Board Change • Jun 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non Executive Director John Cunningham was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non Executive Director John Cunningham was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 10
NTAW Holdings Limited, Annual General Meeting, Nov 13, 2025 NTAW Holdings Limited, Annual General Meeting, Nov 13, 2025. Location: hpx group, level 35, 1 eagle street, brisbane qld 4000, Australia Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.28 loss per share (vs AU$0.012 profit in FY 2024) Full year 2025 results: AU$0.28 loss per share (down from AU$0.012 profit in FY 2024). Revenue: AU$538.2m (flat on FY 2024). Net loss: AU$43.8m (down AU$45.3m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Jan 14
Ntaw Holdings Limited Announces Joint Company Secretary Changes NTAW Holdings Limited announced the appointment of Ms. Stephanie So as joint Company Secretary, effective 13 January 2025. Ms. So has over 14 years of governance experience including working in the Listings Compliance team at the ASX. She has extensive experience in advising on a variety of listing, corporate governance and regulatory matters for listed entities. Ms. So is a Fellow of the Governance Institute of Australia. This appointment follows the resignation of Mr. Jason Lamb as joint Company Secretary effective 13 January 2025. Mr. Lamb remains as the Chief Financial Officer of the Company. Mr. Hugh McMurchy remains as joint Company Secretary. New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$69.6m market cap, or US$46.2m). Announcement • Oct 17
NTAW Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 12.409565 million. NTAW Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 12.409565 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 33,539,366
Price\Range: AUD 0.37
Discount Per Security: AUD 0.00925
Transaction Features: Rights Offering New Risk • Aug 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 0.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (AU$53.7m market cap, or US$36.4m). Reported Earnings • Aug 28
Full year 2024 earnings released Full year 2024 results: Revenue: AU$533.4m (down 8.4% from FY 2023). Net income: AU$1.56m (down 53% from FY 2023). Profit margin: 0.3% (down from 0.6% in FY 2023). The decrease in margin was driven by lower revenue. Announcement • Jul 02
NTAW Holdings Limited, Annual General Meeting, Oct 17, 2024 NTAW Holdings Limited, Annual General Meeting, Oct 17, 2024. Location: hybrid meeting, at the brisbane club, 241 adelaide street, queensland 4000., brisbane Australia Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.007 (vs AU$0.012 loss in 1H 2023) First half 2024 results: EPS: AU$0.007 (up from AU$0.012 loss in 1H 2023). Revenue: AU$264.9m (down 10% from 1H 2023). Net income: AU$892.0k (up AU$2.50m from 1H 2023). Profit margin: 0.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Feb 27
National Tyre & Wheel Limited Announces Board Changes National Tyre & Wheel Limited announces that Mr. William (Bill) Cook, Independent Non-Executive Director, has retired as a Director of the Company, as previously announced on 13 December 2023. Bill has acted as Chairman of the Audit & Risk Committee since 2017 and will be replaced in that role by Mr. Ken Gunderson-Briggs upon Bill's retirement. Bill has been a Director of NTD since 2013, before listing on the ASX, and made a significant contribution to the organic and acquisitive growth of the business. Bill's experience, insights and mentorship were greatly valued by the Board and management. Announcement • Jan 30
National Tyre & Wheel Limited Announces Demise of Robert Kent, Non-Executive Director National Tyre & Wheel Limited announced with sadness and sincere condolences that Mr. Robert Kent, Non-Executive Director, passed away suddenly and unexpectedly on Sunday due to natural causes. Announcement • Dec 13
National Tyre & Wheel Limited Announces Management Changes National Tyre & Wheel Limited announced that Mr. Kenneth Gunderson-Briggs has been appointed to the Board of Directors of the Company as an independent Non- Executive Director and Mr. Christopher Hummer has been appointed to the Board of Directors of the Company as an Executive Director, effective immediately. Mr. Gunderson-Briggs joined the Board of Harvey Norman Holdings Limited in 2003 and has acted as the Chair of the Remuneration Committee since 2015 and Chair of the Audit & Risk Committee and Nomination Committee since 2020. Mr. Gunderson-Briggs was an independent Non-Executive Director of Australian Pharmaceutical Industries Limited from 2014 to 2022 (acting as Chair of the Board from 2020), concluding at the time Wesfarmers Limited completed the takeover of Australian Pharmaceutical Industries Limited in March 2022. Mr. Gunderson-Briggs is a Chartered Accountant and a Registered Company Auditor. Mr. Gunderson-Briggs has been involved in public practice since 1982 and a partner in a chartered accounting firm since 1990. Mr. Gunderson-Briggs' qualifications include a Bachelor of Business from the University of Technology, Sydney and he is a Fellow of the CA ANZ. Mr. Hummer is the Managing Director of NTD subsidiary, Dynamic Wheel Co (DWC). Mr. Hummer started his first business, an automotive roadside assistance firm, in 1989 and diversified into wheel and tyre wholesaling when DWC was formed in 1998. Since the acquisition of DWC by NTD in 2013, Mr. Hummer has been responsible for growing DWC into a national wheel wholesaler and in 2023 merged NTD's original equipment business (Integrated OE) into the DWC operations. Mr. Hummer joined the Victorian Automotive Chamber of Commerce (VACC) in 2001 and was elected VACC President in 2022. Mr. Hummer is also President of The Australian Tyre Dealers and Retread Association. Mr. Hummer is a member of the Australian Institute of Company Directors. Mr. Hummer will remain in his position as Managing Director of DWC, the material terms of his employment in this executive position remain as is and are set out below: Position: Dynamic Wheel Co Pty. Limited - Managing Director, Term: Either party may terminate executive role upon three months' notice, Remuneration: $300,611 (excl. superannuation), Incentives: Eligible to participate in the Company's short-term and long-term incentive plans, as determined by the Board from time to time. The Company also announces that Mr. William (Bill) Cook has advised the Board that he will resign as an independent Non-Executive Director of the Company at the time the 2024 half-year financial results are announced in late February 2024. Mr. Cook is currently the Chair of the Company's Audit & Risk Committee and the Board intend to appoint Mr. Gunderson-Briggs as Chair of the Audit & Risk Committee on Mr. Cook's retirement. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: AU$0.025 (vs AU$0.077 in FY 2022) Full year 2023 results: EPS: AU$0.025 (down from AU$0.077 in FY 2022). Revenue: AU$582.7m (up 4.4% from FY 2022). Net income: AU$3.33m (down 65% from FY 2022). Profit margin: 0.6% (down from 1.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jun 29
National Tyre & Wheel Limited, Annual General Meeting, Oct 12, 2023 National Tyre & Wheel Limited, Annual General Meeting, Oct 12, 2023, at 11:00 E. Australia Standard Time. Recent Insider Transactions • May 05
Insider recently bought AU$2.7m worth of stock On the 3rd of May, Ryan Young bought around 2m shares on-market at roughly AU$1.36 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.012 loss per share (vs AU$0.047 profit in 1H 2022) First half 2023 results: AU$0.012 loss per share (down from AU$0.047 profit in 1H 2022). Revenue: AU$296.1m (up 18% from 1H 2022). Net loss: AU$1.61m (down 130% from profit in 1H 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Murray Boyte was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2022 earnings released: EPS: AU$0.077 (vs AU$0.18 in FY 2021) Full year 2022 results: EPS: AU$0.077 (down from AU$0.18 in FY 2021). Revenue: AU$558.7m (up 21% from FY 2021). Net income: AU$9.40m (down 54% from FY 2021). Profit margin: 1.7% (down from 4.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 7.7% growth forecast for the Retail Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.12, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Retail Distributors industry globally. Total returns to shareholders of 245% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Murray Boyte was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 04
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 7.2%. Within top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 22% share price decline to AU$1.26, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Retail Distributors industry globally. Total returns to shareholders of 263% over the past three years. Reported Earnings • Feb 25
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.047 (down from AU$0.087 in 1H 2021). Revenue: AU$251.5m (up 18% from 1H 2021). Net income: AU$5.46m (down 44% from 1H 2021). Profit margin: 2.2% (down from 4.6% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 13%, compared to a 11% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 38% per year and the company’s share price has also increased by 38% per year. Upcoming Dividend • Sep 10
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 15 October 2021. Trailing yield: 8.2%. Within top quartile of Australian dividend payers (5.3%). Higher than average of industry peers (1.9%). Reported Earnings • Sep 02
Full year 2021 earnings released: EPS AU$0.18 (vs AU$0.044 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$462.9m (up 191% from FY 2020). Net income: AU$20.3m (up 345% from FY 2020). Profit margin: 4.4% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 14
Independent Non-Executive Director recently bought AU$60k worth of stock On the 9th of April, Robert Kent bought around 70k shares on-market at roughly AU$0.85 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$95k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Mar 16
New 90-day low: AU$0.83 The company is down 1.0% from a price of AU$0.83 on 15 December 2020. Underperformed the Australian market, which is up 3.0% over the last 90 days. Lagged the Retail Distributors industry, which is up 2.0% over the same period. Upcoming Dividend • Mar 05
Upcoming Dividend of AU$0.03 Per Share Will be paid on the 9th of April to those who are registered shareholders by the 12th of March. The trailing yield of 6.8% is in the top quartile of Australian dividend payers (5.5%), and it is higher than industry peers (2.1%). Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.087 (vs AU$0.024 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$212.4m (up 164% from 1H 2020). Net income: AU$9.72m (up 287% from 1H 2020). Profit margin: 4.6% (up from 3.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.10, the stock is trading at a trailing P/E ratio of 24.3x, up from the previous P/E ratio of 21x. This compares to an average P/E of 19x in the Retail Distributors industry. Total returns to shareholders over the past three years are 5.5%. Is New 90 Day High Low • Jan 27
New 90-day high: AU$1.08 The company is up 62% from its price of AU$0.67 on 29 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: AU$0.90 The company is up 49% from its price of AU$0.60 on 24 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: AU$0.85 The company is up 70% from its price of AU$0.50 on 07 August 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 22% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: AU$0.79 The company is up 89% from its price of AU$0.41 on 14 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 39% over the same period. Reported Earnings • Oct 11
Full year earnings released - EPS AU$0.044 Over the last 12 months the company has reported total profits of AU$4.55m, down 29% from the prior year. Total revenue was AU$158.9m over the last 12 months, down 5.6% from the prior year. Profit margins were 2.9%, which is lower than the 3.8% margin from last year. The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Oct 11
Annual earnings released: Revenue misses expectations Annual revenue missed analyst estimates by 3.9% at AU$158.9m. Revenue is forecast to grow 194% over the next year, compared to a 1.2% growth forecast for the Retail Distributors industry in Australia. Is New 90 Day High Low • Sep 21
New 90-day high: AU$0.66 The company is up 83% from its price of AU$0.36 on 22 June 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 19% over the same period. 
