METCASH LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.89 AUD | -0.26% |
|
+0.52% | +11.46% |
| Apr. 26 | Australian Competition Regulator Clears Metcash’s Proposed Acquisition of Food Distributor | MT |
| Apr. 08 | Australia supermarkets should face hefty fines for code of conduct breach, says report | RE |
Valuation
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,610 | 2,531 | 3,629 | 4,625 | 3,766 | 4,246 | - | - |
| Enterprise Value (EV) 1 | 2,695 | 2,444 | 3,505 | 4,814 | 5,165 | 5,798 | 6,167 | 6,243 |
| P/E ratio | 13.9 x | -40.2 x | 15.2 x | 19.2 x | 14.6 x | 14.9 x | 14 x | 12.9 x |
| Yield | 4.7% | 5.02% | 4.93% | 4.49% | 5.77% | 5.16% | 5.21% | 5.5% |
| Capitalization / Revenue | 0.21 x | 0.19 x | 0.25 x | 0.3 x | 0.24 x | 0.27 x | 0.24 x | 0.23 x |
| EV / Revenue | 0.21 x | 0.19 x | 0.24 x | 0.32 x | 0.33 x | 0.36 x | 0.35 x | 0.34 x |
| EV / EBITDA | 6.98 x | 4.97 x | 6.2 x | 7.43 x | 7.64 x | 8.54 x | 8.1 x | 7.74 x |
| EV / FCF | 14.5 x | 43.6 x | 8.99 x | 15.5 x | 23.4 x | 31 x | 24 x | 18 x |
| FCF Yield | 6.92% | 2.29% | 11.1% | 6.45% | 4.27% | 3.22% | 4.17% | 5.54% |
| Price to Book | 2.15 x | 1.67 x | 2.84 x | 4.28 x | 3.51 x | 2.83 x | 2.66 x | 2.44 x |
| Nbr of stocks (in thousands) | 909,257 | 1,016,400 | 1,022,363 | 965,542 | 965,542 | 1,091,554 | - | - |
| Reference price 2 | 2.870 | 2.490 | 3.550 | 4.790 | 3.900 | 3.890 | 3.890 | 3.890 |
| Announcement Date | 6/23/19 | 6/21/20 | 6/27/21 | 6/26/22 | 6/25/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,660 | 13,025 | 14,315 | 15,165 | 15,803 | 15,996 | 17,873 | 18,454 |
| EBITDA 1 | 386.4 | 492.1 | 565.1 | 648.2 | 675.8 | 678.7 | 761.4 | 807.1 |
| EBIT 1 | 330 | 334.9 | 401.4 | 472.3 | 500.8 | 487.2 | 547.1 | 576.4 |
| Operating Margin | 2.61% | 2.57% | 2.8% | 3.11% | 3.17% | 3.05% | 3.06% | 3.12% |
| Earnings before Tax (EBT) 1 | 276.1 | 14.4 | 341.8 | 358.2 | 376.5 | 387.1 | 435.5 | 470.5 |
| Net income 1 | 192.8 | -56.8 | 239 | 245.4 | 259 | 266.1 | 300.5 | 326.2 |
| Net margin | 1.52% | -0.44% | 1.67% | 1.62% | 1.64% | 1.66% | 1.68% | 1.77% |
| EPS 2 | 0.2070 | -0.0620 | 0.2330 | 0.2500 | 0.2680 | 0.2619 | 0.2784 | 0.3024 |
| Free Cash Flow 1 | 186.4 | 56 | 389.9 | 310.6 | 220.6 | 186.8 | 257 | 346.2 |
| FCF margin | 1.47% | 0.43% | 2.72% | 2.05% | 1.4% | 1.17% | 1.44% | 1.88% |
| FCF Conversion (EBITDA) | 48.24% | 11.38% | 69% | 47.92% | 32.64% | 27.52% | 33.75% | 42.89% |
| FCF Conversion (Net income) | 96.68% | - | 163.14% | 126.57% | 85.17% | 70.2% | 85.49% | 106.11% |
| Dividend per Share 2 | 0.1350 | 0.1250 | 0.1750 | 0.2150 | 0.2250 | 0.2006 | 0.2028 | 0.2138 |
| Announcement Date | 6/23/19 | 6/21/20 | 6/27/21 | 6/26/22 | 6/25/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: April | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,290 | 6,736 | 7,060 | 7,256 | 7,151 | 8,014 | 7,738 | 8,066 | 7,838 | 8,188 | 8,021 | 8,349 |
| EBITDA | 179.3 | 312.8 | 280.9 | 284.2 | 316.2 | 332 | 341 | 334.8 | 340.8 | - | - | - |
| EBIT 1 | 149.7 | 185.2 | 203 | 198.4 | 231.2 | 241.1 | 255.1 | 245.7 | 246.5 | 225.1 | 239.2 | 235.4 |
| Operating Margin | 2.38% | 2.75% | 2.88% | 2.73% | 3.23% | 3.01% | 3.3% | 3.05% | 3.15% | 2.75% | 2.98% | 2.82% |
| Earnings before Tax (EBT) | - | - | - | - | 185.9 | - | - | - | - | - | - | - |
| Net income | -146.5 | 89.7 | 125.1 | 113.9 | 128.8 | 116.6 | 125.7 | 133.3 | 141 | - | - | - |
| Net margin | -2.33% | 1.33% | 1.77% | 1.57% | 1.8% | 1.45% | 1.62% | 1.65% | 1.8% | - | - | - |
| EPS | - | - | 0.1220 | 0.1110 | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.0600 | 0.0650 | 0.0800 | 0.0950 | 0.1050 | 0.1100 | 0.1150 | 0.1100 | 0.1100 | - | - | - |
| Announcement Date | 12/4/19 | 6/21/20 | 12/6/20 | 6/27/21 | 12/5/21 | 6/26/22 | 12/4/22 | 6/25/23 | 12/3/23 | - | - | - |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: April | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 85.7 | - | - | 189 | 1,399 | 1,551 | 1,921 | 1,997 |
| Net Cash position 1 | - | 86.7 | 125 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2218 x | - | - | 0.2916 x | 2.07 x | 2.286 x | 2.523 x | 2.474 x |
| Free Cash Flow 1 | 186 | 56 | 390 | 311 | 221 | 187 | 257 | 346 |
| ROE (net income / shareholders' equity) | 16.4% | 15.3% | 19.2% | 25.4% | 28.6% | 23.1% | 21.4% | 20.8% |
| ROA (Net income/ Total Assets) | 5.74% | 4.75% | 5.01% | 5.96% | 5.81% | 4.77% | 5.09% | 5.08% |
| Assets 1 | 3,356 | -1,195 | 4,774 | 4,115 | 4,456 | 5,583 | 5,910 | 6,422 |
| Book Value Per Share 2 | 1.340 | 1.490 | 1.250 | 1.120 | 1.110 | 1.380 | 1.460 | 1.590 |
| Cash Flow per Share 2 | 0.2600 | 0.1300 | 0.4600 | 0.4400 | 0.3800 | 0.3600 | 0.3700 | 0.4300 |
| Capex 1 | 58.5 | 61.5 | 85.6 | 122 | 373 | 193 | 226 | 228 |
| Capex / Sales | 0.46% | 0.47% | 0.6% | 0.8% | 2.36% | 1.21% | 1.26% | 1.23% |
| Announcement Date | 6/23/19 | 6/21/20 | 6/27/21 | 6/26/22 | 6/25/23 | - | - | - |
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
3.89
AUD
Average target price
4.212
AUD
Spread / Average Target
+8.27%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.46% | 2.77B | |
| -0.24% | 7.58B | |
| 0.00% | 2.23B | |
| +55.77% | 1.84B | |
| +14.03% | 1.34B | |
| +72.08% | 1.13B | |
| -1.52% | 967M | |
| +5.92% | 851M | |
| -12.14% | 560M | |
| -1.36% | 523M |
- Stock Market
- Equities
- MTS Stock
- Financials Metcash Limited
