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Thursday, 18 November 2021
ALQ - ALS LIMITED
Credit Suisse rates ALQ as Outperform (1) -
Credit Suisse expects ALS' share price will continue to perform given earnings improvement potential. The company highlighted continuing robust trading conditions, and despite supply chain constraints it continues to add capacity where it can.
Credit Suisse expects the company can exceed profit after tax guidance, and is guiding to $257 compared to top end of guidance of $252m.
The Outperform rating is retained and the target price increases to $14.70 from $14.10.
Target price is $14.70 Current Price is $13.58 Difference: $1.12 If ALQ meets the Credit Suisse target it will return approximately 8% (excluding dividends, fees and charges). Current consensus price target is $13.52, suggesting downside of -0.5%(ex-dividends)The company's fiscal year ends in March.
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 32.04 cents and EPS of 53.06 cents . At the last closing share price the estimated dividend yield is 2.36%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.59. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 51.9, implying annual growth of 45.1%. Current consensus DPS estimate is 29.7, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 26.2.
Forecast for FY23:
Credit Suisse forecasts a full year FY23 dividend of 35.27 cents and EPS of 58.35 cents . At the last closing share price the estimated dividend yield is 2.60%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.27. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 57.2, implying annual growth of 10.2%. Current consensus DPS estimate is 33.4, implying a prospective dividend yield of 2.5%. Current consensus EPS estimate suggests the PER is 23.7.
Market Sentiment: 0.3All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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