit of $141m increased 12%.

Earnings from the food segment lifted 4% and liquor lifted 3%, while hardware declined -5% largely on a -12% decline from Independent Hardware Group (IHG). UBS points to both slower sales and activity and rising costs to explain the hardware result.

The Buy rating is retained and the target price decreases to $4.10 from $4.25.

FORECAST
UBS forecasts a full year FY24 dividend of 20.00 cents and EPS of 28.00 cents.
UBS forecasts a full year FY25 dividend of 20.00 cents and EPS of 28.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MTS STOCK CHART

FNArena News on MTS

1
FNArena Corporate Results Monitor – 06-12-2023

Dec 06 2023 - Australia
2
Next Week At A Glance – 4-8 Dec 2023

Dec 01 2023 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
4
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus
5
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View

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