Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
EROAD Limited, established in 2000 and headquartered in Auckland, New Zealand, provides the global transport sector with electronic telematics devices and cloud-based software solutions. Serving clients across New Zealand, Australia, and the United States, its offerings aim to streamline compliance with road user charges, thereby minimizing both time and financial outlay. The company's products also assist businesses in fulfilling their Health and Safety at Work Act obligations and mitigating related risks, alongside delivering robust fleet management tools. Additionally, EROAD designs and manufactures its own in-vehicle hardware, manages secure payment and merchant gateway services, and offers various supplementary web-based functionalities.
Company Valuation
Considering past and projected metrics, the stock is slightly 'cheaper' than its peers. Specifically, the stock is undervalued on EV/EBITDA, overpriced on P/FC.
Target Price
The average target price of ERD.AX is 1.60 and suggests 95.1% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in