ASX:PET

Stock Analysis Report

Phoslock Environmental Technologies

Executive Summary

Phoslock Environmental Technologies Limited provides water technologies and engineering solutions to manage nutrients and other water pollutants.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Risks

  • Phoslock Environmental Technologies has significant price volatility in the past 3 months.
  • Phoslock Environmental Technologies is not covered by any analysts.

Share Price & News

How has Phoslock Environmental Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

8.5%

ASX:PET

0.4%

AU Commercial Services

0.5%

AU Market


1 Year Return

261.7%

ASX:PET

1.5%

AU Commercial Services

6.3%

AU Market

PET outperformed the Commercial Services industry which returned 1.5% over the past year.

PET outperformed the Market in Australia which returned 6.3% over the past year.


Share holder returns

PETIndustryMarket
7 Day8.5%0.4%0.5%
30 Day10.2%-4.3%4.4%
90 Day77.6%-5.1%2.1%
1 Year261.7%261.7%4.4%1.5%12.4%6.3%
3 Year1295.2%1295.2%24.4%13.8%41.3%22.3%
5 Year3562.5%3562.5%63.9%41.3%47.8%14.7%

Price Volatility Vs. Market

How volatile is Phoslock Environmental Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Phoslock Environmental Technologies undervalued based on future cash flows and its price relative to the stock market?

2173.59x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Phoslock Environmental Technologies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Phoslock Environmental Technologies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Phoslock Environmental Technologies is overvalued based on earnings compared to the AU Commercial Services industry average.

Phoslock Environmental Technologies is overvalued based on earnings compared to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Phoslock Environmental Technologies, we can't assess if its growth is good value.


Price Based on Value of Assets

Phoslock Environmental Technologies is overvalued based on assets compared to the AU Commercial Services industry average.


Next Steps

Future Growth

How is Phoslock Environmental Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.9%

Forecasted Commercial Services industry annual growth in earnings


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 Phoslock Environmental Technologies 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Phoslock Environmental Technologies performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Phoslock Environmental Technologies has delivered over 20% year on year earnings growth in the past 5 years.

Phoslock Environmental Technologies's 1-year earnings growth exceeds its 5-year average (25812% vs 22.2%)

Phoslock Environmental Technologies's earnings growth has exceeded the AU Commercial Services industry average in the past year (25812% vs 20.4%).


Return on Equity

Phoslock Environmental Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Phoslock Environmental Technologies used its assets less efficiently than the AU Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Phoslock Environmental Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Phoslock Environmental Technologies's financial position?


Financial Position Analysis

Phoslock Environmental Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Phoslock Environmental Technologies's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Phoslock Environmental Technologies has no debt.

Phoslock Environmental Technologies currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Phoslock Environmental Technologies has no debt, it does not need to be covered by operating cash flow.

Phoslock Environmental Technologies has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Phoslock Environmental Technologies has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Phoslock Environmental Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Phoslock Environmental Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Phoslock Environmental Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Phoslock Environmental Technologies has not reported any payouts.

Unable to verify if Phoslock Environmental Technologies's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Phoslock Environmental Technologies has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Phoslock Environmental Technologies's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average board tenure


CEO

Robert Schuitema (57yo)

12.7yrs

Tenure

AU$1,168,446

Compensation

Mr. Robert Schuitema, also known as Rob, BCA, INFINZ, CA, has been Managing Director of Phoslock Water Solutions Limited since January 2007 and has been its Company Secretary since December 10, 2008. Mr. S ...


CEO Compensation Analysis

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

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


Board Age and Tenure

1.4yrs

Average Tenure

The average tenure for the Phoslock Environmental Technologies board of directors is less than 3 years, this suggests a new board.


Insider Trading

Phoslock Environmental Technologies individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellAU$3,683,13201 Sep 19
Zhigang Zhang
EntityIndividual
Role
Vice Chairman
Non-Executive Deputy Chairman
Shares2,950,732
Max PriceAU$1.25
SellAU$1,167,70801 Sep 19
Ningping Ma
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares938,576
Max PriceAU$1.24
SellAU$4,315,80001 Sep 19
Robert Schuitema
EntityIndividual
Role
Chief Executive Officer
MD, Company Secretary & Executive Director
Shares3,200,000
Max PriceAU$1.35
SellAU$25,961,50501 Sep 19
Laurence Freedman
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman of the Board
Shares19,258,824
Max PriceAU$1.35
SellAU$2,288,12210 Jun 19
Zhigang Zhang
EntityIndividual
Role
Vice Chairman
Non-Executive Deputy Chairman
Shares3,000,000
Max PriceAU$0.76
SellAU$381,56310 Jun 19
Ningping Ma
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares500,000
Max PriceAU$0.76

Ownership Breakdown


Management Team

  • Nigel Traill

    General Manager of International Sales

    • Tenure: 0yrs
    • Compensation: AU$296.72k
  • Robert Schuitema (57yo)

    MD, Company Secretary & Executive Director

    • Tenure: 12.7yrs
    • Compensation: AU$1.17m
  • Andrew Winks

    General Manager of Global Operations

    • Tenure: 0yrs
    • Compensation: AU$271.32k
  • Sarah Marshall

    General Manager of Technical

    • Tenure: 0yrs
  • Ming Hong Zhong

    Executive

    • Tenure: 0yrs
    • Compensation: AU$142.00k
  • Xingyuan Wang

    Executive

    • Tenure: 0yrs
    • Compensation: AU$54.00k
  • Chris Hui

    Group Accountant

    • Tenure: 0yrs
    • Compensation: AU$170.64k
  • Changqing Jia

    Executive Officer

    • Tenure: 0yrs
    • Compensation: AU$108.26k

Board Members

  • Laurence Freedman (75yo)

    Non-Executive Chairman of the Board

    • Tenure: 0yrs
    • Compensation: AU$55.00k
  • Brenda Shanahan

    Non-Executive Director

    • Tenure: 2yrs
    • Compensation: AU$38.50k
  • Robert Schuitema (57yo)

    MD, Company Secretary & Executive Director

    • Tenure: 12.7yrs
    • Compensation: AU$1.17m
  • Zhigang Zhang

    Non-Executive Deputy Chairman

    • Tenure: 0.8yrs
    • Compensation: AU$41.25k
  • Ningping Ma

    Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: AU$5.83k

Company Information

Phoslock Environmental Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Phoslock Environmental Technologies Limited
  • Ticker: PET
  • Exchange: ASX
  • Founded:
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: AU$824.079m
  • Shares outstanding: 562.51m
  • Website: https://www.phoslock.com.au

Number of Employees


Location

  • Phoslock Environmental Technologies Limited
  • 25 Lime Street
  • Suite 403
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PETBNASX (Australian Securities Exchange)NPV DFD 23/09/19(EX-BONUS)AUAUDNo data
PETASX (Australian Securities Exchange)YesOrdinary SharesAUAUDAug 2002

Biography

Phoslock Environmental Technologies Limited provides water technologies and engineering solutions to manage nutrients and other water pollutants. It offers Phoslock, a lanthanum modified bentonite material ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 10:34
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.