Nine Companies Are At The Lowest Price For The Year

  • Oct 09, 2018 AEDT
  • Team Kalkine
Nine Companies Are At The Lowest Price For The Year

With markets falling down for two continuous days, some stocks have really taken a hit on the market price and have gone as low as their previous 52-week lows. Here is a list of nine companies which have faced the rock bottom and are a talking point now.

Syrah Resources Limited (ASX: SYR) – Syrah recently announced that the executed Mining agreement which governs the Balama Operation has now been sanctioned by the administrative court in Mozambique. After the group downgraded its production guidance, the group is under the short-selling radar with over 18.45% short positions (as per the ASIC report of 28 August 2018). Revenue reported for the interim financial period comprised interest income of $0.6 million while in 2017 it was $0.7 million. The loss for the consolidated entity after income tax amounted to $8.3 million during the interim financial period ended 30 June 2018. Due to negative results Syrah was trading at a market price of $2.020 which is its 52-week low, the stock has undergone a performance change of -44.05% in the past 12 months.

AMP Limited (ASX: AMP) – AMP’s EV/EBITDA has been quite high around 21 and business profitability is becoming a major concern. Meanwhile, there is pressure on earnings per share and margins. The profit attributable to AMP shareholders was $115 million for half year ended June 30, 2018 which was lower than $445 million in 1H 2017. The underlying profit for the half year ended June 30, 2018 was $495 million lower than $533 million in 2017 which was driven by deterioration in experience and one-off capitalized losses in Australian wealth protection earnings. The stock was trading at a market price of $3.010 which is its 52-week low, the stock has undergone a performance change of -35.70% in the past 12 months.

Janus Henderson Group PLC (ASX: JHG) – Compared to US $165.2 million in the first quarter 2018 and US$41.7 million in the second quarter 2017, second quarter 2018 net income attributable to JHG was US$140.6 million. Compared to US $0.82 in the first quarter 2018 and US $0.28 in the second quarter 2017, second quarter 2018 diluted earnings per share was US $0.70. However, with the appointment of new CEO Dick Weil, management is confident that Janus will reach the next level. With total AUM amounting to US$370.1 billion the company witnessed the positive impacts from the investments and ended the quarter. The stock was trading at a market price of $35.700 which is its 52-week low, the stock has undergone a performance change of -18.11% in the past 12 months.

Pendal Group Limited (ASX: PDL) – The company reported an increase of 1.0 percent and recorded the FUM at $100 Bn which is up by 1% as on 30 June 2018 from $99 Bn 31 March 2018. Pendal Australia performance fees have now been realized for the year ended 30 June 2018, the company reported $6.9m in revenue which compares lower to $9.4m for the 2017 financial year. Pendal Group’s price to earning ratio (P/E) is at 12.920 and earnings per share (EPS) is at 0.660 AUD which is comparatively better than the peers. The stock was trading at a market price of $8.40 which is its 52-week low, the stock has undergone a performance change of -23.98% in the past 12 months.

Estia Health Limited (ASX: EHE) – The number of Australians moving into residential care is projected to more than double to 8.9 million by 2055, mostly with the population aged 65 years and above, as per the official data. Operating revenue increased by 4.3% to $547.1 million resulting into EBITDA of $90.1 million achieved in line with guidance which is increase by 4.1% from FY17. With further investment planned for FY19, $4.4 million of sustainability capital investment program completed for FY18. With Net Bank Debt reduced to $63.8 million, capacity for growth is available. The stock was trading at a market price of $2.24 which is its 52-week low, the stock has undergone a performance change of -30.18% in the past 12 months. 

Nufarm Limited (ASX: NUF) – Revenue from ordinary activities increased from $3,111,115,000 in 2017 to $3,307,847,000 in 2018 which is an increase of 6%. Compared to a $114.5 million profit last year the company reported $15.6 million net loss after tax. The underlying net profit after tax for the company was down 28% on prior year while underlying earnings per share down 40% to 28.2 cents per share. Impacted by the very dry Australian autumn conditions, and continued drought into winter in the eastern and southern states, the underlying EBIT result was affected. The stock was trading at a market price of $5.76 which is its 52-week low, the stock has undergone a performance change of -26.10% in the past 12 months.

Invocare Limited (ASX: IVC) – In the FY18, compared to $46.1 Mn in FY17, the company has posted 76% rise in revenue at $80.9 Mn. Funeral volumes were up 67% which helped the company achieve positive numbers. From FY17 number operating EBITDA for the company came in at $53.7 Mn, down by 0.3%. On the valuation front, the company has maintained its Gross Margin at 40.7% in 2018 against 40.3% in FY17. From $224.8 million in the first half of financial year 2017, operating sales revenue was $225.7 million up 0.4%. The stock was trading at a market price of $11.31 which is its 52-week low on opening but has since recovered to $11.510, the stock has undergone a performance change of -30.50% in the past 12 months.

Unibail-Rodamco-Westfied (ASX: URW) – For the period ended June 30, 2018, the Group reported Net Operating Loss of -€9.6 Mn, However, the amount included in this Net Operating Loss for acquisition and related costs was -€40.6 Mn, leading to a recurring Net Operating Profit of €31.0 Mn. With available cash and cash equivalents at financial year period-end is of €52 Mn and no debt facility company represents a decent balance sheet. The price to earning ratio (P/E) is at 27.740 and earnings per share (EPS) is at 0.477 AUD which is comparatively better than the peers. Due to the declining profits, the stock was trading at a market price of $13.14 which is its 52-week low, the stock has undergone a performance change of -10.13% in the past 12 months.

Abacus Property Group (ASX: ABP) – The company reported both statutory and underlying profit down by 15% and 2% to $243.7 million and $183.3 million respectively. The underlying earnings per share (EPS) was down 3% to 31.7 cps and the underlying DPS up by 3% to 18.0 cps. Cashflow from operations remained at almost same levels at $168.4 million in June 2018 compared to $168.5 million in June 2017. Balance sheet gearing increased slightly to 23.3% which is below the target limit of 35%. Driven by strong earnings performance across the business and portfolio cap rate compression NTA per security grew by 8.5% to $3.18. The stock was trading at a market price of $3.27 which is its 52-week low, the stock has undergone a performance change of -13.42% in the past 12 months.

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