0001 GMT - Propel Funeral Partners has enough funds to do more M&A, cementing Macquarie's outperform call on the stock. Propel Funeral Partners has roughly 10% of the market for funerals in Australia and New Zealand, which is less than half of its largest competitor, the bank says. "Acquisitions represent material upside risk to our forecasts, as we do not include any potential M&A," says Macquarie. Propel Funeral Partners has funding capacity of A$144 million, and its management has flagged A$40 million of acquisitions in FY 2025 isn't out of the ballpark. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 24, 2025 19:01 ET (00:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。