Phoslock Environmental Technologies Limited provides water technologies and engineering solutions to manage nutrients and other water pollutants.
Flawless balance sheet with acceptable track record.
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.
7 Day Return
AU Commercial Services
1 Year Return
AU Commercial Services
Return vs Industry: PET exceeded the Australian Commercial Services industry which returned -22.2% over the past year.
Return vs Market: PET exceeded the Australian Market which returned -18.8% over the past year.
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
1 month ago | Simply Wall StDo Institutions Own Phoslock Environmental Technologies Limited (ASX:PET) Shares?
3 months ago | Simply Wall StHow Many Phoslock Environmental Technologies Limited (ASX:PET) Shares Have Insiders Sold, In The Last Year?
5 months ago | Simply Wall StShould You Worry About Phoslock Environmental Technologies Limited's (ASX:PET) CEO Pay Cheque?
Is Phoslock Environmental Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PET (A$0.52) is trading below our estimate of fair value (A$0.81)
Significantly Below Fair Value: PET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PET is poor value based on its PE Ratio (97.1x) compared to the Commercial Services industry average (16.8x).
PE vs Market: PET is poor value based on its PE Ratio (97.1x) compared to the Australian market (12.9x).
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 (9.7x) compared to the AU Commercial Services industry average (1.5x).
How is Phoslock Environmental Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Phoslock Environmental Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Phoslock Environmental Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
How has Phoslock Environmental Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PET has high quality earnings.
Growing Profit Margin: PET became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PET has become profitable over the past 5 years, growing earnings by 37.6% per year.
Accelerating Growth: PET has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PET has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (0.9%).
Return on Equity
High ROE: PET's Return on Equity (9%) is considered low.
How is Phoslock Environmental Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: PET's short term assets (A$35.4M) exceed its short term liabilities (A$7.7M).
Long Term Liabilities: PET's short term assets (A$35.4M) exceed its long term liabilities (A$431.3K).
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.
Inventory Level: PET has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if PET's debt is covered by short term assets.
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 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: PET is profitable, therefore cash runway is not a concern.
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 payouts.
High Dividend: Unable to evaluate PET's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Lachlan McKinnon serves as the Chief Executive Officer of Phoslock Environmental Technologies since November 2019. He has many years of experience in both the chemical and agricultural industries. He h ...
|CFO, MD & Executive Director||14.83yrs||AU$1.17m||1.69% A$4.5m|
|Non-Executive Chairman of the Board||no data||AU$55.00k||12.25% A$32.9m|
|Non-Executive Director||2.42yrs||AU$38.50k||0.23% A$620.6k|
|Non-Executive Deputy Chairman||1.25yrs||AU$41.25k||2.65% A$7.1m|
|Non-Executive Director||1.25yrs||AU$5.83k||0.40% A$1.1m|
Experienced Board: PET's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.
Phoslock Environmental Technologies Limited's company bio, employee growth, exchange listings and data sources
- Name: Phoslock Environmental Technologies Limited
- Ticker: PET
- Exchange: ASX
- Founded: 2002
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: AU$268.371m
- Shares outstanding: 564.99m
- Website: https://www.phoslock.com.au
Number of Employees
- Phoslock Environmental Technologies Limited
- 25 Lime Street
- Level 4
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PET||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2002|
|PET||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2002|
|PSLK.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Aug 2002|
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 that removes excess phosphate from water and reduces the growth of harmful algae; Zeolite, which improves water quality by absorbing nutrients, such as nitrogen; and Bacteria that breaks down organic material and cause human and water borne diseases. The company also designs, engineers, and implements solutions for water related projects to clean up lakes, rivers, canals, wetlands, and drinking water reservoirs. It offers its products through licensees and sales agents in Australia and New Zealand; Europe and the United Kingdom; the United States, Canada, and Brazil; and China. The company was formerly known as Phoslock Water Solutions Limited and changed its name to Phoslock Environmental Technologies Limited in August 2018. Phoslock Water Solutions Limited was founded in 2002 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 10:41|
|End of Day Share Price||2020/03/31 00:00|
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.