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Turners Automotive Group Ltd
ASX:TRA

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Turners Automotive Group Ltd
ASX:TRA
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Price: 7.24 AUD Market Closed
Market Cap: AU$639.7m

P/B

2.5
Current
77%
More Expensive
vs 3-y average of 1.4

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.5
=
Market Cap
AU$752.6m
/
Total Equity
NZ$306.2m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.5
=
Market Cap
AU$752.6m
/
Total Equity
NZ$306.2m

Valuation Scenarios

Turners Automotive Group Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.4), the stock would be worth AU$4.1 (43% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-64%
Maximum Upside
No Upside Scenarios
Average Downside
46%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.5 AU$7.24
0%
3-Year Average 1.4 AU$4.1
-43%
5-Year Average 1.4 AU$3.94
-46%
Industry Average 0.9 AU$2.63
-64%
Country Average 1.8 AU$5.05
-30%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
NZ
Turners Automotive Group Ltd
ASX:TRA
777.1m AUD 2.5 18.9
US
Carvana Co
NYSE:CVNA
89.3B USD 26 63.5
US
O'Reilly Automotive Inc
NASDAQ:ORLY
78.4B USD -102.7 30.9
US
Autozone Inc
NYSE:AZO
59.1B USD -20.3 24.2
ZA
Motus Holdings Ltd
JSE:MTH
19.6B ZAR 1 7.3
US
Penske Automotive Group Inc
NYSE:PAG
10.5B USD 1.9 11.3
US
Murphy Usa Inc
NYSE:MUSA
9.9B USD 15.8 21
TW
Hotai Motor Co Ltd
TWSE:2207
274.9B TWD 3.2 14.5
BR
Vibra Energia SA
BOVESPA:VBBR3
37B BRL 1.8 18.7
US
AutoNation Inc
NYSE:AN
7.1B USD 3.1 11.1
US
Lithia Motors Inc
NYSE:LAD
6.5B USD 1 7.9

Market Distribution

In line with most companies in New Zealand
Percentile
58th
Based on 235 companies
58th percentile
2.1
Low
0.3 — 1
Typical Range
1 — 3.4
High
3.4 —
Distribution Statistics
New Zealand
Min 0.3
30th Percentile 1
Median 1.8
70th Percentile 3.4
Max 11.6

Other Multiples

Turners Automotive Group Ltd
Glance View

Market Cap
639.7m AUD
Industry
Retail

Turners Automotive Group Ltd. engages in the provision of loans, insurance products, and credit collection services. The firm's segments include Auctions & Fleet, which is engaged in remarketing (motor vehicles, trucks, heavy machinery and commercial goods) and purchasing goods for sale and related asset-based finance to consumers; Collection services, which provides collection services, and debt recovery services to the corporate and small and medium-sized enterprise (SME) sectors in New Zealand and Australia; Finance, which provides asset-based secured finance to consumers and SME's; Insurance, which markets and administrates a range of life and consumer insurance and superannuation products, and Corporate & other.

TRA Intrinsic Value
6 AUD
Overvaluation 17%
Intrinsic Value
Price AU$7.24
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