| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
ASH Stock Overview
Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.56 |
| 52 Week High | AU$0.64 |
| 52 Week Low | AU$0.40 |
| Beta | 1.12 |
| 1 Month Change | -5.83% |
| 3 Month Change | 0% |
| 1 Year Change | 43.04% |
| 3 Year Change | 126.00% |
| 5 Year Change | n/a |
| Change since IPO | -70.26% |
Recent News & Updates
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...
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...
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...
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
| ASH | AU Professional Services | AU Market | |
|---|---|---|---|
| 7D | -3.4% | -0.3% | -1.7% |
| 1Y | 43.0% | 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
| ASH volatility | |
|---|---|
| ASH Average Weekly Movement | 5.4% |
| Professional Services Industry Average Movement | 6.0% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in AU Market | 15.3% |
| 10% least volatile stocks in AU Market | 3.6% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | n/a | Ross Shrimpton | https://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
| ASH fundamental statistics | |
|---|---|
| Market Cap | AU$80.63m |
| Earnings (TTM) | AU$9.15m |
| Revenue (TTM) | AU$383.67m |
8.9x
P/E Ratio0.2x
P/S RatioIs ASH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ASH income statement (TTM) | |
|---|---|
| Revenue | AU$383.67m |
| Cost of Revenue | AU$360.93m |
| Gross Profit | AU$22.74m |
| Expenses | AU$13.59m |
| Earnings | AU$9.15m |
Last Reported Earnings
Jul 04, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.064 |
| Gross Margin | 5.93% |
| Net Profit Margin | 2.38% |
| Debt/Equity Ratio | 3.8% |
How did ASH perform over the long term?
See historical performance and comparisonDividends
8.5%
Current Dividend Yield66%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 07:02 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/07/04 |
| Annual Earnings | 2021/07/04 |
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.