Just got this in an email...Mon, 6 Nov at 9:45 amMonday, 6...

Just got this in an email...Mon, 6 Nov at 9:45 am

Monday, 6 November 2023

JLG - JOHNS LYNG GROUP LIMITED

Macquarie rates JLG as Outperform (1) - Johns Lyng's most comparable listed peer, according to Macquarie, is US-based FirstService Corp which has just released 3Q results.

This company expects 4Q restoration revenues will be down on the previous corresponding period, due to significant storm-related work in that period, though still anticipates solid day-to-day restoration work.

By comparison, Johns Lyng is not cycling material storm related revenue in the previous corresponding period, notes the analyst.

The Outperform rating and $7.80 target are unchanged.

Target price is $7.80 Current Price is $6.41 Difference: $1.39 If JLG meets the Macquarie target it will return approximately 22% (excluding dividends, fees and charges). Current consensus price target is $7.18, suggesting upside of 11.9%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 10.00 cents and EPS of 21.80 cents . At the last closing share price the estimated dividend yield is 1.56%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 29.40. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 21.4, implying annual growth of 19.3%. Current consensus DPS estimate is 9.5, implying a prospective dividend yield of 1.5%. Current consensus EPS estimate suggests the PER is 30.0.

Forecast for FY25:

Macquarie forecasts a full year FY25 dividend of 11.00 cents and EPS of 23.40 cents . At the last closing share price the estimated dividend yield is 1.72%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 27.39. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.4, implying annual growth of 9.3%. Current consensus DPS estimate is 10.8, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 27.4.

Market Sentiment: 0.8All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources