How to buy Tower shares | A$0.535

Tower Limited is an insurance—diversified business based in Australia. Tower shares (TWR) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.535 – an increase of 0.94% over the previous week. and has a market cap (total outstanding shares value) of $226 million.

How to buy shares in Tower

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Tower . Find the share by name or ticker symbol: TWR. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tower reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.535, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Tower . Optimise your portfolio by tracking how your stock — and even 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 can affect your stock.

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How has coronavirus impacted Tower 's share price?

Since the stock market crash in March caused by coronavirus, Tower 's share price has had significant negative movement.

Its last market close was $0.535, which is 25.69% down on its pre-crash value of $0.72 and 7.00% up on the lowest point reached during the March crash when the shares fell as low as $0.5.

If you had bought $1,000 worth of Tower shares at the start of February 2020, those shares would have been worth $746.27 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $798.51.

Tower share price

Use our graph to track the performance of TWR stocks over time.

Tower shares at a glance

• Key figures

Information last updated 2020-10-21.

Latest market close	AUDA$0.535
52-week range	AUDA$0.5 - AUDA$0.745
50-day moving average	AUDA$0.5344
200-day moving average	AUDA$0.556
Target price	AUDA$0.49
PE ratio	11.9011
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.015

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• Brokerage - AU shares: From AUD 5 or 0.05%
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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Tower stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. 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.

Technical Analysis of Tower Limited by TradingView

Tower price performance over time

Historical closes compared with the close of A$0.535 on 2020-10-22

1 week (2020-10-14)	0.94%
1 month (2020-09-24)	0.94%
3 months (2020-07-22)	-0.93%
6 months (2020-04-22)	-6.14%

1 year (2019-10-22)	-17.69%
2 years (2018-10-20)	N/A
3 years (2017-10-20)	-6.09%
5 years (2015-10-22)	-60.51%

Is Tower under- or over-valued?

Valuing Tower stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tower 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tower 's P/E ratio

Tower 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Tower shares trade at around 12x 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.

Tower financials

Gross profit TTM	$127.6 million
Return on assets TTM	2.71%
Return on equity TTM	6.19%
Profit margin	6.06%
Book value	0.555
Market capitalisation	$226 million

TTM: trailing 12 months

Tower share dividends

We're not expecting Tower to pay a dividend over the next 12 months.

Have Tower 's shares ever split?

Tower 's shares were split on a 10:13 basis on 2 April 2013. So if you had owned 13 shares the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Tower shares – just the quantity. However, indirectly, the new 30% higher share price could have impacted the market appetite for Tower shares which in turn could have impacted Tower 's share price.

Tower share price volatility

Over the last 12 months, Tower 's shares have ranged in value from as little as $0.5 up to $0.745. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Tower 's is 0.4969. This would suggest that Tower 's shares are less volatile than average (for this exchange).

Tower overview

Tower Limited provides general insurance products and services in New Zealand and the Pacific Islands. Its insurance products include car, house, renters', landlord, contents, business, travel, boat, motorbike, lifestyle block and farm, motorhome, and caravan or trailer insurance. The company was founded in 1869 and is based in Auckland, New Zealand.

Frequently asked questions

• What percentage of Tower is owned by insiders or institutions?

  Currently 4.005% of Tower shares are held by insiders and 39.206% by institutions.

• When does the fiscal year end for Tower ?

  Tower 's fiscal year ends in September.

• Where is Tower based?

  Tower 's address is: Tower Centre, Auckland, New Zealand, 1142