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Schaffer

ASX:SFC
Snowflake Description

Outstanding track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SFC
ASX
A$184M
Market Cap
  1. Home
  2. AU
  3. Automobiles
Company description

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
2.7%
ASX:SFC
0.6%
AU Auto Components
0.3%
AU Market
1 Year Returns
4.4%
ASX:SFC
3.3%
AU Auto Components
2.2%
AU Market
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
SFC
Industry
5yr Volatility vs Market

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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

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

ASX:SFC Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ASX:SFC
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.

ASX:SFC DCF 1st Stage: Next 10 year cash flow forecast
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
ASX:SFC DCF 2nd Stage: Terminal Value
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
ASX:SFC Total Equity Value
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
ASX:SFC Discount to Share Price
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
Amount off the current price Schaffer is available for.
Intrinsic value
31%
Share price is A$13.35 vs Future cash flow value of A$19.39
Current Discount Checks
For Schaffer to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
ASX:SFC PE (Price to Earnings) Ratio Data Sources
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.

ASX:SFC PE (Price to Earnings) Ratio Calculation
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?
Raw Data
ASX:SFC PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

ASX:SFC PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
ASX:SFC PB (Price to Book) Ratio Data Sources
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
ASX:SFC PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Schaffer'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. 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!
Annual Growth Rate
-15.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schaffer expected to grow at an attractive rate?
  • 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
Raw Data
ASX:SFC Future Growth Rates Data Sources
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
Raw Data
ASX:SFC Analysts Growth Expectations Data Sources
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 numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SFC Future Estimates Data
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
ASX:SFC Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Schaffer's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Schaffer's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:SFC 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.

ASX:SFC Future Estimates Data
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
ASX:SFC Past Financials Data
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.

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.
  • Schaffer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Schaffer'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.
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
Below we compare Schaffer'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.
  • 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
Schaffer'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 Schaffer Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SFC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 217.19 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).
X
Past performance checks
We assess Schaffer'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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Schaffer'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 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.
Raw Data

All data from Schaffer Company Filings, last reported 2 months ago.

ASX:SFC Past Debt and Equity Data
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).
X
Financial health checks
We assess Schaffer'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. Schaffer has a total score of 5/6, 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.

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
Dividend payments
4.49%
Current annual income from Schaffer dividends. Estimated to be 4.61% next year.
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
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?
  • 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.
Raw Data
ASX:SFC 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 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.

ASX:SFC Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.63 1.00
2021-06-30 0.62 1.00
2020-06-30 0.61 1.00
2019-06-30 0.60 1.00
ASX:SFC Past Annualized Dividends Data
Date (Data in A$) 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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Schaffer'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 Schaffer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Schaffer'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
John Schaffer
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:

8.8
Average Tenure
52
Average Age
  • 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

TITLE
Chairman & MD
COMPENSATION
A$1M
AGE
68
TENURE
32.2 yrs

Ralph Leib

TITLE
Chief Financial Officer
COMPENSATION
A$970K
AGE
47
TENURE
1.7 yrs

Anton Mayer

TITLE
Executive Director
COMPENSATION
A$761K
AGE
76
TENURE
17.3 yrs

Jason Cantwell

TITLE
Group Financial Controller & Company Secretary
COMPENSATION
A$294K
AGE
46
TENURE
8 yrs

Jason Walsh

TITLE
General Manager of Delta Corporation Limited
COMPENSATION
A$363K
AGE
47
TENURE
9.7 yrs

Dan Birks

TITLE
General Manager of Howe Automotive Ltd
COMPENSATION
A$3M
AGE
52
TENURE
3.2 yrs

Mike Falconer

TITLE
Group General Manager of Schaffer Building Products Group
COMPENSATION
A$508K
AGE
64
Board of Directors Tenure

Average tenure and age of the Schaffer board of directors in years:

18.5
Average Tenure
68.5
Average Age
  • 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

TITLE
Chairman & MD
COMPENSATION
A$1M
AGE
68
TENURE
31.2 yrs

Anton Mayer

TITLE
Executive Director
COMPENSATION
A$761K
AGE
76
TENURE
17.3 yrs

David Schwartz

TITLE
Non-Executive Independent Director
COMPENSATION
A$83K
AGE
64
TENURE
19.8 yrs

Danielle Blain

TITLE
Non Executive Director
COMPENSATION
A$81K
AGE
74
TENURE
31.8 yrs

Michael Perrott

TITLE
Non-Executive Independent Director
COMPENSATION
A$80K
AGE
68
TENURE
14.1 yrs

Matt Perrella

TITLE
Executive Director of Delta Corporation Limited
COMPENSATION
A$193K
AGE
69
TENURE
10.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Schaffer'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. 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 -

How 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 -

If 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 -

Should 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 -

Is 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 -

What 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 -

Does 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 -

What 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 -

Schaffer 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 -

What 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 -

Company 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
Staff numbers
1,200
Schaffer employees.
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.