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

• Market Cap: AU$34.38M
• Dividend Yield: N/A
• Average Volume (3M): 24.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: 0.89%
• EPS Growth: -2641.38%
• Country: AU
• Employees: 500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): N/A
• 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: 45 Neutral
• Price Target: AU$0.20 ▼(-23.08% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is primarily weighed down by weak financial performance (loss-making profitability and high leverage) and a bearish technical setup (price below key moving averages with negative MACD). Cash-flow strength provides some offset, but valuation is constrained by negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Cash flow resilience

Significant free cash flow growth and a healthy FCF-to-net-income ratio indicate the business generates cash despite accounting losses. Durable cash generation supports working capital, necessary capex, and debt servicing, giving management flexibility to stabilize operations and fund a medium-term recovery.

Positive revenue trend

A reported positive revenue growth rate shows underlying demand and market traction for products or services. Sustained top-line expansion provides scale benefits and potential operating leverage; if margins are managed, continued revenue growth can underpin a durable operational recovery over several quarters.

Moderate equity financing buffer

A moderate equity ratio provides a capital cushion that can absorb shocks and support borrowing capacity. This existing equity base reduces absolute insolvency risk compared with fully debt-funded peers and preserves some strategic flexibility during restructuring or investment decisions.

Negative Factors

Negative profitability

Negative net profit and EBIT margins erode retained earnings and limit internally generated funds for reinvestment. Persistent unprofitability weakens ROE and makes the company's turnaround dependent on sustained cost or pricing improvements to restore durable profitability over the coming months.

High leverage

A high debt-to-equity ratio increases interest burden and refinancing exposure, reducing financial flexibility. Elevated leverage amplifies downside risk in cyclical environments and constrains management's ability to invest or restructure without jeopardizing liquidity during a multi-month recovery.

Weak cash conversion

Low operating cash flow relative to net income means accounting earnings are not translating efficiently into cash. Poor cash conversion heightens reliance on external financing, increases liquidity risk, and can impede timely debt reduction or necessary investment even if accounting profits improve.

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

Weak profitability and leverage pressure drive the score down (negative net profit/EBIT margins, high debt-to-equity, negative ROE). This is partially offset by relatively strong cash-flow resilience (significant free cash flow growth and healthy FCF-to-net-income ratio), though cash conversion remains a concern (low operating cash flow to net income).

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	501.46M	538.15M	533.43M	582.28M	555.55M	461.53M
Gross Profit	92.74M	152.26M	168.44M	55.37M	59.81M	64.62M
EBITDA	18.72M	-15.12M	36.32M	36.32M	40.56M	46.20M
Net Income	-10.74M	-43.76M	1.56M	3.33M	9.40M	20.25M
Balance Sheet
Total Assets	313.14M	354.10M	413.10M	376.05M	385.67M	268.44M
Cash, Cash Equivalents and Short-Term Investments	23.07M	46.99M	39.11M	33.04M	35.83M	29.05M
Total Debt	224.63M	177.42M	177.55M	160.15M	163.39M	78.86M
Total Liabilities	240.37M	267.74M	295.80M	260.71M	273.21M	176.63M
Stockholders Equity	71.30M	83.81M	114.54M	112.27M	108.96M	88.47M
Cash Flow
Free Cash Flow	36.31M	23.34M	30.57M	20.06M	6.71M	20.11M
Operating Cash Flow	38.41M	27.13M	35.22M	24.17M	11.84M	22.67M
Investing Cash Flow	-1.43M	-2.36M	-6.12M	-6.25M	-52.56M	-39.16M
Financing Cash Flow	-39.59M	-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: Positive
• 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 0.24, and above the 200-day MA of 0.26, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.31 is Positive, neither overbought nor oversold. The STOCH value of 8.08 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$272.50M	16.52	10.48%	4.50%	1.54%	-10.39%
ABV	63 Neutral	AU$51.72M	25.49	18.17%	―	25.15%	2.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RPM	57 Neutral	AU$9.26M	5.23	8.25%	―	-5.17%	-19.44%
AMA	56 Neutral	AU$324.93M	-79.41	-4.58%	―	13.54%	66.33%
NTD	45 Neutral	AU$34.38M	-3.20	-44.12%	―	0.89%	-2641.38%

National Tyre & Wheel Ltd. Corporate Events

National Tyre & Wheel Shifts From Cost Cuts to Growth-Focused Strategy

National Tyre & Wheel Ltd. reported that in the half-year to 31 December 2025 it shifted its focus from primarily cutting expenses to driving growth in its better-positioned business units, while pushing other divisions to identify their own paths to expansion. Management is developing a strategic roadmap to build on core capabilities and introduce new offerings for customers, with the second half of 2026 aimed at capitalising on the reset and further evolving the business model to support sustainable growth and stronger market positioning.

The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.

NTAW Narrows Half-Year Loss but Halts Interim Dividend as Revenue Declines

NTAW Holdings Limited reported revenue of $225.8 million for the half-year ended 31 December 2025, down 12.3% from the prior corresponding period, as challenging market conditions weighed on sales across its tyre distribution operations. Despite the topline decline, the company significantly reduced its net loss attributable to shareholders to $8.6 million from $42.5 million a year earlier, while operating EBITDA from continuing operations eased only 4.9% to $10.4 million, indicating underlying profitability has remained relatively resilient.

The group’s net tangible assets per share fell to 36.35 cents from 41.74 cents, reflecting balance sheet pressure amid weaker trading conditions. In light of the loss, the board did not declare an interim dividend and confirmed the dividend reinvestment plan remains inactive, signalling an ongoing focus on capital preservation and financial strengthening rather than near-term cash returns to shareholders.

The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.

NTAW Tightens Governance with Revised Securities Trading Policy

NTAW Holdings Limited has released a revised Securities Trading Policy in compliance with ASX Listing Rule 12.10, outlining updated rules governing how directors, key management personnel, other restricted persons and employees may deal in the company’s securities. The policy, approved by the board, formalises restrictions around trading windows, closed periods and the handling of inside information, reinforcing the company’s governance framework and aligning its market conduct and disclosure standards with regulatory expectations, which is significant for investor confidence and oversight of insider trading risks.

The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.

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.