Thorn Group Limited, a diversified financial services company, provides alternate consumer and commercial leasing products, and consumer and commercial financing solutions.
Thorn Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.20|
|52 Week High||AU$0.14|
|52 Week Low||AU$0.24|
|1 Month Change||2.63%|
|3 Month Change||-9.30%|
|1 Year Change||25.81%|
|3 Year Change||-66.38%|
|5 Year Change||-88.79%|
|Change since IPO||-73.65%|
Recent News & Updates
|TGA||AU Specialty Retail||AU Market|
Return vs Industry: TGA exceeded the Australian Specialty Retail industry which returned 21.6% over the past year.
Return vs Market: TGA exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: TGA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TGA's weekly volatility (4%) has been stable over the past year.
About the Company
Thorn Group Limited, a diversified financial services company, provides alternate consumer and commercial leasing products, and consumer and commercial financing solutions. It is involved in the leasing of household products to consumers; and provision of commercial finance to small and medium size enterprises. Thorn Group Limited was founded in 1937 and is based in North Sydney, Australia.
Thorn Group Fundamentals Summary
|TGA fundamental statistics|
Is TGA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TGA income statement (TTM)|
|Cost of Revenue||AU$38.49m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 26, 2021
|Earnings per share (EPS)||0.025|
|Net Profit Margin||8.06%|
How did TGA perform over the long term?See historical performance and comparison
5.1%Current Dividend Yield
Is Thorn Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TGA (A$0.2) is trading below our estimate of fair value (A$67.32)
Significantly Below Fair Value: TGA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TGA is good value based on its PE Ratio (7.9x) compared to the Australian Specialty Retail industry average (11.3x).
PE vs Market: TGA is good value based on its PE Ratio (7.9x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TGA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TGA is good value based on its PB Ratio (0.7x) compared to the AU Specialty Retail industry average (3.9x).
How is Thorn Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Retail industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thorn Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Thorn Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGA has a large one-off loss of A$2.2M impacting its March 31 2021 financial results.
Growing Profit Margin: TGA became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TGA has become profitable over the past 5 years, growing earnings by -56.3% per year.
Accelerating Growth: TGA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TGA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (91.8%).
Return on Equity
High ROE: TGA's Return on Equity (8.8%) is considered low.
How is Thorn Group's financial position?
Financial Position Analysis
Short Term Liabilities: TGA's short term assets (A$158.2M) exceed its short term liabilities (A$100.3M).
Long Term Liabilities: TGA's short term assets (A$158.2M) exceed its long term liabilities (A$93.3M).
Debt to Equity History and Analysis
Debt Level: TGA's debt to equity ratio (178.7%) is considered high.
Reducing Debt: TGA's debt to equity ratio has increased from 100.3% to 178.7% over the past 5 years.
Debt Coverage: TGA's debt is well covered by operating cash flow (123.5%).
Interest Coverage: TGA's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Thorn Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TGA's dividend (5.13%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: TGA's dividend (5.13%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: TGA's dividend payments have been volatile in the past 10 years.
Growing Dividend: TGA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.2%), TGA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Peter Lirantzis is Chief Executive Officer of Thorn Group Limited since February 12, 2020. He was Group Chief Operations Officer of FlexiGroup Limited since July 2014 until June 2018. Mr. Lirantzis has...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD588.00K) is above average for companies of similar size in the Australian market ($USD302.72K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Experienced Management: TGA's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: TGA's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TGA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.
Thorn Group Limited's employee growth, exchange listings and data sources
- Name: Thorn Group Limited
- Ticker: TGA
- Exchange: ASX
- Founded: 1937
- Industry: Computer and Electronics Retail
- Sector: Retail
- Market Cap: AU$67.978m
- Shares outstanding: 339.89m
- Website: https://www.thorn.com.au
Number of Employees
- Thorn Group Limited
- 2 Elizabeth Street
- Suite 402
- North Sydney
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:05|
|End of Day Share Price||2021/10/18 00:00|
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.