ASX:CLQ

Stock Analysis Report

Executive Summary

Clean TeQ Holdings Limited, together with its subsidiaries, provides metals recovery and industrial water treatment services primarily in Australia.

Snowflake

Fundamentals

Excellent balance sheet with high growth potential.

Risks

  • Clean TeQ Holdings has significant price volatility in the past 3 months.
  • Clean TeQ Holdings is covered by less than 3 analysts.

Share Price & News

How has Clean TeQ Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

13.1%

CLQ

0.8%

AU Commercial Services

1.0%

AU Market


1 Year Return

-30.3%

CLQ

5.3%

AU Commercial Services

6.9%

AU Market

CLQ underperformed the Commercial Services industry which returned 5.3% over the past year.

CLQ underperformed the Market in Australia which returned 6.9% over the past year.


Share holder returns

CLQIndustryMarket
7 Day13.1%0.8%1.0%
30 Day-11.5%1.0%3.9%
90 Day1.5%-5.3%1.6%
1 Year-30.3%-30.3%8.4%5.3%13.1%6.9%
3 Year-38.4%-38.4%22.2%11.8%39.5%20.7%
5 Year542.0%538.9%65.9%43.0%52.8%18.7%

Price Volatility Vs. Market

How volatile is Clean TeQ Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Clean TeQ Holdings undervalued based on future cash flows and its price relative to the stock market?

1.08x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Clean TeQ Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Clean TeQ Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Clean TeQ Holdings is loss making, we can't compare its value to the AU Commercial Services industry average.

Clean TeQ Holdings is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Clean TeQ Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Clean TeQ Holdings is good value based on assets compared to the AU Commercial Services industry average.


Next Steps

Future Growth

How is Clean TeQ Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

38.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Clean TeQ Holdings's revenue is expected to grow significantly at over 20% yearly.

Clean TeQ Holdings's earnings are expected to grow significantly at over 20% yearly.

Clean TeQ Holdings's revenue growth is expected to exceed the Australia market average.

Clean TeQ Holdings's earnings growth is expected to exceed the Australia market average.

Clean TeQ Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Clean TeQ Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Clean TeQ Holdings performed over the past 5 years?

-20.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Clean TeQ Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Clean TeQ Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Clean TeQ Holdings's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Clean TeQ Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Clean TeQ Holdings has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Clean TeQ Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Clean TeQ Holdings's financial position?


Financial Position Analysis

Clean TeQ Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Clean TeQ Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Clean TeQ Holdings's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (36.7% vs 0.1% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 711.7x 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.

Clean TeQ Holdings has sufficient cash runway for 1.1 years based on current free cash flow.

Clean TeQ Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 63.6% each year.


Next Steps

Dividend

What is Clean TeQ Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Clean TeQ Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Clean TeQ Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Clean TeQ Holdings has not reported any payouts.

Unable to verify if Clean TeQ Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Clean TeQ Holdings has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Clean TeQ Holdings's dividends in 3 years as they are not expected to pay a notable one for Australia.


Next Steps

Management

What is the CEO of Clean TeQ Holdings's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Sam Riggall (47yo)

4.8yrs

Tenure

AU$662,240

Compensation

Mr. Sam Riggall, LLB (Hons), B.Comm., MBA, has been Managing Director and Chief Executive Officer of Clean TeQ Holdings Limited since April 24, 2017. He has been Executive Director of Clean TeQ Holdings Li ...


CEO Compensation Analysis

Sam's remuneration is about average for companies of similar size in Australia.

Sam's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

47yo

Average Age

The tenure for the Clean TeQ Holdings management team is about average.


Board Age and Tenure

2.8yrs

Average Tenure

58yo

Average Age

The average tenure for the Clean TeQ Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$21,24903 Dec 18
Stefanie Loader
EntityIndividual
Role
Lead Director
Lead Independent Non-Executive Director
Shares50,000
Max PriceAU$0.42
BuyAU$149,99826 Nov 18
Judith Downes
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares357,290
Max PriceAU$0.42

Ownership Breakdown


Management Team

  • Melanie Jaye Leydin (46yo)

    Company Secretary

    • Tenure: 8.2yrs
    • Compensation: AU$96.00k
  • Nickolai Zontov

    Principal Scientist

    • Tenure: 19.7yrs
  • Peter Voigt (67yo)

    Founder & Chief Technical Officer

    • Tenure: 29.7yrs
  • Sam Riggall (47yo)

    MD, CEO & Executive Director

    • Tenure: 4.8yrs
    • Compensation: AU$662.24k
  • Ben Stockdale

    CFO & Investor Relations

    • Tenure: 4.7yrs
    • Compensation: AU$470.06k
  • John Carr

    Executive General Manager of Sales & Marketing

    • Tenure: 0yrs
  • Ross Dive

    MD & Executive Director of UV Guard Australia Pty Ltd

    • Tenure: 0yrs
    • Compensation: AU$153.60k
  • Stephen Grocott

    Chief Technical Development Officer

    • Tenure: 1.7yrs
  • Tim Kindred

    Project & Start-Up Director

    • Tenure: 1.6yrs
    • Compensation: AU$635.18k
  • Rae Wyatt

    General Manager of People & Culture

    • Tenure: 1.7yrs

Board Members

  • Robert Martin Friedland (68yo)

    Non-Executive Co-Chairman

    • Tenure: 3yrs
    • Compensation: AU$127.50k
  • Eric Finlayson (58yo)

    Non-Executive Director

    • Tenure: 4yrs
    • Compensation: AU$90.00k
  • Judith Downes (65yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: AU$67.08k
  • Sam Riggall (47yo)

    MD, CEO & Executive Director

    • Tenure: 4.8yrs
    • Compensation: AU$662.24k
  • Mike Spreadborough

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: AU$152.74k
  • Ross Dive

    MD & Executive Director of UV Guard Australia Pty Ltd

    • Tenure: 0yrs
    • Compensation: AU$153.60k
  • Stef Loader

    Lead Independent Non-Executive Director

    • Tenure: 0.7yrs
    • Compensation: AU$107.50k
  • Ian Knight

    Independent Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: AU$101.95k
  • Zhaobai Jiang (56yo)

    Non-Executive Co-Chairman

    • Tenure: 2.4yrs
    • Compensation: AU$127.50k
  • Shawn Wang

    Non-Executive Director

    • Tenure: 0.5yrs
    • Compensation: AU$30.00k

Company Information

Clean TeQ Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clean TeQ Holdings Limited
  • Ticker: CLQ
  • Exchange: ASX
  • Founded: 1990
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: AU$257.529m
  • Shares outstanding: 746.46m
  • Website: https://www.cleanteq.com

Location

  • Clean TeQ Holdings Limited
  • 21 Howleys Road
  • Unit 12
  • Notting Hill
  • Victoria
  • 3168
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLQASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2007
CLQCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2007
CTEQ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007
4CQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007
CLQTSX (The Toronto Stock Exchange)YesOrdinary SharesCACADNov 2007

Biography

Clean TeQ Holdings Limited, together with its subsidiaries, provides metals recovery and industrial water treatment services primarily in Australia. It operates in two segments, Water and Metals. The Water ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 10:33
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.