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Another update ... Mon, 2 Aug at 9:33 am

Monday, 2 August 2021

SDF - STEADFAST GROUP LIMITED

Credit Suisse rates SDF as Outperform (1) - Ahead of the results on August 20, Credit Suisse is forecasting net profit before minorities of $151.3m and a final dividend of 6.5c. The company had upgraded guidance following an "excellent" third quarter and this suggests to the broker that activity is accelerating.

The broker continues to envisage upside risk from organic tailwinds, notwithstanding some cost catch up in the fourth quarter. Outperform rating and $4.60 target maintained.

Target price is $4.60 Current Price is $4.44 Difference: $0.16 If SDF meets the Credit Suisse target it will return approximately 4% (excluding dividends, fees and charges). Current consensus price target is $4.67, suggesting upside of 5.2%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY21:

Credit Suisse forecasts a full year FY21 dividend of 11.00 cents and EPS of 18.00 cents . At the last closing share price the estimated dividend yield is 2.48%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.67. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.7, implying annual growth of N/A. Current consensus DPS estimate is 11.2, implying a prospective dividend yield of 2.5%. Current consensus EPS estimate suggests the PER is 25.1.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 12.00 cents and EPS of 19.00 cents . At the last closing share price the estimated dividend yield is 2.70%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.37. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.0, implying annual growth of 7.3%. Current consensus DPS estimate is 12.2, implying a prospective dividend yield of 2.7%. Current consensus EPS estimate suggests the PER is 23.4.

Market Sentiment: 0.9All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources