Bega – FY20 Earnings

Posted on | by Leon Hinde

Bega Cheese is under Algo Engine buy conditions following the recent signal at $4.50.

FY20 Full year earnings exceeded consensus and the key numbers are;

Revenue increased by 5% to $1.5 billion
Operating cash flow $138 million
Net debt reduction by $52 million to $236 million
Export sales increased 15% to $523 million
Inventory reduction by $15 million to $257 million
Normalised EBITDA decreased by 2% to $103.0 million

Cleanaway – FY20 Earnings

Posted on | by Leon Hinde

Despite disruptions from COVID-19 Cleanaway reported an underlying EBITDA of $516m, up 12% on the same time last year.

FY21 EPS growth is forecast to increase by 2 – 3%, placing the stock on a forward yield of 1.8%.

The valuation is looking expensive at 30x earnings, however, the defensive exposure remains attractive in a low yield environment and the balance sheet is in good shape.

Afterpay – FY20 Earnings

Posted on | by Leon Hinde

Afterpay is under Algo Engine buy conditions after generating the first of a series of buy signals starting in November 2019.

FY20 sales $11bn, income $519m, EBITDA $44m and the net loss after tax $23m.

Momentum continued into 1H21 as expected and active customers increased to 10m.

Market cap now stands at more than 30x forward revenue.