Metcash Past Earnings Performance

Past criteria checks 2/6

Metcash has been growing earnings at an average annual rate of 25.2%, while the Consumer Retailing industry saw earnings growing at 25.1% annually. Revenues have been growing at an average rate of 5% per year. Metcash's return on equity is 16.3%, and it has net margins of 1.6%.

Key information

25.2%

Earnings growth rate

25.2%

EPS growth rate

Consumer Retailing Industry Growth	18.7%
Revenue growth rate	5.0%
Return on equity	16.3%
Net Margin	1.6%
Next Earnings Update	23 Jun 2025

Recent past performance updates

We Think That There Are Some Issues For Metcash (ASX:MTS) Beyond Its Promising Earnings

Jul 05

Recent updates

Metcash Limited (ASX:MTS) Just Reported Half-Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Dec 05

Metcash's (ASX:MTS) Returns Have Hit A Wall

Sep 25

Metcash (ASX:MTS) Will Pay A Smaller Dividend Than Last Year

Jul 15

We Think That There Are Some Issues For Metcash (ASX:MTS) Beyond Its Promising Earnings

Jul 05

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

Revenue & Expenses Breakdown

How Metcash makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:MTS Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Oct 24	16,546	258	1,151
31 Jul 24	16,229	258	1,102
30 Apr 24	15,912	257	1,054
31 Jan 24	15,908	266	1,038
31 Oct 23	15,903	274	1,022
31 Jul 23	15,853	267	1,002
30 Apr 23	15,803	259	983
31 Jan 23	15,778	251	968
31 Oct 22	15,752	242	953
31 Jul 22	15,458	244	927
30 Apr 22	15,165	245	901
31 Jan 22	14,786	244	874
31 Oct 21	14,406	243	847
31 Jul 21	14,361	241	829
30 Apr 21	14,315	239	811
31 Jan 21	14,055	229	787
31 Oct 20	13,795	220	763
31 Jul 20	13,410	82	750
30 Apr 20	13,025	-57	738
31 Jan 20	12,893	-56	771
31 Oct 19	12,761	-55	804
31 Jul 19	12,711	69	848
30 Apr 19	12,660	193	892
31 Jan 19	12,618	24	939
31 Oct 18	12,577	-145	985
31 Jul 18	12,509	-147	1,017
30 Apr 18	12,442	-148	1,050
31 Jan 18	13,030	21	1,077
31 Oct 17	13,617	190	1,104
31 Jul 17	13,870	181	1,073
30 Apr 17	14,122	172	1,042
31 Oct 16	13,356	166	960
31 Jul 16	13,379	172	972
30 Apr 16	13,403	178	985
31 Oct 15	13,461	-409	985
31 Jul 15	13,415	-406	987
30 Apr 15	13,370	-404	990
31 Oct 14	13,329	165	996
31 Jul 14	13,361	172	996
30 Apr 14	13,393	180	996

Quality Earnings: MTS has high quality earnings.

Growing Profit Margin: MTS's current net profit margins (1.6%) are lower than last year (1.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MTS has become profitable over the past 5 years, growing earnings by 25.2% per year.

Accelerating Growth: MTS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MTS had negative earnings growth (-5.9%) over the past year, making it difficult to compare to the Consumer Retailing industry average (-5.9%).

Return on Equity

High ROE: MTS's Return on Equity (16.3%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 07:23
End of Day Share Price	2024/12/19 00:00
Earnings	2024/10/31
Annual Earnings	2024/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Metcash Limited is covered by 26 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Thomas Kierath	Barrenjoey Markets Pty Limited

Metcash Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First half 2025 earnings released: EPS: AU$0.13 (vs AU$0.14 in 1H 2024)

Metcash Limited to Report Fiscal Year 2025 Results on Jun 23, 2025

We Think That There Are Some Issues For Metcash (ASX:MTS) Beyond Its Promising Earnings

Full year 2024 earnings: EPS misses analyst expectations

Metcash Limited to Report First Half, 2025 Results on Dec 02, 2024

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

Recent updates

Metcash Limited Appoints Marina Go as Non-Executive Director, Effective 1 February 2025

Metcash Limited (ASX:MTS) Just Reported Half-Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

First half dividend of AU$0.085 announced

First half 2025 earnings released: EPS: AU$0.13 (vs AU$0.14 in 1H 2024)

Metcash Limited Announces Appointment of David Whittle as Non-Executive Director

Drake Supermarkets Pty. Ltd. acquired remaining 26% stake in Dramet Holdings Pty. Ltd. from Metcash Limited (ASX:MTS) for AUD 18 million.

Price target decreased by 8.7% to AU$3.79

Metcash's (ASX:MTS) Returns Have Hit A Wall

Metcash Limited to Report Fiscal Year 2025 Results on Jun 23, 2025

Metcash (ASX:MTS) Will Pay A Smaller Dividend Than Last Year

We Think That There Are Some Issues For Metcash (ASX:MTS) Beyond Its Promising Earnings

Final dividend reduced to AU$0.085

Full year 2024 earnings: EPS misses analyst expectations

Metcash Limited (ASX:MTS) acquired Superior Food Group Pty Ltd for approximately AUD 410 million.

Metcash Limited to Report First Half, 2025 Results on Dec 02, 2024

Is There An Opportunity With Metcash Limited's (ASX:MTS) 37% Undervaluation?

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