TRA Stock Overview
Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$4.28|
|52 Week High||NZ$4.61|
|52 Week Low||NZ$3.09|
|1 Month Change||-2.06%|
|3 Month Change||-1.84%|
|1 Year Change||29.70%|
|3 Year Change||83.69%|
|5 Year Change||10.03%|
|Change since IPO||42.67%|
Recent News & Updates
These 4 Measures Indicate That Turners Automotive Group (NZSE:TRA) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|TRA||NZ Specialty Retail||NZ Market|
Return vs Industry: TRA exceeded the NZ Specialty Retail industry which returned 8.4% over the past year.
Return vs Market: TRA exceeded the NZ Market which returned -12.6% over the past year.
|TRA Average Weekly Movement||2.4%|
|Specialty Retail Industry Average Movement||3.1%|
|Market Average Movement||3.8%|
|10% most volatile stocks in NZ Market||6.6%|
|10% least volatile stocks in NZ Market||2.5%|
Stable Share Price: TRA is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TRA's weekly volatility (2%) has been stable over the past year.
About the Company
Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia. It operates through: Automotive Retail, Finance, Credit Management, and Insurance segments. The Automotive retail segment engages in the purchasing and remarketing of motor vehicles, trucks, heavy machinery, and commercial goods.
Turners Automotive Group Fundamentals Summary
|TRA fundamental statistics|
Is TRA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TRA income statement (TTM)|
|Cost of Revenue||NZ$148.88m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0|
|Net Profit Margin||9.44%|
How did TRA perform over the long term?See historical performance and comparison
4.7%Current Dividend Yield
Is Turners Automotive Group undervalued compared to its fair value and its price relative to the market?
Share Price vs. Fair Value
Below Fair Value: TRA (NZ$4.28) is trading above our estimate of fair value (NZ$4)
Significantly Below Fair Value: TRA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: Insufficient data to calculate TRA's PE Ratio to determine if it is good value compared to the NZ Specialty Retail industry average.
PE vs Market: Insufficient data to calculate TRA's PE Ratio to determine if it is good value compared to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: Insufficient data to calculate TRA's PB Ratio to determine if it is good value.
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 forecast earnings growth (6% per year) is above the savings rate (2.1%).
Earnings vs Market: TRA's earnings (6% per year) are forecast to grow slower than the NZ market (7.4% per year).
High Growth Earnings: TRA's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRA's revenue (6.5% per year) is forecast to grow faster than the NZ market (4.8% per year).
High Growth Revenue: TRA's revenue (6.5% 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 (13.4%).
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 (9.4%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: TRA's earnings have grown by 8.3% per year over the past 5 years.
Accelerating Growth: TRA's earnings growth over the past year (28%) exceeds its 5-year average (8.3% per year).
Earnings vs Industry: TRA earnings growth over the past year (28%) exceeded the Specialty Retail industry 20%.
Return on Equity
High ROE: TRA's Return on Equity (12.2%) is considered low.
How is Turners Automotive Group's financial position?
Financial Position Analysis
Short Term Liabilities: TRA's short term assets (NZ$501.2M) exceed its short term liabilities (NZ$2.9M).
Long Term Liabilities: TRA's short term assets (NZ$501.2M) do not cover its long term liabilities (NZ$512.7M).
Debt to Equity History and Analysis
Debt Level: TRA's net debt to equity ratio (118.7%) is considered high.
Reducing Debt: TRA's debt to equity ratio has increased from 131.7% to 151% 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 (9x coverage).
What is Turners Automotive Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRA's dividend (4.67%) is higher than the bottom 25% of dividend payers in the NZ market (2.86%).
High Dividend: TRA's dividend (4.67%) is low compared to the top 25% of dividend payers in the NZ market (5.07%).
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.7%), 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 (66.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Todd William Hunter serves as Group Chief Executive Officer at Turners Automotive Group Limited. He serves as Non-Executive Director of Carly Holdings Limited (formerly known as Collaborate Corporation...
Experienced Management: TRA's management team is seasoned and experienced (5 years average tenure).
Experienced Board: TRA's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
Turners Automotive Group Limited's employee growth, exchange listings and data sources
- Name: Turners Automotive Group Limited
- Ticker: TRA
- Exchange: NZSE
- Founded: 1984
- Industry: Automotive Retail
- Sector: Retail
- Implied Market Cap: NZ$368.376m
- Shares outstanding: 86.07m
- Website: https://www.turnersautogroup.co.nz
Number of Employees
- Turners Automotive Group Limited
- 70 Shortland Street
- Level 5
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/26 11:43|
|End of Day Share Price||2022/01/26 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.