I just got this ... Thu, 27 Jan at 9:49 amThursday, 27 January...

I just got this ... Thu, 27 Jan at 9:49 am



Thursday, 27 January 2022

ALL - ARISTOCRAT LEISURE LIMITED

Credit Suisse rates ALL as Outperform (1) - As tensions between the Ukraine and Russia escalate, Credit Suisse assesses Aristocrat Leisure's exposure to the region and finds it to be minimal given there is no land-based gaming in the region.

The broker estimates the company employs 2,100 staff in the region who mostly work for the Digital division, Pixel United, and notes that six of its 17 digital studios are based in the area, which contributes 2% of Pixel United's revenue and 1% of group revenue.

Outperform rating and $49 target price are retained.

Target price is $49.00 Current Price is $40.45 Difference: $8.55 If ALL meets the Credit Suisse target it will return approximately 21% (excluding dividends, fees and charges). Current consensus price target is $49.73, suggesting upside of 22.9%(ex-dividends)The company's fiscal year ends in September.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 69.00 cents and EPS of 154.00 cents . At the last closing share price the estimated dividend yield is 1.71%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.27. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 153.5, implying annual growth of 19.8%. Current consensus DPS estimate is 61.6, implying a prospective dividend yield of 1.5%. Current consensus EPS estimate suggests the PER is 26.4.

Forecast for FY23:

Credit Suisse forecasts a full year FY23 dividend of 78.00 cents and EPS of 173.00 cents . At the last closing share price the estimated dividend yield is 1.93%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.38. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 187.4, implying annual growth of 22.1%. Current consensus DPS estimate is 76.2, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 21.6.

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