ASX:PET

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Phoslock Environmental Technologies

Executive Summary

Phoslock Environmental Technologies Limited engages in the design, engineering, and project implementation solutions for water related projects and water treatment products. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

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

Stable Share Price: PET's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

PET

1.9%

AU Commercial Services

1.2%

AU Market


1 Year Return

-81.2%

PET

-16.4%

AU Commercial Services

-10.3%

AU Market

Return vs Industry: PET underperformed the Australian Commercial Services industry which returned -16.4% over the past year.

Return vs Market: PET underperformed the Australian Market which returned -10.3% over the past year.


Shareholder returns

PETIndustryMarket
7 Day0%1.9%1.2%
30 Day-18.3%-5.0%-1.9%
90 Day-19.7%0.8%4.8%
1 Year-81.2%-81.2%-12.2%-16.4%-7.1%-10.3%
3 Year36.8%36.8%12.9%0.3%18.6%3.3%
5 Year749.1%749.1%41.9%15.5%46.1%15.4%

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 compared to its fair value and its price relative to the market?

2.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PET's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PET's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PET is unprofitable, so we can't compare its PE Ratio to the AU Commercial Services industry average.

PE vs Market: PET is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PET is overvalued based on its PB Ratio (2.8x) compared to the AU Commercial Services industry average (2x).


Next Steps

Future Growth

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

16.4%

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?

28.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PET is currently unprofitable.

Growing Profit Margin: PET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PET is unprofitable, but has reduced losses over the past 5 years at a rate of 28.1% per year.

Accelerating Growth: Unable to compare PET's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PET is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (0.2%).


Return on Equity

High ROE: PET has a negative Return on Equity (-6.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Phoslock Environmental Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: PET's short term assets (A$55.5M) exceed its short term liabilities (A$3.6M).

Long Term Liabilities: PET's short term assets (A$55.5M) exceed its long term liabilities (A$3.8M).


Debt to Equity History and Analysis

Debt Level: PET is debt free.

Reducing Debt: PET currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet


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.

Stable Cash Runway: PET has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PET has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 22% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PET's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PET's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PET's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Lachlan McKinnon

0.83

Tenure

AU$30,392

Compensation

Mr. Lachlan McKinnon serves as Director of Phoslock Environmental Technologies Limited since May 25, 2020. Mr. McKinnon has been Managing Director at Phoslock Environmental Technologies Limited since May 1 ...


Leadership Team

NamePositionTenureCompensationOwnership
Lachlan McKinnon
MD, CEO & Director0.83yrAU$30.39k0.080%
A$ 122.5k
Andrew Winks
General Manager of Global Operationsno dataAU$212.43k0.42%
A$ 648.3k
Yan Hui
Group Financial Controller & Accountant3.67yrsAU$142.05k0.16%
A$ 248.2k
Nigel Traill
General Manager of International Salesno dataAU$236.29k0.52%
A$ 793.9k
Matthew Parker
Group CFO & Company Secretary0.33yrno datano data
Sarah Marshall
General Manager of Technicalno datano datano data
Ming Zhong
Executiveno dataAU$142.00kno data
Xingyuan Wang
Executiveno dataAU$54.00kno data
Changqing Jia
Executive Officerno dataAU$108.26kno data

0.8yrs

Average Tenure

Experienced Management: PET's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lachlan McKinnon
MD, CEO & Director0.83yrAU$30.39k0.080%
A$ 122.5k
Laurence Freedman
Independent Non-Executive Chairman of the Boardno dataAU$91.67k11.12%
A$ 17.0m
Brenda Shanahan
Independent Non-Executive Director3yrsAU$77.00k0.24%
A$ 369.1k
Zhigang Zhang
Non-Executive Deputy Chairman1.75yrsAU$91.67k2.42%
A$ 3.7m
Ningping Ma
Non-Executive Director1.75yrsAU$64.75k0.39%
A$ 599.3k

1.8yrs

Average Tenure

Experienced Board: PET's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PET insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.1%.


Top Shareholders

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: 2002
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: AU$153.125m
  • Shares outstanding: 625.00m
  • Website: https://www.phoslock.com.au

Number of Employees


Location

  • Phoslock Environmental Technologies Limited
  • 1 Collins Street
  • Level 16
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PETASX (Australian Securities Exchange)YesOrdinary SharesAUAUDAug 2002
PETCHIA (Chi-X Australia)YesOrdinary SharesAUAUDAug 2002
PSLK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 2002

Biography

Phoslock Environmental Technologies Limited engages in the design, engineering, and project implementation solutions for water related projects and water treatment products. It offers Phoslock, a lanthanum ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 10:35
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.