FLEETPARTNERS GROUP LIMITED (FPR)
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FPR - FLEETPARTNERS GROUP LIMITED

FNArena Sector : Vehicle Leasing & Salary Packaging
Year End: September
GICS Industry Group : NONE
Debt/EBITDA: 3.8
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.35

25 Jul
2024

-0.140

OPEN

$3.47

-4.01%

HIGH

$3.48

245,837

LOW

$3.33

TARGET
$3.775 12.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MMS . SGF . SIQ .
FNARENA'S MARKET CONSENSUS FORECASTS
FPR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 30.7 31.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 14.6% 2.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx30.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx676.8 M
Book Value Per Share xxxxxxxxxxxxxxx262.7
Net Operating Cash Flow xxxxxxxxxxxxxxx-56.8 M
Net Profit Margin xxxxxxxxxxxxxxx11.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.90 %
Return on Invested Capital xxxxxxxxxxxxxxx5.07 %
Return on Assets xxxxxxxxxxxxxxx3.79 %
Return on Equity xxxxxxxxxxxxxxx12.90 %
Return on Total Capital xxxxxxxxxxxxxxx9.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-76.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx329 M
Long Term Debt xxxxxxxxxxxxxxx1,056 M
Total Debt xxxxxxxxxxxxxxx1,384 M
Goodwill - Gross xxxxxxxxxxxxxxx441 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx247 M
Price To Book Value xxxxxxxxxxxxxxx1.04

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx19.5 M
Capex % of Sales xxxxxxxxxxxxxxx2.89 %
Cost of Goods Sold xxxxxxxxxxxxxxx408 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx89 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx34 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

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

15/05/2024

1

Buy

$4.10

22.39%

After further deliberation on FleetPartners Group's 1H result, Citi lowers its target to $4.10 from $4.20 to reflect the analysts' earnings changes and alterations to market multiples.

A summary of the broker's research yesterday follows.

FleetPartners Group's 1H net operating income (NOI) of $110m slightly missed the Citi forecast for $112m, while end-of-lease (EOL) income beat forecasts by the broker and consensus by 5% and 28%, respectively.

This greater EOL income was offset by lower NOI pre-EOL and provisions, explain the analysts.

Management increased FY24 opex guidance to $89-90m, largely due to increased new business writings (NBW) activity. NBW of $448m was -7% below Citi's estimate of $479m, though order activity is considered positive, given a seasonally soft January.

FORECAST
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 30.50 cents.
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 31.40 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Stockbroker Research History >

FPR STOCK CHART

FNArena News on FPR

1
Weekly Ratings, Targets, Forecast Changes – 17-05-24

May 20 2024 - Weekly Reports
2
FNArena Corporate Results Monitor – 17-05-2024

May 17 2024 - Australia
3
FleetPartners Green Outlook Is Electrifying

May 15 2024 - Small Caps
4
Next Week At A Glance – 6-10 May 2024

May 03 2024 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 17-11-23

Nov 20 2023 - Weekly Reports

Latest Vehicle Leasing & Salary Packaging News

1
FleetPartners Green Outlook Is Electrifying

May 15 2024 - Small Caps
2
Treasure Chest: Less Uncertainty For SG Fleet

Mar 13 2024 - Treasure Chest
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Dec 12 2023 - Australia
4
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May 24 2023 - ESG Focus
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Unpacking The Salary Packaging Sector

Dec 14 2022 - Australia
6
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Nov 09 2022 - Australia
7
Eclipx Group Earnings Driving In The Fast Lane

May 11 2022 - Australia
8
Smartgroup Dashes Offer To Focus On Growth

Oct 26 2021 - Small Caps
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Mar 11 2021 - Australia
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Nov 13 2020 - Small Caps