ASX:OLH

Stock Analysis Report

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Executive Summary

Oldfields Holdings Limited manufactures, markets, and imports scaffolding and painting accessories in Australia. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Oldfields Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OLH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

OLH

-4.9%

AU Machinery

-3.9%

AU Market


1 Year Return

17.6%

OLH

-2.3%

AU Machinery

-9.6%

AU Market

Return vs Industry: OLH exceeded the Australian Machinery industry which returned -2.3% over the past year.

Return vs Market: OLH exceeded the Australian Market which returned -9.6% over the past year.


Shareholder returns

OLHIndustryMarket
7 Day0%-4.9%-3.9%
30 Day0%12.8%1.8%
90 Dayn/a42.1%1.7%
1 Year17.6%17.6%-0.7%-2.3%-6.4%-9.6%
3 Year-11.1%-11.1%2.8%0.03%12.3%-1.9%
5 Year110.5%110.5%153.2%112.2%40.0%11.3%

Price Volatility Vs. Market

How volatile is Oldfields Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oldfields Holdings undervalued compared to its fair value and its price relative to the market?

1.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate OLH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate OLH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: OLH is unprofitable, so we can't compare its PE Ratio to the AU Machinery industry average.

PE vs Market: OLH is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OLH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OLH's PB Ratio (1.9x) is in line with the AU Machinery industry average.


Next Steps

Future Growth

How is Oldfields Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.6%

Forecasted Capital Goods industry annual growth in earnings


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 Oldfields Holdings 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Oldfields Holdings performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLH is currently unprofitable.

Growing Profit Margin: OLH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OLH is unprofitable, but has reduced losses over the past 5 years at a rate of 11.4% per year.

Accelerating Growth: Unable to compare OLH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OLH is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (39.3%).


Return on Equity

High ROE: OLH has a negative Return on Equity (-15.4%), as it is currently unprofitable.


Next Steps

Financial Health

How is Oldfields Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: OLH's short term assets (A$9.0M) exceed its short term liabilities (A$6.3M).

Long Term Liabilities: OLH's short term assets (A$9.0M) exceed its long term liabilities (A$2.1M).


Debt to Equity History and Analysis

Debt Level: OLH's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: OLH's debt to equity ratio has reduced from 147.4% to 1.5% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: OLH has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: OLH has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 29.7% each year


Next Steps

Dividend

What is Oldfields Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OLH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OLH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OLH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OLH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OLH is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OLH's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Richard Abela

3.83yrs

Tenure

AU$273,461

Compensation

Mr. Richard John Abela has been Chief Executive Officer, Managing Director and Director at Oldfields Holdings Limited since December 12, 2016. Mr. Abela served as Managing Director at Hettich International ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD192.46K) is about average for companies of similar size in the Australian market ($USD274.23K).

Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Abela
CEO, MD & Executive Director3.83yrsAU$273.46k0.12%
A$ 16.1k
Ka Lee
CFO & Company Secretary1.25yrsAU$213.29kno data
Kenneth Holloway
Marketing Director of Oldfields Paint Applicationsno dataAU$9.19kno data
Arthur Leong
Group Financial Controller of Scaffold Division12.42yrsno datano data
Maurice Rivera
General Manager of Scaffold Divisionno dataAU$199.25kno data

3.8yrs

Average Tenure

Experienced Management: OLH's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Abela
CEO, MD & Executive Director3.83yrsAU$273.46k0.12%
A$ 16.1k
David Baird
Independent Non-Executive Director0.42yrAU$8.22k0.13%
A$ 18.0k
Jie Ma
Non-Executive Director0.83yrAU$20.56kno data
Jonathan Doy
Independent Interim Chairman0.42yrAU$8.22kno data

0.6yrs

Average Tenure

Experienced Board: OLH's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 104.1%.


Top Shareholders

Company Information

Oldfields Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oldfields Holdings Limited
  • Ticker: OLH
  • Exchange: ASX
  • Founded: 1916
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: AU$13.417m
  • Shares outstanding: 167.71m
  • Website: https://www.oldfields.com.au

Number of Employees


Location

  • Oldfields Holdings Limited
  • 8 Farrow Road
  • Campbelltown
  • New South Wales
  • 2560
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992

Biography

Oldfields Holdings Limited manufactures, markets, and imports scaffolding and painting accessories in Australia. The company operates through Consumer Products and Scaffolding segments. The Consumer Produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:44
End of Day Share Price2020/09/11 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.