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Amotiv
(Sydney:AOV)
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Rating:69Neutral
Price Target:
AU$7.50
â–²(17.92% Upside)
Action:Reiterated
Date:08/17/26
Overall score is driven primarily by a healthier 2026 operating and cash-flow profile but tempered by volatility (including the 2025 loss) and only moderate balance-sheet resilience. Valuation is a clear positive with a moderate P/E and high dividend yield. Technicals are mixed/soft, indicating limited near-term momentum, while the latest earnings call supports a constructive but cautious outlook due to ongoing ANZ headwinds and margin/working-capital pressures.
Positive Factors
Revenue scale and offshore diversification
Amotiv has built meaningful scale while reducing reliance on ANZ demand. Growing offshore revenue and non-ANZ earnings broaden the customer base, support structural growth and provide a natural currency hedge.
Negative Factors
Persistent ANZ demand weakness
Amotiv remains exposed to cyclical ANZ vehicle and pickup markets, where sustained weakness can reduce aftermarket volumes and delay recovery. This limits near-term operating leverage and makes offshore expansion more important.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scale and offshore diversification
Amotiv has built meaningful scale while reducing reliance on ANZ demand. Growing offshore revenue and non-ANZ earnings broaden the customer base, support structural growth and provide a natural currency hedge.
Read all positive factors
Amotiv (AOV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$840.58M
Dividend Yield6.85%
Average Volume (3M)480.70K
Price to Earnings (P/E)11.2
Beta (1Y)1.45
Revenue Growth2.66%
EPS GrowthN/A
CountryAU
Employees1,945
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.56
Shares Outstanding133,849,960
10 Day Avg. Volume336,462
30 Day Avg. Volume480,700
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)1.18
Price to Sales (P/S)0.83
P/FCF Ratio7.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.07Price Target Upside42.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.86
Revenue Forecast (FY)AU$1.03B
Amotiv Business Overview & Revenue Model
Company Description
Amotiv Limited, an entity founded in 1958 and based in South Melbourne, Australia, operates globally, encompassing manufacturing, importing, distributing, and selling a diverse array of products across markets such as Australia, New Zealand, Thail...
How the Company Makes Money
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Amotiv Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 16, 2027
Earnings Call Sentiment Positive
The call presents a constructive operational and financial story: management delivered FY'26 guidance, achieved strong cash conversion, progressed offshore expansion and strategic investments (notably VAFI and Unified), returned material cash to shareholders, and improved ROCE. However, there are clear headwinds in ANZ end markets—particularly 4‑wheel drive cyclical weakness, margin pressure from input costs (steel and inflation), inventory/working-capital elevation and a FY'26 impairment/divestment charge. Management’s actions (pricing, offshoring, Unified efficiency and capital recycling) and offshore growth provide confidence, while near-term domestic volatility and notable one-off charges temper upside.Positive Updates
Met FY'26 Underlying EBITA Guidance
Underlying EBITA delivered $195.1m, essentially meeting the FY'26 guidance (~$195m) and representing ~1.6% underlying EBITDA growth versus the prior year.
Negative Updates
4‑Wheel Drive Profitability Compression
4‑wheel drive underlying EBITDA fell to $52.8m, down 10.9% year-on-year, with margin declining 2.4 percentage points to 14.3%; weakness driven by subdued ANZ pickup volumes and timing of pricing (many pricing benefits realized only in H2).
Read all updates
Q4-2026 Updates
Positive
Negative
Met FY'26 Underlying EBITA Guidance
Underlying EBITA delivered $195.1m, essentially meeting the FY'26 guidance (~$195m) and representing ~1.6% underlying EBITDA growth versus the prior year.
Read all positive updates
Company Guidance
Management guided to modest FY‑27 revenue and underlying EBITDA growth (on a like‑for‑like basis after the ECB divestment), driven by growing offshore revenue, pricing actions and Amotiv Unified benefits that offset subdued ANZ conditions; the guidance assumes prevailing economic/trading conditions with no material adverse events and includes Unified net benefits and further pricing (skewed to H2). Key numeric anchors: FY‑26 cash conversion remained very strong at ~93.1% and is expected to be maintained; leverage sits at 1.85x (within the 1.5–2.25x target range); ROCE improved 30 bps to 13.4% against a 15% medium‑term target; U.S. dollar earnings now represent ~17% of post‑tax earnings before amortization and combined non‑ANZ earnings ~32% (vs 25% PCP); first‑half FY‑27 foreign‑exchange exposure is ~100% hedged to USD; 4‑wheel‑drive pricing annualizes with further out‑of‑cycle pricing in H1 and offshore programs (Navara Q1 FY‑27, European OEM supply from late CY‑27 implying ~30k–60k incremental units p.a. by FY‑28, ~7–14% uplift); LPE margins are expected to moderate slightly (no FY‑26 one‑off ~A$2m benefit and continued U.S. investment); and PTU’s Infinitev is on track to breakeven on a run‑rate basis by end FY‑27.Amotiv Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
63
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.02B | 997.40M | 987.17M | 916.53M | 826.77M |
| Gross Profit | 415.30M | 412.10M | 435.05M | 432.22M | 336.20M |
| EBITDA | 226.40M | 10.80M | 214.43M | 210.54M | 115.73M |
| Net Income | 75.10M | -106.30M | 98.80M | 97.92M | 27.34M |
Balance Sheet | |||||
| Total Assets | 1.62B | 1.66B | 1.79B | 1.79B | 1.88B |
| Cash, Cash Equivalents and Short-Term Investments | 48.80M | 53.40M | 57.08M | 53.35M | 59.43M |
| Total Debt | 541.10M | 570.40M | 506.16M | 575.09M | 661.65M |
| Total Liabilities | 899.10M | 938.70M | 857.26M | 903.47M | 1.04B |
| Stockholders Equity | 716.80M | 724.30M | 933.67M | 889.46M | 847.37M |
Cash Flow | |||||
| Free Cash Flow | 109.40M | 102.00M | 130.26M | 169.91M | 65.54M |
| Operating Cash Flow | 127.60M | 122.20M | 150.30M | 182.32M | 79.23M |
| Investing Cash Flow | -29.00M | -50.20M | -511.00K | -33.96M | -801.37M |
| Financing Cash Flow | -100.90M | -77.10M | -143.31M | -155.39M | 725.37M |
Amotiv Technical Analysis
Negative
6.36
Price Trends
6.47
Negative
6.31
Negative
6.97
Negative
Market Momentum
-0.07
Positive
43.09
Neutral
14.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AOV, the sentiment is Negative. The current price of 6.36 is below the 20-day moving average (MA) of 6.45, below the 50-day MA of 6.47, and below the 200-day MA of 6.97, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 43.09 is Neutral, neither overbought nor oversold. The STOCH value of 14.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AOV.
Amotiv Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.58B | 17.03 | 12.52% | 6.19% | -3.83% | -5.92% | |
71 Outperform | AU$49.75M | 23.15 | 16.84% | ― | 22.73% | 15.22% | |
69 Neutral | AU$840.58M | 11.21 | 10.46% | 6.85% | 2.66% | ― | |
64 Neutral | AU$1.14B | 64.15 | 16.37% | 0.44% | 31.23% | 83.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | AU$265.11M | 39.86 | 2.93% | 0.85% | 2.46% | ― | |
43 Neutral | AU$29.35M | -2.33 | -18.29% | 5.36% | -17.25% | 74.53% |
* Consumer Cyclical Sector Average
AU:AOV
Amotiv
6.28
-2.58
-29.15%
AU:ARB
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18.90
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-50.60%
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PWR Holdings
11.31
2.83
33.33%
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National Tyre & Wheel Ltd.
0.18
-0.17
-48.53%
AU:ABV
Advanced Braking Technology Limited
0.13
-0.02
-10.71%
AU:AMA
Ama Group Limited
0.55
-0.43
-43.82%
Amotiv Corporate Events
Amotiv Issues 1.6 Million Unquoted Performance Rights Under Incentive Scheme
Aug 19, 2026
Amotiv Limited has notified the market of the issue of 1,621,368 unquoted performance rights under its employee incentive scheme, with an issue date of 14 August 2026. These securities are subject to transfer restrictions and will not be quoted on...
Amotiv Reports Lapse of 820,799 Performance Rights on ASX
Aug 19, 2026
Amotiv Limited has notified the market of a change in its capital structure following the cessation of a tranche of performance rights on the ASX. The company disclosed that 820,799 AOVAA performance rights have lapsed, reflecting equity incentive...
State Street Ceases Substantial Holding in Amotiv Limited
Aug 14, 2026
State Street Corporation, through several of its asset management and trust subsidiaries, has filed notice that it has ceased to be a substantial holder in Amotiv Limited as of 12 August 2026. The change was lodged under section 671B of the Corpor...
Amotiv Director Fazzino Increases Indirect Shareholding via On-Market Purchase
Aug 12, 2026
Amotiv Limited has reported a change in the shareholding of director James Ernest Fazzino, reflecting an increase in his indirect interest in the company. The disclosure, made in line with ASX listing rules, details a transaction conducted through...
Amotiv CEO Graeme Whickman to Step Down as Board Launches Succession Process
Aug 10, 2026
Amotiv Limited has announced that Managing Director and CEO Graeme Whickman will step down in December after eight years in the role, as part of an orderly succession process overseen by the board. Chair James Fazzino praised Whickman for building...
Amotiv Releases Board-Approved Sustainability Review for 2026
Aug 10, 2026
Amotiv Limited has released its Sustainability Review 2026 to the market, following approval by its board of directors and in line with ASX disclosure requirements. The publication underscores the company’s ongoing emphasis on sustainability...
Amotiv Delivers FY26 Profit Recovery and Sets Modest Growth Outlook
Aug 10, 2026
Amotiv Limited reported FY26 revenue of $1.02 billion, up 2.7 percent, with growth driven mainly by volume gains in powertrain filtration, 4WD wins and offshore expansion, complemented by pricing. Underlying EBITA rose to $195.1 million, in line w...
Amotiv Declares Full-Year Dividend of AUD 0.23 Per Share
Aug 10, 2026
Amotiv Limited has declared a full-year dividend on its ordinary fully paid shares, reinforcing its commitment to returning capital to investors in line with its June 30 financial year-end. The payout is scheduled with an ex-dividend date of Augus...
Amotiv Releases 2026 Annual Report and Results Briefing
Aug 10, 2026
Amotiv Limited has released its Annual Report 2026 and Appendix 4E for the year ended 30 June 2026, providing the market with a full suite of statutory and governance disclosures including directors’ and remuneration reports, operating and f...
Mitsubishi UFJ Exits Substantial Holder Status in Amotiv
Aug 7, 2026
Mitsubishi UFJ Financial Group, Inc. has lodged a notice of ceasing to be a substantial holder in Amotiv Limited, indicating a change in its relevant interest in the company’s voting securities. The filing details a series of small transacti...
First Sentier Group Exits Substantial Holding in Amotiv
Aug 6, 2026
First Sentier Group Limited and a wide network of its related entities, including various First Sentier Investors companies and Mitsubishi UFJ Financial Group affiliates, have filed a notice that they have ceased to be substantial holders in Amoti...
Amotiv sets timetable for 2026 AGM and board nominations
Aug 5, 2026
Amotiv Limited has announced that its 2026 Annual General Meeting will take place on 27 October 2026 at the Melbourne Convention and Exhibition Centre, starting at 10:00 a.m. AEDT. The company has set 24 August 2026 as the deadline for director no...
Amotiv Issues Unquoted Executive Share Rights Under Incentive Scheme
Aug 4, 2026
Amotiv Limited has notified the market of the issue of 13 unquoted executive share rights, recorded under the ASX security code AOVAE, effective August 4, 2026, as part of its ongoing equity management. The securities are being issued under an emp...
Amotiv Adjusts Capital Structure With Cessation of Executive Share Rights
Jul 30, 2026
Amotiv Limited has notified the cessation of 4,278 executive share rights on the ASX, effective July 30, 2026. The move adjusts the company’s issued capital and reflects changes in its executive incentive arrangements, potentially narrowing ...
Amotiv Issues New Executive Share Rights Under Incentive Scheme
Jul 30, 2026
Amotiv Limited has notified the market of the issuance of 8,104 executive share rights, a class of unquoted equity securities that form part of its employee incentive scheme. These securities are subject to transfer restrictions and will not be qu...
State Street Group Ceases to Be Substantial Holder in Amotiv Limited
Jul 29, 2026
Amotiv Limited is an Australian-listed company with a shareholder base that includes large global institutional investors. State Street Corporation and several of its asset management and trust subsidiaries, operating from hubs in London, Boston, ...
Amotiv Updates Investors on Cessation of Performance Rights
Jul 23, 2026
Amotiv Limited, trading on the ASX under the code AOV, is a listed Australian company whose capital structure includes performance rights and other equity-linked securities. These instruments form part of its broader approach to incentivising exec...
Amotiv Adjusts Capital Structure With Cessation of Performance Rights
Jul 23, 2026
Amotiv Limited has notified the market of the cessation of 7,633 performance rights, recorded under the ASX security code AOVAA, effective July 23, 2026. The adjustment to its issued capital structure reflects changes in equity-based incentives, w...
Major institutional investor exits substantial holding in Amotiv
Jul 15, 2026
First Sentier Group Limited and its related entities, including multiple First Sentier Investors subsidiaries and Mitsubishi UFJ Financial Group affiliates, have filed a notice that they have ceased to be substantial holders in Amotiv Ltd as of 13...
Amotiv Sets Date for FY26 Results and Analyst Webcast
Jul 8, 2026
Amotiv Limited has scheduled the release of its FY26 full year financial results for Tuesday, 11 August 2026, signalling the next key update for investors and analysts on the company’s performance. The announcement underscores Amotiv’s...
Amotiv Cuts 43,155 Performance Rights in Capital Structure Adjustment
Jul 7, 2026
Amotiv Limited has notified the market of the cessation of 43,155 performance rights, recorded under the ASX security code AOVAA, effective July 3, 2026. The rights ceased for reasons classified as “Other,” indicating a non-standard te...
Amotiv Non-Executive Director David Robinson to Retire After 15 Years
Jun 25, 2026
Amotiv Limited announced that long-serving non-executive director David Robinson will retire from its board on 30 September 2026, after almost 15 years of service and seven years as chair of the Remuneration, People and Culture Committee. The boar...
Amotiv reports cessation of 38,427 performance rights
Jun 25, 2026
Amotiv Limited has notified the Australian Securities Exchange of the cessation of 38,427 performance rights, recorded under the ASX security code AOVAA. The company reported that these securities ceased on June 19, 2026, and lodged the update on ...
Amotiv Updates Market on Cessation of Performance Rights
Jun 18, 2026
Amotiv Limited has announced that 52,613 performance rights, quoted under the ASX code AOVAA, have ceased, effective 16 June 2026. The notification updates the market on changes to the company’s issued capital, reflecting an adjustment to it...
Amotiv trims capital base with cessation of 78,392 performance rights
Jun 18, 2026
Amotiv Limited has notified the market of the cessation of 78,392 performance rights, recorded under the ASX security code AOVAA, effective 16 June 2026. The company lodged this change in issued capital via an Appendix 3H filing on 18 June 2026, s...
Dimensional Entities exits substantial shareholder position in Amotiv Ltd
Jun 1, 2026
Dimensional Entities has notified Amotiv Ltd that it has ceased to be a substantial shareholder in the company as of 29 May 2026, ending a substantial holding position first disclosed in February 2025. The change, lodged under Australia’s su...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.