$1.38

0.02 (1.43%)

Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation
Business risk 0
Share price risk 0

General Information

Thorn Group Limited
TGA
http://www.thorn.com.au
Computer & Electronics Retail
216
154

Current Price Data+

Current Price $1.380
Open $1.400
High $1.410
Low $1.380
Last Close $1.400
Volume 542937
Price Movement $0.02 ( 1.43% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Buy
3 May 2016
1

Company Overview

Business Description

Thorn Group Limited (TGA) is an operator in the household goods rental market in Australia. TGA provide a range of audio/visual products, kitchen and laundry appliances, computers, furniture and fitness equipment through its Radio Rentals and Rentlo national store network. TGA also provides other services through its Cashfirst, Thorn Business Services, Thorn Equipment Finance and National Credit Management Limited.

Financial Summary

Year to Mar NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 37.7 24.4 13.1% 5.7 13.0 9.4% 100.0%
2016 F 32.9 21.6 -5.0% 6.4 12.0 8.7% 100.0%
2015 A 34.2 22.7 19.9% 11.1 11.0 4.3% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2015 A 2016 F 2017 F 2015 A 2016 F 2017 F 2015 A 2016 F 2017 F
JB Hi-Fi (JBH) $2,281M 0.0842 0.0557 0.0437 16.7539 15.8703 15.2055 3.90% 4.10% 4.37%
Thorn Group (TGA) $217M 0.1544 0.1228 0.0836 6.4361 5.7324 5.2899 8.36% 9.25% 10.68%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.39 6.48 1.12 1.12
Market 1.04 16.30 1.29 1.53
Sector 0.94 15.90 1.93 1.27

Directors

Name Position Start Date
Mr James Marshall Chief Executive Officer, Managing Director 5 May 2014
Mr Peter William Henley Non-Executive Director 21 May 2007
Mr Stephen (Steve) Kulmar Non-Executive Director 15 Apr 2014
Mr David Amdrew Foster Non-Executive Director 1 Dec 2014
Mr Andrew Stevens Non-Executive Director 1 Jun 2015
Ms Joycelyn Cheryl Morton Non-Executive Director, Non-Executive Chairman 1 Oct 2011

Management

Name Position
Peter Eaton Chief Financial Officer (CFO)
Andrew Crowther Company Secretary
Matt Ingram General Manager Commercial Finance
Rob Price General Manager Consumer Finance
Derrick Hubble General Manager Consumer Leasing
Sean Jones General Manager Receivables Management

Substantial Shareholders

Holding Name
10,037,184 (6.63%) Kinetic Investment Partners Limited
9,466,618 (6.25%) Vinva Investment Management

Calendar of Events

Date Event
15 November 2016 Report (Interim)
18 July 2016 Report (Annual)
25 May 2016 Report (Prelim)
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