NICK SCALI LIMITED (NCK)
Share Price Analysis and Chart

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NCK - NICK SCALI LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.64
Index: ASX300 | ALL-ORDS

Nick Scali is an Australian importer and retailer of household furniture through a chain of stores across Australia. Founded in 1962 the company listed on the ASX in 2004. Core brands include Nick Scali Furniture, Nick Scali Online, Sofas2Go and Plush.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.04

06 Dec
2023

0.290

OPEN

$10.99

2.70%

HIGH

$11.07

392,410

LOW

$10.80

TARGET
$12.085 9.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADH . BLX . GWA . HVN . JBH . JYC . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
NCK: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 124.8 90.3 xxx
DPS (cps) xxx 75.0 49.6 xxx
EPS Growth xxx 34.9% - 27.6% xxx
DPS Growth xxx 7.1% - 33.9% xxx
PE Ratio xxx N/A 12.2 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 60.1% 54.9% xxx

Dividend yield today if purchased 3 years ago: 8.60%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.79

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: 26/09 - ex-div 35c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx124.8
DPS All xxxxxxxxxxxxxxx75.0
Sales/Revenue xxxxxxxxxxxxxxx507.7 M
Book Value Per Share xxxxxxxxxxxxxxx222.1
Net Operating Cash Flow xxxxxxxxxxxxxxx133.9 M
Net Profit Margin xxxxxxxxxxxxxxx19.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx63.01 %
Return on Invested Capital xxxxxxxxxxxxxxx23.12 %
Return on Assets xxxxxxxxxxxxxxx16.52 %
Return on Equity xxxxxxxxxxxxxxx63.01 %
Return on Total Capital xxxxxxxxxxxxxxx31.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx60.9 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 xxxxxxxxxxxxxxx38 M
Long Term Debt xxxxxxxxxxxxxxx280 M
Total Debt xxxxxxxxxxxxxxx318 M
Goodwill - Gross xxxxxxxxxxxxxxx91 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx89 M
Price To Book Value xxxxxxxxxxxxxxx4.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx12.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx300 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx56 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

20/10/2023

1

Upgrade to Outperform from Neutral

$12.60

14.13%

At its AGM, Nick Scali delivered maiden first half profit guidance down -32% year on year but 14% ahead of Macquarie, who notes the first half FY23 benefited from a significant unwind of the order book.

Written sales orders have improved since July and while store traffic was down -10-15% in the Sep Q, management noted store conversion rates have improved driven by "better value product offerings for both brands".

Management set a longer-term gross margin target of 62-63% but the broker expects higher margins in the near-term driven by ongoing
benefit from group sourcing and reduced freight.

Target rises to $12.60 from $12.20, upgrade to Outperform from Neutral.

FORECAST
Macquarie forecasts a full year FY24 dividend of 49.60 cents and EPS of 90.30 cents.
Macquarie forecasts a full year FY25 dividend of 51.10 cents and EPS of 93.00 cents.
Access Stockbroker Research History >

NCK STOCK CHART

FNArena News on NCK

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 24-11-23

Nov 27 2023 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 03-11-23

Nov 06 2023 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 26, 2023

Oct 26 2023 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 20-10-23

Oct 23 2023 - Weekly 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
5
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