- Net Income: A$101.5 million, up 68% year-on-year (YoY), but below estimate of A$110.5 million.
- Underlying NPAT: A$109.2 million, slightly below estimate of A$112.9 million.
- EBITDA: A$471.1 million, up 13% YoY.
- Core Poultry Volumes: 476,400 tons, up 2.8% YoY.
- Revenue: A$3.26 billion, up 7.2% YoY, met estimates.
- Australia Revenue: A$2.76 billion, up 6.3% YoY, met estimates.
- New Zealand Revenue: A$501.9 million, up 12% YoY, above estimate of A$487.6 million.
- Final Dividend per Share: A$0.080.
- Underlying EBITDA: A$471.2 million, up 8.6% YoY.
- FY25 Underlying EBITDA Pre-AASB 16: Estimated at A$236M-A$250M.
- FY25 Capital Expenditure: Estimated at ~A$100M.
- FY25 Core Poultry Volume Growth: Expected to decline by 1% to 3%.
- Consumer Conditions: Expected to remain challenging in the near term.
- Feed Costs: Potentially lower key feed costs may offer some net benefit in FY25.
- FY24 Underlying EBITDA Pre-AASB: A$240.1 million, up 30.8% YoY.
- Renewal of Woolworths Supply Agreement: Phased reduction in annual volume to diversify customer portfolio and align with Woolworths’ supplier mix.
- New Business for FY25: Secured significant new business from other customers.
- FY25 Core Poultry Volume: Expected to be slightly lower due to the new Woolworths agreement and cost-of-living pressures.
- Core Poultry Net Selling Prices: Expected to show modest growth, excluding significant feed cost reductions.
A look at Inghams Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysis of Inghams Group Limited’s Smartkarma Smart Scores paints a mixed picture for the company’s long-term outlook. With a strong showing in Dividend and Growth scores of 4 each, Inghams appears to be well-positioned to provide consistent dividends to its investors while also demonstrating potential for future expansion. This indicates financial stability and room for growth in the company’s operations.
However, Inghams‘ Value and Resilience scores of 2 each suggest that there may be areas of concern regarding the company’s current valuation and ability to weather potential market downturns. In contrast, the Momentum score of 4 indicates that Inghams has positive market momentum, which could bode well for its future stock performance. Overall, Inghams Group Limited, a producer of poultry products in Australia and New Zealand, presents a mix of strengths and weaknesses in various aspects, which investors should consider when evaluating its long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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