AP Eagers Limited (GUD)
Views and News
Motor Distributor
Recent News Highlights
As at 19/02/2012 : see details at www.gud.com.au (new window? Shift+Click)
| 25/01/2012 FY12 Half Year Results Briefing |
| 24/01/2012 Half Yearly Report and Accounts |
| 21/12/2011 Martin Fraser Appointed Chief Financial Officer from 1 January 2012 |
Half-year Performance & Estimates - APE
Company Overview
100 year old automotive retail group founded in 1913
55 years as a listed public company – dividend paid every year
A.P. Eagers owns more than 70 acres of prime real estate with land and buildings of $327m (June 2013)
Represents all 12 of the top 12 selling vehicle brands in Australia and 27 car brands in total along with 10 truck / bus brands
98 dealership locations in QLD, NT, NSW, VIC and SA
3,100 employees
APE Holds: 20.7% ownership of MTAI Insurance Company (Since 1985) 7.5% ownership of www.carsguide.com.au (Nov 2011) 19.5% ownership of Automotive Holdings Group (July 2012)
APE represents 12 of the top 12 selling volume car brands in Australia; 8 of the top 9 selling luxury car brands in Australia and 10 truck and bus brands.
Of APE's $2.6 billion revenue in 2013, 44% or $1.13bn arose in Queensland 24% or $0.62bn in NSW 20% or $0.53bn in South Australia 6% or 0.16bn in Victoria and 6% or $0.15bn in the Northern Territory.
Russell Research in the media
Stock Picks for The Bull.com.au - 6 February 2012
Stock Picks for Sunday Herald Sun - 15 January 2012
Profile
AP Eagers
Rating:
Category: Potent Stock ; Midcaps
Action:
Website: www.apeagers.com.au
| ASX code: | APE |
| Closing Price, 03/12/2013: | $ 4.810 |
| Market Capitalisation: | $ 856 million |
| 52 Week High: | $ 5.65 |
| 52 Week Low: | $ 3.86 |
| Sector: | Automotive Retail |
| Index: | S&P/ASX All Index |
Summary of Fundamentals
| Year-end December | FY11A | FY12A | FY13E | FY14E |
|---|---|---|---|---|
| NPAT, $m | 40.6 | 55.6 | 61.4 | 66.2 |
| Reported EPS, ¢ | 127.00 | 33.00 | ||
| Adjusted EPS, ¢ | 34.00 | 35.20 | 36.50 | |
| EPS Growth, % | 22% | -73% | 4% | 4% |
| P/E Ratio, x | 3.79 | 14.15 | 13.66 | 13.18 |
| Dividend, ¢ | 80.0 | 20.0 | 22.00 | 23.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 16.63 | 4.16 | 4.57 | 4.78 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Automotive Retail |
| Return on Equity, FY12 : | 12% |
| Net Debt to Equity, FY12 : | 108 % |
| EBIT / Interest Cover, FY12 : | 4.27 x |
| Gicscode: | 25504050 |
| First Listed: | 25-May-72 |
Business Activities
AP Eagers (APE) is one of Australia's leading vehicle distributors. FY13 sales of $2.6bn came 44% from Queensland, 24% from NSW and 20% from South Australia. APE holds 19.5% of listed auto distribution and logistics group AHE.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |