Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand.
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Metcash's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MG9 has not had significant price volatility in the past 3 months.
7 Day Return
DE Consumer Retailing
1 Year Return
DE Consumer Retailing
Return vs Industry: MG9 exceeded the German Consumer Retailing industry which returned 2.8% over the past year.
Return vs Market: MG9 underperformed the German Market which returned 13.7% over the past year.
Price Volatility Vs. Market
How volatile is Metcash's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Metcash undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MG9 (€1.72) is trading below our estimate of fair value (€1.82)
Significantly Below Fair Value: MG9 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MG9 is unprofitable, so we can't compare its PE Ratio to the Consumer Retailing industry average.
PE vs Market: MG9 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MG9's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MG9 is overvalued based on its PB Ratio (2.5x) compared to the XE Consumer Retailing industry average (1.6x).
How is Metcash forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MG9 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: MG9 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MG9's is expected to become profitable in the next 3 years.
Revenue vs Market: MG9's revenue is expected to decline over the next 3 years (-1.4% per year).
High Growth Revenue: MG9's revenue is forecast to decline over the next 3 years (-1.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MG9's Return on Equity is forecast to be low in 3 years time (16.1%).
How has Metcash performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MG9 is currently unprofitable.
Growing Profit Margin: MG9 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MG9 is unprofitable, but has reduced losses over the past 5 years at a rate of 19.4% per year.
Accelerating Growth: Unable to compare MG9's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MG9 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (2%).
Return on Equity
High ROE: MG9 has a negative Return on Equity (-5.11%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Metcash's financial position?
Financial Position Analysis
Short Term Liabilities: MG9's short term assets (A$2.8B) exceed its short term liabilities (A$2.5B).
Long Term Liabilities: MG9's short term assets (A$2.8B) exceed its long term liabilities (A$1.0B).
Debt to Equity History and Analysis
Debt Level: MG9's debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: MG9's debt to equity ratio has reduced from 52.1% to 21.2% over the past 5 years.
Inventory Level: MG9 has a high level of physical assets or inventory.
Debt Coverage by Assets: MG9's debt is covered by short term assets (assets are 12.8x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MG9 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: MG9 has been profitable on average in the past, therefore cash runway is not a concern.
What is Metcash's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MG9's dividend (4.61%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: MG9's dividend (4.61%) is in the top 25% of dividend payers in the German market (3.65%)
Stability and Growth of Payments
Stable Dividend: MG9's dividend payments have been volatile in the past 10 years.
Growing Dividend: MG9's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: MG9 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: MG9's dividends in 3 years are forecast to be covered by earnings (59.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Adams 0
Mr. Jeffery K. Adams, also known as Jeff, BA (Business Administration and Management) has been Group Chief Executive Officer and Executive Director of Metcash Limited since December 5, 2017. Mr. Adams has ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD2.42M) is above average for companies of similar size in the German market ($USD1.51M).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
|Group CEO & Executive Director||2.2yrs||AU$3.65m||no data|
|Group Chief Financial Officer||5yrs||AU$1.51m||0.0019% A$30.3k|
|Chief Executive Officer of Independent Hardware Group||0yrs||AU$1.58m||0.017% A$272.6k|
|Chief Executive Officer of Food||0yrs||AU$1.61m||0.0059% A$93.3k|
|Chief Information Officer||4.8yrs||no data||no data|
|Head of Corporate Affairs & Investor Relations||0yrs||no data||no data|
|Company Secretary & GM of Legal||3.7yrs||no data||no data|
|Chief People & Culture Officer||4.4yrs||no data||no data|
|Head of Legal - Liquor & Assistant Company Secretary||0yrs||no data||no data|
|Head of China Export Development||0yrs||no data||no data|
Experienced Management: MG9's management team is considered experienced (4.4 years average tenure).
|Group CEO & Executive Director||2.2yrs||AU$3.65m||no data|
|Independent Non-Executive Chairman||4.5yrs||AU$429.98k||0.0092% A$145.2k|
|Independent Non-Executive Director||5.7yrs||AU$177.71k||0.0066% A$103.7k|
|Independent Non-Executive Director||4yrs||AU$177.04k||0.0047% A$73.7k|
|Non-Executive Director||0.5yrs||no data||0.0044% A$69.1k|
|Independent Non-Executive Director||4.3yrs||AU$161.38k||0.0041% A$64.7k|
Experienced Board: MG9's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Metcash Limited's company bio, employee growth, exchange listings and data sources
- Name: Metcash Limited
- Ticker: MG9
- Exchange: DB
- Founded: 1920
- Industry: Food Distributors
- Sector: Consumer Retailing
- Market Cap: AU$2.564b
- Listing Market Cap: AU$1.571b
- Shares outstanding: 909.26m
- Website: https://www.metcash.com
Number of Employees
- Metcash Limited
- 1 Thomas Holt Drive
- Macquarie Park
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MTS||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jun 1994|
|MCSH.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 1994|
|MG9||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 1994|
|MTS||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jun 1994|
|MHTL.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Mar 2005|
Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food, Liquor, and Hardware segments. The Food segment distributes a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels. The Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The company serves independent retailers in the food, liquor, and hardware sectors. Metcash Limited was founded in 1920 and is based in Macquarie Park, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 21:51|
|End of Day Share Price||2020/02/20 00:00|
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.