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EROAD Ltd
NZX:ERD

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EROAD Ltd
NZX:ERD
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Price: 0.98 NZD -1.01% Market Closed
Market Cap: NZ$184.2m

EV/EBITDA

44.5
Current
48%
Cheaper
vs 3-y average of 86.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
44.5
=
Enterprise Value
NZ$176.2m
/
EBITDA
NZ$4.3m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
44.5
=
Enterprise Value
NZ$176.2m
/
EBITDA
NZ$4.3m

Valuation Scenarios

EROAD Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (86.3), the stock would be worth NZ$1.9 (94% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-59%
Maximum Upside
+94%
Average Upside
39%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 44.5 NZ$0.98
0%
3-Year Average 86.3 NZ$1.9
+94%
5-Year Average 84.3 NZ$1.86
+89%
Industry Average 58.4 NZ$1.28
+31%
Country Average 18.3 NZ$0.4
-59%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
NZ$176.2m
/
Oct 2025
NZ$4.3m
=
44.5
Current
NZ$176.2m
/
Mar 2026
NZ$58m
=
3
Forward
NZ$176.2m
/
Mar 2027
NZ$60.7m
=
2.9
Forward
NZ$176.2m
/
Mar 2028
NZ$67.5m
=
2.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
NZ
EROAD Ltd
NZX:ERD
183.3m NZD 44.5 -1.3
JP
Keyence Corp
TSE:6861
15.5T JPY 24.2 37
US
Keysight Technologies Inc
NYSE:KEYS
58.3B USD 48.3 60.9
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
309.1B CNY 15.2 20.7
SE
Hexagon AB
STO:HEXA B
273.7B SEK 12.6 41.1
US
Teledyne Technologies Inc
NYSE:TDY
29.7B USD 21.8 34.3
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY 2 350.2 1 890.2
TW
Chroma ATE Inc
TWSE:2360
857.8B TWD 85 73.4
UK
Halma PLC
LSE:HLMA
16.9B GBP 28.6 48.5
CN
Huagong Tech Co Ltd
SZSE:000988
116.9B CNY 75.4 79.5
US
Trimble Inc
NASDAQ:TRMB
16.3B USD 21 38.2

Market Distribution

Higher than 85% of companies in New Zealand
Percentile
85th
Based on 199 companies
85th percentile
44.5
Low
4.2 — 14.7
Typical Range
14.7 — 28.5
High
28.5 —
Distribution Statistics
New Zealand
Min 4.2
30th Percentile 14.7
Median 18.3
70th Percentile 28.5
Max 518.2

EROAD Ltd
Glance View

Market Cap
184.2m NZD
Industry
Electrical Equipment

Eroad Ltd. engages in the provision of integrated and tolling services. The firm offers an electronic solution to manage and pay road user charges (RUC) and road tax regimes; support regulatory compliance, as well as provide commercial services to the heavy vehicle industry. The firm operates through three segments: Development Markets, Commercial Markets and Established Markets. The Development Markets segment includes the market opportunity that has been validated, or has been identified and is in the process of being validated. The Commercial Markets segment includes the market that has been entered and whose trading has commenced. The Established Markets segment includes a business that has been established in the market. The company designs and manufactures in-vehicle hardware, operates secure payment and merchant gateways, and offers Web-based services. The company also provides a fuel tax reporting service in North America.

ERD Intrinsic Value
1.25 NZD
Undervaluation 21%
Intrinsic Value
Price NZ$0.98
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