ADAIRS LIMITED (ADH)
Share Price Analysis and Chart

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ADH - ADAIRS LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.13
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.39

27 Sep
2023

0.010

OPEN

$1.36

0.72%

HIGH

$1.39

344,577

LOW

$1.35

TARGET
$1.583 13.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BLX . GWA . HVN . JBH . JYC . NCK . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
ADH: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 22.0 17.0 xxx
DPS (cps) xxx 0.0 6.0 xxx
EPS Growth xxx - 16.6% - 22.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 8.2 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 0.0% 35.4% 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

Last ex-div: 20/03 - ex-div 8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx22.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx621.3 M
Book Value Per Share xxxxxxxxxxxxxxx116.9
Net Operating Cash Flow xxxxxxxxxxxxxxx108.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.09 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx18.92 %
Return on Invested Capital xxxxxxxxxxxxxxx8.48 %
Return on Assets xxxxxxxxxxxxxxx6.19 %
Return on Equity xxxxxxxxxxxxxxx18.92 %
Return on Total Capital xxxxxxxxxxxxxxx14.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx68.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx49 M
Long Term Debt xxxxxxxxxxxxxxx231 M
Total Debt xxxxxxxxxxxxxxx280 M
Goodwill - Gross xxxxxxxxxxxxxxx179 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx26 M
Price To Book Value xxxxxxxxxxxxxxx1.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx12.3 M
Capex % of Sales xxxxxxxxxxxxxxx1.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx501 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx47 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

22/08/2023

3

Neutral

$1.65

18.71%

Adairs delivered FY23 sales and EBIT in line with recent guidance. UBS notes the lack of a final dividend appeared to surprise the market, given the company's track record, but considering the concerns regarding leverage believes the decision was the right one.

The trading update for the first half of FY24 was soft, as expected. The broker recognises the stock appears "somewhat cheap" but retains a Neutral rating on the basis of challenging earnings visibility and operational risk, as the company takes control of its national distribution centre from September. Target is reduced to $1.65 from $1.80.

FORECAST
UBS forecasts a full year FY24 dividend of 0.00 cents and EPS of 13.00 cents.
UBS forecasts a full year FY25 dividend of 15.00 cents and EPS of 21.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

ADH STOCK CHART

FNArena News on ADH

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 23, 2023

Aug 23 2023 - Daily Market Reports
3
Rudi’s View: Resilience Shines, Forecasts Slide

Aug 23 2023 - Rudi's View
4
FNArena Corporate Results Monitor – 22-08-2023

Aug 22 2023 - Australia
5
Australian Broker Call *Extra* Edition – Aug 03, 2023

Aug 03 2023 - Daily Market Reports

Latest Furniture & Renovation News

1
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
2
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
3
Nick Scali Worth Watching

Dec 20 2022 - Technicals
4
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest
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Temple & Webster Outperforming Peers

Feb 11 2022 - Australia
6
Nick Scali Settles On Plush Sofas

Oct 06 2021 - Small Caps
7
Re-Rating In View As Beacon Lighting Expands

Aug 23 2021 - Small Caps
8
Satisfied Customers Boost Temple & Webster

Jul 28 2021 - Small Caps
9
Temple & Webster Sets The Scene Online

Mar 16 2021 - Australia
10
Nick Scali Seated Comfortably For 2021

Feb 09 2021 - Small Caps