company background image
ATP

Atlas Pearls ASX:ATP Stock Report

Last Price

AU$0.033

Market Cap

AU$14.0m

7D

-8.3%

1Y

10.0%

Updated

28 Sep, 2022

Data

Company Financials
ATP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

ATP Stock Overview

Atlas Pearls Limited produces and supplies south sea pearls in Australia, Indonesia, and internationally.

Atlas Pearls Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Atlas Pearls
Historical stock prices
Current Share PriceAU$0.033
52 Week HighAU$0.058
52 Week LowAU$0.023
Beta0.51
1 Month Change-5.71%
3 Month Change-8.33%
1 Year Change10.00%
3 Year Change312.50%
5 Year Change13.79%
Change since IPO-92.04%

Recent News & Updates

Sep 08
Returns On Capital Are Showing Encouraging Signs At Atlas Pearls (ASX:ATP)

Returns On Capital Are Showing Encouraging Signs At Atlas Pearls (ASX:ATP)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...

Jun 01
Shareholders Would Enjoy A Repeat Of Atlas Pearls' (ASX:ATP) Recent Growth In Returns

Shareholders Would Enjoy A Repeat Of Atlas Pearls' (ASX:ATP) Recent Growth In Returns

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

ATPAU LuxuryAU Market
7D-8.3%-4.9%-3.3%
1Y10.0%-18.7%-10.6%

Return vs Industry: ATP exceeded the Australian Luxury industry which returned -18.7% over the past year.

Return vs Market: ATP exceeded the Australian Market which returned -10.6% over the past year.

Price Volatility

Is ATP's price volatile compared to industry and market?
ATP volatility
ATP Average Weekly Movement14.9%
Luxury Industry Average Movement5.4%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: ATP is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: ATP's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1987785Michael Riccihttps://www.atlaspearls.com.au

Atlas Pearls Limited produces and supplies south sea pearls in Australia, Indonesia, and internationally. It owns and operates silver and white pearl farms. The company also manufactures and sells pearl jewelry and related products.

Atlas Pearls Fundamentals Summary

How do Atlas Pearls's earnings and revenue compare to its market cap?
ATP fundamental statistics
Market CapAU$14.02m
Earnings (TTM)AU$4.59m
Revenue (TTM)AU$21.51m

3.1x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATP income statement (TTM)
RevenueAU$21.51m
Cost of RevenueAU$11.57m
Gross ProfitAU$9.94m
Other ExpensesAU$5.35m
EarningsAU$4.59m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.011
Gross Margin46.21%
Net Profit Margin21.35%
Debt/Equity Ratio4.6%

How did ATP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ATP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATP?

Other financial metrics that can be useful for relative valuation.

ATP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA3.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ATP's PE Ratio compare to its peers?

ATP PE Ratio vs Peers
The above table shows the PE ratio for ATP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.5x
GLE GLG
2.6xn/aAU$20.7m
GLB Globe International
7.7xn/aAU$143.1m
GAP Gale Pacific
10.6xn/aAU$80.8m
SHM Shriro Holdings
5xn/aAU$67.0m
ATP Atlas Pearls
3.1xn/aAU$14.0m

Price-To-Earnings vs Peers: ATP is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (6.5x).


Price to Earnings Ratio vs Industry

How does ATP's PE Ratio compare vs other companies in the Global Luxury Industry?

Price-To-Earnings vs Industry: ATP is good value based on its Price-To-Earnings Ratio (3.1x) compared to the Global Luxury industry average (12.5x)


Price to Earnings Ratio vs Fair Ratio

What is ATP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ATP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ATP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATP (A$0.03) is trading below our estimate of fair value (A$0.32)

Significantly Below Fair Value: ATP is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Atlas Pearls forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.8%

Forecasted Consumer Durables industry annual growth in earnings

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 Atlas Pearls 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 SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Atlas Pearls is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Atlas Pearls competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Atlas Pearls performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATP has a large one-off gain of A$2.3M impacting its June 30 2022 financial results.

Growing Profit Margin: ATP's current net profit margins (21.3%) are lower than last year (36.8%).


Past Earnings Growth Analysis

Earnings Trend: ATP has become profitable over the past 5 years, growing earnings by 31.1% per year.

Accelerating Growth: ATP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ATP had negative earnings growth (-31.7%) over the past year, making it difficult to compare to the Luxury industry average (34.2%).


Return on Equity

High ROE: ATP's Return on Equity (18.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Atlas Pearls's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ATP's short term assets (A$16.2M) exceed its short term liabilities (A$5.1M).

Long Term Liabilities: ATP's short term assets (A$16.2M) exceed its long term liabilities (A$2.0M).


Debt to Equity History and Analysis

Debt Level: ATP has more cash than its total debt.

Reducing Debt: ATP's debt to equity ratio has reduced from 13% to 4.6% over the past 5 years.

Debt Coverage: ATP's debt is well covered by operating cash flow (443.2%).

Interest Coverage: ATP's interest payments on its debt are well covered by EBIT (16.1x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Atlas Pearls's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Atlas Pearls Dividend Yield vs Market
How does Atlas Pearls dividend yield compare to the market?
SegmentDividend Yield
Company (Atlas Pearls)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Luxury)2.0%
Analyst forecast in 3 Years (Atlas Pearls)n/a

Notable Dividend: Unable to evaluate ATP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ATP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ATP has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Michael Ricci

0.25yr

Tenure

AU$4,739

Compensation

Mr. Michael Ricci serves as Chief Executive Officer of Atlas Pearls Limited since June 13, 2022. He has extensive understanding of the pearling industry having been Chief Executive Officer of the MG Kailis...


CEO Compensation Analysis

Michael Ricci's Compensation vs Atlas Pearls Earnings
How has Michael Ricci's remuneration changed compared to Atlas Pearls's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$5kAU$4k

AU$5m

Compensation vs Market: Michael's total compensation ($USD3.05K) is below average for companies of similar size in the Australian market ($USD274.98K).

Compensation vs Earnings: Insufficient data to compare Michael's compensation with company performance.


Leadership Team

Experienced Management: ATP's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: ATP's board of directors are considered experienced (9.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:ATP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
20 Dec 21BuyAU$3,317Cadell BussIndividual107,000AU$0.031

Ownership Breakdown

What is the ownership structure of ATP?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders104,014,93824.5%
Private Companies122,128,56628.7%
General Public198,666,11646.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 20 shareholders own 53.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.93%
Boneyard Investments Pty Ltd.
54,907,327A$1.8m0%no data
7.63%
William Martin
32,400,000A$1.1m0%no data
5.39%
Timothy Martin
22,877,668A$755.0k0%no data
4.88%
Raintree Pearls and Perfumes Pty Ltd
20,718,834A$683.7k0%no data
4.43%
Stephen Birkbeck
18,810,368A$620.7k0%no data
4.2%
Abermac Pty Ltd.
17,833,333A$588.5k0%no data
1.88%
Westwood Properties Pty Ltd
8,000,000A$264.0k0%no data
1.65%
Morckstow Pty Ltd
7,000,000A$231.0k40%no data
1.29%
Tingyao Xu
5,469,509A$180.5k0%no data
1.21%
Five Talents Limited
5,120,000A$169.0k0%no data
1.18%
Chembank Pty Ltd.
5,000,000A$165.0k0%no data
0.96%
Paul Butcher
4,067,208A$134.2k0%no data
0.9%
Kristie Birkbeck
3,818,536A$126.0k0%no data
0.84%
Queensridge Investments Pty Ltd
3,549,072A$117.1k0%no data
0.79%
Jennifer Roughan
3,360,000A$110.9k0%no data
0.78%
Pierre Francois Fallourd
3,311,206A$109.3k0%no data
0.71%
Sian Rutherford
3,000,000A$99.0k20%no data
0.71%
Wesley Rutherford
3,000,000A$99.0k20%no data
0.6%
Geoffrey Newman
2,563,443A$84.6k0%no data
0.31%
Cadell Buss
1,337,000A$44.1k0%no data

Company Information

Atlas Pearls Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Pearls Limited
  • Ticker: ATP
  • Exchange: ASX
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: AU$14.019m
  • Shares outstanding: 424.81m
  • Website: https://www.atlaspearls.com.au

Number of Employees


Location

  • Atlas Pearls Limited
  • 26 Railway Road
  • Subiaco
  • Western Australia
  • 6008
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATPASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 1994
ATPCHIA (Chi-X Australia)YesOrdinary SharesAUAUDFeb 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.