Wesfarmers

Posted on | by Leon Hinde | Leave a Comment on Wesfarmers

Wesfarmers

Update 17/8: Hold short position open.

Earnings Date

  • Upcoming Release: Thursday, 27 August 2026 (FY2026 Full-Year Results).
  • Briefing: Live analyst briefing scheduled for 10:00 AM AWST / 12:00 PM AEST.

Expected Revenue & Growth

  • FY26 Revenue Forecast: ~A$47.1 billion.
  • Expected Revenue Growth: ~3.0% – 4.0% YoY.

Macquarie Tech

Posted on | by Leon Hinde | Leave a Comment on Macquarie Tech

Macquarie Technology Group

Update 14/8: Buy and place the stop loss at $61.09

Update 13/8: Entry condition triggered, buy with a stop loss at $61.09

Full-Year FY26 Consensus Forecast: Analysts expect full-year FY26 revenue in the range of A$380M – A$390M, representing a year-over-year revenue growth of roughly 3% to 5% compared to FY25

Valuation & Comparative Context

  • Trailing P/E (TTM): ~48.5x – 50.7x (based on recent reported 12-month net profit).
  • Why the Forward P/E expand relative to Trailing: Net profit after tax (NPAT) is temporarily compressed in the near term due to significant growth capital expenditures—specifically heavy ongoing investments into data centre capacity (e.g., IC3 SuperWest) and increased depreciation/financing costs.

EV/EBITDA Multiple: Shares trade at a forward EV/EBITDA of approximately 17.5x – 18.0x, reflecting strong underlying EBITDA cash flow performance relative to net bottom-line profit.

Liontown

Posted on | by Leon Hinde | Leave a Comment on Liontown

Liontown is rated a buy, with a stop-loss at $1.14

Business Activity: Liontown Resources is an Australian tier-one battery minerals producer focused on hard-rock lithium extraction and development. FY26 Full-Year Financial Results: August 31, 2026

Expected Revenue & Growth

  • Ramp-Up Trajectory: Revenue has scaled rapidly as the Kathleen Valley Lithium Operation progresses through underground development and production ramp-up.

Looking into FY27, analysts forecast a return to strong bottom-line profitability, with net profit consensus estimated in the range of A$465 million to A$530+ million,