PETER WARREN AUTOMOTIVE HOLDINGS LIMITED (PWR)
Share Price Analysis and Chart

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PWR - PETER WARREN AUTOMOTIVE HOLDINGS LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 4.24
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.91

22 Jul
2024

0.005

OPEN

$1.93

0.26%

HIGH

$1.95

41,611

LOW

$1.90

TARGET
$1.883 -1.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ARB . ASG . BAP . CAR . IFM . MTO . MXI . PWH . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
PWR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 32.8 22.4 xxx
DPS (cps) xxx 22.0 14.8 xxx
EPS Growth xxx - 1.7% - 31.6% xxx
DPS Growth xxx 0.0% - 32.6% xxx
PE Ratio xxx N/A 8.4 xxx
Dividend Yield xxx N/A 7.9% xxx
Div Pay Ratio(%) xxx 67.1% 66.1% xxx

Dividend yield today if purchased 3 years ago: 6.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 11.70

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: 27/02 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx32.8
DPS All xxxxxxxxxxxxxxx22.0
Sales/Revenue xxxxxxxxxxxxxxx2,060.4 M
Book Value Per Share xxxxxxxxxxxxxxx299.6
Net Operating Cash Flow xxxxxxxxxxxxxxx73.8 M
Net Profit Margin xxxxxxxxxxxxxxx2.74 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.35 %
Return on Invested Capital xxxxxxxxxxxxxxx7.44 %
Return on Assets xxxxxxxxxxxxxxx4.89 %
Return on Equity xxxxxxxxxxxxxxx11.35 %
Return on Total Capital xxxxxxxxxxxxxxx10.18 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx22.1 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 xxxxxxxxxxxxxxx322 M
Long Term Debt xxxxxxxxxxxxxxx254 M
Total Debt xxxxxxxxxxxxxxx575 M
Goodwill - Gross xxxxxxxxxxxxxxx239 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx56 M
Price To Book Value xxxxxxxxxxxxxxx0.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx10.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,895 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx60 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

-0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

29/05/2024

3

Downgrade to Hold from Buy

$1.95

2.09%

Ord Minnett assesses the recent trading update from Peter Warren Automotive as weaker than expected, with new car margins being crimped due to improved supply and lower demand.

The analyst notes the weakness is unsurprising given some of the recent announcements from competitors.

Management points to revenue holding up, but lower margins underpin a decrease in profit before tax guidance of $52-57m for FY24.

The broker highlights this implies a significant reduction in margins, with 2H2024 profit before tax expected to fall to a $20m mid-point.

The earnings estimates are downgraded substantially. The rating is downgraded to Hold from Buy with the target price reduced to $1.95 from $3.30.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 13.80 cents and EPS of 22.10 cents.
Ord Minnett forecasts a full year FY25 dividend of 9.70 cents and EPS of 16.20 cents.

Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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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

Moelis

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Jarden

05/03/2024

1

Buy

$2.75

43.98%

First half results beat Jarden's estimates but were overshadowed by -200 basis points of gross margin compression.

The broker acknowledges the headline gross profit margin from Peter Warren Automotive was not as bad as initially assessed, with half the miss due to a mix shift, and as finance & insurance revenue dragged and apprentice government subsidies rolled off.

A Buy rating is maintained noting the stock trades at a -32% discount to Eagers Automotive ((APE)), yet faces similar market conditions. Target is reduced to $2.75 from $3.20.

FORECAST
Jarden forecasts a full year FY24 dividend of 16.70 cents and EPS of 27.80 cents.
Jarden forecasts a full year FY25 dividend of 14.20 cents and EPS of 23.70 cents.
Access Stockbroker Research History >

PWR STOCK CHART

FNArena News on PWR

1
Weekly Ratings, Targets, Forecast Changes – 07-06-24

Jun 11 2024 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 07-06-24

Jun 07 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Jun 06, 2024

Jun 06 2024 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 31-05-24

Jun 03 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Mar 05, 2024

Mar 05 2024 - Daily Market Reports

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