How to buy Coventry Group (CYG) shares
Learn how to easily invest in Coventry Group shares.
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Coventry Group is an industrial distribution business based in Australia. Coventry Group shares (CYG) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Coventry Group has a trailing 12-month revenue of around $307.7 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Coventry Group
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Coventry Group . Find the share by name or ticker symbol: CYG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Coventry Group reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Coventry Group . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
What's in this guide?
- Coventry Group key stats
- Compare share trading platforms
- Is Coventry Group stock a buy or sell?
- Coventry Group performance over time
- Are Coventry Group shares over-valued?
- Coventry Group 's financials
- How volatile are Coventry Group shares?
- Does Coventry Group pay a dividend?
- Have Coventry Group shares ever split?
- Other common questions
Coventry Group stock price (ASX:CYG)Use our graph to track the performance of CYG stocks over time.
Coventry Group shares at a glance
|52-week range||$1.105 - $1.85|
|50-day moving average||$1.352|
|200-day moving average||$1.5393|
|Dividend yield||$0.03 (2.58%)|
|Earnings per share (TTM)||$0.093|
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Coventry Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Coventry Group price performance over time
|1 week (2022-06-16)||-2.93%|
|1 month (2022-05-26)||-8.66%|
|3 months (2022-03-25)||-25.64%|
|6 months (2021-12-24)||-30.12%|
|1 year (2021-06-25)||-18.88%|
|2 years (2020-06-26)||91.74%|
|3 years (2019-06-26)||35.67%|
|5 years (2017-06-26)||110.07%|
Is Coventry Group under- or over-valued?
Valuing Coventry Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Coventry Group 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Coventry Group 's P/E ratio
Coventry Group 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Coventry Group shares trade at around 13x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Coventry Group 's EBITDA
Coventry Group 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $10.2 million (£0.0 million).
The EBITDA is a measure of a Coventry Group 's overall financial performance and is widely used to measure a its profitability.
Coventry Group financials
|Revenue TTM||$307.7 million|
|Operating margin TTM||2.67%|
|Gross profit TTM||$110.2 million|
|Return on assets TTM||2.14%|
|Return on equity TTM||7.94%|
|Market capitalisation||$107.4 million|
TTM: trailing 12 months
Coventry Group share dividends
Dividend payout ratio: 37.5% of net profits
Recently Coventry Group has paid out, on average, around 37.5% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.58% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Coventry Group shareholders could enjoy a 2.58% return on their shares, in the form of dividend payments. In Coventry Group 's case, that would currently equate to about A$0.03 per share.
While Coventry Group 's payout ratio might seem fairly standard, it's worth remembering that Coventry Group may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 29 September 2021 (the "ex-dividend date").
Have Coventry Group 's shares ever split?
Coventry Group 's shares were split on 11 November 1993.
Coventry Group share price volatility
Over the last 12 months, Coventry Group 's shares have ranged in value from as little as $1.105 up to $1.85. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Coventry Group 's is 1.2608. This would suggest that Coventry Group 's shares are more volatile than the average for this exchange and represent, relatively speaking, a higher risk (but potentially also market-beating returns).
Coventry Group overview
Coventry Group Ltd primarily distributes industrial products in Australia and New Zealand. It operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial fasteners, stainless steel fasteners, industrial hardware, construction fasteners, specialized fastener products and systems, and associated industrial tools and consumables. It also imports, distributes, and markets hardware, components, and finished products to the commercial cabinet making, joinery, and shop fitting industries. The Fluids Systems segment designs and installs lubrication systems; distributes hoses, connectors, fittings, and hydraulic hose assemblies; designs and supplies service truck components; installs fire suppression systems; designs and distributes fluid handling systems, as well as sells pneumatic components, and hydraulic associated products and consumables; and services and repairs rock hammers. Coventry Group Ltd was incorporated in 1936 and is headquartered in Thomastown, Australia.
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