Executive Summary
Thorn Group Limited, a diversified financial services company, provides alternate consumer and commercial leasing products, and consumer and commercial financing solutions. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Thorn Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TGA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TGA's weekly volatility has decreased from 16% to 6% over the past year.
Market Performance
7 Day Return
-2.8%
TGA
0.7%
AU Specialty Retail
-1.7%
AU Market
1 Year Return
76.8%
TGA
44.1%
AU Specialty Retail
10.5%
AU Market
Return vs Industry: TGA exceeded the Australian Specialty Retail industry which returned 44.1% over the past year.
Return vs Market: TGA exceeded the Australian Market which returned 10.5% over the past year.
Shareholder returns
| TGA | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.8% | 0.7% | -1.7% |
| 30 Day | -5.4% | -1.4% | -0.3% |
| 90 Day | 9.4% | 9.0% | 2.7% |
| 1 Year | 143.1%76.8% | 49.9%44.1% | 14.1%10.5% |
| 3 Year | -68.7%-78.5% | 83.4%60.6% | 29.7%14.0% |
| 5 Year | -83.5%-89.7% | 98.7%57.8% | 62.5%31.3% |
Long-Term Price Volatility Vs. Market
How volatile is Thorn Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Would Shareholders Who Purchased Thorn Group's (ASX:TGA) Stock Five Years Be Happy With The Share price Today?1 month ago | Simply Wall St
Insider Buying: Duncan Saville Just Spent AU$1.2m On Thorn Group Limited (ASX:TGA) Shares3 months ago | Simply Wall St
Need To Know: Thorn Group Limited (ASX:TGA) Insiders Have Been Buying SharesValuation
Is Thorn Group 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: TGA (A$0.18) is trading below our estimate of fair value (A$25.59)
Significantly Below Fair Value: TGA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TGA is unprofitable, so we can't compare its PE Ratio to the AU Specialty Retail industry average.
PE vs Market: TGA is unprofitable, so we can't compare its PE Ratio to the Australian market.
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 (0.5x) compared to the AU Specialty Retail industry average (3.1x).
Next Steps
Future Growth
How is Thorn Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.5%
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.
Next Steps
- Examine whether Thorn Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Thorn Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
Past Performance
How has Thorn Group performed over the past 5 years?
-71.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGA is currently unprofitable.
Growing Profit Margin: TGA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TGA is unprofitable, and losses have increased over the past 5 years at a rate of 71.6% per year.
Accelerating Growth: Unable to compare TGA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TGA is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (35.5%).
Return on Equity
High ROE: TGA has a negative Return on Equity (-53.47%), as it is currently unprofitable.
Next Steps
Financial Health
How is Thorn Group's financial position?
Financial Position Analysis
Short Term Liabilities: TGA's short term assets (A$185.2M) exceed its short term liabilities (A$127.4M).
Long Term Liabilities: TGA's short term assets (A$185.2M) exceed its long term liabilities (A$138.4M).
Debt to Equity History and Analysis
Debt Level: TGA's debt to equity ratio (228.1%) is considered high.
Reducing Debt: TGA's debt to equity ratio has increased from 85.7% to 228.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TGA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TGA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.7% per year.
Next Steps
Dividend
What is Thorn Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TGA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TGA'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 TGA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TGA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TGA is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TGA'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?
1.1yrs
Average management tenure
CEO
Peter Lirantzis
1.08yrs
Tenure
AU$799,215
Compensation
Mr. Peter Lirantzis is Chief Executive Officer of Thorn Group Limited since February 12, 2020. He was Group Chief Operations Officer of FlexiGroup Limited since July 2014 until June 2018. Mr. Lirantzis has...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD621.52K) is above average for companies of similar size in the Australian market ($USD295.47K).
Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.08yrs | AU$799.22k | no data | |
| General Counsel and GM of Risk & Compliance | no data | AU$320.14k | no data | |
| Chief Financial Officer | 0.42yr | no data | no data | |
| Chief Operating Officer | 0.83yr | no data | no data | |
| Head of Digital RR | 1.17yrs | no data | no data | |
| Chief Strategy & Transformation Officer | 1.17yrs | no data | no data |
1.1yrs
Average Tenure
Experienced Management: TGA's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 1.42yrs | AU$39.61k | 0.069% A$ 42.3k | |
| Interim Chairman | 1.42yrs | AU$49.40k | no data | |
| Non-Executive Director | 1.58yrs | AU$46.12k | 0.043% A$ 26.6k | |
| Director | 0.25yr | no data | no data | |
| Director | 0.25yr | no data | no data |
1.4yrs
Average Tenure
73yo
Average Age
Experienced Board: TGA's board of directors are not considered experienced ( 1.4 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: TGA 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 5.4%.
Top Shareholders
Company Information
Thorn Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Thorn Group Limited
- Ticker: TGA
- Exchange: ASX
- Founded: 1937
- Industry: Computer and Electronics Retail
- Sector: Retail
- Market Cap: AU$61.162m
- Shares outstanding: 339.79m
- Website: https://www.thorn.com.au
Number of Employees
Location
- Thorn Group Limited
- 62 Hume Highway
- Level 1
- Chullora
- New South Wales
- 2190
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TGA | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2006 |
| TGA | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2006 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 07:03 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.