National Tyre & Wheel Ltd. (NTD) AI Stock Analysis

• Market Cap: AU$38.57M
• Dividend Yield: N/A
• Average Volume (3M): 24.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: 0.89%
• EPS Growth: -2641.38%
• Country: AU
• Employees: 500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): >-0.01
• Shares Outstanding: 167,707,610
• 10 Day Avg. Volume: 30,284
• 30 Day Avg. Volume: 24,552
• PEG Ratio: <0.01
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.05
• P/FCF Ratio: 1.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: AU$0.23 ▼(-12.31% Downside)

The overall score reflects significant financial challenges, particularly in profitability and leverage, despite strong cash flow. Technical indicators suggest a bearish trend, and valuation metrics are unattractive due to negative earnings.

Positive Factors

Free cash flow generation

Sustained free cash flow growth provides durable internal funding for operations, maintenance and targeted investments. This reduces reliance on external finance, supports capex and working capital needs, and creates a buffer to manage cyclical demand in auto parts over the next several quarters.

Robust revenue growth

Very strong revenue expansion signals successful sales momentum or network expansion, improving scale economics potential. If sustained, elevated top-line growth can enable better fixed-cost absorption and longer-term margin recovery through higher throughput and purchasing leverage.

Essential aftermarket industry exposure

Operating in the auto-parts aftermarket offers structural steady demand as vehicles require ongoing maintenance. A mid-sized workforce (~500) supports networked service delivery and operational capacity, providing a durable revenue floor versus more cyclical discretionary sectors.

Negative Factors

High leverage

Elevated debt-to-equity reduces financial flexibility and increases interest and refinancing risk, especially given recent operating weakness. High leverage constrains capital allocation, limits ability to pursue strategic investments, and raises vulnerability to macro shocks over months.

Negative profitability and margin pressure

Persistently negative EBIT and net margins indicate structural cost or pricing issues undermining core operations. Without sustainable margin recovery, profitability will remain impaired, limiting retained earnings needed to delever and invest, and threatening long-term viability of growth initiatives.

Severe EPS deterioration

A collapse in EPS of this magnitude reflects a material earnings shock that erodes equity value and indicates either large one-off losses or ongoing operational failings. This weakens investor confidence, restricts funding options, and suggests earnings recovery may take multiple quarters to years.

National Tyre & Wheel Ltd. Business Overview & Revenue Model

Company Description

National Tyre & Wheel Limited, together with its subsidiaries, engages in the marketing and distribution of motor vehicle tires, wheels, tubes, and related products in Australia, New Zealand, and South Africa. Its products include truck and bus tires, 4WD tires, agricultural and off-the-road tires, 4WD wheels, industrial tires, original equipment tires and wheels, and budget tires. The company was founded in 1989 and is headquartered in Hamilton, Australia.

How the Company Makes Money

National Tyre & Wheel Ltd. generates revenue primarily through the sale of tyres and wheels, which constitutes its core business operation. The company sources products from various manufacturers and sells them through a network of retail outlets and online platforms. Key revenue streams include direct sales to consumers, wholesale distribution to automotive and retail partners, and the provision of installation and maintenance services. Additionally, NTD may engage in strategic partnerships with tyre manufacturers and automotive service providers, enhancing its product offerings and market reach. Seasonal demand fluctuations and marketing strategies also significantly influence the company's earnings.

National Tyre & Wheel Ltd. Financial Statement Overview

Summary

National Tyre & Wheel Ltd. faces profitability and leverage challenges, with negative margins and high debt levels. However, strong cash flow generation provides some resilience.

Income Statement

National Tyre & Wheel Ltd. has experienced a decline in profitability with negative net profit and EBIT margins in the most recent year, indicating operational challenges. The revenue growth rate is positive, but the gross profit margin has decreased, suggesting pressure on cost management.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio, indicating significant leverage. The negative return on equity reflects recent losses, and the equity ratio suggests a moderate level of equity financing relative to total assets.

Cash Flow

Cash flow performance is relatively strong, with significant free cash flow growth and a healthy free cash flow to net income ratio. However, the operating cash flow to net income ratio is low, suggesting potential issues in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	538.15M	538.15M	533.43M	582.28M	555.55M	461.53M
Gross Profit	152.26M	152.26M	168.44M	55.37M	59.81M	64.62M
EBITDA	7.53M	-15.12M	36.32M	36.32M	40.56M	46.20M
Net Income	-43.76M	-43.76M	1.56M	3.33M	9.40M	20.25M
Balance Sheet
Total Assets	354.10M	354.10M	413.10M	376.05M	385.67M	268.44M
Cash, Cash Equivalents and Short-Term Investments	46.99M	46.99M	39.11M	33.04M	35.83M	29.05M
Total Debt	177.42M	177.42M	177.55M	160.15M	163.39M	78.86M
Total Liabilities	267.74M	267.74M	295.80M	260.71M	273.21M	176.63M
Stockholders Equity	83.81M	83.81M	114.54M	112.27M	108.96M	88.47M
Cash Flow
Free Cash Flow	23.34M	23.34M	30.57M	20.06M	6.71M	20.11M
Operating Cash Flow	27.13M	27.13M	35.22M	24.17M	11.84M	22.67M
Investing Cash Flow	-2.36M	-2.36M	-6.12M	-6.25M	-52.56M	-39.16M
Financing Cash Flow	-17.21M	-17.21M	-23.50M	-18.04M	44.86M	19.05M

National Tyre & Wheel Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NTD, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.26, and above the 200-day MA of 0.26, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 28.87 is Positive, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NTD.

National Tyre & Wheel Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFC	66 Neutral	AU$279.29M	11.51	10.48%	4.50%	1.54%	-10.39%
ABV	63 Neutral	AU$53.71M	29.35	18.17%	―	25.15%	2.22%
RPM	63 Neutral	AU$15.53M	3.28	8.25%	―	-5.17%	-19.44%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
AMA	53 Neutral	AU$358.93M	-44.91	-4.58%	―	13.54%	66.33%
NTD	48 Neutral	AU$38.57M	-0.78	-44.12%	―	0.89%	-2641.38%

National Tyre & Wheel Ltd. Corporate Events

NTAW Secures Extension on Financial Covenants Waiver with CBA

National Tyre & Wheel Ltd. (NTAW) has announced an extension of the waiver of financial covenants related to its borrowing facility with the Commonwealth Bank of Australia (CBA) until March 31, 2026. Since June 2025, NTAW has repaid $12.3 million of its borrowing facility, with further repayments planned for the 2026 financial year, and the overall borrowing limit reduced by $13 million. CBA has expressed continued support for NTAW, aligning with the company’s current trading environment, and the borrowing facility remains in place until September 2027.

The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.

NTAW Holdings Reports Successful AGM with All Resolutions Passed

NTAW Holdings Limited, listed on the ASX under the ticker NTD, announced the results of its 2025 Annual General Meeting, where all resolutions were successfully passed. The resolutions included matters such as the re-election of directors and approval of performance rights, indicating strong shareholder support and potentially stable governance for the company moving forward.

The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.

NTAW Holdings Reports $44 Million Loss Amidst Strategic Reset

NTAW Holdings Limited reported a significant financial loss of $44 million for the fiscal year ending June 2025, attributed to poor operational execution, challenging economic conditions, and the loss of a key distribution agreement. The company is undergoing a financial and cultural reset under the leadership of newly appointed CEO Warwick Hay, focusing on cost reductions, improved inventory controls, and strengthening supplier relationships. Despite current challenges, NTAW is positioned to benefit from its investments in retreading facilities and aims to improve financial performance in the coming years.

The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.