ASX:PWH

Stock Analysis Report

Executive Summary

PWR Holdings Limited designs, engineers, produces, tests, validates, and sells customized aluminum cooling products and solutions in Australia and internationally.

Snowflake

Fundamentals

Excellent balance sheet with solid track record.

Share Price & News

How has PWR Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.3%

PWH

1.4%

AU Auto Components

1.0%

AU Market


1 Year Return

44.4%

PWH

-8.6%

AU Auto Components

7.2%

AU Market

PWH outperformed the Auto Components industry which returned -8.6% over the past year.

PWH outperformed the Market in Australia which returned 7.2% over the past year.


Share holder returns

PWHIndustryMarket
7 Day4.3%1.4%1.0%
30 Day14.3%10.0%3.2%
90 Day7.6%1.5%1.4%
1 Year48.3%44.4%-5.3%-8.6%13.4%7.2%
3 Year60.0%48.6%22.7%12.6%40.7%21.8%
5 Yearn/a85.8%52.4%50.8%17.0%

Price Volatility Vs. Market

How volatile is PWR Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

32.73x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

PWR Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

PWR Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

PWR Holdings is overvalued based on earnings compared to the AU Auto Components industry average.

PWR Holdings is overvalued based on earnings compared to the Australia market.


Price Based on Expected Growth

PWR Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

PWR Holdings is overvalued based on assets compared to the AU Auto Components industry average.


Next Steps

Future Growth

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

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

PWR Holdings's revenue is expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).

PWR Holdings's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).

PWR Holdings's revenue growth is expected to exceed the Australia market average.

PWR Holdings's earnings growth is expected to exceed the Australia market average.

PWR Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

PWR Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has PWR Holdings performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (29.1% vs 15.2%)

PWR Holdings's earnings growth has exceeded the AU Auto Components industry average in the past year (29.1% vs 20.2%).


Return on Equity

PWR Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

PWR Holdings used its assets more efficiently than the AU Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

PWR Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is PWR Holdings's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

PWR Holdings's level of debt (6.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.9% vs 6.4% today).

Debt is well covered by operating cash flow (546.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 876.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 9.9x debt.


Next Steps

Dividend

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

2.41%

Expected Dividend Yield


Dividend Yield and Payments Analysis

PWR Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.44%).

PWR Holdings's dividend is below the markets top 25% of dividend payers in Australia (5.64%).

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 4 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Kees Weel 0

16.3yrs

Tenure

AU$629,025

Compensation

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 auto ...


CEO Compensation Analysis

Kees's remuneration is lower than average for companies of similar size in Australia.

Kees's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.4yrs

Average Tenure

The tenure for the PWR Holdings management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

The tenure for the PWR Holdings board of directors is about average.


Insider Trading

PWR Holdings individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellAU$13,984,40210 Sep 19
Perennial Value Management Limited
EntityCompany
Shares3,252,991
Max PriceAU$4.30
BuyAU$7,061,83510 Sep 19
Perennial Value Management Limited
EntityCompany
Shares1,672,942
Max PriceAU$4.22
SellAU$11,250,00008 Sep 19
Kees Weel
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares2,500,000
Max PriceAU$4.50
SellAU$431,78108 Sep 19
Park Lane (UK) Ltd
EntityCompany
Shares94,474
Max PriceAU$4.60
BuyAU$23,12004 Sep 19
Teresa Handicott
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,000
Max PriceAU$4.66
SellAU$4,912,47730 May 19
Tribeca Investment Partners Pty Ltd.
EntityCompany
Shares1,195,954
Max PriceAU$4.14
SellAU$4,96823 May 19
Park Lane (UK) Ltd
EntityCompany
Shares1,269
Max PriceAU$3.92
SellAU$146,80008 May 19
Park Lane (UK) Ltd
EntityCompany
Shares37,199
Max PriceAU$3.95
BuyAU$4,86801 May 19
Park Lane (UK) Ltd
EntityCompany
Shares1,217
Max PriceAU$4.00
BuyAU$12,637,97004 Mar 19
Perennial Value Management Limited
EntityCompany
Shares3,571,096
Max PriceAU$3.54
SellAU$924,85004 Mar 19
Perennial Value Management Limited
EntityCompany
Shares281,073
Max PriceAU$3.29
SellAU$2,073,89704 Mar 19
Tribeca Investment Partners Pty Ltd.
EntityCompany
Shares590,012
Max PriceAU$3.83
BuyAU$7,080,07904 Mar 19
Tribeca Investment Partners Pty Ltd.
EntityCompany
Shares2,039,405
Max PriceAU$3.84
SellAU$16,199,99828 Feb 19
Kees Weel
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares4,500,000
Max PriceAU$3.60

Ownership Breakdown


Management Team

  • Lisa Dalton (55yo)

    Company Secretary

    • Tenure: 4.1yrs
  • Stuart Smith

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: AU$390.84k
  • Kees Weel

    MD, CEO & Executive Director

    • Tenure: 16.3yrs
    • Compensation: AU$629.03k
  • Matthew Bryson

    General Manager of Engineering

    • Tenure: 13.4yrs
    • Compensation: AU$427.49k
  • Andy Burton

    General Manager of Europe

    • Tenure: 2.2yrs
    • Compensation: AU$284.26k
  • Jim Ryder

    General Manager of USA

    • Tenure: 2.7yrs
    • Compensation: AU$251.14k

Board Members

  • Jeff Forbes (66yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: AU$115.00k
  • Kees Weel

    MD, CEO & Executive Director

    • Tenure: 16.3yrs
    • Compensation: AU$629.03k
  • Teresa Handicott (55yo)

    Chairman

    • Tenure: 1.9yrs
    • Compensation: AU$170.00k
  • Roland Dane

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$95.00k

Company Information

PWR Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PWR Holdings Limited
  • Ticker: PWH
  • Exchange: ASX
  • Founded: 1987
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: AU$450.000m
  • Shares outstanding: 100.00m
  • Website: https://www.pwr.com.au

Number of Employees


Location

  • PWR Holdings Limited
  • 103 Lahrs Road
  • Ormeau
  • Queensland
  • 4208
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PWHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2015

Biography

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 Per ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 10:42
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.