Market cap
$712m
End-of-day close multiplied by current shares on issue.
TRA · NZX
Turners Automotive Group (TRA)
Consumer / Automotive retail and financeCovered: FY20 - FY268 published briefings
Turners Automotive Group is an NZX-listed consumer / automotive retail and finance company. Its latest covered result is FY26, with FY20 - FY26 of source-backed result history on Annolyse.
Sections
Latest result
Latest metrics
FY26, released 21 May 2026
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| Metric | Value | Change |
|---|---|---|
| Revenue | $450.2m | ↑ +8.2% |
| NPAT | $38.2m | ↑ +15.8% |
| Operating cash flow | -$75m | ↓ -352.7% |
| Net debt | $566.1m | ↑ +38.8% |
| ROE % | 12.0% | ↑ +0.2pp |
| DPS | 9.0c | ↓ -64.7% |
| Payout ratio vs NPAT % | 78.2% | ↑ +10.6pp |
| Annual payout ratio vs EPS % | 78.3% | ↑ +10.7pp |
| PBT | $55.8m | ↑ +13.6% |
| FCF pre-lease | -$116.7m | n/m |
Source: latest published briefing (FY26, released 21 May 2026). Change compares against the prior equivalent period: FY24, released 26 May 2025.
Valuation
Valuation
Trailing P/E, EV/EBITDA, price-to-book and price-to-free-cash-flow ratios combine the latest available close with filing data. They are comparative measures, not forecasts or recommendations.
Prices as at close, 4 September 2026
Price and market cap
The latest close and share count context for the market price.
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Profitability multiples
How the market price compares with recent earnings and cash-flow inputs.
P/E
18.64x
Recent market cap compared with trailing earnings.
EPS
0.42
Recent filing-derived earnings per share.
PEG
Not available
Not meaningful without positive comparable earnings growth.
EV/EBITDA
Not available
Not available for this company right now.
P/FCF
Not available
Not meaningful when free cash flow is negative or unavailable.
P/B
2.24x
Market value compared with latest reported equity.
Income and investment-company measures
Yield and investment-company valuation where supported.
Dividend yield
4.2%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Price history
Daily closes use the full available width, with hover and touch values for each observation. Expand the chart to see more detail.
Share price
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
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P/E over time
Filing-period markers only: EOD close on or before each release date divided by filing-derived trailing NPAT where both inputs verify.
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Ask about TRA
Ask follow-up questions about Turners Automotive Group's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Ask about TRA
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Financial history
Performance over time
The latest period is shown first.
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Reference: annolyse.ai/companies/tra
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
Filing-only history charts
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Revenue
Reported revenue across covered periods.
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Revenue growth
Like-period revenue growth where comparable.
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- FY20 TRA FY: Outside range low revenue growth. -10.7%; 3-period range 7% to 15.4%. Revenue growth: -10.7%, below normal range; 3-period mean 10.5%, range 7.0%-15.4%.
EBITDA-equivalent
Company-specific earnings measure where disclosed.
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EBITDA margin
EBITDA-equivalent margin where revenue and earnings are source-backed.
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NPAT
Statutory profit after tax.
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Operating cash flow
Cash generated from operations.
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More financial metrics
Additional filing-backed metrics for this company. Each point links to the relevant published briefing.
FCF pre-lease
Operating cash flow less capex before leases.
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ROE
Return on equity.
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Net debt
Borrowings less cash; negative values indicate net cash.
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DPS
Dividend per share declared for the period.
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Payout ratio
Dividend payout against statutory NPAT.
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- FY20 TRA FY: Outside range low payout ratio versus npat. 19.1%; 3-period range 63.2% to 78.2%. Payout ratio versus NPAT: 19.1%, below normal range; 3-period mean 69.7%, range 63.2%-78.2%.
Debtor days
Receivables days where the working-capital inputs are source-backed.
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- FY20 TRA FY: Outside range high debtor days. 9d; 3-period range 6d to 8d. Debtor days: 8.8 days, above normal range; 3-period mean 7.0 days, range 6.4 days-8.1 days.
Inventory days
Inventory days where the working-capital inputs are source-backed.
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- FY20 TRA FY: Outside range high inventory days. 37d; 3-period range 22d to 34d. Inventory days: 37.2 days, above normal range; 3-period mean 26.0 days, range 21.8 days-34.1 days.
Operating working-capital movement
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
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The setup & the reality
FY24 → FY26 Follow-through
The latest result is checked against what the prior briefing said to watch.
Historical setup
What FY24 said to watch
Previous analysisFY24Result releasedAnnolyse analysis published
From Operating cash flow dropped to $29.7m from $66.8m on 7.0% revenue growth
The result cleared the stated FY24 target of at least $48m net profit before tax, with PBT at $49.1m. Half-year context shows HY24 contributed 58.5% of full-year NPAT and 50.1% of full-year revenue, implying a weaker second half on NPAT (around $13.7m) despite a roughly balanced revenue shape. The interim commentary references an FY25 NPBT target above $50m, so the bar steps up only modestly. The current release does not provide segment-level guidance, working-capital outlook, or commentary on whether the cash-conversion gap is expected to reverse, so the read is supported on the earnings target but unsupported on cash trajectory.
Open questions
Open questions from FY24
- Why did operating cash flow fall to $29.7m from $66.8m when revenue grew 7.0% and trading working capital tightened?
- How is the 25.5 cents-per-share dividend being funded given pre-lease free cash flow covers only 33.5% of NPAT?
- What is the expected trajectory of the finance receivables book, and what funding cost and credit-loss assumptions sit behind the FY25 NPBT target?
- How does management plan to manage net debt and leverage if the cash-conversion pattern continues?
- Will capex stay at the current 4.5%-of-revenue run-rate, or does growth in the receivables book and branch network require it to step back up?
This briefing cannot assess credit quality of the finance receivables book, funding-cost sensitivity, or unit economics within Auto Retail because the release does not disclose volumes, gross profit per unit, or credit-loss provisioning at a comparable level.
Latest result sources
Primary issuer documents used for the FY26 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.
Current period
FY256 Results Presentation
FY26 / results presentationFY26 Results Announcement
FY26 / financial reportRecord FY26 reinforces Turners' FY31 strategic targets
FY26 / results releasePrior comparable period
Turners FY25 Annual Report
FY25 / financial reportInterim context
Results announcement HY26
HY26 / financial reportTurners 1HY26 result announcement
HY26 / results releaseTurners HY26 Half Year Results Presentation
HY26 / results presentationRelease context
Reminder and weblink for results presentation
FY25 / commentaryTurners upgrades FY25 profit guidance for its fifth consecutive record result
FY25 / commentaryResults Date and Weblink for Turners FY26 Results Briefing
FY26 / commentaryTurners 2026 Investor Day Presentation
FY26 / commentaryResults of Turners 2025 Annual Meeting
HY26 / commentaryWeblink for Turners HY26 Results Presentation
HY26 / commentaryPeer context
Other covered Consumer companies
These companies share a broad sector but may not be direct peers. Compare them only where the underlying measures are genuinely comparable.
Archive
Briefing archive
The full chronological archive contains every published result briefing.
FY26 · Released 21 May 2026
Credit Management impairment of $7.5m masks core-segment growth at TRA
Reported NPAT slipped to $38.2m even as Auto Retail, Finance and Insurance segments all delivered higher profit results.
Read briefing
FY24 · Released 26 May 2025
Operating cash flow dropped to $29.7m from $66.8m on 7.0% revenue growth
Reported earnings looked steady, yet cash generation fell sharply and free cash flow no longer covers the declared dividend.
Read briefing
HY25 · Released 25 November 2024
Finance and Insurance lifted PBT 4.7% as Auto Retail eased revenue 2.5% lower
Earnings held up versus a -2.5% top line that sits well below the 14.9% historical growth mean, with Auto Retail's segment result down 18%.
Read briefing
HY22 · Released 22 November 2023
Record PBT up 9.8% as Finance segment result halved and Auto Retail surged
Revenue grew 15.6% but PBT margin slipped to 12.0%, below the 12.7–14.1% historical range, as segment economics rotated sharply.
Read briefing
HY23 · Released 22 November 2022
Record PBT of $23.4m masks Finance margin squeeze and $5.8m WC absorption
Revenue rose to $185.0m but PBT barely advanced from $23.2m, with operating working capital absorbing $5.8m versus a $0.3m historical norm.
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FY22 · Released 24 May 2022
FY22 NPAT $31.3m as operating cash swung to a $43.9m outflow
Earnings growth was funded by a $73.2m rise in gross borrowings to $412.8m as finance-book expansion absorbed operating cash.
Read briefing
Get notified when TRA publishes
Get the next Turners Automotive Group result briefing and five-year history updates by email.