Thorn Group (CHIA:TGA) - Stock Price, News & Analysis

TGA Stock Overview

Thorn Group Limited operates as a diversified financial services company in Australia.

TGA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 62.1% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Dividend of 25.75% is not well covered by earnings or cash flows

Does not have a meaningful market cap (A$41M)

Thorn Group Limited Competitors

Harris Technology Group

ASX:HT8

AU$2.4m

Story-I

ASX:SRY

AU$1.5m

Dusk Group

ASX:DSK

AU$49.5m

Mosaic Brands

ASX:MOZ

AU$21.0m

Price History & Performance

Summary of all time highs, changes and price drops for Thorn Group
Historical stock prices
Current Share Price	AU$1.17
52 Week High	AU$1.64
52 Week Low	AU$0.95
Beta	1.47
1 Month Change	1.30%
3 Month Change	3.56%
1 Year Change	4.02%
3 Year Change	-38.68%
5 Year Change	-79.01%
Change since IPO	-94.49%

Recent updates

Shareholder Returns

	TGA	AU Specialty Retail	AU Market
7D	0%	-1.1%	0.7%
1Y	4.0%	16.3%	6.3%

Return vs Industry: TGA underperformed the Australian Specialty Retail industry which returned 10.7% over the past year.

Return vs Market: TGA exceeded the Australian Market which returned 0.3% over the past year.

Price Volatility

Is TGA's price volatile compared to industry and market?
TGA volatility
TGA Average Weekly Movement	n/a
Specialty Retail Industry Average Movement	5.7%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.5%

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

Volatility Over Time: Insufficient data to determine TGA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1937	n/a	n/a	www.thorn.com.au

Thorn Group Limited operates as a diversified financial services company in Australia. The company provides commercial finance, such as working capital and business asset lending solutions to small and medium size enterprises. It offers debtor finance and asset finance products under the thornmoney brand.

Thorn Group Limited Fundamentals Summary

How do Thorn Group's earnings and revenue compare to its market cap?
TGA fundamental statistics
Market cap	AU$40.50m
Earnings (TTM)	-AU$3.34m
Revenue (TTM)	AU$14.13m

2.9x

P/S Ratio

-12.1x

P/E Ratio

Is TGA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TGA income statement (TTM)
Revenue	AU$14.13m
Cost of Revenue	-AU$4.81m
Gross Profit	AU$18.94m
Other Expenses	AU$22.28m
Earnings	-AU$3.34m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.096
Gross Margin	134.07%
Net Profit Margin	-23.65%
Debt/Equity Ratio	0%

How did TGA perform over the long term?

See historical performance and comparison

Dividends

25.8%

Current Dividend Yield

183%

Payout Ratio

TGA Stock Overview

Rewards

Risk Analysis

Thorn Group Limited Competitors

ASX:HT8

AU$2.4m

ASX:SRY

AU$1.5m

ASX:DSK

AU$49.5m

ASX:MOZ

AU$21.0m

Price History & Performance

Recent News & Updates

Somers Limited (BER:SOM.BH) completed the acquisition of an additional 50.6% stake in Thorn Group Limited (ASX:TGA) from Forager Funds Management Pty Ltd. and others.

Thorn Group Limited Announces Cessation of Paul Oneile as Director

TIM Finance Pty Ltd agreed to acquire Debtor Finance receivables portfolio of Thorn Group Limited.

Upcoming dividend of AU$0.45 per share at 19% yield

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Somers Limited (BER:SOM.BH) completed the acquisition of an additional 50.6% stake in Thorn Group Limited (ASX:TGA) from Forager Funds Management Pty Ltd. and others.

Thorn Group Limited Announces Cessation of Paul Oneile as Director

TIM Finance Pty Ltd agreed to acquire Debtor Finance receivables portfolio of Thorn Group Limited.

Upcoming dividend of AU$0.45 per share at 19% yield

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Thorn Group Limited to Report Fiscal Year 2023 Results on May 31, 2023

Less than half of directors are independent

Thorn Group Limited Announces Change of Principal Place of Business

Upcoming dividend of AU$0.12 per share

Thorn Group Limited Declares Special Dividend, Payable on 8 September 2022

Upcoming dividend of AU$0.01 per share

Full year 2022 earnings released: EPS: AU$0.038 (vs AU$0.026 in FY 2021)

Thorn Group Limited Announces Dividend for the Year Ended March 31, 2022, Payable on July 25, 2022

Thorn Group Limited to Report Fiscal Year 2022 Final Results on Jun 30, 2022

Less than half of directors are independent

Thorn Group Limited Declares Special Dividend, Payable on 9 February 2022

Credit Corp Group Limited (ASX:CCP) completed the acquisition of Assets of the Radio Rentals appliance leasing business from Thorn Group Limited (ASX:TGA).

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Credit Corp Group Limited (ASX:CCP) entered into a binding Asset Sale Deed to acquire Assets of the Radio Rentals appliance leasing business from Thorn Group Limited (ASX:TGA) for AUD 60 million.

Less than half of directors are independent

Somers Limited (BER:SOM.BH) cancelled the acquisition of an additional 65.5% stake in Thorn Group Limited (ASX:TGA) from Forager Funds Management Pty Ltd. and others.

Full year 2021 earnings released: EPS AU$0.026 (vs AU$0.34 loss in FY 2020)

Upcoming dividend of AU$0.01 per share

Insider recently bought AU$4.0m worth of stock

Somers Limited (BER:SOM.BH) made an offer to acquire an additional 65.5% stake in Thorn Group Limited (ASX:TGA) from Forager Funds Management Pty Ltd. and others for AUD 46.4 million.

Full year 2021 earnings released: EPS AU$0.026 (vs AU$0.34 loss in FY 2020)

Thorn Group Limited Announces Dividend for the Twelve Months Ended March 31, 2021, Payable on July 21, 2021

Thorn Group Limited Announces Upcoming Launch of a Debtor Finance Product

Thorn Group Limited, Annual General Meeting, Aug 20, 2021

Insider recently bought AU$1.2m worth of stock

First half 2021 earnings released: AU$0.003 loss per share

Insider recently bought AU$602k worth of stock

Thorn Group Limited Announces Removal of Directors

Thorn Group Limited Announces Executive Changes

New 90-day high: AU$0.25

Thorn Group Ltd. Announces Resignation of Kent Bird as a Non-Executive Director

New 90-day high: AU$0.23

New 90-day high - AU$0.21

New 90-day high - AU$0.21

Shareholder Returns

Price Volatility

About the Company

Thorn Group Limited Fundamentals Summary

2.9x

-12.1x

Earnings & Revenue

Dividends

25.8%

183%