PACIFIC CURRENT GROUP LIMITED (ASX:PAC) - Ann: Dividend/Distribution - PAC, 63419395, page-13 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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$10.22 pacific current group limited

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Westwind

675 Posts.

114

30/08/22

22:18

Post #: 63419395

Originally posted by lost ↑

Hi Lost

Latest summary of Ord Minnett's forecast of PAC's performance for the next 2 years following release of Annual Report (per FNARENA):

Ord Minnett rates PAC as Buy (1) -
Underlying FY22 profit for Pacific Current Group was -5% below Ord Minnett's forecast due to a -$1.2m non-cash unrealised mark-to-market loss.

As a result, the broker lowers its EPS forecasts by around -5% over the forecast period, though downgrades are offset by the financial year-end model roll forward. The target price of $11.00 is unchanged.

The 23c final dividend was above the 22c forecast, and it is for this attractive fully-franked yield the analyst retains a Buy rating, (along with a low valuation multiple).

Target price is $11.00 Current Price is $8.54 Difference: $2.46
If PAC meets the Ord Minnett target it will return approximately 29% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Column 1

0 Ord Minnett forecasts a full year FY23 dividend of 42.00 cents and EPS of 63.40 cents.At the last closing share price the estimated dividend yield is 4.92%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.47.

Forecast for FY24:

Column 1

0 Ord Minnett forecasts a full year FY24 dividend of 44.50 cents and EPS of 67.70 cents.At the last closing share price the estimated dividend yield is 5.21%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.61.

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Looks like OM does not see any quantum jump in earnings or dividends over the next 2 years, but increases of around 5%pa, give or take a bit.

Cheers Westwind

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