25-May-2023: Wilson's Broker Report: Wilsons-Universal-Store-UNI-Still-A-Quality-Outfit-Rec-Overweight-25-May-2023.pdf

Titled "O/W: Still a Quality Outfit", Wilson's maintain their "Overweight" rating on UNI, however their target price has been reduced by -40.0% to $4.20/share (blended DCF and PE), which reflects average EPS growth of 14.7% pa over three years. Valuation downgrades are compounded by FY24e multiple compression (-7.9% since Wilson's last report on UNI). UNI is trading on a FY24e PE of 10.7x, -16.7% vs. peers on 12.8x. Wilsons believe a premium is warranted due to UNI’s growth profile.

So far today (Friday 26th May 2023 at 3:30 Sydney time) UNI is down -4.46% (or down 14 cps) to $3.00/share.

Disclosure: I do not hold UNI shares.