Board Change • May 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). CFO & Executive Director Paul Brittain was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 20
Ashley Services Group Limited announces Annual dividend, payable on March 13, 2026 Ashley Services Group Limited announced Annual dividend of AUD 0.0140 per share payable on March 13, 2026, ex-date on March 03, 2026 and record date on March 04, 2026. Buy Or Sell Opportunity • Jan 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to AU$0.21. The fair value is estimated to be AU$0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 64%. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). CFO & Executive Director Paul Brittain was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 30
Ashley Services Group Limited, Annual General Meeting, Oct 28, 2025 Ashley Services Group Limited, Annual General Meeting, Oct 28, 2025. Location: level 10, 92 pitt st sydney nsw 2000, Australia Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: AU$0.015 (vs AU$0.009 in FY 2024) Full year 2025 results: EPS: AU$0.015 (up from AU$0.009 in FY 2024). Revenue: AU$515.9m (down 7.3% from FY 2024). Net income: AU$2.17m (up 61% from FY 2024). Profit margin: 0.4% (up from 0.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Board Change • Aug 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). CFO & Executive Director Paul Brittain was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CFO & Executive Director Paul Brittain was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CFO & Executive Director Paul Brittain was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (AU$32.4m market cap, or US$21.2m). Announcement • Oct 29
Ashley Services Group Limited, Annual General Meeting, Nov 26, 2024 Ashley Services Group Limited, Annual General Meeting, Nov 26, 2024. Location: at level 10, 92 pitt st sydney nsw 2000, Australia Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0.009 (vs AU$0.075 in FY 2023) Full year 2024 results: EPS: AU$0.009 (down from AU$0.075 in FY 2023). Revenue: AU$556.9m (up 1.4% from FY 2023). Net income: AU$1.35m (down 88% from FY 2023). Profit margin: 0.2% (down from 2.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 29% per year. Buy Or Sell Opportunity • Aug 29
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to AU$0.19. The fair value is estimated to be AU$0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.2%. Recent Insider Transactions • Mar 14
MD & Executive Director recently bought AU$841k worth of stock On the 13th of March, Ross Shrimpton bought around 4m shares on-market at roughly AU$0.21 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ross' only on-market trade for the last 12 months. Declared Dividend • Feb 29
First half dividend of AU$0.005 announced Shareholders will receive a dividend of AU$0.005. Ex-date: 4th March 2024 Payment date: 15th March 2024 Dividend yield will be 15%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
First half 2024 earnings released: EPS: AU$0.007 (vs AU$0.04 in 1H 2023) First half 2024 results: EPS: AU$0.007 (down from AU$0.04 in 1H 2023). Revenue: AU$290.8m (up 11% from 1H 2023). Net income: AU$985.0k (down 83% from 1H 2023). Profit margin: 0.3% (down from 2.2% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Feb 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by earnings (144% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (AU$36.0m market cap, or US$23.6m). New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$54.7m market cap, or US$36.5m). Announcement • Oct 05
Ashley Services Group Limited, Annual General Meeting, Nov 09, 2023 Ashley Services Group Limited, Annual General Meeting, Nov 09, 2023, at 11:01 AUS Eastern Standard Time. Location: Level 10, 92 Pitt St Sydney NSW 2000 Sydney Australia Agenda: To receive and consider the Financial Report of the Company and the consolidated entities, and the Reports of the Directors and Auditor for the financial year ended 30 June 2023; to consider the Remuneration Report; to consider Re-election of Director; and to consider other matters. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: AU$0.075 (vs AU$0.079 in FY 2022) Full year 2023 results: EPS: AU$0.075 (down from AU$0.079 in FY 2022). Revenue: AU$549.3m (up 22% from FY 2022). Net income: AU$10.8m (down 4.6% from FY 2022). Profit margin: 2.0% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$100.8m market cap, or US$64.6m). Upcoming Dividend • Aug 24
Upcoming dividend of AU$0.03 per share at 8.8% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio and cash payout ratio are on the higher end at 77% and 82% respectively. Trailing yield: 8.8%. Within top quartile of Australian dividend payers (7.2%). Higher than average of industry peers (3.4%). Announcement • Jul 28
Ashley Services Group Limited Declares A Fully Franked Final Dividend, Payable on 15 September 2023 Ashley Services Group Limited declared a fully franked final dividend of 3.0 cents per share in relation to the 2023 financial year. With the interim fully franked dividend of 3.0 cents per share previously declared on 10 February 2023, this represents a full year dividend for the 2023 financial year of 6.0 cents per share, consistent with the dividend for the 2022 financial year. Ex-dividend date is 31 August 2023. Record date is 1 September 2023. Final dividend payment date is 15 September 2023. Reported Earnings • Feb 25
First half 2023 earnings released: EPS: AU$0.04 (vs AU$0.04 in 1H 2022) First half 2023 results: EPS: AU$0.04 (in line with 1H 2022). Revenue: AU$262.4m (up 19% from 1H 2022). Net income: AU$5.75m (flat on 1H 2022). Profit margin: 2.2% (down from 2.6% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 23
Upcoming dividend of AU$0.03 per share at 7.4% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 17 March 2023. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 7.4%. Within top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (4.1%). Announcement • Feb 10
Ashley Services Group Limited Declares Fully Franked Interim Dividend for the Financial Year 2023, Payable on 17 March 2023 Ashley Services Group Limited announced to the market that the Board has declared a fully franked interim dividend of 3.0 cents per share in relation to the 2023 financial year. Ex-dividend date for final dividend is 2 March 2023, Record date for final dividend is 3 March 2023 and Final dividend payment date is 17 March 2023. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CFO & Executive Director Paul Brittain was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2022 earnings released: EPS: AU$0.079 (vs AU$0.064 in FY 2021) Full year 2022 results: EPS: AU$0.079 (up from AU$0.064 in FY 2021). Revenue: AU$449.8m (up 17% from FY 2021). Net income: AU$11.3m (up 24% from FY 2021). Profit margin: 2.5% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (3.9%). Board Change • May 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CFO, Joint Company Secretary & Executive Director Chris McFadden was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.04 (up from AU$0.026 in 1H 2021). Revenue: AU$219.8m (up 18% from 1H 2021). Net income: AU$5.80m (up 52% from 1H 2021). Profit margin: 2.6% (up from 2.0% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 23
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 02 March 2022. Payment date: 17 March 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Within top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (3.8%). Board Change • Oct 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CFO, Joint Company Secretary & Executive Director Chris McFadden was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 02
Full year 2021 earnings released: EPS AU$0.064 (vs AU$0.032 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$384.0m (up 14% from FY 2020). Net income: AU$9.15m (up 96% from FY 2020). Profit margin: 2.4% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 25
Upcoming dividend of AU$0.024 per share Eligible shareholders must have bought the stock before 01 September 2021. Payment date: 17 September 2021. Trailing yield: 9.6%. Within top quartile of Australian dividend payers (5.0%). Higher than average of industry peers (2.9%). Reported Earnings • Mar 02
First half 2021 earnings released: EPS AU$0.027 (vs AU$0.022 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$186.0m (up 1.4% from 1H 2020). Net income: AU$3.92m (up 24% from 1H 2020). Profit margin: 2.1% (up from 1.7% in 1H 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Feb 23
Upcoming Dividend of AU$0.018 Per Share Will be paid on the 18th of March to those who are registered shareholders by the 2nd of March. The trailing yield of 5.3% is in the top quartile of Australian dividend payers (5.2%), and it is higher than industry peers (2.8%). Is New 90 Day High Low • Feb 19
New 90-day high: AU$0.49 The company is up 27% from its price of AU$0.39 on 19 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: AU$0.43 The company is up 38% from its price of AU$0.32 on 30 October 2020. The Australian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: AU$0.41 The company is up 25% from its price of AU$0.33 on 09 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: AU$0.32 The company is down 3.0% from its price of AU$0.33 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 4.0% over the same period. 