Buy Or Sell Opportunity • Jul 17
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to AU$0.40. The fair value is estimated to be AU$0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Board Change • Dec 31
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Anne Lockwood was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Sep 25
Coventry Group Ltd, Annual General Meeting, Nov 21, 2025 Coventry Group Ltd, Annual General Meeting, Nov 21, 2025. Location: hybrid meeting, Australia Announcement • Sep 15
Coventry Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 20.449939 million. Coventry Group Ltd has filed a Follow-on Equity Offering in the amount of AUD 20.449939 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,083,231
Price\Range: AUD 0.6
Transaction Features: Rights Offering Reported Earnings • Aug 30
Full year 2025 earnings released Full year 2025 results: Revenue: AU$364.6m (down 1.7% from FY 2024). Net loss: AU$29.6m (down AU$30.3m from profit in FY 2024). Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Neil Cathie was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 10
Coventry Group Ltd to Report First Half, 2025 Results on Feb 19, 2025 Coventry Group Ltd announced that they will report first half, 2025 results on Feb 19, 2025 Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director James Scott Todd was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director James Scott Todd was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Nov 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to AU$1.33. The fair value is estimated to be AU$1.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 72%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Announcement • Sep 26
Coventry Group Ltd, Annual General Meeting, Oct 25, 2024 Coventry Group Ltd, Annual General Meeting, Oct 25, 2024. Location: level 36, room 15 kulin room, kpmg tower two, 727 collins street, melbourne vic 300, Australia Upcoming Dividend • Sep 20
Upcoming dividend of AU$0.037 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Australian dividend payers (6.0%). Higher than average of industry peers (1.4%). New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$146.0m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 5x earnings per share). Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$146.0m market cap, or US$97.4m). Announcement • Aug 23
Coventry Group Ltd Declares Dividend for the Twelve Months Ended 30 June 2024, Payable on 11 October 2024 Coventry Group Ltd. has declared a dividend of AUD 0.03750000 per share for the twelve months ended 30 June 2024. Record date is 30 September 2024. Dividends payable date is 11 October 2024. Ex Date is 27 September 2024. Declared Dividend • Aug 23
Dividend of AU$0.037 announced Shareholders will receive a dividend of AU$0.037. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings). However, it is well covered by cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 567% to bring the payout ratio under control. EPS is expected to grow by 195% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: AU$0.007 (vs AU$0.027 in FY 2023) Full year 2024 results: EPS: AU$0.007 (down from AU$0.027 in FY 2023). Revenue: AU$370.8m (up 3.4% from FY 2023). Net income: AU$659.0k (down 73% from FY 2023). Profit margin: 0.2% (down from 0.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
Coventry Group Ltd to Report Fiscal Year 2024 Results on Aug 21, 2024 Coventry Group Ltd announced that they will report fiscal year 2024 results on Aug 21, 2024 Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director James Scott Todd was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 16
Coventry Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.100082 million. Coventry Group Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.100082 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 758,677
Price\Range: AUD 1.45 Announcement • May 01
Coventry Group Ltd (ASX:CYG) completed the acquisition of Steel Masters Auckland Limited. Coventry Group Ltd (ASX:CYG) entered into an agreement to acquire Steel Masters Auckland Limited for NZD 45 million on April 15, 2024. The transaction will be funded through a combination of an equity raising of NZD 27.226825 million and a new NAB Revolving Cash Advance Facility of NZD 20.0389432 million. Steel Masters reported revenue of NZD 40.6 million and EBIDTA of NZD 7.35 million for FY 2023. The acquisition is scheduled to be completed on April 30, 2024.Coventry Group Ltd (ASX:CYG) completed the acquisition of Steel Masters Auckland Limited on May 1, 2024. Reported Earnings • Feb 28
First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.017 profit in 1H 2023) First half 2024 results: AU$0.004 loss per share (down from AU$0.017 profit in 1H 2023). Revenue: AU$185.7m (up 5.6% from 1H 2023). Net loss: AU$387.0k (down 125% from profit in 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 15
Coventry Group Ltd to Report Q2, 2024 Results on Feb 23, 2024 Coventry Group Ltd announced that they will report Q2, 2024 results on Feb 23, 2024 Announcement • Dec 18
Coventry Group Ltd Provides Group Earnings Guidance for the Second Quarter and First Half of Fiscal Year 2024 Coventry Group Ltd. provided group earnings guidance for the second quarter and first half of fiscal year 2024. For the quarter, the company expected sales of AUD 90.9 million. For the first half of fiscal year 2024, the company expected sales of around AUD 185.5 million, up approximately 5.5% on first half of fiscal year 2023. New Risk • Oct 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 103% This is considered a major 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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Minor Risks Dividend is not well covered by earnings (130% payout ratio). Profit margins are more than 30% lower than last year (0.7% net profit margin). Announcement • Oct 14
Coventry Group Ltd. Announces Dividend for the Twelve Months Ended June 30, 2023, Payable on October 13, 2023 Coventry Group Ltd. announced dividend of AUD 0.03500000 for the twelve months ended June 30, 2023. Dividend payable on October 13, 2023, ex-date of September 28, 2023 and record date of September 29, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of AU$0.035 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.027 (vs AU$0.053 in FY 2022) Full year 2023 results: EPS: AU$0.027 (down from AU$0.053 in FY 2022). Revenue: AU$358.5m (up 11% from FY 2022). Net income: AU$2.47m (down 49% from FY 2022). Profit margin: 0.7% (down from 1.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 16
Coventry Group Ltd to Report Fiscal Year 2023 Results on Aug 25, 2023 Coventry Group Ltd announced that they will report fiscal year 2023 results on Aug 25, 2023 Reported Earnings • Feb 27
First half 2023 earnings released: EPS: AU$0.017 (vs AU$0.027 in 1H 2022) First half 2023 results: EPS: AU$0.017 (down from AU$0.027 in 1H 2022). Revenue: AU$175.8m (up 12% from 1H 2022). Net income: AU$1.53m (down 37% from 1H 2022). Profit margin: 0.9% (down from 1.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
First half 2023 earnings released First half 2023 results: Revenue: AU$175.8m (up 12% from 1H 2022). Net income: AU$1.50m (down 38% from 1H 2022). Profit margin: 0.9% (down from 1.5% in 1H 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Australia. Upcoming Dividend • Sep 22
Upcoming dividend of AU$0.035 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Australian dividend payers (6.8%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 27
Full year 2022 earnings released: EPS: AU$0.053 (vs AU$0.081 in FY 2021) Full year 2022 results: EPS: AU$0.053 (down from AU$0.081 in FY 2021). Revenue: AU$322.3m (up 12% from FY 2021). Net income: AU$4.84m (down 33% from FY 2021). Profit margin: 1.5% (down from 2.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.5%, compared to a 3.7% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
First half 2021 earnings released: EPS AU$0.025 (vs AU$0.023 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$137.8m (up 12% from 1H 2020). Net income: AU$2.28m (up 12% from 1H 2020). Profit margin: 1.7% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 
