EROAD LIMITED (ERD)
Share Price Analysis and Chart

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ERD - EROAD LIMITED

FNArena Sector : Transportation & Logistics
Year End: March
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 1.01
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.80

21 Nov
2024

0.000

OPEN

$0.80

0.000

HIGH

$0.80

281

LOW

$0.80

TARGET
$1.50 87.5% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
ERD: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 1.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 45.4 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-0.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx165.3 M
Book Value Per Share xxxxxxxxxxxxxxx150.6
Net Operating Cash Flow xxxxxxxxxxxxxxx49.0 M
Net Profit Margin xxxxxxxxxxxxxxx-0.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-0.11 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.09 %
Return on Assets xxxxxxxxxxxxxxx-0.07 %
Return on Equity xxxxxxxxxxxxxxx-0.11 %
Return on Total Capital xxxxxxxxxxxxxxx-3.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx36 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx99 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx0.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx49.6 M
Capex % of Sales xxxxxxxxxxxxxxx30.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx133 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx42 M
Research & Development xxxxxxxxxxxxxxx30 M
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

28/06/2024

1

Initiation of coverage with Buy, High Risk

$1.50

87.50%

Shaw and Partners initiates coverage on Eroad with a Buy, High Risk rating. The company provides telematics products and technology primarily to customers in the trucking industry.

Telematics (which offers 12% market growth) has several structural tailwinds, in particular through the digitisation of road user charge payments, explains the broker. Cash EBITA margins (including capex) are forecast to grow to 7% by FY27 from around -9% in FY24.

The analysts highlight the company has a refreshed strategy in the US, new leadership and is targeting verticals with a demonstrated ability to win. A target of $1.50 is set.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.84 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.32 cents.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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%

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Jarden

03/06/2024

3

Neutral

-

-

Eroad delivered a FY24 result consistent with Jarden's estimates. Revenue of NZ$182m (10% year-on-year growth) exceeded the guidance range of NZ$175-$180m.

The broker notes the result was supported by the expanded agreement with Sysco and execution on management's cost-out program. The CoreHub technology and SaaS solutions are being supplied to Sysco for its fleet of over 9,000 trucks. 

Maiden FY25 revenue guidance is NZ$190-195m, just below the broker's NZ$196m forecast, while FY25 normalised EBIT guidance of NZ$5-10m compares to the broker's NZ$10m estimate.

The Neutral rating is unchanged and the target is raised to NZ$1.05 from NZ95c.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.39 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.70 cents.
Access Extra Coverage Research History >

ERD STOCK CHART

FNArena News on ERD

1
Australian Broker Call *Extra* Edition – Jul 03, 2024

Jul 03 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jun 03, 2024

Jun 03 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – May 30, 2024

May 30 2024 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 15-12-23

Dec 18 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Dec 07, 2023

Dec 07 2023 - Daily Market Reports

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