Just got this in an email ...Tue, 1 Nov at 9:30 amTuesday, 1 November 2022
ALD - AMPOL LIMITED
Macquarie rates ALD as Outperform (1) - With the recent Federal budget significantly reducing the effectiveness of off-market buybacks, Macquarie assumes Ampol will undertake on-market buybacks and issue special dividends to improve its balance sheet.
The broker anticipates buybacks of $300m in 2023 and $400m in 2024, which it considers an optimal solution to drive earnings per share and value accretion. Macquarie also expects Ampol will target a top-end dividend payout ratio of 70% moving forward.
The Outperform rating is retained and the target price decreases to $38.75 from $40.00.
Target price is $38.75 Current Price is $27.23 Difference: $11.52 If ALD meets the Macquarie target it will return approximately 42% (excluding dividends, fees and charges). Current consensus price target is $34.90, suggesting upside of 28.2%(ex-dividends)The company's fiscal year ends in December.
Forecast for FY22:
Macquarie forecasts a full year FY22 dividend of 216.00 cents and EPS of 334.80 cents . At the last closing share price the estimated dividend yield is 7.93%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.13. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 344.8, implying annual growth of 47.2%. Current consensus DPS estimate is 212.3, implying a prospective dividend yield of 7.8%. Current consensus EPS estimate suggests the PER is 7.9.
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 236.00 cents and EPS of 332.90 cents . At the last closing share price the estimated dividend yield is 8.67%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.18. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 276.2, implying annual growth of -19.9%. Current consensus DPS estimate is 181.0, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 9.9.
Market Sentiment: 0.8All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
News: ALD UPDATE 1-Australia's Ampol expects record annual earnings after strong quarter, page-50
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Last
$33.10 |
Change
-0.130(0.39%) |
Mkt cap ! $7.887B | |||
| Open | High | Low | Value | Volume |
| $33.37 | $33.65 | $32.70 | $25.96M | 785.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 482 | $33.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.11 | 3957 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$32.99 |
Change
-0.130 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| $33.62 | $33.64 | $32.71 | 76753 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ALD (ASX) Chart |