Marina Go, an insider at Metcash Limited (ASX:MTS), purchased 15,000 shares of the company on December 2, 2023. The acquisition took place at an average price of A$3.32 per share, culminating in a total investment of A$49,845.00. This strategic move reflects Go’s confidence in the company’s future performance as it continues to navigate the competitive retail landscape in Australia.
Metcash Financial Overview
Currently, Metcash boasts a market capitalization of $3.43 billion. The company’s financial ratios indicate a current ratio of 1.13, a quick ratio of 0.72, and a debt-to-equity ratio of 93.04. The price-to-earnings (P/E) ratio stands at 12.52, while the price-to-earnings-growth (PEG) ratio is reported at -4.51. Additionally, Metcash’s beta is -0.10, suggesting a lower volatility compared to the broader market.
The company’s strong fundamentals are complemented by its upcoming interim dividend announcement. Shareholders will receive a dividend of $0.085 per share on January 27, 2024, provided they are on the record as of the same date. This dividend represents a notable yield of 251.0%, with the ex-dividend date set for December 11, 2023. Metcash’s dividend payout ratio is currently at 76.92%, indicating a solid return to its investors.
About Metcash Limited
Metcash Limited operates as a wholesale distribution and marketing company across Australia. It functions through three main segments: Food, Liquor, and Hardware. The Food segment is responsible for distributing a wide array of products and services to independent supermarket and convenience retail outlets. Meanwhile, the Liquor segment focuses on supplying liquor products to independent retail outlets and hotels.
As the company positions itself for future growth, insider transactions like that of Go’s may serve to bolster investor confidence and attract further interest from the market.
