Reported Earnings • Aug 05
Second quarter 2022 earnings released: US$0.03 loss per share (vs US$0.27 profit in 2Q 2021) Second quarter 2022 results: US$0.03 loss per share (down from US$0.27 profit in 2Q 2021). Revenue: US$15.2m (down 3.1% from 2Q 2021). Net loss: US$321.4k (down 112% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 101% share price gain to US$12.86, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 20x in the Household Products industry in the US. Total returns to shareholders of 298% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: US$0.14 (vs US$0.20 in 1Q 2021) First quarter 2022 results: EPS: US$0.14 (down from US$0.20 in 1Q 2021). Revenue: US$12.7m (down 3.0% from 1Q 2021). Net income: US$1.30m (down 32% from 1Q 2021). Profit margin: 10% (down from 14% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Kim Krause was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: US$0.89 (vs US$1.02 in FY 2020) Full year 2021 results: EPS: US$0.89 (down from US$1.02 in FY 2020). Revenue: US$64.3m (up 16% from FY 2020). Net income: US$8.40m (down 13% from FY 2020). Profit margin: 13% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$9.50, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 24x in the Household Products industry in the US. Total returns to shareholders of 182% over the past three years. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS US$0.34 (vs US$0.49 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$21.5m (up 12% from 3Q 2020). Net income: US$3.27m (down 30% from 3Q 2020). Profit margin: 15% (down from 24% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS US$0.27 (vs US$0.36 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$31.4m (up 100% from 2Q 2020). Net income: US$6.69m (up 94% from 2Q 2020). Profit margin: 21% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$8.99, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 21x in the Household Products industry in the US. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to US$13.00, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Household Products industry in the US. Total returns to shareholders of 261% over the past three years. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 16% share price gain to US$12.83, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 18x in the Household Products industry in the US. Total returns to shareholders of 269% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS US$0.20 (vs US$0.066 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$13.1m (up 68% from 1Q 2020). Net income: US$1.90m (up 204% from 1Q 2020). Profit margin: 14% (up from 8.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 50% per year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 19% share price gain to US$14.17, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 20x in the Household Products industry in the US. Total returns to shareholders of 308% over the past three years. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS US$1.02 (vs US$0.37 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$55.6m (up 32% from FY 2019). Net income: US$9.62m (up 175% from FY 2019). Profit margin: 17% (up from 8.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 49% per year. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 16% share price gain to US$12.50, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.9x. This compares to an average P/E of 21x in the Household Products industry in the US. Total returns to shareholders over the past three years are 239%. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to US$10.32, the stock is trading at a trailing P/E ratio of 10.4x, down from the previous P/E ratio of 13x. This compares to an average P/E of 19x in the Household Products industry in the US. Total returns to shareholders over the past three years are 177%. Is New 90 Day High Low • Feb 18
New 90-day low: US$10.32 The company is down 20% from its price of US$12.86 on 19 November 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is down 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: US$12.17 The company is down 20% from its price of US$15.22 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Household Products industry, which is flat over the same period. Recent Insider Transactions • Dec 31
Board Member recently sold US$120k worth of stock On the 29th of December, Gregor Dornau sold around 9k shares on-market at roughly US$14.07 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$464k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 21
Market pulls back on stock over the past week After last week's 18% share price decline to US$12.43, the stock is trading at a trailing P/E ratio of 12.5x, down from the previous P/E ratio of 15.3x. This compares to an average P/E of 24x in the Household Products industry in the US. Total returns to shareholders over the past three years are 209%. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS US$0.49 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$19.2m (up 53% from 3Q 2019). Net income: US$4.66m (up 314% from 3Q 2019). Profit margin: 24% (up from 9.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Market pulls back on stock over the past week After last week's 26% share price decline to US$12.50, the stock is trading at a trailing P/E ratio of 20.1x, down from the previous P/E ratio of 27.1x. This compares to an average P/E of 23x in the Household Products industry in the US. Total returns to shareholders over the past three years are 212%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 17% share price gain to US$17.48, the stock is trading at a trailing P/E ratio of 28.2x, up from the previous P/E ratio of 24.1x. This compares to an average P/E of 26x in the Household Products industry in the US. Total returns to shareholders over the past three years are 280%. Recent Insider Transactions • Sep 18
COO, VP recently sold US$72k worth of stock On the 16th of September, William Dudman sold around 5k shares on-market at roughly US$15.50 per share. In the last 3 months, there was an even bigger sale from another insider worth US$90k. William has been a seller over the last 12 months, reducing personal holdings by US$154k. 
