MOTORCYCLE HOLDINGS LIMITED (MTO)
Share Price Analysis and Chart

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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

$1.925

13 Dec
2024

-0.025

OPEN

$1.95

-1.28%

HIGH

$1.95

4,509

LOW

$1.92

TARGET
$2.25 16.9% 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 23.0 xxx
DPS (cps) xxx 10.0 12.0 xxx
EPS Growth xxx - 42.1% 20.1% xxx
DPS Growth xxx - 50.0% 20.0% xxx
PE Ratio xxx N/A 8.4 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 52.2% 52.2% xxx

Dividend yield today if purchased 3 years ago: 3.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.19

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 © 2024 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

28/11/2024

1

Add

$2.25

16.88%

Motorcycle Holdings announced a positive trading update for the four months to October at the AGM. Morgans notes higher-than-expected sales growth of 8% compared to the previous corresponding period, including Mojo sales up 6%, services and repairs up 8%, and finance and insurance up 5%.

Wholesale parts and accessories grew 5%, while retail increased 6%. Management highlighted the cost of doing business remained challenging, with operating expenses advancing 5% over the period. Despite this, the company improved its earnings margin.

Morgans upgrades EPS forecasts by 9.7% for FY25 and 9.1% for FY26.

The target price increases to $2.25 from $1.90 with an unchanged Add rating.

FORECAST
Morgans forecasts a full year FY25 dividend of 12.00 cents and EPS of 23.00 cents.
Morgans forecasts a full year FY26 dividend of 13.00 cents and EPS of 26.00 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

10/12/2024

1

Buy

$2.60

35.06%

Moelis notes a stronger-than-expected year-to-date trading update for Motorcycle Holdings, with revenues rising by 8% year-on-year.

Growth was driven by a 13% increase in used bike retail units and gains in parts, accessories, and service revenues, explains the broker.

The analysts highlight the company’s cost management initiatives, including property consolidation and system upgrades, which are expected to offset rising expenses.

The addition of new CFMOTO models continues to expand market share and support margin growth, observes the broker.

Moelis implements substantial EPS upgrades of 20-30% for FY25-27 forecasts, reflecting operating leverage as the business recovers from cyclical lows. The new management team is seen as well-placed to execute strategic growth initiatives.

Buy rating. The target price rises to $2.60 from $2.37.

FORECAST
Moelis forecasts a full year FY25 dividend of 13.10 cents and EPS of 23.30 cents.
Moelis forecasts a full year FY26 dividend of 14.70 cents and EPS of 26.70 cents.

MTO STOCK CHART