Financials Adrad Holdings Limited

Equities

AHL

AU0000237174

Auto, Truck & Motorcycle Parts

Market Closed - Australian S.E. Other stock markets 07:10:06 26/06/2024 BST			5-day change	1st Jan Change
0.74 ^AUD	0.00%		-2.63%	-8.64%

02-25	Adrad Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2023	CI
01-11	Adrad Holdings Appoints CEO	MT

Valuation

Fiscal Period: June	2023	2024	2025	2026
Capitalization ¹	75.81	60.15	-	-
Enterprise Value (EV) ¹	64.76	39.86	37.98	34.92
P/E ratio	11.2 x	10.6 x	7.91 x	7.18 x
Yield	2.48%	3.41%	4.49%	4.99%
Capitalization / Revenue	0.54 x	0.42 x	0.4 x	0.39 x
EV / Revenue	0.46 x	0.28 x	0.25 x	0.22 x
EV / EBITDA	4.15 x	2.16 x	1.81 x	1.54 x
EV / FCF	-	2.02 x	5.27 x	3.68 x
FCF Yield	-	49.4%	19%	27.2%
Price to Book	0.65 x	0.49 x	0.45 x	0.43 x
Nbr of stocks (in thousands)	80,653	81,287	-	-
Reference price ²	0.9400	0.7400	0.7400	0.7400
Announcement Date	28/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2022	2023	2024	2025	2026
Net sales ¹	-	141.1	142.9	149.8	156.1
EBITDA ¹	-	15.6	18.46	21.02	22.63
EBIT ¹	-	8.6	10.42	12.39	13.58
Operating Margin	-	6.09%	7.29%	8.27%	8.7%
Earnings before Tax (EBT) ¹	-	9.5	8.9	11.2	12.45
Net income ¹	6.773	5.6	5.7	7.6	8.4
Net margin	-	3.97%	3.99%	5.07%	5.38%
EPS ²	2.720	0.0843	0.0695	0.0935	0.1030
Free Cash Flow ¹	-	-	19.7	7.2	9.5
FCF margin	-	-	13.78%	4.81%	6.09%
FCF Conversion (EBITDA)	-	-	106.69%	34.25%	41.99%
FCF Conversion (Net income)	-	-	345.61%	94.74%	113.1%
Dividend per Share ²	-	0.0233	0.0252	0.0332	0.0370
Announcement Date	28/09/22	28/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	68.31	72.79	73.51	70.4
EBITDA ¹	8.699	6.901	9.9	8.6
EBIT ¹	5.44	3.16	5.657	4.4
Operating Margin	7.96%	4.34%	7.7%	6.25%
Earnings before Tax (EBT) ¹	3.195	6.305	-	3.8
Net income ¹	1.855	3.745	3.086	2.5
Net margin	2.72%	5.14%	4.2%	3.55%
EPS	-	0.0488	0.0381	-
Dividend per Share	-	0.0163	0.0133	-
Announcement Date	26/02/23	28/08/23	25/02/24	-

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	11.1	20.3	22.2	25.2
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	19.7	7.2	9.5
ROE (net income / shareholders' equity)	-	9%	5.11%	5.99%	6.3%
ROA (Net income/ Total Assets)	-	4.74%	3.44%	4.08%	4.41%
Assets ¹	-	118.3	165.5	186.3	190.6
Book Value Per Share ²	-	1.450	1.510	1.630	1.740
Cash Flow per Share ²	-	0.1000	0.2500	0.1500	0.1800
Capex ¹	-	4.01	4.81	5.14	5.51
Capex / Sales	-	2.85%	3.36%	3.43%	3.53%
Announcement Date	28/09/22	28/08/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Adrad Holdings Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.74 AUD

Average target price

1.126 AUD

Spread / Average Target

+52.11%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Automotive Systems

	1st Jan change	Capi.
ADRAD HOLDINGS LIMITED	-8.64%	39.93M
BREMBO N.V.	-6.94%	3.64B
BETHEL AUTOMOTIVE SAFETY SYSTEMS CO., LTD	-19.21%	3.31B
JTEKT CORPORATION	-7.37%	2.43B
NHK SPRING CO., LTD.	+33.46%	2.16B
IMOTION AUTOMOTIVE TECHNOLOGY (SUZHOU) CO., LTD.	+124.33%	2.12B
HANON SYSTEMS	-33.40%	1.9B
NEXTEER AUTOMOTIVE GROUP LIMITED	-26.57%	1.16B
AOTECAR NEW ENERGY TECHNOLOGY CO., LTD.	-26.77%	1.03B
FRAS-LE S.A.	+12.94%	939M

Automotive Systems