Primero Group Limited provides design, engineering, construction, and operational services to the minerals, energy, and infrastructure sectors in Australia. More Details
+ 1 more risk
Very undervalued with exceptional growth potential.
Share Price & News
How has Primero Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PGX's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PGX exceeded the Australian Construction industry which returned -33.4% over the past year.
Return vs Market: PGX exceeded the Australian Market which returned -9.6% over the past year.
Price Volatility Vs. Market
How volatile is Primero Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StShould You Be Impressed By Primero Group's (ASX:PGX) Returns on Capital?
1 month ago | Simply Wall StWe're Not Counting On Primero Group (ASX:PGX) To Sustain Its Statutory Profitability
1 month ago | Simply Wall StShould You Think About Buying Primero Group Limited (ASX:PGX) Now?
Is Primero Group 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: PGX (A$0.42) is trading below our estimate of fair value (A$0.77)
Significantly Below Fair Value: PGX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PGX is good value based on its PE Ratio (14.7x) compared to the AU Construction industry average (16.6x).
PE vs Market: PGX is good value based on its PE Ratio (14.7x) compared to the Australian market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: PGX is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: PGX is good value based on its PB Ratio (1.5x) compared to the AU Construction industry average (2x).
How is Primero Group 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: PGX's forecast earnings growth (36% per year) is above the savings rate (2.3%).
Earnings vs Market: PGX's earnings (36% per year) are forecast to grow faster than the Australian market (17.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PGX's revenue (23.9% per year) is forecast to grow faster than the Australian market (4.8% per year).
High Growth Revenue: PGX's revenue (23.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGX's Return on Equity is forecast to be high in 3 years time (28.6%)
How has Primero Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGX has a high level of non-cash earnings.
Growing Profit Margin: PGX's current net profit margins (2.3%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: PGX's earnings have grown significantly by 30.3% per year over the past 5 years.
Accelerating Growth: PGX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PGX had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Construction industry average (-3.4%).
Return on Equity
High ROE: PGX's Return on Equity (9.9%) is considered low.
How is Primero Group's financial position?
Financial Position Analysis
Short Term Liabilities: PGX's short term assets (A$105.2M) exceed its short term liabilities (A$65.6M).
Long Term Liabilities: PGX's short term assets (A$105.2M) exceed its long term liabilities (A$4.8M).
Debt to Equity History and Analysis
Debt Level: PGX is debt free.
Reducing Debt: PGX had no debt 5 years ago.
Debt Coverage: PGX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PGX has no debt, therefore coverage of interest payments is not a concern.
What is Primero Group current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PGX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PGX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PGX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PGX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PGX is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PGX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Cameron David Henry is the Chief Executive Officer, Founding Managing Director and Executive Director of Primero Group Limited. Mr. Henry has been Independent Non-Executive Director of RareX Limited si ...
CEO Compensation Analysis
Compensation vs Market: Cameron's total compensation ($USD368.57K) is above average for companies of similar size in the Australian market ($USD274.23K).
Compensation vs Earnings: Cameron's compensation has been consistent with company performance over the past year.
|CEO, MD & Executive Director||no data||AU$523.71k||13.9% |
|Director of Operations||no data||AU$405.03k||10.94% |
|Director of Development & Executive Director||no data||AU$429.20k||10.59% |
|Independent Non-Executive Chairman||2.42yrs||AU$99.78k||0.073% |
|Independent Non-Executive Director||0.17yr||no data||no data|
|Independent Non-Executive Director||0.17yr||no data||no data|
Experienced Board: PGX's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.
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 14.7%.
Primero Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Primero Group Limited
- Ticker: PGX
- Exchange: ASX
- Founded: 2011
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: AU$72.109m
- Shares outstanding: 171.69m
- Website: https://www.primero.com.au
- Primero Group Limited
- 78 Hasler Road
- Osborne Park
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PGX||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2018|
|PGX||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2018|
Primero Group Limited provides design, engineering, construction, and operational services to the minerals, energy, and infrastructure sectors in Australia. Its services include full plant design and feasi ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/31 10:36|
|End of Day Share Price||2020/10/30 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.