I just got this ...Fri, 20 Aug at 9:27 amFriday, 20 August...

I just got this ...Fri, 20 Aug at 9:27 am

Friday, 20 August 2021

SUL - SUPER RETAIL GROUP LIMITED

Citi rates SUL as Buy (1) - Citi notes a strong result was delivered amid gross margin expansion in FY21. A high level of inventory was procured as a response to ongoing supply chain disruptions, while capital expenditure guidance has been lifted as the store network is built out.

Buy rating and $14.40 target price.

Target price is $14.40 Current Price is $13.20 Difference: $1.2 If SUL meets the Citi target it will return approximately 9% (excluding dividends, fees and charges). Current consensus price target is $13.75, suggesting upside of 4.2%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY22:

Citi forecasts a full year FY22 dividend of 64.00 cents and EPS of 92.10 cents . At the last closing share price the estimated dividend yield is 4.85%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.33. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 91.0, implying annual growth of N/A. Current consensus DPS estimate is 57.7, implying a prospective dividend yield of 4.4%. Current consensus EPS estimate suggests the PER is 14.5.

Forecast for FY23:

Current consensus EPS estimate is 90.8, implying annual growth of -0.2%. Current consensus DPS estimate is 55.7, implying a prospective dividend yield of 4.2%. Current consensus EPS estimate suggests the PER is 14.5.

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