Share

Fast Five: ASX Reporting Season (DMP, FLT, QAN, RWL, ZIP)

Here's our third edition of Fast Five: ASX Reporting Season. We’ll cover Domino’s Pizza Enterprises, Flight Centre, Qantas, Rubicon Water and Zip Co’s results ending 30 June 2022.

Name Ticker Industry Group Market Cap Reporting Period EPS YoY Growth
Domino’s Pizza Enterprises DMP Consumer services $6.2b FY22 -13%
Disclaimer: Market cap as of 25 August 2022

FY22 was a mixed bag for Domino’s as it struggled to deal with inflation. Revenue increased 4.1% to $2.2b off the back of 450 new stores added, and EBITDA declined by 6.4% year-on-year (YoY). Domino’s has a history of growth supported by increasing its store count, and the expansion into Taiwan through an acquisition of 156 stores helped considerably. But overall the period’s results were a disappointment to the market and, with management commentary indicating continued difficulties in mitigating Europe’s inflationary pressures, it seems unlikely that the ANZ division will save the day again.

Name Ticker Industry Group Market Cap Reporting Period EPS YoY Growth
Flight Centre FLT Consumer Consumers $3.5b FY22 34%
Disclaimer: Market cap as of 25 August 2022

Flight Centre saw a significant improvement in FY22, but still generated an underlying $183m EBITDA loss as the industry struggles to return to pre-COVID-19 numbers. The result was expected after previous guidance between $180m and $190m, and the market was impressed that 2H22 saw Flight Centre not only expand into other markets, but break even. With management saying the pains of COVID-19 are mostly in the past for Flight Centre, investors are starting to see clear skies again.

Name Ticker Industry Group Market Cap Reporting Period EPS YoY Growth
Qantas QAN Transportation $8.6b FY22 50%
Disclaimer: Market cap as of 25 August 2022

Despite continuing to have labour issues, Qantas’ results dramatically improved during FY22. Sure, the company reported an EBITDA loss of $245m during 1H22, but as average flight capacity skyrocketed to 50% in 2H22 (from 18% during 1H22), the company managed to pull off a full year EBITDA profit of $281m, surprising the market. While inflation, labour and a significant debt on the balance sheet remain problematic, 2H22 was the first time in a while Qantas’ investors got some real good news.

Name Ticker Industry Group Market Cap Reporting Period EBITDA YoY Growth
Rubicon Water RWL Technology hardware & equipment $205m FY22 -91%
Disclaimer: Market cap as of 25 August 2022

Rubicon Water FY22 results were disappointing to say the least, with revenue declining 20% to $65m and underlying EBITDA dropping 91% to $1.3m YoY. Still, management guidance forecasts EBITDA will increase to $13m in FY23 – close to FY21’s result – as the Asian division is expected to see delayed projects get back on track. And as China announces that it is in yet another drought, Rubicon’s water management and savings solutions in the region are more relevant than ever.

Name Ticker Industry Group Market Cap Reporting Period EBITDA YoY Decline
Zip Co ZIP Diversified financials $667m FY22 -153%
Disclaimer: Market cap as of 25 August 2022

FY22 brought mixed results for Zip Co: the company lost $288m in reported EBITDA, but revenue grew 57% YoY in FY22. The company has a long way to go to regain investors’ trust following its recent share price plunge, but with transactions increasing 80% YoY off the back of a sharp turnaround in the U.S. division, it seems management has taken the first step. Now Zip just needs to focus on getting its costs under control.

This is not a recommendation to invest, as always do your own research

 


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.


Stake logo
Over 7,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2024 Stake. All rights reserved.