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PS&C

ASX:PSZ
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSZ
ASX
A$14M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

PS&C Limited provides ICT services primarily in Australia. The last earnings update was 85 days ago. More info.


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  • PS&C has significant price volatility in the past 3 months.
PSZ Share Price and Events
7 Day Returns
-1.8%
ASX:PSZ
-0.5%
AU Professional Services
4%
AU Market
1 Year Returns
-63.3%
ASX:PSZ
9.3%
AU Professional Services
5.2%
AU Market
PSZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PS&C (PSZ) -1.8% -23.6% -52.2% -63.3% -91.5% -92.4%
AU Professional Services -0.5% 4.7% 10.9% 9.3% 29.6% 17.9%
AU Market 4% 3.5% 5.9% 5.2% 21.7% 9.6%
1 Year Return vs Industry and Market
  • PSZ underperformed the Professional Services industry which returned 9.3% over the past year.
  • PSZ underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
PSZ
Industry
5yr Volatility vs Market
Related Companies

PSZ Value

 Is PS&C 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
Here we compare the current share price of PS&C to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PS&C.

ASX:PSZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:PSZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.877 (1 + (1- 30%) (85.79%))
1.27
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.27 * 5.96%)
9.88%

Discounted Cash Flow Calculation for ASX:PSZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PS&C is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:PSZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 9.88%)
2019 0.01 Est @ -32.31% 0.01
2020 0.01 Est @ -21.92% 0.01
2021 0.01 Est @ -14.65% 0.01
2022 0.01 Est @ -9.56% 0.01
2023 0.01 Est @ -6% 0.01
2024 0.01 Est @ -3.51% 0.00
2025 0.01 Est @ -1.76% 0.00
2026 0.01 Est @ -0.54% 0.00
2027 0.01 Est @ 0.32% 0.00
2028 0.01 Est @ 0.92% 0.00
Present value of next 10 years cash flows A$0.06
ASX:PSZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$0.01 × (1 + 2.31%) ÷ (9.88% – 2.31%)
A$0.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$0.10 ÷ (1 + 9.88%)10
A$0.04
ASX:PSZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$0.06 + A$0.04
A$0.10
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$0.10 / 250.12
A$0
ASX:PSZ Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.06
= -1 x (A$0.06 - A$0.00) / A$0.00
-13839.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of PS&C is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 PS&C's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PS&C's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PSZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.09
ASX:PSZ Share Price ** ASX (2019-05-22) in AUD A$0.06
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 17.68x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.99x

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

** Primary Listing of PS&C.

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

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

= 0.06 ÷ -0.09

-0.58x

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

  • PS&C is loss making, we can't compare its value to the AU Professional Services industry average.
  • PS&C is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does PS&C's expected growth come at a high price?
Raw Data
ASX:PSZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 1.17x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.4x

*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 PS&C, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PS&C's assets?
Raw Data
ASX:PSZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.31
ASX:PSZ Share Price * ASX (2019-05-22) in AUD A$0.06
Australia Professional Services Industry PB Ratio Median Figure of 23 Publicly-Listed Professional Services Companies 1.99x
Australia Market PB Ratio Median Figure of 1,678 Publicly-Listed Companies 1.63x
ASX:PSZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.06 ÷ 0.31

0.17x

* Primary Listing of PS&C.

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

  • PS&C is good value based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess PS&C'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 Professional 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 Professional Services industry average (and greater than 0)? (1 check)
  5. PS&C has a total score of 1/6, 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.

PSZ Future Performance

 How is PS&C 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 PS&C 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

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
29.1%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PS&C expected to grow at an attractive rate?
  • Unable to compare PS&C's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare PS&C's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare PS&C's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:PSZ Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 29.1%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:PSZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:PSZ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:PSZ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 90 1 -16
2018-09-30 84 -1 -13
2018-06-30 78 -2 -10
2018-03-31 67 1 -5
2017-12-31 64 3 0
2017-09-30 69 5 -3
2017-06-30 74 7 -6
2017-03-31 78 5 -4
2016-12-31 83 2 -2
2016-09-30 84 1 2
2016-06-30 85 0 7
2016-03-31 86 1 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if PS&C is high growth as no earnings estimate data is available.
  • Unable to determine if PS&C 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:PSZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from PS&C Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PSZ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:PSZ Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.09
2018-09-30 -0.09
2018-06-30 -0.09
2018-03-31 -0.06
2017-12-31 0.00
2017-09-30 -0.04
2017-06-30 -0.08
2017-03-31 -0.06
2016-12-31 -0.03
2016-09-30 0.04
2016-06-30 0.11
2016-03-31 0.13

*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 PS&C will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PSZ’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. PS&C'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. PS&C'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 PS&C'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.
PS&C 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.

PSZ Past Performance

  How has PS&C performed over the past 5 years?

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 PS&C's growth in the last year to its industry (Professional 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.
  • PS&C does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PS&C's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PS&C's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
PS&C'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 PS&C Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PSZ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 90.37 -15.78
2018-09-30 84.36 -12.97
2018-06-30 78.35 -10.16
2018-03-31 67.03 -5.40
2017-12-31 64.29 0.01
2017-09-30 69.10 -2.79
2017-06-30 73.90 -5.60
2017-03-31 78.20 -3.84
2016-12-31 82.50 -2.08
2016-09-30 83.92 2.45
2016-06-30 85.33 6.97
2016-03-31 85.75 7.56
2015-12-31 86.17 8.15
2015-09-30 85.32 7.63
2015-06-30 84.47 7.12
2015-03-31 77.77 6.06
2014-12-31 71.08 5.01
2014-09-30 53.48 4.13
2014-06-30 35.87 3.24
2013-06-30 63.54 4.01 6.22
2012-06-30 48.98 2.66 5.87

*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 PS&C has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PS&C has efficiently used its assets last year compared to the AU Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PS&C 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 PS&C'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 Professional 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.
PS&C 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.

PSZ Health

 How is PS&C'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 PS&C's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PS&C's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PS&C's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PS&C'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 1.5x 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 PS&C Company Filings, last reported 4 months ago.

ASX:PSZ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 76.44 11.80 2.83
2018-09-30 76.44 11.80 2.83
2018-06-30 80.98 12.90 4.69
2018-03-31 80.98 12.90 4.69
2017-12-31 76.49 13.20 3.23
2017-09-30 76.49 13.20 3.23
2017-06-30 63.94 15.40 8.07
2017-03-31 63.94 15.40 8.07
2016-12-31 63.53 15.38 1.51
2016-09-30 63.53 15.38 1.51
2016-06-30 68.08 16.50 3.51
2016-03-31 68.08 16.50 3.51
2015-12-31 64.77 12.96 1.84
2015-09-30 64.77 12.96 1.84
2015-06-30 54.87 4.16 5.13
2015-03-31 54.87 4.16 5.13
2014-12-31 51.45 4.89 5.00
2014-09-30 51.45 4.89 5.00
2014-06-30 46.24 0.00 5.55
2013-06-30 43.22 0.36 2.44
2012-06-30
  • PS&C's level of debt (15.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.4% vs 15.4% today).
  • Debt is not well covered by operating cash flow (5.5%, less than 20% of total debt).
  • PS&C is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess PS&C'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. PS&C has a total score of 2/6, 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.

PSZ Dividends

 What is PS&C'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 PS&C dividends.
If you bought A$2,000 of PS&C 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 PS&C's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PS&C'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:PSZ 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 Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

ASX:PSZ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:PSZ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2017-09-27 0.000 0.000
2017-08-17 0.000 0.000
2017-02-22 0.000 0.000
2016-08-17 0.000 0.000
2016-02-17 0.050 8.871
2015-08-19 0.060 6.545
2015-02-18 0.060 7.178
2014-08-26 0.030 3.718

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

  • Unable to perform a dividend volatility check as PS&C has not reported any payouts.
  • Unable to verify if PS&C's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PS&C's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PS&C 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 PS&C's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 PS&C afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PS&C 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.

PSZ Management

 What is the CEO of PS&C'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
Glenn Fielding
AGE 66
TENURE AS CEO 2.3 years
CEO Bio

Mr. Glenn W. Fielding has been Chief Executive Officer of Professional Solutions at UXC Limited since July 01, 2010. Mr. Fielding has been Chief Executive Officer and Managing Director at PS&C Limited since February 2017. He served as Managing Director of DWS Advanced Business Solutions Limited (now known as DWS Limited) until January 30, 2008. He was a founding member of SMS Consulting Group. During his 13 years at SMS, he performed many senior roles including commercial management and merger and acquisition activities. He was instrumental in setting up and running the national contracting arm of SMS. Mr. Fielding held senior management roles in banking and finance industries. He is a very experienced senior executive in the IT services industry and has a history of creating value through his positions at SMX, DWS, IGL and UXC. He has been a Director of PS&C Limited since May 18, 2017. He served as Director of DWS Advanced Business Solutions Limited from May 9, 2006 to January 30, 2008. Mr. Fielding served as Non Executive Director of CPT Global Ltd. until May 12, 2006. He served as Director of SMS Consulting Group from 1992 to June 30, 1999.

CEO Compensation
  • Glenn's compensation has increased whilst company is loss making.
  • Glenn's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the PS&C management team in years:

1.8
Average Tenure
  • The average tenure for the PS&C management team is less than 2 years, this suggests a new team.
Management Team

Glenn Fielding

TITLE
CEO, MD & Director
AGE
66
TENURE
2.3 yrs

Jeff Bennett

TITLE
CFO & Company Secretary
COMPENSATION
A$316K
AGE
60
TENURE
1.6 yrs

Kurt Hansen

TITLE
Executive General Manager of Security
COMPENSATION
A$458K
TENURE
1.8 yrs

Michael Williamson

TITLE
Group Marketing Manager

Jennifer Hegarty

TITLE
Human Resource Manager

Robert Hogeland

TITLE
Managing Director of Seisma

Joshua McGrath

TITLE
Managing Director of Sacon Group
Board of Directors Tenure

Average tenure of the PS&C board of directors in years:

1.4
Average Tenure
  • The average tenure for the PS&C board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kevin McLaine

TITLE
Non-Executive Chairman
COMPENSATION
A$125K
TENURE
1.4 yrs

Glenn Fielding

TITLE
CEO, MD & Director
AGE
66
TENURE
2 yrs

Nigel Warren

TITLE
Non-Executive Director
COMPENSATION
A$47K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
05. Dec 18 Buy Glenn Fielding Individual 23. Nov 18 23. Nov 18 14,962 A$0.14 A$2,020
X
Management checks
We assess PS&C's management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. PS&C 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.

PSZ News

Simply Wall St News

The PS&C (ASX:PSZ) Share Price Is Down 93% So Some Shareholders Are Rather Upset

For example, we sympathize with anyone who was caught holding PS&C Limited (ASX:PSZ) during the five years that saw its share price drop a whopping 93%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over five years PS&C's earnings per share dropped significantly, falling to a loss, with the share price also lower.

Simply Wall St -

What Kind Of Investor Owns Most Of PS&C Limited (ASX:PSZ)?

A look at the shareholders of PS&C Limited (ASX:PSZ) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of AU$29m, PS&C is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Have Insiders Been Buying PS&C Limited (ASX:PSZ) Shares?

The Last 12 Months Of Insider Transactions At PS&C. … CEO, MD & Director Glenn Fielding made the biggest insider purchase in the last 12 months. … Glenn Fielding was the only individual insider to buy shares in the last twelve months

Simply Wall St -

Are PS&C Limited's (ASX:PSZ) Interest Costs Too High?

PS&C Limited (ASX:PSZ) is a small-cap stock with a market capitalization of AU$33m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Do Institutions Own PS&C Limited (ASX:PSZ) Shares?

With a market capitalization of AU$34m, PS&C is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that. … We can zoom in on the different ownership groups, to learn more about PSZ

Simply Wall St -

PS&C Limited (ASX:PSZ): Time For A Financial Health Check

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

How Did PS&C Limited's (ASX:PSZ) 0.86% ROE Fare Against The Industry?

and want a simplistic look at the return on PS&C Limited (ASX:PSZ) stock. … PS&C Limited (ASX:PSZ) generated a below-average return on equity of 0.86% in the past 12 months, while its industry returned 12.33%. … Knowing these components can change your views on PSZ's below-average returns.

Simply Wall St -

PSZ Company Info

Description

PS&C Limited provides ICT services primarily in Australia. The company operates in four segments: Discovery + Insights, Design + Process, Delivery + Cloud, and Defend + Secure. The Discovery + Insights segment is involved in shaping digital ambition, strategy, and business cases based on insights. The Design + Process segment provides specialist contractors to customers for medium and long-term ICT projects, as well as manages payroll function for customers. The Delivery + Cloud segment engages in the consulting and implementation of services around unified communications, conferencing and messaging, contact center solutions, and secure voice technologies. The Defend + Secure segment is involved in services and consulting around reducing operational, financial, reputational risk, and digital security matters. PS&C Limited was founded in 2013 and is based in Melbourne, Australia.

Details
Name: PS&C Limited
PSZ
Exchange: ASX
Founded: 2013
A$13,756,432
250,116,958
Website: http://www.pscgroup.com.au
Address: PS&C Limited
410 Collins Street,
Level 10,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PSZ Ordinary Shares Australian Securities Exchange AU AUD 02. Dec 2013
Number of employees
Current staff
Staff numbers
0
PS&C employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 10:36
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2017/08/17
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.