2 Mid-Cap Stocks – CWN, CCL

The below-mentioned two mid-cap stocks have witnessed a decline in their share price over the last one year, however, these stocks have reported positive financial results in the recent past. Let’s take a closer look at these stocks-

Crown Resorts Limited (ASX: CWN)

Crown Resorts Limited (ASX: CWN) is one of Australia’s largest entertainment groups whose core businesses and investments are in integrated resorts sector. For the year ended 30 June 2018, the company reported normalized EBITDA of $878.3 million which was 6.1 higher than the previous corresponding period (pcp). Further, the company reported normalized NPAT of $386.8 million which was 12.7% higher than pcp. 

In the Financial year 2018, the company declared a total dividend of 60 cents per share, franked to 60%. The dividend declared was consistent with the dividend policy which was adopted by Crown in February 2017. During FY 2018, the company bought back approximately 1.4 million shares under a share buy-back which expired in August 2018.

During the year, the company also announced its intention to undertake a new on-market share buy-back of approximately $400 million of shares; however recently on 31 December 2018, the company announced the suspension of the on-market share buy-back until the day after Crown’s half-year results are released. The company’s half-year results are scheduled to be released on 20 February 2019.

Meanwhile, in the last one year, the share price of the company decreased by 7.15 Percent as on 6 February 2019. CWN’s shares traded at $12.200 (+0.993%) with a market capitalization of circa $8.18 million. It has a 52-week high of $14.590 and a 52-week low of $11.430.

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Coca-Cola Amatil Limited (ASX: CCL)

Coca-Cola Amatil Limited (ASX: CCL) distributes non-alcoholic and alcoholic ready-to-drink beverages in the Asia Pacific, and it is working together with a diverse group of businesses across six countries.

Recently, the Group has recently presented 2018 investor day presentation at Sydney, Australia and highlighted about business activity and outlook wherein the group remains committed to the shareholder value proposition targeting a return to delivery of mid-single digit earnings per share growth in the medium term. For the half year ended 29 June 2018, the company reported statutory Net Profit after tax (NPAT) of $158.1 million which was 12.8 percent higher than the previous corresponding period. The company also reported Underlying EBIT of $297.5 Mn and underlying NPAT of $178.8 Mn. The company delivered revenue growth of 0.9 per cent on flat volume, while underlying EBIT declined by 3.6 per cent. For the first half of 2018, the company reported earnings per share increase of 17.8% on a statutory basis compared to last year and on an underlying basis EPS declined 1.6%.

In Indonesia, the company witnessed soft market conditions; however, it witnessed excellent performance in New Zealand. Moreover, the company also witnessed decent performances in Fiji and Alcohol & Coffee with revenue, volume and EBIT growth in each market.

The company’s board declared an interim dividend of 21.0 cents per share, franked to 65% which represents an underlying payout ratio of 85.0% for the half year.

Meanwhile, in the last one year, the share price of the company decreased by 3.67 Percent as on 6 February 2019. CCL’s shares traded at $8.280 (-2.243% intraday) with a market capitalization of circa $6.13 billion.


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