INCITEC PIVOT LIMITED (IPL)
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IPL - INCITEC PIVOT LIMITED

FNArena Sector : Agriculture
Year End: September
GICS Industry Group : Materials
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Incitec Pivot is an Australian manufacturer of fertilisers and explosives chemicals. It is the largest supplier of fertilisers in Australia and the largest supplier of explosives in the US and Canada. The company was listed in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.80

15 Apr
2021

0.010

OPEN

$2.80

0.36%

HIGH

$2.83

4,519,519

LOW

$2.79

TARGET
$3.019 7.8% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . NUF . RHL . RIC . SHV . TFC . APC . AAC . MWY . MRG . NAM . AMN . ABR . WLD . SGL . D2O . UMG . TFL . HFR .
FNARENA'S MARKET CONSENSUS FORECASTS
IPL: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx 7.1 14.8 xxx
DPS (cps) xxx 0.0 6.6 xxx
EPS Growth xxx - 24.7% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.6 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 0.0% 44.6% 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: 29/11 - 3.4c (30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx7.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx3,942 M

EPS Basic

DPS All

Sales/Revenue

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

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

07/04/2021

3

Neutral

$2.70

-3.57%

Even with more issues identified with Waggaman post-completion of the plant’s first planned turnaround in March, Credit Suisse is of the view a mark-to-market of fertiliser price assumptions for the first half more than offsets the expected impact on FY21 earnings.

As a result, Incitec Pivot has guided to an adverse impact of circa -$36m on FY21's operating income. Repairs are underway and the plant is expected to recommence production in mid-April. 

Neutral rating with the target dropping to $2.70 from $2.73.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 5.46 cents and EPS of 10.51 cents.
Credit Suisse forecasts a full year FY22 dividend of 7.15 cents and EPS of 13.76 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IPL STOCK CHART

FNArena News on IPL

1
The Wrap: Telcos, Insurance, REITs, Wealth Platforms

10:00 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 14, 2021

Apr 14 2021 - Daily Market Reports
3
Rudi’s View: Telstra, CSL, Xero & Charter Hall

Apr 09 2021 - Rudi's View
4
Strong Agri Prices Rescue Incitec Pivot

Apr 07 2021 - Australia
5
The Wrap: APRA Tightening, REITs, Rain, Banks

Mar 26 2021 - Weekly Reports

Latest Agriculture News

1
Strong Agri Prices Rescue Incitec Pivot

Apr 07 2021 - Australia
2
Sunny Outlook For Select Harvests

Mar 31 2021 - Australia
3
Bumper Outlook For Elders

Mar 09 2021 - Australia
4
Seasons Greet Nufarm Warmly

Mar 02 2021 - Australia
5
Elders Primed For Strong Year Ahead

Nov 17 2020 - Australia
6
Challenging Year Ahead For Incitec Pivot

Nov 11 2020 - Australia
7
Ag-Stocks: Grass Is Greener In Budget Aftermath

Oct 12 2020 - Commodities
8
Better Earnings Trajectory Ahead For Nufarm

Sep 24 2020 - Australia
9
Treasure Chest: Easier 2021 Ahead For Costa

Sep 21 2020 - Treasure Chest
10
Bumper Harvest On The Table For Graincorp

Sep 09 2020 - Australia