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Ashley Services Group

ASX:ASH
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASH
ASX
A$43M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

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
9.1%
ASX:ASH
-1.7%
AU Professional Services
0%
AU Market
1 Year Returns
50%
ASX:ASH
1.5%
AU Professional Services
4.8%
AU Market
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.
Price Volatility
ASH
Industry
5yr Volatility vs Market
Related Companies

ASH Value

 Is Ashley Services Group undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ashley Services Group.

ASX:ASH Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ASX:ASH
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.

ASX:ASH DCF 1st Stage: Next 10 year cash flow forecast
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
ASX:ASH DCF 2nd Stage: Terminal Value
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
ASX:ASH Total Equity Value
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
ASX:ASH Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
ASX:ASH PE (Price to Earnings) Ratio Data Sources
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.

ASX:ASH PE (Price to Earnings) Ratio Calculation
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?
Raw Data
ASX:ASH PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
ASX:ASH PB (Price to Book) Ratio Data Sources
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
ASX:ASH PB (Price to Book) Ratio Calculation
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.
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Value checks
We assess Ashley Services Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. 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

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

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!
Annual Growth Rate
19.9%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ashley Services Group expected to grow at an attractive rate?
  • 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
Raw Data
ASX:ASH Future Growth Rates Data Sources
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
Raw Data
ASX:ASH Analysts Growth Expectations Data Sources
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 numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ASH Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ashley Services Group is high growth as no earnings estimate data is available.
  • Unable to determine if Ashley Services Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:ASH 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.

ASX:ASH Past Financials Data
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.

Next steps:

  1. Examine whether Ashley Services Group is trading at Ashley Services Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Ashley Services Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Ashley Services Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Ashley Services Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Ashley Services Group's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Ashley Services Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ashley Services Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ASH Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Ashley Services Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Ashley Services Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Ashley Services Group Company Filings, last reported 6 months ago.

ASX:ASH Past Debt and Equity Data
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.
X
Financial health checks
We assess Ashley Services Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ashley Services Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
8.33%
Current annual income from Ashley Services Group dividends.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
ASX:ASH Annualized Past and Future Dividends
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.

ASX:ASH Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Ashley Services Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ashley Services Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Ashley Services Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ross Shrimpton
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:

2.5
Average Tenure
  • The tenure for the Ashley Services Group management team is about average.
Management Team

Ross Shrimpton

TITLE
MD & Executive Director
COMPENSATION
A$300K
TENURE
2.5 yrs

Chris McFadden

TITLE
CFO & Executive Director
COMPENSATION
A$500K
TENURE
2.5 yrs

Paul Rixon

TITLE
Chief Operating Officer – Recruitment & Labour Hire
COMPENSATION
A$375K
TENURE
0.3 yrs

Ron Hollands

TITLE
Company Secretary
Board of Directors Tenure

Average tenure of the Ashley Services Group board of directors in years:

3.8
Average Tenure
  • The tenure for the Ashley Services Group board of directors is about average.
Board of Directors

Ian Pratt

TITLE
Non-Executive Chairman
COMPENSATION
A$165K
TENURE
3.8 yrs

Ross Shrimpton

TITLE
MD & Executive Director
COMPENSATION
A$300K
TENURE
18.8 yrs

Chris McFadden

TITLE
CFO & Executive Director
COMPENSATION
A$500K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
31. Oct 18 Buy Chris McFadden Individual 26. Oct 18 31. Oct 18 554,007 A$0.25 A$140,640
X
Management checks
We assess Ashley Services Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Ashley 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.

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Why 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.

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Here'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 -

Have 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.

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A 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

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Could 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 -

Do 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 -

Should 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 -

The 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 -

ASH 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
Staff numbers
0
Ashley Services Group employees.
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.