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ASG

Autosports Group ASX:ASG Stock Report

Last Price

AU$1.99

Market Cap

AU$401.6m

7D

-2.9%

1Y

-12.3%

Updated

19 Aug, 2022

Data

Company Financials +
ASG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends4/6

ASG Stock Overview

Autosports Group Limited, together with its subsidiaries, engages in the motor vehicle retailing business in Australia.

Autosports Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Autosports Group
Historical stock prices
Current Share PriceAU$1.99
52 Week HighAU$2.63
52 Week LowAU$1.38
Beta1.17
1 Month Change13.71%
3 Month Change10.56%
1 Year Change-12.34%
3 Year Change60.48%
5 Year Change-8.30%
Change since IPO-19.43%

Recent News & Updates

Jun 11
Investors Could Be Concerned With Autosports Group's (ASX:ASG) Returns On Capital

Investors Could Be Concerned With Autosports Group's (ASX:ASG) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Shareholder Returns

ASGAU Specialty RetailAU Market
7D-2.9%-0.5%0.8%
1Y-12.3%-16.2%-4.9%

Return vs Industry: ASG exceeded the Australian Specialty Retail industry which returned -16.2% over the past year.

Return vs Market: ASG underperformed the Australian Market which returned -4.9% over the past year.

Price Volatility

Is ASG's price volatile compared to industry and market?
ASG volatility
ASG Average Weekly Movement5.9%
Specialty Retail Industry Average Movement6.4%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.8%
10% least volatile stocks in AU Market4.6%

Stable Share Price: ASG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aNick Pagenthttps://autosportsgroup.com.au

Autosports Group Limited, together with its subsidiaries, engages in the motor vehicle retailing business in Australia. It sells new and used motor vehicles, aftermarket products, and spare parts; distributes finance and insurance products; and provides motor vehicle servicing and collision repair services. As of June 30, 2021, it operates 43 franchised dealerships; 3 used motor vehicle outlets; and 6 motor vehicle collision repair facilities.

Autosports Group Fundamentals Summary

How do Autosports Group's earnings and revenue compare to its market cap?
ASG fundamental statistics
Market CapAU$401.60m
Earnings (TTM)AU$45.95m
Revenue (TTM)AU$1.99b

8.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASG income statement (TTM)
RevenueAU$1.99b
Cost of RevenueAU$1.62b
Gross ProfitAU$362.09m
Other ExpensesAU$316.14m
EarningsAU$45.95m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 24, 2022

Earnings per share (EPS)0.23
Gross Margin18.24%
Net Profit Margin2.31%
Debt/Equity Ratio79.1%

How did ASG perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

61%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 ASG?

Other financial metrics that can be useful for relative valuation.

ASG 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/Revenue0.5x
Enterprise Value/EBITDA10.4x
PEG Ratio-1.5x

Price to Earnings Ratio vs Peers

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

ASG PE Ratio vs Peers
The above table shows the PE ratio for ASG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.2x
PWR Peter Warren Automotive Holdings
11x-3.8%AU$442.9m
MTO MotorCycle Holdings
6.3x-5.2%AU$148.1m
APE Eagers Automotive
10.5x-11.1%AU$3.4b
MHJ Michael Hill International
9.2x4.3%AU$411.6m
ASG Autosports Group
8.7x-6.0%AU$401.6m

Price-To-Earnings vs Peers: ASG is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (9.2x).


Price to Earnings Ratio vs Industry

How does ASG's PE Ratio compare vs other companies in the AU Specialty Retail Industry?

Price-To-Earnings vs Industry: ASG is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Australian Specialty Retail industry average (10.4x)


Price to Earnings Ratio vs Fair Ratio

What is ASG'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.

ASG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: ASG is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).


Share Price vs Fair Value

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

Below Fair Value: ASG (A$1.99) is trading below our estimate of fair value (A$2.44)

Significantly Below Fair Value: ASG is trading below fair value, but not by a significant amount.


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 Autosports Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-6.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASG's earnings are forecast to decline over the next 3 years (-6% per year).

Earnings vs Market: ASG's earnings are forecast to decline over the next 3 years (-6% per year).

High Growth Earnings: ASG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ASG's revenue (1.9% per year) is forecast to grow slower than the Australian market (5% per year).

High Growth Revenue: ASG's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASG's Return on Equity is forecast to be low in 3 years time (11.1%).


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Past Performance

How has Autosports Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASG has high quality earnings.

Growing Profit Margin: ASG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASG has become profitable over the past 5 years, growing earnings by -7.1% per year.

Accelerating Growth: ASG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (21.4%).


Return on Equity

High ROE: ASG's Return on Equity (10.9%) is considered low.


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Financial Health

How is Autosports Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASG's short term assets (A$363.3M) do not cover its short term liabilities (A$451.5M).

Long Term Liabilities: ASG's short term assets (A$363.3M) exceed its long term liabilities (A$302.0M).


Debt to Equity History and Analysis

Debt Level: ASG's net debt to equity ratio (62.6%) is considered high.

Reducing Debt: ASG's debt to equity ratio has reduced from 94.6% to 79.1% over the past 5 years.

Debt Coverage: ASG's debt is well covered by operating cash flow (35.2%).

Interest Coverage: ASG's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


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Dividend

What is Autosports Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.03%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASG's dividend (7.04%) is higher than the bottom 25% of dividend payers in the Australian market (2.63%).

High Dividend: ASG's dividend (7.04%) is in the top 25% of dividend payers in the Australian market (6.42%)


Stability and Growth of Payments

Stable Dividend: ASG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ASG's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61.2%), ASG's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (48.4%), ASG's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.0yrs

Average management tenure


CEO

Nick Pagent

6yrs

Tenure

AU$1,447,016

Compensation

Mr. Nicholas Ian Pagent, also known as Nick, has served as Managing Director, Chief Executive Officer and Executive Director at Autosports Group Limited since August 29, 2016. Mr. Pagent is Co-Owner of NIP...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD1.01M) is above average for companies of similar size in the Australian market ($USD551.34K).

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


Leadership Team

Experienced Management: ASG's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: ASG's board of directors are considered experienced (6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Autosports Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Autosports Group Limited
  • Ticker: ASG
  • Exchange: ASX
  • Founded: 2006
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: AU$401.598m
  • Shares outstanding: 201.81m
  • Website: https://autosportsgroup.com.au

Number of Employees


Location

  • Autosports Group Limited
  • 565 Parramatta Road
  • Leichhardt
  • New South Wales
  • 2040
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/19 00:00
End of Day Share Price2022/08/19 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.