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CUP

CountPlusASX:CUP Stock Report

Market Cap

AU$106.0m

7D

6.1%

1Y

-1.6%

Updated

20 Oct, 2021

Data

Company Financials +
CUP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance1/6
Financial Health6/6
Dividends3/6

CUP Overview

CountPlus Limited, together with its subsidiaries, provides accounting, business advisory, and financial planning services in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for CountPlus
Historical stock prices
Current Share PriceAU$0.95
52 Week HighAU$0.88
52 Week LowAU$1.27
Beta1.17
1 Month Change4.97%
3 Month Change-4.04%
1 Year Change-1.55%
3 Year Change63.79%
5 Year Change18.75%
Change since IPO-40.63%

Recent News & Updates

Sep 11
CountPlus (ASX:CUP) Is Increasing Its Dividend To AU$0.015

CountPlus (ASX:CUP) Is Increasing Its Dividend To AU$0.015

CountPlus Limited ( ASX:CUP ) will increase its dividend on the 13th of October to AU$0.015, which is 20% higher than...

Aug 28
CountPlus' (ASX:CUP) Dividend Will Be Increased To AU$0.015

CountPlus' (ASX:CUP) Dividend Will Be Increased To AU$0.015

CountPlus Limited ( ASX:CUP ) has announced that it will be increasing its dividend on the 13th of October to AU$0.015...

Shareholder Returns

CUPAU Professional ServicesAU Market
7D6.1%2.1%1.7%
1Y-1.6%34.6%20.2%

Return vs Industry: CUP underperformed the Australian Professional Services industry which returned 34.6% over the past year.

Return vs Market: CUP underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CUP's price volatile compared to industry and market?
CUP volatility
CUP Beta1.17
Industry Beta0.92
Market Beta1

Stable Share Price: CUP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CUP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aMatthew Rowehttps://www.countplus.com.au

CountPlus Limited, together with its subsidiaries, provides accounting, business advisory, and financial planning services in Australia. The company operates through Accounting, Financial Planning, Financial Services, and Other segments. It offers tax, assurance, audit, and corporate advisory services; financial planning; loans commission, and leasing commission services; and information technology, legal, conference, and insurance services.

CountPlus Fundamentals Summary

How do CountPlus's earnings and revenue compare to its market cap?
CUP fundamental statistics
Market CapAU$106.03m
Earnings (TTM)AU$4.94m
Revenue (TTM)AU$80.57m

21.5x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUP income statement (TTM)
RevenueAU$80.57m
Cost of RevenueAU$53.36m
Gross ProfitAU$27.21m
ExpensesAU$22.27m
EarningsAU$4.94m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.044
Gross Margin33.77%
Net Profit Margin6.13%
Debt/Equity Ratio5.3%

How did CUP perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

62%

Payout Ratio

Valuation

Is CountPlus 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: CUP (A$0.95) is trading below our estimate of fair value (A$2.08)

Significantly Below Fair Value: CUP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CUP's PE Ratio (21.5x) is in line with the Australian Professional Services industry average.

PE vs Market: CUP is poor value based on its PE Ratio (21.5x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: CUP is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: CUP is good value based on its PB Ratio (1.5x) compared to the AU Professional Services industry average (3.9x).


Future Growth

How is CountPlus forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CUP's forecast earnings growth (19% per year) is above the savings rate (1.9%).

Earnings vs Market: CUP's earnings (19% per year) are forecast to grow faster than the Australian market (11.9% per year).

High Growth Earnings: CUP's earnings are forecast to grow, but not significantly.

Revenue vs Market: CUP's revenue (3.9% per year) is forecast to grow slower than the Australian market (5.4% per year).

High Growth Revenue: CUP's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CUP's Return on Equity is forecast to be low in 3 years time (9.3%).


Past Performance

How has CountPlus performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CUP has a large one-off gain of A$2.5M impacting its June 30 2021 financial results.

Growing Profit Margin: CUP's current net profit margins (6.1%) are lower than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: CUP's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: CUP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CUP had negative earnings growth (-68.9%) over the past year, making it difficult to compare to the Professional Services industry average (9.3%).


Return on Equity

High ROE: CUP's Return on Equity (8.7%) is considered low.


Financial Health

How is CountPlus's financial position?


Financial Position Analysis

Short Term Liabilities: CUP's short term assets (A$321.5M) exceed its short term liabilities (A$299.7M).

Long Term Liabilities: CUP's short term assets (A$321.5M) exceed its long term liabilities (A$35.1M).


Debt to Equity History and Analysis

Debt Level: CUP's debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: CUP's debt to equity ratio has reduced from 40.8% to 5.3% over the past 5 years.

Debt Coverage: CUP's debt is well covered by operating cash flow (221.8%).

Interest Coverage: CUP's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Dividend

What is CountPlus's current dividend yield, its reliability and sustainability?

3.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CUP's dividend (3.16%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: CUP's dividend (3.16%) is low compared to the top 25% of dividend payers in the Australian market (5.33%).


Stability and Growth of Payments

Stable Dividend: CUP's dividend payments have been volatile in the past 10 years.

Growing Dividend: CUP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.1%), CUP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CUP's dividends in 3 years are forecast to be covered by earnings (60.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Matthew Rowe

4.67yrs

Tenure

AU$757,156

Compensation

Mr. Matthew Rowe has been the Chief Executive Officer and Managing Director of Countplus Limited since February 24, 2017. Mr. Rowe served as the Managing Director at Hood Sweeney Pty Ltd. and Hood Sweeney...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD566.10K) is above average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CUP's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: CUP'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

CountPlus Limited's employee growth, exchange listings and data sources


Key Information

  • Name: CountPlus Limited
  • Ticker: CUP
  • Exchange: ASX
  • Founded: 2006
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: AU$106.030m
  • Shares outstanding: 111.61m
  • Website: https://www.countplus.com.au

Number of Employees


Location

  • CountPlus Limited
  • 1 Chifley Square
  • Level 8
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:28
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.