- Commentary below from Bell Potter. I have also forecast 1c EPS - great to see the professionals on the same page. PE of 13 by the way based on 1cps earnings.
- COMMENTARY
Bell Potter initiates coverage of Australia's largest multi-brand retail food franchise owner in Quick Service Restaurants (QSR) and coffee, Retail Food, with a Buy rating and 13c target.
The analysts believe net growth in overall store count will resume in FY24, along with add-on revenues from QSR stores and a ramp-
up in organic growth, which is planned for the US market.These opportunities are capital light and should improve free cash flow conversion, explains the broker. Retail Food is expected to remain resilient in the current consumer slowdown phase due to a low average transaction value (below $9.00 ex pizza).
FORECAST
Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of 0.30 cents.
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 1.00 cents.
It's time to buy Retail Food Group A$0.13/Share Price Target ?, page-7
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Last
$1.97 |
Change
-0.015(0.76%) |
Mkt cap ! $123.6M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.94 | $34.72K | 17.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 109 | 1 |
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| Last trade - 15.59pm 25/07/2025 (20 minute delay) ? |
| RFG (ASX) Chart |