National Tyre & Wheel Ltd. (AU:NTD)
ASX:NTD
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National Tyre & Wheel Ltd.
(Sydney:NTD)
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Rating:43Neutral
Price Target:
AU$0.19
▼(-25.77% Downside)
Action:ReiteratedDate:04/09/26
The score is held down primarily by weak financial performance: FY2025 moved into a net loss with margin compression and higher leverage, increasing risk. Technicals are mixed-to-weak with the price still below key longer-term moving averages and a negative MACD. Valuation is also constrained by a negative P/E and no dividend yield data.
Positive Factors
Cash generation resilience
Despite a FY2025 net loss, sustained positive operating cash flow (~$27.1m) and solid free cash flow (~$23.3m) provide a durable liquidity buffer. This cash generation supports working capital, funds maintenance capex, and gives management flexibility to address leverage or invest in channels without relying solely on equity markets.
Negative Factors
Elevated leverage
Leverage increasing to ~2.12x materially reduces balance-sheet flexibility and raises refinancing and interest-rate risk. With equity depleted, the company has less capacity to absorb shocks or fund strategic initiatives, constraining long-term investments and making recovery dependent on restoring profitability or reducing net debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation resilience
Despite a FY2025 net loss, sustained positive operating cash flow (~$27.1m) and solid free cash flow (~$23.3m) provide a durable liquidity buffer. This cash generation supports working capital, funds maintenance capex, and gives management flexibility to address leverage or invest in channels without relying solely on equity markets.
Read all positive factors
National Tyre & Wheel Ltd. (NTD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$33.54M
Dividend YieldN/A
Average Volume (3M)24.55K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth0.89%
EPS Growth-2641.38%
CountryAU
Employees500
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.05
Shares Outstanding167,707,610
10 Day Avg. Volume30,284
30 Day Avg. Volume24,552
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.34
Price to Sales (P/S)0.05
P/FCF Ratio1.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 ti...
How the Company Makes Money
National Tyre & Wheel Ltd. generates revenue primarily through the wholesale distribution of tyres, wheels, and associated products to retailers and businesses. The company's key revenue streams include sales from its product range and brand portf...
National Tyre & Wheel Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
34
Negative
Cash Flow
63
Positive
| 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
Neutral
0.26
Price Trends
0.21
Negative
0.24
Negative
0.26
Negative
Market Momentum
>-0.01
Negative
54.09
Neutral
64.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NTD, the sentiment is Neutral. The current price of 0.26 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.21, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.09 is Neutral, neither overbought nor oversold. The STOCH value of 64.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NTD.
National Tyre & Wheel Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$264.75M | 13.78 | 6.95% | 4.50% | 1.54% | -10.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | AU$252.78M | -101.48 | -1.82% | ― | 13.54% | 66.33% | |
57 Neutral | AU$49.75M | 19.91 | 17.94% | ― | 25.15% | 2.22% | |
51 Neutral | AU$7.36M | -2.30 | 2.26% | ― | -5.17% | -19.44% | |
43 Neutral | AU$33.54M | -1.00 | -13.84% | ― | 0.89% | -2641.38% |
* Consumer Cyclical Sector Average
AU:NTD
National Tyre & Wheel Ltd.
0.20
>-0.01
-4.76%
AU:SFC
Schaffer Corporation Limited
19.48
-0.39
-1.97%
AU:ABV
Advanced Braking Technology Limited
0.13
0.05
56.25%
AU:AMA
Ama Group Limited
0.53
-0.06
-11.02%
AU:RPM
RPM Automotive Group Ltd.
0.03
-0.02
-41.30%
National Tyre & Wheel Ltd. Corporate Events
NTAW Appoints John Cunningham as Director with No Initial Shareholding
Mar 26, 2026
National Tyre Wheel Ltd. has appointed John Cunningham as a director of NTAW Holdings Limited, effective 24 March 2026. According to the initial director’s interest notice lodged with the ASX, Cunningham holds no direct or indirect interest...
NTAW adds strategy veteran John Cunningham to board
Mar 24, 2026
NTAW Holdings Limited has appointed John Cunningham as an independent non-executive director, adding a seasoned management consultant with more than three decades of experience in strategy and operational excellence to its board. Cunningham, forme...
NTAW Wins Extension of CBA Covenant Waiver to June 2026
Mar 12, 2026
NTAW Holdings Limited has secured an extension from Commonwealth Bank of Australia on the waiver of financial covenant defaults under its borrowing facility, pushing the waiver period out to 30 June 2026 while maintaining the facility’s exis...
National Tyre & Wheel Shifts From Cost Cuts to Growth-Focused Strategy
Feb 26, 2026
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 ...
NTAW Narrows Half-Year Loss but Halts Interim Dividend as Revenue Declines
Feb 26, 2026
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 t...
NTAW Tightens Governance with Revised Securities Trading Policy
Feb 6, 2026
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 com...
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.