Ann: AGM Presentation, page-38

DOES ANYONE HAVE ANY BROKER'S REPORT, ESPECIALLY THIS ONE BY CANNACCORD G PUBLISHED ON 15TH NOV, APPRECIATED



DGL DGL GROUP LIMITED

Commercial Services & Supplies – Overnight Price: $0.88

Canaccord Genuity rates ((DGL)) as Buy (1) –

DGL Group's AGM trading update met guidance, the company's diverse operations cushioning it from economic headwinds and volatile commodity and a forecast decline in crop production.

Meanwhile, Australian and New Zealand labour markets are easing, observes Canaccord Genuity, the company boasts a strong balance sheet and the company's strategic growth plans are on schedule.

No specific guidance was provided. The buyback has been paused, resulting in a 7% and 5% increase in FY24 and FY25 EPS forecasts.

Buy rating and $1.70 target price retained.

This report was published on November 15, 2023.

Target price is $1.70 Current Price is $0.88 Difference: $0.825

If DGL meets the Canaccord Genuity target it will return approximately 94% (excluding dividends, fees and charges).

Current consensus price target is $0.99, suggesting upside of 12.5%(ex-dividends)

The company's fiscal year ends in June.

Forecast for FY24:

Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 8.30 cents.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.54.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.1, implying annual growth of 19.3%.

Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.

Current consensus EPS estimate suggests the PER is 10.9.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 10.10 cents.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.66.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.6, implying annual growth of 18.5%.

Current consensus DPS estimate is 0.7, implying a prospective dividend yield of 0.8%.

Current consensus EPS estimate suggests the PER is 9.2.

Market Sentiment: 0.7

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