AUSNET SERVICES (AST)
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AST - AUSNET SERVICES

FNArena Sector : Infrastructure & Utilities
Year End: March
GICS Industry Group : Utilities
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

AusNet Services is an Australian electricity and gas transmission company, operating primarily in Victoria. It is also listed on the Singapore exchange, being 32.3% owned by Singapore Power. State Grid of China owns 19.9%. The rest is publicly owned.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.79

17 May
2021

-0.010

OPEN

$1.82

-0.56%

HIGH

$1.83

3,316,525

LOW

$1.79

TARGET
$1.853 3.5% upside
Franking for last dividend paid out: 40%
OTHER COMPANIES IN THE SAME SECTOR
AGL . APA . ENE . EPW . ALX . ORG . SKI . SYD . TCL . NEW . MEZ . AIA . DBI . DBI . GNP . CEN . SRJ .
FNARENA'S MARKET CONSENSUS FORECASTS
AST: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 8.0 7.5 xxx
DPS (cps) xxx 9.5 9.7 xxx
EPS Growth xxx 2.0% - 6.3% xxx
DPS Growth xxx - 6.9% 2.5% xxx
PE Ratio xxx N/A 23.8 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 118.2% 129.2% xxx

Dividend yield today if purchased 3 years ago: 5.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.31

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: 16/11 - 4.75c (40%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx8.0
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx1,920.6 M
Book Value Per Share xxxxxxxxxxxxxxx90.4
Net Operating Cash Flow xxxxxxxxxxxxxxx824.5 M
Net Profit Margin xxxxxxxxxxxxxxx15.73 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

13/05/2021

3

Equal-weight

$1.88

5.03%

FY21 earnings before interest, taxes, depreciation and amortisation after leases (EBITDAaL) was -3% below Morgan Stanley's estimate, owing to a non-recurring -$31m impairment of geospatial software.

Regulated assets generated earnings (EBITDA) -2% below the broker's estimate, including around $18-20m of volume outperformance.

Unregulated business (Growth & Future Networks) delivered EBITDAaL (includes lease income) -7% below the analyst's forecast on non-recurring items. Morgan Stanley retains an Equal-weight rating and a $1.88 target. Industry view: Cautious.

FORECAST
Morgan Stanley forecasts a full year FY22 EPS of 7.00 cents.
Morgan Stanley forecasts a full year FY23 EPS of 8.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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AST STOCK CHART