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PTB

GroupASX:PTB Stock Report

Market Cap

AU$116.4m

7D

-2.7%

1Y

35.6%

Updated

18 Oct, 2021

Data

Company Financials +
PTB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

PTB Overview

PTB Group Limited, together with its subsidiaries, engages in the aviation business in Australia, Papua New Guinea, New Zealand, the Pacific Islands, North and South America, Asia, Africa, and Europe.

Group Competitors

Spirit AeroSystems Holdings

NYSE:SPR

US$4.5b

Aerospace Industrial Development

TWSE:2634

NT$26.6b

Magellan Aerospace

TSX:MAL

CA$607.3m

Latécoère

ENXTPA:LAT

€289.3m

Price History & Performance

Summary of all time highs, changes and price drops for Group
Historical stock prices
Current Share PriceAU$0.92
52 Week HighAU$0.65
52 Week LowAU$1.06
Beta1.28
1 Month Change-8.04%
3 Month Change25.34%
1 Year Change35.56%
3 Year Change57.76%
5 Year Change83.00%
Change since IPO-63.55%

Recent News & Updates

Sep 26
Group (ASX:PTB) Is Increasing Its Dividend To AU$0.05

Group (ASX:PTB) Is Increasing Its Dividend To AU$0.05

PTB Group Limited ( ASX:PTB ) will increase its dividend on the 29th of October to AU$0.05. This makes the dividend...

Sep 12
Group's (ASX:PTB) Dividend Will Be Increased To AU$0.05

Group's (ASX:PTB) Dividend Will Be Increased To AU$0.05

The board of PTB Group Limited ( ASX:PTB ) has announced that it will be increasing its dividend on the 29th of October...

Aug 29
Group (ASX:PTB) Is Increasing Its Dividend To AU$0.05

Group (ASX:PTB) Is Increasing Its Dividend To AU$0.05

PTB Group Limited ( ASX:PTB ) has announced that it will be increasing its dividend on the 29th of October to AU$0.05...

Shareholder Returns

PTBAU Aerospace & DefenseAU Market
7D-2.7%1.7%0.9%
1Y35.6%-37.2%20.2%

Return vs Industry: PTB exceeded the Australian Aerospace & Defense industry which returned -37.2% over the past year.

Return vs Market: PTB exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is PTB's price volatile compared to industry and market?
PTB volatility
PTB Beta1.28
Industry Beta0.85
Market Beta1

Stable Share Price: PTB is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PTB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/aStephen Smithhttps://www.pacificturbine.com.au

PTB Group Limited, together with its subsidiaries, engages in the aviation business in Australia, Papua New Guinea, New Zealand, the Pacific Islands, North and South America, Asia, Africa, and Europe. It operates through four segments: PTB, PT USA, PT Leasing, and IAP. The company repairs and overhauls Pratt & Whitney PT6A/PT6T, Honeywell TPE331/T53, and Bell Drivetrain turbine engines; provides engine maintenance contracts; and trades in aircraft airframes, turbine engines, and related parts.

Group Fundamentals Summary

How do Group's earnings and revenue compare to its market cap?
PTB fundamental statistics
Market CapAU$116.39m
Earnings (TTM)AU$12.80m
Revenue (TTM)AU$85.24m

9.1x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PTB income statement (TTM)
RevenueAU$85.24m
Cost of RevenueAU$43.00m
Gross ProfitAU$42.24m
ExpensesAU$29.43m
EarningsAU$12.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin49.55%
Net Profit Margin15.02%
Debt/Equity Ratio27.4%

How did PTB perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

50%

Payout Ratio

Valuation

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

21.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PTB (A$0.92) is trading below our estimate of fair value (A$1.17)

Significantly Below Fair Value: PTB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PTB is good value based on its PE Ratio (9.1x) compared to the Global Aerospace & Defense industry average (31.6x).

PE vs Market: PTB is good value based on its PE Ratio (9.1x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: PTB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PTB is good value based on its PB Ratio (1.2x) compared to the AU Aerospace & Defense industry average (1.7x).


Future Growth

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

-10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTB's earnings are forecast to decline over the next 3 years (-10.8% per year).

Earnings vs Market: PTB's earnings are forecast to decline over the next 3 years (-10.8% per year).

High Growth Earnings: PTB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PTB's revenue (9.9% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: PTB's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PTB's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has Group performed over the past 5 years?

32.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTB has a large one-off gain of A$5.8M impacting its June 30 2021 financial results.

Growing Profit Margin: PTB's current net profit margins (15%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: PTB's earnings have grown significantly by 32.9% per year over the past 5 years.

Accelerating Growth: PTB's earnings growth over the past year (218.5%) exceeds its 5-year average (32.9% per year).

Earnings vs Industry: PTB earnings growth over the past year (218.5%) exceeded the Aerospace & Defense industry 22.9%.


Return on Equity

High ROE: PTB's Return on Equity (13.7%) is considered low.


Financial Health

How is Group's financial position?


Financial Position Analysis

Short Term Liabilities: PTB's short term assets (A$99.5M) exceed its short term liabilities (A$27.2M).

Long Term Liabilities: PTB's short term assets (A$99.5M) exceed its long term liabilities (A$28.6M).


Debt to Equity History and Analysis

Debt Level: PTB's debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: PTB's debt to equity ratio has reduced from 36.3% to 27.4% over the past 5 years.

Debt Coverage: PTB's debt is well covered by operating cash flow (28.5%).

Interest Coverage: PTB's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet


Dividend

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

5.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PTB's dividend (5.46%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: PTB's dividend (5.46%) is in the top 25% of dividend payers in the Australian market (5.32%)


Stability and Growth of Payments

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

Growing Dividend: PTB has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.6%), PTB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PTB's dividends in 3 years are forecast to be covered by earnings (50% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Stephen Smith (63 yo)

4.42yrs

Tenure

AU$750,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD556.67K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Stephen's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PTB's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: PTB's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PTB insiders have only sold shares 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

PTB Group Limited's 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$116.391m
  • Shares outstanding: 127.20m
  • Website: https://www.pacificturbine.com.au

Location

  • PTB Group Limited
  • 22 Orient Avenue
  • P.O Box 90
  • Pinkenba
  • Queensland
  • 4008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:08
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.