ASX:GUD

Stock Analysis Report

Executive Summary

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, France, and Spain.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has GUD Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

GUD

-1.0%

AU Auto Components

0.1%

AU Market


1 Year Return

-17.5%

GUD

-4.0%

AU Auto Components

11.9%

AU Market

Return vs Industry: GUD underperformed the Australian Auto Components industry which returned -4% over the past year.

Return vs Market: GUD underperformed the Australian Market which returned 11.9% over the past year.


Shareholder returns

GUDIndustryMarket
7 Day1.1%-1.0%0.1%
30 Day4.9%-4.6%-1.1%
90 Day-0.3%-2.5%-1.4%
1 Year-12.9%-17.5%-0.6%-4.0%18.5%11.9%
3 Year22.7%7.3%17.7%8.0%36.4%18.1%
5 Year83.0%44.3%68.2%37.9%50.9%16.7%

Price Volatility Vs. Market

How volatile is GUD Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GUD Holdings undervalued compared to its fair value and its price relative to the market?

15.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GUD (A$10.59) is trading above our estimate of fair value (A$8.39)

Significantly Below Fair Value: GUD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GUD is poor value based on its PE Ratio (15.4x) compared to the Auto Components industry average (15.1x).

PE vs Market: GUD is good value based on its PE Ratio (15.4x) compared to the Australian market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: GUD is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: GUD is good value based on its PB Ratio (3.3x) compared to the AU Auto Components industry average (4.2x).


Next Steps

Future Growth

How is GUD Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GUD's forecast earnings growth (4.4% per year) is above the savings rate (2.3%).

Earnings vs Market: GUD's earnings (4.4% per year) are forecast to grow slower than the Australian market (10.2% per year).

High Growth Earnings: GUD's earnings are forecast to grow, but not significantly.

Revenue vs Market: GUD's revenue (4.2% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: GUD's revenue (4.2% 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 high in 3 years time (22%)


Next Steps

Past Performance

How has GUD Holdings performed over the past 5 years?

19.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GUD's earnings have grown by 19.1% per year over the past 5 years.

Accelerating Growth: GUD's earnings growth over the past year (18%) is below its 5-year average (19.1% per year).

Earnings vs Industry: GUD earnings growth over the past year (18%) underperformed the Auto Components industry 20.2%.


Return on Equity

High ROE: GUD's Return on Equity (21.4%) is considered high.


Return on Assets

ROA vs Industry: GUD's Return on Assets is below or equal to the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: GUD has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is GUD Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: GUD's short term assets (A$250.9M) exceeds its short term liabilities (A$86.2M)

Long Term Liabilities: GUD's short term assets (250.9M) exceeds its long term liabilities (161.4M)


Debt to Equity History and Analysis

Debt Level: GUD's debt to equity ratio (58.5%) is considered high

Reducing Debt: GUD's debt to equity ratio has increased from 58.3% to 58.5% over the past 5 years.

Debt Coverage: GUD's debt is well covered by operating cash flow (27.3%).

Interest Coverage: GUD's interest payments on its debt are well covered by EBIT (11.9x coverage).


Balance Sheet

Inventory Level: GUD has a high level of physical assets or inventory.

Debt Coverage by Assets: GUD's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

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

5.29%

Current Dividend Yield


Dividend Yield vs Market

company5.3%marketbottom25%2.4%markettop25%5.6%industryaverage2.7%forecastin3Years5.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GUD's dividend (5.29%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).

High Dividend: GUD's dividend (5.29%) is low compared to the top 25% of dividend payers in the Australian market (5.58%).

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.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.3%), GUD's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GUD's dividends in 3 years are forecast to be covered by earnings (82.4% payout ratio).


Next Steps

Management

What is the CEO of GUD Holdings's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Graeme Whickman 0

1yrs

Tenure

AU$1,047,112

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 the Chief Executive Officer of Australia &  ...


CEO Compensation Analysis

Compensation vs. Market: Graeme has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Australian market.

Compensation vs Earnings: Insufficient data to compare Graeme's compensation with company performance.


Management Age and Tenure

3.9yrs

Average Tenure

Experienced Management: GUD's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

4.2yrs

Average Tenure

63.5yo

Average Age

Experienced Board: GUD's board of directors are considered experienced (4.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyAU$226,27528 Aug 19
Graeme Whickman
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares25,000
Max PriceAU$9.05
BuyAU$18,06028 Aug 19
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares2,000
Max PriceAU$9.03
BuyAU$38,55301 Aug 19
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares4,000
Max PriceAU$9.67
BuyAU$2,384,11226 May 19
The Vanguard Group, Inc.
EntityCompany
Shares178,812
Max PriceAU$13.34
SellAU$789,88726 May 19
The Vanguard Group, Inc.
EntityCompany
Shares61,571
Max PriceAU$13.23
BuyAU$37,08927 Feb 19
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares3,000
Max PriceAU$12.37
SellAU$216,40431 Jan 19
Marathon Asset Management, LLP
EntityCompany
Shares17,738
Max PriceAU$12.20
BuyAU$45,29007 Jan 19
Marathon Asset Management, LLP
EntityCompany
Shares3,997
Max PriceAU$11.33
SellAU$291,49102 Jan 19
Marathon Asset Management, LLP
EntityCompany
Shares25,303
Max PriceAU$11.52
BuyAU$13,445,85419 Dec 18
Marathon Asset Management, LLP
EntityCompany
Shares898,787
Max PriceAU$14.96
BuyAU$24,23226 Nov 18
Graeme Whickman
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares2,000
Max PriceAU$12.12
BuyAU$16,17023 Nov 18
Anne Templeman-Jones
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares1,400
Max PriceAU$11.55
BuyAU$11,95021 Nov 18
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,000
Max PriceAU$11.95
BuyAU$12,02515 Nov 18
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,000
Max PriceAU$12.02
BuyAU$12,09607 Nov 18
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,000
Max PriceAU$12.10
BuyAU$12,25931 Oct 18
Mark Smith
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,000
Max PriceAU$12.26

Ownership Breakdown


Management Team

  • David Worley

    Chief Executive of Davey Water Products Pty Ltd

    • Tenure: 5.3yrs
    • Compensation: AU$601.90k
  • Terry Cooper

    Managing Director of Wesfil Australia Pty Ltd

    • Tenure: 23.8yrs
    • Compensation: AU$832.57k
  • Bob Pattison

    CEO of GUD Automotive Division

    • Tenure: 2.4yrs
    • Compensation: AU$672.87k
  • Malcolm Tyler (57yo)

    Company Secretary & General Counsel

    • Tenure: 0yrs
    • Compensation: AU$449.23k
  • Martin Fraser

    Chief Financial Officer

    • Tenure: 7.8yrs
    • Compensation: AU$779.60k
  • Graeme Whickman

    CEO, MD & Director

    • Tenure: 1yrs
    • Compensation: AU$1.05m
  • George Davies

    CEO of Brown & Watson International Pty Ltd

    • Tenure: 2.2yrs
    • Compensation: AU$597.67k

Board Members

  • David Robinson (69yo)

    Independent Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: AU$152.48k
  • Anne Templeman-Jones (57yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: AU$152.48k
  • Mark Smith (64yo)

    Non-Executive Chairman

    • Tenure: 1.9yrs
    • Compensation: AU$312.75k
  • Graeme Billings (63yo)

    Independent Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: AU$152.48k
  • Graeme Whickman

    CEO, MD & Director

    • Tenure: 1yrs
    • Compensation: AU$1.05m

Company Information

GUD Holdings Limited's company bio, 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
  • Market Cap: AU$901.692m
  • Shares outstanding: 86.70m
  • 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
GUDD.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2010

Biography

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 Austral ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 10:32
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.