Schaffer
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Schaffer Corporation Limited, a diversified industrial company, manufactures and sells automotive leather and building materials primarily in Australia, Asia, and Europe. The last earnings update was 28 days ago. More info.
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SFC Share Price and Events
7 Day Returns
1 Year Returns
SFC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Schaffer (SFC) | 2.7% | -7.9% | -5% | 4.4% | 166.5% | 128.2% |
| AU Auto Components | 0.6% | 7.1% | 10.8% | 3.3% | 46% | 72.7% |
| AU Market | 0.3% | 1.7% | 10.1% | 2.2% | 18.5% | 5.5% |
1 Year Return vs Industry and Market
- SFC outperformed the Auto Components industry which returned 3.3% over the past year.
- SFC outperformed the Market in Australia which returned 2.2% over the past year.
Price Volatility
Related Companies
Value
Is Schaffer 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
Schaffer
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Schaffer.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.7% |
| 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.
| 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 | 1.15 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.147 (1 + (1- 30%) (26.72%)) |
1.242 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.242 * 5.96%) |
9.72% |
Discounted Cash Flow Calculation for ASX:SFC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Schaffer 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.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 9.72%) |
|
|---|---|---|---|
| 2019 | 16.30 | Analyst x1 | 14.86 |
| 2020 | 17.00 | Analyst x1 | 14.12 |
| 2021 | 17.30 | Analyst x1 | 13.10 |
| 2022 | 20.40 | Analyst x1 | 14.08 |
| 2023 | 21.55 | Est @ 5.66% | 13.56 |
| 2024 | 22.56 | Est @ 4.66% | 12.93 |
| 2025 | 23.45 | Est @ 3.95% | 12.25 |
| 2026 | 24.26 | Est @ 3.46% | 11.55 |
| 2027 | 25.02 | Est @ 3.12% | 10.86 |
| 2028 | 25.74 | Est @ 2.87% | 10.18 |
| Present value of next 10 years cash flows | A$127.49 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= A$25.74 × (1 + 2.31%) ÷ (9.72% – 2.31%) |
A$355.61 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$355.61 ÷ (1 + 9.72%)10 |
A$140.68 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$127.49 + A$140.68 |
A$268.17 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$268.17 / 13.83 |
A$19.39 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$19.39 |
| Current discount | Discount to share price of
A$13.35
= -1 x (A$13.35 - A$19.39) / A$19.39 |
31.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Schaffer's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Schaffer's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Schaffer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Schaffer's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$1.78 |
| ASX:SFC Share Price ** | ASX (2019-03-19) in AUD | A$13.35 |
| Global Auto Components Industry PE Ratio | Median Figure of 197 Publicly-Listed Auto Components Companies | 14.82x |
| Australia Market PE Ratio | Median Figure of 543 Publicly-Listed Companies | 16.33x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Schaffer.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:SFC Share Price ÷ EPS (both in AUD) = 13.35 ÷ 1.78 |
7.5x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Schaffer is good value based on earnings compared to the Global Auto Components industry average.
- Schaffer is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does
Schaffer's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.5x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
-15.6%per year |
| Global Auto Components Industry PEG Ratio | Median Figure of 111 Publicly-Listed Auto Components Companies | 1.06x |
| Australia Market PEG Ratio | Median Figure of 362 Publicly-Listed Companies | 1.37x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.5x ÷ -15.6% |
-0.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Schaffer earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Schaffer's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$7.22 |
| ASX:SFC Share Price * | ASX (2019-03-19) in AUD | A$13.35 |
| Australia Auto Components Industry PB Ratio | Median Figure of 6 Publicly-Listed Auto Components Companies | 3.85x |
| Australia Market PB Ratio | Median Figure of 1,670 Publicly-Listed Companies | 1.67x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:SFC Share Price ÷ Book Value per Share (both in AUD) = 13.35 ÷ 7.22 |
1.85x |
* Primary Listing of Schaffer.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Schaffer is good value based on assets compared to the AU Auto Components industry average.
Value checks
We assess Schaffer's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) Schaffer has a total score of 4/6, 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.
Future Performance
How is Schaffer expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
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!
Earnings growth vs Low Risk Savings
- Schaffer's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
- Schaffer's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
- Schaffer's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:SFC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | -15.6% |
| ASX:SFC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -3.3% |
| Global Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 10.6% |
| Global Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 6.1% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.4% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | ||||
| 2021-06-30 | 199 | 24 | 17 | 1 |
| 2020-06-30 | 194 | 24 | 15 | 1 |
| 2019-06-30 | 203 | 23 | 21 | 1 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 217 | 28 | 25 |
| 2018-09-30 | 222 | 37 | 22 |
| 2018-06-30 | 227 | 45 | 19 |
| 2017-12-31 | 217 | 31 | 12 |
| 2017-09-30 | 203 | 27 | 10 |
| 2017-06-30 | 189 | 22 | 7 |
| 2017-03-31 | 193 | 21 | 4 |
| 2016-12-31 | 197 | 20 | 1 |
| 2016-09-30 | 205 | 14 | 3 |
| 2016-06-30 | 214 | 8 | 6 |
| 2016-03-31 | 199 | 1 | 7 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Schaffer Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | ||||
| 2021-06-30 | 1.24 | 1.24 | 1.24 | 1.00 |
| 2020-06-30 | 1.12 | 1.12 | 1.12 | 1.00 |
| 2019-06-30 | 1.45 | 1.45 | 1.45 | 1.00 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.78 |
| 2018-09-30 | 1.57 |
| 2018-06-30 | 1.36 |
| 2017-12-31 | 0.88 |
| 2017-09-30 | 0.69 |
| 2017-06-30 | 0.51 |
| 2017-03-31 | 0.28 |
| 2016-12-31 | 0.06 |
| 2016-09-30 | 0.23 |
| 2016-06-30 | 0.41 |
| 2016-03-31 | 0.49 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Schaffer's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Schaffer has a total score of 0/6, 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.
Past Performance
How has Schaffer 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
Past Earnings growth analysis
- Schaffer has delivered over 20% year on year earnings growth in the past 5 years.
- Schaffer's 1-year earnings growth exceeds its 5-year average (100.7% vs 34.8%)
- Schaffer's earnings growth has exceeded the Global Auto Components industry average in the past year (100.7% vs 15.5%).
Earnings and Revenue History
All data from Schaffer Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 217.19 | 24.73 | 21.10 | |
| 2018-09-30 | 222.11 | 21.89 | 21.54 | |
| 2018-06-30 | 227.04 | 19.05 | 21.99 | |
| 2017-12-31 | 217.41 | 12.32 | 16.73 | |
| 2017-09-30 | 202.96 | 9.73 | 14.69 | |
| 2017-06-30 | 188.50 | 7.14 | 12.66 | |
| 2017-03-31 | 192.99 | 3.97 | 14.61 | |
| 2016-12-31 | 197.47 | 0.80 | 16.55 | |
| 2016-09-30 | 205.50 | 3.24 | 17.51 | |
| 2016-06-30 | 213.52 | 5.68 | 18.47 | |
| 2016-03-31 | 199.26 | 6.91 | 18.21 | |
| 2015-12-31 | 185.00 | 8.14 | 17.95 | |
| 2015-09-30 | 171.11 | 5.83 | 18.12 | |
| 2015-06-30 | 157.22 | 3.53 | 18.30 | |
| 2015-03-31 | 155.15 | 3.45 | 18.81 | |
| 2014-12-31 | 153.07 | 3.37 | 19.32 | |
| 2014-09-30 | 158.28 | 4.78 | 20.21 | |
| 2014-06-30 | 163.49 | 6.19 | 21.10 | |
| 2014-03-31 | 157.75 | 6.70 | 20.81 | |
| 2013-12-31 | 152.01 | 7.21 | 20.52 | |
| 2013-09-30 | 145.04 | 7.40 | 20.57 | |
| 2013-06-30 | 138.07 | 7.59 | 20.61 | |
| 2013-03-31 | 140.86 | 7.98 | 20.91 | |
| 2012-12-31 | 143.66 | 8.36 | 21.20 | |
| 2012-09-30 | 148.03 | 7.94 | 21.12 | |
| 2012-06-30 | 152.39 | 7.52 | 21.03 | |
| 2012-03-31 | 149.17 | 8.17 | 20.67 |
*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.
- Schaffer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Schaffer used its assets more efficiently than the Global Auto Components industry average last year based on Return on Assets.
- Schaffer has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Schaffer's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Schaffer has a total score of 6/6, 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.
Health
How is Schaffer'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 Schaffer's finances.
The net worth of a company is the difference between its assets and liabilities.
- Schaffer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Schaffer's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.4x 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.
All data from Schaffer Company Filings, last reported 2 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 109.70 | 49.30 | 34.99 |
| 2018-09-30 | 109.70 | 49.30 | 34.99 |
| 2018-06-30 | 102.59 | 33.30 | 33.35 |
| 2017-12-31 | 93.48 | 44.61 | 37.12 |
| 2017-09-30 | 93.48 | 44.61 | 37.12 |
| 2017-06-30 | 83.71 | 55.38 | 11.42 |
| 2017-03-31 | 83.71 | 55.38 | 11.42 |
| 2016-12-31 | 80.38 | 66.32 | 19.42 |
| 2016-09-30 | 80.38 | 66.32 | 19.42 |
| 2016-06-30 | 79.19 | 65.60 | 7.07 |
| 2016-03-31 | 79.19 | 65.60 | 7.07 |
| 2015-12-31 | 82.04 | 65.65 | 10.13 |
| 2015-09-30 | 82.04 | 65.65 | 10.13 |
| 2015-06-30 | 76.38 | 66.47 | 5.83 |
| 2015-03-31 | 76.38 | 66.47 | 5.83 |
| 2014-12-31 | 76.08 | 57.35 | 9.51 |
| 2014-09-30 | 76.08 | 57.35 | 9.51 |
| 2014-06-30 | 74.55 | 52.28 | 14.73 |
| 2014-03-31 | 74.55 | 52.28 | 14.73 |
| 2013-12-31 | 75.22 | 51.11 | 14.70 |
| 2013-09-30 | 75.22 | 51.11 | 14.70 |
| 2013-06-30 | 70.39 | 48.25 | 12.86 |
| 2013-03-31 | 70.39 | 48.25 | 12.86 |
| 2012-12-31 | 68.08 | 53.54 | 19.76 |
| 2012-09-30 | 68.08 | 53.54 | 19.76 |
| 2012-06-30 | 64.11 | 53.60 | 14.02 |
| 2012-03-31 | 64.11 | 53.60 | 14.02 |
- Schaffer's level of debt (44.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (68% vs 44.9% today).
- Debt is well covered by operating cash flow (56.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 20.9x coverage).
Financial health checks
We assess Schaffer's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Schaffer has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Schaffer'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
If you bought
A$2,000 of
Schaffer
shares you are expected to receive
A$90
in your first year as a dividend.
Dividend Amount
- Schaffer's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
- Schaffer's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Global Auto Components Industry Average Dividend Yield | Market Cap Weighted Average of 146 Stocks | 2.7% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 418 Stocks | 4.4% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.6% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-06-30 | 0.63 | 1.00 |
| 2021-06-30 | 0.62 | 1.00 |
| 2020-06-30 | 0.61 | 1.00 |
| 2019-06-30 | 0.60 | 1.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 0.600 | 4.311 |
| 2018-08-14 | 0.600 | 3.978 |
| 2018-02-20 | 0.290 | 2.231 |
| 2017-09-19 | 0.260 | 2.664 |
| 2017-08-15 | 0.260 | 3.461 |
| 2017-02-22 | 0.250 | 3.647 |
| 2016-09-23 | 0.250 | 4.446 |
| 2016-08-16 | 0.250 | 4.700 |
| 2016-02-17 | 0.250 | 4.898 |
| 2015-08-18 | 0.250 | 5.314 |
| 2014-09-23 | 0.260 | 5.005 |
| 2014-08-20 | 0.260 | 4.363 |
| 2014-02-19 | 0.240 | 4.001 |
| 2013-09-20 | 0.240 | 4.400 |
| 2013-08-20 | 0.240 | 4.730 |
| 2013-02-20 | 0.220 | 4.947 |
| 2012-09-25 | 0.220 | 5.643 |
| 2012-08-21 | 0.220 | 5.795 |
| 2012-02-22 | 0.200 | 5.636 |
| 2011-09-23 | 0.200 | 5.920 |
| 2011-08-25 | 0.200 | 6.064 |
| 2011-02-23 | 0.200 | 5.735 |
| 2010-09-24 | 0.400 | 9.453 |
| 2010-08-18 | 0.400 | 8.592 |
| 2010-02-17 | 0.400 | 7.103 |
| 2009-08-26 | 0.400 | 6.597 |
| 2009-03-24 | 0.500 | 11.451 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Schaffer's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Schaffer's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Schaffer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Schaffer has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | A$1,293,358 |
| AGE | 68 |
| TENURE AS CEO | 32.2 years |
CEO Bio
Mr. John Michael Schaffer, BCom(Hons), FCPA, has been Managing Director at Schaffer Corporation Limited since 1987 and has been its Chairman since 1988. Mr. Schaffer has been Chairman of Howe Automotive Limited since September 6, 1993. He joined Schaffer Corporation Limited in 1972. He also serves as the Chairman of UrbanStone Pty Ltd. and Delta Corporation Limited. Mr. Schaffer has been an Executive Director of Schaffer Corporation Limited since September 6, 1972. Mr. Schaffer holds a Bachelor of Commerce degree with honors from the University of Western Australia and is an FCPA.
CEO Compensation
- John's compensation has been consistent with company performance over the past year.
- John's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure
Average tenure and age of the Schaffer management team in years:
- The average tenure for the Schaffer management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
John Schaffer
Chairman & MD
A$1M
68
32.2 yrs
Ralph Leib
Chief Financial Officer
A$970K
47
1.7 yrs
Anton Mayer
Executive Director
A$761K
76
17.3 yrs
Jason Cantwell
Group Financial Controller & Company Secretary
A$294K
46
8 yrs
Jason Walsh
General Manager of Delta Corporation Limited
A$363K
47
9.7 yrs
Dan Birks
General Manager of Howe Automotive Ltd
A$3M
52
3.2 yrs
Mike Falconer
Group General Manager of Schaffer Building Products Group
A$508K
64
Board of Directors Tenure
Average tenure and age of the Schaffer board of directors in years:
- The average tenure for the Schaffer board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
John Schaffer
Chairman & MD
A$1M
68
31.2 yrs
Anton Mayer
Executive Director
A$761K
76
17.3 yrs
David Schwartz
Non-Executive Independent Director
A$83K
64
19.8 yrs
Danielle Blain
Non Executive Director
A$81K
74
31.8 yrs
Michael Perrott
Non-Executive Independent Director
A$80K
68
14.1 yrs
Matt Perrella
Executive Director of Delta Corporation Limited
A$193K
69
10.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Schaffer's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Schaffer 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.
News
Simply Wall St News
Should You Be Excited About Schaffer Corporation Limited's (ASX:SFC) 27% Return On Equity?
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Schaffer Corporation Limited (ASX:SFC). … That means that for every A$1 worth of shareholders' equity, it generated A$0.27 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Financially Strong Is Schaffer Corporation Limited (ASX:SFC)?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleIf You Had Bought Schaffer Stock Three Years Ago, You Could Pocket A 160% Gain Today
For example, the Schaffer Corporation Limited (ASX:SFC) share price has soared 160% in the last three years. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … The average annual share price increase of 37% is actually lower than the EPS growth.
Simply Wall St - – Full articleShould Schaffer Corporation Limited (ASX:SFC) Be Part Of Your Dividend Portfolio?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Schaffer Corporation Limited (ASX:SFC) has been paying a dividend to shareholders. … Let's take a look at Schaffer in more detail.
Simply Wall St - – Full articleIs Schaffer Corporation Limited's (ASX:SFC) P/E Ratio Really That Good?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Schaffer has a price to earnings ratio of 10.09, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Are Analysts Expecting From Schaffer Corporation Limited (ASX:SFC) Over The Next Few Years?
Schaffer Corporation Limited's (ASX:SFC) latest earnings update in June 2018a … confirmed
Simply Wall St - – Full articleDoes Schaffer Corporation Limited's (ASX:SFC) CEO Salary Reflect Performance?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does John Schaffer's Compensation Compare With Similar Sized Companies. … Our data indicates that Schaffer Corporation Limited is worth AU$179m, and total annual CEO compensation is AU$1.3m.
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Schaffer Corporation Limited (ASX:SFC)?
Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about SFC
Simply Wall St - – Full articleSchaffer Corporation Limited (ASX:SFC): Is It A Smart Long Term Opportunity?
In June 2018, Schaffer Corporation Limited (ASX:SFC) announced its earnings update. … with earnings expected to grow by 2.4% in the upcoming year … the higher past 5-year average growth rate of 13%
Simply Wall St - – Full articleWhat Do You Get For Owning Schaffer Corporation Limited (ASX:SFC)?
Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Schaffer, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleCompany Info
Description
Schaffer Corporation Limited, a diversified industrial company, manufactures and sells automotive leather and building materials primarily in Australia, Asia, and Europe. The company’s Automotive Leather segment manufactures and supplies leather to automotive manufacturers in the automotive industry. Its Building Materials segment manufactures pre-cast and pre-stressed concrete floors, beams, and wall products primarily for the construction market. The company’s Investment Property segment leases office and retail properties; and develops and sells property assets. Its Gosh Capital segment owns the North Coogee land, a commercial property, as well as owns a bulky goods retail center in Western Australia; and invests in various property unit trusts and shares. The company was incorporated in 1955 and is headquartered in West Perth, Australia.
Details
| Name: | Schaffer Corporation Limited |
| SFC | |
| Exchange: | ASX |
| Founded: | 1955 |
| A$184,475,805 | |
| 13,828,771 | |
| Website: | http://www.schaffer.com.au |
| Address: |
Schaffer Corporation Limited 1305 Hay Street, West Perth, Western Australia, 6005, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | SFC | Ordinary Shares | Australian Securities Exchange | AU | AUD | 02. Jan 1992 | |
| CHIA | SFC | Ordinary Shares | Chi-X Australia | AU | AUD | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 10:32 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/02/22 |
| Last earnings filing: | 2019/02/19 |
| 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.
