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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Phoslock Water Solutions. This is due to cash flow or dividend data being
unavailable. The share price is
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
Phoslock Water Solutions's
is considered below, and whether this is a fair price.
Price based on past earnings
Phoslock Water Solutions's earnings available for a low price, and how does
this compare to other companies in the same industry?
Phoslock Water Solutions is loss making, we can't compare it's value to the AU Commercial Services industry average.
Phoslock Water Solutions is loss making, we can't compare the value of its earnings to the AU market.
Price based on expected Growth
Phoslock Water Solutions's expected growth come at a high price?
Unable to calculate PEG ratio for Phoslock Water Solutions, we can't assess if it's growth is good value.
Price based on value of assets
What value do investors place on
Phoslock Water Solutions's
Phoslock Water Solutions is overvalued based on assets compared to the AU Commercial Services industry average.
Phoslock Water Solutions is not covered by any analysts.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Phoslock Water Solutions
expected to grow at an
Unable to compare Phoslock Water Solutions's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Phoslock Water Solutions's earnings growth to the AU market average as no estimate data is available.
Unable to compare Phoslock Water Solutions's revenue growth to the AU market average as no estimate data is available.
Annual Growth Rates Comparison
Analysts growth expectations
High Growth Checks
Unable to determine if Phoslock Water Solutions is high growth as no earnings estimate data is available.
Unable to determine if Phoslock Water Solutions is high growth as no revenue estimate data is available.
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.
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.
No +3 year Return on Equity (ROE) data.
Improvement & Relative to industry
No +3 year Return on Equity (ROE) or industry average data.
Phoslock Water Solutions's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Phoslock Water Solutions
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Phoslock Water Solutions's finances.
The net worth of a company is the difference between its assets and liabilities.
Phoslock Water Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Phoslock Water Solutions's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Phoslock Water Solutions'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of stock/ inventory/ unsold assets.
Total debt is covered by total short term assets, assets are 1.9x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
Phoslock Water Solutions's level of debt (92.6% of total debt) compared to net worth is high (greater than 40%).
Phoslock Water Solutions had negative shareholder equity 5 years ago, it is now positive.
Total debt is not well covered by annual operating cash flow (-165%, less than 20% of total debt).
Phoslock Water Solutions is making a loss, therefore interest on debt is not well covered by earnings.
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.
TENURE AS CEO
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. Schuitema served as Company Secretary of KalNorth Gold Mines Limited (alternately Carrick Gold Limited) since January 17, 2011. He has been Secretary of Kidston Gold Mines Ltd., since January 17, 2011. He served as Chief Financial Officer of Phoslock Water Solutions Limited. He served as Company Secretary of Inca Minerals Limited from January 17, 2011 to May 18, 2012. He served as Company Secretary of Condor Metals Limited from January 17, 2011 to May 18, 2012. He is an experienced resource industry investment banker and financier, with 14 years of contribution at Chase Manhattan Bank. He served at JP MorganChase as Managing Director and Head of Mining & Metals for Asia Pacific. As an investment banker, Mr. Schuitema was actively involved in raising both debt (project finance, bank loans and long term bonds) and equity (including hybrids) and providing merger and acquisition advice for resource companies both in Australia and internationally. He served with resource companies ranging from the major resource houses to junior resource companies financing their first project. Mr. Schuitema has been the Chairman of Imt Holdings Ltd. since April 2005. He served as Executive Chairman of Phoslock Water Solutions Limited since April 2005 and has been its Executive Director since April 2005. He serves as Director of Imt Holdings Ltd. He has been an Executive Director of Carrick Gold Ltd. since 13, 2011. He has been an Executive Director of Kidston Gold Mines Ltd., since September 9, 2010. He served as a Director of KalNorth Gold Mines Limited until February 25, 2014. He served as a Director of Inca Minerals Limited from September 9, 2010 to May 18, 2012. He served as a Director of Condor Metals Limited from September 9, 2010 to May 18, 2012. He served as a Director of Carrick Gold Ltd. from September 9, 2010 to July 13, 2011. Mr. Schuitema served as an Independent Non-Executive Director of Electro Optic Systems Holdings Limited from December 6, 2006 to April 30, 2009. He served as a Director of Electro Optical Systems Ltd. Mr. Schuitema is a Chartered Accountant and Member of the NZ Institute of Investment.
Rob's compensation has increased whilst company is loss making.
Rob's compensation appears reasonable.
MD, Company Secretary & Executive Director
General Manager of Operations
General Manager of Europe & North America
Ming Hong Zhong
General Manager of Technical
Patrick Van Goethem
Europe Business Development Officer
General Manager of Phoslock Beijing
Manager of Changxing Factory
Board of Directors Tenure
Average tenure of the
Phoslock Water Solutions
board of directors in years:
The tenure for the Phoslock Water Solutions board of directors is about average.
Phoslock Water Solutions Limited (ASX:PHK): Has Recent Earnings Growth Beaten Long-Term Trend?
Measuring Phoslock Water Solutions Limited's (ASX:PHK) track record of past performance is an insightful exercise for investors. … Check out our latest analysis for Phoslock Water Solutions Could PHK beat the long-term trend and outperform its industry? … For Phoslock Water Solutions, the latest earnings -A$2M, which compared to last year’s level, has become less negative.
Phoslock Water Solutions Limited (ASX:PHK): Risks You Need To Consider Before Buying
Based on this beta value, PHK appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … PHK, with its market capitalisation of AUD A$92.78M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … However, this is the opposite to what PHK’s actual beta value suggests, which is lower stock volatility relative to the market.
Phoslock Water Solutions Limited operates as an engineering and treatment products company in the water remediation sector. The company manufactures, markets, and sells Phoslock, a natural product that works by locking the phosphate present in the water body, permanently preventing its re-release for use by algae. It provides its in-water solution for lakes, drinking water reservoirs, prawn aquaculture ponds, irrigation channels, golf course ponds, ornamental lakes, koi ponds, garden ponds, and other recreational water bodies; and as preventative product to absorb phosphorus before it enters water bodies by being applied in storm water basins and inflow channels, rivers, and canals. The company also engages in the design, engineering, implementation, and use of remediation materials for river, canal, and lake projects. It provides its products through licensees, distributors, and agents primarily in Australia, New Zealand, the United Kingdom, the United States, Canada, Brazil, China, Germany, the Netherlands, Belgium, Poland, and Hungary, as well as Indonesia, Malaysia, Singapore, Taiwan, and South Korea. The company was formerly known as IMT Holdings Limited and changed its name to Phoslock Water Solutions Limited in November 2005. Phoslock Water Solutions Limited is headquartered in Sydney, Australia.
This website contains factual information only (RG244B) and not general or personal advice. It does not take into account your investment objectives, financial situation or needs. You should seek independent financial and legal advice to consider if an investment is appropriate for your personal circumstances.