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GUD

GUD Holdings ASX:GUD Stock Report

Last Price

AU$7.35

Market Cap

AU$1.0b

7D

-0.8%

1Y

-26.7%

Updated

03 Oct, 2022

Data

Company Financials +
GUD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends2/6

GUD Stock Overview

GUD Holdings Limited, through its subsidiaries, engages in the manufacture and importation, distribution, and sale of automotive products, pumps, pool and spa systems, and water pressure systems in Australia, New Zealand, Thailand, South Korea, France, and the United States.

GUD Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GUD Holdings
Historical stock prices
Current Share PriceAU$7.35
52 Week HighAU$13.17
52 Week LowAU$7.21
Beta0.57
1 Month Change-9.26%
3 Month Change-9.93%
1 Year Change-26.72%
3 Year Change-28.92%
5 Year Change-30.60%
Change since IPO226.67%

Recent News & Updates

Aug 23
GUD Holdings Limited's (ASX:GUD) Intrinsic Value Is Potentially 39% Above Its Share Price

GUD Holdings Limited's (ASX:GUD) Intrinsic Value Is Potentially 39% Above Its Share Price

How far off is GUD Holdings Limited ( ASX:GUD ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

GUDAU Auto ComponentsAU Market
7D-0.8%-3.4%-0.7%
1Y-26.7%-34.6%-11.7%

Return vs Industry: GUD exceeded the Australian Auto Components industry which returned -33.3% over the past year.

Return vs Market: GUD underperformed the Australian Market which returned -10.8% over the past year.

Price Volatility

Is GUD's price volatile compared to industry and market?
GUD volatility
GUD Average Weekly Movement4.0%
Auto Components Industry Average Movement5.4%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: GUD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GUD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19581,897Graeme Whickmanhttps://www.gud.com.au

GUD Holdings Limited, through its subsidiaries, engages in the manufacture and importation, distribution, and sale of automotive products, pumps, pool and spa systems, and water pressure systems in Australia, New Zealand, Thailand, South Korea, France, and the United States. It operates through Automotive, Auto Pacific Group, and Davey segments. The Automotive segment offers automotive and heavy-duty filters for cars, trucks, and agricultural and mining equipment; and fuel pumps and associated products for the automotive after-market.

GUD Holdings Fundamentals Summary

How do GUD Holdings's earnings and revenue compare to its market cap?
GUD fundamental statistics
Market CapAU$1.04b
Earnings (TTM)AU$27.34m
Revenue (TTM)AU$835.48m

37.9x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GUD income statement (TTM)
RevenueAU$835.48m
Cost of RevenueAU$492.03m
Gross ProfitAU$343.45m
Other ExpensesAU$316.11m
EarningsAU$27.34m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin41.11%
Net Profit Margin3.27%
Debt/Equity Ratio62.3%

How did GUD perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

170%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GUD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GUD?

Other financial metrics that can be useful for relative valuation.

GUD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA10.4x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does GUD's PE Ratio compare to its peers?

GUD PE Ratio vs Peers
The above table shows the PE ratio for GUD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.5x
PWH PWR Holdings
40.8x14.7%AU$849.5m
ARB ARB
17.9x3.6%AU$2.2b
SFC Schaffer
9.1xn/aAU$237.3m
AHL Adrad Holdings
30.4xn/aAU$125.0m
GUD GUD Holdings
37.9x34.8%AU$1.0b

Price-To-Earnings vs Peers: GUD is expensive based on its Price-To-Earnings Ratio (37.9x) compared to the peer average (24.5x).


Price to Earnings Ratio vs Industry

How does GUD's PE Ratio compare vs other companies in the Global Auto Components Industry?

Price-To-Earnings vs Industry: GUD is expensive based on its Price-To-Earnings Ratio (37.9x) compared to the Global Auto Components industry average (20x)


Price to Earnings Ratio vs Fair Ratio

What is GUD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GUD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.9x
Fair PE Ratio35.5x

Price-To-Earnings vs Fair Ratio: GUD is expensive based on its Price-To-Earnings Ratio (37.9x) compared to the estimated Fair Price-To-Earnings Ratio (35.5x).


Share Price vs Fair Value

What is the Fair Price of GUD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GUD (A$7.35) is trading below our estimate of fair value (A$11.75)

Significantly Below Fair Value: GUD is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is GUD Holdings forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


34.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GUD's forecast earnings growth (34.8% per year) is above the savings rate (1.8%).

Earnings vs Market: GUD's earnings (34.8% per year) are forecast to grow faster than the Australian market (6.4% per year).

High Growth Earnings: GUD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GUD's revenue (9.3% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: GUD's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GUD's Return on Equity is forecast to be low in 3 years time (14.5%).


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Past Performance

How has GUD Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GUD has a large one-off loss of A$60.3M impacting its June 30 2022 financial results.

Growing Profit Margin: GUD's current net profit margins (3.3%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: GUD's earnings have declined by 1.8% per year over the past 5 years.

Accelerating Growth: GUD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GUD had negative earnings growth (-55.2%) over the past year, making it difficult to compare to the Auto Components industry average (6%).


Return on Equity

High ROE: GUD's Return on Equity (3.2%) is considered low.


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Financial Health

How is GUD Holdings's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GUD's short term assets (A$558.7M) exceed its short term liabilities (A$258.8M).

Long Term Liabilities: GUD's short term assets (A$558.7M) do not cover its long term liabilities (A$776.7M).


Debt to Equity History and Analysis

Debt Level: GUD's net debt to equity ratio (55.3%) is considered high.

Reducing Debt: GUD's debt to equity ratio has reduced from 70.7% to 62.3% over the past 5 years.

Debt Coverage: GUD's debt is not well covered by operating cash flow (17.4%).

Interest Coverage: GUD's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


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Dividend

What is GUD Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.31%

Current Dividend Yield

Dividend Yield vs Market

GUD Holdings Dividend Yield vs Market
How does GUD Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (GUD Holdings)5.3%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Auto Components)2.5%
Analyst forecast in 3 Years (GUD Holdings)7.5%

Notable Dividend: GUD's dividend (5.31%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).

High Dividend: GUD's dividend (5.31%) is low compared to the top 25% of dividend payers in the Australian market (7.15%).


Stability and Growth of Payments

Stable Dividend: GUD's dividend payments have been volatile in the past 10 years.

Growing Dividend: GUD's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (170.4%), GUD's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (70.2%), GUD's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

9.5yrs

Average management tenure


CEO

Graeme Whickman

4yrs

Tenure

AU$2,162,029

Compensation

Mr. Graeme Whickman, B. Bus, MAICD., is the Managing Director, Chief Executive Officer and Director at GUD Holdings Limited since October 1, 2018. Mr. Whickman was President and Chief Executive Officer of...


CEO Compensation Analysis

Graeme Whickman's Compensation vs GUD Holdings Earnings
How has Graeme Whickman's remuneration changed compared to GUD Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$2mAU$1m

AU$27m

Mar 31 2022n/an/a

AU$41m

Dec 31 2021n/an/a

AU$54m

Sep 30 2021n/an/a

AU$57m

Jun 30 2021AU$2mAU$963k

AU$61m

Mar 31 2021n/an/a

AU$55m

Dec 31 2020n/an/a

AU$48m

Sep 30 2020n/an/a

AU$46m

Jun 30 2020AU$1mAU$953k

AU$44m

Mar 31 2020n/an/a

AU$50m

Dec 31 2019n/an/a

AU$57m

Sep 30 2019n/an/a

AU$58m

Jun 30 2019AU$1mAU$713k

AU$60m

Compensation vs Market: Graeme's total compensation ($USD1.39M) is about average for companies of similar size in the Australian market ($USD1.07M).

Compensation vs Earnings: Graeme's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GUD's management team is seasoned and experienced (9.5 years average tenure).


Board Members

Experienced Board: GUD's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GUD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:GUD Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
28 Sep 22BuyAU$4,085,589The Vanguard Group, Inc.Company383,851AU$11.52
27 Sep 22SellAU$260,563The Vanguard Group, Inc.Company25,208AU$11.51
15 Sep 22BuyAU$13,963Ian CampbellIndividual1,642AU$8.50
15 Sep 22BuyAU$8,376David RobinsonIndividual985AU$8.50
30 Aug 22BuyAU$21,476Graeme WhickmanIndividual2,428AU$8.84
30 Aug 22SellAU$21,476Graeme WhickmanIndividual2,428AU$8.84
29 Aug 22SellAU$39,852,108Aware Super Pty LtdCompany3,590,391AU$11.10
23 Aug 22BuyAU$24,680,067Aware Super Pty LtdCompany2,230,713AU$11.12
16 Aug 22BuyAU$87,265Graeme WhickmanIndividual10,000AU$8.73
01 Aug 22BuyAU$317,264State Street Global Advisors, Inc.Company36,209AU$8.91
12 Jul 22BuyAU$3,477State Street Global Advisors, Inc.Company433AU$8.03
20 Jun 22BuyAU$6,192,061Franklin Resources, Inc.Company754,990AU$8.20
15 Jun 22BuyAU$16,626Ian CampbellIndividual1,632AU$10.19
15 Jun 22BuyAU$9,974David RobinsonIndividual979AU$10.19
31 May 22SellAU$3,466,498Franklin Resources, Inc.Company302,704AU$11.45
15 Mar 22BuyAU$11,436David RobinsonIndividual1,040AU$11.00
22 Feb 22BuyAU$374,151JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany31,164AU$12.12
22 Feb 22BuyAU$264,181Credit Suisse, Investment Banking and Securities InvestmentsCompany22,346AU$11.85
22 Feb 22SellAU$495,255JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany41,334AU$12.09
22 Feb 22SellAU$478,274Credit Suisse, Investment Banking and Securities InvestmentsCompany39,741AU$12.04
18 Feb 22BuyAU$16,553,228JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,407,670AU$12.95
18 Feb 22SellAU$18,101,112JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,519,846AU$12.95
25 Jan 22SellAU$5,549,760Aware Super Pty LtdCompany456,833AU$12.74
04 Jan 22BuyAU$133,573Franklin Resources, Inc.Company12,271AU$11.78
31 Dec 21SellAU$1,336,791Franklin Resources, Inc.Company121,406AU$11.50
23 Dec 21BuyAU$5,860,082Aware Super Pty LtdCompany562,132AU$11.53
09 Dec 21BuyAU$158,933Aware Super Pty LtdCompany15,282AU$10.40
09 Dec 21BuyAU$28,565,498Franklin Resources, Inc.Company2,727,538AU$10.47
02 Dec 21BuyAU$101,153John PollaersIndividual9,050AU$11.18
02 Dec 21BuyAU$49,617Ian CampbellIndividual4,450AU$11.15
01 Dec 21SellAU$28,048,020PI Investment Management LimitedCompany2,398,088AU$12.89
24 Nov 21SellAU$2,131,097Franklin Resources, Inc.Company180,947AU$11.78
05 Nov 21BuyAU$18,722,900The Vanguard Group, Inc.Company1,399,893AU$13.44
05 Nov 21SellAU$28,225,819The Vanguard Group, Inc.Company2,182,248AU$13.52
22 Oct 21BuyAU$29,376,749Aware Super Pty LtdCompany2,641,353AU$11.12
05 Oct 21BuyAU$13,582,524PI Investment Management LimitedCompany1,219,789AU$12.50

Ownership Breakdown

What is the ownership structure of GUD?
Owner TypeNumber of SharesOwnership Percentage
Private Companies171,1160.1%
Individual Insiders271,2540.2%
Public Companies1,240,0000.9%
Institutions59,926,04042.5%
General Public79,286,28656.3%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.5%.


Top Shareholders

Top 25 shareholders own 42.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
6.92%
Aware Super Pty Ltd
9,755,331A$71.7m-12.23%3.12%
5.14%
Franklin Resources, Inc.
7,245,365A$53.3m0%0.02%
4.62%
State Street Global Advisors, Inc.
6,514,018A$47.9m-4.52%no data
4.15%
Pacific Equity Partners
5,842,941A$42.9m0%100%
3.34%
Marathon Asset Management Limited
4,702,837A$34.6m0%0.14%
3.21%
The Vanguard Group, Inc.
4,528,218A$33.3m0%no data
3.15%
Argo Investments Limited
4,442,067A$32.6m98.62%0.6%
2.05%
FMR LLC
2,886,428A$21.2m-3.8%no data
1.76%
Dimensional Fund Advisors LP
2,486,464A$18.3m1.06%no data
1.69%
BlackRock, Inc.
2,381,695A$17.5m0.17%no data
1.63%
Norges Bank Investment Management
2,291,634A$16.8m0%no data
1.23%
Commonwealth Superannuation Corporation
1,738,848A$12.8m0%0.16%
0.88%
Washington H. Soul Pattinson and Company Limited
1,240,000A$9.1m0%no data
0.48%
JPMorgan Chase & Co, Brokerage and Securities Investments
679,495A$5.0m0%no data
0.38%
Lord, Abbett & Co. LLC
528,360A$3.9m-43.21%0.01%
0.3%
Netwealth Investments Ltd.
424,472A$3.1m228.24%0.04%
0.28%
Pacific Life Fund Advisors LLC
389,974A$2.9m2.84%0.02%
0.26%
BetaShares Capital Limited
363,158A$2.7m4.57%0.02%
0.26%
Charles Schwab Investment Management, Inc.
360,721A$2.7m7.48%no data
0.24%
Colonial First State Investments Limited
337,666A$2.5m42.38%0.02%
0.19%
Credit Suisse, Investment Banking and Securities Investments
264,379A$1.9m0%no data
0.17%
WisdomTree Asset Management, Inc.
238,285A$1.8m24.2%0.01%
0.14%
Credit Suisse Asset Management (Switzerland)
198,057A$1.5m0%no data
0.12%
Kulandra Pty Limited
171,116A$1.3m28.9%no data
0.11%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
161,761A$1.2m10.69%no data

Company Information

GUD Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: GUD Holdings Limited
  • Ticker: GUD
  • Exchange: ASX
  • Founded: 1958
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: AU$1.036b
  • Shares outstanding: 140.89m
  • Website: https://www.gud.com.au

Number of Employees


Location

  • GUD Holdings Limited
  • 29 Taras Avenue
  • Altona North
  • Victoria
  • 3025
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GUDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
GUDH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
GUDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
GUQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.