Loading...

Gale Pacific

ASX:GAP
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GAP
ASX
A$86M
Market Cap
  1. Home
  2. AU
  3. Consumer Durables
Company description

Gale Pacific Limited, together with its subsidiaries, manufactures, markets, and distributes screening, shading, and home improvement products for domestic, commercial, and industrial applications primarily in Australasia, China, the Americas, the Middle East, North Africa, and internationally. The last earnings update was 127 days ago. More info.


Add to Portfolio Compare Print
GAP Share Price and Events
7 Day Returns
-1.5%
ASX:GAP
-2%
AU Consumer Durables
2.1%
AU Market
1 Year Returns
-9.9%
ASX:GAP
11.1%
AU Consumer Durables
5.6%
AU Market
GAP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gale Pacific (GAP) -1.5% 0% 0% -9.9% -8.6% 36.2%
AU Consumer Durables -2% -4.9% -1.5% 11.1% 48.7% 83.8%
AU Market 2.1% 3.3% 8.4% 5.6% 27.8% 15.1%
1 Year Return vs Industry and Market
  • GAP underperformed the Consumer Durables industry which returned 11.1% over the past year.
  • GAP underperformed the Market in Australia which returned 5.6% over the past year.
Price Volatility
GAP
Industry
5yr Volatility vs Market

GAP Value

 Is Gale Pacific 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 Gale Pacific 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 Gale Pacific.

ASX:GAP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 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:GAP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.874 (1 + (1- 30%) (49.86%))
1.12
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.12 * 5.96%)
8.99%

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

The calculations below outline how an intrinsic value for Gale Pacific 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:GAP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.99%)
2019 7.20 Analyst x1 6.61
2020 8.70 Analyst x1 7.32
2021 10.50 Analyst x1 8.11
2022 11.95 Est @ 13.83% 8.47
2023 13.19 Est @ 10.37% 8.58
2024 14.24 Est @ 7.95% 8.50
2025 15.13 Est @ 6.26% 8.29
2026 15.90 Est @ 5.08% 7.99
2027 16.58 Est @ 4.25% 7.64
2028 17.18 Est @ 3.67% 7.27
Present value of next 10 years cash flows A$78.78
ASX:GAP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$17.18 × (1 + 2.31%) ÷ (8.99% – 2.31%)
A$263.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$263.45 ÷ (1 + 8.99%)10
A$111.43
ASX:GAP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$78.78 + A$111.43
A$190.21
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$190.21 / 282.22
A$0.67
ASX:GAP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.67
Current discount Discount to share price of A$0.32
= -1 x (A$0.32 - A$0.67) / A$0.67
52.5%

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

Current Discount
Amount off the current price Gale Pacific is available for.
Intrinsic value
>50%
Share price is A$0.32 vs Future cash flow value of A$0.67399
Current Discount Checks
For Gale Pacific to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gale Pacific's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gale Pacific'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 Gale Pacific's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gale Pacific's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GAP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.03
ASX:GAP Share Price ** ASX (2019-06-25) in AUD A$0.32
Australia Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 10.65x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.07x

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

** Primary Listing of Gale Pacific.

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

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

= 0.32 ÷ 0.03

10.05x

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

  • Gale Pacific is good value based on earnings compared to the AU Consumer Durables industry average.
  • Gale Pacific is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Gale Pacific's expected growth come at a high price?
Raw Data
ASX:GAP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
18.3%per year
Australia Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.77x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

ASX:GAP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.05x ÷ 18.3%

0.55x

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

  • Gale Pacific is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Gale Pacific's assets?
Raw Data
ASX:GAP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.30
ASX:GAP Share Price * ASX (2019-06-25) in AUD A$0.32
Australia Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 3.18x
Australia Market PB Ratio Median Figure of 1,689 Publicly-Listed Companies 1.64x
ASX:GAP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.32 ÷ 0.30

1.06x

* Primary Listing of Gale Pacific.

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

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

GAP Future Performance

 How is Gale Pacific expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gale Pacific expected to grow at an attractive rate?
  • Gale Pacific's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Gale Pacific's earnings growth is expected to exceed the Australia market average.
  • Gale Pacific's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:GAP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:GAP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 18.3%
ASX:GAP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.6%
Australia Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
Australia Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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:GAP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GAP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 194 16 14 1
2020-06-30 181 14 12 1
2019-06-30 168 16 10 1
ASX:GAP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 165 5 9
2018-09-30 164 7 10
2018-06-30 162 9 10
2018-03-31 157 13 0
2017-12-31 158 17 -9
2017-09-30 167 18 -9
2017-06-30 176 20 -8
2017-03-31 174 18 1
2016-12-31 171 16 10
2016-09-30 173 17 10
2016-06-30 174 18 10
2016-03-31 170 16 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gale Pacific's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
  • Gale Pacific's revenue is expected to grow by 6.6% 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:GAP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Gale Pacific Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GAP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.05 0.05 0.05 1.00
2020-06-30 0.04 0.04 0.04 1.00
2019-06-30 0.03 0.03 0.03 1.00
ASX:GAP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.00
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 0.00
2016-12-31 0.03
2016-09-30 0.03
2016-06-30 0.03
2016-03-31 0.03

*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.
  • Gale Pacific is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gale Pacific'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.
Gale Pacific 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.

GAP Past Performance

  How has Gale Pacific 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 Gale Pacific's growth in the last year to its industry (Consumer Durables).
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.
  • Gale Pacific's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Gale Pacific has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Gale Pacific has become profitable in the last year making it difficult to compare the AU Consumer Durables industry average.
Earnings and Revenue History
Gale Pacific'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 Gale Pacific Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GAP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 165.38 9.20 44.66
2018-09-30 163.58 9.50 44.48
2018-06-30 161.77 9.81 44.30
2018-03-31 157.03 0.24 44.55
2017-12-31 158.12 -9.33 45.01
2017-09-30 167.23 -8.69 45.94
2017-06-30 176.33 -8.04 46.87
2017-03-31 173.88 1.18 47.18
2016-12-31 171.43 10.40 47.48
2016-09-30 172.82 10.32 47.77
2016-06-30 174.21 10.23 48.05
2016-03-31 170.34 9.61 49.43
2015-12-31 166.47 9.00 50.81
2015-09-30 157.23 7.08 49.74
2015-06-30 147.99 5.17 48.68
2015-03-31 145.94 4.62 48.31
2014-12-31 143.88 4.06 47.95
2014-09-30 140.59 6.15 46.61
2014-06-30 137.30 8.23 45.27
2014-03-31 131.57 8.15 41.04
2013-12-31 125.84 8.07 36.82
2013-09-30 122.91 8.58 35.08
2013-06-30 119.99 9.08 33.35
2013-03-31 115.18 8.98 32.12
2012-12-31 110.37 8.87 30.89
2012-09-30 110.42 8.67 30.32
2012-06-30 110.47 8.48 29.75

*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.
  • Gale Pacific has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gale Pacific used its assets less efficiently than the AU Consumer Durables industry average last year based on Return on Assets.
  • Gale Pacific has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gale Pacific'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 Consumer Durables 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.
Gale Pacific has a total score of 1/6, 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.

GAP Health

 How is Gale Pacific'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 Gale Pacific's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gale Pacific is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gale Pacific's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gale Pacific'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x 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 Gale Pacific Company Filings, last reported 5 months ago.

ASX:GAP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 87.04 42.92 18.23
2018-09-30 87.04 42.92 18.23
2018-06-30 87.48 29.72 22.99
2018-03-31 87.48 29.72 22.99
2017-12-31 81.15 32.40 21.00
2017-09-30 81.15 32.40 21.00
2017-06-30 83.40 23.67 24.97
2017-03-31 83.40 23.67 24.97
2016-12-31 100.38 37.00 23.30
2016-09-30 100.38 37.00 23.30
2016-06-30 99.62 32.72 24.56
2016-03-31 99.62 32.72 24.56
2015-12-31 98.44 35.88 15.84
2015-09-30 98.44 35.88 15.84
2015-06-30 97.79 34.42 17.77
2015-03-31 97.79 34.42 17.77
2014-12-31 85.59 42.17 17.16
2014-09-30 85.59 42.17 17.16
2014-06-30 83.64 24.27 13.06
2014-03-31 83.64 24.27 13.06
2013-12-31 84.47 24.94 11.35
2013-09-30 84.47 24.94 11.35
2013-06-30 83.16 14.38 12.77
2013-03-31 83.16 14.38 12.77
2012-12-31 73.89 18.59 8.77
2012-09-30 73.89 18.59 8.77
2012-06-30 74.18 7.23 3.25
  • Gale Pacific's level of debt (49.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.5% vs 49.3% today).
  • Debt is not well covered by operating cash flow (12%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess Gale Pacific'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. Gale Pacific has a total score of 3/6, 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.

GAP Dividends

 What is Gale Pacific'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
6.25%
Current annual income from Gale Pacific dividends. Estimated to be 7.92% next year.
If you bought A$2,000 of Gale Pacific shares you are expected to receive A$125 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?
  • Gale Pacific's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.61%).
  • Gale Pacific's dividend is above the markets top 25% of dividend payers in Australia (5.83%).
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:GAP 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 1 Analyst Estimates (S&P Global) See Below
Australia Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
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 5.8%

Industry and Market average data is calculated daily.

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

ASX:GAP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.03 1.00
2020-06-30 0.03 1.00
2019-06-30 0.02 1.00
ASX:GAP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-18 0.020 6.344
2018-08-15 0.020 5.736
2018-02-19 0.020 5.412
2017-08-24 0.020 5.436
2017-02-16 0.020 5.014
2016-08-18 0.020 5.153
2016-02-17 0.015 4.620
2015-08-26 0.010 3.761
2015-02-27 0.000 0.000
2014-08-26 0.027 11.517
2013-09-02 0.027 9.991
2013-08-23 0.027 8.833
2013-02-22 0.026 8.753
2012-08-24 0.025 8.544
2012-02-24 0.024 9.179
2011-08-25 0.024 10.381
2011-02-18 0.020 9.931
2010-08-27 0.010 4.407

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

  • Gale Pacific 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 Gale Pacific only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Gale Pacific's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Gale Pacific'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 Gale Pacific afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gale Pacific has a total score of 4/6, see the detailed checks below.


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

GAP Management

 What is the CEO of Gale Pacific'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
Nick Pritchard
COMPENSATION A$692,958
TENURE AS CEO 4.8 years
CEO Bio

Mr. Nicholas Mark Reginald Pritchard, also known as Nick, B.Bus (Marketing) has been the Group Managing Director of Gale Pacific Ltd. since August 22, 2014. Mr. Pritchard served as Managing Director of Australia & New Zealand at Gale Pacific Ltd. since August 2013. He joined Gale in August 2013. Prior to Gale, he held various senior leadership positions at Newell Rubbermaid including, most recently, Vice-President / General Manager Australia and New Zealand. At Newell Rubbermaid, a $6 billion USA public company (brands including Parker, Waterman, PaperMate, DYMO, IRWIN Tools and Rubbermaid), he led all business segments encompassing office products, tools, commercial and home businesses for the Australia and New Zealand markets. Mr. Pritchard has considerable local and international experience in brand development, business consolidation and leading a highly profitable, high growth organisation. He returns to Gale after more than 10 years at Newell Rubbermaid. He was formerly Marketing Manager and Product Manager of Gale Pacific from 1996 to 2003 and developed the Coolaroo brand and many of its highly successful products. He has been a Director at Gale Pacific Ltd. since August 22, 2014. He has a Bachelor of Business (Marketing).

CEO Compensation
  • Nick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nick's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Gale Pacific management team in years:

4.7
Average Tenure
  • The tenure for the Gale Pacific management team is about average.
Management Team

Nick Pritchard

TITLE
Group MD & Director
COMPENSATION
A$693K
TENURE
4.8 yrs

Matt Parker

TITLE
Chief Financial Officer
COMPENSATION
A$432K
TENURE
4.2 yrs

Sophie Karzis

TITLE
Company Secretary
TENURE
15 yrs

Bruno Marotta

TITLE
General Manager of Supply Chain
COMPENSATION
A$390K
TENURE
4.7 yrs

Ali Haidar

TITLE
General Manager of Middle East & North Africa
COMPENSATION
A$302K

Cliff Zhang

TITLE
General Manager of China Manufacturing
COMPENSATION
A$209K
TENURE
3 yrs
Board of Directors Tenure

Average tenure of the Gale Pacific board of directors in years:

4.8
Average Tenure
  • The tenure for the Gale Pacific board of directors is about average.
Board of Directors

David Allman

TITLE
Chairman
COMPENSATION
A$137K
TENURE
9.6 yrs

Nick Pritchard

TITLE
Group MD & Director
COMPENSATION
A$693K
TENURE
4.8 yrs

Peter D. Landos

TITLE
Non-Executive Director
COMPENSATION
A$84K
TENURE
5.1 yrs

Tom Stianos

TITLE
Non-Executive Director
COMPENSATION
A$61K
AGE
65
TENURE
1.7 yrs

Donna McMaster

TITLE
Non-Executive Director
COMPENSATION
A$22K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
21. Mar 19 Buy David Allman Individual 20. Mar 19 20. Mar 19 600,000 A$0.34 A$201,000
04. Mar 19 Buy Thomas Stianos Individual 28. Feb 19 28. Feb 19 100,000 A$0.34 A$33,995
X
Management checks
We assess Gale Pacific'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. Gale Pacific 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.

GAP News

Simply Wall St News

Why Gale Pacific Limited’s (ASX:GAP) Return On Capital Employed Looks Uninspiring

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Gale Pacific: 0.13 = AU$14m ÷ (AU$152m - AU$47m) (Based on the trailing twelve months to December 2018.) Therefore, Gale Pacific has an ROCE of 13%. … Gale Pacific has a medium level of current liabilities, which would boost the ROCE. … What We Can Learn From Gale Pacific's ROCE Gale Pacific's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Should You Worry About Gale Pacific Limited's (ASX:GAP) CEO Salary Level?

According to our data, Gale Pacific Limited has a market capitalization of AU$85m, and pays its CEO total annual compensation worth AU$693k. … It would therefore appear that Gale Pacific Limited pays Nick Pritchard more than the median CEO remuneration at companies of a similar size, in the same market. … We examined the amount Gale Pacific Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

A Spotlight On Gale Pacific Limited's (ASX:GAP) Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … Gale Pacific Limited (ASX:GAP) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

The Gale Pacific (ASX:GAP) Share Price Has Gained 23% And Shareholders Are Hoping For More

For example, the Gale Pacific Limited (ASX:GAP) share price is up 23% in the last 5 years, clearly besting than the market return of around 5.6% (ignoring dividends). … 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. … It might be well worthwhile taking a look at our free report on Gale Pacific's earnings, revenue and cash flow.

Simply Wall St -

Is Gale Pacific Limited's (ASX:GAP) Future Growth Already Accounted For In Today's Price?

Gale Pacific Limited (ASX:GAP) closed yesterday at A$0.315, which left some investors asking whether the high earnings potential can still be justified at this price. … See our latest analysis for Gale Pacific? … The excitement around Gale Pacific's growth potential is not unfounded

Simply Wall St -

How Do Gale Pacific Limited’s (ASX:GAP) Returns Compare To Its Industry?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Should You Be Pleased About The CEO Pay At Gale Pacific Limited's (ASX:GAP)

In 2014 Nick Pritchard was appointed CEO of Gale Pacific Limited (ASX:GAP). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Nick Pritchard's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Gale Pacific Limited (ASX:GAP) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Gale Pacific Limited (ASX:GAP), with a market cap of AU$95m. … However, an important fact which most ignore is: how financially healthy is the business? … Consumer Durables businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

A Closer Look At Gale Pacific Limited's (ASX:GAP) Uninspiring ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every A$1 worth of shareholders' equity, it generated A$0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

These Factors Make Gale Pacific Limited (ASX:GAP) An Interesting Investment

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Gale Pacific Limited (ASX:GAP) due to its excellent fundamentals in more than one area.

Simply Wall St -

GAP Company Info

Description

Gale Pacific Limited, together with its subsidiaries, manufactures, markets, and distributes screening, shading, and home improvement products for domestic, commercial, and industrial applications primarily in Australasia, China, the Americas, the Middle East, North Africa, and internationally. The company offers fabrics for agricultural, architectural, industrial, horticultural, mining, and construction applications under the GALE Pacific brand name; and mining and outdoor leisure and garden products, such as shade fabrics, exterior window shades, gazebos, umbrellas, shade sails, synthetic grass, weed mats, and bird net products for crop protection, irrigation, water storage, and screening applications under the Coolaroo brand name. It also provides interior window furnishings under the Zone Interiors brand name. The company markets its products in commercial and retail sectors with distribution into architectural, agricultural, horticultural, mining, construction, as well as home improvement, club, and e-commerce channels. Gale Pacific Limited was founded in 1951 and is based in Braeside, Australia.

Details
Name: Gale Pacific Limited
GAP
Exchange: ASX
Founded: 1951
A$86,076,329
282,217,475
Website: http://www.galepacific.com
Address: Gale Pacific Limited
145 Woodlands Drive,
Braeside,
Victoria, 3195,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GAP Ordinary Shares Australian Securities Exchange AU AUD 14. Dec 2000
CHIA GAP Ordinary Shares Chi-X Australia AU AUD 14. Dec 2000
Number of employees
Current staff
Staff numbers
0
Gale Pacific employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 10:33
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/18
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.