ERD Stock Overview
EROAD Limited provides electronic on-board units and software as a service to the transport industry in New Zealand, Australia, the United States, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.61|
|52 Week High||NZ$5.80|
|52 Week Low||NZ$1.42|
|1 Month Change||7.33%|
|3 Month Change||9.52%|
|1 Year Change||-72.15%|
|3 Year Change||-46.33%|
|5 Year Change||-42.29%|
|Change since IPO||-52.65%|
Recent News & Updates
|ERD||NZ Electronic||NZ Market|
Return vs Industry: ERD underperformed the NZ Electronic industry which returned -49.8% over the past year.
Return vs Market: ERD underperformed the NZ Market which returned -19.1% over the past year.
|ERD Average Weekly Movement||8.6%|
|Electronic Industry Average Movement||8.8%|
|Market Average Movement||3.9%|
|10% most volatile stocks in NZ Market||7.7%|
|10% least volatile stocks in NZ Market||2.8%|
Stable Share Price: ERD is more volatile than 90% of NZ stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ERD's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NZ stocks.
About the Company
EROAD Limited provides electronic on-board units and software as a service to the transport industry in New Zealand, Australia, the United States, and internationally. The company offers products to reduce the time and money spend on road user charges compliance; and manage obligations and risks associated with the Health and Safety at Work Act, as well as fleet management products. It also designs and manufactures in-vehicle hardware; and operates secure payment and merchant gateways, as well as provides web-based value-added services.
EROAD Fundamentals Summary
|ERD fundamental statistics|
Is ERD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ERD income statement (TTM)|
|Cost of Revenue||NZ$93.10m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.087|
|Net Profit Margin||-8.36%|
How did ERD perform over the long term?See historical performance and comparison
Is ERD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ERD?
Other financial metrics that can be useful for relative valuation.
|What is ERD's n/a Ratio?|
Price to Sales Ratio vs Peers
How does ERD's PS Ratio compare to its peers?
|ERD PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
IKE ikeGPS Group
6217 C.C.P. Contact Probes
3508 Ways Technical
Price-To-Sales vs Peers: ERD is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (3x).
Price to Earnings Ratio vs Industry
How does ERD's PE Ratio compare vs other companies in the Oceanian Electronic Industry?
Price-To-Sales vs Industry: ERD is good value based on its Price-To-Sales Ratio (1.5x) compared to the Oceanic Electronic industry average (2x)
Price to Sales Ratio vs Fair Ratio
What is ERD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.5x|
|Fair PS Ratio||1.8x|
Price-To-Sales vs Fair Ratio: ERD is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).
Share Price vs Fair Value
What is the Fair Price of ERD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ERD (NZ$1.61) is trading below our estimate of fair value (NZ$5.12)
Significantly Below Fair Value: ERD is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is EROAD forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: ERD is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ERD is expected to become profitable in the next 3 years.
Revenue vs Market: ERD's revenue (19.4% per year) is forecast to grow faster than the NZ market (5.6% per year).
High Growth Revenue: ERD's revenue (19.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ERD's Return on Equity is forecast to be low in 3 years time (5.2%).
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How has EROAD performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERD is currently unprofitable.
Growing Profit Margin: ERD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ERD is unprofitable, but has reduced losses over the past 5 years at a rate of 26.1% per year.
Accelerating Growth: Unable to compare ERD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ERD is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (19%).
Return on Equity
High ROE: ERD has a negative Return on Equity (-3.88%), as it is currently unprofitable.
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How is EROAD's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: ERD's short term assets (NZ$61.5M) do not cover its short term liabilities (NZ$65.9M).
Long Term Liabilities: ERD's short term assets (NZ$61.5M) exceed its long term liabilities (NZ$53.5M).
Debt to Equity History and Analysis
Debt Level: ERD's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: ERD's debt to equity ratio has reduced from 15.7% to 13% over the past 5 years.
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: Insufficient data to determine if ERD has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ERD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is EROAD current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|EROAD Dividend Yield vs Market|
|Market Bottom 25% (NZ)||2.8%|
|Market Top 25% (NZ)||6.3%|
|Industry Average (Electronic)||2.2%|
|Analyst forecast in 3 Years (EROAD)||n/a|
Notable Dividend: Unable to evaluate ERD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ERD'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 ERD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ERD's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ERD has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Mark Heine serves as an Executive Vice President and Company Secretary at EROAD Limited as well as CEO since June 21, 2022 and served as its Acting CEO since April 08, 2022 until June 21, 2022. He serv...
Experienced Management: ERD's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Experienced Board: ERD's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ERD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|08 Sep 22||BuyNZ$12,999,019||First NZ Capital Ltd., Asset Management Arm||Company||4,461,258||NZ$2.93|
|08 Sep 22||BuyNZ$2,998,014||Harbour Asset Management Limited||Company||629,221||NZ$4.76|
|08 Sep 22||SellNZ$12,601,198||First NZ Capital Ltd., Asset Management Arm||Company||3,860,710||NZ$3.28|
|08 Sep 22||SellNZ$777,729||Harbour Asset Management Limited||Company||270,568||NZ$2.87|
|26 Jul 22||BuyNZ$4,725,367||Colonial First State Investments Limited||Company||1,373,783||NZ$3.44|
|30 Jun 22||BuyNZ$52,657||Graham Stuart||Individual||35,000||NZ$1.50|
|28 Jun 22||SellNZ$857,744||Colonial First State Investments Limited||Company||202,713||NZ$4.91|
|17 Jun 22||BuyNZ$2,056,257||Colonial First State Investments Limited||Company||658,995||NZ$3.12|
|07 Jun 22||BuyNZ$580,740||Selwyn Pellett||Individual||236,710||NZ$2.45|
|01 Jun 22||BuyNZ$1,812,838||ASB Group Investments Ltd.||Company||704,202||NZ$2.57|
|19 May 22||BuyNZ$1,488,746||Australian Ethical Investment Ltd.||Company||605,441||NZ$2.46|
|16 Mar 22||BuyNZ$4,974,211||Australian Ethical Investment Ltd.||Company||1,239,463||NZ$5.02|
|01 Mar 22||SellNZ$718,963||Colonial First State Investments Limited||Company||165,146||NZ$4.35|
|22 Dec 21||BuyNZ$4,519,454||ASB Group Investments Ltd.||Company||830,099||NZ$5.49|
|17 Dec 21||SellNZ$7,579,641||Australian Ethical Investment Ltd.||Company||1,372,870||NZ$5.84|
|15 Dec 21||BuyNZ$56,085||Graham Stuart||Individual||11,446||NZ$4.90|
|06 Dec 21||SellNZ$28,533||Colonial First State Investments Limited||Company||5,763||NZ$4.98|
|02 Dec 21||BuyNZ$4,565,219||First NZ Capital Ltd., Asset Management Arm||Company||876,252||NZ$5.30|
|02 Dec 21||BuyNZ$11,814||Morgan Stanley, Investment Banking and Brokerage Investments||Company||2,223||NZ$5.31|
|02 Dec 21||SellNZ$4,886,962||First NZ Capital Ltd., Asset Management Arm||Company||940,412||NZ$5.22|
|02 Dec 21||SellNZ$2,551||Morgan Stanley, Investment Banking and Brokerage Investments||Company||526||NZ$4.85|
|29 Nov 21||BuyNZ$13,387,982||Australian Ethical Investment Ltd.||Company||2,623,431||NZ$5.69|
|18 Nov 21||BuyNZ$26,068,831||Colonial First State Investments Limited||Company||7,403,312||NZ$3.52|
|16 Nov 21||SellNZ$22,787,170||Colonial First State Investments Limited||Company||6,589,756||NZ$3.46|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
EROAD Limited's employee growth, exchange listings and data sources
- Name: EROAD Limited
- Ticker: ERD
- Exchange: NZSE
- Founded: 2000
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: NZ$177.709m
- Shares outstanding: 110.38m
- Website: https://www.eroad.co.nz
Number of Employees
- EROAD Limited
- 260 Oteha Valley Road
- Level 3
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ERD||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Aug 2014|
|ERDL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Aug 2014|
|ERD||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2014|
|ERD||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2014|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.