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Super Retail Group

ASX:SUL
Snowflake Description

Solid track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUL
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Retail
Company description

Super Retail Group Limited operates as a retailer of auto, outdoor, and sports products in Australia, New Zealand, and China. The last earnings update was 155 days ago. More info.


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SUL Share Price and Events
7 Day Returns
-0.3%
ASX:SUL
1.5%
AU Specialty Retail
-0.1%
AU Market
1 Year Returns
5.6%
ASX:SUL
3.1%
AU Specialty Retail
5.2%
AU Market
SUL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Super Retail Group (SUL) -0.3% 2.6% 13.6% 5.6% -1.3% 0.2%
AU Specialty Retail 1.5% 2.5% 5.6% 3.1% -5.6% 21.8%
AU Market -0.1% 2.4% 6.5% 5.2% 19.8% 11.8%
1 Year Return vs Industry and Market
  • SUL outperformed the Specialty Retail industry which returned 3.1% over the past year.
  • SUL matched the Australia Market (5.2%) over the past year.
Price Volatility
SUL
Industry
5yr Volatility vs Market

Value

 Is Super Retail Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Super Retail Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Super Retail Group.

ASX:SUL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SUL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.837 (1 + (1- 30%) (19.06%))
0.966
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.966 * 5.96%)
8.07%

Discounted Cash Flow Calculation for ASX:SUL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Super Retail Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SUL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.07%)
2020 145.95 Analyst x4 135.06
2021 151.58 Analyst x4 129.79
2022 151.50 Analyst x2 120.04
2023 167.00 Analyst x2 122.45
2024 191.00 Analyst x1 129.59
2025 203.15 Est @ 6.36% 127.54
2026 213.60 Est @ 5.15% 124.10
2027 222.78 Est @ 4.3% 119.76
2028 231.02 Est @ 3.7% 114.93
2029 238.61 Est @ 3.28% 109.84
Present value of next 10 years cash flows A$1,233.09
ASX:SUL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$238.61 × (1 + 2.31%) ÷ (8.07% – 2.31%)
A$4,242.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$4,242.06 ÷ (1 + 8.07%)10
A$1,952.78
ASX:SUL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,233.09 + A$1,952.78
A$3,185.87
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$3,185.87 / 197.38
A$16.14
ASX:SUL Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$16.14
Current discount Discount to share price of A$9.38
= -1 x (A$9.38 - A$16.14) / A$16.14
41.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Super Retail Group is available for.
Intrinsic value
42%
Share price is A$9.38 vs Future cash flow value of A$16.14
Current Discount Checks
For Super Retail Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Super Retail Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Super Retail Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Super Retail Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Super Retail Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SUL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in AUD A$0.65
ASX:SUL Share Price ** ASX (2019-07-18) in AUD A$9.38
Australia Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 13.57x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Super Retail Group.

ASX:SUL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SUL Share Price ÷ EPS (both in AUD)

= 9.38 ÷ 0.65

14.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Super Retail Group is overvalued based on earnings compared to the AU Specialty Retail industry average.
  • Super Retail Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Super Retail Group's expected growth come at a high price?
Raw Data
ASX:SUL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
7.3%per year
Australia Specialty Retail Industry PEG Ratio Median Figure of 19 Publicly-Listed Specialty Retail Companies 1.31x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

ASX:SUL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.49x ÷ 7.3%

1.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Super Retail Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Super Retail Group's assets?
Raw Data
ASX:SUL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in AUD A$4.03
ASX:SUL Share Price * ASX (2019-07-18) in AUD A$9.38
Australia Specialty Retail Industry PB Ratio Median Figure of 27 Publicly-Listed Specialty Retail Companies 2.03x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.68x
ASX:SUL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SUL Share Price ÷ Book Value per Share (both in AUD)

= 9.38 ÷ 4.03

2.33x

* Primary Listing of Super Retail Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Super Retail Group is overvalued based on assets compared to the AU Specialty Retail industry average.
X
Value checks
We assess Super Retail Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Super Retail Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Super Retail Group expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Super Retail Group expected to grow at an attractive rate?
  • Super Retail Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Super Retail Group's earnings growth is expected to exceed the Australia market average.
  • Super Retail Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SUL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SUL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 7.3%
ASX:SUL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 4%
Australia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
Australia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SUL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SUL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30
2023-06-30 3,176 181 2
2022-06-30 3,070 165 3
2021-06-30 2,945 251 163 11
2020-06-30 2,829 236 156 11
2019-06-30 2,718 228 135 12
ASX:SUL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-29 2,652 250 128
2018-09-29 2,612 279 128
2018-06-30 2,572 308 128
2018-03-31 2,533 292 114
2017-12-30 2,494 276 100
2017-09-30 2,480 255 101
2017-07-01 2,467 235 102
2017-04-01 2,485 234 97
2016-12-31 2,504 234 92
2016-09-30 2,463 197 78
2016-07-02 2,423 159 63
2016-04-02 2,366 189 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Super Retail Group's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Super Retail Group's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SUL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Super Retail Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SUL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30 0.91 0.96 0.85 2.00
2022-06-30 0.83 0.84 0.82 2.00
2021-06-30 0.82 0.92 0.74 9.00
2020-06-30 0.79 0.82 0.71 9.00
2019-06-30 0.67 0.78 0.57 8.00
ASX:SUL Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-29 0.65
2018-09-29 0.65
2018-06-30 0.65
2018-03-31 0.58
2017-12-30 0.51
2017-09-30 0.51
2017-07-01 0.52
2017-04-01 0.49
2016-12-31 0.47
2016-09-30 0.39
2016-07-02 0.32
2016-04-02 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Super Retail Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Super Retail Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Super Retail Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Super Retail Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Super Retail Group's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Super Retail Group's year on year earnings growth rate has been positive over the past 5 years.
  • Super Retail Group's 1-year earnings growth exceeds its 5-year average (28.3% vs 3.2%)
  • Super Retail Group's earnings growth has exceeded the AU Specialty Retail industry average in the past year (28.3% vs 6.3%).
Earnings and Revenue History
Super Retail Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Super Retail Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SUL Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 2,652.00 127.80 1,005.00
2018-09-29 2,611.75 128.05 986.80
2018-06-30 2,571.50 128.30 968.60
2018-03-31 2,532.75 113.95 948.55
2017-12-30 2,494.00 99.60 928.50
2017-09-30 2,480.25 100.70 918.00
2017-07-01 2,466.50 101.80 907.50
2017-04-01 2,485.05 97.05 926.75
2016-12-31 2,503.60 92.30 946.00
2016-09-30 2,463.45 77.55 935.10
2016-07-02 2,423.30 62.80 924.20
2016-04-02 2,366.05 75.10 881.45
2015-12-26 2,308.80 87.40 838.70
2015-09-26 2,274.70 92.35 826.55
2015-06-27 2,240.60 97.30 814.40
2014-12-27 2,142.10 105.40 787.60
2014-09-27 2,116.55 108.80 772.85
2014-06-28 2,091.00 112.20 758.10
2014-03-28 2,096.40 106.05 762.80
2013-12-28 2,080.20 103.70 755.30
2013-09-28 2,050.10 103.20 742.05
2013-06-29 2,020.00 102.70 728.80
2013-03-29 1,976.00 105.93 702.67
2012-12-29 1,931.99 109.16 676.53
2012-09-29 1,793.50 96.33 625.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Super Retail Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Super Retail Group used its assets more efficiently than the AU Specialty Retail industry average last year based on Return on Assets.
  • Super Retail Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Super Retail Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Super Retail Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Super Retail Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Super Retail Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Super Retail Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Super Retail Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Super Retail Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Super Retail Group Company Filings, last reported 6 months ago.

ASX:SUL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 795.70 348.60 63.40
2018-09-29 795.70 348.60 63.40
2018-06-30 799.20 430.10 15.20
2018-03-31 799.20 430.10 15.20
2017-12-30 776.50 219.70 30.30
2017-09-30 776.50 219.70 30.30
2017-07-01 754.60 391.10 19.90
2017-04-01 754.60 391.10 19.90
2016-12-31 772.50 271.40 28.90
2016-09-30 772.50 271.40 28.90
2016-07-02 734.00 418.80 15.60
2016-04-02 734.00 418.80 15.60
2015-12-26 761.40 367.00 68.10
2015-09-26 761.40 367.00 68.10
2015-06-27 765.30 393.50 13.10
2014-12-27 760.40 404.40 71.10
2014-09-27 760.40 404.40 71.10
2014-06-28 760.40 404.00 24.20
2014-03-28 760.40 401.70 24.20
2013-12-28 755.50 349.40 62.70
2013-09-28 755.50 349.40 62.70
2013-06-29 731.50 343.30 22.30
2013-03-29 731.50 343.30 22.30
2012-12-29 712.60 343.34 98.74
2012-09-29 712.60 343.34 98.74
  • Super Retail Group's level of debt (44.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.3% vs 44.9% today).
  • Debt is well covered by operating cash flow (70%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.4x coverage).
X
Financial health checks
We assess Super Retail Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Super Retail Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Super Retail Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.22%
Current annual income from Super Retail Group dividends. Estimated to be 5.7% next year.
If you bought A$2,000 of Super Retail Group shares you are expected to receive A$104 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Super Retail Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.51%).
  • Super Retail Group's dividend is below the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SUL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Australia Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SUL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30 0.60 2.00
2022-06-30 0.56 3.00
2021-06-30 0.54 13.00
2020-06-30 0.52 13.00
2019-06-30 0.50 13.00
ASX:SUL Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.490 5.943
2018-08-20 0.490 6.261
2018-02-19 0.465 5.973
2017-08-24 0.500 6.098
2017-02-23 0.430 4.902
2016-08-25 0.415 4.183
2016-02-25 0.415 4.641
2015-08-20 0.430 4.428
2015-02-18 0.400 4.131
2014-08-20 0.400 4.991
2013-08-20 0.380 3.484
2012-09-20 0.320 3.032
2012-08-21 0.320 4.012
2011-08-19 0.290 4.476
2011-02-23 0.245 3.580
2010-08-24 0.215 3.408
2010-02-18 0.200 3.736
2009-08-27 0.180 3.413
2009-02-19 0.140 4.496
2008-08-28 0.130 5.356

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Super Retail Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Super Retail Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Super Retail Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Super Retail Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Super Retail Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anthony Heraghty
COMPENSATION A$1,151,503
AGE 45
TENURE AS CEO 0.4 years
CEO Bio

Mr. Anthony Michael Heraghty, BBus has been Group Managing Director and Chief ExecutiveOfficer at Super Retail Group Limited since February 2019 and served as Managing Director of Outdoor Retailing since November 2018 until February 2019. Mr. Heraghty has been Director of Super Retail Group Limited since February 2109. He was Managing Director of Outdoor Retailing at Super Retail Group Limited and served as its Managing Director of Leisure Retailing since August 27, 2015. Mr. Heraghty served as Managing Director of Leisure Division at Super Retail Group Limited since April 27, 2015. Mr. Heraghty served as Group General Manager of Underwear at Pacific Brands Limited since August 2012 until February 2015. He served as Group General Manager of Homewear, Footwear, Outerwear & Sport at Pacific Brands Limited from November 9, 2009 to June 29, 2012. He joined Pacific Brands in October 2009 from Foster’s Group Limited, where he spent three years, first as Marketing Director for the Australian, Asia and Pacific business and subsequently as Global Marketing Director. He served as Australia, Asia & Pacific Marketing Director at Foster's Brewing International Pty Ltd. He served as the Managing Director of advertising agencies George Patterson and McCann-Erickson for over ten years. Mr. Heraghty has proven track record as a senior executive and leader and a wealth of knowledge and experience in advertising, marketing, brand development and brand management of consumer goods.

CEO Compensation
  • Anthony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Anthony's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Super Retail Group management team in years:

1.3
Average Tenure
  • The average tenure for the Super Retail Group management team is less than 2 years, this suggests a new team.
Management Team

Anthony Heraghty

TITLE
Group MD
COMPENSATION
A$1M
AGE
45
TENURE
0.4 yrs

David Burns

TITLE
Chief Financial Officer
COMPENSATION
A$896K
TENURE
6.6 yrs

Chris Wilesmith

TITLE
Managing Director of Auto Retailing
COMPENSATION
A$992K

Paul Hayes

TITLE
Chief Information Officer
TENURE
3.6 yrs

Robert Wruck

TITLE
Head of Investor Relations

Peter Lim

TITLE
Group General Counsel & Company Secretary
TENURE
0.5 yrs

Jane Kelly

TITLE
Chief Human Resources Officer
TENURE
3 yrs

Amanda Fleming

TITLE
Chief Transformation Officer & Managing Director of Super Retail Commercial
TENURE
2.1 yrs

Darren Wedding

TITLE
Chief Supply Chain Officer
TENURE
0.5 yrs

Gary Williams

TITLE
Managing Director of Sports Retailing
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Super Retail Group board of directors in years:

2.1
Average Tenure
59.5
Average Age
  • The average tenure for the Super Retail Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sally Anne Pitkin

TITLE
Independent Non-Executive Chair
COMPENSATION
A$272K
AGE
60
TENURE
1.8 yrs

Anthony Heraghty

TITLE
Group MD
COMPENSATION
A$1M
AGE
45
TENURE
0.4 yrs

Launa Inman

TITLE
Independent Non-Executive Director
COMPENSATION
A$176K
AGE
63
TENURE
3.8 yrs

Howard Mowlem

TITLE
Independent Non-Executive Director
COMPENSATION
A$172K
TENURE
2.1 yrs

Reg Rowe

TITLE
Non Executive Director
COMPENSATION
A$141K
AGE
75
TENURE
15.3 yrs

Diana Eilert

TITLE
Independent Non-Executive Director
COMPENSATION
A$161K
AGE
59
TENURE
3.8 yrs

Peter Everingham

TITLE
Independent Non-Executive Director
COMPENSATION
A$75K
AGE
50
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
27. Jun 19 Sell UBS Asset Management Company 21. Jun 19 25. Jun 19 -841,158 A$8.65 A$-7,274,330
27. Jun 19 Buy UBS Asset Management Company 21. Jun 19 25. Jun 19 865,477 A$8.83 A$7,447,745
24. Jun 19 Buy UBS Asset Management Company 20. Jun 19 20. Jun 19 326,475 A$9.11 A$2,974,295
23. Jun 19 Sell UBS Asset Management Company 13. Jun 19 19. Jun 19 -2,788,360 A$9.19 A$-24,878,591
23. Jun 19 Buy UBS Asset Management Company 13. Jun 19 19. Jun 19 729,348 A$9.26 A$6,663,820
21. Jun 19 Buy Realindex Investments Pty Limited Company 18. Jun 19 20. Jun 19 267,977 A$9.10 A$2,437,496
21. Jun 19 Buy Colonial First State Asset Management (Australia) Limited Company 06. Jun 19 19. Jun 19 3,176 A$9.59 A$29,152
10. Jun 19 Sell UBS Asset Management Company 18. Mar 19 06. Jun 19 -6,885,505 A$8.21 A$-56,539,537
10. Jun 19 Buy UBS Asset Management Company 18. Mar 19 06. Jun 19 6,196,069 A$9.42 A$50,481,910
14. Jun 19 Sell UBS Asset Management Company 12. Jun 19 12. Jun 19 -228,947 A$9.31 A$-2,130,994
14. Jun 19 Buy UBS Asset Management Company 12. Jun 19 12. Jun 19 230,580 A$9.30 A$2,143,841
13. Jun 19 Sell UBS Asset Management Company 07. Jun 19 11. Jun 19 -282,791 A$9.41 A$-2,651,197
13. Jun 19 Buy UBS Asset Management Company 07. Jun 19 11. Jun 19 294,601 A$9.40 A$2,767,726
06. Jun 19 Sell Realindex Investments Pty Limited Company 17. May 19 05. Jun 19 -79,602 A$9.08 A$-723,069
06. Jun 19 Buy Realindex Investments Pty Limited Company 15. May 19 05. Jun 19 60,786 A$9.18 A$557,931
06. Jun 19 Sell Colonial First State Asset Management (Australia) Limited Company 15. May 19 05. Jun 19 -559,399 A$8.58 A$-4,570,086
06. Jun 19 Buy Colonial First State Asset Management (Australia) Limited Company 15. May 19 29. May 19 694,817 A$8.37 A$5,815,104
16. May 19 Buy Colonial First State Asset Management (Australia) Limited Company 17. Jan 19 14. May 19 95,514 A$7.50 A$715,870
19. Mar 19 Sell UBS Asset Management Company 18. Dec 18 15. Mar 19 -12,638,257 A$7.53 A$-92,790,846
19. Mar 19 Buy UBS Asset Management Company 18. Dec 18 15. Mar 19 11,103,227 A$7.32 A$81,220,800
18. Mar 19 Buy BlackRock, Inc. Company 19. Nov 18 15. Mar 19 5,525,673 A$7.88 A$13,912,570
18. Mar 19 Buy Anthony Heraghty Individual 14. Mar 19 18. Mar 19 25,590 A$7.85 A$200,950
27. Feb 19 Sell Yarra Funds Management Limited Company 13. Nov 18 25. Feb 19 -2,146,532 A$7.55 A$-16,214,871
27. Feb 19 Buy Yarra Funds Management Limited Company 13. Nov 18 25. Feb 19 1,369,033 A$7.22 A$9,879,121
19. Dec 18 Sell UBS Asset Management Company 14. Dec 18 14. Dec 18 -4 A$7.25 A$-29
19. Dec 18 Buy UBS Asset Management Company 12. Oct 18 17. Dec 18 11,722,777 A$7.65 A$89,097,352
14. Nov 18 Sell Yarra Funds Management Limited Company 28. Jun 18 12. Nov 18 -2,797,279 A$8.35 A$-23,344,698
14. Nov 18 Buy Yarra Funds Management Limited Company 28. Jun 18 12. Nov 18 1,024,644 A$8.07 A$8,269,726
06. Nov 18 Buy Diana Eilert Individual 05. Nov 18 05. Nov 18 7,000 A$7.57 A$53,019
06. Nov 18 Buy Sally Anne Pitkin Individual 02. Nov 18 02. Nov 18 3,000 A$7.51 A$22,544
01. Nov 18 Buy Howard Mowlem Individual 31. Oct 18 31. Oct 18 10,000 A$7.41 A$74,101
31. Oct 18 Buy Everney Pty Ltd Company 30. Oct 18 30. Oct 18 7,000 A$7.39 A$51,750
14. Oct 18 Sell UBS Asset Management Company 19. Sep 18 10. Oct 18 -2,636,965 A$8.87 A$-23,380,587
14. Oct 18 Buy UBS Asset Management Company 19. Sep 18 10. Oct 18 2,395,762 A$8.87 A$21,257,761
15. Oct 18 Sell UBS Asset Management Company 11. Oct 18 11. Oct 18 -542,029 A$9.19 A$-4,983,366
15. Oct 18 Buy UBS Asset Management Company 11. Oct 18 11. Oct 18 289,467 A$9.21 A$2,665,139
19. Sep 18 Buy UBS Asset Management Company 12. Sep 18 17. Sep 18 450,270 A$8.73 A$3,931,652
20. Sep 18 Sell UBS Asset Management Company 18. Sep 18 18. Sep 18 -153,929 A$8.68 A$-1,335,960
20. Sep 18 Buy UBS Asset Management Company 18. Sep 18 18. Sep 18 140,490 A$8.68 A$1,219,994
06. Sep 18 Sell UBS Asset Management Company 23. Aug 18 04. Sep 18 -1,387,329 A$9.60 A$-13,319,126
06. Sep 18 Buy UBS Asset Management Company 23. Aug 18 04. Sep 18 1,513,862 A$9.59 A$14,523,273
22. Aug 18 Buy UBS Asset Management Company 09. May 18 20. Aug 18 11,462,024 A$8.51 A$97,562,558
30. Aug 18 Buy Howard Mowlem Individual 28. Aug 18 28. Aug 18 10,000 A$9.75 A$97,470
24. Aug 18 Sell UBS Asset Management Company 21. Aug 18 22. Aug 18 -853,062 A$10.04 A$-8,562,223
24. Aug 18 Buy UBS Asset Management Company 21. Aug 18 22. Aug 18 1,566,611 A$10.03 A$15,715,780
02. Aug 18 Sell Vinva Investment Management Company 06. Jul 18 31. Jul 18 -70,167 A$8.65 A$-607,151
02. Aug 18 Buy Vinva Investment Management Company 06. Jul 18 31. Jul 18 2,152,742 A$8.84 A$19,034,255
X
Management checks
We assess Super Retail Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Super Retail Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Does Super Retail Group Limited's (ASX:SUL) P/E Ratio Tell You?

View our latest analysis for Super Retail Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Super Retail Group: P/E of 14.53 = A$9.41 ÷ A$0.65 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Does Super Retail Group's P/E Ratio Compare To Its Peers?

Simply Wall St -

Have Insiders Been Buying Super Retail Group Limited (ASX:SUL) Shares?

Check out our latest analysis for Super Retail Group Super Retail Group Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Group MD Anthony Heraghty for AU$201k worth of shares, at about AU$7.85 per share. … While Super Retail Group insiders bought shares last year, they didn't sell. … Judging from their transactions, and high insider ownership, Super Retail Group insiders feel good about the company's future.

Simply Wall St -

Is Super Retail Group Limited (ASX:SUL) Potentially Undervalued?

Super Retail Group Limited (ASX:SUL), which is in the specialty retail business, and is based in Australia, saw a decent share price growth in the teens level on the ASX over the last few months. … Great news for investors – Super Retail Group is still trading at a fairly cheap price. … What’s more interesting is that, Super Retail Group’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future.

Simply Wall St -

Can Super Retail Group Limited (ASX:SUL) Maintain Its Strong Returns?

Our data shows Super Retail Group has a return on equity of 16% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Super Retail Group: 16% = AU$128m ÷ AU$796m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Super Retail Group's Debt And Its 16% ROE Super Retail Group has a debt to equity ratio of 0.45, which is far from excessive.

Simply Wall St -

If You Like EPS Growth Then Check Out Super Retail Group (ASX:SUL) Before It's Too Late

So if you're like me, you might be more interested in profitable, growing companies, like Super Retail Group (ASX:SUL). … For companies with market capitalizations between AU$1.4b and AU$4.6b, like Super Retail Group, the median CEO pay is around AU$2.5m. … So if you like the sound of Super Retail Group, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Is Super Retail Group Limited's (ASX:SUL) Balance Sheet A Threat To Its Future?

With this rise in debt, SUL's cash and short-term investments stands at AU$63m , ready to be used for running the business. … On top of this, SUL has generated cash from operations of AU$250m in the last twelve months, resulting in an operating cash to total debt ratio of 70%, meaning that SUL’s operating cash is sufficient to cover its debt. … Next Steps: SUL’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

What Should Investors Know About Super Retail Group Limited's (ASX:SUL) Future?

Looking at Super Retail Group Limited's (ASX:SUL) earnings update in December 2018, the consensus outlook from analysts appear fairly confident, with profits predicted to increase by 14% next year compared with the past 5-year average growth rate of 3.2%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … ASX:SUL Past and Future Earnings, May 15th 2019 This results in an annual growth rate of 7.7% based on the most recent earnings level of AU$128m to the final forecast of AU$154m by 2022.

Simply Wall St -

Did Changing Sentiment Drive Super Retail Group's (ASX:SUL) Share Price Down By 21%?

We regret to report that long term Super Retail Group Limited (ASX:SUL) shareholders have had that experience, with the share price dropping 21% in three years, versus a market return of about 35%. … Although the share price is down over three years, Super Retail Group actually managed to grow EPS by 13% per year in that time. … It's good to see that Super Retail Group has increased its revenue over the last three years.

Simply Wall St -

Has Super Retail Group Limited (ASX:SUL) Been Employing Capital Shrewdly?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Calculating The Fair Value Of Super Retail Group Limited (ASX:SUL)

I will use the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate.

Simply Wall St -

Company Info

Description

Super Retail Group Limited operates as a retailer of auto, outdoor, and sports products in Australia, New Zealand, and China. The company offers automotive parts and accessories, handyman items, and tools and equipment to marine and motorbike products, including batteries, car care products, exterior accessories, hand and power tools, in-car navigation systems, in-car stereo equipment, lighting and electrical products, oils, filters and additives, outdoor equipment and accessories, seat covers and interior accessories, spare parts, paints and panels, and performance products. It also provides footwear, fitness and sports equipment, apparel, and related accessories for casual enthusiast and serious competitors; boating, camping, and fishing products, such as lures, rods and reels, tackle boxes, fishing nets, tents, ropes, pegs, cooking equipment, and clothing and hiking gears, as well as boating accessories comprising fishing rod holders, bilge pumps, fishfinders, and others. In addition, the company offers apparel and equipment for mountain climbers, campers, hiker, and others; and fitness equipment, which comprise treadmills, home gyms, exercise bikes, fitness accessories, elliptical cross trainers, free weights, boxing equipment, nutritional supplements, rowers, and home fitness studios for use in home, corporate, and commercial markets. Further, it supplies, delivers, and installs fitness facilities in clubs, gyms, hotels, and schools. The company sells its products under the BCF, Macpac, Rebel, Supercheap Auto, Avanti Fitness, and Workout World brands. It operates 670 stores. The company was formerly known as Super Cheap Auto Group Limited and changed its name to Super Retail Group Limited in 2010. Super Retail Group Limited was founded in 1972 and is headquartered in Brisbane, Australia.

Details
Name: Super Retail Group Limited
SUL
Exchange: ASX
Founded: 1972
A$1,875,145,634
197,383,751
Website: http://www.superretailgroup.com
Address: Super Retail Group Limited
751 Gympie Road,
Lawnton,
Brisbane,
Queensland, 4501,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SUL Ordinary Shares Australian Securities Exchange AU AUD 06. Jul 2004
DB RSU Ordinary Shares Deutsche Boerse AG DE EUR 06. Jul 2004
CHIA SUL Ordinary Shares Chi-X Australia AU AUD 06. Jul 2004
Number of employees
Current staff
Staff numbers
12,000
Super Retail Group employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 10:30
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/14
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.