FleetPartners Group (AU:FPR)
ASX:FPR
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FleetPartners Group
(Sydney:FPR)
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Rating:69Neutral
Price Target:
AU$2.50
▲(1.63% Upside)
Action:ReiteratedDate:12/11/25
FleetPartners Group's stock score is driven by strong technical indicators and a favorable valuation, despite financial risks from high leverage and negative cash flows. The absence of earnings call data and corporate events limits additional insights.
Positive Factors
High and improving operating margins
FleetPartners' elevated gross, EBIT and EBITDA margins point to durable pricing power and operational efficiency across leasing and services. Strong margins provide a structural cushion to absorb cyclical fleet utilisation shifts, support reinvestment and sustain fee-based profitability over multi-year contracts.
Negative Factors
High leverage
A debt-to-equity ratio near 2.9 reflects material leverage in a capital-intensive leasing model. Elevated indebtedness heightens interest expense sensitivity, reduces financial flexibility for vehicle acquisition, increases refinancing and covenant risk, and can amplify downturn impacts on solvency and strategy execution.
Read all positive and negative factors
Positive Factors
Negative Factors
High and improving operating margins
FleetPartners' elevated gross, EBIT and EBITDA margins point to durable pricing power and operational efficiency across leasing and services. Strong margins provide a structural cushion to absorb cyclical fleet utilisation shifts, support reinvestment and sustain fee-based profitability over multi-year contracts.
Read all positive factors
FleetPartners Group (FPR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$485.08M
Dividend Yield4.64%
Average Volume (3M)1.30M
Price to Earnings (P/E)8.6
Beta (1Y)0.79
Revenue Growth3.23%
EPS Growth3.61%
CountryAU
Employees242
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.18
Shares Outstanding215,607,320
10 Day Avg. Volume256,528
30 Day Avg. Volume1,297,910
Financial Highlights & Ratios
PEG Ratio1.38
Price to Book (P/B)1.03
Price to Sales (P/S)0.82
P/FCF Ratio-7.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.60Price Target Upside46.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.36
Revenue Forecast (FY)AU$674.05M
FleetPartners Group Business Overview & Revenue Model
Company Description
FleetPartners Group Limited provides fleet management services in Australia and New Zealand. The company operates in three segments: Australia Commercial, Novated, and New Zealand Commercial. It offers vehicle fleet leasing and management, novated...
How the Company Makes Money
FleetPartners makes money primarily by financing and managing vehicles on behalf of customers under multi-year leasing and fleet management arrangements. A key revenue stream is lease income and financing margin: the company funds vehicles (or arr...
FleetPartners Group Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 786.23M | 761.63M | 676.77M | 423.49M | 431.67M |
| Gross Profit | 91.00M | 222.39M | 223.37M | 251.16M | 35.13M |
| EBITDA | 436.21M | 323.49M | 364.30M | 116.00M | 306.36M |
| Net Income | 75.33M | 77.88M | 81.02M | 103.32M | 75.95M |
Balance Sheet | |||||
| Total Assets | 2.73B | 2.53B | 2.25B | 2.03B | 2.00B |
| Cash, Cash Equivalents and Short-Term Investments | 308.56M | 91.30M | 247.09M | 238.23M | 226.95M |
| Total Debt | 1.83B | 1.66B | 1.38B | 1.20B | 1.24B |
| Total Liabilities | 2.10B | 1.91B | 1.61B | 1.41B | 1.42B |
| Stockholders Equity | 632.29M | 622.93M | 635.68M | 620.64M | 575.68M |
Cash Flow | |||||
| Free Cash Flow | -85.21M | -186.42M | -76.39M | -154.85M | 122.48M |
| Operating Cash Flow | -72.49M | -167.87M | -56.84M | 327.26M | 396.92M |
| Investing Cash Flow | -12.71M | -18.55M | -19.55M | -229.13M | -192.57M |
| Financing Cash Flow | 123.17M | 214.22M | 80.93M | -80.90M | -187.50M |
FleetPartners Group Technical Analysis
Negative
2.46
Price Trends
2.56
Negative
2.71
Negative
2.72
Negative
Market Momentum
-0.03
Negative
47.40
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FPR, the sentiment is Negative. The current price of 2.46 is above the 20-day moving average (MA) of 2.45, below the 50-day MA of 2.56, and below the 200-day MA of 2.72, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 47.40 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FPR.
FleetPartners Group Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$580.98M | 4.12 | 10.91% | ― | 5.58% | 20.20% | |
75 Outperform | AU$1.24B | 14.94 | 29.68% | 5.51% | 7.67% | 5.03% | |
69 Neutral | AU$485.08M | 8.61 | 11.99% | 4.64% | 3.23% | 3.61% | |
69 Neutral | AU$1.04B | 8.90 | 6.99% | 4.06% | 10.31% | 33.06% | |
66 Neutral | AU$1.59B | 12.97 | 8.79% | 1.30% | 34.24% | 1.87% | |
61 Neutral | AU$1.10B | 6.01 | 88.28% | 8.65% | 8.40% | 9.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:FPR
FleetPartners Group
2.36
-0.36
-13.30%
AU:EHL
Emeco Holdings Limited
1.11
0.35
45.39%
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Mcmillan Shakespeare Limited
15.89
1.62
11.38%
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9.15
1.74
23.50%
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MAAS Group Holdings Ltd.
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13.97%
AU:KLS
Kelsian Group Limited
3.89
1.27
48.30%
FleetPartners Group Corporate Events
FleetPartners Brings Forward Fully Franked Dividends Ahead of 1H26 Results
Apr 23, 2026
FleetPartners Group has announced that, following completion of its FY25 income tax return, it now expects all future dividends to be fully franked earlier than previously indicated. This change means that any interim dividend related to the compa...
FleetPartners Cancels Shares Under On‑Market Buy‑Back
Apr 21, 2026
FleetPartners Group Limited has cancelled 359,459 ordinary fully paid shares as part of an on‑market buy‑back completed on 9 April 2026. The reduction in issued capital reflects the group’s ongoing capital management, which can e...
FleetPartners Issues 66,229 New Shares on Conversion of Unquoted Securities
Apr 20, 2026
FleetPartners Group Limited has disclosed the issue of 66,229 new fully paid ordinary shares following the conversion of previously unquoted options or other convertible securities. The issuance, dated 25 March 2026, modestly increases the company...
Mitsubishi UFJ Exits Substantial Holder Position in FleetPartners
Apr 10, 2026
Mitsubishi UFJ Financial Group has filed a notice confirming it has ceased to be a substantial shareholder in FleetPartners Group, following a series of trades in the company’s fully paid ordinary shares. The change reflects ongoing portfoli...
First Sentier Group exits substantial holding in FleetPartners
Apr 9, 2026
First Sentier Investors RQI Pty Ltd and related entities within the Mitsubishi UFJ Financial Group have lodged a notice stating they have ceased to be a substantial holder in FleetPartners Group Ltd as of 7 April 2026. The change, detailed in an A...
FleetPartners advances on-market share buy-back program
Apr 1, 2026
FleetPartners Group Limited, listed on the ASX under ticker FPR, operates in the fleet management and asset finance industry, providing vehicle and equipment leasing solutions and associated services to business customers. Its ordinary fully paid ...
FleetPartners updates market on progress of on‑market share buy‑back
Mar 30, 2026
FleetPartners Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 31 March 2026, the company reported that it had repurchased a cumulative t...
FleetPartners updates market on progress of on‑market share buy‑back
Mar 29, 2026
FleetPartners Group Limited, listed on the ASX under ticker FPR, is a financial and fleet management services provider that manages a listed pool of ordinary fully paid shares. The company actively uses on-market share buy-backs as a tool to manag...
FleetPartners updates market on daily progress of on‑market share buy‑back
Mar 26, 2026
FleetPartners Group Limited has provided an updated notification to the ASX regarding its on-market share buy-back program for ordinary fully paid shares under code FPR. The update, dated 27 March 2026, reports that the company has repurchased a c...
FleetPartners Reports Daily Progress on Ongoing On-Market Share Buy-Back
Mar 25, 2026
FleetPartners Group Limited, traded on the ASX as FPR, is pursuing an on-market buy-back of its ordinary fully paid shares as part of its capital management activities. The company regularly reports its buy-back progress, providing daily updates o...
FleetPartners Reports Daily Activity in Ongoing On-Market Share Buy-Back
Mar 24, 2026
FleetPartners Group Limited has updated the market with a daily notification on its on-market share buy-back program for ordinary fully paid shares. The company reported that 79,286 shares were repurchased on the previous trading day, with no secu...
FleetPartners Updates Broker Details for On-Market Share Buy-Back
Mar 23, 2026
FleetPartners Group Limited has updated the market on its previously announced on-market share buy-back of fully paid ordinary shares, filed under ASX code FPR. The latest notice, dated 23 March 2026, confirms that the changes relate specifically ...
FleetPartners Launches $20 Million On-Market Share Buy-Back
Mar 9, 2026
FleetPartners Group has announced that its board has approved an on-market share buy-back of up to $20 million, to commence no earlier than 14 days from the announcement date and conducted under the Corporations Act and ASX Listing Rules. The buy-...
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.