NATIONAL TYRE & WHEEL LIMITED (NTD)
Share Price Analysis and Chart

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NTD - NATIONAL TYRE & WHEEL LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: 4.71
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.79

02 Oct
2023

-0.010

OPEN

$0.80

-1.25%

HIGH

$0.81

39,209

LOW

$0.79

TARGET
$0.74 -6.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
a2b . ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
NTD: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.5 7.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 67.2% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% 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

Last ex-div: 09/09 - ex-div 1.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx582.3 M
Book Value Per Share xxxxxxxxxxxxxxx84.2
Net Operating Cash Flow xxxxxxxxxxxxxxx24.2 M
Net Profit Margin xxxxxxxxxxxxxxx0.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx3.01 %
Return on Invested Capital xxxxxxxxxxxxxxx1.33 %
Return on Assets xxxxxxxxxxxxxxx0.85 %
Return on Equity xxxxxxxxxxxxxxx3.01 %
Return on Total Capital xxxxxxxxxxxxxxx3.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.0 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 xxxxxxxxxxxxxxx21 M
Long Term Debt xxxxxxxxxxxxxxx139 M
Total Debt xxxxxxxxxxxxxxx160 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx33 M
Price To Book Value xxxxxxxxxxxxxxx0.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx4.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx527 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx45 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

07/09/2023

3

Hold

$0.74

-6.33%

Despite lower FY23 revenue than expected, National Tyre & Wheel achieved a slightly higher margin outcome than Morgans anticipated, after exhibiting strong operating cost control in the 2H.

The gross margin expanded by 33bps on the previous corresponding period to 28.1%.

Despite ongoing pressure in its Consumer segment, the company is seeking to improve upon profit (NPATA) in FY24 after the 2H FY23 $6.6m contribution came in largely in line with guidance.

The broker awaits further evidence of earnings certainty and balance sheet improvement before moving up from its Hold rating. The target rises to 74c from 73c.

FORECAST
Morgans forecasts a full year FY24 dividend of 0.00 cents and EPS of 7.14 cents.
Morgans forecasts a full year FY25 dividend of 4.11 cents and EPS of 8.65 cents.
Access Stockbroker Research History >

NTD STOCK CHART

FNArena News on NTD

1
FNArena Corporate Results Monitor – 07-09-2023

Sep 07 2023 - Australia
2
FNArena Corporate Results Monitor – 06-03-2023

Mar 06 2023 - Australia
3
Australian Broker Call *Extra* Edition – Sep 16, 2022

Sep 16 2022 - Daily Market Reports
4
FNArena Corporate Results Monitor – 01-09-2022

Sep 01 2022 - Australia
5
Start Your Engines

Aug 01 2022 - Australia

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