19/10/2023 09:29

GUD Holdings (GUD) $11.27

Auto parts and pumps company GUD is up +48% year-to-date, helped by a strong FY23 result delivered in August; NPAT was a ~4% beat to consensus at $118.7m, with the significant contribution coming from APG, a business they acquired in FY22.

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01/09/2023 09:09

GUD Holdings (GUD) $12.14

Manufacturer of consumer and industrial products GUD returned to the winners enclosure last month surging over +20% after the successful sale of Davey Water Products cleaning up the business on many fronts. GUD’s FY23 result saw earnings roughly in line with expectations, and while the result and outlook commentary did not imply significant upgrades for FY24, the share price saw a re-rating as cash conversion exceeded expectations and gearing met the ~2.0x company target as inventory normalised.

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15/08/2023 17:10

GUD Holdings (GUD) $11.74

GUD +14.87%: the auto parts and pumps company traded to 12-month highs today after announcing its FY23 results. Revenue of $1b was in line with expectations but NPAT was a ~4% beat to consensus at $118.7m.

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08/08/2023 09:34

GUD Holdings Ltd (GUD) $10.37

GUD was the best performer on the ASX200 on Monday closing up +3.9% after selling its Davey Water Products pumps business for $65m, thus enabling the company to become a pure-play automotive products company which is looking to position itself for the rise of EVs.

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04/05/2023 09:27

G.U.D Holdings Ltd (GUD) $9.43

GUD Holdings (GUD) owns and manages a diverse group of businesses selling branded manufactured products in Australia and New Zealand. The company operates several of Australia's most established and well-recognised consumer and industrial brands, including Sunbeam appliances, Ryco filters, Davey pumps and Oates cleaning accessories. The stocks trading on an 11x FY24e P/E as the market continues to price in earnings downside risk and/or balance sheet risk. In our view, GUD can deliver against relatively conservative FY23/24e consensus expectations.

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16/02/2023 09:16

GUD Holdings (GUD) $8.94

The stock closed up +8.1% yesterday after reporting a +55.7% lift in revenue and a +88.5% increase in NPAT plus a 17c fully franked dividend to be paid later this month. Strength in its core automotive business delivered a stronger-than-forecast result helped by low inventory levels and strong order books into Q4.

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24/01/2023 09:25

2 GUD Holdings Ltd (GUD) $8.20

GUD Holdings Limited owns a portfolio of companies in the automotive aftermarket and water products sectors, they downgraded earnings last June and the stock hasn’t recovered since in line with the trend through 2022 where the market simply didn’t tolerate earnings misses. At the time supply chain issues and the slowing new car market was blamed so, in theory, this should be improving which is why the stock has crossed our radar.

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17/06/2022 16:52

GUD Holdings (GUD) $7.73

GUD -19.56%: the auto parts business downgraded guidance in an announcement aftermarket yesterday, sending shares to a 2 year low today. EBIT is expected to come in around $147m at the FY22 result, a 6% downgrade from the $155-160m guidance reconfirmed around 2 months ago. They blamed supply chain issues and a slow new car market, also impacted by supply. Costs have also been on the rise...

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10/06/2022 09:16

G.U.D Holdings Ltd (GUD)

G.U.D manufactures industrial goods such as electrical appliances, auto parts and water systems hence it benefits from high levels of discretionary spending which is not the case today hence the obvious question being why have UBS included it in their list. The company has coped extremely well with supply chain / China disruptions with elevated inventories helping insulate the business, UBS believe the stocks...

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04/11/2021 09:17

GUD Holdings (GUD) $12.39

Industrial products manufacturer GUD sprang back to life in October following a trading update which included confirmation that demand for its products, which include aftermarket auto parts & water products had remained firm through COVID lockdowns. The stocks trading on a reasonable valuation and its reliable yield of more than 5% fully franked...

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