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$0.55
▲(2.04% Upside)
Action:ReiteratedDate: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
Improving cash generation
Ama's free cash flow growth (17.39%) and strong operating cash flow versus net income (10.14) indicate improving cash conversion. Durable cash generation supports reinvestment in sites, funds network expansion, services working capital and increases ability to withstand cyclical dips or reduce leverage over the medium term.
Negative Factors
Elevated leverage
A debt-to-equity ratio of 1.72 and relatively low equity ratio constrain financial flexibility. Elevated leverage increases interest and covenant sensitivity, limits capacity for opportunistic M&A or aggressive expansion, and makes the company more vulnerable to macro shocks until earnings and equity rebuild.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Ama's free cash flow growth (17.39%) and strong operating cash flow versus net income (10.14) indicate improving cash conversion. Durable cash generation supports reinvestment in sites, funds network expansion, services working capital and increases ability to withstand cyclical dips or reduce leverage over the medium term.
Read all positive factors
Ama Group Limited (AMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$257.59M
Dividend YieldN/A
Average Volume (3M)4.92M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth13.54%
EPS Growth66.33%
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$1.16Price Target Upside114.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.01
Revenue Forecast (FY)AU$1.08B
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 primarily makes money by providing paid vehicle accident repair services through its network of repair facilities, with revenue generated per repair job (typically funded by insurers and/or customers depending on the claim). A further source o...
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
0.54
Price Trends
0.69
Negative
0.76
Negative
0.85
Negative
Market Momentum
-0.04
Positive
34.43
Neutral
18.52
Positive
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 0.54 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.69, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 34.43 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, 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$252.38M | 13.78 | 6.95% | 4.50% | 1.54% | -10.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | AU$257.59M | -101.48 | -4.58% | ― | 13.54% | 66.33% | |
57 Neutral | AU$49.73M | 19.91 | 17.94% | ― | 25.15% | 2.22% | |
51 Neutral | AU$7.36M | -2.30 | 2.26% | ― | -5.17% | -19.44% | |
42 Neutral | AU$47.04M | -8.74 | 126.86% | ― | -27.79% | 32.50% | |
42 Neutral | AU$29.35M | -1.00 | -13.84% | ― | 0.89% | -2641.38% |
* Consumer Cyclical Sector Average
AU:AMA
Ama Group Limited
0.54
-0.06
-10.68%
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0.07
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National Tyre & Wheel Ltd.
0.18
-0.05
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Schaffer Corporation Limited
18.57
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-7.62%
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Advanced Braking Technology Limited
0.13
0.05
56.25%
AU:RPM
RPM Automotive Group Ltd.
0.03
-0.02
-42.55%
Ama Group Limited Corporate Events
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...
Ama Group Narrows Half-Year Loss as Revenue and EBITDA Improve
Feb 23, 2026
Ama Group Limited reported a 6.0% increase in revenue and other income from continuing operations to $524.1 million for the half year ended 31 December 2025, while its loss after income tax narrowed significantly to $0.9 million from $4.3 million ...
Ama Group Seeks ASX Quotation for 2.8 Million New Shares
Feb 8, 2026
Ama Group Limited has applied for quotation on the ASX of 2,805,609 new ordinary fully paid shares, with an issue date of 6 February 2026. These securities, issued under a previously announced transaction, will be added to the company’s quot...
AMA Group Plans Placement of Up to 2.8 Million New Shares
Feb 6, 2026
AMA Group Limited has announced a proposed placement of up to 2,805,609 new fully paid ordinary shares on the ASX, with the issue date set for 6 February 2026. The additional equity issuance is intended to expand the company’s capital base, ...
Ama Group Sets Date for H1 FY26 Results and Investor Webinar
Feb 4, 2026
Ama Group Limited has scheduled the release of its half-year fiscal 2026 results for Tuesday, 24 February 2026, and will present the numbers via a live webinar for investors and other stakeholders the same day at 11:00am AEDT. The event signals th...
AMA Group Appoints Tony Clark to Board, Discloses Indirect Shareholding
Jan 18, 2026
AMA Group Limited has appointed Anthony (Tony) Clark as a director effective 19 January 2026. According to the initial director’s interest notice lodged with the ASX, Clark holds no shares directly in AMA Group but has an indirect interest t...
AMA Group Adds Insurance Veteran Tony Clark to Board as Independent Director
Jan 18, 2026
AMA Group Limited has appointed Anthony (Tony) Clark as an independent non-executive director, effective 19 January 2026, strengthening its board with deep insurance and transport-sector expertise. Clark, currently Managing Director and former lon...
Ama Group Cancels 761,980 Unvested Performance Rights
Jan 6, 2026
Ama Group Limited has announced the lapse of 761,980 performance rights, which have ceased because the conditions attached to those rights were not met or can no longer be satisfied as of 7 January 2026. The change reduces the company’s pool...
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.