Amotiv Limited (AU:AOV)
ASX:AOV
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Amotiv
(Sydney:AOV)
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Rating:54Neutral
Price Target:
AU$6.50
▼(-26.55% Downside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by mixed financial performance (profitability and revenue pressure offset by strong cash generation) and weak technicals (broad downtrend and bearish momentum). These are partly offset by attractive valuation (low P/E and high dividend yield) and a cautiously constructive earnings outlook with reiterated guidance and strong cash conversion, despite segment margin headwinds and restructuring/inventory risks.
Positive Factors
Strong cash generation
Near‑92% operating cash conversion and material shareholder returns demonstrate persistent cash generation. This durable cash flow ability supports deleveraging, continued dividends and buybacks, funds transformation spend and provides a buffer against cyclical revenue weakness over the next 2–6 months.
Negative Factors
Declining revenue and net loss
Recent deterioration to negative net profit and falling revenue signals underlying demand and margin pressures. Persistent declines constrain retained earnings and limit reinvestment capacity, making earnings recovery and ROE improvement a medium‑term challenge without sustained margin or revenue lifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Near‑92% operating cash conversion and material shareholder returns demonstrate persistent cash generation. This durable cash flow ability supports deleveraging, continued dividends and buybacks, funds transformation spend and provides a buffer against cyclical revenue weakness over the next 2–6 months.
Read all positive factors
Amotiv (AOV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$886.09M
Dividend Yield4.58%
Average Volume (3M)261.11K
Price to Earnings (P/E)6.6
Beta (1Y)1.49
Revenue Growth1.04%
EPS Growth-208.03%
CountryAU
Employees1,945
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.38
Shares Outstanding133,849,960
10 Day Avg. Volume333,715
30 Day Avg. Volume261,106
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.54
Price to Sales (P/S)1.12
P/FCF Ratio10.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$11.15Price Target Upside25.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.81
Revenue Forecast (FY)AU$1.04B
Amotiv Business Overview & Revenue Model
Company Description
Amotiv (AOV) is a technology-driven company specializing in the development of innovative solutions for the automotive and mobility sectors. Focused on enhancing transportation efficiency and sustainability, Amotiv leverages cutting-edge software ...
How the Company Makes Money
Amotiv makes money primarily by selling automotive aftermarket products and vehicle accessories through its owned brands and distribution channels. Revenue is generated from wholesale and trade sales of parts and consumables (e.g., maintenance-rel...
Amotiv Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call presented a cautious but constructive picture: core financials are stable with organic revenue growth (+3.3%), strong cash conversion (~92%), disciplined capital returns (~$48m) and material transformation benefits from the Amotiv Unified program. Powertrain and LP&E showed margin and revenue strength, offshore diversification and FX hedging improved resilience, and guidance for FY‑26 was reiterated (underlying EBITA ~ $195m). Key negatives include pronounced margin and EBITA weakness in the 4‑wheel drive division (EBITA down >15%, margins -290bps), soft ANZ reseller demand for some LP&E categories, near‑term volume softness in January pickups, inventory build and ongoing restructuring costs. On balance the positives (profitability resilience, cash generation, strategic cost benefits and offshore momentum) outweigh the negatives, which management expects to mitigate through pricing, Unified savings and offshore growth.Positive Updates
Group Revenue Growth (Organic)
Group revenue grew 3.3% year‑on‑year, fully organic, driven by new business wins and higher offshore contributions (offshore revenue +14% outside ANZ).
Negative Updates
4‑Wheel Drive Profit and Margin Pressure
4‑wheel drive underlying EBITA declined just over 15% (or down ~12% excluding a ~$1m double‑debt provision); reported EBITA margin contraction ~290 basis points driven by domestic inflation, delayed price realization and the ramping South Africa plant with below‑mature margins.
Read all updates
Q2-2026 Updates
Positive
Negative
Group Revenue Growth (Organic)
Group revenue grew 3.3% year‑on‑year, fully organic, driven by new business wins and higher offshore contributions (offshore revenue +14% outside ANZ).
Read all positive updates
Company Guidance
Management reiterated unchanged FY26 guidance: group revenue is expected to grow and underlying EBITA is guided to circa $195m. H1 underlying EBITA was $98.3m (up ~1.3% vs PCP) on organic revenue growth of 3.3%, with H1 cash conversion just under 92% and full‑year cash conversion expected to be in line with or ahead of the 75%+ target. Amotiv Unified gross benefits of $15m (net $10m) are already in guidance and an incremental $10m gross annualised benefit (net $1m EBITA in FY26) was announced to be realized on exit of FY26. Balance sheet and other forward metrics: gearing 1.95x (target 1.5–2.25x) with deleveraging expected in H2; CapEx down 22% in H1 and FY26 CapEx expected up to ~10% lower than FY25; R&D at 3.8% of revenue; effective tax rate ~29%; interim dividend $0.20/share (~52% payout, >8% growth); H2 assumptions include improved 4‑wheel drive margins, LP&E H2 EBITA marginally softer than H1 but above PCP, Powertrain resilience maintained, and the EV business loss of between $1–2m expected to reach breakeven on a run‑rate exiting FY27.Amotiv Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01B | 997.40M | 987.17M | 916.53M | 826.77M | 556.98M |
| Gross Profit | 424.00M | 412.10M | 435.05M | 432.22M | 336.20M | 246.51M |
| EBITDA | 43.80M | 10.80M | 214.43M | 210.54M | 115.73M | 112.64M |
| Net Income | -93.30M | -106.30M | 98.80M | 97.92M | 27.34M | 60.97M |
Balance Sheet | ||||||
| Total Assets | 1.59B | 1.66B | 1.79B | 1.79B | 1.88B | 818.90M |
| Cash, Cash Equivalents and Short-Term Investments | 38.20M | 53.40M | 57.08M | 53.35M | 59.43M | 42.59M |
| Total Debt | 666.50M | 570.40M | 506.16M | 575.09M | 661.65M | 277.75M |
| Total Liabilities | 867.70M | 938.70M | 857.26M | 903.47M | 1.04B | 430.12M |
| Stockholders Equity | 718.90M | 724.30M | 933.67M | 889.46M | 847.37M | 388.78M |
Cash Flow | ||||||
| Free Cash Flow | 123.60M | 102.00M | 130.26M | 169.91M | 65.54M | 62.77M |
| Operating Cash Flow | 138.40M | 122.20M | 150.30M | 182.32M | 79.23M | 68.73M |
| Investing Cash Flow | -47.20M | -50.20M | -511.00K | -33.96M | -801.37M | -105.88M |
| Financing Cash Flow | -105.70M | -77.10M | -143.31M | -155.39M | 725.37M | 49.84M |
Amotiv Technical Analysis
Negative
8.85
Price Trends
7.64
Negative
8.14
Negative
8.32
Negative
Market Momentum
-0.41
Positive
32.30
Neutral
38.20
Neutral
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 8.85 is above the 20-day moving average (MA) of 6.80, above the 50-day MA of 7.64, and above the 200-day MA of 8.32, indicating a bearish trend. The MACD of -0.41 indicates Positive momentum. The RSI at 32.30 is Neutral, neither overbought nor oversold. The STOCH value of 38.20 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.42B | 15.48 | 29.62% | 2.15% | 15.28% | 18.23% | |
64 Neutral | AU$1.77B | 15.53 | 13.51% | 2.10% | 5.31% | -5.74% | |
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% | |
54 Neutral | AU$886.09M | 6.60 | -12.93% | 4.58% | 1.04% | -208.03% | |
51 Neutral | AU$888.07M | 34.87 | 10.97% | 0.53% | -6.67% | -60.67% | |
51 Neutral | AU$7.36M | -2.30 | 2.26% | ― | -5.17% | -19.44% |
* Consumer Cyclical Sector Average
AU:AOV
Amotiv
6.62
-2.12
-24.25%
AU:ARB
ARB Corporation
21.26
-10.76
-33.60%
AU:PWH
PWR Holdings
8.83
2.11
31.34%
AU:SNL
Supply Network Limited
32.46
-3.23
-9.06%
AU:AMA
Ama Group Limited
0.54
-0.06
-10.68%
AU:RPM
RPM Automotive Group Ltd.
0.03
-0.02
-42.55%
Amotiv Corporate Events
Amotiv Rectifies Late Director Interest Notice After Performance Rights Lapse
Mar 23, 2026
Amotiv Limited has notified the market that it has lodged an Appendix 3Y reflecting a reduction in the Managing Director’s performance rights, which had previously lapsed on 31 August 2025. The company explained that the updated notice was s...
Amotiv discloses lapse of performance rights held by director
Mar 23, 2026
Amotiv Limited has reported a change in director Graeme Whickman’s relevant interests in its securities, detailing adjustments across his direct and indirect holdings. The filing outlines his positions in fully paid ordinary shares and perfo...
Amotiv updates NZD terms on December 2025 dividend
Mar 10, 2026
Amotiv Limited has updated its previously announced dividend details for holders of its ordinary fully paid shares, covering the six-month period ending 31 December 2025. The revision reflects a change in the New Zealand dollar currency equivalent...
Amotiv Reports Cessation of Executive Share Rights in Capital Update
Mar 2, 2026
Amotiv Limited has notified the market that 85 executive share rights, classified as AOVAE Executive Share Rights, have ceased as of December 15, 2025. The change, disclosed via an Appendix 3H filing, represents a minor adjustment to the company&#...
Amotiv Issues Unquoted Executive Share Rights Under Incentive Scheme
Mar 2, 2026
Amotiv Limited has notified the market of the issue of 4,278 unquoted executive share rights under its employee incentive scheme, with an issue date of December 15, 2025. These securities are subject to transfer restrictions and will not be quoted...
Amotiv cancels 51,736 performance rights in capital structure update
Mar 2, 2026
Amotiv Limited has notified the market of the cessation of 51,736 performance rights, designated as AOVAA securities, effective 16 February 2026. The capital management move slightly reduces the company’s pool of outstanding performance-base...
Amotiv Director Jennifer Douglas Increases Indirect Shareholding
Feb 27, 2026
Amotiv Limited has reported a change in the indirect shareholding of director Jennifer Anne Douglas, held through Crisp Hill Investments Pty Ltd as trustee for a family trust. The disclosure is made under ASX listing rules governing directors̵...
Amotiv Director Graeme Whickman Increases On-Market Shareholding
Feb 11, 2026
Amotiv Limited has disclosed a change in the interests of director Graeme Whickman, detailing an on-market purchase of additional fully paid ordinary shares. The notice outlines his direct and indirect holdings across various nominee and superannu...
Amotiv Releases FY26 Half-Year Investor Presentation to ASX
Feb 9, 2026
Amotiv Limited has released its FY26 half-year results investor presentation to the Australian Securities Exchange, providing the market with an updated view of its financial and operational performance for the first half of the fiscal year. The p...
Amotiv lifts profit and dividend as cost program offsets 4WD margin squeeze
Feb 9, 2026
Amotiv Limited reported modest top-line and earnings growth for the half year to 31 December 2025, as new business wins, product investment and geographic diversification lifted revenue 3.3% to $520.5 million despite softness in its 4WD and Lighti...
Amotiv declares AUD 0.20 interim dividend for six‑month period
Feb 9, 2026
Amotiv Limited, traded on the ASX as AOV with ordinary fully paid shares, has issued an update focused on shareholder returns through a scheduled distribution. The release outlines administrative and timetable details for the payout but does not p...
Amotiv Releases Half-Year Financial Report and Schedules Investor Webcast
Feb 9, 2026
Amotiv Limited has released its Appendix 4D, Half Year Directors’ Report, Half Year Financial Report, and Independent Auditor’s review for the six months ended 31 December 2025. The company will also host a webcast briefing on the half...
Magellan Financial Group Exits Substantial Holding in Amotiv Limited
Feb 2, 2026
Magellan Financial Group has notified Amotiv Limited that it has ceased to be a substantial shareholder in the company as of 29 January 2026, ending its previously disclosed major holding in the stock. The change, formally lodged under Australia&#...
Amotiv Sets Timetable for 2026 Half-Year Results and Proposed Interim Dividend
Jan 14, 2026
Amotiv Limited has announced the timetable for releasing its 2026 half-year results, with the results to be published on Tuesday, 10 February 2026, followed by a management webcast the same morning led by Managing Director and CEO Graeme Whickman ...
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.