The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 115.4M (2021) → 157.8M (2025)
National Tyre & Wheel Limited, operating through its subsidiaries, focuses on the marketing and distribution of a wide array of motor vehicle components, including tires, wheels, inner tubes, and related accessories. Its operations are established across Australia, New Zealand, and South Africa. The company offers a comprehensive product range that encompasses tires for trucks, buses, 4WDs, agricultural vehicles, and off-the-road equipment, in addition to industrial and budget tire options. They also provide 4WD wheels and original equipment tires and wheel assemblies. Founded in 1989, the firm is headquartered in Hamilton, Australia.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
-14.0% YoY
YoY Growth Rate
Revenue declining
+80.1% YoY
YoY Growth Rate
EPS growth accelerating
$0/ year
0.0% of revenue
Below sector average (4%)
Research and development spending
Cash flow positive
$23M cash & investments
Quarterly Free Cash Flow
↑ Burn rate improving
Company generates more cash than it spends — no dilution risk from fundraising
NTAW Holdings Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
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Negative ROIC means the business is losing money on every dollar invested in it.
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FCF margin between 0% and 10%. Some cash from sales, but not a lot.
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Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.
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