Thorn Group (TGA.AX) Stock Price

Thorn Group Price

Delisted
1.17AUD
Last traded price

Revenue at Thorn Group has contracted by 8.2% per year over the past 19 years to 15.33 M AUD. Earnings per share have grown at 5.2% per year over the last 19 years. Thorn Group's net margin stands at 16.5%, up from -6.7% several years earlier. Thorn Group currently offers a dividend yield of about 45.62%. The payout ratio is around 759% of earnings. The dividend has grown at 17.7% per year over the past 16 years.

Thorn Group stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Thorn Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Thorn Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Thorn Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Thorn Group Stock Price History
DateThorn Group Price
Access this data via the Eulerpool API

Thorn Group Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2016
289.35 M AUD
64.95 M AUD
18.16 M AUD
Jan 1, 2017
277.60 M AUD
60.57 M AUD
25.31 M AUD
Jan 1, 2018
234.28 M AUD
54.42 M AUD
-2.21 M AUD
Jan 1, 2019
221.86 M AUD
14.71 M AUD
-14.97 M AUD
Jan 1, 2020
204.30 M AUD
-18.24 M AUD
-81.07 M AUD
Jan 1, 2021
33.44 M AUD
6.32 M AUD
8.40 M AUD
Jan 1, 2022
17.30 M AUD
18.59 M AUD
32.35 M AUD
Jan 1, 2023
15.33 M AUD
7.82 M AUD
2.54 M AUD

Thorn Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 25, 2026, 3:11 AM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM AUD
EBITM AUD
EBIT MARGIN%
NET INCOMEM AUD
NET INCOME GROWTH%
DIV.AUD
DIV. GROWTH%
SHARESM
2008200920102011201220132014201520162017201820192020202120222023
116.00127.00145.00157.00188.00203.00234.00293.00289.00277.00234.00221.00204.0033.0017.0015.00
14.859.4814.178.2819.757.9815.2725.21-1.37-4.15-15.52-5.56-7.69-83.82-48.48-11.76
61.2159.8459.3163.0688.3087.1983.7675.4374.0569.6874.3670.1470.59436.36847.06960.00
71.0076.0086.0099.00166.00177.00196.00221.00214.00193.00174.00155.00144.00144.00144.00144.00
15.0017.0024.0032.0043.0042.0043.0048.0064.0060.0054.0014.00-18.006.0018.007.00
12.9313.3916.5520.3822.8720.6918.3816.3822.1521.6623.086.33-8.8218.18105.8846.67
10.0012.0019.0022.0027.0028.0028.0030.0018.0025.00-2.00-14.00-81.008.0032.002.00
66.6720.0058.3315.7922.733.707.14-40.0038.89-108.00600.00478.57-109.88300.00-93.75
0.060.080.100.130.140.150.090.170.140.110.010.110.280.53
50.0033.3325.0030.007.697.14-40.0088.89-17.65-21.43-90.9189.29
138.70138.70138.70138.40155.10155.50157.60159.29161.7016.5516.8516.9624.0632.9234.0334.52
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Thorn Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Thorn Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Thorn Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Thorn Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Thorn Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Thorn Group stock margins

The Thorn Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Thorn Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Thorn Group.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
74.04 %
22.45 %
6.28 %
Jan 1, 2017
69.74 %
21.82 %
9.12 %
Jan 1, 2018
74.66 %
23.23 %
-0.94 %
Jan 1, 2019
69.94 %
6.63 %
-6.75 %
Jan 1, 2020
70.63 %
-8.93 %
-39.68 %
Jan 1, 2021
70.63 %
18.90 %
25.11 %
Jan 1, 2022
70.63 %
107.49 %
187.01 %
Jan 1, 2023
70.63 %
51.01 %
16.55 %

Thorn Group Stock Revenue, EBIT, Earnings per Share

The Thorn Group earnings per share therefore indicates how much revenue Thorn Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
1.79 AUD
0.40 AUD
0.11 AUD
Jan 1, 2017
16.78 AUD
3.66 AUD
1.53 AUD
Jan 1, 2018
13.91 AUD
3.23 AUD
-0.13 AUD
Jan 1, 2019
13.08 AUD
0.87 AUD
-0.88 AUD
Jan 1, 2020
8.49 AUD
-0.76 AUD
-3.37 AUD
Jan 1, 2021
1.02 AUD
0.19 AUD
0.26 AUD
Jan 1, 2022
0.51 AUD
0.55 AUD
0.95 AUD
Jan 1, 2023
0.44 AUD
0.23 AUD
0.07 AUD

Thorn Group business model & stock analysis

Thorn Group Ltd is an Australian company that was founded in 1937. Since then, it has become one of the leading providers of financial and rental services in Australia. The company's origins lie in the sale of small appliances such as radios and televisions, sold to customers on installment plans. Over time, Thorn also expanded into other areas such as furniture and appliance rentals. Today, Thorn Rentals and its associated brand name Radio Rentals are just part of Thorn's wide range of services. The company also operates Thorn Finance, Thorn Trade and Asset Finance, and National Credit Management Ltd. Thorn's business model primarily involves offering financial and rental services to customers in Australia and New Zealand. These services range from financing consumer goods to renting furniture and household appliances. In its rental business, Thorn offers a wide range of furniture and appliances that customers can rent on a long-term basis. This rental business allows customers to use or own products that they otherwise could not afford. In the field of financial services, Thorn offers various credit options. For example, customers can purchase electronic devices on installment plans or apply for a loan to finance a car. In addition, the company also offers trade finance and leasing services that allow customers to conduct their businesses in a legally secure manner. One important division of Thorn is the Asset Finance sector. Here, the company provides tailored commercial leasing solutions to meet its customers' needs. This division specifically targets small to medium-sized businesses and the agriculture sector. Thorn is headquartered in Sydney, Australia, and has been listed on the Australian stock exchange since 2006. The company employs approximately 1,000 people and operates more than 70 branches in Australia and New Zealand. The products offered by Thorn include household appliances such as refrigerators, washing machines, and dryers, as well as entertainment electronics such as televisions, hi-fi systems, and computers. In addition, Thorn also offers furniture, including beds, sofas, and dining room furniture. In the automotive sector, Thorn offers a wide range of financing solutions, including car loans and leasing options. Additionally, the company also provides warranties and insurance policies that offer customers a high level of protection. Overall, Thorn Group Ltd has established itself as one of the leading companies in Australia and New Zealand in the finance and rental sectors. With a wide range of services and a strong focus on meeting the needs of its customers, the company will remain an important player in the Australian market in the future.

Thorn Group SWOT Analysis

Strengths

Thorn Group Ltd possesses several key strengths:

  • Strong brand recognition and reputation in the market.
  • Diversified product portfolio offering a range of consumer financial services.
  • Established network of retail stores and distribution channels.
  • Strong customer base and loyalty.

Weaknesses

Thorn Group Ltd has a few areas that can be considered as weaknesses:

  • Heavy reliance on consumer spending and economic conditions.
  • High levels of competition in the industry.
  • Potential vulnerabilities to regulatory changes and compliance requirements.
  • Limited geographic presence.

Opportunities

Thorn Group Ltd can take advantage of the following opportunities:

  • Expanding into new markets and regions.
  • Growth potential in emerging technologies and digital platforms.
  • Increasing demand for consumer financing options.
  • Potential partnerships to enhance product offering.

Threats

Thorn Group Ltd faces the following potential threats:

  • Economic downturn affecting consumer spending and demand.
  • Rapid technological advancements leading to obsolescence of current offerings.
  • Intense competition and price wars impacting profit margins.
  • Changing regulatory landscape and compliance requirements.

Thorn Group Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Thorn Group historical P/E ratio, EBIT multiple, and P/S ratio

Thorn Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Thorn Group shares outstanding

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
161.70 M Stocks
Jan 1, 2017
16.55 M Stocks
Jan 1, 2018
16.85 M Stocks
Jan 1, 2019
16.96 M Stocks
Jan 1, 2020
24.06 M Stocks
Jan 1, 2021
32.92 M Stocks
Jan 1, 2022
34.03 M Stocks
Jan 1, 2023
34.52 M Stocks

Thorn Group Dividend History

16 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20230.53AUD 91.8%
20220.28AUD 1,840.0%
20210.01AUD 86.7%
20200.11AUD 650.0%
20180.01AUD 87.5%
20170.11AUD 17.5%
20160.14AUD 17.4%
20150.17AUD 80.8%
20140.09AUD 38.1%
20130.15AUD 5.0%

Thorn Group dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2016
1,107.16 %
Jan 1, 2017
71.01 %
Jan 1, 2018
-103.78 %
Jan 1, 2019
369.35 %
Jan 1, 2020
-31.80 %
Jan 1, 2021
57.14 %
Jan 1, 2022
291.73 %
Jan 1, 2023
759.18 %
Price targets and forecasts for Thorn Group are not yet available.

EESG©

Eulerpool ESG Scorecard© for the Thorn Group stock

40/100
44
Environment
42
Social
34
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Thorn Group shareholder structure

% Name
49.70065%
ICM Limited
ICM Limited
7.27679%
Moat Investments Pty. Ltd.
Moat Investments Pty. Ltd.
3.19701%
Martin (Sean Patrick)
Martin (Sean Patrick)
2.49124%
Ace Property Holdings Pty. Ltd.
Ace Property Holdings Pty. Ltd.
1.59908%
Yang (Li Sheng Sunny)
Yang (Li Sheng Sunny)
1.16423%
Jet Invest Pty. Ltd.
Jet Invest Pty. Ltd.

Thorn Group Executives and Management Board

PL

Mr. Peter Lirantzis

Chief Executive Officer

Compensation792,209.00 AUD
LO

Mr. Luis Orp

Chief Financial Officer

Compensation261,351.00 AUD
AR

Ms. Alexandra Rose

General Counsel and Head of Risk, Company Secretary

Compensation141,166.00 AUD
WM

Mr. Warren McLeland

Non-Executive Chairman of the Board

Compensation99,392.00 AUD
PO

Mr. Paul Oneile

Non-Executive Independent Director

Compensation98,003.00 AUD

Frequently asked questions about Thorn Group

Thorn Group Ltd primarily operates in Australia and New Zealand. With a strong presence in these countries, Thorn Group Ltd has established itself as a leading provider of financial solutions and home appliances. The company's diverse range of products and services cater to the needs of customers in both regions, making it a trusted name in the industry. As a renowned stock, Thorn Group Ltd continues to expand its market reach and enhance its offerings, ensuring a solid presence in Australia and New Zealand for years to come.

All fundamentals and in-depth analysis of Thorn Group

Our stock analysis for Thorn Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Thorn Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.