The CSL Limited (ASX: CSL) share price is higher today amid one broker tipping the stock could hit $400 by 2025. Here's why they think so.
Does CSL expect a foreign currency headwind in fiscal 2023?
CSL now expects a foreign currency headwind in fiscal 2023 of USD $230 million-USD $250 million versus previous guidance of USD $175 million. We decrease our fiscal 2023 underlying net profit after tax forecast by just 1% to USD $2.3 billion. However, we decrease our underlying NPAT forecasts over the next three years by an average of 7%.
How much will a stock dividend increase in FY 2025?
Finally, the following year in FY 2025, the broker is expecting another increase. It is estimating a US$3.47 (A$5.04) per share dividend that year. This is an increase of 8.1% and equates to a yield of 1.75%.
