PAC

2.59%

$11.08 pacific current group limited

Ann: Dividend/Distribution - PAC, page-14

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Westwind

678 Posts.

114

30/08/22

22:21

Post #: 63419431

Originally posted by lost ↑

Hi Lost

Latest summary of Ord Minnett's forecast of PAC's performance for the next 2 years following release of Annual Report (per FNARENA):

Ord Minnett rates PAC as Buy (1) -
Underlying FY22 profit for Pacific Current Group was -5% below Ord Minnett's forecast due to a -$1.2m non-cash unrealised mark-to-market loss.

As a result, the broker lowers its EPS forecasts by around -5% over the forecast period, though downgrades are offset by the financial year-end model roll forward. The target price of $11.00 is unchanged.

The 23c final dividend was above the 22c forecast, and it is for this attractive fully-franked yield the analyst retains a Buy rating, (along with a low valuation multiple).

Target price is $11.00 Current Price is $8.54 Difference: $2.46
If PAC meets the Ord Minnett target it will return approximately 29% (excluding dividends, fees and charges).
The company's fiscal year ends in June.

Forecast for FY23:

Column 1

0 Ord Minnett forecasts a full year FY23 dividend of 42.00 cents and EPS of 63.40 cents.At the last closing share price the estimated dividend yield is 4.92%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.47.

Forecast for FY24:

Column 1

0 Ord Minnett forecasts a full year FY24 dividend of 44.50 cents and EPS of 67.70 cents.At the last closing share price the estimated dividend yield is 5.21%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.61.

‐‐-----------------

Looks like OM does not see any quantum jump in earnings or dividends over the next 2 years, but increases of around 5%pa, give or take a bit.

Cheers Westwind

Expand

PAC Price at posting: $8.67 Sentiment: Hold Disclosure: Held

2 Upvote

1 Great analysis

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(20min delay)
Last $11.08		Change 0.280(2.59%)		Mkt cap ! $571.4M

Open	High	Low	Value	Volume
$10.77	$11.08	$10.75	$428.9K	39.46K

Buyers (Bids)

No.	Vol.	Price($)
3	363	$11.00

Sellers (Offers)

Price($)	Vol.	No.
$11.11	112	1

View Market Depth

No.	Vol.	Price($)
2	123	10.650
1	3141	10.610
1	1500	10.400
1	400	10.300
1	106	10.250

Price($)	Vol.	No.
11.580	47	1
12.950	500	1
0.000	0	0
0.000	0	0
0.000	0	0

Last trade - 16.10pm 28/06/2024 (20 minute delay)

PAC (ASX) Chart

Ann: Dividend/Distribution - PAC, page-14

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