Financials Eagers Automotive Limited

Equities

APE

AU000000APE3

Auto Vehicles, Parts & Service Retailers

Market Closed - Australian S.E. Other stock markets 02:10:17 2024-05-07 EDT			5-day change	1st Jan Change
12.31 ^AUD	+0.74%		-3.15%	-14.99%

03-20	Eagers Automotive Limited Appoints Katie McNamara as an Independent Non-Executive Director	CI
02-22	Eagers Automotive Shares Slip 5% as Profit Declines in 2023 Despite 15% Revenue Growth	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,631	3,415	3,453	2,771	3,720	3,185	-	-
Enterprise Value (EV) ¹	5,421	5,659	5,389	4,920	6,172	6,003	5,964	5,912
P/E ratio	-16.4 x	23.2 x	10.8 x	8.96 x	13.1 x	11 x	11.4 x	11.3 x
Yield	3.56%	1.88%	4.65%	6.54%	5.11%	5.87%	5.82%	5.95%
Capitalization / Revenue	0.45 x	0.39 x	0.4 x	0.32 x	0.38 x	0.29 x	0.28 x	0.27 x
EV / Revenue	0.93 x	0.65 x	0.62 x	0.58 x	0.63 x	0.55 x	0.52 x	0.5 x
EV / EBITDA	33.2 x	19.9 x	8.27 x	7.54 x	8.96 x	8.98 x	8.96 x	8.85 x
EV / FCF	55.3 x	11.7 x	22.9 x	23.5 x	17.8 x	44.6 x	19.7 x	22 x
FCF Yield	1.81%	8.58%	4.36%	4.26%	5.61%	2.24%	5.08%	4.55%
Price to Book	3.17 x	3.75 x	3.24 x	2.3 x	2.93 x	2.28 x	2.12 x	1.98 x
Nbr of stocks (in thousands)	256,933	256,933	256,933	255,398	256,900	258,761	-	-
Reference price ²	10.24	13.29	13.44	10.85	14.48	12.31	12.31	12.31
Announcement Date	20-02-26	21-02-23	22-02-23	23-02-22	24-02-21	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,817	8,750	8,664	8,542	9,852	10,997	11,382	11,744
EBITDA ¹	163.2	284.2	651.6	652.4	688.5	668.2	665.3	667.7
EBIT ¹	69.5	117.9	531.2	535.8	567.2	565.9	559	559.7
Operating Margin	1.19%	1.35%	6.13%	6.27%	5.76%	5.15%	4.91%	4.77%
Earnings before Tax (EBT) ¹	-63.3	280.1	456.8	442.2	427.3	433.4	413.9	410.4
Net income ¹	-131.9	147.3	317.8	308.2	281.1	285.7	276.8	277.5
Net margin	-2.27%	1.68%	3.67%	3.61%	2.85%	2.6%	2.43%	2.36%
EPS ²	-0.6240	0.5730	1.247	1.211	1.105	1.119	1.078	1.085
Free Cash Flow ¹	98.11	485.6	234.9	209.6	346	134.4	302.7	269.2
FCF margin	1.69%	5.55%	2.71%	2.45%	3.51%	1.22%	2.66%	2.29%
FCF Conversion (EBITDA)	60.12%	170.88%	36.05%	32.13%	50.25%	20.12%	45.49%	40.32%
FCF Conversion (Net income)	-	329.72%	73.91%	68.02%	123.08%	47.06%	109.33%	96.99%
Dividend per Share ²	0.3650	0.2500	0.6250	0.7100	0.7400	0.7231	0.7160	0.7326
Announcement Date	20-02-26	21-02-23	22-02-23	23-02-22	24-02-21	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	3,758	4,155	4,595	4,699	3,964	4,215	4,326	4,818	5,034	5,311	5,683	-	-
EBITDA ¹	75.03	188.1	96.1	378	273.6	336.2	316.2	326.2	362.3	223.8	270	-	-
EBIT ¹	-11.5	104.9	13.04	313.4	217.8	281.5	254.4	268.7	298.5	205.6	250.8	-	-
Operating Margin	-0.31%	2.52%	0.28%	6.67%	5.49%	6.68%	5.88%	5.58%	5.93%	3.87%	4.41%	-	-
Earnings before Tax (EBT)	-122	61.4	218.7	267.4	189.4	246.5	195.7	216.1	211.2	-	-	-	-
Net income ¹	-173.6	8.32	139	195.3	122.6	171.1	137.1	137.8	143.3	97.7	128	-	-
Net margin	-4.62%	0.2%	3.02%	4.16%	3.09%	4.06%	3.17%	2.86%	2.85%	1.84%	2.25%	-	-
EPS ²	-0.8400	-	-	-	0.4800	0.6730	-	-	-	0.6200	0.5800	0.5500	0.4900
Dividend per Share ²	0.2250	-	-	-	-	-	-	0.2400	0.5000	0.2410	0.3120	-	-
Announcement Date	20-02-26	20-08-25	21-02-23	21-08-25	22-02-23	22-08-24	23-02-22	23-08-23	24-02-21	-	-	-	-

¹AUD in Million²AUD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,790	2,244	1,936	2,149	2,452	2,817	2,778	2,726
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	17.1 x	7.898 x	2.971 x	3.293 x	3.561 x	4.216 x	4.176 x	4.083 x
Free Cash Flow ¹	98.1	486	235	210	346	134	303	269
ROE (net income / shareholders' equity)	9.49%	17.1%	29.2%	24.9%	22.7%	21.4%	19.4%	18.2%
ROA (Net income/ Total Assets)	2.01%	3.31%	7.44%	7.21%	6.36%	7%	6.68%	6.49%
Assets ¹	-6,552	4,446	4,271	4,273	4,421	4,082	4,146	4,277
Book Value Per Share ²	3.240	3.540	4.150	4.720	4.940	5.410	5.810	6.230
Cash Flow per Share ²	0.8100	2.050	1.190	1.600	1.640	1.540	1.620	1.500
Capex ¹	72.7	42.2	67.8	198	70.3	110	74.8	76.2
Capex / Sales	1.25%	0.48%	0.78%	2.32%	0.71%	1%	0.66%	0.65%
Announcement Date	20-02-26	21-02-23	22-02-23	23-02-22	24-02-21	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Eagers Automotive Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.31 AUD

Average target price

14.54 AUD

Spread / Average Target

+18.08%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Auto Vehicles, Parts & Service Retailers

	1st Jan change	Capi.
EAGERS AUTOMOTIVE LIMITED	-14.99%	2.09B
D'IETEREN GROUP	+22.56%	12.09B
HOTAI MOTOR CO.,LTD.	-12.83%	10.77B
PENSKE AUTOMOTIVE GROUP, INC.	-3.27%	10.29B
AUTONATION, INC.	+10.55%	6.7B
ZHONGSHENG GROUP HOLDINGS LIMITED	-17.77%	4.71B
ASBURY AUTOMOTIVE GROUP, INC.	-1.50%	4.47B
RUSH ENTERPRISES, INC.	-10.89%	3.43B
TUHU CAR INC.	-8.54%	2.52B
DOGUS OTOMOTIV SERVIS VE TICARET	+18.19%	2B

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