I just got this ...Mon, 28 June at 9:32 amMonday, 28 June 2021
ASB - AUSTAL LIMITED
Credit Suisse rates ASB as Outperform (1) - Management has downgraded FY21 guidance amid pandemic-related restrictions and resource challenges as well as the ASIC proceedings.
Still recent contracts in the US enable Austal to demonstrate its capabilities and Credit Suisse believes these contracts provide evidence of the company's stance in the US defence market.
Credit Suisse cuts FY21 EBIT estimates by -7% to $116m, within the guidance range of $112-118m, because of risks to throughput across Australia and the Philippines. Outperform rating and $2.75 target maintained.
Target price is $2.75 Current Price is $2.06 Difference: $0.69 If ASB meets the Credit Suisse target it will return approximately 33% (excluding dividends, fees and charges). Current consensus price target is $2.80, suggesting upside of 35.9%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY21:
Credit Suisse forecasts a full year FY21 dividend of 8.25 cents and EPS of 22.97 cents . At the last closing share price the estimated dividend yield is 4.00%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.97. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 22.4, implying annual growth of -10.3%. Current consensus DPS estimate is 8.4, implying a prospective dividend yield of 4.1%. Current consensus EPS estimate suggests the PER is 9.2.
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 12.13 cents and EPS of 24.14 cents . At the last closing share price the estimated dividend yield is 5.89%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.53. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 20.3, implying annual growth of -9.4%. Current consensus DPS estimate is 9.4, implying a prospective dividend yield of 4.6%. Current consensus EPS estimate suggests the PER is 10.1.
Market Sentiment: 0.8All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
