ASX:SUL

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Super Retail Group

Executive Summary

Super Retail Group Limited operates as a retailer of auto, sports, and outdoor leisure in Australia, New Zealand, and China.


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

How has Super Retail Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SUL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.6%

SUL

1.2%

AU Specialty Retail

2.1%

AU Market


1 Year Return

-14.2%

SUL

-1.3%

AU Specialty Retail

-10.0%

AU Market

Return vs Industry: SUL underperformed the Australian Specialty Retail industry which returned -1.3% over the past year.

Return vs Market: SUL underperformed the Australian Market which returned -10% over the past year.


Shareholder returns

SULIndustryMarket
7 Day0.6%1.2%2.1%
30 Day-6.2%7.4%5.9%
90 Day40.2%35.2%13.8%
1 Year-10.8%-14.2%2.4%-1.3%-6.3%-10.0%
3 Year13.8%-2.8%28.7%12.5%18.1%2.4%
5 Year9.2%-14.6%36.8%10.3%32.5%3.8%

Price Volatility Vs. Market

How volatile is Super Retail Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Super Retail Group undervalued compared to its fair value and its price relative to the market?

10.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SUL (A$8.05) is trading below our estimate of fair value (A$9.03)

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


Price To Earnings Ratio

PE vs Industry: SUL is good value based on its PE Ratio (12.7x) compared to the AU Specialty Retail industry average (13.5x).

PE vs Market: SUL is good value based on its PE Ratio (12.7x) compared to the Australian market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: SUL is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: SUL is overvalued based on its PB Ratio (2x) compared to the AU Specialty Retail industry average (1.9x).


Next Steps

Future Growth

How is Super Retail Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUL's forecast earnings growth (19.3% per year) is above the savings rate (2.3%).

Earnings vs Market: SUL's earnings (19.3% per year) are forecast to grow faster than the Australian market (14.1% per year).

High Growth Earnings: SUL's earnings are forecast to grow, but not significantly.

Revenue vs Market: SUL's revenue (3.4% per year) is forecast to grow slower than the Australian market (4.1% per year).

High Growth Revenue: SUL's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUL's Return on Equity is forecast to be low in 3 years time (13.9%).


Next Steps

Past Performance

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

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUL has high quality earnings.

Growing Profit Margin: SUL's current net profit margins (4.5%) are lower than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: SUL's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: SUL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SUL had negative earnings growth (-2.2%) over the past year, making it difficult to compare to the Specialty Retail industry average (-2.2%).


Return on Equity

High ROE: SUL's Return on Equity (15.7%) is considered low.


Next Steps

Financial Health

How is Super Retail Group's financial position?


Financial Position Analysis

Short Term Liabilities: SUL's short term assets (A$735.1M) do not cover its short term liabilities (A$847.3M).

Long Term Liabilities: SUL's short term assets (A$735.1M) do not cover its long term liabilities (A$1.1B).


Debt to Equity History and Analysis

Debt Level: SUL's debt to equity ratio (38.8%) is considered satisfactory.

Reducing Debt: SUL's debt to equity ratio has reduced from 53.2% to 38.8% over the past 5 years.

Debt Coverage: SUL's debt is well covered by operating cash flow (112%).

Interest Coverage: SUL's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


Next Steps

Dividend

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

5.52%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SUL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SUL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SUL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SUL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SUL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SUL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Anthony Heraghty (46yo)

1.42yrs

Tenure

AU$1,578,084

Compensation

Mr. Anthony Michael Heraghty, BBus has been Group Managing Director, Chief Executive Officer and Director at Super Retail Group Limited since February 2019. Mr. Heraghty served as Managing Director of Outd ...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD1.11M) is about average for companies of similar size in the Australian market ($USD1.36M).

Compensation vs Earnings: Anthony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Anthony Heraghty
Group MD1.42yrsAU$1.58m0.026% A$471.2k
David Burns
Chief Financial Officer7.58yrsAU$967.07k0.0092% A$164.4k
Gary Williams
Managing Director of Rebel1.25yrsAU$323.86kno data
Alex Brandon
Chief Executive Officer of Macpac8yrsAU$412.68kno data
Paul Hayes
Chief Information Officer4.58yrsno datano data
Robert Wruck
Head of Investor Relationsno datano datano data
Rebecca Farrell
Group General Counsel & Company Secretary0.42yrno datano data
Jane Kelly
Chief Human Resources Officer4yrsno datano data
Darren Wedding
Chief Supply Chain Officer1.5yrsno datano data
Katie McNamara
Chief Strategy & Customer Officer1.25yrsno datano data
Benjamin Ward
Managing Director of Auto Division1yrno datano data
Paul Bradshaw
Managing Director of BCF0.67yrno datano data

1.4yrs

Average Tenure

Experienced Management: SUL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anthony Heraghty
Group MD1.42yrsAU$1.58m0.026% A$471.2k
Howard Mowlem
Independent Non-Executive Director3.08yrsAU$166.14k0.015% A$270.6k
Reginald Rowe
Non Executive Director16.25yrsAU$141.14k29.18% A$519.9m
Sally Anne Pitkin
Independent Non-Executive Chair2.75yrsAU$313.65k0.026% A$470.3k
Peter Everingham
Independent Non-Executive Director2.58yrsAU$161.14kno data
Sally Chaplain
Independent Non-Executive Director0.33yrno datano data
Gary Dunne
Independent Non-Executive Director0.33yrno datano data

2.6yrs

Average Tenure

61yo

Average Age

Experienced Board: SUL's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 14.4%.


Top Shareholders

Company Information

Super Retail Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Super Retail Group Limited
  • Ticker: SUL
  • Exchange: ASX
  • Founded: 1972
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: AU$1.781b
  • Shares outstanding: 225.77m
  • Website: https://www.superretailgroup.com

Number of Employees


Location

  • Super Retail Group Limited
  • 6 Coulthards Avenue
  • Strathpine
  • Queensland
  • 4501
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SULASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2004
RSUDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2004
SULCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2004

Biography

Super Retail Group Limited operates as a retailer of auto, sports, and outdoor leisure 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; and 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 products for travel, touring, outdoors, garages, and sheds. It sells its products under the BCF, Macpac, Rebel, and Supercheap Auto brands. It operates 690 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 Strathpine, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/16 10:33
End of Day Share Price2020/07/16 00:00
Earnings2019/12/28
Annual Earnings2019/06/29


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.