Macquarie upgrades its forecasts, based on GNC's update. Now forecasting:
FY2022
Revenue: $6.02b
EBITDA: $519m
NPAT: $268m ($1.19/share)
Dividend: 27cps
FY2023
Revenue: $4.75b
EBITDA: $295m
NPAT: $117m (53c/share)
Dividend: 26cps
Its valuation and 12-month target price is $9.48.
I think Macquarie's dividend forecasts are light given expected npat, but they might be expecting ongoing share buybacks (remember that a $50m buy back is to commence this month ...).
Ann: FY22 Earnings Guidance, page-20
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Last
$8.95 |
Change
-0.005(0.06%) |
Mkt cap ! $2.013B | |||
| Open | High | Low | Value | Volume |
| $9.03 | $9.06 | $8.91 | $1.684M | 187.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 475 | $8.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.95 | 3703 | 34 |
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| Last trade - 13.00pm 14/08/2024 (20 minute delay) ? |
| GNC (ASX) Chart |