BSL - BLUESCOPE STEEL LIMITED
Macquarie rates BSL as Outperform (1) - The company has upgraded expectations for the first half. Macquarie expects 50% growth in earnings, owing to cost reductions, better margins and including the impact of the North Star acquisition.
The broker upgrades FY16 and FY17 estimates by 26% and 3.0% respectively. Macquarie notes strong progress is being made in re-positioning the Australian steel making operation. Outperform retained. Target is raised to $5.90 from $4.60.
Target price is $5.90 Current Price is $5.00 Difference: $0.9 If BSL meets the Macquarie target it will return approximately 18% (excluding dividends, fees and charges). Current consensus price target is $5.45, suggesting upside of 9.0%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY16:
Macquarie forecasts a full year FY16 dividend of 8.00 cents and EPS of 31.70 cents . At the last closing share price the estimated dividend yield is 1.60%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.77. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.7, implying annual growth of 30.5%.Current consensus DPS estimate is 10.0, implying a prospective dividend yield of 2.0%.Current consensus EPS estimate suggests the PER is 15.8.Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 10.00 cents and EPS of 50.00 cents . At the last closing share price the estimated dividend yield is 2.00%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.00. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 39.3, implying annual growth of 24.0%.Current consensus DPS estimate is 9.9, implying a prospective dividend yield of 2.0%.Current consensus EPS estimate suggests the PER is 12.7.
Market Sentiment: 1.0 All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
IFM - INFOMEDIA LTD
BSL Price at posting:
$5.00 Sentiment: Buy Disclosure: Held
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