Fleetpartners Group Ltd (FPR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Fleetpartners Group Ltd A$7.41, price A$4.65, upside +59.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$1.62 – A$4.71 · fair‑value band A$5.55 – A$9.26 · the A$4.65 price screens below the A$7.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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FleetPartners Group Limited provides fleet management services in Australia and New Zealand. The company operates through three segments: Australia Commercial, Novated, and New Zealand Commercial. It offers vehicle fleet leasing and management, novated leasing, salary packaging, and vehicle accessories and sales solutions.
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FleetPartners Group Limited provides fleet management services in Australia and New Zealand. The company operates through three segments: Australia Commercial, Novated, and New Zealand Commercial. It offers vehicle fleet leasing and management, novated leasing, salary packaging, and vehicle accessories and sales solutions. The company also provides asset management, related financial products and services, vehicle acquisition, in-life fleet management and vehicle remarketing, and driver services under the FleetPartners brand. The company was formerly known as Eclipx Group Limited and changed its name to FleetPartners Group Limited in March 2023. FleetPartners Group Limited was founded in 1987 and is based in North Sydney, Australia.
Stock analysis
Fleetpartners Group Ltd (FPR) currently trades at A$4.65, while our model-based Fair Value estimate is A$7.41, implying the stock looks roughly 37.2% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of A$33.43 per share, and 10 of the 17 models we run sit above the A$4.65 price.
Bear case: the Asset-Based group reads lowest at A$1.98, and 7 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: A$5.55 (bear) to A$9.26 (bull), the price of A$4.65 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Fleetpartners Group Ltd reported revenue of A$786M in FY2025 versus A$432M in FY2021, a compound +16.2%/yr. Reported net income was A$75.3M in FY2025, compounding −0.2%/yr from FY2021.
Key figures
Market cap A$1.1B (≈ $746M) · P/E ratio 13.3 · P/S ratio 1.27 · EPS (TTM) A$0.3500 · Dividend yield 5.5% · Net margin 9.6% · Return on equity 12.2% · Return on assets (EBIT) 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 116% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 59%, FPR screens cheaper than that median.
Fair Value models
Bear A$5.55Fair Value A$7.41Bull A$9.26
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0937 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Start year 2020 (pandemic). Over 10 years: +7.8% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+23.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.3%
Dividend (yield on the price)5.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18% vs 8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 27%
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Rental & Leasing Services · 95 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Fleetpartners Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FPR
Frequently asked questions
Is Fleetpartners Group Ltd (FPR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$7.41 versus a price of A$4.65, about +59% upside (undervalued).
What is the fair value of FPR?
Our model-based fair value for Fleetpartners Group Ltd is A$7.41 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$4.65.
What is the quality score of FPR?
Fleetpartners Group Ltd has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Fleetpartners Group Ltd (FPR)?
Our model-based price target is the fair value of A$7.41 (as of Sep 23, 2026) from 17 valuation models. Cautious scenario A$5.55, optimistic scenario A$9.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Fleetpartners Group Ltd stock forecast for 2026?
Our models put fair value at A$7.41, about +59% upside versus a price of A$4.65 (undervalued). Cautious scenario A$5.55, optimistic scenario A$9.26. The calculation is refreshed regularly with new filings.
What is the revenue of Fleetpartners Group Ltd (FPR)?
Fleetpartners Group Ltd reported trailing-twelve-month revenue of about A$802M (latest available figure, as of Sep 23, 2026).
Does Fleetpartners Group Ltd pay a dividend?
Fleetpartners Group Ltd currently shows a dividend yield of about 5.48% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Fleetpartners Group Ltd (FPR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fleetpartners Group Ltd it is A$7.41 per share (as of Sep 23, 2026), against a price of A$4.65. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Fleetpartners Group Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, FPR trades below its calculated fair value: price A$4.65, fair value A$7.41, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FPR?
No. The price is what the market pays today (A$4.65); the fair value is what the company's own numbers justify (A$7.41). For Fleetpartners Group Ltd the two are A$2.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fleetpartners Group Ltd worth?
The market values Fleetpartners Group Ltd at about A$1.1B (market capitalisation, as of Sep 23, 2026). Per share that is A$4.65; our models calculate a fair value of A$7.41 per share.
What do the bullish and bearish scenarios say about FPR?
Our models span a range for Fleetpartners Group Ltd: cautious scenario A$5.55, base A$7.41, optimistic A$9.26 per share (as of Sep 23, 2026, price A$4.65). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FPR?
Fleetpartners Group Ltd trades at a price-to-earnings ratio of 13.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$7.41 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 12.4 (reported 13.8). Other multiples: P/B 1.2, P/S 0.9, EV/EBITDA 5.7.
How solid is the balance sheet of Fleetpartners Group Ltd (FPR)?
Balance-sheet figures for Fleetpartners Group Ltd (as of Sep 23, 2026): return on equity 12.2%, debt of 2.31 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is FPR from its 52-week high?
Fleetpartners Group Ltd trades at A$4.65, about 1% below its 52-week high of A$4.71 and 116% above the low of A$2.16 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$7.41 is for.
Which stocks are comparable to Fleetpartners Group Ltd?
From the same area (Industrials) we also value United Rentals, Inc, Sunbelt Rentals Holdings, AerCap Holdings, U-Haul Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Fleetpartners Group Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$4.65, calculated fair value A$7.41 (+59%), Quality Score 48/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FPR calculated?
We run Fleetpartners Group Ltd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$7.41, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Fleetpartners Group Ltd currently trades 59 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fleetpartners Group Ltd (FPR)?
The closing price on Sep 24, 2026 was A$4.65. Our model-based fair value is A$7.41, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fleetpartners Group Ltd right now?
The price is below even our cautious bear case (A$5.55). The market is more pessimistic than our downside scenario. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Fleetpartners Group Ltd (FPR) come from?
Earnings per share at Fleetpartners Group Ltd grew +9.2 % a year from 2015 to 2025. Broken into its drivers: revenue per share +8.0 %, EBIT margin +4.0 %, tax rate −0.2 %, residual (interest, one-offs) −2.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fleetpartners Group Ltd
How large is the market capitalisation of Fleetpartners Group Ltd (FPR)?
The market capitalisation of Fleetpartners Group Ltd is A$1.1B (≈ $746M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fleetpartners Group Ltd (FPR)?
The price-to-sales ratio of Fleetpartners Group Ltd is 1.27 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fleetpartners Group Ltd (FPR)?
Earnings per share at Fleetpartners Group Ltd are A$0.3500 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fleetpartners Group Ltd (FPR)?
The dividend yield of Fleetpartners Group Ltd is 5.5% (payout 72.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Fleetpartners Group Ltd (FPR)?
The net margin of Fleetpartners Group Ltd is 9.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fleetpartners Group Ltd (FPR)?
The return on equity (ROE) of Fleetpartners Group Ltd is 12.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fleetpartners Group Ltd (FPR)?
On an EBIT basis the return on assets of Fleetpartners Group Ltd is 3.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fleetpartners Group Ltd (FPR)?
The operating margin of Fleetpartners Group Ltd is 14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fleetpartners Group Ltd (FPR)?
Revenue at Fleetpartners Group Ltd is growing +4.1% versus a year earlier (3y avg +22.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fleetpartners Group Ltd (FPR)?
Earnings per share at Fleetpartners Group Ltd are growing +14.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fleetpartners Group Ltd (FPR) generate?
The free cash flow of Fleetpartners Group Ltd is −A$85.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fleetpartners Group Ltd (FPR) carry?
The net debt of Fleetpartners Group Ltd is A$1.5B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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