Loading...

Countplus

ASX:CUP
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CUP
ASX
A$58M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Countplus Limited, together with its subsidiaries, provides accounting, business advisory, and financial planning services in Australia. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
CUP Share Price and Events
7 Day Returns
-6.3%
ASX:CUP
-1.2%
AU Professional Services
0.3%
AU Market
1 Year Returns
-12.5%
ASX:CUP
7%
AU Professional Services
4.5%
AU Market
CUP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Countplus (CUP) -6.3% -10.3% -2.8% -12.5% -21.6% -69.8%
AU Professional Services -1.2% 4.2% 14.2% 7% 26.6% 9.2%
AU Market 0.3% 1.3% 12.6% 4.5% 20.7% 5.7%
1 Year Return vs Industry and Market
  • CUP underperformed the Professional Services industry which returned 7% over the past year.
  • CUP underperformed the Market in Australia which returned 4.5% over the past year.
Price Volatility
CUP
Industry
5yr Volatility vs Market
Related Companies

CUP Value

 Is Countplus 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 Countplus 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 Countplus.

ASX:CUP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) 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:CUP
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))
= 0.854 (1 + (1- 30%) (2.05%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.911 * 5.96%)
7.74%

Discounted Cash Flow Calculation for ASX:CUP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Countplus 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:CUP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.74%)
2019 3.22 Est @ -14.09% 2.99
2020 2.93 Est @ -9.17% 2.52
2021 2.76 Est @ -5.73% 2.21
2022 2.67 Est @ -3.31% 1.98
2023 2.63 Est @ -1.63% 1.81
2024 2.61 Est @ -0.44% 1.67
2025 2.62 Est @ 0.38% 1.56
2026 2.65 Est @ 0.96% 1.46
2027 2.69 Est @ 1.37% 1.37
2028 2.73 Est @ 1.65% 1.30
Present value of next 10 years cash flows A$18.87
ASX:CUP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$2.73 × (1 + 2.31%) ÷ (7.74% – 2.31%)
A$51.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$51.46 ÷ (1 + 7.74%)10
A$24.42
ASX:CUP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$18.87 + A$24.42
A$43.29
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$43.29 / 110.41
A$0.39
ASX:CUP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.39
Current discount Discount to share price of A$0.53
= -1 x (A$0.53 - A$0.39) / A$0.39
-33.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Countplus 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 Countplus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Countplus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CUP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.05
ASX:CUP Share Price ** ASX (2019-03-22) in AUD A$0.53
Australia Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 16.8x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Countplus.

ASX:CUP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CUP Share Price ÷ EPS (both in AUD)

= 0.53 ÷ 0.05

10.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Countplus is good value based on earnings compared to the AU Professional Services industry average.
  • Countplus is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Countplus's expected growth come at a high price?
Raw Data
ASX:CUP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.2%per year
Australia Professional Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 1.19x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

ASX:CUP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.28x ÷ 12.2%

0.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Countplus is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Countplus's assets?
Raw Data
ASX:CUP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.51
ASX:CUP Share Price * ASX (2019-03-22) in AUD A$0.53
Australia Professional Services Industry PB Ratio Median Figure of 24 Publicly-Listed Professional Services Companies 2.09x
Australia Market PB Ratio Median Figure of 1,668 Publicly-Listed Companies 1.69x
ASX:CUP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CUP Share Price ÷ Book Value per Share (both in AUD)

= 0.53 ÷ 0.51

1.03x

* Primary Listing of Countplus.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Countplus is good value based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess Countplus'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. Countplus has a total score of 4/6, 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.

CUP Future Performance

 How is Countplus expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Countplus expected to grow at an attractive rate?
  • Countplus's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Countplus's earnings growth is expected to exceed the Australia market average.
  • Countplus's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CUP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CUP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.2%
ASX:CUP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -14.9%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 30.1%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 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:CUP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CUP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 63 7 1
2020-06-30 71 6 1
2019-06-30 69 5 1
ASX:CUP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 100 5 6
2018-09-30 101 5 3
2018-06-30 101 5 1
2018-03-31 104 9 -2
2017-12-31 107 9 -4
2017-09-30 109 8 -3
2017-06-30 111 8 -1
2017-03-31 113 8 3
2016-12-31 114 7 8
2016-09-30 117 9 11
2016-06-30 120 10 13
2016-03-31 120 9 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Countplus's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Countplus's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:CUP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Countplus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CUP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.06 0.06 0.06 1.00
2020-06-30 0.06 0.06 0.06 1.00
2019-06-30 0.05 0.05 0.05 1.00
ASX:CUP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.03
2018-06-30 0.01
2018-03-31 -0.02
2017-12-31 -0.04
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 0.03
2016-12-31 0.07
2016-09-30 0.10
2016-06-30 0.12
2016-03-31 0.11

*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.
  • Countplus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Countplus'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.
Countplus has a total score of 2/6, 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.

CUP Past Performance

  How has Countplus 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 Countplus'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.
  • Countplus's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Countplus has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Countplus has become profitable in the last year making it difficult to compare the AU Professional Services industry average.
Earnings and Revenue History
Countplus'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 Countplus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CUP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 99.96 5.54 54.13
2018-09-30 100.51 3.41 55.44
2018-06-30 101.07 1.29 56.76
2018-03-31 103.95 -1.72 58.28
2017-12-31 106.84 -4.13 59.81
2017-09-30 108.81 -2.66 60.83
2017-06-30 110.79 -1.18 61.84
2017-03-31 112.52 3.42 62.61
2016-12-31 114.26 8.01 63.37
2016-09-30 117.10 10.70 64.29
2016-06-30 119.94 13.39 65.22
2016-03-31 120.34 11.63 64.52
2015-12-31 120.74 9.87 63.83
2015-09-30 121.38 9.90 62.85
2015-06-30 122.01 9.93 61.88
2015-03-31 121.65 10.19 61.51
2014-12-31 121.29 10.45 61.13
2014-09-30 121.90 10.79 62.66
2014-06-30 122.52 11.13 64.18
2014-03-31 122.02 11.41 64.96
2013-12-31 121.51 11.69 65.74
2013-09-30 118.33 11.31 64.96
2013-06-30 115.14 10.92 64.18
2013-03-31 113.44 10.58 75.74
2012-12-31 111.73 10.25 87.30
2012-09-30 109.44 10.70 72.52
2012-06-30 107.15 11.16 57.74
2012-03-31 104.66 11.71 19.68

*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.
  • Countplus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Countplus used its assets less efficiently than the AU Professional Services industry average last year based on Return on Assets.
  • Countplus's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Countplus'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.
Countplus has a total score of 0/6, 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.

CUP Health

 How is Countplus'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 Countplus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Countplus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Countplus's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Countplus'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.
  • Debt is covered by short term assets, assets are 23x debt.
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 Countplus Company Filings, last reported 2 months ago.

ASX:CUP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 62.62 1.19 11.42
2018-09-30 62.62 1.19 11.42
2018-06-30 60.79 2.02 11.00
2018-03-31 60.79 2.02 11.00
2017-12-31 54.33 4.23 4.59
2017-09-30 54.33 4.23 4.59
2017-06-30 57.75 13.58 8.28
2017-03-31 57.75 13.58 8.28
2016-12-31 60.20 25.47 5.71
2016-09-30 60.20 25.47 5.71
2016-06-30 62.76 25.62 6.34
2016-03-31 62.76 25.62 6.34
2015-12-31 59.93 23.40 5.94
2015-09-30 59.93 23.40 5.94
2015-06-30 53.25 26.37 6.09
2015-03-31 53.25 26.37 6.09
2014-12-31 53.71 24.25 9.07
2014-09-30 53.71 24.25 9.07
2014-06-30 51.16 20.87 8.17
2014-03-31 51.16 20.87 8.17
2013-12-31 52.54 23.85 6.68
2013-09-30 52.54 23.85 6.68
2013-06-30 51.99 17.92 8.66
2013-03-31 51.99 17.92 8.66
2012-12-31 53.20 15.41 7.24
2012-09-30 53.20 15.41 7.24
2012-06-30 53.60 8.74 6.38
2012-03-31 53.60 8.74 6.38
  • Countplus's level of debt (1.9%) 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 (45.3% vs 1.9% today).
  • Debt is well covered by operating cash flow (385.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.5x coverage).
X
Financial health checks
We assess Countplus'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. Countplus 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.

CUP Dividends

 What is Countplus'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
3.81%
Current annual income from Countplus dividends. Estimated to be 5.71% next year.
If you bought A$2,000 of Countplus shares you are expected to receive A$76 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?
  • Countplus's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.63%).
  • Countplus's dividend is below the markets top 25% of dividend payers in Australia (5.71%).
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:CUP 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 1 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CUP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.04 1.00
2020-06-30 0.03 1.00
2019-06-30 0.02 1.00
ASX:CUP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.020 3.573
2018-08-27 0.010 1.716
2018-02-27 0.000 0.000
2017-09-28 0.000 0.000
2017-08-28 0.000 0.000
2017-02-21 0.040 6.661
2016-11-09 0.080 9.898
2016-06-29 0.080 9.589
2016-02-23 0.080 11.773
2015-11-24 0.080 9.696
2015-08-25 0.080 8.115
2015-06-22 0.080 7.460
2015-02-24 0.080 7.185
2014-11-25 0.080 7.015
2014-08-20 0.080 6.390
2014-02-26 0.120 6.840
2013-11-12 0.120 6.502
2013-08-21 0.120 6.828
2013-04-17 0.120 6.581
2013-02-21 0.120 6.867
2012-06-20 0.120 8.221
2012-02-29 0.120 9.162
2011-11-30 0.120 9.170
2011-09-29 0.120 8.702
2011-08-26 0.120 8.749
2011-02-28 0.080 5.991
2010-12-22 0.320 21.950

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Countplus has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Countplus has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Countplus's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Countplus's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Countplus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Countplus 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.

CUP Management

 What is the CEO of Countplus'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
Matthew Rowe
COMPENSATION A$724,902
TENURE AS CEO 2.1 years
CEO Bio

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 Securities Pty. Ltd. He was responsible for implementing the strategic plan of Hood Sweeney and also was responsible for the day to day operations and performance of the business. He served as Chief Executive Officer of Hood Sweeney. He has over fifteen years experience advising high net worth clients. Mr. Rowe has been a Non-Executive Director of Countplus Limited since October 1, 2016. He serves as a Trustee and Director of Future2, the foundation of the financial planning profession and is a Member of the Institute of Company Directors. He has a strong record of giving back to the community and recently served for four years as the Chair of the Financial Planning Association in a period of rapid change and led the transition of the FPA from an industry body to a professional association. He has Australian Financial Services License No.220897. Mr. Rowe is a Certified Financial Planner™(CFP®); Certified Practicing Accountant (Financial Planning); Certified Practicing Accountant - Public Practice Certificate, Bachelor of Economics, Graduate Diploma in Accounting, Diploma in Financial Planning and Company Directors Diploma.

CEO Compensation
  • Matthew's compensation has increased in line with Countplus recently becoming profitable.
  • Matthew's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Countplus management team in years:

1.2
Average Tenure
  • The average tenure for the Countplus management team is less than 2 years, this suggests a new team.
Management Team

Matthew Rowe

TITLE
CEO, MD & Director
COMPENSATION
A$725K
TENURE
2.1 yrs

Laurent Toussaint

TITLE
CFO & Alternate Company Secretary
COMPENSATION
A$339K
TENURE
1.2 yrs

Mark Chapman

TITLE
Chief Operating Officer
COMPENSATION
A$235K
TENURE
0.8 yrs

Narelle Wooden

TITLE
General Counsel & Company Secretary
Board of Directors Tenure

Average tenure of the Countplus board of directors in years:

1.9
Average Tenure
  • The average tenure for the Countplus board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ray Kellerman

TITLE
Non-Executive Chairman
COMPENSATION
A$100K
AGE
53
TENURE
1.9 yrs

Matthew Rowe

TITLE
CEO, MD & Director
COMPENSATION
A$725K
TENURE
2.4 yrs

Alison Ledger

TITLE
Independent Non-Executive Director
COMPENSATION
A$71K
TENURE
2.4 yrs

Kate Hill

TITLE
Independent Non-Executive Director
COMPENSATION
A$71K
AGE
59
TENURE
1.8 yrs

Andrew McGill

TITLE
Independent Non-Executive Director
COMPENSATION
A$41K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
27. Nov 18 Buy Matthew Rowe Individual 23. Nov 18 23. Nov 18 52,250 A$0.58 A$30,046
23. Nov 18 Buy Matthew Rowe Individual 20. Nov 18 22. Nov 18 124,095 A$0.59 A$70,016
29. Aug 18 Buy Andrew McGill Individual 29. Aug 18 29. Aug 18 10,000 A$0.67 A$6,663
28. Aug 18 Buy Alison Ledger Individual 28. Aug 18 28. Aug 18 10,000 A$0.64 A$6,350
X
Management checks
We assess Countplus'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. Countplus 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.

CUP News

Simply Wall St News

Countplus Limited (ASX:CUP): Ex-Dividend Is In 4 Days

Important news for shareholders and potential investors in Countplus Limited (ASX:CUP): The dividend payment of AU$0.01 per share will be distributed to shareholders on 17 April 2019, and the stock will begin trading ex-dividend at an earlier date, 21 March 2019. … What does this mean for current shareholders and potential investors? … When researching a dividend stock, I always follow the following screening criteria:?

Simply Wall St -

Countplus Limited (ASX:CUP) Has Attractive Fundamentals

Attractive stocks have exceptional fundamentals. … is a company that has been able to sustain great financial health, trading at an attractive share price. … Below, I've touched on some key aspects you should know on a high level.

Simply Wall St -

What Kind Of Shareholders Own Countplus Limited (ASX:CUP)?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of AU$59m, Countplus is a small cap stock, so it might not be well known by many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Should Countplus Limited (ASX:CUP) Focus On Improving This Fundamental Metric?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every A$1 worth of shareholders' equity, it generated A$0.038 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Countplus Limited's (ASX:CUP) Capital Returns?

Owing to this, it is important that the underlying business is producing a sufficient amount of income from the capital invested by stockholders. … To understand Countplus’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit

Simply Wall St -

Countplus Limited (ASX:CUP): A Look At Return On Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Countplus, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

What Investors Should Know About Countplus Limited's (ASX:CUP) Financial Strength

Countplus Limited (ASX:CUP) is a small-cap stock with a market capitalization of AU$77.67m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

CUP Company Info

Description

Countplus Limited, together with its subsidiaries, provides accounting, business advisory, and financial planning services in Australia. The company operates through Accounting, Financial Services, and Other segments. It offers accounting, tax, and audit services; financial advice related to personal insurance, investment, and superannuation; financial planning services, loans commission, and leasing commission services; and information technology, legal, conference, and insurance services. Countplus Limited was founded in 2006 and is based in Sydney, Australia.

Details
Name: Countplus Limited
CUP
Exchange: ASX
Founded: 2006
A$57,964,594
110,408,752
Website: http://www.countplus.com.au
Address: Countplus Limited
1 Margaret Street,
Level 17,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CUP Ordinary Shares Australian Securities Exchange AU AUD 22. Dec 2010
CHIA CUP Ordinary Shares Chi-X Australia AU AUD 22. Dec 2010
Number of employees
Current staff
Staff numbers
0
Countplus employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 10:33
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.