Ama Group Limited (AU:AMA)
ASX:AMA
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Ama Group Limited
(Sydney:AMA)
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Rating:58Neutral
Price Target:
AU$0.52
▲(3.00% Upside)
Action:Reiterated
Date:03/24/26
The score is anchored by improving financial performance and a constructive earnings-call outlook with maintained guidance and better EBITDA/cash flow trends. This is tempered by continued GAAP-style profitability headwinds and leverage, while technicals remain weak with the stock in a downtrend and oversold momentum. Valuation provides limited support due to the negative P/E and no dividend yield data.
Positive Factors
Revenue & Gross Margin Recovery
Consistent revenue growth alongside a materially higher gross margin points to improved pricing, mix or cost control that is likely durable. This supports stronger underlying cash generation and gives scope to scale the repair network while pursuing the company’s medium‑term margin targets.
Negative Factors
Elevated Leverage
A debt‑to‑equity ratio near 1.72 represents significant leverage for a services business, constraining financial flexibility. Higher leverage raises sensitivity to interest costs, limits capacity for opportunistic investments and increases covenant and refinancing risk if cash generation weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Gross Margin Recovery
Consistent revenue growth alongside a materially higher gross margin points to improved pricing, mix or cost control that is likely durable. This supports stronger underlying cash generation and gives scope to scale the repair network while pursuing the company’s medium‑term margin targets.
Read all positive factors
Ama Group Limited (AMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$250.37M
Dividend YieldN/A
Average Volume (3M)4.92M
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth18.26%
EPS Growth-600.00%
CountryAU
Employees3,469
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.01
Shares Outstanding481,483,670
10 Day Avg. Volume2,949,046
30 Day Avg. Volume4,915,948
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)2.14
Price to Sales (P/S)0.47
P/FCF Ratio10.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.03Price Target Upside106.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$1.06B
Ama Group Limited Business Overview & Revenue Model
Company Description
AMA Group Limited operates and develops complementary businesses in the automotive aftercare market in Australia and New Zealand. It operates through three segments: Vehicle Collision Repairs, Heavy Motors, and Supply. The company offers rapid rep...
How the Company Makes Money
AMA makes money primarily by delivering collision repair and related automotive services and by supplying parts and aftercare products used in the repair process. Key revenue streams include: (1) Collision repair services: Income earned from repai...
Ama Group Limited Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 24, 2026
Earnings Call Sentiment Positive
The call presented a constructive operational and financial trajectory: revenue and EBITDA grew materially, margins expanded, operating cash flow improved, and several underperforming segments (AMA Collision, ACM Parts) have shown clear recoveries. Management maintained FY'26 guidance and outlined a credible medium-term 10% EBITDA margin target while continuing to invest in network capacity and capability. Headwinds were present but contained: Capital SMART saw a modest EBITDA decline, Wales experienced softer heavy-repair volumes, weekly repairs averaged below the 5,000 target, corporate non-cash costs increased, and lease costs/taxes rose. Overall, the positive momentum across core businesses and clear execution plans outweigh the manageable near-term challenges.Positive Updates
Group Revenue Growth
Group revenue of $524.1 million, up $29.6 million or 6.0% on 1H FY'25; core vehicle collision repair revenue increased 6.6% to $503.5 million.
Negative Updates
Capital SMART EBITDA Decline
Capital SMART normalized 1H EBITDA of $24.0 million was down $1.8 million versus 1H FY'25; margin pressure partly due to incentives in prior periods not repeating and some start-up costs for new sites.
Read all updates
Q2-2026 Updates
Positive
Negative
Group Revenue Growth
Group revenue of $524.1 million, up $29.6 million or 6.0% on 1H FY'25; core vehicle collision repair revenue increased 6.6% to $503.5 million.
Read all positive updates
Company Guidance
Management maintained FY26 guidance of normalized pre‑AASB16 EBITDA of $70–$75 million, reiterated a medium‑term goal to lift pre‑AASB16 EBITDA margin in the core collision repair businesses to 10% within 3–4 years, and set an operational target of averaging 5,000 repairs per week (H1 average: 4,772/week). For H1 FY26 they reported revenue of $524.1m (up $29.6m, +6%), normalized pre‑AASB16 EBITDA of $30.5m (up $5.5m, +21.9%) with an EBITDA margin of 5.8% (core collision margin 5.9%), operating cash flow after lease payments of $12.2m (up 16.2%), net debt of $20.7m, and FY26 CapEx guidance of ~$40m (H1 CapEx $15.3m). Division results included Capital SMART EBITDA $24.0m, AMA Collision EBITDA $6.1m (up $8.1m YoY), Wales EBITDA $3.8m, and ACM Parts positive EBITDA $0.7m; other notable metrics: LTIFR 3.1, finance costs down $1.5m, and the group expects to remain within financial covenants for the next 12 months.Ama Group Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06B | 1.01B | 890.50M | 864.53M | 838.08M | 916.51M |
| Gross Profit | 108.26M | 573.81M | 490.03M | 33.98M | -5.51M | 55.18M |
| EBITDA | 123.99M | 89.67M | 94.89M | -49.47M | -72.73M | -2.17M |
| Net Income | -4.05M | -7.47M | -7.63M | -144.45M | -144.21M | -104.35M |
Balance Sheet | ||||||
| Total Assets | 882.64M | 884.84M | 844.38M | 962.28M | 1.09B | 1.23B |
| Cash, Cash Equivalents and Short-Term Investments | 47.34M | 57.35M | 36.90M | 28.87M | 52.19M | 64.20M |
| Total Debt | 701.83M | 380.68M | 437.31M | 531.13M | 499.59M | 561.67M |
| Total Liabilities | 649.09M | 652.96M | 726.20M | 893.30M | 874.46M | 979.03M |
| Stockholders Equity | 223.00M | 221.70M | 109.30M | 60.91M | 204.17M | 236.70M |
Cash Flow | ||||||
| Free Cash Flow | 42.54M | 45.17M | 25.91M | 7.19M | -35.57M | 39.40M |
| Operating Cash Flow | 78.66M | 75.78M | 42.54M | 17.57M | -28.23M | 52.10M |
| Investing Cash Flow | -39.73M | -34.02M | -16.46M | -9.02M | -17.95M | 33.26M |
| Financing Cash Flow | -95.96M | -24.29M | -15.06M | -31.89M | 34.25M | -134.06M |
Ama Group Limited Technical Analysis
Negative
0.50
Price Trends
0.53
Negative
0.62
Negative
0.76
Negative
Market Momentum
-0.02
Positive
42.82
Neutral
53.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AMA, the sentiment is Negative. The current price of 0.5 is below the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.53, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.82 is Neutral, neither overbought nor oversold. The STOCH value of 53.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AMA.
Ama Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$258.36M | 15.66 | 6.95% | 4.50% | -6.52% | -46.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | AU$250.37M | -59.70 | -1.82% | ― | 18.26% | -600.00% | |
57 Neutral | AU$43.78M | 22.56 | 17.94% | ― | 27.41% | 54.55% | |
52 Neutral | AU$5.18M | 4.01 | 2.26% | ― | -13.04% | -58.60% | |
43 Neutral | AU$29.35M | -2.50 | -13.84% | ― | -5.57% | 77.42% | |
42 Neutral | AU$47.75M | -9.76 | 126.86% | ― | 134.82% | 62.90% |
* Consumer Cyclical Sector Average
AU:AMA
Ama Group Limited
0.50
-0.51
-50.50%
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Ama Group Limited Corporate Events
Ama Group Launches On-Market Buy-Back to Support Capital Management
May 8, 2026
Ama Group Limited has announced it will conduct an on-market share buy-back of up to 47,826,141 ordinary shares over a period of up to 12 months, subject to market conditions and board discretion. The buy-back will be executed within the 10/12 lim...
AMA Group lifts margins, confirms FY26 guidance and launches buyback plan
Apr 21, 2026
AMA Group reported unaudited normalised pre-AASB 16 EBITDA of $17.9 million for the March quarter and $48.4 million year-to-date, slightly ahead of the prior year, on group revenue of $254.2 million for the quarter and $778.3 million year-to-date....
AMA Group Director Brian Austin Increases Indirect Shareholding
Apr 6, 2026
AMA Group Limited has disclosed a change in director Brian Austin’s interests, indicating an increase in his indirect shareholding through a related superannuation entity. Austin acquired 20,000 ordinary shares on-market at $0.49 per share, ...
Ama Group Director Brian Austin Increases Indirect Shareholding via On-Market Purchase
Apr 1, 2026
Ama Group Limited has disclosed a change in the interests of director Brian Austin, detailing an increase in his indirect holding of ordinary shares. The filing notes that Austin’s interests are held both directly through restricted rights a...
AMA Group Director Tony Clark Lifts Indirect Stake with On-Market Share Purchase
Mar 27, 2026
AMA Group director Anthony (Tony) Clark has increased his indirect shareholding in the company through an on-market trade. Clark, via director-related entity Clojack Pty Ltd, acquired 306,748 ordinary shares at $0.635 per share in the opening sing...
AMA Group Grants Restricted Rights to Non-Executive Director Brian Austin
Mar 23, 2026
AMA Group has disclosed a change in director Brian Austin’s interests, following the grant of 54,059 restricted rights in lieu of cash director fees. The equity was issued under the Non-Executive Director Equity Plan, previously approved by ...
AMA Group Issues New Unquoted Restricted Rights Under Employee Incentive Scheme
Mar 23, 2026
AMA Group Limited has notified the market of the issuance of 127,300 unquoted Restricted Rights as part of its employee incentive arrangements. The new securities, issued on March 23, 2026, form a class that is not intended to be quoted on the ASX...
AMA Group Issues 768,555 Unquoted Performance Rights Under Incentive Scheme
Mar 22, 2026
AMA Group Limited has notified the market of the issuance of 768,555 unquoted performance rights under its employee incentive scheme, effective 23 March 2026. The new performance rights, which are not intended to be quoted on the ASX, expand the c...
Ama Group Seeks ASX Quotation for New Employee Incentive Shares
Mar 2, 2026
Ama Group Limited has applied to the ASX for quotation of 104,167 new ordinary fully paid shares, to be issued on 3 March 2026. The securities are being issued under an employee incentive scheme and will be quoted, signalling a modest equity issua...
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.