Ashley Services Group
Ashley Services Group Limited provides training, recruitment, and labor hire services in Australia. The last earnings update was 158 days ago. More info.
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ASH Share Price and Events
7 Day Returns
1 Year Returns
ASH Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ashley Services Group (ASH) | 9.1% | 11.1% | 17.6% | 50% | 36.4% | - |
| AU Professional Services | -1.7% | 1.7% | 10.1% | 1.5% | 17.6% | 12.5% |
| AU Market | 0% | 0.9% | 6.8% | 4.8% | 20.1% | 12.2% |
1 Year Return vs Industry and Market
- ASH outperformed the Professional Services industry which returned 1.5% over the past year.
- ASH outperformed the Market in Australia which returned 4.8% over the past year.
ASH Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Ashley Services Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Ashley Services Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 7.7% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.85 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 30%) (0%)) |
0.9 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.9 * 5.96%) |
7.68% |
Discounted Cash Flow Calculation for ASX:ASH using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Ashley Services Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 7.68%) |
|
|---|---|---|---|
| 2020 | 3.67 | Est @ -25.29% | 3.40 |
| 2021 | 3.04 | Est @ -17.01% | 2.62 |
| 2022 | 2.70 | Est @ -11.21% | 2.16 |
| 2023 | 2.51 | Est @ -7.15% | 1.87 |
| 2024 | 2.40 | Est @ -4.31% | 1.66 |
| 2025 | 2.34 | Est @ -2.33% | 1.50 |
| 2026 | 2.32 | Est @ -0.93% | 1.38 |
| 2027 | 2.32 | Est @ 0.04% | 1.29 |
| 2028 | 2.34 | Est @ 0.72% | 1.20 |
| 2029 | 2.37 | Est @ 1.2% | 1.13 |
| Present value of next 10 years cash flows | A$18.22 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= A$2.37 × (1 + 2.31%) ÷ (7.68% – 2.31%) |
A$45.15 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$45.15 ÷ (1 + 7.68%)10 |
A$21.55 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$18.22 + A$21.55 |
A$39.77 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$39.77 / 143.98 |
A$0.28 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$0.28 |
| Current discount | Discount to share price of
A$0.30
= -1 x (A$0.30 - A$0.28) / A$0.28 |
-8.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Ashley Services Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Ashley Services Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ashley Services Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-30) in AUD | A$0.04 |
| ASX:ASH Share Price ** | ASX (2019-07-19) in AUD | A$0.3 |
| Australia Professional Services Industry PE Ratio | Median Figure of 10 Publicly-Listed Professional Services Companies | 19.66x |
| Australia Market PE Ratio | Median Figure of 546 Publicly-Listed Companies | 16.1x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Ashley Services Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:ASH Share Price ÷ EPS (both in AUD) = 0.3 ÷ 0.04 |
8.11x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ashley Services Group is good value based on earnings compared to the AU Professional Services industry average.
- Ashley Services Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does
Ashley Services Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.11x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Australia Professional Services Industry PEG Ratio | Median Figure of 7 Publicly-Listed Professional Services Companies | 1.31x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.38x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Ashley Services Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Ashley Services Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-30) in AUD | A$0.17 |
| ASX:ASH Share Price * | ASX (2019-07-19) in AUD | A$0.3 |
| Australia Professional Services Industry PB Ratio | Median Figure of 22 Publicly-Listed Professional Services Companies | 2.14x |
| Australia Market PB Ratio | Median Figure of 1,693 Publicly-Listed Companies | 1.7x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:ASH Share Price ÷ Book Value per Share (both in AUD) = 0.3 ÷ 0.17 |
1.81x |
* Primary Listing of Ashley Services Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ashley Services Group is good value based on assets compared to the AU Professional Services industry average.
Value checks
We assess Ashley Services Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check) Ashley Services Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ASH Future Performance
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Ashley Services Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Ashley Services Group's earnings growth to the Australia market average as no estimate data is available.
- Unable to compare Ashley Services Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| Australia Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 19.9% |
| Australia Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 8% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 7.4% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-30 | 312 | 6 | 5 |
| 2018-09-30 | 322 | 5 | 5 |
| 2018-07-01 | 333 | 3 | 5 |
| 2018-04-01 | 327 | 1 | 3 |
| 2017-12-31 | 322 | -1 | 2 |
| 2017-09-30 | 318 | 1 | -2 |
| 2017-06-30 | 315 | 3 | -5 |
| 2017-03-31 | 305 | 7 | -6 |
| 2016-12-31 | 296 | 10 | -7 |
| 2016-09-30 | 286 | 5 | -37 |
| 2016-06-30 | 277 | 0 | -67 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Ashley Services Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-30 | 0.04 |
| 2018-09-30 | 0.04 |
| 2018-07-01 | 0.03 |
| 2018-04-01 | 0.02 |
| 2017-12-31 | 0.01 |
| 2017-09-30 | -0.01 |
| 2017-06-30 | -0.04 |
| 2017-03-31 | -0.04 |
| 2016-12-31 | -0.04 |
| 2016-09-30 | -0.25 |
| 2016-06-30 | -0.45 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Ashley Services Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Ashley Services Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Ashley Services Group has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ASH Past Performance
How has Ashley Services Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Ashley Services Group's year on year earnings growth rate has been positive over the past 5 years.
- Ashley Services Group's 1-year earnings growth exceeds its 5-year average (191.8% vs 3.8%)
- Ashley Services Group's earnings growth has exceeded the AU Professional Services industry average in the past year (191.8% vs 11.3%).
Earnings and Revenue History
All data from Ashley Services Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-30 | 311.51 | 5.32 | ||
| 2018-09-30 | 322.16 | 5.06 | ||
| 2018-07-01 | 332.80 | 4.79 | ||
| 2018-04-01 | 327.16 | 3.33 | ||
| 2017-12-31 | 321.52 | 1.86 | ||
| 2017-09-30 | 318.11 | -1.79 | ||
| 2017-06-30 | 314.70 | -5.44 | ||
| 2017-03-31 | 305.23 | -6.01 | ||
| 2016-12-31 | 295.77 | -6.58 | ||
| 2016-09-30 | 286.32 | -36.85 | ||
| 2016-06-30 | 276.87 | -67.12 | ||
| 2015-12-31 | 291.82 | -56.05 | ||
| 2015-09-30 | 297.95 | -20.90 | ||
| 2015-06-30 | 304.08 | 14.24 | ||
| 2015-03-31 | 292.87 | 11.46 | 2.88 | |
| 2014-12-31 | 281.05 | 9.24 | 2.70 | |
| 2014-09-30 | 265.99 | 9.19 | 3.79 | |
| 2014-06-30 | 250.94 | 9.15 | 4.88 | |
| 2013-06-30 | 106.31 | 2.92 | 2.23 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Ashley Services Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Ashley Services Group used its assets more efficiently than the AU Professional Services industry average last year based on Return on Assets.
- Ashley Services Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Ashley Services Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Ashley Services Group has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ASH Health
How is Ashley Services Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Ashley Services Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ashley Services Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ashley Services Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Ashley Services Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Ashley Services Group Company Filings, last reported 6 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-30 | 23.91 | 0.00 | 2.60 |
| 2018-09-30 | 23.91 | 0.00 | 2.60 |
| 2018-07-01 | 24.80 | 0.00 | 6.36 |
| 2018-04-01 | 24.80 | 0.00 | 6.36 |
| 2017-12-31 | 22.18 | 0.00 | 0.53 |
| 2017-09-30 | 22.18 | 0.00 | 0.53 |
| 2017-06-30 | 20.01 | 0.72 | 4.41 |
| 2017-03-31 | 20.01 | 0.72 | 4.41 |
| 2016-12-31 | 20.64 | 5.00 | 7.09 |
| 2016-09-30 | 20.64 | 5.00 | 7.09 |
| 2016-06-30 | 27.10 | 0.00 | 2.04 |
| 2015-12-31 | 30.07 | 8.00 | 2.36 |
| 2015-09-30 | 30.07 | 8.00 | 2.36 |
| 2015-06-30 | 102.88 | 0.00 | 12.86 |
| 2015-03-31 | 102.88 | 0.00 | 12.86 |
| 2014-12-31 | 97.29 | 6.69 | 9.66 |
| 2014-09-30 | 97.29 | 6.69 | 9.66 |
| 2014-06-30 | 31.07 | 9.04 | 1.33 |
| 2013-06-30 | 9.83 | 28.97 | 0.43 |
- Ashley Services Group has no debt.
- Ashley Services Group has no debt compared to 5 years ago when it was 92.1%.
- Ashley Services Group has no debt, it does not need to be covered by operating cash flow.
- Ashley Services Group has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Ashley Services Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Ashley Services Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ASH Dividends
What is Ashley Services Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
Ashley Services Group
shares you are expected to receive
A$167
in your first year as a dividend.
Dividend Amount
- Ashley Services Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.53%).
- Ashley Services Group's dividend is above the markets top 25% of dividend payers in Australia (5.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Australia Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 2.8% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 415 Stocks | 4% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-07-26 | 0.025 | 9.440 |
| 2017-03-02 | 0.000 | 0.000 |
| 2016-08-30 | 0.000 | 0.000 |
| 2016-02-24 | 0.000 | 0.000 |
| 2015-08-24 | 0.082 | 35.368 |
| 2015-02-17 | 0.046 | 6.791 |
| 2014-09-25 | 0.089 | 5.620 |
| 2014-08-29 | 0.089 | 4.887 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ashley Services Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Ashley Services Group has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Ashley Services Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Ashley Services Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ashley Services Group has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ASH Management
CEO
| COMPENSATION | A$300,000 |
| TENURE AS CEO | 2.5 years |
CEO Bio
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 Limited until February 15, 2016 and served its Non Executive Director since October 12, 2000 until January 23, 2017. Mr. Shrimpton is a Chartered Accountant with over 40 years of experience in finance and management across a number of large international organisations such as CSR / Humes and David Brown. He commenced his professional career with Deloitte Touche Tohmatsu, where he worked with a number of major listed companies. Overall, Mr. Shrimpton has had 18 years of relevant experience in the labour hire and training industries.
CEO Compensation
- Ross's compensation has been consistent with company performance over the past year, both up more than 20%.
- Ross's remuneration is about average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the Ashley Services Group management team in years:
- The tenure for the Ashley Services Group management team is about average.
Management Team
Ross Shrimpton
MD & Executive Director
A$300K
2.5 yrs
Chris McFadden
CFO & Executive Director
A$500K
2.5 yrs
Paul Rixon
Chief Operating Officer – Recruitment & Labour Hire
A$375K
0.3 yrs
Ron Hollands
Company Secretary
Board of Directors Tenure
Average tenure of the Ashley Services Group board of directors in years:
- The tenure for the Ashley Services Group board of directors is about average.
Board of Directors
Ian Pratt
Non-Executive Chairman
A$165K
3.8 yrs
Ross Shrimpton
MD & Executive Director
A$300K
18.8 yrs
Chris McFadden
CFO & Executive Director
A$500K
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 31. Oct 18 | Buy | Chris McFadden | Individual | 26. Oct 18 | 31. Oct 18 | 554,007 | A$0.25 | A$140,640 | ||
Management checks
We assess Ashley Services Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Ashley Services Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ASH News
Simply Wall St News
Why Ashley Services Group Limited's (ASX:ASH) CEO Pay Matters To You
Ross Shrimpton has been the CEO of Ashley Services Group Limited (ASX:ASH) since 2017. … See our latest analysis for Ashley Services Group How Does Ross Shrimpton's Compensation Compare With Similar Sized Companies? … According to our data, Ashley Services Group Limited has a market capitalization of AU$40m, and pays its CEO total annual compensation worth AU$300k.
Simply Wall St - – Full articleAshley Services Group (ASX:ASH) Shareholders Have Enjoyed A 38% Share Price Gain
To wit, the Ashley Services Group Limited (ASX:ASH) share price is 38% higher than it was a year ago, much better than the market return of around 5.4% (not including dividends) in the same period. … During the last year Ashley Services Group grew its earnings per share (EPS) by 196%. … We note that for Ashley Services Group the TSR over the last year was 51%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleWhy Ashley Services Group Limited’s (ASX:ASH) Return On Capital Employed Is Impressive
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Ashley Services Group: 0.30 = AU$8.0m ÷ (AU$45m - AU$18m) (Based on the trailing twelve months to December 2018.) Therefore, Ashley Services Group has an ROCE of 30%. … How Ashley Services Group's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … A medium level of current liabilities boosts Ashley Services Group's ROCE somewhat.
Simply Wall St - – Full articleHere's Why We Think Ashley Services Group (ASX:ASH) Is Well Worth Watching
In contrast to all that, I prefer to spend time on companies like Ashley Services Group (ASX:ASH), which has not only revenues, but also profits. … I discovered that the median total compensation for the CEOs of companies like Ashley Services Group with market caps under AU$286m is about AU$354k. … Although Ashley Services Group certainly looks good to me, I would like it more if insiders were buying up shares.
Simply Wall St - – Full articleHave Insiders Been Selling Ashley Services Group Limited (ASX:ASH) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Ashley Services Group Limited (ASX:ASH). … That means that an insider was selling shares at slightly below the current price (AU$0.25). … As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation.
Simply Wall St - – Full articleA Closer Look At Ashley Services Group Limited's (ASX:ASH) Impressive ROE
To keep the lesson grounded in practicality, we'll use ROE to better understand Ashley Services Group Limited (ASX:ASH). … Our data shows Ashley Services Group has a return on equity of 22% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCould The Ashley Services Group Limited (ASX:ASH) Ownership Structure Tell Us Something Useful?
A look at the shareholders of Ashley Services Group Limited (ASX:ASH) can tell us which group is most powerful. … Ashley Services Group is a smaller company with a market capitalization of AU$36m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Ashley Services Group
Simply Wall St - – Full articleDo You Know What Ashley Services Group Limited's (ASX:ASH) P/E Ratio Means?
We'll look at Ashley Services Group Limited's (ASX:ASH) P/E ratio and reflect on what it tells us about the company's share price. … Ashley Services Group has a P/E ratio of 6.76, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould Ashley Services Group Limited (ASX:ASH) Be Your Next Stock Pick?
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a.
Simply Wall St - – Full articleThe Ashley Services Group Share Price Has Gained 82% And Shareholders Are Hoping For More
For example, the Ashley Services Group Limited (ASX:ASH) share price is up 82% in the last three years, clearly besting than the market return of around 45%. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, Ashley Services Group moved from a loss to profitability.
Simply Wall St - – Full articleASH Company Info
Description
Ashley Services Group Limited provides training, recruitment, and labor hire 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.
Details
| Name: | Ashley Services Group Limited |
| ASH | |
| Exchange: | ASX |
| Founded: | 1968 |
| A$43,192,771 | |
| 143,975,904 | |
| Website: | http://www.ashleyservicesgroup.com.au |
| Address: |
Ashley Services Group Limited 92 Pitt Street, Level 10, Sydney, New South Wales, 2000, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | ASH | Ordinary Shares | Australian Securities Exchange | AU | AUD | 21. Aug 2014 | |
| CHIA | ASH | Ordinary Shares | Chi-X Australia | AU | AUD | 21. Aug 2014 |
Number of employees
Current staff
Industry
| Human Resource and Employment Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/20 10:38 |
| End of day share price update: | 2019/07/19 00:00 |
| Last earnings filing: | 2019/02/12 |
| Last earnings reported: | 2018/12/30 |
| Last annual earnings reported: | 2018/07/01 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
