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Sprintex

ASX:SIX
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIX
ASX
A$10M
Market Cap
  1. Home
  2. AU
  3. Automobiles
Company description

Sprintex Limited, together with its subsidiaries, manufactures and distributes a range of superchargers. The last earnings update was 106 days ago. More info.


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SIX Share Price and Events
7 Day Returns
0%
ASX:SIX
-2.5%
AU Auto Components
-1%
AU Market
1 Year Returns
-34.5%
ASX:SIX
-4.9%
AU Auto Components
-6.2%
AU Market
SIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sprintex (SIX) 0% 0% 0% -34.5% -68.3% -78.4%
AU Auto Components -2.5% -4.3% -16.8% -4.9% 21% 65.8%
AU Market -1% -3.3% -9.4% -6.2% 12.6% -2%
1 Year Return vs Industry and Market
  • SIX underperformed the Auto Components industry which returned -4.9% over the past year.
  • SIX underperformed the Market in Australia which returned -6.2% over the past year.
Price Volatility
SIX
Industry
5yr Volatility vs Market

SIX Value

 Is Sprintex 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.

In this section, we usually try to help investors determine whether Sprintex is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Sprintex has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Sprintex. This is due to cash flow or dividend data being unavailable. The share price is A$0.095.
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 Sprintex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sprintex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.02
ASX:SIX Share Price ** ASX (2018-09-17) in AUD A$0.1
Global Auto Components Industry PE Ratio Median Figure of 195 Publicly-Listed Auto Components Companies 13.4x
Australia Market PE Ratio Median Figure of 558 Publicly-Listed Companies 15x

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

** Primary Listing of Sprintex.

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

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

= 0.1 ÷ -0.02

-5.43x

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

  • Sprintex is loss making, we can't compare its value to the Global Auto Components industry average.
  • Sprintex is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Sprintex's expected growth come at a high price?
Raw Data
ASX:SIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Auto Components Industry PEG Ratio Median Figure of 113 Publicly-Listed Auto Components Companies 0.97x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sprintex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sprintex's assets?
Raw Data
ASX:SIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$-0.02
ASX:SIX Share Price * ASX (2018-09-17) in AUD A$0.1
Australia Auto Components Industry PB Ratio Median Figure of 6 Publicly-Listed Auto Components Companies 2.99x
Australia Market PB Ratio Median Figure of 1,657 Publicly-Listed Companies 1.65x
ASX:SIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.1 ÷ -0.02

-6.09x

* Primary Listing of Sprintex.

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

  • Sprintex has negative assets, we can't compare the value of its assets to the AU Auto Components industry average.

Next steps:

  1. Take a look at our analysis of SIX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Sprintex's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Auto Components industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Sprintex'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. Sprintex 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.

SIX Future Performance

 How is Sprintex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sprintex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13.5%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sprintex expected to grow at an attractive rate?
  • Unable to compare Sprintex's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sprintex's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Sprintex's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SIX Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.5%
Global Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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:SIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SIX Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 2 -1 -2
2018-03-31 2 -1 -3
2017-12-30 2 -1 -3
2017-09-30 2 -1 -4
2017-06-30 2 -1 -4
2017-03-31 2 -2 -4
2016-12-31 2 -2 -4
2016-09-30 2 -2 -3
2016-06-30 2 -2 -3
2016-03-31 2 -1 -3
2015-12-31 2 -1 -2
2015-09-30 2 -1 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sprintex is high growth as no earnings estimate data is available.
  • Unable to determine if Sprintex is high growth as no revenue estimate data is available.
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:SIX 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 0 Analyst Estimates (S&P Global) See Below

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

ASX:SIX Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-30 -0.03
2017-09-30 -0.04
2017-06-30 -0.05
2017-03-31 -0.05
2016-12-31 -0.04
2016-09-30 -0.04
2016-06-30 -0.04
2016-03-31 -0.04
2015-12-31 -0.04
2015-09-30 -0.09

*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.
  • Unable to establish if Sprintex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SIX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Sprintex's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Automobiles companies here
  3. Sprintex's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sprintex'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.
Sprintex 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.

SIX Past Performance

  How has Sprintex 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 Sprintex'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.
  • Sprintex does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Sprintex's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sprintex's 1-year growth to the Global Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Sprintex'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 Sprintex Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SIX Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 2.21 -1.75 2.75 -0.07
2018-03-31 2.14 -2.54 2.86 0.13
2017-12-30 2.08 -3.33 2.98 0.32
2017-09-30 2.17 -3.83 3.15 0.15
2017-06-30 2.27 -4.32 3.32 -0.02
2017-03-31 2.36 -4.03 3.28 -0.02
2016-12-31 2.46 -3.75 3.25 -0.03
2016-09-30 2.34 -3.49 3.04 0.08
2016-06-30 2.21 -3.23 2.83 0.19
2016-03-31 2.11 -2.58 2.89 -0.50
2015-12-31 2.00 -1.94 2.95 -1.20
2015-09-30 1.63 -4.05 2.76 -0.37
2015-06-30 1.26 -6.16 2.58 0.46
2015-03-31 0.94 -6.95 2.32 1.17
2014-12-31 0.61 -7.74 2.06 1.88
2014-09-30 0.79 -6.31 1.96 1.91
2014-06-30 0.97 -4.88 1.87 1.95
2014-03-31 1.26 -5.17 1.85 1.58
2013-12-31 1.54 -5.46 1.82 1.21
2013-09-30 1.55 -5.12 1.75 0.95
2013-06-30 1.55 -4.78 1.67 0.70
2013-03-31 1.72 -4.51 1.76 0.43
2012-12-31 1.89 -4.24 1.86 0.16
2012-09-30 1.65 -4.72 2.09 0.58
2012-06-30 1.40 -5.19 2.31 0.99
2012-03-31 0.94 -5.13 2.21 1.29
2011-12-31 0.47 -5.06 2.11 1.60

*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.
  • It is difficult to establish if Sprintex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Sprintex has efficiently used its assets last year compared to the Global Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sprintex improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Sprintex'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.
Sprintex has a total score of 0/6, 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.

SIX Health

 How is Sprintex'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 Sprintex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sprintex's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sprintex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sprintex'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.
  • Sprintex has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Sprintex Company Filings, last reported 5 months ago.

ASX:SIX Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -1.56 2.67 0.09
2018-03-31 -1.56 2.67 0.09
2017-12-30 -0.16 1.73 0.78
2017-09-30 -0.16 1.73 0.78
2017-06-30 0.23 0.30 0.20
2017-03-31 0.23 0.30 0.20
2016-12-31 1.60 0.16 0.79
2016-09-30 1.60 0.16 0.79
2016-06-30 -0.05 2.66 1.17
2016-03-31 -0.05 2.66 1.17
2015-12-31 2.36 0.16 0.53
2015-09-30 2.36 0.16 0.53
2015-06-30 1.71 0.13 0.07
2015-03-31 1.71 0.13 0.07
2014-12-31 1.19 0.69 0.08
2014-09-30 1.19 0.69 0.08
2014-06-30 0.14 2.15 0.17
2014-03-31 0.14 2.15 0.17
2013-12-31 2.13 0.15 0.16
2013-09-30 2.13 0.15 0.16
2013-06-30 2.51 1.08 0.05
2013-03-31 2.51 1.08 0.05
2012-12-31 4.59 0.51 0.07
2012-09-30 4.59 0.51 0.07
2012-06-30 5.33 0.20 0.94
2012-03-31 5.33 0.20 0.94
2011-12-31 5.53 0.45 0.02
  • Sprintex has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Sprintex's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sprintex has less than a year of cash runway based on current free cash flow.
  • Sprintex has less than a year of cash runway if free cash flow continues to grow at historical rates of 15.3% each year.
X
Financial health checks
We assess Sprintex'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. Sprintex has a total score of 1/6, 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.

SIX Dividends

 What is Sprintex'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
0%
Current annual income from Sprintex dividends.
If you bought A$2,000 of Sprintex shares you are expected to receive A$0 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?
  • Unable to evaluate Sprintex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sprintex's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SIX 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 0 Analyst Estimates (S&P Global) See Below
Global Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 145 Stocks 2.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 420 Stocks 4.8%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Sprintex has not reported any payouts.
  • Unable to verify if Sprintex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sprintex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sprintex has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sprintex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Sprintex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sprintex has a total score of 0/6, see the detailed checks below.


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

SIX Management

 What is the CEO of Sprintex'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
Tyrone Jones
COMPENSATION A$324,000
TENURE AS CEO 1.4 years
CEO Bio

Mr. Tyrone Jones has been Chief Executive Officer of Sprintex Limited since July 3, 2017. Mr. Jones served as Chief Operating Officer of Sprintex Limited since November 20, 2014 until July 3, 2017 .Mr Jones joined Sprintex from a background of mechanical engineering followed by 16 years as an aircraft engineer with GE Aviation. Prior to joining Sprintex, Mr. Jones was the Business Leader with GE Aviation On Wing Support in the Middle East and Africa with responsibility for deploying teams to repair aircraft engines across the globe and established a quality repair facility under FAR145 lean and introduce six sigma and process improvement with the view to 100% customer satisfaction by improving efficiency and quality.

CEO Compensation
  • Tyrone's compensation has increased whilst company is loss making.
  • Tyrone's remuneration is about average for companies of similar size in Australia.
Management Team

Tyrone Jones

TITLE
Chief Executive Officer
COMPENSATION
A$324K
TENURE
1.4 yrs

Robert Molkenthin

TITLE
CFO & Company Secretary
COMPENSATION
A$288K
TENURE
4.8 yrs

Jay Upton

TITLE
Technical Consultant
COMPENSATION
A$288K
Board of Directors Tenure

Average tenure of the Sprintex board of directors in years:

8.8
Average Tenure
  • The tenure for the Sprintex board of directors is about average.
Board of Directors

Rick Siemens

TITLE
Non-Executive Chairman
AGE
73
TENURE
13.3 yrs

David White

TITLE
Deputy Chairman
COMPENSATION
A$224K
TENURE
5.3 yrs

Richard O'Brien

TITLE
Independent Non-Executive Director
COMPENSATION
A$24K
TENURE
8.8 yrs

Michael Wilson

TITLE
Non-Executive Director
TENURE
9.2 yrs

Raymond Lau

TITLE
Non-Executive Director
TENURE
3.2 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 Sprintex'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. Sprintex 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.

SIX News

External News
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Simply Wall St News

Why Sprintex Limited's (ASX:SIX) Investor Composition Impacts Your Returns

Check out our latest analysis for Sprintex ASX:SIX Ownership_summary Apr 11th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Private Company Ownership Another group of owners that a potential investor in SIX should consider are private companies, with a stake of 63.04%.

Simply Wall St -

How Long Will Loss-Making Sprintex Limited (ASX:SIX) Survive?

Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … But, if Sprintex continues to ramp up its opex at this rate, given how much money it currently has in the bank, it will actually need to come to market again within the next year. … The outcome of my analysis suggests that if the company maintains the rate of opex growth, it will run out of cash within the year.

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Does Sprintex Limited's (ASX:SIX) CEO Salary Compare Well With Others?

View our latest analysis for Sprintex What has SIX's performance been like? … Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Normally I'd use market cap and profit as factors determining performance, however, SIX's negative earnings lower the effectiveness of this method.

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Want To Invest In Sprintex Limited (ASX:SIX)? Here's How It Performed Lately

Today I will assess SIX's recent performance announced on 31 December 2017 and evaluate these figures to its longer term trend and industry movements. … See our latest analysis for Sprintex Did SIX beat its long-term earnings growth trend and its industry? … Sprintex's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Sprintex Limited (ASX:SIX): How Much Growth Is Left In Automobile?

New opportunities driving future growth in the auto sector is connected and intelligent cars, in particular, web networking, sensors and software, which is not the traditional focus for most automobile companies. … Below, I will examine the sector growth prospects, and also determine whether Sprintex is a laggard or leader relative to its automobile sector peers. … Next Steps: Sprintex has been an automobile industry laggard in the past year.

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Is Sprintex Limited's (ASX:SIX) Balance Sheet Strong Enough To Weather A Storm?

Given that SIX is not presently profitable, it’s vital to evaluate the current state of its operations and pathway to profitability. … Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … With current liabilities at A$2.1M, the company is not able to meet these obligations given the level of current assets of A$1.4M, with a current ratio of 0.68x below the prudent level of 3x.

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How Much Cash Is Left In The Bank For Sprintex Limited (ASX:SIX)?

Additional cash raising may dilute the value of your shares, and since Sprintex is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … How fast Sprintex runs down its cash supply over time is known as the cash burn rate. … But, if Sprintex continues to ramp up its opex at this rate, given how much money it currently has in the bank, it will actually need to come to market again within the next year.

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Who Owns Most Of Sprintex Limited (ASX:SIX)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.What this means for you: Institutional ownership level and composition in SIX is not high nor active enough to significantly impact its investment thesis.

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Where Sprintex Limited (ASX:SIX) Stands In Terms Of Earnings Growth Against Its Industry

Check out our latest analysis for Sprintex Was SIX's recent earnings decline worse than the long-term trend and the industry? … For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Sprintex, the latest earnings -A$4.3M, which, relative to last year’s level, has become more negative.

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Is Now The Right Time To Invest In Automobile And Sprintex Limited (ASX:SIX)?

ASX:SIX PE PEG Gauge Oct 26th 17 The automobile industry is trading at a PE ratio of 15x, relatively similar to the rest of the Australian stock market PE of 16x. … If your initial investment thesis is around the growth prospects of SIX, there are other automobile companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its automobile peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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SIX Company Info

Map
Description

Sprintex Limited, together with its subsidiaries, manufactures and distributes a range of superchargers. It offers Sprintex twin screw superchargers and supercharger systems. The company also provides after-sales service and support to its customers and dealers. It offers its products through its dealer/distributor network. The company operates in the United States, Australia, the United Arab Emirates, and internationally. Sprintex Limited was founded in 2003 and is based in Malaga, Australia. Sprintex Limited operates as a subsidiary of Citicorp Nominees Pty Ltd

Details
Name: Sprintex Limited
SIX
Exchange: ASX
Founded: 2003
A$9,500,000
100,000,000
Website: http://www.sprintex.com.au
Address: Sprintex Limited
183 Mulgul Road,
Malaga,
Western Australia, 6090,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SIX Ordinary Shares Australian Securities Exchange AU AUD 29. May 2008
Number of employees
Current staff
Staff numbers
0
Sprintex employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/15 10:34
End of day share price update: 2018/09/17 00:00
Last earnings filing: 2018/08/31
Last earnings reported: 2018/06/30
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.