Metcash Future Growth

Future criteria checks 3/6

Metcash is forecast to grow earnings and revenue by 6.9% and 6% per annum respectively. EPS is expected to grow by 3.8% per annum. Return on equity is forecast to be 21.5% in 3 years.

Key information

6.9%

Earnings growth rate

3.8%

EPS growth rate

Consumer Retailing earnings growth	26.5%
Revenue growth rate	6.0%
Future return on equity	21.5%
Analyst coverage	Good
Last updated	04 Apr 2024

Recent future growth updates

Recent updates

Metcash Limited's (ASX:MTS) Intrinsic Value Is Potentially 72% Above Its Share Price

Oct 01

Here's What To Make Of Metcash's (ASX:MTS) Decelerating Rates Of Return

Aug 20

These 4 Measures Indicate That Metcash (ASX:MTS) Is Using Debt Reasonably Well

Aug 05

Is There An Opportunity With Metcash Limited's (ASX:MTS) 38% Undervaluation?

Jun 30

Metcash (ASX:MTS) Is Looking To Continue Growing Its Returns On Capital

May 17

Metcash (ASX:MTS) Has A Pretty Healthy Balance Sheet

Mar 26

Metcash (ASX:MTS) Shareholders Will Want The ROCE Trajectory To Continue

Feb 15

Is There An Opportunity With Metcash Limited's (ASX:MTS) 29% Undervaluation?

Feb 03

Metcash (ASX:MTS) Has Announced That It Will Be Increasing Its Dividend To AU$0.10

Dec 10

Metcash Limited's (ASX:MTS) Intrinsic Value Is Potentially 59% Above Its Share Price

Oct 30

Metcash (ASX:MTS) Has Some Way To Go To Become A Multi-Bagger

Oct 07

We Think Shareholders Will Probably Be Generous With Metcash Limited's (ASX:MTS) CEO Compensation

Aug 25

The Returns At Metcash (ASX:MTS) Aren't Growing

May 26

Should You Buy Metcash Limited (ASX:MTS) For Its Dividend?

Mar 29

Metcash Limited (ASX:MTS) Shares Could Be 48% Below Their Intrinsic Value Estimate

Mar 11

Should You Use Metcash's (ASX:MTS) Statutory Earnings To Analyse It?

Feb 21

Earnings and Revenue Growth Forecasts

ASX:MTS - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
4/30/2026	18,454	326	346	508	9
4/30/2025	17,873	301	257	414	9
4/30/2024	15,996	266	187	386	8
10/31/2023	15,903	274	373	501	N/A
7/31/2023	15,853	267	297	437	N/A
4/30/2023	15,803	259	221	373	N/A
1/31/2023	15,778	251	194	341	N/A
10/31/2022	15,752	242	168	310	N/A
7/31/2022	15,458	244	239	371	N/A
4/30/2022	15,165	245	311	432	N/A
1/31/2022	14,786	244	284	403	N/A
10/31/2021	14,406	243	257	373	N/A
7/31/2021	14,361	241	323	424	N/A
4/30/2021	14,315	239	390	476	N/A
1/31/2021	14,055	229	336	410	N/A
10/31/2020	13,795	220	282	344	N/A
7/31/2020	13,410	82	169	231	N/A
4/30/2020	13,025	-57	56	118	N/A
1/31/2020	12,893	-56	105	165	N/A
10/31/2019	12,761	-55	153	213	N/A
7/31/2019	12,711	69	172	229	N/A
4/30/2019	12,660	193	191	245	N/A
1/31/2019	12,618	24	193	240	N/A
10/31/2018	12,577	-145	195	235	N/A
7/31/2018	12,509	-147	218	256	N/A
4/30/2018	12,442	-148	242	276	N/A
1/31/2018	13,030	21	266	306	N/A
10/31/2017	13,617	190	291	335	N/A
7/31/2017	13,870	181	N/A	320	N/A
4/30/2017	14,122	172	N/A	305	N/A
10/31/2016	13,356	166	N/A	293	N/A
7/31/2016	13,379	172	N/A	230	N/A
4/30/2016	13,403	178	N/A	166	N/A
10/31/2015	13,461	-409	N/A	107	N/A
7/31/2015	13,415	-406	N/A	169	N/A
4/30/2015	13,370	-404	N/A	232	N/A
10/31/2014	13,329	165	N/A	287	N/A
7/31/2014	13,361	172	N/A	338	N/A
4/30/2014	13,393	180	N/A	389	N/A
10/31/2013	13,220	257	N/A	384	N/A
7/31/2013	13,099	262	N/A	342	N/A
4/30/2013	12,977	266	N/A	300	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTS's forecast earnings growth (6.9% per year) is above the savings rate (2.2%).

Earnings vs Market: MTS's earnings (6.9% per year) are forecast to grow slower than the Australian market (13.4% per year).

High Growth Earnings: MTS's earnings are forecast to grow, but not significantly.

Revenue vs Market: MTS's revenue (6% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: MTS's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MTS's Return on Equity is forecast to be high in 3 years time (21.5%)

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Metcash Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 8.9% to AU$4.24

Price target increased to AU$4.48

Price target increased to AU$4.03

Recent updates

Price target increased by 8.9% to AU$4.24

Little Excitement Around Metcash Limited's (ASX:MTS) Earnings

New minor risk - Shareholder dilution

Metcash Limited (ASX:MTS) entered into binding agreement to acquire Superior Food Group Pty Ltd for approximately AUD 410 million.

Metcash Limited has completed a Follow-on Equity Offering in the amount of AUD 300.000001 million.

Metcash Limited has filed a Follow-on Equity Offering in the amount of AUD 300.000001 million.

Returns On Capital At Metcash (ASX:MTS) Have Hit The Brakes

Metcash Limited Appoints Kylie Wallbridge as CEO of the Liquor Pillar

Metcash's (ASX:MTS) Dividend Will Be A$0.11

Upcoming dividend of AU$0.11 per share at 6.3% yield

First half 2024 earnings released: EPS: AU$0.14 (vs AU$0.13 in 1H 2023)

Metcash Limited Announces an Ordinary Fully Paid Dividend for the Period of Six Months Ended October 31, 2023, Payable on January 30, 2024

Metcash Limited Announces an Ordinary Fully Paid for the Period of Six Months Ended October 31, 2023, Payable on January 30, 2024

Is Now The Time To Put Metcash (ASX:MTS) On Your Watchlist?

Metcash Limited, Annual General Meeting, Sep 13, 2024

Investors Met With Slowing Returns on Capital At Metcash (ASX:MTS)

Metcash Limited to Report Fiscal Year 2024 Results on Jun 24, 2024

Here's Why Metcash (ASX:MTS) Can Manage Its Debt Responsibly

Now 20% undervalued after recent price drop

Metcash Limited Announces CFO Changes

Now 21% undervalued after recent price drop

Upcoming dividend of AU$0.11 per share at 6.1% yield

Metcash's (ASX:MTS) Dividend Will Be A$0.11

New minor risk - Earnings quality

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued after recent price drop

Return Trends At Metcash (ASX:MTS) Aren't Appealing

Now 21% undervalued after recent price drop

A Look At The Fair Value Of Metcash Limited (ASX:MTS)

Independent Non-Executive Chairman recently bought AU$285k worth of stock

Independent Non Executive Director recently bought AU$94k worth of stock

Metcash (ASX:MTS) Has Some Way To Go To Become A Multi-Bagger

Metcash Limited Announces Resignation of Scott Marshall, CEO of the Food Pillar

Metcash Limited to Report Fiscal Year 2023 Results on Jun 26, 2023

Now 20% undervalued after recent price drop

A Look At The Intrinsic Value Of Metcash Limited (ASX:MTS)

Does Metcash (ASX:MTS) Have A Healthy Balance Sheet?

Upcoming dividend of AU$0.12 per share

Metcash's (ASX:MTS) Upcoming Dividend Will Be Larger Than Last Year's

Metcash Limited Announces Retirement of Alistair Bell as Group CFO

First half 2023 earnings released: EPS: AU$0.13 (vs AU$0.13 in 1H 2022)

The Returns At Metcash (ASX:MTS) Aren't Growing

Metcash Limited's (ASX:MTS) Intrinsic Value Is Potentially 72% Above Its Share Price

Insider recently bought AU$62k worth of stock

Metcash Limited Elects Mark Johnson as Director

Here's What To Make Of Metcash's (ASX:MTS) Decelerating Rates Of Return

These 4 Measures Indicate That Metcash (ASX:MTS) Is Using Debt Reasonably Well

Metcash Limited Announces Board Changes

Upcoming dividend of AU$0.11 per share

Is There An Opportunity With Metcash Limited's (ASX:MTS) 38% Undervaluation?

Metcash Limited to Pay A Fully Franked 2022 Final Dividend, Payable in Cash on 10 August 2022

Full year 2022 earnings released: EPS: AU$0.25 (vs AU$0.23 in FY 2021)

Metcash, Coles Reportedly Exit Food Fight

Quadrant Reportedly Pushing Ahead with Sale Plans for Superior Food Services

Metcash (ASX:MTS) Is Looking To Continue Growing Its Returns On Capital

Now 20% undervalued

Goldmans Reportedly to Advise Metcash on Food Buy

Now 20% undervalued

Metcash (ASX:MTS) Has A Pretty Healthy Balance Sheet

Now 21% undervalued

Metcash (ASX:MTS) Shareholders Will Want The ROCE Trajectory To Continue

Is There An Opportunity With Metcash Limited's (ASX:MTS) 29% Undervaluation?

Upcoming dividend of AU$0.10 per share

Price target increased to AU$4.48

Metcash (ASX:MTS) Has Announced That It Will Be Increasing Its Dividend To AU$0.10

First half 2022 earnings: EPS and revenues miss analyst expectations

Metcash Limited's (ASX:MTS) Intrinsic Value Is Potentially 59% Above Its Share Price

Metcash (ASX:MTS) Has Some Way To Go To Become A Multi-Bagger

Price target increased to AU$4.03

We Think Shareholders Will Probably Be Generous With Metcash Limited's (ASX:MTS) CEO Compensation

Independent Non-Executive Director Tonianne Dwyer has left the company

Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.062 loss in FY 2020)