FleetPartners Group (AU:FPR)
ASX:FPR
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FleetPartners Group
(Sydney:FPR)
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Select Model
Rating:69Neutral
Price Target:
AU$3.00
▲(18.11% 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
Recurring leasing and services
FleetPartners’ core model is multi-year lease contracts plus fleet management and service fees. That contract-based revenue provides predictable, recurring cash inflows and customer stickiness, supporting stable fee income and long-term client relationships across cycles.
Negative Factors
High leverage
A debt-to-equity ratio near 2.9 signals material leverage. Elevated indebtedness raises interest expense sensitivity, reduces balance sheet flexibility for growth or shocks, and increases refinancing risk, particularly if funding markets tighten or margins compress.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring leasing and services
FleetPartners’ core model is multi-year lease contracts plus fleet management and service fees. That contract-based revenue provides predictable, recurring cash inflows and customer stickiness, supporting stable fee income and long-term client relationships across cycles.
Read all positive factors
FleetPartners Group (FPR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$527.46M
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 Outstanding215,966,780
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$3.49Price Target Upside37.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
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 primarily makes money by financing and managing vehicles for customers under multi-year leasing arrangements and charging for associated management and service activities. Key revenue streams commonly include: (1) Leasing and financi...
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
Neutral
2.54
Price Trends
2.61
Negative
2.73
Negative
2.74
Negative
Market Momentum
-0.03
Negative
51.30
Neutral
73.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FPR, the sentiment is Neutral. The current price of 2.54 is above the 20-day moving average (MA) of 2.49, below the 50-day MA of 2.61, and below the 200-day MA of 2.74, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 73.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$665.81M | 4.12 | 10.91% | ― | -4.54% | 43.24% | |
75 Outperform | AU$1.19B | 14.94 | 31.30% | 5.51% | 11.64% | 18.08% | |
69 Neutral | AU$527.46M | 8.61 | 12.46% | 4.64% | 3.23% | 3.61% | |
69 Neutral | AU$1.08B | 8.90 | 6.99% | 4.06% | 9.52% | -8.76% | |
66 Neutral | AU$1.56B | 12.97 | 9.26% | 1.30% | 15.14% | -7.23% | |
61 Neutral | AU$1.10B | 6.01 | 88.28% | 8.65% | 7.99% | 14.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:FPR
FleetPartners Group
2.54
0.04
1.52%
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1.29
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70.20%
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Mcmillan Shakespeare Limited
15.60
2.42
18.35%
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Smartgroup Corporation Ltd
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1.71
24.22%
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MAAS Group Holdings Ltd.
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10.58%
AU:KLS
Kelsian Group Limited
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1.75
74.49%
FleetPartners Group Corporate Events
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-...
FleetPartners Reshapes Company Secretariat as Osbich Resigns
Jan 30, 2026
FleetPartners Group has announced the resignation of Lauren Osbich as Joint Company Secretary, effective 31 January 2026, as part of a change in its corporate governance structure. Alexandra Payne will continue in the role as sole Company Secretar...
FleetPartners Grants Additional Performance Rights to Director Damien Berrell
Jan 27, 2026
FleetPartners Group Limited has disclosed a change in director Damien Berrell’s interests, with the grant of 521,179 performance rights under the company’s FY25 short-term incentive and FY26 long-term incentive plans, as approved by sh...
FleetPartners Issues 667,919 Unquoted Performance Rights Under Employee Scheme
Jan 27, 2026
FleetPartners Group Limited has notified the market of the issue of 667,919 unquoted performance rights under its employee incentive scheme, with the securities issued on 22 January 2026 and subject to transfer restrictions until those conditions ...
FleetPartners Shareholders Back Board, Pay and CEO Incentives at 2026 AGM
Jan 22, 2026
FleetPartners Group Limited reported that all resolutions put to shareholders at its 2026 Annual General Meeting were approved by strong majorities via poll voting. Investors backed the re-election of directors Gail Pemberton and Rob McDonald, end...
FleetPartners Outlines FY25 Performance and FY26 Outlook at 2026 AGM
Jan 21, 2026
FleetPartners Group has released the prepared addresses and presentation from its 2026 Annual General Meeting, where Chair Gail Pemberton opened proceedings and outlined the company’s business and achievements over the 2025 financial year. C...
FleetPartners Issues 925,000 Unquoted Performance Rights Under Incentive Scheme
Jan 15, 2026
FleetPartners Group Limited has notified the market of the issue of 925,258 unquoted performance rights under its employee incentive scheme, split across two tranches dated 5 December and 18 December 2025. The move underscores the company’s ...
FleetPartners Issues 362,593 New Shares on Conversion of Unquoted Securities
Jan 15, 2026
FleetPartners Group Limited has notified the ASX of the issue of 362,593 new fully paid ordinary shares following the conversion of previously unquoted options or other unquoted convertible securities, effective 10 December 2025. The additional eq...
FleetPartners Performance Rights Lapse After Unmet Conditions
Jan 15, 2026
FleetPartners Group Limited has notified the market of the cessation of 233,255 performance rights (ASX code: FPRAB), which lapsed on 10 December 2025 because the performance conditions attached to them were not met or became incapable of being sa...
Vanguard Ceases to Be Substantial Shareholder in FleetPartners Group
Jan 11, 2026
Vanguard Group has notified FleetPartners Group Limited that it has ceased to be a substantial shareholder in the company as of 6 January 2026, after its holding fell to 4.995% of the company’s voting power. The change reduces Vanguard’...
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.