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FleetPartners Group
(Sydney:FPR)
Select Model
Select Model
Rating:69Neutral
Price Target:
AU$3.50
▲(5.42% Upside)
Action:Reiterated
Date: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
Diversified, recurring revenue model
FleetPartners' end-to-end fleet management and salary‑packaging services create multiple recurring revenue streams (leases, per‑vehicle admin fees, servicing). Multi-year lease terms and administrative contracts support predictable, repeatable cash inflows and cross-sell opportunities over the medium term.
Negative Factors
High financial leverage
A debt-to-equity ratio near 2.9 signals material leverage that raises refinancing, interest‑rate and covenant risks. High leverage reduces financial flexibility and amplifies downside in stressed periods, making the business more dependent on external funding and margin stability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified, recurring revenue model
FleetPartners' end-to-end fleet management and salary‑packaging services create multiple recurring revenue streams (leases, per‑vehicle admin fees, servicing). Multi-year lease terms and administrative contracts support predictable, repeatable cash inflows and cross-sell opportunities over the medium term.
Read all positive factors
FleetPartners Group (FPR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$581.07M
Dividend Yield9.01%
Average Volume (3M)1.30M
Price to Earnings (P/E)8.1
Beta (1Y)0.91
Revenue Growth3.96%
EPS Growth9.82%
CountryAU
Employees242
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.35
Shares Outstanding213,631,940
10 Day Avg. Volume256,528
30 Day Avg. Volume1,297,910
Financial Highlights & Ratios
PEG Ratio1.36
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$3.52Price Target Upside6.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.35
Revenue Forecast (FY)AU$700.24M
FleetPartners Group Business Overview & Revenue Model
Company Description
FleetPartners Group Limited is a specialist provider of fleet management solutions, operating throughout Australia and New Zealand. The company structures its operations across three primary divisions: Australia Commercial, Novated, and New Zealan...
How the Company Makes Money
FleetPartners makes money primarily by financing and managing vehicles over multi-year terms and charging customers for those services across the vehicle lifecycle. Key revenue streams typically include: (1) Vehicle leasing/financing income: Fleet...
FleetPartners Group Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 801.72M | 786.23M | 761.63M | 676.77M | 423.49M | 431.67M |
| Gross Profit | 23.39M | 91.00M | 222.39M | 223.37M | 251.16M | 35.13M |
| EBITDA | 444.76M | 436.21M | 323.49M | 364.30M | 116.00M | 306.36M |
| Net Income | 77.84M | 75.33M | 77.88M | 81.02M | 103.32M | 75.95M |
Balance Sheet | ||||||
| Total Assets | 2.77B | 2.73B | 2.53B | 2.25B | 2.03B | 2.00B |
| Cash, Cash Equivalents and Short-Term Investments | 281.42M | 308.56M | 91.30M | 247.09M | 238.23M | 226.95M |
| Total Debt | 1.82B | 1.83B | 1.66B | 1.38B | 1.20B | 1.24B |
| Total Liabilities | 2.11B | 2.10B | 1.91B | 1.61B | 1.41B | 1.42B |
| Stockholders Equity | 653.75M | 632.29M | 622.93M | 635.68M | 620.64M | 575.68M |
Cash Flow | ||||||
| Free Cash Flow | -43.07M | -85.21M | -186.42M | -76.39M | -154.85M | 122.48M |
| Operating Cash Flow | -34.23M | -72.49M | -167.87M | -56.84M | 327.26M | 396.92M |
| Investing Cash Flow | -36.50M | -12.71M | -18.55M | -19.55M | -229.13M | -192.57M |
| Financing Cash Flow | 103.68M | 123.17M | 214.22M | 80.93M | -80.90M | -187.50M |
FleetPartners Group Technical Analysis
Positive
3.32
Price Trends
2.87
Positive
2.66
Positive
2.66
Positive
Market Momentum
0.03
Negative
74.61
Negative
64.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FPR, the sentiment is Positive. The current price of 3.32 is above the 20-day moving average (MA) of 2.91, above the 50-day MA of 2.87, and above the 200-day MA of 2.66, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 74.61 is Negative, neither overbought nor oversold. The STOCH value of 64.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$1.77B | 21.00 | 29.68% | 3.82% | 7.67% | 5.03% | |
75 Outperform | AU$498.72M | 6.22 | 10.91% | ― | 5.58% | 20.20% | |
71 Outperform | AU$1.20B | 17.72 | 6.99% | 4.02% | 10.31% | 33.06% | |
69 Neutral | AU$581.07M | 8.09 | 12.11% | 9.01% | 3.96% | 9.82% | |
66 Neutral | AU$1.79B | 23.62 | 8.79% | 1.31% | 34.24% | 1.87% | |
61 Neutral | AU$1.36B | 13.64 | 88.28% | 6.86% | 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
3.32
0.80
31.85%
AU:EHL
Emeco Holdings Limited
0.98
0.10
12.07%
AU:MMS
Mcmillan Shakespeare Limited
19.63
3.23
19.67%
AU:SIQ
Smartgroup Corporation Ltd
12.99
5.57
75.09%
AU:MGH
MAAS Group Holdings Ltd.
4.96
0.92
22.65%
AU:KLS
Kelsian Group Limited
4.43
0.90
25.64%
FleetPartners Group Corporate Events
FleetPartners Receives Conditional Takeover Approach From SG Fleet
Aug 2, 2026
FleetPartners Group Limited, a listed Australian fleet management and vehicle leasing provider operating across Australia and New Zealand, focuses on long-term corporate and government contracts and recurring revenue from its leasing platforms. Th...
FleetPartners Reports Daily Progress on ASX On‑Market Share Buy‑Back
Aug 2, 2026
FleetPartners Group Limited, an ASX-listed vehicle leasing and fleet management specialist, offers financing and comprehensive fleet services to corporate and institutional clients. Its ordinary fully paid shares trade under the code FPR, reflecti...
FleetPartners Updates ASX on Ongoing On-Market Share Buy-Back
Jul 31, 2026
FleetPartners Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid shares.The company reports that it has repurchased a cumulative total of 3,713,754 shares be...
FleetPartners Reports Daily Progress on On-Market Share Buy-Back
Jul 29, 2026
FleetPartners Group Limited has issued an updated notification to the ASX confirming ongoing on-market share buy-backs of its ordinary fully paid shares under the previously announced program. The latest daily filing reports that a cumulative 3,65...
FleetPartners Updates Daily On-Market Share Buy-Back Activity
Jul 28, 2026
FleetPartners Group Limited operates in the financial and automotive services sector, focusing on fleet management and related vehicle services for corporate and institutional clients. Its ordinary fully paid shares trade on the ASX under the tick...
FleetPartners Continues On-Market Share Buy-Back Program
Jul 27, 2026
FleetPartners Group Limited has continued to execute its on-market share buy-back program, reporting a cumulative total of 3,485,185 ordinary shares repurchased prior to the latest trading day. The company disclosed that a further 101,838 shares w...
FleetPartners Updates Market on Ongoing Share Buy-Back Activity
Jul 26, 2026
FleetPartners Group Limited has continued its on-market share buy-back program, reporting that a total of 3,458,994 ordinary fully paid shares had been repurchased before the previous trading day. The company bought back an additional 26,191 share...
FleetPartners Continues On-Market Share Buy-Back Program
Jul 23, 2026
FleetPartners Group Limited has provided an update on its ongoing on-market share buy-back program, confirming the latest daily activity in its ordinary fully paid shares listed under the ASX code FPR. The company reported that a total of 3,389,13...
FleetPartners prices A$400m ABS with certified green EV tranche
Jul 21, 2026
FleetPartners Group has completed its tenth Australian asset-backed securitisation, the FP Turbo Series 2026-1 Trust, a A$400 million transaction backed by operating, finance and novated lease receivables. The deal, which priced earlier in July an...
FleetPartners Continues Daily On-Market Share Buy-Back
Jul 21, 2026
FleetPartners Group Limited has issued an updated notification to the ASX confirming the ongoing execution of its on-market share buy-back program for ordinary fully paid shares under code FPR. The announcement, dated 22 July 2026, reports that th...
FleetPartners Continues On-Market Share Buy-Back Program
Jul 21, 2026
FleetPartners Group Limited has continued its on-market share buy-back program, reporting that a cumulative total of 3,241,161 ordinary fully paid shares had been repurchased prior to the latest trading day. The company bought back an additional 3...
FleetPartners Reports Ongoing Progress in On-Market Share Buy-Back
Jul 14, 2026
FleetPartners Group Limited has provided an update on its on-market share buy-back program, disclosing that a total of 2,919,016 ordinary fully paid shares had been repurchased before the previous trading day. The company also reported that it bou...
FleetPartners issues cautious 3Q26 business update with strong legal disclaimer
Jul 12, 2026
FleetPartners Group has issued a third-quarter 2026 business update presentation, stressing that the information provided is only a summary and should be read alongside its financial reports and continuous disclosure announcements on the ASX. The ...
FleetPartners advances on-market share buy-back program
Jul 9, 2026
FleetPartners Group Limited has continued its on-market share buy-back program, reporting that a total of 2,834,972 ordinary fully paid shares had been repurchased before the latest trading day. The company bought back an additional 40,993 shares ...
FleetPartners Continues On-Market Buy-Back to Tighten Capital Base
Jul 8, 2026
FleetPartners Group Limited has continued its on-market share buy-back program, reporting a cumulative 2,746,977 ordinary fully paid shares repurchased prior to the latest update. The ASX-listed fleet management and leasing provider disclosed that...
FleetPartners Updates Market on Progress of On-Market Share Buy-Back
Jul 6, 2026
FleetPartners Group Limited has provided an updated notification regarding its ongoing on‑market share buy-back program for its ordinary fully paid shares traded under the ASX code FPR. The update, dated 7 July 2026, reports that a total of ...
FleetPartners Cancels Shares Following On-Market Buy-Back
Jul 6, 2026
FleetPartners Group Limited has cancelled 1,975,371 ordinary fully paid shares as part of an on-market buy-back completed on 30 June 2026. The reduction in issued capital may enhance earnings per share and signal management confidence in the compa...
FleetPartners Updates Investors on Ongoing On-Market Share Buy-Back
Jul 2, 2026
FleetPartners Group Limited has provided an updated daily notification to the ASX on its ongoing on-market share buy-back of ordinary fully paid securities under code FPR. The program forms part of the company’s capital management strategy, ...
FleetPartners Issues 105,831 New Shares on Option Conversions
Jul 2, 2026
FleetPartners Group Limited has issued 105,831 new fully paid ordinary shares on 30 June 2026 following the exercise or conversion of previously unquoted options or other convertible securities. The move modestly increases the company’s equi...
FleetPartners Continues Daily On-Market Share Buy-Back
Jul 1, 2026
FleetPartners Group Limited has reported a further on-market share buy-back under its existing program, confirming that it repurchased 112,974 ordinary fully paid shares on the previous trading day. This brings the cumulative total of shares bough...
FleetPartners Updates Market on Progress of On-Market Share Buy-Back
Jul 1, 2026
FleetPartners Group Limited has provided an updated notification to the ASX detailing ongoing on-market buy-backs of its ordinary fully paid shares under ticker FPR. The company reported that a total of 2,405,698 shares had been repurchased prior ...
FleetPartners Updates Market on Progress of On-Market Share Buy-Back
Jun 25, 2026
FleetPartners Group Limited has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code FPR. The latest daily notification, dated 26 June 2026, reports that a total of ...
FleetPartners Reports Daily Progress on Ongoing Share Buy-Back
Jun 24, 2026
FleetPartners Group Limited, listed on the ASX under ticker FPR, operates in the fleet management and vehicle leasing industry, offering financing and leasing solutions for business and government fleets. Its ordinary fully paid shares are the sub...
FleetPartners advances on-market share buy-back program
Jun 23, 2026
FleetPartners Group Limited has continued its on-market share buy-back program, reporting that it repurchased a total of 33,861 ordinary fully paid shares on the previous trading day, bringing cumulative buy-backs to 2,108,392 shares since the ini...
FleetPartners Continues On-Market Share Buy-Back Program
Jun 21, 2026
FleetPartners Group Limited, an ASX-listed fleet and financial services provider, is conducting an on-market share buy-back of its ordinary fully paid shares as part of its capital management strategy. The company is progressively reducing its sha...
FleetPartners Continues Daily On-Market Share Buy-Back Program
Jun 18, 2026
FleetPartners Group Limited, listed on the ASX under ticker FPR, operates in the fleet management and vehicle leasing sector, providing financing and management services for corporate and institutional fleets. Its core business centres on optimisi...
FleetPartners Updates Market on Ongoing Share Buy-Back Program
Jun 17, 2026
FleetPartners Group Limited is an Australia-listed company that trades under the ASX code FPR and is involved in providing vehicle and fleet-related services. Its primary securities on issue are ordinary fully paid shares, which are the subject of...
FleetPartners Continues On‑Market Buy‑Back With Latest Daily Update
Jun 16, 2026
FleetPartners Group Limited has issued an updated notification regarding its ongoing on‑market share buy‑back of ordinary fully paid shares, recorded under ASX code FPR. The latest daily filing dated 17 June 2026 reports that a total o...
FleetPartners Updates Market on Progress of On‑Market Share Buy‑Back
Jun 9, 2026
FleetPartners Group Limited has provided an updated notification on its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The company reported that a total of 1,689,827 shares had been repurchased before the ...
FleetPartners Continues On-Market Share Buy-Back Program
Jun 8, 2026
FleetPartners Group Limited, an ASX-listed provider of vehicle leasing and fleet management services, focuses on helping business and government customers finance, operate and optimise their vehicle and equipment fleets. Its offerings typically sp...
FleetPartners Updates Market on Progress of On-Market Share Buy-Back
Jun 4, 2026
FleetPartners Group Limited has updated the market on progress under its on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 1,576,138 securities had been repurchased before the previous tradin...
FleetPartners Continues On‑Market Share Buy-Back Program
Jun 3, 2026
FleetPartners Group Limited, listed on the ASX under ticker FPR, operates in the financial and fleet management sector, providing vehicle and equipment leasing solutions to corporate and institutional customers. Its primary business revolves aroun...
FleetPartners issues daily update on ongoing on-market share buy-back
Jun 1, 2026
FleetPartners Group Limited has updated the market with a daily notice on its on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 1,458,627 securities had been repurchased prior to the previous...
FleetPartners Continues On‑Market Share Buy‑Back Program
May 31, 2026
FleetPartners Group Limited has provided an update on its ongoing on‑market share buy‑back program for its ordinary fully paid shares traded on the ASX under the code FPR. The company reported that it has repurchased a cumulative total...
FleetPartners Updates Market on Progress of On‑Market Share Buy-Back
May 26, 2026
FleetPartners Group Limited has reported an update to its ongoing on-market share buy-back of ordinary fully paid shares, lodged as an Appendix 3C notification with the ASX. The announcement confirms the program’s continuation, specifying th...
FleetPartners Reports Ongoing Daily Progress in On‑Market Share Buy‑Back
May 26, 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. The latest daily disclosure states that a cumulative 1,194,437 share...
FleetPartners updates market on progress of on‑market share buy‑back
May 24, 2026
FleetPartners Group Limited has provided a daily update on its on‑market share buy‑back program for its ordinary fully paid shares, listed under the ASX code FPR. The company reported that it had repurchased a cumulative total of 1,135...
FleetPartners Reports Ongoing Progress in On‑Market Share Buy‑Back
May 22, 2026
FleetPartners Group Limited has provided an update on its ongoing on‑market share buy‑back program for its ordinary fully paid shares traded under the ASX code FPR. The latest daily notification shows that the company had repurchased a...
FleetPartners Updates Market on Progress of On‑Market Share Buy‑Back
May 21, 2026
FleetPartners Group Limited has reported an on‑market share buy‑back activity for its ordinary fully paid shares, under a program initially notified in March 2026. The company disclosed that a total of 1,043,014 shares had been bought ...
FleetPartners Updates Market on Progress of On-Market Share Buy-Back
May 12, 2026
FleetPartners Group Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program, covering ordinary fully paid shares under the ticker FPR. The latest daily filing reports that a total of 359,528 shares h...
FleetPartners Updates Market on Progress of On-Market Share Buy-Back
May 11, 2026
FleetPartners Group Limited has provided an update on its ongoing on-market share buy-back program, covering ordinary fully paid shares listed under ASX code FPR. The latest notification reports that a total of 359,459 securities had been repurcha...
FleetPartners Reaches In‑Principle Deal to Settle Shareholder Class Action
May 8, 2026
FleetPartners Group has reached an in-principle agreement to settle a shareholder class action filed in the Supreme Court of Victoria in 2023 over disclosures and guidance provided between FY2017 and FY2019. The claim concerns investors who bought...
FleetPartners Declares Interim Dividend for Half-Year to March 2026
May 7, 2026
FleetPartners Group Limited has declared an interim dividend of AUD 0.119 per ordinary share for the six-month period ended 31 March 2026. The dividend will trade ex-dividend on 14 May 2026, with a record date of 15 May 2026 and payment scheduled ...
FleetPartners outlines 1H26 results with caution on projections
May 7, 2026
FleetPartners Group has released a presentation of its 1H26 results, offering a high-level update on the performance and activities of the group and its subsidiaries as at 7 May 2026. The company stresses that the document is only a summary and sh...
FleetPartners lifts profit and EPS on resilient leasing income and tight cost control
May 7, 2026
FleetPartners Group reported resilient first-half 2026 results, with assets under management and operating leases rising to $2.4 billion and core income up 4%, underpinned by stable margins and the acquisition of salary packaging provider Remunera...
FleetPartners lifts half-year profit, EPS and dividends on higher revenue
May 7, 2026
FleetPartners Group reported a 4.1% rise in revenue from continuing operations to $392.5 million for the half-year to 31 March 2026, with profit after tax up 7.3% to $37.1 million and NPATA edging 1.7% higher to $39.6 million. Earnings per share r...
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.