Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia.
Fair value second-rate dividend payer.
Share Price & News
How has Turners Automotive Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRA's share price has been volatile over the past 3 months.
7 Day Return
AU Specialty Retail
1 Year Return
AU Specialty Retail
Return vs Industry: TRA underperformed the Australian Specialty Retail industry which returned 4.7% over the past year.
Return vs Market: TRA exceeded the Australian Market which returned -10.8% over the past year.
Price Volatility Vs. Market
How volatile is Turners Automotive Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Turners Automotive Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRA (A$2.15) is trading above our estimate of fair value (A$1.91)
Significantly Below Fair Value: TRA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRA is good value based on its PE Ratio (9x) compared to the Specialty Retail industry average (13.9x).
PE vs Market: TRA is good value based on its PE Ratio (9x) compared to the Australian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: TRA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TRA is good value based on its PB Ratio (0.8x) compared to the AU Specialty Retail industry average (2x).
How is Turners Automotive Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRA's earnings are forecast to decline over the next 3 years (-0.4% per year).
Earnings vs Market: TRA's earnings are forecast to decline over the next 3 years (-0.4% per year).
High Growth Earnings: TRA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TRA's revenue (0.5% per year) is forecast to grow slower than the Australian market (4.2% per year).
High Growth Revenue: TRA's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRA's Return on Equity is forecast to be low in 3 years time (8.3%).
How has Turners Automotive Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRA has high quality earnings.
Growing Profit Margin: TRA's current net profit margins (6.3%) are lower than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: TRA's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: TRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRA had negative earnings growth (-7.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (-2.2%).
Return on Equity
High ROE: TRA's Return on Equity (9.4%) is considered low.
How is Turners Automotive Group's financial position?
Financial Position Analysis
Short Term Liabilities: TRA's short term assets (NZ$452.3M) exceed its short term liabilities (NZ$2.8M).
Long Term Liabilities: TRA's short term assets (NZ$452.3M) do not cover its long term liabilities (NZ$482.6M).
Debt to Equity History and Analysis
Debt Level: TRA's debt to equity ratio (157.1%) is considered high.
Reducing Debt: TRA's debt to equity ratio has increased from 129.8% to 157.1% over the past 5 years.
Debt Coverage: TRA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TRA's interest payments on its debt are well covered by EBIT (4.6x coverage).
What is Turners Automotive Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TRA's dividend (6.36%) is higher than the bottom 25% of dividend payers in the Australian market (2.47%).
High Dividend: TRA's dividend (6.36%) is low compared to the top 25% of dividend payers in the Australian market (6.44%).
Stability and Growth of Payments
Stable Dividend: TRA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TRA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.5%), TRA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRA's dividends in 3 years are forecast to be covered by earnings (65% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Todd William Hunter serves as Non-Executive Director of Collaborate Corporation Limited since October 1, 2019. Mr. Hunter has been the Chief Executive Officer at Turners Automotive Group Limited (forme ...
|Chief Executive Officer||4.08yrs||no data||0.28% NZ$498.2k|
|Group Chief Financial Officer||3.25yrs||no data||no data|
|Group Chief Information Officer||no data||no data||no data|
|Group General Manager of Human Resources||no data||no data||no data|
|Chief Executive Officer of Automotive Retail Division||3.5yrs||no data||no data|
|Company Secretary||no data||no data||no data|
|Chief Executive Officer of EC Credit Control||5.25yrs||no data||no data|
Experienced Management: TRA's management team is considered experienced (3.8 years average tenure).
|Independent Deputy Chairman||16.42yrs||NZ$75.00k||2.9% NZ$5.1m|
|Non-Executive Chairman||10.83yrs||NZ$150.00k||no data|
|Independent Director||5yrs||NZ$75.00k||0.077% NZ$136.0k|
|Independent Director||5.5yrs||NZ$75.00k||no data|
|Non-Executive Director||7.58yrs||NZ$75.00k||6.05% NZ$10.7m|
|Non Executive Director||4.42yrs||NZ$75.00k||0.029% NZ$51.5k|
|Independent Director||1.92yrs||NZ$46.88k||0.58% NZ$1.0m|
Experienced Board: TRA's board of directors are considered experienced (5.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Turners Automotive Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Turners Automotive Group Limited
- Ticker: TRA
- Exchange: ASX
- Founded: 1984
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: NZ$187.365m
- Listing Market Cap: NZ$176.256m
- Shares outstanding: 85.55m
- Website: https://www.turnersautogroup.co.nz
Number of Employees
- Turners Automotive Group Limited
- 34 Shortland Street
- Level 8
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRA||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jan 1992|
|TRA||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia. The company operates through five segments: Automotive Retail, Finance, Credit Management, Insurance, and Corporate & Other. It buys and sells second hand cars, trucks, and machinery under the Turners and Buy Right Cars brand names. The company also provides financial solutions for personal, vehicle, and small to medium business customers under the Oxford Finance brand; and underwrites and distributes a range of life and non-life consumer insurance products under the Autosure, Mainstream Insurance, Greenwich Life Insurance, and Dorchester Life brands. In addition, it offers automotive-owner protection insurance policies for the retail motor vehicle industry through various dealers under the Autosure brand; and debt collection, credit management and reporting, and terms of trade documentation services to the SME market under the EC Credit Control brand. Further, Turners Automotive Group Limited is involved in trustee and auction businesses. The company was formerly known as Turners Limited and changed its name to Turners Automotive Group Limited in May 2017. Turners Automotive Group Limited was incorporated in 1984 and is based in Auckland, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/06 10:38|
|End of Day Share Price||2020/07/06 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.