Reporting Today (AMA, ALC, AWC, ANN, ASB, BRI, BLD, CBR, EP1, EHE, OSH, MND, SKI, NTO, SCG, SEK, HUB, RDY, REH, KGN, VEA)

UPDATED 13/01/2022 23:06

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AWC ANN ASB BLD EHE OSH MND SKI SEK HUB REH KGN VEA NTO

Reporting Calendar: Download here

Companies reporting today include: AMA Group Ltd. (AMA), Alcidion Group Ltd. (ALC), Alumina Ltd. (AWC), Ansell Ltd. (ANN), Austal Ltd. (ASB), Big River Industries Pty (BRI), Boral Ltd. (BLD), Carbon Revolution Ltd. (CBR), E&P Financial Group Ltd. (EP1), Estia Health Ltd. (EHE), Oil Search (OSH), Monadelphous Group (MND), Spark Infrastructure (SKI), Scentre Group (SGC), Seek (SEK), Hub24 (HUB), ReadyTech (RDY), Reece (REH), Kogan (KGN), Viva Energy (VEA), Nitro (NTO)

Companies on MM’s radar include:

Austal (ASB) FY21 Results: Expectations for revenue of $1.55bn, EBIT of $114.6m, NPAT of $78.5m (down ~11% on FY20), EPS of $0.22, FY Dividend $0.08. Market currently pricing NPAT for FY22 of $73m, down ~7% on FY21. (MM Comment…ASB reported revenue of $1.572b & NPAT of $81.1, both slight beats, the profit was it’s 2nd highest in the history of the company, the DPS of 8cps was inline. No EBIT guidance for FY22 however revenue guidance of $1.5bn for FY22 inline with current expectations (uses 75c AUD). While they have challenges ahead, the transition towards steel ship building & other opportunities is progressing + they have net cash on balance sheet of ~$200m…Overall, slight beat)
Monadelphous (MND) FY21 Results: Expectations for revenue of $1.83bn, EBITDA $114.25m, NPAT of $54.36m (up ~56% on FY20), EPS of $0.573, FY Dividend $0.461. Market currently pricing NPAT for FY22 of $62.77m, up ~15% on FY21. (MM Comment…MND reported revenue of $1.95bn which is ~6% above expectations however profitability was a miss given margin issues, NPAT of $47.1m was a ~13% miss to consensus. The FY21 DPS of $0.45 was inline while guidance is now for lower revenue in FY22 – the market is positioned for a similar level. They talked to ongoing skill shortages with a review of their attraction & retention practices i.e. more money to keep good talent….Overall, a miss)
HUB24 (HUB) FY21 Results: Expectations for revenue of $132m, EBITDA of $35.77m, NPAT of $18.5m (up ~124% on FY20), EPS of $0.274, FY Dividend $0.106. Market currently pricing NPAT for FY22 of $32m, up ~73% on FY21. (MM Comment…HUB have reported group revenue of $110.9m which is well below the $132m expected, Underlying EBITDA of $36.2m was a slight beat while underlying profit was largely inline. Key here is around FY23 FUA guidance which has been upgraded to $63bn – $70bn by FY23, up from previous FY22 platform FUA guidance of $43bn – $49bn. This is a significant target considering Shaw’s current FY23 forecast is currently $63.8bn and sits at the bottom end of the range… Overall, Inline/Beat on guidance)
Kogan (KGN) FY21 Results: Expectations for revenue of $785m, EBIT of $51.51m, NPAT of $36.5m (up ~36% on FY20), EPS of $0.337, FY Dividend $0.178. Market currently pricing NPAT for FY22 of $39.5m, up ~8% on FY21. (MM Comment…KGN have delivered revenue of $780.7m which is a slight miss while they’re delivering numbers on an adjusted basis given their inventory issues through the year. To that end (adjusted) NPAT of $42.9m was up ~43% on FY20 and above expectations of $39.5m + guidance for the start of FY22 was strong… Overall, messy but looking through the noise underlying business is regaining momentum)
Oil Search (OSH) 1H21 Results: NPAT of $103m & DPS of $0.02 however commentary around Santos tie up more important. (MM Comment…)
Nitro (NTO) 1H21 Results: (MM Comment… NTO has delivered a solid 1H21 result with revenue 50% of the mid-point of FY guidance which was only recently revised upwards in July and has been reaffirmed as expected today. Overall, a strong start to the year… Overall, Solid)
ReadyTech (RDY) FY21 Results: (MM Comment..RDY around a 1% beat to FY21 plus they have provided a new FY26 organic revenue target of +$125m, which is around ~20% ahead of forecasts…Overall, beat)