Interesting Commentary from UBS on this investor day briefing:Tuesday, 11 July 2023
AZJ - AURIZON HOLDINGS LIMITED
UBSrates AZJ as Neutral (3) - UBS expects Aurizon Holdings' July 18-19 investorevent could trigger consensus upgrades and considers an FY23 trading update tobe on the cards.
The broker anticipates a strong FY24 earnings recovery fromFY23's weather-hampered results and sits at the top of consensus. The broker'sFY23 EPS forecast eases to 22c from 23c in June.
Neutral rating retained on valuation grounds. Target price risesto $3.80 from $3.55 a share.
Target price is $3.80 Current Price is $3.85 Difference: minus$0.05 (current price is over target). If AZJ meets the UBS target it willreturn approximately minus 1% (excluding dividends, fees and charges - negativefigures indicate an expected loss). Current consensus price target is $3.96,suggesting upside of 2.8%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY23:
UBS forecasts a full year FY23 dividend of 16.00 cents and EPSof 22.00 cents . At the last closing share price the estimated dividend yieldis 4.16%. At the last closing share price the stock's estimated Price toEarnings Ratio (PER) is 17.50. How do these forecasts compare to marketconsensus projections?
Current consensus EPS estimate is 21.5, implying annual growthof -22.9%. Current consensus DPS estimate is 15.6, implying a prospectivedividend yield of 4.1%. Current consensus EPS estimate suggests the PER is17.9.
Forecast for FY24:
UBS forecasts a full year FY24 dividend of 22.00 cents and EPSof 30.00 cents . At the last closing share price the estimated dividend yieldis 5.71%. At the last closing share price the stock's estimated Price toEarnings Ratio (PER) is 12.83. How do these forecasts compare to marketconsensus projections?
Current consensus EPS estimate is 27.0, implying annual growthof 25.6%. Current consensus DPS estimate is 20.2, implying a prospectivedividend yield of 5.2%. Current consensus EPS estimate suggests the PER is14.3.
Interesting Commentary from UBS on this investor day...
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Last
$3.36 |
Change
-0.030(0.88%) |
Mkt cap ! $6.184B | |||
| Open | High | Low | Value | Volume |
| $3.39 | $3.40 | $3.34 | $26.03M | 7.756M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 60787 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 80597 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |