PWR HOLDINGS LIMITED (PWH)
Share Price Analysis and Chart

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PWH - PWR HOLDINGS LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Automobiles & Components
Debt/EBITDA: 0.37
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.36

15 Nov
2024

0.080

OPEN

$9.31

0.86%

HIGH

$9.36

68,339

LOW

$9.21

TARGET
$10.45 11.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ARB . ASG . BAP . CAR . IFM . MTO . MXI . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
PWH: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 24.7 22.4 xxx
DPS (cps) xxx 14.0 13.0 xxx
EPS Growth xxx 13.9% - 9.4% xxx
DPS Growth xxx 12.0% - 7.1% xxx
PE Ratio xxx N/A 41.8 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 56.7% 58.1% xxx

Dividend yield today if purchased 3 years ago: 1.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.50

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: 12/09 - ex-div 9.20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx24.7
DPS All xxxxxxxxxxxxxxx14.0
Sales/Revenue xxxxxxxxxxxxxxx139.4 M
Book Value Per Share xxxxxxxxxxxxxxx99.8
Net Operating Cash Flow xxxxxxxxxxxxxxx33.3 M
Net Profit Margin xxxxxxxxxxxxxxx17.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx26.28 %
Return on Invested Capital xxxxxxxxxxxxxxx22.77 %
Return on Assets xxxxxxxxxxxxxxx18.89 %
Return on Equity xxxxxxxxxxxxxxx26.28 %
Return on Total Capital xxxxxxxxxxxxxxx29.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx7.3 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 xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx16 M
Goodwill - Gross xxxxxxxxxxxxxxx5 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx11.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx12.3 M
Capex % of Sales xxxxxxxxxxxxxxx8.82 %
Cost of Goods Sold xxxxxxxxxxxxxxx95 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx11 M
Research & Development xxxxxxxxxxxxxxx11 M
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

0.3

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

19/08/2024

3

Neutral

$10.85

15.92%

Following last week's FY24 results for PWR Holdings, Citi lowers its FY25-27 profit forecasts by between -12%-23%. This change reflects the broker's more cautious outlook on Motorsports revenue growth, falling AutoOEM revenue, and a reduction in profit margins. 

The broker was disappointed by guidance for flat earnings in FY25 and a substantial capex bill of -$42.3m. Profit margins are not expected to return to circa 20% until FY27 due to a ramp-up period to optimise a new factory and utilisation of staff/equipment.

However, with a 44% increase in Automotive and Defence (A&D) programs over the next two years Citi increases its revenue forecasts by 8% and 11% for FY25 and FY26.

The Neutral, High risk rating is improved to Neutral. The target falls by -17% to $10.85.

UBS

xx/xx/xxxx

3

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

xxxx

$xx.xx

xx.xx%

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Goldman Sachs

20/08/2024

1

Buy

$11.50

22.86%

PWR Holdings' FY24 profit was -7% below consensus with guidance for margins to be impacted in the near term.

Long-term growth prospects remain unchanged, Goldman Sachs posits, with the company investing to increase capacity with the transition to a new Australian facility in FY26.

Goldman Sachs notes timing of revenue and programs can often impact PWR Holdings' results.

No formal earnings guidance has been provided, however, management expects margins to be impacted in FY25 which is considered a ‘Transition Year’ given the move to the new facility.

Buy retained. Target is lowered to $11.50 from $13.40.

FORECAST
Goldman Sachs forecasts a full year FY25 EPS of 26.00 cents.
Goldman Sachs forecasts a full year FY26 EPS of 32.00 cents.

PWH STOCK CHART