AUTOSPORTS GROUP LIMITED (ASG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

ASG - AUTOSPORTS GROUP LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 4.84
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.07

19 Sep
2024

0.010

OPEN

$2.07

0.49%

HIGH

$2.11

231,783

LOW

$2.07

TARGET
$2.633 27.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ARB . BAP . CAR . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
ASG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 30.3 28.2 xxx
DPS (cps) xxx 18.0 17.0 xxx
EPS Growth xxx - 7.0% - 6.8% xxx
DPS Growth xxx - 5.3% - 5.8% xxx
PE Ratio xxx N/A 7.4 xxx
Dividend Yield xxx N/A 8.1% xxx
Div Pay Ratio(%) xxx 59.4% 60.0% xxx

Dividend yield today if purchased 3 years ago: 7.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.65

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: 16/05 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx30.3
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx2,646.8 M
Book Value Per Share xxxxxxxxxxxxxxx246.0
Net Operating Cash Flow xxxxxxxxxxxxxxx119.5 M
Net Profit Margin xxxxxxxxxxxxxxx2.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.59 %
Return on Invested Capital xxxxxxxxxxxxxxx6.94 %
Return on Assets xxxxxxxxxxxxxxx3.64 %
Return on Equity xxxxxxxxxxxxxxx12.59 %
Return on Total Capital xxxxxxxxxxxxxxx10.17 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx50.2 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 xxxxxxxxxxxxxxx620 M
Long Term Debt xxxxxxxxxxxxxxx372 M
Total Debt xxxxxxxxxxxxxxx992 M
Goodwill - Gross xxxxxxxxxxxxxxx649 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx36 M
Price To Book Value xxxxxxxxxxxxxxx0.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx29.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,395 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx106 M
Research & Development xxxxxxxxxxxxxxx-
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

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

26/08/2024

3

Neutral

$2.20

6.28%

In a review of Autosports Group's FY24 results, Citi admires a "solid" outcome and management's ability to mitigate falling gross margins. Thanks to a skew to the luxury market (less impacted by competition) outperformance is expected over the next year.

Autosports also announced the acquisition of Stillwell Motor Group for -$55m, which the analysts note will add circa $345m revenue on an annualised basis.

The broker's target price decreases to $2.20 from $2.25, partly due to earnings changes and reduced market multiples. Neutral.

FORECAST
Citi forecasts a full year FY25 dividend of 16.90 cents and EPS of 26.50 cents.
Citi forecasts a full year FY26 dividend of 19.00 cents and EPS of 29.20 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

27/08/2024

3

Downgrade to Hold from Buy

$2.30

11.11%

Autosports Group's FY24 result missed consensus' forecasts by -7% and Moelis' forecasts by -14% (on a pre-AASB16 basis) as revenue fell and gross profit margins slumped to 19.5% from 20.1% with margin weakness skewed to the second half, observes the broker.

No FY25 guidance was provided but management expects the new car market will be subject to strong competition for some time.

Moelis attributes the margin fall to discounting arising from excess new car inventory. Operating cash flow fell -28% on the previous corresponding year, to $119.5m. 

The broker expects the Stillwell Motor Group acquisition will be single-digit EPS accretive, funded from cash, and observes the company's balance sheet should rule out further M&A for a year.

EPS forecasts fall -10% in FY25 and FY26 to reflect margin pressures.

Rating is downgraded to Hold from Buy. Target price falls to $2.30.

FORECAST
Moelis forecasts a full year FY25 dividend of 15.70 cents and EPS of 29.00 cents.
Moelis forecasts a full year FY26 dividend of 13.50 cents and EPS of 24.70 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

ASG STOCK CHART

FNArena News on ASG

1
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-08-24

Aug 30 2024 - Weekly Reports
3
Rudi’s View: August Trends Have Darkened

Aug 28 2024 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 27, 2024

Aug 27 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 26-08-2024

Aug 26 2024 - Australia

Latest Automobiles & Components News

1
ARB Corp’s Making America Great(er)

Sep 11 2024 - Small Caps
2
Is Supply Network A Forever Stock?

Sep 05 2024 - Small Caps
3
PWR Holdings Revs Up For FY26 Growth

Aug 21 2024 - Small Caps
4
Resilient CAR Group Motors On

Aug 16 2024 - Australia
5
Premium ARB Corp Keeps Delivering The Goods

May 16 2024 - Small Caps
6
Luxury Cars Still Selling For Autosports

Nov 28 2023 - Small Caps
7
Carsales Cruising Here And Overseas

Aug 16 2023 - Australia
8
Focus On GUD Holdings

Jul 11 2023 - Technicals
9
Carsales Set To Break Out

Apr 18 2023 - Technicals
10
PWR Holdings Excited About Aerospace Potential

Feb 21 2023 - Small Caps