METCASH LIMITED (MTS)
Share Price Analysis and Chart

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MTS

MTS - METCASH LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: April
GICS Industry Group : Food & Staples Retailing
Debt/EBITDA: 2.7
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Metcash is an Australian conglomerate marketing produce, alcohol, hardware and other consumer goods. Its brands include IGA, Mitre 10 and The Bottle O. Originally founded in 1927 by Joe David, it became a listed entity in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.38

05 Dec
2025

0.030

OPEN

$3.36

0.90%

HIGH

$3.38

5,352,822

LOW

$3.33

TARGET
$3.72

-0.08 change from previous day

 10.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . CKF . COL . DMP . EDV . GYG . ING . LRK . MBH . RFG . SGLLV . SPG . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
MTS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 25.9 24.4 xxx
DPS (cps) xxx 18.0 18.0 xxx
EPS Growth xxx 0.2% - 5.8% xxx
DPS Growth xxx - 7.7% - 0.2% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 69.6% 73.8% xxx

Dividend yield today if purchased 3 years ago: 4.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.28

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 13/12 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx25.9
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx17,323.0 M
Book Value Per Share xxxxxxxxxxxxxxx148.0
Net Operating Cash Flow xxxxxxxxxxxxxxx539.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx18.03 %
Return on Invested Capital xxxxxxxxxxxxxxx9.77 %
Return on Assets xxxxxxxxxxxxxxx4.47 %
Return on Equity xxxxxxxxxxxxxxx18.03 %
Return on Total Capital xxxxxxxxxxxxxxx14.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx229.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx431 M
Long Term Debt xxxxxxxxxxxxxxx1,460 M
Total Debt xxxxxxxxxxxxxxx1,891 M
Goodwill - Gross xxxxxxxxxxxxxxx2,024 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx85 M
Price To Book Value xxxxxxxxxxxxxxx2.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx148.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx16,482 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx381 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx151 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

02/12/2025

3

Neutral

$3.50

3.55%

Metcash reported disappointing 1H26 results with underlying EBIT missing Macquarie's forecast by -10% and -5% on consensus estimate.

Tobacco sales fell around -35%, when excluded total revenue rose 7%. Hardware and liquor evidenced the biggest decline on margins versus expectations, down around -20 to -30bps y/y.

Management pointed to competition in food and hardware, as well as increased competitive pressures in liquor. Positively, cash conversion was upbeat with the 3-year cash realisation ratio at around 106%, well above guidance at 80-90%.

The broker lowers earnings (EBITDA) forecasts by around -5% to -9% over the medium term across all segments, the heftiest decline is in hardware, due to lower margin expectations.

Target price is downgraded by -12.5% to $3.50. Neutral rating retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 18.40 cents and EPS of 25.10 cents.
Macquarie forecasts a full year FY27 dividend of 19.90 cents and EPS of 27.20 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

02/12/2025

2

Overweight

$3.80

12.43%

Jarden observes Metcash’s 1H26 result came in about -5% below consensus, with hardware and liquor the main sources of weakness as competition, costs and softer demand weighed on earnings.

Food performed better, and the broker notes early signs of improvement in hardware, including strong Total Tools like-for-like growth early in 2H26, though liquor remains under pressure.

Jarden sees leverage to a housing recovery as a key medium-term driver of operating leverage and margin upside.

Overweight. Target price falls to $3.80 from $4.00 given the broker's earnings forecasts are trimmed -2-3% across FY26-28 on margin pressure, despite modest upgrades to Food.

FORECAST
Jarden forecasts a full year FY26 dividend of 17.50 cents and EPS of 24.10 cents.
Jarden forecasts a full year FY27 dividend of 21.00 cents and EPS of 27.40 cents.
Access Extra Coverage Research History >

MTS STOCK CHART

FNArena News on MTS

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