Thursday, 23 September 2021

I just got this...Thu, 23 Sept at 9:32 am



Thursday, 23 September 2021

ALQ - ALS LIMITED

Macquarie rates ALQ as Outperform (1) - Macquarie believes the strong momentum in the first quarter should continue, based on the key indicators. In particular, Latin America has shown a strong improvement.

At its AGM the company also noted tight markets, expecting robust demand will underpin pricing in FY22.

The EUR145m acquisition of a 49% stake in Nuvisan is expected to close shortly and Macquarie suspects, going forward, bolt-on acquisition potential in life science will remain in focus. Outperform rating maintained. Target is $13.80.

Target price is $13.80 Current Price is $12.72 Difference: $1.08 If ALQ meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges). Current consensus price target is $13.13, suggesting upside of 3.2%(ex-dividends)The company's fiscal year ends in March.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 31.10 cents and EPS of 51.50 cents . At the last closing share price the estimated dividend yield is 2.44%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.70. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 51.2, implying annual growth of 43.1%. Current consensus DPS estimate is 28.3, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 24.8.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 34.50 cents and EPS of 57.50 cents . At the last closing share price the estimated dividend yield is 2.71%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.12. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 55.4, implying annual growth of 8.2%. Current consensus DPS estimate is 31.9, implying a prospective dividend yield of 2.5%. Current consensus EPS estimate suggests the PER is 23.0.

Market Sentiment: 0.3All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources