EAGERS AUTOMOTIVE LIMITED (APE)
Share Price Analysis and Chart

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APE - EAGERS AUTOMOTIVE LIMITED

FNArena Sector : Automobiles & Components
Year End: December
GICS Industry Group : Retailing
Debt/EBITDA: 3.92
Index: ASX200 | ASX300 | ALL-ORDS

Eagers Automotive is the largest car and truck dealership group in Australia. Originally founded in 1913 by Edward Eager the company has been listed since 1957 and in 2020 acquired its major competitor Automotive Holdings, now reflected in the group's name.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.51

22 Jul
2024

-0.030

OPEN

$10.45

-0.28%

HIGH

$10.60

527,920

LOW

$10.45

TARGET
$12.279 16.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . ARB . ASG . BAP . CAR . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
APE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 110.7 96.9 xxx
DPS (cps) xxx 74.0 67.5 xxx
EPS Growth xxx - 8.7% - 12.5% xxx
DPS Growth xxx 4.2% - 8.8% xxx
PE Ratio xxx N/A 10.9 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 66.8% 69.7% xxx

Dividend yield today if purchased 3 years ago: 4.81%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.01

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/03 - ex-div 50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx110.7
DPS All xxxxxxxxxxxxxxx74.0
Sales/Revenue xxxxxxxxxxxxxxx9,851.7 M
Book Value Per Share xxxxxxxxxxxxxxx494.4
Net Operating Cash Flow xxxxxxxxxxxxxxx416.3 M
Net Profit Margin xxxxxxxxxxxxxxx2.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx22.72 %
Return on Invested Capital xxxxxxxxxxxxxxx11.47 %
Return on Assets xxxxxxxxxxxxxxx6.20 %
Return on Equity xxxxxxxxxxxxxxx22.72 %
Return on Total Capital xxxxxxxxxxxxxxx14.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx159.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,480 M
Long Term Debt xxxxxxxxxxxxxxx1,194 M
Total Debt xxxxxxxxxxxxxxx2,674 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx222 M
Price To Book Value xxxxxxxxxxxxxxx2.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx74.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,858 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx433 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx66 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

12/06/2024

1

Buy

$12.80

21.79%

Ord Minnett finds management offered a "well-articulated strategy" at the Eagers Automotive investor day.

The broker's key takeaways include potential return-on-sales (ROS) margin upside of up to 1.9%, driven by lower property costs, better leveraging of people and technology, and higher finance and insurance pricing.

The Easyauto123 (second hand cars) business continues to experience increasing profit per unit, and the Automall strategy has a good pipeline, which is expected to improve margins, highlights the analyst.

No significant updates have been made to financial forecasts. Buy rating and $12.80 target unchanged.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 65.00 cents and EPS of 93.10 cents.
Ord Minnett forecasts a full year FY25 dividend of 60.00 cents and EPS of 83.20 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Wilsons

17/06/2024

3

Market Weight

$10.47

-0.38%

Eagers Automotive's investor day highlighted strategic growth initiatives including the Automall property strategy, enhanced productivity through people and technology, and increased finance and insurance (F&I) penetration, explains Wilsons .

Potential upside from these initiatives is countered by the ongoing uncertainty on near-term profitability associated with the correction in vehicle supply and demand, explains the broker.

The Market Weight rating and $10.47 target are maintained.

FORECAST
Wilsons forecasts a full year FY24 dividend of 66.00 cents and EPS of 96.90 cents.
Wilsons forecasts a full year FY25 dividend of 68.90 cents and EPS of 101.70 cents.

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

APE STOCK CHART

FNArena News on APE

1
Australian Broker Call *Extra* Edition – Jul 09, 2024

Jul 09 2024 - Daily Market Reports
2
Rudi’s View: Diverging Risks In A Polarised Market

Jul 03 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jun 21, 2024

Jun 21 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jun 17, 2024

Jun 17 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – May 30, 2024

May 30 2024 - Daily Market Reports

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