METCASHLTD FPO [MTS] (MTS.AX)
Consumer Defensive · ASX · Australia
Fundamentals
Valuation and ratings
METCASHLTD FPO [MTS] trades at AUD2.97, which is 28% above the AUD2.13 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 20 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 11.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MTS.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | AUD0.095 | 1 |
| 2025 | AUD0.180 | 2 |
| 2024 | AUD0.170 | 2 |
| 2023 | AUD0.220 | 2 |
| 2022 | AUD0.225 | 2 |
| 2021 | AUD0.200 | 2 |
| 2020 | AUD0.145 | 2 |
| 2019 | AUD0.130 | 2 |
| 2018 | AUD0.135 | 2 |
| 2017 | AUD0.105 | 2 |
| 2014 | AUD0.155 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About METCASHLTD FPO [MTS]
Metcash Limited operates as a wholesale and distribution company in Australia. The company operates through Food, Liquor, and Hardware segments. Its Food segment distributes a range of products and services to independent supermarket, convenience retail outlets, and food service customers. The Liquor segment engages in the distribution of liquor products to independent retail outlets and hotels. Its Hardware segment distributes hardware products to independent retail outlets; and operates company owned retail stores. The company sells its products under the IGA, Foodland, Mitre 10, Home Hardware, Total Tools, Cellarbrations, IGA Liquor, and the Bottle-O brand names. Metcash Limited was founded in 1927 and is based in Macquarie Park, Australia.
MTS.AX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is METCASHLTD FPO [MTS] (MTS.AX) undervalued?
Against our discounted cash flow estimate of AUD2.13, MTS.AX at AUD2.97 is 28% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is MTS.AX's P/E ratio?
MTS.AX trades at 11.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does METCASHLTD FPO [MTS] (MTS.AX) pay a dividend?
Yes. METCASHLTD FPO [MTS] yields 6.46% at the current share price. It has paid AUD0.180 per share over the trailing twelve months. It has paid a dividend in each of the last 9 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
The full research page for MTS.AX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.