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carsales.com

ASX:CAR
Snowflake Description

Established dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAR
ASX
A$4B
Market Cap
  1. Home
  2. AU
  3. Media
Company description

carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia. The last earnings update was 91 days ago. More info.


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CAR Share Price and Events
7 Day Returns
3.2%
ASX:CAR
1.8%
AU Interactive Media and Services
-0.1%
AU Market
1 Year Returns
44.3%
ASX:CAR
38.2%
AU Interactive Media and Services
16.5%
AU Market
CAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
carsales.com (CAR) 3.2% 5.5% 4% 44.3% 52.7% 53.6%
AU Interactive Media and Services 1.8% -3.9% 2.5% 38.2% 76.9% 102.9%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • CAR outperformed the Interactive Media and Services industry which returned 38.2% over the past year.
  • CAR outperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
CAR
Industry
5yr Volatility vs Market

CAR Value

 Is carsales.com undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of carsales.com to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for carsales.com.

ASX:CAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.037 (1 + (1- 30%) (12.39%))
1.085
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.085 * 5.96%)
8.78%

Discounted Cash Flow Calculation for ASX:CAR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for carsales.com is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:CAR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.78%)
2020 156.53 Analyst x3 143.90
2021 161.67 Analyst x3 136.62
2022 164.60 Analyst x2 127.88
2023 176.10 Analyst x2 125.77
2024 174.00 Analyst x1 114.24
2025 173.87 Est @ -0.08% 104.94
2026 174.98 Est @ 0.64% 97.08
2027 176.97 Est @ 1.14% 90.27
2028 179.62 Est @ 1.49% 84.22
2029 182.74 Est @ 1.74% 78.77
Present value of next 10 years cash flows A$1,103.00
ASX:CAR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$182.74 × (1 + 2.31%) ÷ (8.78% – 2.31%)
A$2,890.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$2,890.76 ÷ (1 + 8.78%)10
A$1,246.06
ASX:CAR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,103.00 + A$1,246.06
A$2,349.06
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,349.06 / 245.21
A$9.58
ASX:CAR Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$9.58
Current discount Discount to share price of A$16.20
= -1 x (A$16.20 - A$9.58) / A$9.58
-69.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of carsales.com is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for carsales.com's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are carsales.com's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.55
ASX:CAR Share Price ** ASX (2019-11-19) in AUD A$16.2
Global Interactive Media and Services Industry PE Ratio Median Figure of 118 Publicly-Listed Interactive Media and Services Companies 29.44x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of carsales.com.

ASX:CAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CAR Share Price ÷ EPS (both in AUD)

= 16.2 ÷ 0.55

29.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • carsales.com is overvalued based on earnings compared to the Global Interactive Media and Services industry average.
  • carsales.com is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does carsales.com's expected growth come at a high price?
Raw Data
ASX:CAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
7.5%per year
Global Interactive Media and Services Industry PEG Ratio Median Figure of 74 Publicly-Listed Interactive Media and Services Companies 1.49x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

ASX:CAR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.68x ÷ 7.5%

3.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • carsales.com is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on carsales.com's assets?
Raw Data
ASX:CAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.29
ASX:CAR Share Price * ASX (2019-11-19) in AUD A$16.2
Australia Interactive Media and Services Industry PB Ratio Median Figure of 20 Publicly-Listed Interactive Media and Services Companies 7.33x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:CAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CAR Share Price ÷ Book Value per Share (both in AUD)

= 16.2 ÷ 1.29

12.54x

* Primary Listing of carsales.com.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • carsales.com is overvalued based on assets compared to the AU Interactive Media and Services industry average.
X
Value checks
We assess carsales.com's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. carsales.com has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CAR Future Performance

 How is carsales.com expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is carsales.com expected to grow at an attractive rate?
  • carsales.com's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • carsales.com's earnings growth is positive but not above the Australia market average.
  • carsales.com's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CAR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 7.5%
ASX:CAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 6.4%
Australia Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 28.8%
Australia Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CAR Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 566 186 1
2023-06-30 553 205 179 2
2022-06-30 511 182 168 9
2021-06-30 481 165 155 12
2020-06-30 447 157 138 12
2019-11-19
ASX:CAR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 417 132 133
2018-12-31 478 132 135
2018-09-30 461 126 160
2018-06-30 377 119 180
2018-03-31 419 119 154
2017-12-31 394 119 123
2017-09-30 383 122 116
2017-06-30 372 125 109
2017-03-31 364 123 107
2016-12-31 355 121 105
2016-09-30 350 120 107

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • carsales.com's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • carsales.com's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from carsales.com Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CAR Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 0.76 0.76 0.76 1.00
2023-06-30 0.73 0.75 0.72 2.00
2022-06-30 0.68 0.75 0.65 6.00
2021-06-30 0.63 0.69 0.60 8.00
2020-06-30 0.56 0.60 0.54 8.00
2019-11-19
ASX:CAR Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.55
2018-12-31 0.56
2018-09-30 0.66
2018-06-30 0.74
2018-03-31 0.64
2017-12-31 0.51
2017-09-30 0.48
2017-06-30 0.45
2017-03-31 0.44
2016-12-31 0.44
2016-09-30 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • carsales.com is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess carsales.com's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
carsales.com has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CAR Past Performance

  How has carsales.com performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare carsales.com's growth in the last year to its industry (Interactive Media and Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • carsales.com's year on year earnings growth rate has been positive over the past 5 years.
  • carsales.com's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • carsales.com's 1-year earnings growth is negative, it can't be compared to the Global Interactive Media and Services industry average.
Earnings and Revenue History
carsales.com's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from carsales.com Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CAR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 417.49 132.99 145.59
2018-12-31 478.48 135.36 166.66
2018-09-30 461.24 160.10 159.11
2018-06-30 376.86 180.26 124.89
2018-03-31 419.28 154.06 149.25
2017-12-31 394.11 122.86 143.35
2017-09-30 383.11 116.17 136.79
2017-06-30 372.11 109.48 130.24
2017-03-31 363.67 107.30 127.01
2016-12-31 355.23 105.12 123.79
2016-09-30 349.62 107.18 120.58
2016-06-30 344.01 109.25 117.37
2016-03-31 336.08 108.51 113.64
2015-12-31 328.16 107.78 109.90
2015-09-30 319.96 105.47 107.17
2015-06-30 311.76 103.17 104.44
2015-03-31 293.01 100.74 96.12
2014-12-31 274.25 98.31 87.80
2014-09-30 254.93 96.88 81.26
2014-06-30 235.60 95.46 74.72
2014-03-31 230.45 92.64 76.54
2013-12-31 225.30 89.82 78.36
2013-09-30 220.21 86.67 78.42
2013-06-30 215.12 83.52 78.48
2013-03-31 207.03 79.81 77.51
2012-12-31 198.94 76.10 76.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst carsales.com made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • carsales.com used its assets more efficiently than the Global Interactive Media and Services industry average last year based on Return on Assets.
  • carsales.com's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess carsales.com's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
carsales.com has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CAR Health

 How is carsales.com's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up carsales.com's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • carsales.com is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • carsales.com's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of carsales.com's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from carsales.com Company Filings, last reported 4 months ago.

ASX:CAR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 321.68 492.01 94.41
2018-12-31 291.92 527.08 108.11
2018-09-30 291.92 527.08 108.11
2018-06-30 333.41 454.76 65.06
2018-03-31 335.82 454.76 65.06
2017-12-31 271.16 206.59 32.42
2017-09-30 271.16 206.59 32.42
2017-06-30 277.16 193.05 39.80
2017-03-31 277.16 193.05 39.80
2016-12-31 262.72 222.19 44.06
2016-09-30 262.72 222.19 44.06
2016-06-30 260.37 226.91 28.71
2016-03-31 260.37 226.91 28.71
2015-12-31 230.13 231.93 31.85
2015-09-30 230.13 231.93 31.85
2015-06-30 229.51 214.37 26.82
2015-03-31 229.51 214.37 26.82
2014-12-31 205.78 234.48 33.96
2014-09-30 205.78 234.48 33.96
2014-06-30 187.38 174.68 26.04
2014-03-31 187.38 174.68 26.04
2013-12-31 169.53 63.50 25.51
2013-09-30 169.53 63.50 25.51
2013-06-30 152.51 54.53 15.14
2013-03-31 152.51 54.53 15.14
2012-12-31 129.56 0.00 41.10
  • carsales.com's level of debt (152.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (93.5% vs 152.9% today).
  • Debt is well covered by operating cash flow (26.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).
X
Financial health checks
We assess carsales.com's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. carsales.com has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CAR Dividends

 What is carsales.com's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.81%
Current annual income from carsales.com dividends. Estimated to be 3.19% next year.
If you bought A$2,000 of carsales.com shares you are expected to receive A$56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • carsales.com's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • carsales.com's dividend is below the markets top 25% of dividend payers in Australia (5.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Global Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 0.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CAR Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30 0.60 1.00
2022-06-30 0.58 9.00
2021-06-30 0.50 12.00
2020-06-30 0.48 12.00
2019-11-19
ASX:CAR Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-20 0.455 2.926
2019-02-12 0.442 3.304
2018-08-21 0.442 3.486
2018-02-06 0.420 2.927
2017-08-08 0.402 2.888
2017-02-07 0.382 3.326
2016-08-08 0.390 3.436
2015-08-11 0.339 3.050
2014-08-12 0.321 3.111
2013-08-13 0.283 2.670
2013-02-13 0.259 2.770
2012-08-13 0.264 3.419
2012-02-14 0.226 4.002
2011-08-15 0.210 4.358
2011-02-23 0.177 3.676
2010-08-18 0.149 3.082
2010-02-24 0.144 2.862

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of carsales.com's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess carsales.com's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can carsales.com afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. carsales.com has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CAR Management

 What is the CEO of carsales.com's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cameron McIntyre
COMPENSATION A$1,778,857
AGE 48
TENURE AS CEO 2.8 years
CEO Bio

Mr. Cameron McIntyre has been the Chief Executive Officer and Managing Director of carsales.com Ltd since March 17, 2017. Mr. McIntyre served as the Chief Operating Officer of carsales.com Ltd from October 26, 2014 to 2017. Mr. McIntyre served as the Chief Financial Officer and Secretary at carsales.com Ltd from May 2007 to October 26, 2014. Mr. McIntyre served as Joint Company Secretary of carsales.com.au Limited since July 7, 2007. He served as Finance Director at Sensis. He has over 25 years of finance and administration experience. He has been a Director of carsales.com Ltd since 2017. He served as a Non-Executive Director of iCarAsia Limited since April 26, 2013 until December 9, 2016. He has unparalleled knowledge of the business and significant experience in strategy and management. He holds Degree in Economics from La trobe University, Melbourne. Mr. Mcintyre graduated in General Management Program from Harvard Business School and is a Associate Fellow at Australian Institute of Management. He is a Certified Practicing Accountant (CPA).

CEO Compensation
  • Cameron's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Cameron's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the carsales.com management team in years:

2.7
Average Tenure
  • The tenure for the carsales.com management team is about average.
Management Team

Cameron McIntyre

TITLE
MD, CEO & Director
COMPENSATION
A$2M
AGE
48
TENURE
2.8 yrs

Wal Pisciotta

TITLE
Co-Founder & Non Executive Director
COMPENSATION
A$143K
AGE
69

Ajay Bhatia

TITLE
Managing Director of Consumer Business
COMPENSATION
A$1M
TENURE
2.7 yrs

Paul Barlow

TITLE
Managing Director of International
COMPENSATION
A$792K
TENURE
2.7 yrs

Simon Ryan

TITLE
Managing Director Commercial Business
COMPENSATION
A$734K
TENURE
0.8 yrs

William Elliot

TITLE
Acting Chief Financial Officer
TENURE
0.1 yrs

Jason Blackman

TITLE
Chief Information Officer
TENURE
2.7 yrs

Nicole Birman

TITLE
General Counsel & Company Secretary
TENURE
5.1 yrs

Will Clarke

TITLE
Communications & PR Manager

Kellie Cordner

TITLE
Chief Marketing Officer
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the carsales.com board of directors in years:

3.2
Average Tenure
57.5
Average Age
  • The tenure for the carsales.com board of directors is about average.
Board of Directors

Pat O'Sullivan

TITLE
Independent Chairman
COMPENSATION
A$280K
AGE
55
TENURE
0.8 yrs

Cameron McIntyre

TITLE
MD, CEO & Director
COMPENSATION
A$2M
AGE
48
TENURE
2.8 yrs

Wal Pisciotta

TITLE
Co-Founder & Non Executive Director
COMPENSATION
A$143K
AGE
69
TENURE
23.4 yrs

Kim Elizabeth Anderson

TITLE
Independent Non-Executive Director
COMPENSATION
A$190K
AGE
60
TENURE
9.4 yrs

Edwina Gilbert

TITLE
Non-Executive Director
COMPENSATION
A$181K
TENURE
3.6 yrs

David Wiadrowski

TITLE
Non-Executive Director
COMPENSATION
A$23K
TENURE
0.5 yrs

Kee Wong

TITLE
Non-Executive Director
COMPENSATION
A$154K
TENURE
1.3 yrs

Steve Kloss

TITLE
Alternate Non-Executive Director
TENURE
14.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by carsales.com individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
18. Nov 19 Sell Pinnacle Investment Management Limited Company 13. Sep 19 15. Nov 19 -665,170 A$15.65 A$-10,407,156
18. Nov 19 Buy Pinnacle Investment Management Limited Company 10. Sep 19 12. Nov 19 248,456 A$15.63 A$3,883,790
07. Oct 19 Buy David Wiadrowski Individual 04. Oct 19 04. Oct 19 920 A$15.07 A$13,864
16. Sep 19 Buy David Wiadrowski Individual 13. Sep 19 13. Sep 19 1,000 A$15.65 A$15,650
11. Sep 19 Sell Hyperion Asset Management Limited Company 17. Feb 18 09. Sep 19 -1,957,193 A$15.16 A$-29,348,684
10. Sep 19 Sell Pinnacle Investment Management Limited Company 09. May 19 09. Sep 19 -5,914,450 A$15.36 A$-90,827,665
10. Sep 19 Buy Pinnacle Investment Management Limited Company 10. May 19 09. Sep 19 1,659,253 A$14.89 A$24,706,504
09. Aug 19 Buy Yarra Funds Management Limited Company 09. Apr 19 07. Aug 19 1,167,610 A$13.04 A$15,229,727
04. Jun 19 Sell The Vanguard Group, Inc. Company 01. Feb 19 29. May 19 -123,682 A$13.88 A$-1,716,181
04. Jun 19 Buy The Vanguard Group, Inc. Company 05. Feb 19 30. May 19 601,344 A$13.91 A$8,364,695
30. May 19 Sell Yarra Funds Management Limited Company 10. Apr 19 28. May 19 -741,047 A$13.78 A$-10,208,046
30. May 19 Buy Yarra Funds Management Limited Company 10. Apr 19 28. May 19 487,220 A$13.10 A$6,381,091
27. Mar 19 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 22. Mar 19 22. Mar 19 -10,554 A$12.59 A$-504
27. Mar 19 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 22. Mar 19 22. Mar 19 15,896 A$12.67 A$0
27. Mar 19 Sell Macquarie Investment Management Limited Company 22. Mar 19 22. Mar 19 -1,232 A$12.50 A$-15,396
27. Mar 19 Buy Macquarie Investment Management Limited Company 22. Mar 19 22. Mar 19 980 A$12.61 A$12,358
26. Mar 19 Sell Macquarie Investment Management Limited Company 23. Nov 18 21. Mar 19 -485,233 A$13.04 A$0
26. Mar 19 Buy Macquarie Investment Management Limited Company 22. Nov 18 19. Mar 19 292,177 A$12.87 A$0
26. Mar 19 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 22. Nov 18 21. Mar 19 -3,297,212 A$13.23 A$0
26. Mar 19 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 22. Nov 18 21. Mar 19 3,200,871 A$13.16 A$0
26. Mar 19 Sell Macquarie Capital Investment Management LLC Company 13. Feb 19 15. Mar 19 -16,125 A$12.83 A$0
22. Feb 19 Sell Pinnacle Investment Management Limited Company 17. Dec 18 30. Jan 19 -48,076 A$12.00 A$-576,681
22. Feb 19 Buy Pinnacle Investment Management Limited Company 18. Dec 18 19. Feb 19 2,641,940 A$11.52 A$30,424,492
19. Feb 19 Buy Kee Wong Individual 14. Feb 19 14. Feb 19 4,395 A$11.40 A$50,082
18. Dec 18 Sell Pinnacle Investment Management Limited Company 05. Dec 18 05. Dec 18 -39,090 A$11.82 A$-462,196
18. Dec 18 Buy Pinnacle Investment Management Limited Company 05. Dec 18 12. Dec 18 2,680,410 A$11.20 A$30,018,948
07. Dec 18 Sell Pinnacle Investment Management Limited Company 14. Mar 18 30. Nov 18 -1,244,438 A$14.31 A$-17,811,042
07. Dec 18 Buy Pinnacle Investment Management Limited Company 22. May 18 05. Dec 18 4,980,699 A$12.09 A$60,218,000
X
Management checks
We assess carsales.com's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. carsales.com has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CAR News

Simply Wall St News

What Should We Expect From carsales.com Ltd's (ASX:CAR) Earnings In The Years Ahead?

Below, I've laid out key numbers on how market analysts view carsales.com's earnings growth outlook over the next few years and whether the future looks brighter. … Check out our latest analysis for carsales.com Market analysts' prospects for this coming year seems rather muted, with earnings growing by a single digit 2.0%. … ASX:CAR Past and Future Earnings, August 30th 2019 Even though it’s useful to understand the growth rate each year relative to today’s figure, it may be more valuable gauging the rate at which the business is rising or falling every year, on average.

Simply Wall St -

Why carsales.com Ltd’s (ASX:CAR) Return On Capital Employed Is Impressive

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for carsales.com: 0.22 = AU$188m ÷ (AU$926m - AU$65m) (Based on the trailing twelve months to December 2018.) Therefore, carsales.com has an ROCE of 22%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

carsales.com (ASX:CAR) Shareholders Booked A 25% Gain In The Last Five Years

For example, the carsales.com Ltd (ASX:CAR) share price is up 25% in the last 5 years, clearly besting than the market return of around 9.9% (ignoring dividends). … During five years of share price growth, carsales.com achieved compound earnings per share (EPS) growth of 8.1% per year. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.

Simply Wall St -

We Think carsales.com (ASX:CAR) Can Stay On Top Of Its Debt

We note that carsales.com Ltd (ASX:CAR) does have debt on its balance sheet. … The first step when considering a company's debt levels is to consider its cash and debt together. … This free cash flow puts the company in a good position to pay down debt, when appropriate.

Simply Wall St -

How Should Investors React To carsales.com Ltd's (ASX:CAR) CEO Pay?

Cameron McIntyre became the CEO of carsales.com Ltd (ASX:CAR) in 2017. … Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. … With a total shareholder return of 28% over three years, carsales.com Ltd shareholders would, in general, be reasonably content.

Simply Wall St -

Is carsales.com Ltd's (ASX:CAR) Future Growth Already Accounted For In Today's Price?

carsales.com Ltd (ASX:CAR) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of A$13.76 is based on unrealistic expectations. … But, to properly examine the value of a high-growth stock such as carsales.com, we must reflect its earnings growth into the valuation. … This tells us that when we include its growth in our analysis carsales.com's stock can be considered slightly overvalued , based on the fundamentals.

Simply Wall St -

Do You Like carsales.com Ltd (ASX:CAR) At This P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for carsales.com: P/E of 24.48 = A$13.7 ÷ A$0.56 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each A$1 of company earnings. … The P/E ratio indicates whether the market has higher or lower expectations of a company.

Simply Wall St -

Do Insiders Own Shares In carsales.com Ltd (ASX:CAR)?

With a market capitalization of AU$3.3b, carsales.com is a decent size, so it is probably on the radar of institutional investors. … Check out our latest analysis for carsales.com ASX:CAR Ownership Summary, June 3rd 2019 What Does The Institutional Ownership Tell Us About carsales.com? … Our most recent data indicates that insiders own some shares in carsales.com Ltd.

Simply Wall St -

Should You Like carsales.com Ltd’s (ASX:CAR) High Return On Capital Employed?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for carsales.com: 0.22 = AU$188m ÷ (AU$926m - AU$65m) (Based on the trailing twelve months to December 2018.) So, carsales.com has an ROCE of 22%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

carsales.com Ltd (ASX:CAR) Delivered A Better ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every A$1 worth of shareholders' equity, it generated A$0.47 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

CAR Company Info

Description

carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia. It operates in Online Advertising Services; Data, Research and Services; Latin America; and Asia segments. The Online Advertising Services segment offers classified advertising that allows dealers and consumers to advertise automotive and non-automotive goods and services for sale across the carsales network; and services, including subscriptions, lead fees, and priority placement services on automotive and non-automotive Websites. It also provides display advertising services, such as placing advertisements on carsales network Websites for corporate customers comprising automotive manufacturers/importers, and finance and insurance companies. In addition, this segment holds investments in tyresales.com.au, an online tire retailer that allows consumers to transact and purchase tires; and RedBook Inspect, which provides inspection services published online as part of classified advertisements. The Data, Research and Services segment offers software, analysis, research and reporting, valuation, and Website development and hosting services, as well as photography services to manufacturers/importers, dealers, industry bodies, and finance and insurance companies. The Latin America segment is involved in the online automotive classifieds activities. The Asia segment provides online automotive classifieds and automotive data services. carsales.com Ltd was founded in 1997 and is headquartered in Melbourne, Australia.

Details
Name: carsales.com Ltd
CAR
Exchange: ASX
Founded: 1997
A$3,972,451,021
245,213,026
Website: http://www.carsales.com.au
Address: carsales.com Ltd
449 Punt Road,
Level 4,
Melbourne,
Victoria, 3121,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CAR Ordinary Shares Australian Securities Exchange AU AUD 10. Sep 2009
OTCPK CSSS.F Ordinary Shares Pink Sheets LLC US USD 10. Sep 2009
DB WN6 Ordinary Shares Deutsche Boerse AG DE EUR 10. Sep 2009
CHIA CAR Ordinary Shares Chi-X Australia AU AUD 10. Sep 2009
OTCPK CSXX.Y UNSPONSOD ADR Pink Sheets LLC US USD 08. Feb 2012
Number of employees
Current staff
Staff numbers
0
carsales.com employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:35
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/08/20
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.