Morningstar sees lower supermarket, liquor sales hitting Australia's Metcash

Metcash

15/04/2026 20:15

** Morningstar trims fair value estimate for MetcashMTS.AX by 7% to A$3.80

** Research firm trims valuation for wholesaler largely due to lower supermarket sales, which account for a third of the company's operating earnings

** Morningstar adds that grocers supplied by co are underperforming major chains

** Morningstar also sees less liquor sales, says younger people drinking less

** For tobacco, Morningstar sees illicit sales and long-term trend of less smoking hitting sales

** 6 of 12 analysts rate stock "buy" or higher on stock; the remaining half recommend "hold", LSEG-compiled data shows

** YTD, MTS shares are down 9.1%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))