AP Eagers Limited (APE)

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE! Already a member? Login now!

General Information
Company Name: AP Eagers Limited
Stock Code: APE
Website: www.apeagers.com.au
GICS Sub-Industry: Automotive Retail
Market Cap ($M): 1,018
Equiv. Shares (M): 179

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 5.700 $ 0.000 $ 0.000 $ 0.000 $ 5.700 0 0%

Company Overview

Business Description:
AP Eagers Limited (APE) operates motor vehicle dealerships in Australia. APE provides full facilities including the sale of new and used vehicles, service, parts and the facilitation of allied consumer finance. APE also operates a substantial motor vehicle auction business, Brisbane Motor Auctions. APE has four operating segments being Automotive Franchised Retail, Truck Retail, Property, Investment and others.

Strategy Analysis:
APE's strategy is focused on maintaining its industry position through acquisition of dealerships located on strategically visible and functional properties. APE is structured through a franchise and dealership network and develops its dealership program through acquisition, property rationalisation and refurbishing existing facilities. To improve margins at each dealership, APE is focused on cost control, optimising property usage operational integration.. AP Eagers reported NPAT up 38% to $55.37m for the year ended 31 December 2012. Revenues from ordinary activities were $2.64bn, up 10% from last year. Diluted EPS was 33.2 cents compared to 25.2 cents last year. The increases in profitability and earnings per share were due to improved operational results from the company's Qld/NT, SA Cars and National Truck divisions and the inclusion for the first time of dividend income from the strategic investment in Automotive Holdings Group. Net operating cash flow was $55.64m compared to $64.52m last year. The final dividend declared was 13 cents, taking the full year dividend to 20 cents compared with 80 cents last year.

Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 64.6 35.6 7.3 13.2 23.0 4.9 100.0
2012  A 55.6 33.2 30.6 11.1 20.0 5.4 100.0
2011  A 40.6 25.4 22.5 9.1 16.0 6.9 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Automotive Holdings (AHE) $1,210 M 0.1319 0.0841 0.0747 13.6207 12.5636 11.6898 5.32 5.94 6.49
AP Eagers (APE) $1,018 M 0.0731 -- -- 15.9978 -- -- 4.04 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
APE -- 16.0 1.87 -- 0.39
Market 0.91 15.2 1.18 1.87 1.52
Sector 0.91 14.5 1.87 1.67 0.90

Name Position Start Date
Mr Martin Andrew Ward Chief Executive Officer,Managing Director 06 March 2006
Mr Nicholas George Politis Non-Executive Director 05 May 2000
Mr Peter William Henley Non-Executive Director 08 December 2006
Mr Daniel Thomas Ryan Non-Executive Director 01 January 2010
Mr David Arthur Cowper Non-Executive Director 01 July 2012
Mr Timothy Boyd Irving Crommelin Non-Executive Director,Non-Executive Chairman 23 February 2011

Name Position
Stephen Graham Best Chief Financial Officer
Denis Gerard Stark General Counsel,Company Secretary
Keith Thomas Thornton General Manager Queensland & Northern Territory
Michael Anthony Raywood Group Human Resources Manager

Substantial Shareholders
Holding Name
62,817,353 (35.58%) WFM Motors Pty Ltd
10,193,381 (5.77%) Jove Pty Ltd
11,977,755 (6.78%) Patterson Cheney Investments Pty Ltd

Calendar of Events
Date Event
31 August 2015 Report (Interim)
27 August 2015 Report (Interim)
16 April 2015 Report (Annual)
02 March 2015 Report (Prelim)
25 February 2015 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Choosing A Financial Planner

An educational booklet about the specialised professionals who help people with their money-related requirements - especially superannuation.

More details...


Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?


Sponsored Links