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NTD

National Tyre & WheelASX:NTD Stock Report

Last Price

AU$1.57

Market Cap

AU$194.1m

7D

0%

1Y

67.0%

Updated

17 Jan, 2022

Data

Company Financials +
NTD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends4/6

NTD Stock Overview

National Tyre & Wheel Limited engages in the distribution and marketing of motor vehicle tires, wheels, tubes, and related products in Australia, New Zealand, and South Africa.

Price History & Performance

Summary of all time highs, changes and price drops for National Tyre & Wheel
Historical stock prices
Current Share PriceAU$1.57
52 Week HighAU$1.63
52 Week LowAU$0.78
Beta1.25
1 Month Change9.79%
3 Month Change45.37%
1 Year Change67.02%
3 Year Change248.89%
5 Year Changen/a
Change since IPO20.77%

Recent News & Updates

Oct 27
National Tyre & Wheel Limited's (ASX:NTD) CEO Compensation Is Looking A Bit Stretched At The Moment

National Tyre & Wheel Limited's (ASX:NTD) CEO Compensation Is Looking A Bit Stretched At The Moment

CEO John Ludemann has done a decent job of delivering relatively good performance at National Tyre & Wheel Limited...

May 05
At AU$0.94, Is It Time To Put National Tyre & Wheel Limited (ASX:NTD) On Your Watch List?

At AU$0.94, Is It Time To Put National Tyre & Wheel Limited (ASX:NTD) On Your Watch List?

While National Tyre & Wheel Limited ( ASX:NTD ) might not be the most widely known stock at the moment, it saw a decent...

Shareholder Returns

NTDAU Retail DistributorsAU Market
7D0%2.1%0.5%
1Y67.0%1.4%10.3%

Return vs Industry: NTD exceeded the Australian Retail Distributors industry which returned 2.1% over the past year.

Return vs Market: NTD exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is NTD's price volatile compared to industry and market?
NTD volatility
NTD Average Weekly Movement5.1%
Retail Distributors Industry Average Movement7.0%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: NTD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NTD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989500John Ludemannhttps://www.ntaw.com.au

National Tyre & Wheel Limited engages in the distribution and marketing of motor vehicle tires, wheels, tubes, and related products in Australia, New Zealand, and South Africa. The company products include truck and bus tires, agricultural and off-the-road tires, industrial tires, and original equipment tires and wheel packages. National Tyre & Wheel Limited was founded in 1989 and is headquartered in Hamilton, Australia.

National Tyre & Wheel Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
NTD income statement (TTM)
RevenueAU$461.53m
Cost of RevenueAU$324.02m
Gross ProfitAU$137.51m
ExpensesAU$117.26m
EarningsAU$20.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin29.79%
Net Profit Margin4.39%
Debt/Equity Ratio48.9%

How did NTD perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is National Tyre & Wheel undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTD (A$1.57) is trading below our estimate of fair value (A$4.7)

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


Price To Earnings Ratio

PE vs Industry: NTD is good value based on its PE Ratio (9.6x) compared to the Australian Retail Distributors industry average (19.8x).

PE vs Market: NTD is good value based on its PE Ratio (9.6x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NTD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NTD's PB Ratio (2.2x) is in line with the AU Retail Distributors industry average.


Future Growth

How is National Tyre & Wheel forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

5.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NTD's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if NTD's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NTD's revenue (5.3% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: NTD's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NTD's Return on Equity is forecast to be low in 3 years time (19.4%).


Past Performance

How has National Tyre & Wheel performed over the past 5 years?

31.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTD has high quality earnings.

Growing Profit Margin: NTD's current net profit margins (4.4%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: NTD's earnings have grown significantly by 31% per year over the past 5 years.

Accelerating Growth: NTD's earnings growth over the past year (345.1%) exceeds its 5-year average (31% per year).

Earnings vs Industry: NTD earnings growth over the past year (345.1%) exceeded the Retail Distributors industry 23.7%.


Return on Equity

High ROE: NTD's Return on Equity (22.4%) is considered high.


Financial Health

How is National Tyre & Wheel's financial position?


Financial Position Analysis

Short Term Liabilities: NTD's short term assets (A$206.8M) exceed its short term liabilities (A$107.8M).

Long Term Liabilities: NTD's short term assets (A$206.8M) exceed its long term liabilities (A$68.8M).


Debt to Equity History and Analysis

Debt Level: NTD's net debt to equity ratio (17.3%) is considered satisfactory.

Reducing Debt: NTD's debt to equity ratio has increased from 16.8% to 48.9% over the past 5 years.

Debt Coverage: NTD's debt is well covered by operating cash flow (50.5%).

Interest Coverage: NTD's interest payments on its debt are well covered by EBIT (11.1x coverage).


Balance Sheet


Dividend

What is National Tyre & Wheel current dividend yield, its reliability and sustainability?

6.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NTD's dividend (6.37%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: NTD's dividend (6.37%) is in the top 25% of dividend payers in the Australian market (5.39%)


Stability and Growth of Payments

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

Growing Dividend: NTD's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.7%), NTD's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NTD's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

John Ludemann

8.5yrs

Tenure

AU$797,682

Compensation

Mr. Peter Ludemann is also known as John, served as Joint Managing Partner of EC. Pohl & Co. Private Equity Limited (Pinnacle Private Equity Limited). Mr. Ludemann served as a Managing Director at Sequence...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD576.32K) is above average for companies of similar size in the Australian market ($USD291.63K).

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


Leadership Team

Experienced Management: NTD's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: NTD's board of directors are considered experienced (9 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.


Top Shareholders

Company Information

National Tyre & Wheel Limited's employee growth, exchange listings and data sources


Key Information

  • Name: National Tyre & Wheel Limited
  • Ticker: NTD
  • Exchange: ASX
  • Founded: 1989
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: AU$194.077m
  • Shares outstanding: 123.62m
  • Website: https://www.ntaw.com.au

Number of Employees


Location

  • National Tyre & Wheel Limited
  • 385 MacArthur Avenue
  • Level 2
  • Hamilton
  • Queensland
  • 4007
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:39
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
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.