MOTORCYCLE HOLDINGS LIMITED (MTO)
Share Price Analysis and Chart

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MTO

MTO - MOTORCYCLE HOLDINGS LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 3.08
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.11

08 Jul
2025

-0.080

OPEN

$3.16

-2.51%

HIGH

$3.20

32,593

LOW

$3.10

TARGET
$4.10 31.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ARB . ASG . BAP . CAR . IFM . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
MTO: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.2 23.7 xxx
DPS (cps) xxx 10.0 15.4 xxx
EPS Growth xxx - 42.1% 24.0% xxx
DPS Growth xxx - 50.0% 54.3% xxx
PE Ratio xxx N/A 13.5 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 52.2% 65.0% xxx

Dividend yield today if purchased 3 years ago: 4.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.13

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: 19/09 - ex-div 7.0c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx19.2
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx582.3 M
Book Value Per Share xxxxxxxxxxxxxxx271.2
Net Operating Cash Flow xxxxxxxxxxxxxxx27.3 M
Net Profit Margin xxxxxxxxxxxxxxx2.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.11 %
Return on Invested Capital xxxxxxxxxxxxxxx4.95 %
Return on Assets xxxxxxxxxxxxxxx3.34 %
Return on Equity xxxxxxxxxxxxxxx7.11 %
Return on Total Capital xxxxxxxxxxxxxxx7.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx13.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx60 M
Long Term Debt xxxxxxxxxxxxxxx84 M
Total Debt xxxxxxxxxxxxxxx145 M
Goodwill - Gross xxxxxxxxxxxxxxx143 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx12 M
Price To Book Value xxxxxxxxxxxxxxx0.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx523 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx32 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6 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

Morgans

02/07/2025

1

Upgrade to Buy from Accumulate

$4.10

31.83%

Morgans raises its target for Motorcycle Holdings to $4.10 from $2.75 and upgrades to Buy from Accumulate. These changes follow the acquisition of seven profitable dealerships from Peter Stevens Motorcycles, including four Harley-Davidson outlets, for -$7-9m.

The broker expects the acquisition will lift the company's national market share to around 20% and be EPS accretive from 1H FY26, with additional upside from operational synergies.

Peter Stevens Motorcycles delivered FY24 revenue of $144m and profit (PBT) of $2.5m, with management at Motorcycle Holdings assuming $150m and $3m respectively in FY26. Gradual margin improvement toward group levels is also expected.

Morgans lifts its FY26 and F27 EPS forecasts by 10.5% and 11.6%, respectively, and suggests the group is well-positioned for further organic and inorganic growth.

FORECAST
Morgans forecasts a full year FY25 dividend of 15.43 cents and EPS of 23.74 cents.
Morgans forecasts a full year FY26 dividend of 18.82 cents and EPS of 31.37 cents.
Access Stockbroker Research History >
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

1

xxx

$xx.xx

xx.xx%

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Wilsons

06/03/2025

3

Market Weight

$2.01

-35.37%

Motorcycle Holdings' first-half FY25 result outperformed expectations, with net profit after tax rising 37% despite a challenging industry backdrop, Wilsons notes.

Revenue grew 12% with gross profit up 10%, though the margin declined to 25.2%. Operating cash flow of $27m improved significantly due to reduced working capital. Net debt, excluding bailment finance, fell -44% to $24m, ahead of forecasts, the broker highlights.

Management remains cautiously optimistic for the second half, focusing on cost control, used motorcycle sales growth, and eCommerce expansion.

Wilsons raises the target to $2.01 from $1.47, reflecting higher forecasts and a valuation multiple increase. Market Weight rated.

FORECAST
Wilsons forecasts a full year FY25 dividend of 16.00 cents and EPS of 25.90 cents.
Wilsons forecasts a full year FY26 dividend of 17.80 cents and EPS of 28.20 cents.
Access Extra Coverage Research History >

MTO STOCK CHART

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