ASX:PTB

Stock Analysis Report

Executive Summary

PTB Group Limited engages in the aviation business in Australia, Papua New Guinea, New Zealand, the Pacific Islands, the United States, Asia, Africa, and Europe.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

PTB

-0.6%

AU Aerospace & Defense

1.3%

AU Market


1 Year Return

24.6%

PTB

105.1%

AU Aerospace & Defense

9.9%

AU Market

Return vs Industry: PTB underperformed the Australian Aerospace & Defense industry which returned 105.1% over the past year.

Return vs Market: PTB exceeded the Australian Market which returned 9.9% over the past year.


Shareholder returns

PTBIndustryMarket
7 Day0.7%-0.6%1.3%
30 Day4.3%5.0%-0.7%
90 Day8.5%34.5%-0.4%
1 Year36.4%24.6%108.8%105.1%16.3%9.9%
3 Year113.7%63.3%186.7%173.0%35.8%17.6%
5 Year287.9%129.7%276.2%242.6%51.9%17.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PTB (A$0.74) is trading below our estimate of fair value (A$1.14)

Significantly Undervalued: PTB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PTB is good value based on its PE Ratio (12.9x) compared to the Aerospace & Defense industry average (27x).

PE vs Market: PTB is good value based on its PE Ratio (12.9x) compared to the Australian market (17.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PTB is good value based on its PB Ratio (1.1x) compared to the AU Aerospace & Defense industry average (3.9x).


Next Steps

Future Growth

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

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTB's forecast earnings growth (6.3% per year) is above the savings rate (2.3%).

Earnings vs Market: PTB's earnings (6.3% per year) are forecast to grow slower than the Australian market (10.2% per year).

High Growth Earnings: PTB's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if PTB's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if PTB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PTB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Group performed over the past 5 years?

39.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PTB has become profitable over the past 5 years, growing earnings by 39.7% per year.

Accelerating Growth: PTB's earnings growth over the past year (22.5%) is below its 5-year average (39.7% per year).

Earnings vs Industry: PTB earnings growth over the past year (22.5%) exceeded the Aerospace & Defense industry 17.3%.


Return on Equity

High ROE: PTB's Return on Equity (7.8%) is considered low.


Return on Assets

ROA vs Industry: PTB has a higher Return on Assets than the Aerospace & Defense industry average last year.


Return on Capital Employed

ROCE Improving: PTB's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Group's financial position?


Financial Position Analysis

Short Term Liabilities: PTB's short term assets (A$45.1M) exceeds its short term liabilities (A$10.3M)

Long Term Liabilities: PTB's short term assets (45.1M) exceeds its long term liabilities (22.6M)


Debt to Equity History and Analysis

Debt Level: PTB's debt to equity ratio (31.2%) is considered satisfactory

Reducing Debt: PTB's debt to equity ratio has reduced from 49.6% to 31.2% over the past 5 years.

Debt Coverage: PTB's debt is well covered by operating cash flow (26.3%).

Interest Coverage: PTB's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet

Inventory Level: PTB has a high level of physical assets or inventory.

Debt Coverage by Assets: PTB's debt is covered by short term assets (assets are 2.835300x debt).


Next Steps

Dividend

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

9.52%

Current Dividend Yield


Dividend Yield vs Market

company9.5%marketbottom25%2.5%markettop25%5.6%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PTB's dividend (9.52%) is higher than the bottom 25% of dividend payers in the Australian market (2.5%).

High Dividend: PTB's dividend (9.52%) is in the top 25% of dividend payers in the Australian market (5.6%)

Stable Dividend: PTB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PTB's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (122.7%), PTB's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Group's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

Stephen Smith (61yo)

2.4yrs

Tenure

AU$439,980

Compensation

Mr. Stephen Garry Smith has been Managing Director of PTB Group Limited since May 1, 2017 and serves as its Chief Executive Officer. Mr. Smith serves as Executive Director of PTB Group Limited since May 23 ...


CEO Compensation Analysis

Compensation vs. Market: Stephen has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Australian market.

Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.5yrs

Average Tenure

Experienced Management: PTB's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

68yo

Average Age

Experienced Board: PTB's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: PTB insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellAU$81,74916 Sep 19
Craig Baker
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares115,139
Max PriceAU$0.71
BuyAU$299,29425 Jun 19
Kiowa 2018 Corporate Trustee Company Limted
EntityCompany
Shares445,604
Max PriceAU$0.68
SellAU$286,89603 Jun 19
Andrew Peter Kemp
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares102,978
Max PriceAU$15.94
SellAU$95,63203 Jun 19
Huntington Group Pty Limited, Asset Management Arm
EntityCompany
Shares39,500
Max PriceAU$2.42
BuyAU$21,43030 Oct 18
Andrew Peter Kemp
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares40,000
Max PriceAU$0.54

Ownership Breakdown


Management Team

  • Stephen Smith (61yo)

    MD, CEO & Executive Director

    • Tenure: 2.4yrs
    • Compensation: AU$439.98k
  • Daniel Zgrajewski

    CFO & Company Secretary

    • Tenure: 5.9yrs
    • Compensation: AU$239.16k
  • D. Davant

    President of Pacific Turbine USA

    • Tenure: 2.5yrs

Board Members

  • Andrew Peter Kemp (68yo)

    Non-Executive Director

    • Tenure: 13.2yrs
    • Compensation: AU$21.80k
  • Stephen Smith (61yo)

    MD, CEO & Executive Director

    • Tenure: 2.4yrs
    • Compensation: AU$439.98k
  • Craig Baker (73yo)

    Non-Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: AU$43.80k
  • Russell Cole

    Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: AU$30.00k
  • Prince Gunasekara

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: AU$190.00k

Company Information

PTB Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PTB Group Limited
  • Ticker: PTB
  • Exchange: ASX
  • Founded: 2001
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: AU$55.055m
  • Shares outstanding: 74.90m
  • Website: https://www.pacificturbine.com.au

Location

  • PTB Group Limited
  • 22 Orient Avenue
  • Pinkenba
  • Queensland
  • 4008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTBASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2006
PTBCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2006

Biography

PTB Group Limited engages in the aviation business in Australia, Papua New Guinea, New Zealand, the Pacific Islands, the United States, Asia, Africa, and Europe. It operates through four segments: PTB, PT  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 10:34
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.