EROAD LIMITED (ERD)
Share Price Analysis and Chart

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ERD

ERD - EROAD LIMITED

FNArena Sector : Transportation & Logistics
Year End: March
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 0.54
Index: ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.32

25 Nov
2025

0.000

OPEN

$1.31

0.000

HIGH

$1.39

1,123,223

LOW

$1.28

TARGET
$2.50 89.4% upside
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BWN . BXB . CLX . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
ERD: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) - 2.6 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx173.9 M
Book Value Per Share xxxxxxxxxxxxxxx161.2
Net Operating Cash Flow xxxxxxxxxxxxxxx39.3 M
Net Profit Margin xxxxxxxxxxxxxxx0.73 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.44 %
Return on Invested Capital xxxxxxxxxxxxxxx0.40 %
Return on Assets xxxxxxxxxxxxxxx0.31 %
Return on Equity xxxxxxxxxxxxxxx0.44 %
Return on Total Capital xxxxxxxxxxxxxxx1.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx27.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx22 M
Total Debt xxxxxxxxxxxxxxx28 M
Goodwill - Gross xxxxxxxxxxxxxxx115 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx36 M
Price To Book Value xxxxxxxxxxxxxxx0.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx25.8 M
Capex % of Sales xxxxxxxxxxxxxxx14.82 %
Cost of Goods Sold xxxxxxxxxxxxxxx135 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 M
Research & Development xxxxxxxxxxxxxxx19 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

25/11/2025

1

Buy

$2.50

89.39%

Shaw and Partners describes Eroad's 1H26 result as solid, with revenue of NZ$99.1m meeting its estimate and EBITDA of NZ$28.7m slightly falling short, but normalised free cash flow outperforming.

The company re-affirmed FY26 guidance for revenue of NZ$197-203m, annual recurring revenue (ARR) of NZ$175-183m, and free cash flow margin of 5-8%.

The broker notes operating conditions remain tough, with ARR churn largely driven by fleet downsizing. On the positive side, a new Cleanaway contract in Australia adds to ARR at much higher ARPU, supporting the broker's view the company is undervalued.

Buy, High Risk. Target unchanged at $2.50.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.63 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.99 cents.
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

4

xxxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Moelis

21/11/2025

1

Buy

$2.32

75.76%

Post the announcement of the loss of a big North American customer, Eroad's share price fell and is now well below its recent high of $2.63, Moelis notes.

The current market price is not viewed as ascribing little or any value to the company's North American operations.

The analyst points to the NZ government's plans to replace fuel excise taxes with distance based charges and Eroad is the country's leading provider of electronic road user charges (eRUC) to heavy vehicle fleets.

Commentary highlights NZ remains the main earnings driver for the company where it has retained its market share.

Buy rating retained with a $2.32 target price.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.63 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.72 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

-

xx.xx%

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Access Extra Coverage Research History >

ERD STOCK CHART

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