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

$11.45

20 Dec
2024

0.070

OPEN

$11.41

0.62%

HIGH

$11.45

499,359

LOW

$11.27

TARGET
$11.871 3.7% 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 92.4 xxx
DPS (cps) xxx 74.0 64.8 xxx
EPS Growth xxx - 8.7% - 16.5% xxx
DPS Growth xxx 4.2% - 12.4% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 66.8% 70.1% xxx

Dividend yield today if purchased 3 years ago: 5.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.46

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: 10/09 - ex-div 24c (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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

04/09/2024

1

Buy

$13.00

13.54%

Bell Potter asserts consensus estimates for 2024 underlying operating profit of around $363m for Eagers Automotive imply a flat or slightly lower second half, which it considers unlikely.

The broker expects the second-half result will be slightly stronger for two main reasons: the profit from the BYD retail joint venture should improve to around $16m (from circa $9m in H1) or more, given excess inventory has been cleared, and the company will also receive its annual payment from Toyota during the half.

One potential catalyst is forecast upgrades over the next few months, which may occur if the market remains robust. Buy rating and $13 target.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 66.50 cents and EPS of 90.70 cents.
Bell Potter forecasts a full year FY25 dividend of 73.00 cents and EPS of 102.20 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

3

xxxx

$xx.xx

xx.xx%

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Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

27/08/2024

3

Downgrade to Hold from Buy

$11.51

0.52%

Eagers Automotive's June-half result nosed out guidance but Moelis observes gross profit margins disappointed, falling to 17.8% from 18.8% at December 31due to pressure on new car margins and excess BYD stock (cleared through discounting).

A jump in interest costs and inventory also hit profit before tax margins. Moelis spies little relief for margins over the next few years but suspects the company does have levers it can pull on the revenue and productivity front that could mitigate some of the impact.

Net operating cash flow fell -35% to $228m and the company closed the year with a strong balance sheet and net debt of $494.1m, observed Moelis.

On the upside, management retained FY24 guidance, forecasting more than $1bn topline growth advising demand remained robust.

EPS forecasts are downgraded -5% to -10% over FY24 and FY25 to reflect the margin-compression outlook.

Rating downgraded to Hold from Buy. Target price falls to $11.51 (it was $12.41 in June).

FORECAST
Moelis forecasts a full year FY24 dividend of 59.60 cents and EPS of 89.10 cents.
Moelis forecasts a full year FY25 dividend of 59.30 cents and EPS of 85.80 cents.

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

APE STOCK CHART

FNArena News on APE

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

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2
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Australian Broker Call *Extra* Edition – Sep 11, 2024

Sep 11 2024 - Daily Market Reports

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