GWA GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.6 AUD | -3.70% |
|
+3.59% | +16.07% |
| Feb. 19 | GWA Group Shares Climb 7% as Firm Raises Interim Dividend on Higher H1 FY24 Profit | MT |
| Feb. 19 | Transcript : GWA Group Limited, H1 2024 Earnings Call, Feb 19, 2024 |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 902.7 | 731.1 | 734.6 | 521.1 | 464.1 | 689.5 | - | - |
| Enterprise Value (EV) 1 | 1,041 | 948.8 | 904.6 | 719 | 633.2 | 802.1 | 786.3 | 773 |
| P/E ratio | 9.55 x | 16.8 x | 21 x | 14.9 x | 10.9 x | 15.1 x | 14.2 x | 13.5 x |
| Yield | 5.41% | 4.15% | 4.51% | 7.63% | 7.43% | 5.4% | 5.63% | 5.96% |
| Capitalization / Revenue | 2.36 x | 1.83 x | 1.81 x | 1.24 x | 1.13 x | 1.68 x | 1.61 x | 1.52 x |
| EV / Revenue | 2.73 x | 2.38 x | 2.23 x | 1.72 x | 1.54 x | 1.95 x | 1.83 x | 1.71 x |
| EV / EBITDA | 12.6 x | 10.3 x | 10.2 x | 7.6 x | 7.11 x | 8.59 x | 8.02 x | 7.5 x |
| EV / FCF | 19.6 x | 18.6 x | 12.1 x | 62.1 x | 8.96 x | 13.6 x | 13.7 x | 13.1 x |
| FCF Yield | 5.1% | 5.37% | 8.26% | 1.61% | 11.2% | 7.33% | 7.33% | 7.63% |
| Price to Book | 2.41 x | 2.63 x | 2.47 x | 1.72 x | 1.52 x | 2.23 x | 2.16 x | 2.08 x |
| Nbr of stocks (in thousands) | 263,948 | 263,948 | 265,205 | 265,205 | 265,205 | 265,205 | - | - |
| Reference price 2 | 3.420 | 2.770 | 2.770 | 1.965 | 1.750 | 2.600 | 2.600 | 2.600 |
| Announcement Date | 8/18/19 | 8/16/20 | 8/15/21 | 8/14/22 | 8/13/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 381.7 | 398.7 | 405.7 | 418.7 | 411.8 | 410.4 | 429 | 453.2 |
| EBITDA 1 | 82.3 | 92.2 | 88.4 | 94.6 | 89.1 | 93.36 | 98.01 | 103 |
| EBIT 1 | 77.4 | 71.84 | 68.48 | 74.85 | 70.45 | 74.45 | 78.57 | 83.22 |
| Operating Margin | 20.28% | 18.02% | 16.88% | 17.88% | 17.11% | 18.14% | 18.31% | 18.36% |
| Earnings before Tax (EBT) 1 | 64.88 | 61.65 | 50.93 | 52.44 | 60.97 | 64 | 66 | 70 |
| Net income 1 | 94.96 | 43.89 | 35.06 | 35.18 | 43.16 | 45.2 | 47.96 | 51.45 |
| Net margin | 24.88% | 11.01% | 8.64% | 8.4% | 10.48% | 11.01% | 11.18% | 11.35% |
| EPS 2 | 0.3580 | 0.1650 | 0.1320 | 0.1320 | 0.1610 | 0.1725 | 0.1837 | 0.1932 |
| Free Cash Flow 1 | 53.04 | 50.91 | 74.71 | 11.58 | 70.66 | 58.8 | 57.6 | 59 |
| FCF margin | 13.89% | 12.77% | 18.41% | 2.77% | 17.16% | 14.33% | 13.43% | 13.02% |
| FCF Conversion (EBITDA) | 64.45% | 55.21% | 84.52% | 12.24% | 79.31% | 62.98% | 58.77% | 57.26% |
| FCF Conversion (Net income) | 55.85% | 116% | 213.13% | 32.92% | 163.74% | 130.09% | 120.09% | 114.68% |
| Dividend per Share 2 | 0.1850 | 0.1150 | 0.1250 | 0.1500 | 0.1300 | 0.1403 | 0.1464 | 0.1550 |
| Announcement Date | 8/18/19 | 8/16/20 | 8/15/21 | 8/14/22 | 8/13/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Junio | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 206.3 | 192 | 197.2 | 208.5 | 201.3 | 207.1 | - | - | 207.8 | - | - |
| EBITDA 1 | 48.1 | 44 | 42.2 | 46.2 | - | - | - | - | 47 | - | - |
| EBIT 1 | 37.5 | 34 | 32.08 | 36.4 | 35.62 | 34.11 | - | - | 37.3 | - | - |
| Operating Margin | 18.18% | 17.71% | 16.26% | 17.46% | 17.69% | 16.47% | - | - | 17.95% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 23.6 | 20 | 18.5 | 16.56 | - | 21.33 | 21.83 | 23.23 | 23.4 | 23 | 25 |
| Net margin | 11.44% | 10.42% | 9.38% | 7.94% | - | 10.3% | - | - | 11.26% | - | - |
| EPS 2 | 0.0890 | 0.0760 | 0.0700 | 0.0620 | - | - | - | 0.0870 | 0.0880 | - | - |
| Dividend per Share 2 | 0.0800 | 0.0350 | 0.0600 | 0.0650 | - | - | - | - | 0.0700 | - | - |
| Announcement Date | 2/16/20 | 8/16/20 | 2/15/21 | 8/15/21 | 2/14/22 | 2/19/23 | 8/13/23 | 2/18/24 | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: Junio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 138 | 218 | 170 | 198 | 169 | 113 | 96.8 | 83.5 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.678 x | 2.36 x | 1.923 x | 2.092 x | 1.898 x | 1.206 x | 0.9874 x | 0.8103 x |
| Free Cash Flow 1 | 53 | 50.9 | 74.7 | 11.6 | 70.7 | 58.8 | 57.6 | 59 |
| ROE (net income / shareholders' equity) | 14.6% | 15.5% | 14.7% | 15.7% | 14.6% | 14.9% | 15.4% | 15.9% |
| ROA (Net income/ Total Assets) | 8.84% | 6.42% | 6.08% | 6.78% | 6.33% | 6.69% | 7.06% | 7.33% |
| Assets 1 | 1,074 | 683.8 | 576.3 | 518.7 | 681.6 | 675.2 | 679.4 | 701.8 |
| Book Value Per Share 2 | 1.420 | 1.050 | 1.120 | 1.150 | 1.150 | 1.160 | 1.200 | 1.250 |
| Cash Flow per Share 2 | 0.2100 | 0.2300 | 0.2900 | 0.0500 | 0.2700 | 0.2400 | 0.2400 | 0.2500 |
| Capex 1 | 3.14 | 10 | 5.15 | 2.41 | 2.2 | 3.6 | 5.26 | 7.5 |
| Capex / Sales | 0.82% | 2.52% | 1.27% | 0.58% | 0.53% | 0.88% | 1.23% | 1.66% |
| Announcement Date | 8/18/19 | 8/16/20 | 8/15/21 | 8/14/22 | 8/13/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.6
AUD
Average target price
2.54
AUD
Spread / Average Target
-2.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.07% | 450M | |
| +12.87% | 40.33B | |
| +3.17% | 30.34B | |
| +12.41% | 22.89B | |
| +28.21% | 19.09B | |
| +4.28% | 15.38B | |
| +9.35% | 9.84B | |
| -2.57% | 9.32B | |
| +10.03% | 7.75B | |
| -12.31% | 7.37B |
- Stock Market
- Equities
- GWA Stock
- Financials GWA Group Limited
