EVT's Medium-Term Growth Driven by High-Margin Managed Hotel Agreements, Near-Term Cinema Rebound, Jarden Says

MT Newswires Live
07/10

EVT's (ASX:EVT) medium-term growth is driven by high-margin managed hotel agreements, plus a cinema rebound in the near-term, with the property portfolio anchoring EVT's valuation, Jarden said in a Thursday note.

EVT runs three main divisions, hospitality, entertainment, and leisure, underpinned by an around AU$2.3 billion property portfolio.

It forecast a fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) growth of 3% to AU$166 million, weighed down mostly by hotel refurbishments. In fiscal year 2027, an unwinding of the refurbishments, additional contribution from EVT Connect, and a healthy film slate supports 12% growth to AU$187 million.

The investment firm downgraded EVT to overweight from buy and cut the price target to AU$14.80 per share from AU$16.62 per share.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10