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Turners Automotive Group Ltd
NZX:TRA

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Turners Automotive Group Ltd
NZX:TRA
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Price: 8.53 NZD -0.7%
Market Cap: NZ$776.5m

P/B

2.5
Current
75%
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
NZ$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
NZ$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 NZ$4.86 (43% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-63%
Maximum Upside
No Upside Scenarios
Average Downside
45%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.5 NZ$8.53
0%
3-Year Average 1.4 NZ$4.86
-43%
5-Year Average 1.4 NZ$4.68
-45%
Industry Average 0.9 NZ$3.11
-63%
Country Average 1.8 NZ$5.99
-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
NZX:TRA
771.6m NZD 2.5 18.8
US
Carvana Co
NYSE:CVNA
88.7B USD 25.8 63.1
US
O'Reilly Automotive Inc
NASDAQ:ORLY
77.1B USD -101 30.4
US
Autozone Inc
NYSE:AZO
58.9B USD -20.2 24.1
ZA
Motus Holdings Ltd
JSE:MTH
19.6B ZAR 1 7.3
US
Penske Automotive Group Inc
NYSE:PAG
10.6B USD 1.9 11.4
US
Murphy Usa Inc
NYSE:MUSA
9.7B USD 15.5 20.5
TW
Hotai Motor Co Ltd
TWSE:2207
271.3B TWD 3.1 14.4
BR
Vibra Energia SA
BOVESPA:VBBR3
36.7B BRL 1.8 18.7
US
AutoNation Inc
NYSE:AN
7.1B USD 3 11
US
Lithia Motors Inc
NYSE:LAD
6.5B USD 1 7.9

Market Distribution

In line with most companies in New Zealand
Percentile
61st
Based on 235 companies
61st percentile
2.5
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
776.5m NZD
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
6.59 NZD
Overvaluation 23%
Intrinsic Value
Price NZ$8.53
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