ECLIPX GROUP LIMITED (ECX)
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ECX - ECLIPX GROUP LIMITED

FNArena Sector : Vehicle Leasing & Salary Packaging
Year End: September
GICS Industry Group : Diversified Financials
Index: ASX300 | ALL-ORDS

Eclipx Group is an Australian provider of vehicle mobility solutions including fleet leasing, fleet management, vehicle sales and vehicle finance. It has been listed on the ASX since 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.54

18 May
2022

-0.040

OPEN

$2.60

-1.55%

HIGH

$2.60

723,334

LOW

$2.50

TARGET
$2.993 17.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MMS . SGF . SIQ .
FNARENA'S MARKET CONSENSUS FORECASTS
ECX: 1
Title FY20
Actual		 FY21
Actual		 FY22
Forecast		 FY23
Forecast
EPS (cps) xxx 24.7 37.7 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 52.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.4 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: 13/12 - ex-div 8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx24.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx431.7 M
Book Value Per Share xxxxxxxxxxxxxxx197.4
Net Operating Cash Flow xxxxxxxxxxxxxxx396.9 M
Net Profit Margin xxxxxxxxxxxxxxx17.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx14.01 %
Return on Invested Capital xxxxxxxxxxxxxxx5.09 %
Return on Assets xxxxxxxxxxxxxxx3.74 %
Return on Equity xxxxxxxxxxxxxxx14.01 %
Return on Total Capital xxxxxxxxxxxxxxx-2.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx128.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

06/05/2022

1

Outperform

$3.10

22.05%

Elevated used car prices have driven Eclipx Group to record half year earnings and strong cash generation, and Credit Suisse notes that while prices will inevitably normalise at some point it appears pricing will be stronger for longer.

Further, the broker highlighted that with Eclipx Group outperforming on new business and organic growth, the company will likely experience a smoother transition when normalisation occurs.

The company reported net profit of $60.4m from the first half, up 58% on the previous comparable period and a sizeable beat on the broker's forecast $47.5m, largely driven by a beat in end of lease income.

The Outperform rating is retained and the target price increases to $3.10 from $2.95.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 0.00 cents and EPS of 52.40 cents.
Credit Suisse forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -16.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

ECX STOCK CHART

FNArena News on ECX

1
Australian Broker Call *Extra* Edition – May 17, 2022

May 17 2022 - Daily Market Reports
2
Rudy’s View: Trend Is Turning For Corporate Profits

May 12 2022 - Rudi's View
3
Eclipx Group Earnings Driving In The Fast Lane

May 11 2022 - Australia
4
FNArena Corporate Results Monitor – 06-05-2022

May 06 2022 - Australia
5
FNArena Corporate Results Monitor – 08-11-2021

Nov 08 2021 - Australia

Latest Vehicle Leasing & Salary Packaging News

1
Eclipx Group Earnings Driving In The Fast Lane

May 11 2022 - Australia
2
Smartgroup Dashes Offer To Focus On Growth

Oct 26 2021 - Small Caps
3
Eclipx On Route To Stellar Earnings

Mar 11 2021 - Australia
4
EclipX Driving Growth More Efficiently

Nov 13 2020 - Small Caps
5
Smartgroup Succumbs To Insurance Changes

Dec 17 2019 - Australia
6
EclipX Progresses Along Road To Recovery

Nov 15 2019 - Small Caps
7
Waxing Interest In EclipX

Oct 08 2019 - Small Caps
8
Margins Colour McMillan Shakespeare’s Outlook

Aug 23 2019 - Australia
9
Smartgroup Cruising Comfortably

Aug 21 2019 - Small Caps
10
Divestment Lauded As EclipX Reduces Risk

Jul 09 2019 - Small Caps