The upcoming August 2024 reporting season will draw the line under a difficult year for Australian retailers in which they navigated soft demand and soaring labor costs. The combination results in a profit margin crunch and declining earnings for many retailers.
As the predominant supplier of packaged groceries to independent retailers, Metcash has a quasi-monopolistic market position and can maintain above-average returns on capital.
Intense competition between Coles, Woolworths, and Aldi is likely reduce sales volumes of the independent channel and could make it increasingly hard for Metcash to support its customers in matching shelf prices of the majors.
|
Metric
|
MTS
|
COL
|
WOW
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.73 | 20.82 | 24.06 |
Price/Book Value | 2.58 | 6.45 | 8.05 |
Price/Sales | 0.23 | 0.55 | 0.63 |
Price/Cash Flow | 7.44 | 8.42 | 7.94 |
|
Metric
|
MTS
|
COL
|
WOW
|
|---|---|---|---|
Quick Ratio | 0.63 | 0.23 | 0.22 |
Current Ratio | 1.08 | 0.66 | 0.58 |
Interest Coverage | 5.54 | 4.44 | 0.98 |
|
Metric
|
MTS
|
COL
|
WOW
|
|---|---|---|---|
Return on Assets (Normalized) | 5.23% | 5.30% | 6.12% |
Return on Equity (Normalized) | 26.49% | 29.56% | 34.66% |
Return on Invested Capital (Normalized) | 13.34% | 10.48% | 9.19% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Sysco Corp
SYY
| Lrbrmdsh | Zbxj | $34.9 Bil | |||
| US Foods Holding Corp
USFD
| Fsjpjgcx | Pgcs | $13.0 Bil | |||
| Bunzl PLC
BZLFF
| — | Lpsvt | $12.9 Bil | |||
| Bunzl PLC ADR
BZLFY
| — | Ktlcpr | $12.9 Bil | |||
| Jeronimo Martins SGPS SA ADR
JRONY
| — | Bsfysv | $12.9 Bil | |||
| Performance Food Group Co
PFGC
| Pvfbzywsw | Hpz | $10.0 Bil | |||
| CP Axtra PCL Units Non-Voting Depository Receipt
SMKUF
| — | Rdpy | $7.8 Bil | |||
| Bid Corp Ltd ADR
BDDDY
| — | Htdpzvs | $7.7 Bil | |||
| Bid Corp Ltd
BPPPF
| — | Wdwlsp | $7.7 Bil | |||
| Olam Group Ltd
OLGPF
| — | Ylm | $3.2 Bil |
