How to buy Thorn Group (TGA) shares
Learn how to easily invest in Thorn Group shares.
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Thorn Group is a rental & leasing services business based in Australia. Thorn Group shares (TGA) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Thorn Group has a trailing 12-month revenue of around $17.3 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Thorn 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 Thorn Group . Find the share by name or ticker symbol: TGA. 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 Thorn 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 Thorn 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?
Thorn Group stock price (ASX:TGA)Use our graph to track the performance of TGA stocks over time.
Thorn Group shares at a glance
|52-week range||$0.1474 - $0.287|
|50-day moving average||$0.2554|
|200-day moving average||$0.2472|
|Dividend yield||$0.01 (4%)|
|Earnings per share (TTM)||$0.095|
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Is it a good time to buy Thorn 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.
Thorn Group price performance over time
|1 week (2022-06-24)||2.08%|
|1 month (2022-06-02)||-3.92%|
|3 months (2022-04-01)||-9.26%|
|6 months (2021-12-31)||-15.52%|
|1 year (2021-07-02)||16.67%|
|2 years (2020-07-02)||172.22%|
|3 years (2019-07-02)||-10.55%|
|5 years (2017-06-30)||-81.73%|
Is Thorn Group under- or over-valued?
Valuing Thorn Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Thorn Group 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Thorn Group 's P/E ratio
Thorn 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 3x. In other words, Thorn Group shares trade at around 3x 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.
Thorn Group 's EBITDA
Thorn Group 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.9 million (£0.0 million).
The EBITDA is a measure of a Thorn Group 's overall financial performance and is widely used to measure a its profitability.
Thorn Group financials
|Revenue TTM||$17.3 million|
|Operating margin TTM||113.55%|
|Gross profit TTM||$37.4 million|
|Return on assets TTM||5.22%|
|Return on equity TTM||12.93%|
|Market capitalisation||$83.1 million|
TTM: trailing 12 months
Thorn Group share dividends
Dividend payout ratio: 112.5% of net profits
Recently Thorn Group has paid out, on average, around 112.5% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Thorn Group shareholders could enjoy a 4% return on their shares, in the form of dividend payments. In Thorn Group 's case, that would currently equate to about A$0.01 per share.
Thorn Group 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 6 July 2022 (the "ex-dividend date").
Thorn Group share price volatility
Over the last 12 months, Thorn Group 's shares have ranged in value from as little as $0.1474 up to $0.287. 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 Thorn Group 's is 2.422. This would suggest that Thorn Group 's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Thorn Group overview
Thorn Group Limited, a diversified financial services company, provides alternate consumer and commercial leasing products, and consumer and commercial financing solutions. It is involved in the leasing of household products to consumers; and provision of commercial finance to small and medium size enterprises. Thorn Group Limited was founded in 1937 and is based in Sydney, Australia.
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Thorn Group in the news
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