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Xenith IP Group

ASX:XIP
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XIP
ASX
A$140M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Xenith IP Group Limited provides intellectual property (IP) services relating to the identification, registration, management, commercialization, and enforcement of IP rights in Australia and internationally. The last earnings update was 174 days ago. More info.


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XIP Share Price and Events
7 Day Returns
15.9%
ASX:XIP
1.3%
AU Professional Services
0.4%
AU Market
1 Year Returns
37.3%
ASX:XIP
4.6%
AU Professional Services
1.8%
AU Market
XIP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xenith IP Group (XIP) 15.9% 19% 30.1% 37.3% -58.1% -
AU Professional Services 1.3% 3.9% 2.3% 4.6% 28.1% 4.5%
AU Market 0.4% 4.3% 5.9% 1.8% 25.9% 3.7%
1 Year Return vs Industry and Market
  • XIP outperformed the Professional Services industry which returned 4.6% over the past year.
  • XIP outperformed the Market in Australia which returned 1.8% over the past year.
Price Volatility
XIP
Industry
5yr Volatility vs Market

XIP Value

 Is Xenith IP Group 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 Xenith IP Group 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 Xenith IP Group.

ASX:XIP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:XIP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.774 (1 + (1- 30%) (11.26%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.835 * 7.69%)
8.73%

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

The calculations below outline how an intrinsic value for Xenith IP Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:XIP DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 10.05 12.30 13.50 15.80 18.32
Source Analyst x2 Analyst x2 Analyst x2 Est @ 17%, capped from 39.82% Est @ 16%, capped from 39.82%
Present Value
Discounted (@ 8.73%)
9.24 10.40 10.50 11.30 12.05
Present value of next 5 years cash flows A$53.50
ASX:XIP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$18.32 × (1 + 2.31%) ÷ (8.73% – 2.31%)
A$291.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$291.89 ÷ (1 + 8.73%)5
A$192.04
ASX:XIP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$53.50 + A$192.04
A$245.54
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$245.54 / 88.72
A$2.77
ASX:XIP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.77
Current discount Discount to share price of A$1.60
= -1 x (A$1.60 - A$2.77) / A$2.77
42.2%

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

Current Discount
Amount off the current price Xenith IP Group is available for.
Intrinsic value
42%
Share price is A$1.6 vs Future cash flow value of A$2.77
Current Discount Checks
For Xenith IP Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xenith IP Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xenith IP Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Xenith IP Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xenith IP Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:XIP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.17
ASX:XIP Share Price ** ASX (2019-02-18) in AUD A$1.6
Australia Professional Services Industry PE Ratio Median Figure of 12 Publicly-Listed Professional Services Companies 23.42x
Australia Market PE Ratio Median Figure of 559 Publicly-Listed Companies 15.71x

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

** Primary Listing of Xenith IP Group.

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

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

= 1.6 ÷ -0.17

-9.64x

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

  • Xenith IP Group is loss making, we can't compare its value to the AU Professional Services industry average.
  • Xenith IP Group is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Xenith IP Group's expected growth come at a high price?
Raw Data
ASX:XIP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
75.6%per year
Australia Professional Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 1.29x
Australia Market PEG Ratio Median Figure of 361 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 Xenith IP Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Xenith IP Group's assets?
Raw Data
ASX:XIP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$1.41
ASX:XIP Share Price * ASX (2019-02-18) in AUD A$1.6
Australia Professional Services Industry PB Ratio Median Figure of 25 Publicly-Listed Professional Services Companies 1.86x
Australia Market PB Ratio Median Figure of 1,664 Publicly-Listed Companies 1.65x
ASX:XIP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.6 ÷ 1.41

1.13x

* Primary Listing of Xenith IP Group.

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

  • Xenith IP Group is good value based on assets compared to the AU Professional Services industry average.
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Value checks
We assess Xenith IP Group'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. Xenith IP Group has a total score of 3/6, 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.

XIP Future Performance

 How is Xenith IP Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
75.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xenith IP Group expected to grow at an attractive rate?
  • Xenith IP Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Xenith IP Group's earnings growth is expected to exceed the Australia market average.
  • Xenith IP Group's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:XIP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:XIP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 75.6%
ASX:XIP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.7%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 32.3%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*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:XIP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:XIP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 135 1
2021-06-30 134 15 14 3
2020-06-30 131 15 11 3
2019-06-30 129 13 10 3
ASX:XIP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 126 10 -15
2018-03-31 126 9 -5
2017-12-31 126 9 4
2017-09-30 106 10 4
2017-06-30 85 10 4
2017-03-31 64 8 4
2016-12-31 43 6 4
2016-09-30 40 6 5
2016-06-30 37 7 7
2016-03-31 33 8 7
2015-12-31 30 9 7
2015-09-30 28 8 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xenith IP Group's earnings are expected to grow significantly at over 20% yearly.
  • Xenith IP Group's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
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:XIP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Xenith IP Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:XIP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30
2020-06-30
2019-06-30
ASX:XIP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.17
2018-03-31 -0.06
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.06
2017-03-31 0.08
2016-12-31 0.10
2016-09-30 0.14
2016-06-30 0.20
2016-03-31 0.26
2015-12-31 0.33
2015-09-30 0.31

*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.
  • Xenith IP Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xenith IP Group'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.
Xenith IP Group has a total score of 3/6, 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.

XIP Past Performance

  How has Xenith IP Group 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 Xenith IP Group'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.
  • Xenith IP Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Xenith IP Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Xenith IP Group's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Xenith IP Group'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 Xenith IP Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:XIP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 126.45 -14.68 13.17
2018-03-31 126.36 -5.18 13.00
2017-12-31 126.27 4.33 12.84
2017-09-30 105.77 4.14 10.47
2017-06-30 85.26 3.96 8.11
2017-03-31 64.14 4.14 5.88
2016-12-31 43.01 4.33 3.65
2016-09-30 39.97 5.43 3.64
2016-06-30 36.92 6.54 3.63
2016-03-31 33.24 7.01 5.79
2015-12-31 29.55 7.48 7.96
2015-09-30 28.29 7.86 7.99
2015-06-30 27.04 8.23 8.02
2014-06-30 24.53 1.79 1.43
2013-06-30 25.06 2.52 1.43

*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 Xenith IP Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Xenith IP Group 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 Xenith IP Group 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 Xenith IP Group'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.
Xenith IP Group 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.

XIP Health

 How is Xenith IP Group'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 Xenith IP Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xenith IP Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xenith IP Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xenith IP Group'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 2.4x 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 Xenith IP Group Company Filings, last reported 7 months ago.

ASX:XIP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 125.53 15.79 2.76
2018-03-31 125.53 15.79 2.76
2017-12-31 144.55 19.22 3.04
2017-09-30 144.55 19.22 3.04
2017-06-30 142.84 14.90 3.65
2017-03-31 142.84 14.90 3.65
2016-12-31 85.29 0.00 66.70
2016-09-30 85.29 0.00 66.70
2016-06-30 4.49 4.00 4.91
2016-03-31 4.49 4.00 4.91
2015-12-31 1.22 5.00 3.73
2015-09-30 1.22 5.00 3.73
2015-06-30 2.59 2.00 1.40
2014-06-30
2013-06-30
  • Xenith IP Group's level of debt (12.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Xenith IP Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (61.6%, greater than 20% of total debt).
  • Xenith IP Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Xenith IP Group'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. Xenith IP Group has a total score of 4/6, 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.

XIP Dividends

 What is Xenith IP Group'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
4.69%
Current annual income from Xenith IP Group dividends. Estimated to be 6.42% next year.
If you bought A$2,000 of Xenith IP Group shares you are expected to receive A$94 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?
  • Xenith IP Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.68%).
  • Xenith IP Group's dividend is below the markets top 25% of dividend payers in Australia (6.02%).
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:XIP 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 3 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 420 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

ASX:XIP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.12 1.00
2021-06-30 0.11 3.00
2020-06-30 0.10 3.00
2019-06-30 0.09 3.00
ASX:XIP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-28 0.075 5.517
2018-02-26 0.064 5.412
2017-08-28 0.050 3.670
2017-02-22 0.032 1.539
2016-08-29 0.070 2.373

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

  • Xenith IP Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Xenith IP Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Xenith IP Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Xenith IP Group'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 Xenith IP Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xenith IP Group has a total score of 2/6, see the detailed checks below.


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

XIP Management

 What is the CEO of Xenith IP Group'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
Craig Dower
COMPENSATION A$661,017
TENURE AS CEO 1.5 years
CEO Bio

Mr. Craig Dower, FAICD, FAIM, MACS, has been Chief Executive Officer, Managing Director and Director of Xenith IP Group Limited since August 09, 2017. Mr. Dower serves as Chief Executive Officer and Managing Director at several companies, including Harris Technology, a leading technology multi-channel retailer; NetStar Australia, a network managed-services specialist; and Cards etc Inc., an early pioneer in multi-application smart cards. Mr. Dower’s professional services career has spanned over 30 years. His experience includes leading and driving organisational change, building high performance teams, technology-based innovation and integrating and managing acquisitions. He also has 20 years’ experience working across all of Asia Pacific, including five years based in Singapore. Mr. Dower served as the Chief Executive Officer of Salmat Limited from April 14, 2014 to May 31, 2017. He served as the President of Asia Pacific and China at Avanade, Inc. He joined Avanade, Inc. in 2007. He was responsible for directing strategy and operations for Avanade's Asia Pacific business, which includes Australia, Japan, Malaysia, Singapore, Thailand and China. Previously, he held senior executive positions within the Coles Group, one of Australia's largest retailers, as well as with EDS and Lucent Technologies, where he led its professional services team across APAC. He is a Fellow of the Australian Institute of Management, a Fellow of the Australian Institute of Company Directors and a Member of the Australian Computer Society.

CEO Compensation
  • Insufficient data for Craig to compare compensation growth.
  • Craig's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Xenith IP Group management team in years:

1.5
Average Tenure
  • The average tenure for the Xenith IP Group management team is less than 2 years, this suggests a new team.
Management Team

Craig Dower

TITLE
CEO, MD & Director
COMPENSATION
A$661K
TENURE
1.5 yrs

Stuart Smith

TITLE
Chief Corporate Development Officer & Executive Director
COMPENSATION
A$259K
TENURE
1.5 yrs

Sarah Prince

TITLE
Company Secretary
TENURE
0.1 yrs

Russell Davies

TITLE
Executive General Manager of Shelston IP
COMPENSATION
A$196K
Board of Directors Tenure

Average tenure and age of the Xenith IP Group board of directors in years:

2.6
Average Tenure
60
Average Age
  • The average tenure for the Xenith IP Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sibylle Krieger

TITLE
Non-Executive Chairman
COMPENSATION
A$154K
AGE
60
TENURE
3.3 yrs

Craig Dower

TITLE
CEO, MD & Director
COMPENSATION
A$661K
TENURE
1.5 yrs

Stuart Smith

TITLE
Chief Corporate Development Officer & Executive Director
COMPENSATION
A$259K
TENURE
3.5 yrs

Kate Spargo

TITLE
Non-Executive Director
COMPENSATION
A$92K
AGE
67
TENURE
1.8 yrs

Bob Alexander

TITLE
Director
TENURE
0.4 yrs

Susan Forrester

TITLE
Non-Executive Director
COMPENSATION
A$92K
AGE
50
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
15. Feb 19 Sell FIL Limited Company 12. Mar 18 13. Feb 19 -3,412,168 A$1.85 A$-6,312,509
15. Feb 19 Buy FIL Limited Company 10. Jan 18 17. May 18 918,073 A$1.28 A$1,172,766
15. Feb 19 Sell Adam Smith Asset Management Pty Limited Company 14. Oct 17 13. Feb 19 -2,295,766 A$1.67 A$-3,826,382
15. Feb 19 Buy Adam Smith Asset Management Pty Limited Company 14. Oct 17 13. Feb 19 1,903,489 A$1.39 A$2,637,896
25. Oct 18 Sell Susan Forrester Individual 23. Oct 18 23. Oct 18 -55,000 A$1.25 A$-68,880
28. Sep 18 Sell Colonial First State Asset Management (Australia) Limited Company 15. Jan 18 15. Jan 18 -54,028 A$1.26 A$-68,345
28. Sep 18 Buy Colonial First State Asset Management (Australia) Limited Company 27. Feb 18 27. Sep 18 1,013,900 A$1.44 A$1,312,340
08. May 18 Sell Perpetual Limited Company 22. Aug 17 21. Feb 18 -204,511 A$1.27 A$-259,947
08. May 18 Buy Perpetual Limited Company 23. Feb 17 04. May 18 1,911,206 A$1.47 A$2,817,888
X
Management checks
We assess Xenith IP Group'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. Xenith IP Group 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.

XIP News

Simply Wall St News

Why Xenith IP Group Limited's (ASX:XIP) Investor Composition Impacts Your Returns

In this analysis, my focus will be on developing a perspective on Xenith IP Group Limited’s (ASX:XIP) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … See our latest analysis for Xenith IP Group

Simply Wall St -

Best Rated ASX Services Dividend Stocks

ASX:XIP Historical Dividend Yield Jul 29th 18 Qantm Intellectual Property Limited (ASX:QIP) QIP has a large dividend yield of 6.98% and their current payout ratio is 100.85%. … ASX:QIP Historical Dividend Yield Jul 29th 18 Shine Corporate Limited (ASX:SHJ) SHJ has a good-sized dividend yield of 3.28% and pays out 21.58% of its profit as dividends , with analysts expecting the payout in three years to be 40.00%. … ASX:SHJ Historical Dividend Yield Jul 29th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

Should You Be Tempted To Sell Xenith IP Group Limited (ASX:XIP) Because Of Its PE Ratio?

Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … View our latest analysis for Xenith IP Group

Simply Wall St -

Why Did Xenith IP Group Limited's' (ASX:XIP) Insiders Buy Up More Shares?

some insider buying over the past three months, with insiders investing in. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

Investors Are Undervaluing Xenith IP Group Limited (ASX:XIP) By 45.52%

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for Xenith IP Group by following the link below.

Simply Wall St -

Will Xenith IP Group Limited (ASX:XIP) Continue To Underperform Its Industry?

Xenith IP Group Limited (ASX:XIP) generated a below-average return on equity of 3.00% in the past 12 months, while its industry returned 12.33%. … Check out our latest analysis for Xenith IP Group Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Xenith IP Group’s profit relative to its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:XIP Last Perf May 25th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Underpriced ASX Dividend Picks For The Day

Its dividend yield exceeds the top dividend-paying companies in Australia, with the average dividend yield of 5.16%. … Best dividend payers in Australia, on average, yield 5.16%. … ASX:HVN Historical Dividend Yield May 14th 18 For more mispriced dividend stocks to add to your portfolio, explore this interactive list of undervalued dividend payers.

Simply Wall St -

Is Xenith IP Group Limited (ASX:XIP) A Smart Pick For Income Investors?

Xenith IP Group Limited (ASX:XIP) has returned to shareholders over the past 2 years, an average dividend yield of 4.00% annually. … See our latest analysis for Xenith IP Group 5 checks you should use to assess a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … The reality is that it is too early to consider Xenith IP Group as a dividend investment.

Simply Wall St -

Xenith IP Group Limited (ASX:XIP): Did It Outperform The Industry?

For Xenith IP Group, its most recent trailing-twelve-month earnings is AU$4.33M, which, relative to the previous year's figure, Given that these values may be somewhat short-term, I’ve created an annualized five-year value for XIP's earnings, which stands at AU$5.21M This shows that Xenith IP Group's average annual earnings have traditionally been higher, which signals a downward trend in the bottom line. … Revenue growth in the past couple of years, has been positive, however, earnings growth has not been able to catch up, meaning Xenith IP Group has been growing its expenses by a lot more. … Eyeballing growth from a sector-level, the Australian professional services industry has been enduring some headwinds over the last couple of years, leading to an average earnings drop of -18.29% in the most recent year.

Simply Wall St -

Best-In-Class ASX Undervalued Stocks

Xenith IP Group and Mineral Commodities are two of the stocks I have identified as undervalued. … In addition to this, MRC’s PE ratio is currently around 6.68x while its Metals and Mining peer level trades at, 14.46x indicating that relative to other stocks in the industry, MRC can be bought at a cheaper price right now. … Additionally, LGD’s PE ratio is currently around 9.11x while its Trade Distributors peer level trades at, 16.89x meaning that relative to other stocks in the industry, LGD can be bought at a cheaper price right now.

Simply Wall St -

XIP Company Info

Map
Description

Xenith IP Group Limited provides intellectual property (IP) services relating to the identification, registration, management, commercialization, and enforcement of IP rights in Australia and internationally. The company primarily offers IP services relating to patents, trademarks, and designs. It serves corporations, research institutes, educational institutions, small to medium enterprises, start-up companies, and entrepreneurs; domestic professional services firms; and foreign associates, including offshore IP and law firms. The company was founded in 1859 and is based in Sydney, Australia.

Details
Name: Xenith IP Group Limited
XIP
Exchange: ASX
Founded: 1859
A$140,174,330
88,717,931
Website: http://www.xenithip.com
Address: Xenith IP Group Limited
60 Margaret Street,
Level 9,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX XIP Ordinary Shares Australian Securities Exchange AU AUD 20. Nov 2015
Number of employees
Current staff
Staff numbers
0
Xenith IP Group employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 10:35
End of day share price update: 2019/02/18 00:00
Last estimates confirmation: 2019/02/03
Last earnings filing: 2018/08/28
Last earnings reported: 2018/06/30
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.