Metcash Limited (MG9) Stock Price & Analysis
MG9 Stock Chart & Stats
- Day’s Range
- EUR 1.99 - EUR 1.99
- 52-Week Range
- EUR 1.60 - EUR 2.20
- Previous Close
- EUR 1.98
- Volume
- N/A
- Average Volume (3M)
- 83
- Market Cap
- EUR 2.22B
- Enterprise Value
- EUR 4.86B
- Total Cash (Recent Filing)
- EUR 67.20M
- Total Debt (Recent Filing)
- EUR 1.90B
- Price to Earnings (P/E)
- 12.8
- Beta
- 0.29
- Next Earnings
- Dec 07, 2026 (Est.)
- EPS Estimate
- 0.07
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 7.35%
Bulls Say, Bears Say
Bulls Say
Underlying Revenue Growth
Underlying revenue growth excluding tobacco indicates that Metcash is still expanding its core wholesale and distribution activity despite portfolio changes. Combined with EBITDA growth, this supports the durability of retailer relationships, network scale and operating leverage over the next several quarters.
Strong Cash Generation
Strong operating cash flow and cash realization demonstrate that reported earnings are converting into liquidity, supporting investment, dividends and debt management. This provides financial flexibility for strategic initiatives while reducing dependence on external funding to sustain the business.
Food And Liquor Market Position
Food EBIT growth and sustained liquor share gains point to improving relevance within independent retail rather than merely cyclical volume growth. Broader category diversification and stronger network participation can reinforce Metcash’s position and support recurring wholesale volumes.
Bears Say
Thin And Volatile Margins
Metcash operates with limited profit cushion because distribution margins are structurally thin. Gross-margin volatility can therefore translate quickly into earnings pressure, leaving less capacity to absorb competitive pricing, mix changes or weaker trading conditions without affecting profitability.
Leverage And Rising Finance Costs
Debt above equity and higher expected finance costs will absorb more of the cash generated by operations. This reduces flexibility for acquisitions, technology investment and shareholder returns, while making earnings more sensitive to margin weakness or changes in financing conditions.
Structural Tobacco Earnings Decline
The loss of tobacco sales is a multi-year structural drag on headline revenue and earnings rather than a temporary trading fluctuation. Lower tobacco volumes also reduce associated basket sales, making comparable growth harder and requiring other categories to replace lost contribution.
Metcash Limited News
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Metcash Limited Stock Smart Score
Company Description
Metcash Limited
Metcash Limited functions as a leading wholesale distribution and marketing enterprise with operations spanning both Australia and New Zealand. The company's activities are organized into three primary business units: Food, Liquor, and Hardware. Its Food division is responsible for supplying an extensive array of products and support services to independently owned supermarkets and convenience retail establishments. The Liquor segment concentrates on delivering alcoholic beverages to various independent retail outlets and hospitality venues. Furthermore, the Hardware division not only distributes hardware supplies to independent retailers but also directly oversees and operates its own network of retail stores. Metcash markets its diverse product portfolio under well-known brand names such as IGA, Foodland, Mitre 10, Home Hardware, Total Tools, Cellarbrations, IGA Liquor, and Bottle-O. Established in 1920, Metcash Limited maintains its corporate headquarters in Macquarie Park, Australia.
- Sector
- Consumerdefensive
- Industry
- Food Distribution
- CEO
- Douglas Jones
- Employees
- 14,000
- Website
- www.metcash.com
- Address
- 1 Thomas Holt Drive, Macquarie Park, NSW, 2113, AU
Metcash Limited (MG9) Earnings & Revenues
MG9 Company Deck
MG9 Earnings Call
Earnings Call SentimentPositive
The call conveyed a predominantly constructive picture: resilient underlying revenue growth (3.8% ex-tobacco), EBITDA expansion (3.5%), strong cash conversion (three-year cash realisation ~104%), and active strategic progress (Project Horizon, retail media partnership, retail ownership rollout). Offsetting these positives are notable cyclical and structural headwinds—hardware retail margins under pressure, the material decline in tobacco sales (AUD 1.8 billion lost revenue; ~AUD 25m earnings impact), an FY27 AUD 10m excise-related headwind, and rising depreciation and finance costs. Management emphasised disciplined capital allocation, cost savings actions, and platform resilience, suggesting the positives outweigh the negatives in the near term.
View all DE:MG9 earnings summariesMG9 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 2 | 5 |
| Technical Analysis | 3 | 2 | 5 |
| Moving Averages | 12 | 0 | 0 |
