New Risk • Jun 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 71% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$41.9m market cap, or US$29.4m). New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 71% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$30.2m market cap, or US$21.6m). Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non Executive Director John Cunningham was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2026 earnings released: AU$0.045 loss per share (vs AU$0.29 loss in 1H 2025) First half 2026 results: AU$0.045 loss per share (improved from AU$0.29 loss in 1H 2025). Revenue: AU$225.8m (down 12% from 1H 2025). Net loss: AU$7.51m (loss narrowed 82% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Board Change • Oct 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Terry Smith is the most experienced director on the board, commencing their role in 2001. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 10
NTAW Holdings Limited, Annual General Meeting, Nov 13, 2025 NTAW Holdings Limited, Annual General Meeting, Nov 13, 2025. Location: hpx group, level 35, 1 eagle street, brisbane qld 4000, Australia Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.28 loss per share (vs AU$0.012 profit in FY 2024) Full year 2025 results: AU$0.28 loss per share (down from AU$0.012 profit in FY 2024). Revenue: AU$538.2m (flat on FY 2024). Net loss: AU$43.8m (down AU$45.3m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$34.4m market cap, or US$22.1m). Annuncio • Jan 14
Ntaw Holdings Limited Announces Joint Company Secretary Changes NTAW Holdings Limited announced the appointment of Ms. Stephanie So as joint Company Secretary, effective 13 January 2025. Ms. So has over 14 years of governance experience including working in the Listings Compliance team at the ASX. She has extensive experience in advising on a variety of listing, corporate governance and regulatory matters for listed entities. Ms. So is a Fellow of the Governance Institute of Australia. This appointment follows the resignation of Mr. Jason Lamb as joint Company Secretary effective 13 January 2025. Mr. Lamb remains as the Chief Financial Officer of the Company. Mr. Hugh McMurchy remains as joint Company Secretary. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$38.6m market cap, or US$24.4m). New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$69.6m market cap, or US$46.2m). Annuncio • Oct 17
NTAW Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 12.409565 million. NTAW Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 12.409565 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 33,539,366
Price\Range: AUD 0.37
Discount Per Security: AUD 0.00925
Transaction Features: Rights Offering Reported Earnings • Aug 28
Full year 2024 earnings released Full year 2024 results: Revenue: AU$533.4m (down 8.4% from FY 2023). Net income: AU$1.56m (down 53% from FY 2023). Profit margin: 0.3% (down from 0.6% in FY 2023). The decrease in margin was driven by lower revenue. Annuncio • Jul 02
NTAW Holdings Limited, Annual General Meeting, Oct 17, 2024 NTAW Holdings Limited, Annual General Meeting, Oct 17, 2024. Location: hybrid meeting, at the brisbane club, 241 adelaide street, queensland 4000., brisbane Australia New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings have declined by 4.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 4.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$83.2m market cap, or US$54.1m). Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.007 (vs AU$0.012 loss in 1H 2023) First half 2024 results: EPS: AU$0.007 (up from AU$0.012 loss in 1H 2023). Revenue: AU$264.9m (down 10% from 1H 2023). Net income: AU$892.0k (up AU$2.50m from 1H 2023). Profit margin: 0.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annuncio • Feb 27
National Tyre & Wheel Limited Announces Board Changes National Tyre & Wheel Limited announces that Mr. William (Bill) Cook, Independent Non-Executive Director, has retired as a Director of the Company, as previously announced on 13 December 2023. Bill has acted as Chairman of the Audit & Risk Committee since 2017 and will be replaced in that role by Mr. Ken Gunderson-Briggs upon Bill's retirement. Bill has been a Director of NTD since 2013, before listing on the ASX, and made a significant contribution to the organic and acquisitive growth of the business. Bill's experience, insights and mentorship were greatly valued by the Board and management. Annuncio • Jan 30
National Tyre & Wheel Limited Announces Demise of Robert Kent, Non-Executive Director National Tyre & Wheel Limited announced with sadness and sincere condolences that Mr. Robert Kent, Non-Executive Director, passed away suddenly and unexpectedly on Sunday due to natural causes. Annuncio • Dec 13
National Tyre & Wheel Limited Announces Management Changes National Tyre & Wheel Limited announced that Mr. Kenneth Gunderson-Briggs has been appointed to the Board of Directors of the Company as an independent Non- Executive Director and Mr. Christopher Hummer has been appointed to the Board of Directors of the Company as an Executive Director, effective immediately. Mr. Gunderson-Briggs joined the Board of Harvey Norman Holdings Limited in 2003 and has acted as the Chair of the Remuneration Committee since 2015 and Chair of the Audit & Risk Committee and Nomination Committee since 2020. Mr. Gunderson-Briggs was an independent Non-Executive Director of Australian Pharmaceutical Industries Limited from 2014 to 2022 (acting as Chair of the Board from 2020), concluding at the time Wesfarmers Limited completed the takeover of Australian Pharmaceutical Industries Limited in March 2022. Mr. Gunderson-Briggs is a Chartered Accountant and a Registered Company Auditor. Mr. Gunderson-Briggs has been involved in public practice since 1982 and a partner in a chartered accounting firm since 1990. Mr. Gunderson-Briggs' qualifications include a Bachelor of Business from the University of Technology, Sydney and he is a Fellow of the CA ANZ. Mr. Hummer is the Managing Director of NTD subsidiary, Dynamic Wheel Co (DWC). Mr. Hummer started his first business, an automotive roadside assistance firm, in 1989 and diversified into wheel and tyre wholesaling when DWC was formed in 1998. Since the acquisition of DWC by NTD in 2013, Mr. Hummer has been responsible for growing DWC into a national wheel wholesaler and in 2023 merged NTD's original equipment business (Integrated OE) into the DWC operations. Mr. Hummer joined the Victorian Automotive Chamber of Commerce (VACC) in 2001 and was elected VACC President in 2022. Mr. Hummer is also President of The Australian Tyre Dealers and Retread Association. Mr. Hummer is a member of the Australian Institute of Company Directors. Mr. Hummer will remain in his position as Managing Director of DWC, the material terms of his employment in this executive position remain as is and are set out below: Position: Dynamic Wheel Co Pty. Limited - Managing Director, Term: Either party may terminate executive role upon three months' notice, Remuneration: $300,611 (excl. superannuation), Incentives: Eligible to participate in the Company's short-term and long-term incentive plans, as determined by the Board from time to time. The Company also announces that Mr. William (Bill) Cook has advised the Board that he will resign as an independent Non-Executive Director of the Company at the time the 2024 half-year financial results are announced in late February 2024. Mr. Cook is currently the Chair of the Company's Audit & Risk Committee and the Board intend to appoint Mr. Gunderson-Briggs as Chair of the Audit & Risk Committee on Mr. Cook's retirement. Major Estimate Revision • Oct 13
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$570.6m to AU$598.5m. EPS estimate increased from AU$0.071 to AU$0.088 per share. Net income forecast to grow 248% next year vs 23% growth forecast for Retail Distributors industry in Australia. Consensus price target up from AU$0.74 to AU$1.20. Share price rose 3.9% to AU$0.80 over the past week. Price Target Changed • Oct 12
Price target increased by 64% to AU$1.20 Up from AU$0.73, the current price target is provided by 1 analyst. New target price is 50% above last closing price of AU$0.80. Stock is up 16% over the past year. The company is forecast to post earnings per share of AU$0.087 for next year compared to AU$0.025 last year. Reported Earnings • Aug 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: AU$0.025 (down from AU$0.077 in FY 2022). Revenue: AU$582.7m (up 4.4% from FY 2022). Net income: AU$3.33m (down 65% from FY 2022). Profit margin: 0.6% (down from 1.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Jun 29
National Tyre & Wheel Limited, Annual General Meeting, Oct 12, 2023 National Tyre & Wheel Limited, Annual General Meeting, Oct 12, 2023, at 11:00 E. Australia Standard Time. Recent Insider Transactions • May 05
Insider recently bought AU$2.7m worth of stock On the 3rd of May, Ryan Young bought around 2m shares on-market at roughly AU$1.36 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 35%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from AU$612.8m to AU$619.3m. EPS estimate fell from AU$0.067 to AU$0.044 per share. Net income forecast to grow 351% next year vs 9.5% growth forecast for Retail Distributors industry in Australia. Consensus price target down from AU$1.49 to AU$0.94. Share price fell 9.2% to AU$0.55 over the past week. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.012 loss per share (vs AU$0.047 profit in 1H 2022) First half 2023 results: AU$0.012 loss per share (down from AU$0.047 profit in 1H 2022). Revenue: AU$296.1m (up 18% from 1H 2022). Net loss: AU$1.61m (down 130% from profit in 1H 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Dec 23
National Tyre & Wheel Limited Provides Revenue Guidance for Half-Year Ended 31 December 2022 National Tyre & Wheel Limited provides revenue guidance for half-year ended 31 December 2022 ("1H23"). For the period, the company expects revenue will be between $290 million and $300 million ($251 million in first half 2022). Price Target Changed • Nov 16
Price target decreased to AU$1.49 Down from AU$1.63, the current price target is an average from 2 analysts. New target price is 117% above last closing price of AU$0.69. Stock is down 45% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.077 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Murray Boyte was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 04
Price target decreased to AU$1.49 Down from AU$1.63, the current price target is an average from 2 analysts. New target price is 124% above last closing price of AU$0.67. Stock is down 46% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.077 last year. Major Estimate Revision • Nov 03
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from AU$0.11 to AU$0.12. Revenue forecast steady at AU$612.8m. Net income forecast to grow 67% next year vs 13% growth forecast for Retail Distributors industry in Australia. Consensus price target of AU$1.63 unchanged from last update. Share price rose 4.1% to AU$0.64 over the past week. Annuncio • Sep 30
National Tyre & Wheel Limited Announces Dividend for the Period of Six Months Ended June 30, 2022, Payable on October 7, 2022 National Tyre & Wheel Limited announced the dividend for Six Months Ended June 30, 2022 of AUD 0.01500000. Record Date is September 12, 2022. Ex Date is September 9, 2022. Payment Date is October 7, 2022. Reported Earnings • Sep 01
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: AU$0.077 (down from AU$0.18 in FY 2021). Revenue: AU$558.7m (up 21% from FY 2021). Net income: AU$9.40m (down 54% from FY 2021). Profit margin: 1.7% (down from 4.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Over the next year, revenue is forecast to grow 10%, compared to a 7.7% growth forecast for the Retail Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. Annuncio • Aug 31
National Tyre & Wheel Limited Announces Franked Ordinary Dividend for the Six Months Ended June 30, 2022, Payable on October 7, 2022 National Tyre & Wheel Limited announced franked ordinary dividend of AUD 0.01500000 for the six months ended June 30, 2022 with record date as September 12, 2022, ex-date as September 9, 2022 and payable date is October 7, 2022. Price Target Changed • Jul 28
Price target decreased to AU$1.81 Down from AU$2.07, the current price target is an average from 2 analysts. New target price is 92% above last closing price of AU$0.94. Stock is down 19% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.18 last year. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 19% share price gain to AU$1.15, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Retail Distributors industry globally. Total returns to shareholders of 261% over the past three years. Annuncio • Jun 29
National Tyre & Wheel Limited, Annual General Meeting, Oct 26, 2022 National Tyre & Wheel Limited, Annual General Meeting, Oct 26, 2022, at 11:00 E. Australia Standard Time. Location: The Brisbane Club 241 Adelaide Street Brisbane Queensland Australia Agenda: To consider the election of directors. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Murray Boyte was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 04
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 7.4%. Within top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (2.1%). Major Estimate Revision • Mar 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$522.0m to AU$549.9m. EPS estimate fell from AU$0.18 to AU$0.14 per share. Net income forecast to grow 28% next year vs 22% growth forecast for Retail Distributors industry in Australia. Consensus price target down from AU$2.18 to AU$2.07. Share price fell 22% to AU$1.26 over the past week. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.047 (down from AU$0.087 in 1H 2021). Revenue: AU$251.5m (up 18% from 1H 2021). Net income: AU$5.46m (down 44% from 1H 2021). Profit margin: 2.2% (down from 4.6% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 13%, compared to a 11% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 39% per year. Annuncio • Feb 22
National Tyre & Wheel Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on April 8, 2022 National Tyre & Wheel Limited announced dividend for the six months ended December 31, 2021 of AUD 0.03000000 per share. Ex-date is March 11, 2022. Record date is March 14, 2022. Payment date is April 8, 2022. Upcoming Dividend • Sep 10
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 15 October 2021. Trailing yield: 8.0%. Within top quartile of Australian dividend payers (5.3%). Higher than average of industry peers (1.9%). Reported Earnings • Sep 01
Full year 2021 earnings released: EPS AU$0.18 (vs AU$0.044 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$462.9m (up 191% from FY 2020). Net income: AU$20.3m (up 345% from FY 2020). Profit margin: 4.4% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 19
Price target increased to AU$1.21 Up from AU$0.92, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of AU$1.16. Stock is up 131% over the past year. Annuncio • Apr 14
National Tyre & Wheel Limited Provides Earnings Guidance for the Year 2021 National Tyre & Wheel Limited provided earnings guidance for the year 2021. For the year, the company estimates that Operating EBITDA of $32 million would translate to basic earnings per share of 17 cents. This guidance assumes that there is no materially adverse impact to operations from a downturn in prevailing market and economic conditions arising from the pandemic and/or the withdrawal of the Federal government's JobKeeper program. Recent Insider Transactions • Apr 13
Independent Non-Executive Director recently bought AU$60k worth of stock On the 9th of April, Robert Kent bought around 70k shares on-market at roughly AU$0.85 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$95k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Mar 15
New 90-day low: AU$0.82 The company is down 6.0% from a price of AU$0.88 on 15 December 2020. Underperformed the Australian market, which is up 2.0% over the last 90 days. Lagged the Retail Distributors industry, which is up 3.0% over the same period. Upcoming Dividend • Mar 05
Upcoming Dividend of AU$0.03 Per Share Will be paid on the 9th of April to those who are registered shareholders by the 12th of March. The trailing yield of 6.8% is in the top quartile of Australian dividend payers (5.5%), and it is higher than industry peers (2.1%). Price Target Changed • Feb 24
Price target lowered to AU$0.92 Down from AU$1.11, the current price target is provided by 1 analyst. The new target price is close to the current share price of AU$0.89. As of last close, the stock is up 144% over the past year. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.087 (vs AU$0.024 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$212.4m (up 164% from 1H 2020). Net income: AU$9.72m (up 287% from 1H 2020). Profit margin: 4.6% (up from 3.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day high: AU$1.09 The company is up 47% from its price of AU$0.74 on 27 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: AU$0.90 The company is up 44% from its price of AU$0.63 on 23 September 2020. The Australian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: AU$0.85 The company is up 71% from its price of AU$0.50 on 14 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 23% over the same period. Reported Earnings • Oct 11
Full year earnings released - EPS AU$0.044 Over the last 12 months the company has reported total profits of AU$4.55m, down 29% from the prior year. Total revenue was AU$158.9m over the last 12 months, down 5.6% from the prior year. Profit margins were 2.9%, which is lower than the 3.8% margin from last year. The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Oct 11
Annual earnings released: Revenue and earnings miss expectations Annual revenue missed analyst estimates by 3.9% at AU$158.9m. Earnings per share (EPS) also missed analyst estimates by 11% at AU$0.044. Revenue is forecast to grow 194% over the next year, compared to a 1.2% growth forecast for the Retail Distributors industry in Australia. Annuncio • Oct 10
National Tyre & Wheel Limited Declares No Dividend for Financial Year 2020 National Tyre & Wheel Limited has not been declared a final dividend for financial year 2020 due to the Tyres4U acquisition subsequent to balance date and further working capital investment. Is New 90 Day High Low • Oct 07
New 90-day high: AU$0.75 The company is up 74% from its price of AU$0.43 on 09 July 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 27% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: AU$0.62 The company is up 65% from its price of AU$0.38 on 23 June 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 19% over the same period. Annuncio • Aug 06
National Tyre & Wheel Limited (ASX:NTD) completed the acquisition of Business Assets from Tyres4u Pty Limited and Tyres4U (NZ) Limited. National Tyre & Wheel Limited (ASX:NTD) entered into a conditional agreement to acquire Business Assets from Tyres4u Pty Limited and Tyres4U (NZ) Limited for AUD 48.8 million on July 17, 2020. Under a business sale agreement, NTD has agreed to purchase all the business assets and assume all the business liabilities of T4U in Australia and New Zealand. The consideration payable for these assets is estimated to be AUD 48.8 million, consisting of cash consideration of AUD 43.6 million and the issue of 11.4 million fully paid shares in the issued capital of NTD to Tyres4U Pty Ltd. The shares will be subject to voluntary escrow until 18 months after the date of issue and subject to forfeiture against claims made under the Agreement; 698,796 fully paid shares in the issued capital of NTD to Tyre & Tube Australia (Services) Pty Limited (TTA), the vendor of the TTA business that was acquired by T4U in October 2019.
These shares are being issued in partial satisfaction of deferred consideration and earn out payments due by T4U to TTA. The shares will be subject to voluntary escrow until 18 months after the date of issue. The escrow period will be shorter if the employment of Andrew Bloxham (the founder of TTA) is terminated sooner without cause. Acquisition consideration will be funded by a combination of NTD’s cash reserves, a new debt facility and a placement of NTD shares to the vendors of T4U. T4U senior executives have accepted offers of employment from NTD. Peter Ludemann (NTD Chief Executive Officer) and Les DeCelis (Chief Executive Officer of T4U) will, together with Bill Cook and Robert Kent (both NTD Directors), form the Board of directors of the NTD subsidiaries formed to acquire T4U. There will be no changes to NTD management or the NTD Board. Completion of the Agreement is subject to certain conditions precedent including certain key landlord consents, finalisation of funding commitments for NTD, notification to and approval from, the NZ Overseas Investment Office and other usual closing conditions. The acquisition is expected to be completed on or about July 31, 2020. The expected impact of the transaction on the financial position of NTD will be provided once the Agreement becomes unconditional and details of the new debt facility are known. Dentons acted as legal advisor and Pitcher Partners acted as financial advisor to National Tyre & Wheel Limited. Miles Advisory Partners acted as financial advisor and Hamilton Locke acted as legal advisor for Tyres4u Pty Limited and Tyres4U (NZ) Limited.
National Tyre & Wheel Limited (ASX:NTD) completed the acquisition of Business Assets from Tyres4u Pty Limited and Tyres4U (NZ) Limited on August 4, 2020. National Tyre & Wheel Limited has cash reserve of AUD 25.4 million. The debt financing include bank overdraft facility of AUD 5 million, market rate term loan facility of AUD 12.5 million, trade finance facility of AUD 37.5 million, Equipment Finance Facility of AUD 5.5 million, Contingent Liability Facility of AUD 7 million and Credit Card Facility of AUD 1 million. As of August 4, 2020, National Tyre & Wheel Limited used AUD 29.1 million of the overdraft and trade finance facilities and AUD 14.7 million of cash reserves to fund the cash component of the consideration payable. The deal was approved by Board of NTD. Annuncio • Jul 18
National Tyre & Wheel Limited (ASX:NTD) entered into a conditional agreement to acquire Business Assets from Tyres4u Pty Limited and Tyres4U (NZ) Limited for AUD 48.8 million. National Tyre & Wheel Limited (ASX:NTD) entered into a conditional agreement to acquire Business Assets from Tyres4u Pty Limited and Tyres4U (NZ) Limited for AUD 48.8 million on July 17, 2020. Under a business sale agreement, NTD has agreed to purchase all the business assets and assume all the business liabilities of T4U in Australia and New Zealand. The consideration payable for these assets is estimated to be AUD 48.8 million, consisting of cash consideration of AUD 43.6 million and the issue of 11.4 million fully paid shares in the issued capital of NTD to Tyres4U Pty Ltd. The shares will be subject to voluntary escrow until 18 months after the date of issue and subject to forfeiture against claims made under the Agreement; 698,796 fully paid shares in the issued capital of NTD to Tyre & Tube Australia (Services) Pty Limited (TTA), the vendor of the TTA business that was acquired by T4U in October 2019.
These shares are being issued in partial satisfaction of deferred consideration and earn out payments due by T4U to TTA. The shares will be subject to voluntary escrow until 18 months after the date of issue. The escrow period will be shorter if the employment of Andrew Bloxham (the founder of TTA) is terminated sooner without cause. Acquisition consideration will be funded by a combination of NTD’s cash reserves, a new debt facility and a placement of NTD shares to the vendors of T4U. T4U senior executives have accepted offers of employment from NTD. Peter Ludemann (NTD Chief Executive Officer) and Les DeCelis (Chief Executive Officer of T4U) will, together with Bill Cook and Robert Kent (both NTD Directors), form the Board of directors of the NTD subsidiaries formed to acquire T4U. There will be no changes to NTD management or the NTD Board. Completion of the Agreement is subject to certain conditions precedent including certain key landlord consents, finalisation of funding commitments for NTD, notification to and approval from, the NZ Overseas Investment Office and other usual closing conditions. The acquisition is expected to be completed on or about July 31, 2020. The expected impact of the transaction on the financial position of NTD will be provided once the Agreement becomes unconditional and details of the new debt facility are known. Dentons acted as legal advisor and Pitcher Partners acted as financial advisor to National Tyre & Wheel Limited. Miles Advisory Partners acted as financial advisor and Hamilton Locke acted as legal advisor for Tyres4u Pty Limited and Tyres4U (NZ) Limited.