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PWR Holdings

ASX:PWH
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PWH
ASX
A$450M
Market Cap
  1. Home
  2. AU
  3. Automobiles
Company description

PWR Holdings Limited designs, engineers, produces, tests, validates, and sells customized aluminum cooling products and solutions in Australia and internationally. The last earnings update was 115 days ago. More info.


Add to Portfolio Compare Print
  • PWR Holdings has significant price volatility in the past 3 months.
PWH Share Price and Events
7 Day Returns
4.7%
ASX:PWH
-2.3%
AU Auto Components
-0.1%
AU Market
1 Year Returns
68.5%
ASX:PWH
-15.9%
AU Auto Components
5.1%
AU Market
PWH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PWR Holdings (PWH) 4.7% 13.9% 23.3% 68.5% 45.6% -
AU Auto Components -2.3% -2% -5.6% -15.9% 16.8% 53.8%
AU Market -0.1% 2.5% 5.5% 5.1% 22.3% 12.3%
1 Year Return vs Industry and Market
  • PWH outperformed the Auto Components industry which returned -15.9% over the past year.
  • PWH outperformed the Market in Australia which returned 5.1% over the past year.
Price Volatility
PWH
Industry
5yr Volatility vs Market

PWH Value

 Is PWR Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PWR Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PWR Holdings.

ASX:PWH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:PWH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.2 (1 + (1- 30%) (0.89%))
1.139
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.139 * 5.96%)
9.1%

Discounted Cash Flow Calculation for ASX:PWH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PWR Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:PWH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 9.1%)
2019 3.20 Analyst x1 2.93
2020 10.20 Analyst x1 8.57
2021 15.60 Analyst x1 12.01
2022 20.21 Est @ 29.56% 14.27
2023 24.53 Est @ 21.38% 15.87
2024 28.37 Est @ 15.66% 16.83
2025 31.68 Est @ 11.66% 17.22
2026 34.49 Est @ 8.85% 17.18
2027 36.86 Est @ 6.89% 16.83
2028 38.90 Est @ 5.52% 16.28
Present value of next 10 years cash flows A$137.99
ASX:PWH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$38.90 × (1 + 2.31%) ÷ (9.1% – 2.31%)
A$586.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$586.25 ÷ (1 + 9.1%)10
A$245.37
ASX:PWH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$137.99 + A$245.37
A$383.36
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$383.36 / 100.00
A$3.83
ASX:PWH Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.83
Current discount Discount to share price of A$4.50
= -1 x (A$4.50 - A$3.83) / A$3.83
-17.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of PWR Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PWR Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PWR Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PWH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.12
ASX:PWH Share Price ** ASX (2019-06-18) in AUD A$4.5
Global Auto Components Industry PE Ratio Median Figure of 196 Publicly-Listed Auto Components Companies 14.03x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PWR Holdings.

ASX:PWH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:PWH Share Price ÷ EPS (both in AUD)

= 4.5 ÷ 0.12

37.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PWR Holdings is overvalued based on earnings compared to the Global Auto Components industry average.
  • PWR Holdings is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does PWR Holdings's expected growth come at a high price?
Raw Data
ASX:PWH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
20.3%per year
Global Auto Components Industry PEG Ratio Median Figure of 101 Publicly-Listed Auto Components Companies 0.92x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

ASX:PWH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.25x ÷ 20.3%

1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PWR Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PWR Holdings's assets?
Raw Data
ASX:PWH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.44
ASX:PWH Share Price * ASX (2019-06-18) in AUD A$4.5
Australia Auto Components Industry PB Ratio Median Figure of 6 Publicly-Listed Auto Components Companies 3.3x
Australia Market PB Ratio Median Figure of 1,688 Publicly-Listed Companies 1.64x
ASX:PWH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:PWH Share Price ÷ Book Value per Share (both in AUD)

= 4.5 ÷ 0.44

10.29x

* Primary Listing of PWR Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PWR Holdings is overvalued based on assets compared to the AU Auto Components industry average.
X
Value checks
We assess PWR Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. PWR Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PWH Future Performance

 How is PWR Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PWR Holdings expected to grow at an attractive rate?
  • PWR Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • PWR Holdings's earnings growth is expected to exceed the Australia market average.
  • PWR Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:PWH Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:PWH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 20.3%
ASX:PWH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.6%
Global Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Global Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:PWH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:PWH Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 96 1
2022-06-30 88 1
2021-06-30 83 21 20 2
2020-06-30 72 18 17 3
2019-06-30 62 13 14 3
ASX:PWH Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 56 14 12
2018-09-30 54 14 12
2018-06-30 52 14 11
2018-03-31 51 13 10
2017-12-31 50 12 10
2017-09-30 49 11 9
2017-06-30 48 9 9
2017-03-31 48 8 9
2016-12-31 47 7 9
2016-09-30 47 10 9
2016-06-30 47 12 9
2016-03-31 43 11 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PWR Holdings's earnings are expected to grow significantly at over 20% yearly.
  • PWR Holdings's revenue is expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:PWH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from PWR Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PWH Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.20 0.22 0.19 2.00
2020-06-30 0.17 0.18 0.17 2.00
2019-06-30 0.14 0.14 0.14 2.00
ASX:PWH Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.12
2018-09-30 0.12
2018-06-30 0.11
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.09
2016-06-30 0.09
2016-03-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PWR Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess PWR Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PWR Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PWH Past Performance

  How has PWR Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PWR Holdings's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PWR Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • PWR Holdings's 1-year earnings growth exceeds its 5-year average (26.8% vs 13.7%)
  • PWR Holdings's earnings growth has exceeded the Global Auto Components industry average in the past year (26.8% vs 3.8%).
Earnings and Revenue History
PWR Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PWR Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PWH Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 56.28 12.08 24.85
2018-09-30 54.08 11.54 23.74
2018-06-30 51.89 11.00 22.63
2018-03-31 50.88 10.26 22.31
2017-12-31 49.86 9.53 21.98
2017-09-30 48.99 9.40 21.50
2017-06-30 48.12 9.28 21.02
2017-03-31 47.81 9.30 20.49
2016-12-31 47.50 9.32 19.96
2016-09-30 47.42 9.03 19.25
2016-06-30 47.35 8.74 18.53
2016-03-31 42.81 7.34 16.61
2015-12-31 38.28 5.94 14.70
2015-09-30 35.40 7.42 12.54
2015-06-30 32.53 8.91 10.38
2014-06-30 22.48 5.84 3.24
2013-06-30 16.62 2.85 2.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PWR Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • PWR Holdings used its assets more efficiently than the Global Auto Components industry average last year based on Return on Assets.
  • PWR Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PWR Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PWR Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PWH Health

 How is PWR Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PWR Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PWR Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PWR Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PWR Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PWR Holdings Company Filings, last reported 5 months ago.

ASX:PWH Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 43.75 4.00 6.78
2018-09-30 43.75 4.00 6.78
2018-06-30 46.48 0.48 12.55
2018-03-31 46.48 0.48 12.55
2017-12-31 38.20 0.93 3.17
2017-09-30 38.20 0.93 3.17
2017-06-30 40.96 0.76 9.41
2017-03-31 40.96 0.76 9.41
2016-12-31 34.73 0.96 2.12
2016-09-30 34.73 0.96 2.12
2016-06-30 36.72 1.16 8.96
2016-03-31 36.72 1.16 8.96
2015-12-31 30.30 1.68 3.17
2015-09-30 30.30 1.68 3.17
2015-06-30 5.21 23.37 1.37
2014-06-30 6.67 1.50 1.79
2013-06-30 7.79 1.67 1.38
  • PWR Holdings's level of debt (9.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (21.9% vs 9.1% today).
  • Debt is well covered by operating cash flow (339.8%, greater than 20% of total debt).
  • PWR Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess PWR Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PWR Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PWH Dividends

 What is PWR Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.73%
Current annual income from PWR Holdings dividends. Estimated to be 2.3% next year.
If you bought A$2,000 of PWR Holdings shares you are expected to receive A$35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PWR Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.61%).
  • PWR Holdings's dividend is below the markets top 25% of dividend payers in Australia (5.8%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:PWH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Global Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 151 Stocks 2.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:PWH Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.13 1.00
2022-06-30 0.12 1.00
2021-06-30 0.11 2.00
2020-06-30 0.10 3.00
2019-06-30 0.09 3.00
ASX:PWH Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.078 2.063
2018-08-23 0.073 2.141
2018-02-22 0.058 2.278
2017-08-24 0.056 2.270
2016-08-25 0.044 1.858
2016-02-25 0.012 0.458

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PWR Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PWR Holdings only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of PWR Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess PWR Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PWR Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PWR Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PWH Management

 What is the CEO of PWR Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kees Weel
COMPENSATION A$621,152
TENURE AS CEO 16 years
CEO Bio

Mr. Kees Cornelius Weel has been the Chief Executive Officer, Managing Director and Executive Director of PWR Holdings Limited since June 30, 2003. Mr. Weel has more than 30 years of experience in the automotive cooling industry. He is a key relationship manager for top tier local and overseas customers and business development manager for all top-tier racing teams and OEMs locally and overseas. He also actively leads the product development management team. Mr. Weel was a team principal of PWR Racing V8 Super Car Team 1998-2007 and was a board member for Tega V8 Supercars in 2007.

CEO Compensation
  • Kees's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kees's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the PWR Holdings management team in years:

3.1
Average Tenure
  • The tenure for the PWR Holdings management team is about average.
Management Team

Kees Weel

TITLE
MD, CEO & Executive Director
COMPENSATION
A$621K
TENURE
16 yrs

Stuart Smith

TITLE
Chief Financial Officer
COMPENSATION
A$327K
TENURE
1.6 yrs

Matthew Bryson

TITLE
General Manager of Engineering
COMPENSATION
A$406K
TENURE
13.2 yrs

Andy Burton

TITLE
General Manager of Europe
COMPENSATION
A$141K
TENURE
1.9 yrs

Jim Ryder

TITLE
General Manager of USA
COMPENSATION
A$236K
TENURE
2.4 yrs

Lisa Dalton

TITLE
Company Secretary
AGE
54
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure of the PWR Holdings board of directors in years:

3
Average Tenure
  • The tenure for the PWR Holdings board of directors is about average.
Board of Directors

Teresa Handicott

TITLE
Chairman
COMPENSATION
A$170K
AGE
54
TENURE
1.7 yrs

Kees Weel

TITLE
MD, CEO & Executive Director
COMPENSATION
A$621K
TENURE
16 yrs

Jeff Forbes

TITLE
Independent Non-Executive Director
COMPENSATION
A$115K
AGE
65
TENURE
3.8 yrs

Roland Dane

TITLE
Independent Non-Executive Director
COMPENSATION
A$95K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
30. May 19 Sell Tribeca Investment Partners Pty Ltd. Company 17. Apr 19 28. May 19 -1,195,954 A$4.14 A$-4,912,477
23. May 19 Sell Park Lane (UK) Ltd Company 17. May 19 17. May 19 -1,269 A$3.92 A$-4,968
08. May 19 Sell Park Lane (UK) Ltd Company 01. May 19 03. May 19 -37,199 A$3.95 A$-146,800
01. May 19 Buy Park Lane (UK) Ltd Company 26. Apr 19 26. Apr 19 1,217 A$4.00 A$4,868
04. Mar 19 Sell Perennial Value Management Limited Company 25. Sep 18 14. Jan 19 -281,073 A$3.29 A$-924,850
04. Mar 19 Buy Perennial Value Management Limited Company 27. Sep 18 28. Feb 19 3,571,096 A$3.54 A$12,637,970
04. Mar 19 Sell Tribeca Investment Partners Pty Ltd. Company 23. Oct 18 22. Feb 19 -590,012 A$3.83 A$-2,073,897
04. Mar 19 Buy Tribeca Investment Partners Pty Ltd. Company 21. Aug 18 28. Feb 19 2,039,405 A$3.84 A$7,080,079
28. Feb 19 Sell Kees Weel Individual 28. Feb 19 28. Feb 19 -4,500,000 A$3.60 A$-16,199,998
12. Sep 18 Sell Perennial Value Management Limited Company 01. Jun 18 10. Sep 18 -2,733,065 A$3.35 A$-8,795,588
12. Sep 18 Buy Perennial Value Management Limited Company 19. Jun 18 08. Aug 18 1,109,905 A$2.71 A$2,972,764
30. Aug 18 Sell Kees Weel Individual 28. Aug 18 28. Aug 18 -4,000,000 A$3.15 A$-12,600,002
29. Aug 18 Sell Kpw Property Holdings Pty Ltd Company 28. Aug 18 28. Aug 18 -4,000,000 A$3.15 A$-12,599,996
22. Aug 18 Sell Tribeca Investment Partners Pty Ltd. Company 24. Nov 17 09. Jul 18 -85,324 A$2.48 A$-211,317
22. Aug 18 Buy Tribeca Investment Partners Pty Ltd. Company 14. Nov 17 20. Aug 18 1,087,040 A$2.46 A$2,668,763
X
Management checks
We assess PWR Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PWR Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PWH News

Simply Wall St News

Can You Imagine How PWR Holdings's (ASX:PWH) Shareholders Feel About The 63% Share Price Increase?

For example, the PWR Holdings Limited (ASX:PWH) share price is up 63% in the last year, clearly besting than the market return of around 5.8% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

A Spotlight On PWR Holdings Limited's (ASX:PWH) Fundamentals

Flawless balance sheet with high growth potential PWH is an attractive stock for growth-seeking investors, with an expected earnings growth of 20% in the upcoming year which is expected to flow into an impressive return on equity of 30% over the next couple of years. … ASX:PWH Past and Future Earnings, June 4th 2019 PWH's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … Dividend Income vs Capital Gains: Does PWH return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

Simply Wall St -

Who Has Been Selling PWR Holdings Limited (ASX:PWH) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in PWR Holdings Limited (ASX:PWH). … Check out our latest analysis for PWR Holdings The Last 12 Months Of Insider Transactions At PWR Holdings In the last twelve months, the biggest single sale by an insider was when the MD, CEO & Executive Director, Kees Weel, sold AU$16m worth of shares at a price of AU$3.60 per share. … Kees Weel was the only individual insider to sell shares in the last twelve months.

Simply Wall St -

Why PWR Holdings Limited's (ASX:PWH) CEO Pay Matters To You

According to our data, PWR Holdings Limited has a market capitalization of AU$380m, and pays its CEO total annual compensation worth AU$621k. … ASX:PWH CEO Compensation, May 14th 2019 Is PWR Holdings Limited Growing? … I think that the total shareholder return of 48%, over three years, would leave most PWR Holdings Limited shareholders smiling.

Simply Wall St -

Calculating The Intrinsic Value Of PWR Holdings Limited (ASX:PWH)

by taking the expected future cash flows and discounting them to today's value. … I will be using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Why You Should Like PWR Holdings Limited’s (ASX:PWH) ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should You Buy PWR Holdings Limited (ASX:PWH) For Its Dividend?

Today we'll take a closer look at PWR Holdings Limited (ASX:PWH) from a dividend investor's perspective. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … ASX:PWH Historical Dividend Yield, April 17th 2019

Simply Wall St -

Is PWR Holdings Limited's (ASX:PWH) Stock Available For A Good Price After Accounting For Growth?

Looking at PWR Holdings Limited’s (ASX:PWH) fundamentals some investors are wondering if its last closing price of A$3.55 represents a good value for money for this high growth stock. … Check out our latest analysis for PWR Holdings? … PWR Holdings's growth potential is very attractive

Simply Wall St -

Is PWR Holdings Limited's (ASX:PWH) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Type Of Shareholder Owns PWR Holdings Limited's (ASX:PWH)?

Every investor in PWR Holdings Limited (ASX:PWH) should be aware of the most powerful shareholder groups. … With a market capitalization of AU$358m, PWR Holdings is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

PWH Company Info

Description

PWR Holdings Limited designs, engineers, produces, tests, validates, and sells customized aluminum cooling products and solutions in Australia and internationally. It operates through two segments, PWR Performance Products and C&R Racing. The company offers radiators, such as car radiators and radiator cores; and air to air, air to ice, and liquid to air intercoolers, as well as aero 2 universal cast tanks, intercooler kits, and air to air intercooler cores. It also provides engine, in-tank, inline engine, transmission, and power steering/diff/aux oil coolers; and accessories, including thermo fans, power steering reservoirs, radiator caps, expansion-recovery-surge tanks, fillers-fittings, water pumps, silicon hoses, T-bolt clamps, outlets, and other products. The company offers its cooling solutions for the motorsports, automotive original equipment manufacturing, automotive aftermarket, and emerging technologies sectors, as well as for racing, 4WD and off-road vehicle, military, and industrial applications. PWR Holdings Limited was founded in 1987 and is based in Ormeau, Australia.

Details
Name: PWR Holdings Limited
PWH
Exchange: ASX
Founded: 1987
A$450,000,000
100,000,000
Website: http://www.pwr.com.au
Address: PWR Holdings Limited
103 Lahrs Road,
Ormeau,
Queensland, 4208,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PWH Ordinary Shares Australian Securities Exchange AU AUD 18. Nov 2015
Number of employees
Current staff
Staff numbers
0
PWR Holdings employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 10:36
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/02/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.