Should Investors Be Looking At - BIN, COL?

  • Mar 31, 2019 AEDT
  • Team Kalkine
Should Investors Be Looking At - BIN, COL?

BINGO Industries Limited (ASX: BIN)

The waste management company, BINGO Industries Limited (ASX: BIN) has operations across the waste value chain from collections to recycling. The company reported robust revenue growth of 25.4% to $178.7 million for the half year ended 31 December 2018.

Underlying EBITDA rose 4.1% to $45.6 million compared to the previous corresponding period. But due to one-off costs and expenses relating to acquisitions, the company’s statutory Net profit After Tax declined 24.9% to $13.4 million in 1HFY19.

For the upcoming years, BINGO has presented an optimistic outlook on the back of strong construction market in New South Wales and Victoria which has the potential to deliver an overall volume of $130 billion per annum. The Group also plans to capture the opportunity to increase its market share in the Commercial and Industrial (C&I) sector to a considerable level.

The management stated that the Group foresees the benefits from its recent capital outlay on redevelopment program as its major assets come back online, particularly the Group’s advanced recycling facility in West Melbourne and recycling and landfill asset at Paton’s Lane.

BIN stock price was down by 1.608% to last trade at A$1.530 on 29 March 2019. The stock has closed at a price to earnings multiple of 20.620 x with a market capitalisation of $1.03 billion.

Over the past 12 months, BIN stock price has witnessed a decline of 42.16% including a negative price movement of 17.94% recorded in the past three months.

Coles Group Limited (ASX: COL)

Supermarket giant, Coles Group Limited (ASX: COL) is into the business of consumer products including fresh food, groceries, liquor, fuel, household goods, and financial services.

As per 1HFY19 results, the Group has achieved over 30% online sales growth generating $1 billion in sales on a rolling 12-month basis. It is in the process of introducing innovation trials with new store formats in Supermarkets and standalone Express.

Coles aims to base its pillar on long-term growth as it invested a $950 million in supply chain automation and New Alliance Agreement with Viva Energy. The New Alliance Agreement has been inked between Coles Express and Viva Energy until 2029, which is expected to deliver a competitive customer offer, positioning Express to be Australia’s leading convenience retailer.

For FY19, the Group narrowed down its net CapEx guidance to $700-$800 million due to timely completion of the project expected during the remaining of the year. It further intends to pay the initial amount relating to the Supply Chain Modernisation project in the second half.

Coles expects its total project spend to reach approximately $950 million over six years. The Group aims to secure maximum returns over the medium term based on the capital allocation strategy.

COL stock price was up by 0.169% to last trade at $11.850 on 29 March 2019. The stock closed at 21.380x with a market capitalisation of $15.78 billion. In the year-to-date, the stock has returned a marginal 1.02% return including a negative price change of 1.42% over the past three months.


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