| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
CYG Overview
Coventry Group Ltd primarily distributes industrial products in Australia and New Zealand.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.84 |
| 52 Week High | AU$0.84 |
| 52 Week Low | AU$1.85 |
| Beta | 1.11 |
| 1 Month Change | 18.71% |
| 3 Month Change | 26.46% |
| 1 Year Change | 116.47% |
| 3 Year Change | 55.93% |
| 5 Year Change | 100.00% |
| Change since IPO | -70.32% |
Recent News & Updates
Shareholders Would Not Be Objecting To Coventry Group Ltd's (ASX:CYG) CEO Compensation And Here's Why
It would be hard to discount the role that CEO Robert Bulluss has played in delivering the impressive results at...
Is Coventry Group (ASX:CYG) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Shareholder Returns
| CYG | AU Trade Distributors | AU Market | |
|---|---|---|---|
| 7D | 11.5% | 2.0% | 1.7% |
| 1Y | 116.5% | 15.9% | 20.2% |
Return vs Industry: CYG exceeded the Australian Trade Distributors industry which returned 14.2% over the past year.
Return vs Market: CYG exceeded the Australian Market which returned 20.3% over the past year.
Price Volatility
| CYG volatility | |
|---|---|
| CYG Beta | 1.11 |
| Industry Beta | 0.83 |
| Market Beta | 1 |
Stable Share Price: CYG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CYG's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1936 | n/a | Robert Bulluss | https://www.cgl.com.au |
Coventry Group Ltd primarily distributes industrial products in Australia and New Zealand. It operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial fasteners, stainless steel fasteners, industrial hardware, construction fasteners, specialized fastener products and systems, and associated industrial tools and consumables.
Coventry Group Fundamentals Summary
| CYG fundamental statistics | |
|---|---|
| Market Cap | AU$168.23m |
| Earnings (TTM) | AU$7.25m |
| Revenue (TTM) | AU$288.52m |
23.2x
P/E Ratio0.6x
P/S RatioIs CYG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CYG income statement (TTM) | |
|---|---|
| Revenue | AU$288.52m |
| Cost of Revenue | AU$178.37m |
| Gross Profit | AU$110.16m |
| Expenses | AU$102.91m |
| Earnings | AU$7.25m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.079 |
| Gross Margin | 38.18% |
| Net Profit Margin | 2.51% |
| Debt/Equity Ratio | 22.3% |
How did CYG perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield37%
Payout RatioValuation
Is Coventry Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CYG (A$1.84) is trading below our estimate of fair value (A$4.15)
Significantly Below Fair Value: CYG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CYG is good value based on its PE Ratio (23.2x) compared to the Australian Trade Distributors industry average (28.7x).
PE vs Market: CYG is poor value based on its PE Ratio (23.2x) compared to the Australian market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: CYG is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CYG's PB Ratio (1.5x) is in line with the AU Trade Distributors industry average.
Future Growth
How is Coventry Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
27.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CYG's forecast earnings growth (27.9% per year) is above the savings rate (1.9%).
Earnings vs Market: CYG's earnings (27.9% per year) are forecast to grow faster than the Australian market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CYG's revenue (5.8% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: CYG's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CYG's Return on Equity is forecast to be low in 3 years time (12.7%).
Past Performance
How has Coventry Group performed over the past 5 years?
59.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CYG has a large one-off loss of A$2.3M impacting its June 30 2021 financial results.
Growing Profit Margin: CYG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CYG has become profitable over the past 5 years, growing earnings by 59.9% per year.
Accelerating Growth: CYG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CYG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (28.1%).
Return on Equity
High ROE: CYG's Return on Equity (6.6%) is considered low.
Financial Health
How is Coventry Group's financial position?
Financial Position Analysis
Short Term Liabilities: CYG's short term assets (A$123.2M) exceed its short term liabilities (A$89.7M).
Long Term Liabilities: CYG's short term assets (A$123.2M) exceed its long term liabilities (A$49.2M).
Debt to Equity History and Analysis
Debt Level: CYG's debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: CYG's debt to equity ratio has increased from 0.07% to 22.3% over the past 5 years.
Debt Coverage: CYG's debt is well covered by operating cash flow (28.4%).
Interest Coverage: CYG's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Dividend
What is Coventry Group current dividend yield, its reliability and sustainability?
1.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CYG's dividend (1.63%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: CYG's dividend (1.63%) is low compared to the top 25% of dividend payers in the Australian market (5.28%).
Stability and Growth of Payments
Stable Dividend: CYG's dividend payments have been volatile in the past 10 years.
Growing Dividend: CYG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.2%), CYG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CYG's dividends in 3 years are forecast to be well covered by earnings (46.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Robert Bulluss
4.42yrs
Tenure
AU$749,464
Compensation
Mr. Robert James Bulluss, FCPA, GAICD, B BUS (Acc) has been Chief Executive Officer of Coventry Group Ltd since May 3, 2017 and its Managing Director since August 29, 2017 and served as its Chief Financial...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD555.45K) is above average for companies of similar size in the Australian market ($USD301.95K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CYG's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: CYG's board of directors are considered experienced (4 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Coventry Group Ltd's employee growth, exchange listings and data sources
Key Information
- Name: Coventry Group Ltd
- Ticker: CYG
- Exchange: ASX
- Founded: 1936
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: AU$168.232m
- Shares outstanding: 91.43m
- Website: https://www.cgl.com.au
Number of Employees
Location
- Coventry Group Ltd
- 235 Settlement Road
- Thomastown
- Victoria
- 3074
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/20 07:03 |
| End of Day Share Price | 2021/10/18 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.