Kina Securities Limited, together with its subsidiaries, provides commercial banking, financial, fund administration, investment management, and share brokerage services in Papua New Guinea.
Kina Securities Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.88|
|52 Week High||AU$0.71|
|52 Week Low||AU$1.20|
|1 Month Change||3.53%|
|3 Month Change||-13.30%|
|1 Year Change||12.82%|
|3 Year Change||-16.19%|
|5 Year Change||-16.19%|
|Change since IPO||-32.31%|
Recent News & Updates
Kina Securities Limited (ASX:KSL) Is Yielding 9.5% - But Is It A Buy?
Today we'll take a closer look at Kina Securities Limited ( ASX:KSL ) from a dividend investor's perspective. Owning a...
|KSL||AU Banks||AU Market|
Return vs Industry: KSL underperformed the Australian Banks industry which returned 44.6% over the past year.
Return vs Market: KSL underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: KSL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KSL's weekly volatility (4%) has been stable over the past year.
About the Company
Kina Securities Limited, together with its subsidiaries, provides commercial banking, financial, fund administration, investment management, and share brokerage services in Papua New Guinea. The company operates through two segments, Bank and Wealth Management. It also offers savings, cheque and business cheque, cash management, fixed deposit accounts; debit cards; and insurance products, such as business assets and income, and business liability, theft and burglary, and workers compensation insurance.
Kina Securities Fundamentals Summary
|KSL fundamental statistics|
Is KSL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KSL income statement (TTM)|
|Cost of Revenue||K0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.30|
|Net Profit Margin||28.30%|
How did KSL perform over the long term?See historical performance and comparison
10.8%Current Dividend Yield
Is Kina Securities undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KSL (A$0.88) is trading below our estimate of fair value (A$2.17)
Significantly Below Fair Value: KSL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KSL is good value based on its PE Ratio (7.7x) compared to the Australian Banks industry average (10.3x).
PE vs Market: KSL is good value based on its PE Ratio (7.7x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: KSL is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: KSL is overvalued based on its PB Ratio (1.2x) compared to the AU Banks industry average (1x).
How is Kina Securities forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KSL's forecast earnings growth (23.6% per year) is above the savings rate (1.9%).
Earnings vs Market: KSL's earnings (23.6% per year) are forecast to grow faster than the Australian market (11.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KSL's revenue (13.1% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: KSL's revenue (13.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KSL's Return on Equity is forecast to be high in 3 years time (21.4%)
How has Kina Securities performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KSL has a high level of non-cash earnings.
Growing Profit Margin: KSL's current net profit margins (28.3%) are higher than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: KSL's earnings have grown significantly by 25.3% per year over the past 5 years.
Accelerating Growth: KSL's earnings growth over the past year (29.9%) exceeds its 5-year average (25.3% per year).
Earnings vs Industry: KSL earnings growth over the past year (29.9%) exceeded the Banks industry 13.7%.
Return on Equity
High ROE: KSL's Return on Equity (15.2%) is considered low.
How is Kina Securities's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: KSL's Assets to Equity ratio (6.2x) is low.
Allowance for Bad Loans: KSL has a low allowance for bad loans (23%).
Low Risk Liabilities: 94% of KSL's liabilities are made up of primarily low risk sources of funding.
Loan Level: KSL has an appropriate level of Loans to Assets ratio (50%).
Low Risk Deposits: KSL's Loans to Deposits ratio (63%) is appropriate.
Level of Bad Loans: KSL has a high level of bad loans (9.1%).
What is Kina Securities's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KSL's dividend (10.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: KSL's dividend (10.81%) is in the top 25% of dividend payers in the Australian market (5.33%)
Stability and Growth of Payments
Stable Dividend: KSL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: KSL's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.7%), KSL's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KSL's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Pawson (55 yo)
Mr. Gregory Alan Pawson, also known as Greg, has been Managing Director of Kina Securities Limited since January 02, 2018 and has been its Chief Executive Officer since December 2017. He was Director of Ki...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD541.37K) is about average for companies of similar size in the Australian market ($USD547.68K).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Experienced Management: KSL's management team is considered experienced (4.6 years average tenure).
Experienced Board: KSL's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Kina Securities Limited's employee growth, exchange listings and data sources
- Name: Kina Securities Limited
- Ticker: KSL
- Exchange: ASX
- Founded: 1985
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: AU$255.373m
- Shares outstanding: 286.94m
- Website: https://www.kinabank.com.pg
Number of Employees
- Kina Securities Limited
- Kina Bank Haus
- Level 9
- Port Moresby
- Papua New Guinea
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 07:04|
|End of Day Share Price||2021/10/20 00:00|
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.