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ASH

Ashley Services GroupASX:ASH Stock Report

Last Price

AU$0.56

Market Cap

AU$80.6m

7D

-3.4%

1Y

43.0%

Updated

20 Jan, 2022

Data

Company Financials
ASH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

ASH Stock Overview

Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Ashley Services Group
Historical stock prices
Current Share PriceAU$0.56
52 Week HighAU$0.64
52 Week LowAU$0.40
Beta1.12
1 Month Change-5.83%
3 Month Change0%
1 Year Change43.04%
3 Year Change126.00%
5 Year Changen/a
Change since IPO-70.26%

Recent News & Updates

Oct 28
Ashley Services Group Limited's (ASX:ASH) CEO Looks Like They Deserve Their Pay Packet

Ashley Services Group Limited's (ASX:ASH) CEO Looks Like They Deserve Their Pay Packet

We have been pretty impressed with the performance at Ashley Services Group Limited ( ASX:ASH ) recently and CEO Ross...

Aug 31
Ashley Services Group's (ASX:ASH) Dividend Will Be Reduced To AU$0.024

Ashley Services Group's (ASX:ASH) Dividend Will Be Reduced To AU$0.024

Ashley Services Group Limited's ( ASX:ASH ) dividend is being reduced to AU$0.024 on the 17th of September. However...

Aug 03
Ashley Services Group's (ASX:ASH) Shareholders Will Receive A Smaller Dividend Than Last Year

Ashley Services Group's (ASX:ASH) Shareholders Will Receive A Smaller Dividend Than Last Year

Ashley Services Group Limited's ( ASX:ASH ) dividend is being reduced by 11% to AU$0.024 per share on 17th of...

Jul 29
Estimating The Fair Value Of Ashley Services Group Limited (ASX:ASH)

Estimating The Fair Value Of Ashley Services Group Limited (ASX:ASH)

In this article we are going to estimate the intrinsic value of Ashley Services Group Limited ( ASX:ASH ) by taking the...

Shareholder Returns

ASHAU Professional ServicesAU Market
7D-3.4%-0.3%-1.7%
1Y43.0%14.9%7.7%

Return vs Industry: ASH exceeded the Australian Professional Services industry which returned 14.9% over the past year.

Return vs Market: ASH exceeded the Australian Market which returned 7.7% over the past year.

Price Volatility

Is ASH's price volatile compared to industry and market?
ASH volatility
ASH Average Weekly Movement5.4%
Professional Services Industry Average Movement6.0%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.3%
10% least volatile stocks in AU Market3.6%

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

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

About the Company

FoundedEmployeesCEOWebsite
1968n/aRoss Shrimptonhttps://www.ashleyservicesgroup.com.au

Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia. It operates through two segments, Labor Hire and Training. The company offers white-collar recruitment services, including permanent, temporary, and contract placements through multi-specialist providers under the Blackadder and Concept Recruitment Specialists brand name; and labor hire and workforce solutions under the Action Workforce and Concept Engineering brands.

Ashley Services Group Fundamentals Summary

How do Ashley Services Group's earnings and revenue compare to its market cap?
ASH fundamental statistics
Market CapAU$80.63m
Earnings (TTM)AU$9.15m
Revenue (TTM)AU$383.67m

8.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASH income statement (TTM)
RevenueAU$383.67m
Cost of RevenueAU$360.93m
Gross ProfitAU$22.74m
ExpensesAU$13.59m
EarningsAU$9.15m

Last Reported Earnings

Jul 04, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.064
Gross Margin5.93%
Net Profit Margin2.38%
Debt/Equity Ratio3.8%

How did ASH perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is Ashley Services 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: ASH (A$0.57) is trading below our estimate of fair value (A$1.17)

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


Price To Earnings Ratio

PE vs Industry: ASH is good value based on its PE Ratio (8.9x) compared to the Australian Professional Services industry average (21.9x).

PE vs Market: ASH is good value based on its PE Ratio (8.9x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ASH is good value based on its PB Ratio (2.9x) compared to the AU Professional Services industry average (3.4x).


Future Growth

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

17.2%

Forecasted Commercial Services 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 Ashley Services Group 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.


Past Performance

How has Ashley Services Group performed over the past 5 years?

77.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASH has a high level of non-cash earnings.

Growing Profit Margin: ASH's current net profit margins (2.4%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: ASH has become profitable over the past 5 years, growing earnings by 77.7% per year.

Accelerating Growth: ASH's earnings growth over the past year (95.8%) exceeds its 5-year average (77.7% per year).

Earnings vs Industry: ASH earnings growth over the past year (95.8%) exceeded the Professional Services industry 9.3%.


Return on Equity

High ROE: ASH's Return on Equity (33.7%) is considered high.


Financial Health

How is Ashley Services Group's financial position?


Financial Position Analysis

Short Term Liabilities: ASH's short term assets (A$50.2M) exceed its short term liabilities (A$35.5M).

Long Term Liabilities: ASH's short term assets (A$50.2M) exceed its long term liabilities (A$6.2M).


Debt to Equity History and Analysis

Debt Level: ASH has more cash than its total debt.

Reducing Debt: ASH's debt to equity ratio has increased from 1% to 3.8% over the past 5 years.

Debt Coverage: ASH's debt is well covered by operating cash flow (497.5%).

Interest Coverage: ASH's interest payments on its debt are well covered by EBIT (34.4x coverage).


Balance Sheet


Dividend

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

8.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASH's dividend (8.5%) is higher than the bottom 25% of dividend payers in the Australian market (2.21%).

High Dividend: ASH's dividend (8.5%) is in the top 25% of dividend payers in the Australian market (5.47%)


Stability and Growth of Payments

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

Growing Dividend: ASH's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.1%), ASH's dividend payments are 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

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

5.0yrs

Average management tenure


CEO

Ross Shrimpton

5yrs

Tenure

AU$450,000

Compensation

Mr. Ross John Shrimpton, BComm (UNSW), CA, MAICD is the Founder of Ashley Services Group Limited and has been its Managing Director and Executive Director since January 23, 2017. Mr. Shrimpton served as...


CEO Compensation Analysis

Compensation vs Market: Ross's total compensation ($USD324.93K) is about average for companies of similar size in the Australian market ($USD290.00K).

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


Leadership Team

Experienced Management: ASH's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: ASH's board of directors are considered experienced (6.3 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

Ashley Services Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Ashley Services Group Limited
  • Ticker: ASH
  • Exchange: ASX
  • Founded: 1968
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: AU$80.627m
  • Shares outstanding: 143.98m
  • Website: https://www.ashleyservicesgroup.com.au

Location

  • Ashley Services Group Limited
  • 92 Pitt Street
  • Level 10
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 07:02
End of Day Share Price2022/01/20 00:00
Earnings2021/07/04
Annual Earnings2021/07/04


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.