Reporting Calendar: Download here
Companies reporting today on MM’s radar include:
- Cleanaway (CWY) FY21 Results: Expectations for revenue of $2.36bn, EBITDA of $535m, NPAT of $161m (up 58% on FY20), EPS of $0.08, FY Dividend $0.047. Market currently pricing NPAT for FY22 of $181m, a jump of ~12%. (CWY have reported NPAT of $153.2m (miss), EBITDA of $535.1m (inline), FY21 dividend of 4.6c (inline). Guidance more muted with CWY saying that current NSW restrictions are costs ~$4m of EBITDA per month. FY22 guidance for growth of 12% now looks a stretch. Overall, a miss
- Cochlear (COH) FY21 Results: Expectations for revenue of $1.5bn, EBIT of $337.5m, NPAT of $243m (up 7% on FY20), EPS of $3.74, FY Dividend $2.50. Market currently pricing NPAT for FY22 of $300m, a jump of ~23%. (COH has reported revenue of $1.493bn (inline), Underlying NPAT of $237m (~2.5% miss), FY21 Dividend of $2.55 (inline). Guidance for FY22 NPAT of $265-$285m (+12-20%) is below current market by ~8%) Overall a miss
- Inghams Group (ING) FY21 Results: Expectations for revenue of $2.66bn, EBITDA of $263m, NPAT of $90m (up 14% on FY20), EPS of $0.26, FY Dividend $0.16. Market currently pricing NPAT for FY22 of $99m, a jump of ~10%. (ING have reported underlying NPAT of $86.7m (slight miss) & FY21 Dividend of 16.5c (beat) while debt reduction was strong. Overall, slight miss on FY21 profit however key metrics pointing in the right direction
- Omni Bridgeway (OBL) FY21 Results: Expectations for NPAT of $76m, for FY22 expectations (small sample size) is for revenue to double & NPAT to be $231m, up ~200%
- Smart Group (SIQ) First Half Results: Have reported this morning with the 1H revenue of $109.4m & NPAT of $33.5m & interim dividend of $0.175 looking solid, and while no specific guidance provided for the 2H their rhetoric was positive. Overall, inline
- Stockland (SGP)FY21 Results: Expectations for EBIT of $859m, NPAT of $795m, FFO of $0.33 & a FY21 Dividend of $0.25. Market currently pricing NPAT for FY22 of $818m, a jump of ~2% (SGP have reported FFO of 0.331 (inline) & FY21 dividend of 0.246 (inline) & Guidance for FFO for FY22 or 34.6-35.6cps inline with current expectations. Overall, Inline
- Sydney Airport (SYD) First Half Result: Guidance here key, market looking for FY21 EBITDA of ~$500m and a loss $187m
- TPG Telecom (TPG): First Half Results: Look for an increase of profit on rising Average Revenue Per User (ARPU) & better cost management.
NB: Results will be covered on the MM Website throughout the day: Visit www.marketmatters.com.au
