EAGERS AUTOMOTIVE LIMITED (APE)
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APE

APE - EAGERS AUTOMOTIVE LIMITED

FNArena Sector : Automobiles & Components
Year End: December
GICS Industry Group : Retailing
Debt/EBITDA: 4.9
Index: ASX200 | ASX300 | ALL-ORDS

Eagers Automotive is the largest car and truck dealership group in Australia. Originally founded in 1913 by Edward Eager the company has been listed since 1957 and in 2020 acquired its major competitor Automotive Holdings, now reflected in the group's name.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.73

13 Oct
2025

0.580

OPEN

$34.58

1.70%

HIGH

$34.99

742,677

LOW

$33.55

TARGET
$29.38 -15.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . ARB . ASG . BAP . CAR . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
APE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 78.5 101.2 xxx
DPS (cps) xxx 72.4 75.4 xxx
EPS Growth xxx - 27.5% 28.9% xxx
DPS Growth xxx 0.0% 4.2% xxx
PE Ratio xxx N/A 34.3 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 92.2% 74.5% xxx

Dividend yield today if purchased 3 years ago: 6.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.12

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: 10/09 - ex-div 24c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx78.5
DPS All xxxxxxxxxxxxxxx72.4
Sales/Revenue xxxxxxxxxxxxxxx11,193.7 M
Book Value Per Share xxxxxxxxxxxxxxx498.2
Net Operating Cash Flow xxxxxxxxxxxxxxx338.9 M
Net Profit Margin xxxxxxxxxxxxxxx1.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx15.87 %
Return on Invested Capital xxxxxxxxxxxxxxx7.56 %
Return on Assets xxxxxxxxxxxxxxx3.86 %
Return on Equity xxxxxxxxxxxxxxx15.87 %
Return on Total Capital xxxxxxxxxxxxxxx12.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx36.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,721 M
Long Term Debt xxxxxxxxxxxxxxx1,649 M
Total Debt xxxxxxxxxxxxxxx3,371 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx184 M
Price To Book Value xxxxxxxxxxxxxxx2.32

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx117.6 M
Capex % of Sales xxxxxxxxxxxxxxx1.05 %
Cost of Goods Sold xxxxxxxxxxxxxxx10,136 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx514 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx69 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

03/10/2025

1

Outperform

$29.98

-13.68%

Eagers Automotive has bought a 65% equity stake in CanadaOne for $1,043m, which is composed of $386m in scrip and $658m in cash. The owner/founder of CanadaOne, Pat Priestner, will retain a 30% stake in operating companies and 35% in property.

The Canadian market is around 1.6x larger than the Australian market and has grown at a long-term rate of up to 5.5% versus the Australian market at 3.4%.

The deal will be funded by a $452m entitlement offer of around 21.5m new shares at $21, a discount of -28.4% from the close. Nick Politis picked up 100% of his pro rata entitlement.

The analyst tweaks EPS estimates down -4% for 2025 for dilution, and up 7% and 5% for 2026/2027, respectively.

Target price lifts to $29.98 from $27.33. Macquarie believes the re-rating in the stock is justified and reflects the higher quality rating ascribed to overseas opportunities and a possible earnings upgrade cycle boosted by rate cuts.

FORECAST
Macquarie forecasts a full year FY25 dividend of 76.00 cents and EPS of 101.70 cents.
Macquarie forecasts a full year FY26 dividend of 94.00 cents and EPS of 125.70 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Canaccord Genuity

08/10/2025

1

Buy

$30.60

-11.89%

Eagers Automotive will acquire 55% of CanadaOne Auto Group’s operating company and 65% of its property portfolio for -$1bn, with founder Pat Priestner retaining the balance.

Canaccord Genuity notes the vendor will reinvest $386m in Eagers shares. Also, Mitsubishi Corporation will acquire a 20% stake in easyauto123 for -$70m and take up a $50m placement in Eagers as part of their mobility partnership.

The broker considers the transaction with CanadaOne strategically sound, citing both companies’ “owner’s mindset” and long-term approach.

While initial earnings accretion is moderate, Canaccord expects operational efficiencies and bolt-on opportunities to drive growth in Canada.

The broker raises its target price to $30.60 from $28.00, while retaining a Buy rating.

Separately, in research two days later, Canaccord highlights September new vehicle sales rose 5.1% year-on-year, though year-to-date volumes remain down -1.4%.

Demand remains resilient, observes the broker, supported by easing interest rates and growing availability of lower-cost new energy vehicles (NEVs), which are drawing some buyers away from the used-vehicle market.

Eagers Automotive’s performance has become less tied to industry sales due to margin improvements, strategic initiatives, and diversification, explain the analysts.

Canaccord maintains broader market volumes still matter, as they influence gross margins and pricing pressure. 

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 76.00 cents and EPS of 104.80 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 95.00 cents and EPS of 140.70 cents.

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

APE STOCK CHART

FNArena News on APE

1
Australian Broker Call *Extra* Edition – Oct 10, 2025

Oct 10 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 08, 2025

Oct 08 2025 - Daily Market Reports
3
Canadian Purchase Lifts Eagers Into Global Top 5

Oct 08 2025 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 03-10-25

Oct 06 2025 - Weekly Reports
5
Next Week At A Glance – 6-10 Oct 2025

Oct 03 2025 - Weekly Reports

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