EROAD LIMITED (ERD)
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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:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.25

28 May
2025

0.170

OPEN

$1.17

15.74%

HIGH

$1.28

868,145

LOW

$1.17

TARGET
$1.80

+0.40 change from previous day

 44.0% upside
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . KLS . KSC . LAU . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
ERD: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 2.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 45.6 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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

29/05/2025

1

Buy, High Risk

$1.80

44.00%

Shaw and Partners describes Eroad’s FY25 result as a key inflection point, noting free cash flow rose to NZ$16m in FY25, or NZ$23.6m on a normalised basis, marking a turnaround from negative results in prior years.

Revenue reached NZ$194.4m, at the top end of guidance and slightly above the broker’s forecast, while earnings (EBITDA) of NZ$9.9m beat the top end of the NZ$5-10m guidance range.

US growth confidence lifted with the company providing deal pipeline detail for the first time and maintaining a medium-term annual recurring revenue (ARR) growth target of 11-13%, note the analysts.

Shaw raises its target price to $1.80 from $1.40 and retains a Buy, High Risk rating.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.83 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.74 cents.
Access Stockbroker Research History >
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

Canaccord Genuity

29/05/2025

1

Buy

-

-

Canaccord Genuity highlights Eroad beat its forecasts for FY25 revenue, EBIT and free cash flow for three consecutive years.

The company's FY26 revenue guidance of over NZ$205m was higher than the broker's forecast, prompting an upward revision. Deal pipeline continues to increase with opportunities for FY26 in North America.

The broker lifted FY26-28 revenue forecasts but cut EBITDA forecasts due to more expensing of R&D costs.

Buy. Target rises to NZ$2.00 from NZ$1.60.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.38 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 7.93 cents.
Access Extra Coverage Research History >

ERD STOCK CHART

FNArena News on ERD

1
FNArena Corporate Results Monitor – 09-12-2024

Dec 09 2024 - Australia
2
Australian Broker Call *Extra* Edition – Jul 03, 2024

Jul 03 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jun 03, 2024

Jun 03 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – May 30, 2024

May 30 2024 - Daily Market Reports
5
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Dec 18 2023 - Weekly Reports

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