I would like to see AHG share more data on the drivers of their profit in there presentations & annual reports. 3.3% EBITDA (2017) = 96.7% expense. Where can you find data on the effectiveness of their cost structure?
Only 3% of the $1.7B revenue growth (FY17 vs FY13) made it to Operating EBITDA. Given that 86% of revenue comes from automotive retailing unit it would be useful to get the breakdown of results as they are split out under principal activities (ie new/used vehicle sales, finance & insurance, vehicle service, replacement parts).
AHG Price at posting:
$3.36 Sentiment: Hold Disclosure: Held
