1 November 2021

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    I just got this ...Mon, 1 Nov at 9:37 am


    Monday, 1 November 2021

    GWA - GWA GROUP LIMITED

    Macquarie rates GWA as Outperform (1) - The first quarter trading update revealed Australian sales were up 6% while New Zealand sales were down -32%. The latter was affected by the 5-week impact from lockdowns. A strong rebound has occurred in NZ sales in late September.

    Macquarie believes the buoyant renovations market should continue for some time and the backlog of new building work has been extended through supply chain constraints.

    Outperform retained. Target is raised to $3.30 from $3.25.

    Target price is $3.30 Current Price is $2.72 Difference: $0.58 If GWA meets the Macquarie target it will return approximately 21% (excluding dividends, fees and charges). Current consensus price target is $3.21, suggesting upside of 17.8%(ex-dividends)The company's fiscal year ends in June.

    Forecast for FY22:

    Macquarie forecasts a full year FY22 dividend of 16.00 cents and EPS of 18.00 cents . At the last closing share price the estimated dividend yield is 5.88%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.11. How do these forecasts compare to market consensus projections?

    Current consensus EPS estimate is 17.7, implying annual growth of 33.5%. Current consensus DPS estimate is 14.0, implying a prospective dividend yield of 5.1%. Current consensus EPS estimate suggests the PER is 15.4.

    Forecast for FY23:

    Macquarie forecasts a full year FY23 dividend of 14.00 cents and EPS of 22.60 cents . At the last closing share price the estimated dividend yield is 5.15%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.04. How do these forecasts compare to market consensus projections?

    Current consensus EPS estimate is 20.2, implying annual growth of 14.1%. Current consensus DPS estimate is 14.4, implying a prospective dividend yield of 5.3%. Current consensus EPS estimate suggests the PER is 13.5.

    Market Sentiment: 0.5All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

 
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(20min delay)
Last
$2.59
Change
0.020(0.78%)
Mkt cap ! $686.8M
Open High Low Value Volume
$2.60 $2.63 $2.58 $592.9K 228.2K

Buyers (Bids)

No. Vol. Price($)
1 19589 $2.55
 

Sellers (Offers)

Price($) Vol. No.
$2.62 218 1
View Market Depth
Last trade - 16.19pm 05/09/2025 (20 minute delay) ?
GWA (ASX) Chart
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