Ashley Services Group
Market Cap
AU$28.8m
Last Updated
2020/03/28 10:49 UTC
Data Sources
Company Financials
Executive Summary
Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet.
Share Price & News
How has Ashley Services Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASH's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-25.9%
ASH
-2.4%
AU Professional Services
0.3%
AU Market
1 Year Return
-20.0%
ASH
-23.6%
AU Professional Services
-22.9%
AU Market
Return vs Industry: ASH exceeded the Australian Professional Services industry which returned -23.5% over the past year.
Return vs Market: ASH exceeded the Australian Market which returned -22.8% over the past year.
Shareholder returns
| ASH | Industry | Market | |
|---|---|---|---|
| 7 Day | -25.9% | -2.4% | 0.3% |
| 30 Day | -51.8% | -35.0% | -27.8% |
| 90 Day | -53.5% | -39.0% | -30.0% |
| 1 Year | -13.1%-20.0% | -21.5%-23.6% | -19.4%-22.9% |
| 3 Year | 284.8%222.6% | -6.5%-14.4% | -8.3%-20.8% |
| 5 Year | -79.4%-84.0% | 1.4%-13.9% | 2.9%-20.3% |
Price Volatility Vs. Market
How volatile is Ashley Services Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why I Think Ashley Services Group (ASX:ASH) Is An Interesting Stock3 months ago | Simply Wall St
Consider This Before Buying Ashley Services Group Limited (ASX:ASH) For The 7.3% Dividend3 months ago | Simply Wall St
Does Ashley Services Group Limited's (ASX:ASH) P/E Ratio Signal A Buying Opportunity?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$0.2) is trading below our estimate of fair value (A$0.85)
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 (4.9x) compared to the Professional Services industry average (11.4x).
PE vs Market: ASH is good value based on its PE Ratio (4.9x) compared to the Australian market (12.6x).
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 (1.2x) compared to the AU Professional Services industry average (1.2x).
Next Steps
Future Growth
How is Ashley Services Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
17.5%
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.
Next Steps
- Examine whether Ashley Services Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Ashley Services Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has Ashley Services Group performed over the past 5 years?
34.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASH has high quality earnings.
Growing Profit Margin: ASH's current net profit margins (1.8%) are higher than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: ASH has become profitable over the past 5 years, growing earnings by 34% per year.
Accelerating Growth: ASH's earnings growth over the past year (10.5%) is below its 5-year average (34% per year).
Earnings vs Industry: ASH earnings growth over the past year (10.5%) underperformed the Professional Services industry 12.9%.
Return on Equity
High ROE: ASH's Return on Equity (25%) is considered high.
Next Steps
Financial Health
How is Ashley Services Group's financial position?
Financial Position Analysis
Short Term Liabilities: ASH's short term assets (A$47.3M) exceed its short term liabilities (A$28.6M).
Long Term Liabilities: ASH's short term assets (A$47.3M) exceed its long term liabilities (A$11.4M).
Debt to Equity History and Analysis
Debt Level: ASH's debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: ASH's debt to equity ratio has increased from 6.4% to 23.2% over the past 5 years.
Balance Sheet
Inventory Level: ASH has a low level of unsold assets or inventory.
Debt Coverage by Assets: ASH's debt is covered by short term assets (assets are 8.3x debt).
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: ASH is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: ASH is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Ashley Services Group's current dividend yield, its reliability and sustainability?
13.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASH's dividend (13.5%) is higher than the bottom 25% of dividend payers in the Australian market (3.37%).
High Dividend: ASH's dividend (13.5%) is in the top 25% of dividend payers in the Australian market (8.57%)
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 has only been paying a dividend for 5 years, and since then payments have fallen.
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?
3.2yrs
Average management tenure
CEO
Ross Shrimpton
3.17s
Tenure
AU$425,000
Compensation
Mr. Ross John Shrimpton has been a Managing Director and Executive Director of Ashley Services Group Limited since January 23, 2017. Mr. Shrimpton served as Managing Director of Ashley Services Group Limit ...
CEO Compensation Analysis
Compensation vs Market: Ross's total compensation ($USD260.67K) is about average for companies of similar size in the Australian market ($USD242.11K).
Compensation vs Earnings: Ross's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 3.17yrs | AU$425.00k | 56.8% A$16.4m | |
| CFO & Executive Director | 2.92yrs | AU$641.98k | 0.44% A$126.1k | |
| Chief Operating Officer – Recruitment & Labour Hire | 1yr | AU$419.65k | 0.029% A$8.3k | |
| Company Secretary | no data | no data | no data |
3.2yrs
Average Tenure
Experienced Management: ASH's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 3.17yrs | AU$425.00k | 56.8% A$16.4m | |
| CFO & Executive Director | 2.92yrs | AU$641.98k | 0.44% A$126.1k | |
| Non-Executive Chairman | 4.42yrs | AU$225.95k | 0.010% A$3.0k |
4.4yrs
Average Tenure
Experienced Board: ASH's board of directors are considered experienced (4.4 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 company bio, 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
- Market Cap: AU$28.795m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ASH | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Aug 2014 |
| ASH | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Aug 2014 |
Biography
Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia. The company operates in two segments, Labour Hire and Training. It offers white-collar recruitment services, including permanent, temporary, and contract placements through multi-specialist providers under the Blackadder brand name; and labor hire and workforce solutions under the Action Workforce and Concept Engineering brands. The company also provides nationally accredited qualifications training and assessment services under the Ashley Institute of Training, Integracom, Australian Institute of Vocational Development, National Institute of Training, Tracmin, and Qualitas Education brands. Ashley Services Group Limited was founded in 1968 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 10:49 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2020/01/05 |
| Annual Earnings | 2019/06/30 |
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.