Professional
Added to YB: 2025-07-04
Pitch date: 2025-07-03
ERD.AX [neutral]
EROAD Limited
Author Info
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Company Info
EROAD Limited provides electronic on-board units and software as a service to the transport industry in New Zealand, the United States, and Australia.
Market Cap
NZD 261.9M
Pitch Price
N/A
Price Target
3.90
Dividend
N/A
EV/EBITDA
9.14
P/E
191.81
EV/Sales
1.44
Sector
Electronic Equipment, Instruments and Components
Category
growth
TAMIM Fund - Australia All Cap Unit Class Portfolio Holding: EROAD Limited
ERD.AX (holding update): FY25 rev +6.8% to $194.4m, ARR +6.1% to $175.1m, EBIT $5.9m, NPAT $1.4m, FCF $16m. 92.5% retention, enterprise clients now 54% of ARR. FY26 guidance: $205m rev, $188m ARR, 8-10% FCF yield. 5 large contracts pending. At $250m cap, 1.4x ARR, 12x FCF, we see 200% upside in 12-18 months.
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