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 average dividend payer.


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

2.0%

ASX:GUD

1.4%

AU Auto Components

0.7%

AU Market


1 Year Return

-30.7%

ASX:GUD

-11.6%

AU Auto Components

6.2%

AU Market

GUD underperformed the Auto Components industry which returned -11.6% over the past year.

GUD underperformed the Market in Australia which returned 6.2% over the past year.


Share holder returns

GUDIndustryMarket
7 Day2.0%1.4%0.7%
30 Day15.4%10.6%3.8%
90 Day-4.3%0.3%0.4%
1 Year-26.8%-30.7%-8.4%-11.6%12.4%6.2%
3 Year10.9%-3.0%21.2%11.2%40.9%21.9%
5 Year89.5%49.4%85.7%52.3%49.8%16.3%

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 based on future cash flows and its price relative to the stock market?

14.49x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

GUD Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

GUD Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

GUD Holdings is overvalued based on earnings compared to the AU Auto Components industry average.

GUD Holdings is good value based on earnings compared to the Australia market.


Price Based on Expected Growth

GUD Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

GUD Holdings is good value based on assets compared to the AU Auto Components industry average.


Next Steps

Future Growth

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

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

GUD Holdings's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

GUD Holdings's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

GUD Holdings's revenue growth is expected to exceed the Australia market average.

GUD Holdings's earnings growth is positive but not above the Australia market average.

GUD Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

GUD Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


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

GUD Holdings's year on year earnings growth rate has been positive over the past 5 years.

GUD Holdings's 1-year earnings growth is less than its 5-year average (18% vs 19.1%)

GUD Holdings's earnings growth has not exceeded the AU Auto Components industry average in the past year (18% vs 20.2%).


Return on Equity

GUD Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

GUD Holdings used its assets less efficiently than the AU Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

GUD Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is GUD Holdings's financial position?


Financial Position Analysis

GUD Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

GUD Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

GUD Holdings's level of debt (58.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (58.3% vs 58.5% today).

Debt is well covered by operating cash flow (27.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

6.05%

Expected Dividend Yield


Dividend Yield and Payments Analysis

GUD Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.47%).

GUD Holdings's dividend is above the markets top 25% of dividend payers in Australia (5.58%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Graeme Whickman 0

0.9yrs

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

Graeme's remuneration is about average for companies of similar size in Australia.

Insufficient data for Graeme to compare compensation growth.


Management Age and Tenure

3.8yrs

Average Tenure

The tenure for the GUD Holdings management team is about average.


Board Age and Tenure

4.1yrs

Average Tenure

63.5yo

Average Age

The tenure for the GUD Holdings board of directors is about average.


Insider Trading

More shares have been bought than sold by GUD Holdings individual insiders 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: 23.7yrs
    • Compensation: AU$832.57k
  • Bob Pattison

    CEO of GUD Automotive Division

    • Tenure: 2.3yrs
    • Compensation: AU$672.87k
  • Malcolm Tyler (57yo)

    Company Secretary & General Counsel

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

    Chief Financial Officer

    • Tenure: 7.7yrs
    • Compensation: AU$779.60k
  • Graeme Whickman

    CEO, MD & Director

    • Tenure: 0.9yrs
    • Compensation: AU$1.05m
  • George Davies

    CEO of Brown & Watson International Pty Ltd

    • Tenure: 2.1yrs
    • 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: 4.1yrs
    • Compensation: AU$152.48k
  • Mark Smith (64yo)

    Non-Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: AU$312.75k
  • Graeme Billings (63yo)

    Independent Non-Executive Director

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

    CEO, MD & Director

    • Tenure: 0.9yrs
    • 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$845.336m
  • 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 Analysis2019/09/19 10:34
End of Day Share Price2019/09/19 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.