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Phoslock Water Solutions

ASX:PHK
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PHK
ASX
A$221M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Phoslock Water Solutions Limited operates as an engineering and treatment products company in the water remediation sector. The last earnings update was 204 days ago. More info.


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  • Phoslock Water Solutions has significant price volatility in the past 3 months.
PHK Share Price and Events
Price Volatility
PHK
Industry
5yr Volatility vs Market

Value

 Is Phoslock Water Solutions 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
  • 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 A$0.455.
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 earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Phoslock Water Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PHK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in AUD A$-0.00
ASX:PHK Share Price ** ASX (2018-07-23) in AUD A$0.46
Australia Commercial Services Industry PE Ratio Median Figure of 16 Publicly-Listed Commercial Services Companies 19.84x
Australia Market PE Ratio Median Figure of 625 Publicly-Listed Companies 17.31x

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

** Primary Listing of Phoslock Water Solutions.

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

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

= 0.46 ÷ -0.00

-276.93x

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

  • Phoslock Water Solutions is loss making, we can't compare its 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 Australia market.
Price based on expected Growth
Does Phoslock Water Solutions's expected growth come at a high price?
Raw Data
ASX:PHK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -276.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Commercial Services Industry PEG Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 1.68x
Australia Market PEG Ratio Median Figure of 389 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Phoslock Water Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Phoslock Water Solutions's assets?
Raw Data
ASX:PHK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in AUD A$0.03
ASX:PHK Share Price * ASX (2018-07-23) in AUD A$0.46
Australia Commercial Services Industry PB Ratio Median Figure of 28 Publicly-Listed Commercial Services Companies 3.21x
Australia Market PB Ratio Median Figure of 1,794 Publicly-Listed Companies 1.97x
ASX:PHK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.46 ÷ 0.03

17.56x

* Primary Listing of Phoslock Water Solutions.

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

  • Phoslock Water Solutions is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Phoslock Water Solutions'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Phoslock Water Solutions has a total score of 0/6, 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.

Future Performance

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

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 Water Solutions 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

  • No analysts cover Phoslock Water Solutions, future earnings growth has been estimated based on fundamentals.
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
12.4%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Phoslock Water Solutions expected to grow at an attractive rate?
  • 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 Australia market average as no estimate data is available.
  • Unable to compare Phoslock Water Solutions's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:PHK Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 12%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:PHK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:PHK Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2017-12-31 8 -3 -1
2017-09-30 6 -3 -1
2017-06-30 4 -3 -2
2017-03-31 3 -3 -2
2016-12-31 3 -4 -2
2016-09-30 2 -3 -2
2016-06-30 2 -2 -2
2016-03-31 1 -2 -3
2015-12-31 1 -1 -3
2015-09-30 1 -2 -3
2015-06-30 1 -2 -3
2015-03-31 1 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
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.
Raw Data
ASX:PHK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Phoslock Water Solutions Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PHK Past Financials Data
Date (Data in AUD Millions) EPS *
2017-12-31 -0.00
2017-09-30 -0.00
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01
2015-09-30 -0.01
2015-06-30 -0.01
2015-03-31 -0.01

*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.
  • Unable to establish if Phoslock Water Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Phoslock Water Solutions'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.
  2. Phoslock Water Solutions's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Phoslock Water Solutions's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Phoslock Water Solutions'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.
Phoslock Water Solutions has a total score of 0/6, 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.

Past Performance

  How has Phoslock Water Solutions performed over the past 5 years?

  • Phoslock Water Solutions's last earnings update was 204 days ago.
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 Phoslock Water Solutions's growth in the last year to its industry (Commercial 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.
  • Phoslock Water Solutions does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Phoslock Water Solutions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Phoslock Water Solutions's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Phoslock Water Solutions'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 Phoslock Water Solutions Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PHK Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 8.13 -0.64 4.52
2017-09-30 5.98 -1.25 3.90
2017-06-30 3.83 -1.87 3.29
2017-03-31 3.24 -1.93 3.15
2016-12-31 2.85 -1.99 3.02
2016-09-30 2.29 -2.16 2.75
2016-06-30 1.73 -2.32 2.49
2016-03-31 1.33 -2.75 2.25
2015-12-31 0.93 -3.18 2.01
2015-09-30 0.88 -3.05 1.94
2015-06-30 0.84 -2.93 1.87
2015-03-31 0.98 -2.26 1.85
2014-12-31 1.13 -1.59 1.83
2014-09-30 1.11 -1.58 2.00
2014-06-30 1.10 -1.57 2.17
2014-03-31 1.16 -1.72 2.32
2013-12-31 1.21 -1.87 2.47
2013-09-30 1.26 -1.94 2.53
2013-06-30 1.31 -2.00 2.59
2013-03-31 1.00 -2.00 2.57
2012-12-31 0.68 -1.99 2.55
2012-09-30 0.87 -1.87 2.57
2012-06-30 1.05 -1.75 2.60
2012-03-31 1.69 -2.69 2.59
2011-12-31 2.32 -3.64 2.58
2011-09-30 2.04 -3.84 2.60

*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.
  • It is difficult to establish if Phoslock Water Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Phoslock Water Solutions has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Phoslock Water Solutions improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Phoslock Water Solutions'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 Commercial 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.
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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Phoslock Water Solutions'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 Phoslock Water Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
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 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 44.2x 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 Phoslock Water Solutions Company Filings, last reported 6 months ago.

ASX:PHK Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 12.28 0.30 7.04
2017-09-30 12.28 0.30 7.04
2017-06-30 1.94 1.79 1.23
2017-03-31 1.94 1.79 1.23
2016-12-31 0.19 1.35 0.35
2016-09-30 0.19 1.35 0.35
2016-06-30 0.65 0.94 1.31
2016-03-31 0.65 0.94 1.31
2015-12-31 -4.23 3.67 0.20
2015-09-30 -4.23 3.67 0.20
2015-06-30 -3.62 3.60 0.11
2015-03-31 -3.62 3.60 0.11
2014-12-31 -3.04 2.82 0.21
2014-09-30 -3.04 2.82 0.21
2014-06-30 -2.22 2.57 0.27
2014-03-31 -2.22 2.57 0.27
2013-12-31 -1.59 1.90 0.15
2013-09-30 -1.59 1.90 0.15
2013-06-30 -0.74 1.58 0.41
2013-03-31 -0.74 1.58 0.41
2012-12-31 -1.02 1.66 0.19
2012-09-30 -1.02 1.66 0.19
2012-06-30 -0.06 1.35 0.38
2012-03-31 -0.06 1.35 0.38
2011-12-31 1.07 0.22 0.36
2011-09-30 1.07 0.22 0.36
  • Phoslock Water Solutions's level of debt (2.5%) compared to net worth is satisfactory (less than 40%).
  • Phoslock Water Solutions had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we analyse their runway based on operating expenses, which includes recurring G&A and R&D. Analysis based on the most recent financials.

  • Phoslock Water Solutions's cash level can cover its current level of operating expenses for the next 1.6 years.
  • Phoslock Water Solutions's cash level can cover its operating expenses for the next 1.5 years, if it continues to grow at historical rates of 11.5% each year.
X
Financial health checks
We assess Phoslock Water Solutions'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. Phoslock Water Solutions has a total score of 5/6, 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.

Dividends

 What is Phoslock Water Solutions'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
0%
Current annual income from Phoslock Water Solutions dividends.
If you bought A$2,000 of Phoslock Water Solutions shares you are expected to receive A$0 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?
  • Unable to evaluate Phoslock Water Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Phoslock Water Solutions's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:PHK 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 0 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 499 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.3%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Phoslock Water Solutions has not reported any payouts.
  • Unable to verify if Phoslock Water Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Phoslock Water Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Phoslock Water Solutions 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.
X
Income/ dividend checks
We assess Phoslock Water Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Phoslock Water Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Phoslock Water Solutions has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Phoslock Water Solutions'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
Rob Schuitema, image provided by Google.
Rob Schuitema
COMPENSATION A$337,566
AGE 56
TENURE AS CEO 11.5 years
CEO Bio

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.

CEO Compensation
  • Rob's compensation has increased whilst company is loss making.
  • Rob's compensation appears reasonable for a company of this size and profit level.
Management Team

Rob Schuitema

TITLE
MD, Company Secretary & Executive Director
COMPENSATION
A$338K
AGE
56
TENURE
11.5 yrs

Andrew Winks

TITLE
General Manager of Operations
COMPENSATION
A$193K

Nigel Traill

TITLE
General Manager of Europe & North America
COMPENSATION
A$215K

Ming Hong Zhong

TITLE
Executive
COMPENSATION
A$142K

Xingyuan Wang

TITLE
Executive
COMPENSATION
A$54K

Chris Hui

TITLE
Group Accountant

Sarah Marshall

TITLE
General Manager of Technical

Patrick Van Goethem

TITLE
Europe Business Development Officer

Ting Liu

TITLE
General Manager of Phoslock Beijing

Jason Hai

TITLE
Manager of Changxing Factory
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure of the Phoslock Water Solutions board of directors in years:

1.1
Average Tenure
  • The average tenure for the Phoslock Water Solutions board of directors is less than 3 years, this suggests a new board.
Board of Directors

Laurence Freedman

TITLE
Non-Executive Chairman
COMPENSATION
A$69K
AGE
74

Rob Schuitema

TITLE
MD, Company Secretary & Executive Director
COMPENSATION
A$338K
AGE
56
TENURE
13.3 yrs

Zhigang Zhang

TITLE
Non-Executive Director
TENURE
1.1 yrs

Brenda Shanahan

TITLE
Non-Executive Director
TENURE
0.8 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess Phoslock Water Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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. Phoslock Water Solutions 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.

News

External News
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Simply Wall St News

When Will Loss-Maker Phoslock Water Solutions Limited (ASX:PHK) Need More Cash?

Looking at Phoslock Water Solutions’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … View our latest analysis for Phoslock Water Solutions What is cash burn? … According to my analysis, if Phoslock Water Solutions continues to grow at this rate, it will burn through its cash reserves by the next 1.5 years, and may be coming to market again.

Simply Wall St -

Does Phoslock Water Solutions Limited (ASX:PHK) Fall With The Market?

There are two types of risks that affect the market value of a listed company such as PHK. … 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. … Thus, we can expect PHK to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

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Is Phoslock Water Solutions Limited's (ASX:PHK) CEO Overpaid Relative To Its Peers?

Leading Phoslock Water Solutions Limited (ASX:PHK) as the CEO, Rob Schuitema took the company to a valuation of AU$144.54M. … Check out our latest analysis for Phoslock Water Solutions Did Schuitema create value? … Normally I'd use market cap and profit as factors determining performance, however, PHK's negative earnings reduces the effectiveness of this method.

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Why Phoslock Water Solutions Limited's (ASX:PHK) Investor Composition Impacts Your Returns

This level of insider ownership has been found to have a negative impact on companies with consistently low PE ratios (underperformers), while it has been positive in the case of high PE ratio firms (outperformers). … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With a low level of institutional ownership, investors in PHK need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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How Financially Strong Is Phoslock Water Solutions Limited (ASX:PHK)?

Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Looking at PHK’s most recent AU$2.56M liabilities, it appears that the company has been able to meet these commitments with a current assets level of AU$3.45M, leading to a 1.34x current account ratio. … Investors' risk associated with debt is virtually non-existent with PHK, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: Although PHK’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Interested In Phoslock Water Solutions Limited (ASX:PHK)? Here's What Its Recent Performance Looks Like

Check out our latest analysis for Phoslock Water Solutions Were PHK's earnings stronger than its past performances and the industry? … ASX:PHK Income Statement Mar 8th 18 We can further analyze Phoslock Water Solutions's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past half a decade Phoslock Water Solutions's top-line has increased by 22.89% on average, implying that the company is in a high-growth period with expenses shooting ahead of revenues, leading to annual losses.

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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.

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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.

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Company Info

Map
Description

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.

Details
Name: Phoslock Water Solutions Limited
PHK
Exchange: ASX
Founded:
A$221,252,478
497,196,581
Website: http://www.phoslock.com.au
Address: Phoslock Water Solutions Limited
25 Lime Street,
Suite 403,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PHK Ordinary Shares Australian Securities Exchange AU AUD 16. Aug 2002
CHIA PHK Ordinary Shares Chi-X Australia AU AUD 16. Aug 2002
Number of employees
Current staff
Staff numbers
59
Phoslock Water Solutions employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/07/23 07:45
End of day share price update: 2018/07/23 00:00
Last earnings update: 2017/12/31
Last annual earnings update: 2017/06/30


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.