FWIW, Macquarie released a new research note about GNC today. Quick summary:
- Macquarie changes its valuation methodology again. Now values GNC on a combination of asset replacement value and through-the-cycle sum of the parts.
- On this basis, it increases its valuation from $9.08 to $10.13.
- However due to forecast El Nino and forecast lower oilseed crush margins, it reduces its EPS and dividend forecasts. Now forecasting:
> FY23 eps $1.11, div 47c
> FY24 eps 50c, div 35c
> FY25 eps 42c, div 30c.
- Also notes the expected >$100m to be received from sale of UMG stake.
- Expects the expansion of oilseed crush capacity to take 3 years.
- 12mpt $10.13. Outperform.
FWIW, Macquarie released a new research note about GNC today....
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Last
$7.82 |
Change
-0.070(0.89%) |
Mkt cap ! $1.738B | |||
| Open | High | Low | Value | Volume |
| $7.90 | $7.94 | $7.82 | $8.694M | 1.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8791 | $7.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.87 | 7432 | 2 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| GNC (ASX) Chart |