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National Tyre & Wheel Ltd.
(Sydney:NTD)
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Rating:45Neutral
Price Target:
AU$0.18
▼(-7.37% Downside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by weak financial performance, driven by declining revenue and losses in 2025–2026 alongside still-elevated leverage. Partially offsetting this, cash flow remains positive and the share price is trading above key shorter-term moving averages, but valuation is not clearly supportive due to negative earnings and no dividend data provided.
Positive Factors
Positive Cash Generation
Positive operating and free cash flow provides an internal source of liquidity despite reported accounting losses. This supports ongoing operations, gives the company capacity to reduce debt, and offers some financial resilience if cash conversion remains positive over coming quarters.
Negative Factors
Revenue and Profit Decline
The combination of falling revenue and consecutive annual losses signals weakened demand or operating economics rather than a temporary earnings fluctuation. Sustained top-line contraction can reduce scale benefits, restrict reinvestment, and make a return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Cash Generation
Positive operating and free cash flow provides an internal source of liquidity despite reported accounting losses. This supports ongoing operations, gives the company capacity to reduce debt, and offers some financial resilience if cash conversion remains positive over coming quarters.
Read all positive factors
National Tyre & Wheel Ltd. (NTD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$35.22M
Dividend Yield5.36%
Average Volume (3M)44.38K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-17.25%
EPS Growth74.53%
CountryAU
Employees500
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.08
Shares Outstanding167,707,610
10 Day Avg. Volume96,139
30 Day Avg. Volume44,383
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.51
Price to Sales (P/S)0.08
P/FCF Ratio3.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)AU$616.50M
National Tyre & Wheel Ltd. Business Overview & Revenue Model
Company Description
National Tyre & Wheel Limited, operating through its subsidiaries, focuses on the marketing and distribution of a wide array of motor vehicle components, including tires, wheels, inner tubes, and related accessories. Its operations are established...
How the Company Makes Money
null...
National Tyre & Wheel Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
45
Neutral
Cash Flow
57
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 445.30M | 538.15M | 533.43M | 582.28M | 555.55M |
| Gross Profit | 35.51M | 152.26M | 168.44M | 55.37M | 59.81M |
| EBITDA | 21.29M | -15.12M | 36.32M | 36.32M | 40.56M |
| Net Income | -12.59M | -43.76M | 1.56M | 3.33M | 9.40M |
Balance Sheet | |||||
| Total Assets | 293.05M | 354.10M | 413.10M | 376.05M | 385.67M |
| Cash, Cash Equivalents and Short-Term Investments | 20.87M | 46.99M | 39.11M | 33.04M | 35.83M |
| Total Debt | 146.69M | 177.42M | 177.55M | 160.15M | 163.39M |
| Total Liabilities | 225.15M | 267.74M | 295.80M | 260.71M | 273.21M |
| Stockholders Equity | 66.37M | 83.81M | 114.54M | 112.27M | 108.96M |
Cash Flow | |||||
| Free Cash Flow | 9.38M | 23.34M | 30.57M | 20.06M | 6.71M |
| Operating Cash Flow | 11.95M | 27.13M | 35.22M | 24.17M | 11.84M |
| Investing Cash Flow | -1.87M | -2.36M | -6.12M | -6.25M | -52.56M |
| Financing Cash Flow | -37.94M | -17.21M | -23.50M | -18.04M | 44.86M |
National Tyre & Wheel Ltd. Technical Analysis
Positive
0.19
Price Trends
0.20
Positive
0.20
Positive
0.21
Positive
Market Momentum
<0.01
Negative
62.61
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NTD, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.20, and below the 200-day MA of 0.21, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NTD.
National Tyre & Wheel Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.52B | 16.32 | 12.52% | 6.46% | -3.83% | -5.92% | |
72 Outperform | AU$1.51B | 31.64 | 30.40% | 2.32% | 15.55% | 17.30% | |
71 Outperform | AU$51.74M | 24.07 | 16.84% | ― | 22.73% | 15.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | AU$231.37M | 34.78 | 2.93% | 1.04% | 2.46% | ― | |
46 Neutral | AU$3.27M | -0.27 | -23.57% | ― | -10.18% | -354.02% | |
45 Neutral | AU$35.22M | -2.80 | -18.29% | 5.36% | -17.25% | 74.53% |
* Consumer Cyclical Sector Average
AU:NTD
National Tyre & Wheel Ltd.
0.21
-0.14
-40.00%
AU:ARB
ARB Corporation
18.12
-19.90
-52.34%
AU:SNL
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34.49
0.54
1.60%
AU:ABV
Advanced Braking Technology Limited
0.13
0.01
8.33%
AU:AMA
Ama Group Limited
0.48
-0.44
-47.88%
AU:RPM
RPM Automotive Group Ltd.
0.01
-0.05
-80.33%
National Tyre & Wheel Ltd. Corporate Events
NTAW Completes $3.3m Sale of Black Rubber WA Retail Operations
Aug 31, 2026
NTAW Holdings Limited has completed the sale of assets required to run the Black Rubber retail tyre business in Perth and Port Hedland, Western Australia, to Get A Grip Tyres for consideration of $3.3 million including GST and employee leave adjus...
NTAW Holdings Outlines Governance and Diversity Framework for 2026
Aug 27, 2026
NTAW Holdings Limited has detailed its corporate governance practices for the year to 30 June 2026, confirming alignment with the ASX Corporate Governance Council’s fourth‑edition principles and recommendations. The board has formal ch...
NTAW Holdings Resets Business and Targets Controlled Growth in FY2027
Aug 27, 2026
NTAW Holdings’ Managing Director and CEO Warwick Hay described FY2026 as a year of reset and delivery, highlighting improvements in gross margins, a refined cost base, enhanced balance-sheet flexibility, and the resolution of several structu...
NTAW Revenue Falls but EBITDA Recovers as Loss Narrows
Aug 27, 2026
NTAW Holdings reported a sharp fall in revenue for the year to 30 June 2026, with sales dropping 15.7% to $445.3 million as market conditions weighed on ordinary activities. Despite the top‑line contraction, the group’s EBITDA from con...
NTAW Flags Late Director Interest Notice, Calls Issue Isolated
Aug 4, 2026
NTAW Holdings Limited has disclosed a late lodgement of an Appendix 3Y, detailing a change in director Terry Smith’s relevant interest following an off-market transfer of shares to a family member on 16 June 2026. The company says the delay ...
National Tyre & Wheel Exits WA Black Rubber Operations and South African Tyrelife Stake
Jul 27, 2026
National Tyre Wheel is divesting the Western Australian retail and retreading operations of its Black Rubber subsidiaries, selling key assets in Perth and Port Hedland to Get A Grip Tyres. The deal covers inventory, equipment, vehicles, leases an...
NTAW Secures Extended Covenant Waivers and Confirms CBA Support
Jun 30, 2026
NTAW Holdings Limited has secured an extension of waivers from Commonwealth Bank of Australia on certain financial covenant defaults under its borrowing facility through 31 December 2026, alongside the introduction of new covenants for the financi...
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.