EAGERS AUTOMOTIVE LIMITED (APE)
Share Price Analysis and Chart

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APE - EAGERS AUTOMOTIVE LIMITED

FNArena Sector : Automobiles & Components
Year End: December
GICS Industry Group : Retailing
Debt/EBITDA: 3.89
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

$13.24

05 Dec
2023

-0.130

OPEN

$13.28

-0.97%

HIGH

$13.35

320,910

LOW

$12.93

TARGET
$15.75 19.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . ARB . ASG . BAP . CAR . GUD . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
APE: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 121.3 113.6 xxx
DPS (cps) xxx 71.0 73.5 xxx
EPS Growth xxx - 3.1% - 6.4% xxx
DPS Growth xxx 0.1% 3.5% xxx
PE Ratio xxx N/A 12.2 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 58.5% 64.7% xxx

Dividend yield today if purchased 3 years ago: 5.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.14

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: 01/09 - ex-div 24c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx121.3
DPS All xxxxxxxxxxxxxxx71.0
Sales/Revenue xxxxxxxxxxxxxxx8,541.5 M
Book Value Per Share xxxxxxxxxxxxxxx471.5
Net Operating Cash Flow xxxxxxxxxxxxxxx407.5 M
Net Profit Margin xxxxxxxxxxxxxxx3.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx27.15 %
Return on Invested Capital xxxxxxxxxxxxxxx12.92 %
Return on Assets xxxxxxxxxxxxxxx7.85 %
Return on Equity xxxxxxxxxxxxxxx27.15 %
Return on Total Capital xxxxxxxxxxxxxxx14.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx43.9 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx1,107 M
Long Term Debt xxxxxxxxxxxxxxx1,232 M
Total Debt xxxxxxxxxxxxxxx2,339 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx190 M
Price To Book Value xxxxxxxxxxxxxxx2.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx208.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,696 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx361 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14 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

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

11/10/2023

3

Neutral

$14.10

6.50%

While still subject to a shareholder vote, notes UBS, Eagers Automotive has announced the potential acquisition for -$245m of a portfolio of Victorian car dealers with a weighting to the prestige end of the market. Turnover from the portfolio is around $1bn annually.

The broker does not yet factor the transaction into its forecasts, but suggests it would be around 4-5% EPS accretive for Eagers Automotive on current metrics. 

There has been a muted share price reaction to the proposed deal, which UBS attributes to well flagged M&A intentions and a large acquisition at the top of the cycle. Some caution seems warranted, suggests the broker, due to the related-party nature of the deal.

Neutral. Target $14.10.

FORECAST
UBS forecasts a full year FY23 dividend of 66.00 cents and EPS of 113.00 cents.
UBS forecasts a full year FY24 dividend of 57.00 cents and EPS of 93.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

APE STOCK CHART

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