ASX:3PL

Stock Analysis Report

Executive Summary

3P Learning Limited, together with its subsidiaries, develops, markets, and sells online educational programs to schools and parents of school-aged students.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has 3P Learning's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.0%

3PL

2.9%

AU Consumer Services

0.4%

AU Market


1 Year Return

-23.1%

3PL

27.5%

AU Consumer Services

9.8%

AU Market

Return vs Industry: 3PL underperformed the Australian Consumer Services industry which returned 27.5% over the past year.

Return vs Market: 3PL underperformed the Australian Market which returned 9.8% over the past year.


Shareholder returns

3PLIndustryMarket
7 Day4.0%2.9%0.4%
30 Day1.7%5.1%-0.7%
90 Day-7.6%-10.3%-0.6%
1 Year-23.1%-23.1%31.1%27.5%16.1%9.8%
3 Year-11.6%-11.6%-16.8%-25.3%36.1%17.9%
5 Year-60.2%-60.6%-17.1%-32.5%49.4%15.8%

Price Volatility Vs. Market

How volatile is 3P Learning's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 3P Learning undervalued compared to its fair value and its price relative to the market?

21.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 3PL (A$0.92) is trading above our estimate of fair value (A$0.14)

Significantly Undervalued: 3PL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3PL is poor value based on its PE Ratio (21.6x) compared to the Consumer Services industry average (17.8x).

PE vs Market: 3PL is poor value based on its PE Ratio (21.6x) compared to the Australian market (18.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 3PL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3PL is overvalued based on its PB Ratio (5.2x) compared to the AU Consumer Services industry average (1.8x).


Next Steps

Future Growth

How is 3P Learning forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

6.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3PL's forecast earnings growth is above the savings rate (2.3%).

Earnings vs Market: Insufficient data to determine if 3PL's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3PL's revenue (6% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: 3PL's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 3PL's Return on Equity is forecast to be high in 3 years time (21.2%)


Next Steps

Past Performance

How has 3P Learning performed over the past 5 years?

-47.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 3PL's earnings have declined by -47.2% per year over the past 5 years.

Accelerating Growth: 3PL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 3PL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Services industry (0.6%).


Return on Equity

High ROE: 3PL's Return on Equity (24%) is considered high.


Return on Assets

ROA vs Industry: 3PL has a higher Return on Assets than the Consumer Services industry average last year.


Return on Capital Employed

ROCE Improving: 3PL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is 3P Learning's financial position?


Financial Position Analysis

Short Term Liabilities: 3PL's short term assets (A$36.6M) exceeds its short term liabilities (A$33.5M)

Long Term Liabilities: 3PL's short term assets (36.6M) exceeds its long term liabilities (4.1M)


Debt to Equity History and Analysis

Debt Level: 3PL is debt free.

Reducing Debt: 3PL currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: 3PL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3PL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 3PL has a low level of unsold assets or inventory.

Debt Coverage by Assets: 3PL's debt is not covered by short term assets (assets are -1.0542890698877E+19x debt).


Next Steps

Dividend

What is 3P Learning's current dividend yield, its reliability and sustainability?

0.33%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.4%markettop25%5.6%industryaverage2.4%forecastin3Years0.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 3PL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3PL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 3PL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3PL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3PL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3PL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of 3P Learning's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average board tenure


CEO

Rebekah O’Flaherty 0

3.3yrs

Tenure

AU$870,312

Compensation

Ms. Rebekah O’Flaherty has been the Chief Executive Officer, Managing Director and Executive Director of 3P Learning Limited since June 1,2016 and served as its Acting Chief Product Officer until June 21,  ...


CEO Compensation Analysis

Compensation vs. Market: Rebekah's total compensation ($USD593.95K) is above average for companies of similar size in the Australian market ($USD259.09K).

Compensation vs Earnings: Rebekah's compensation has been consistent with company performance over the past year.


Board Age and Tenure

4.3yrs

Average Tenure

Experienced Board: 3PL's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: 3PL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$49,47730 Sep 19
Samuel Weiss
EntityIndividual
Role
Chairman of the Board
Independent Non-Executive Chairperson
Shares75,000
Max PriceAU$0.86
BuyAU$19,84709 Sep 19
Roger Amos
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares22,227
Max PriceAU$0.90
BuyAU$6,686,86229 Aug 19
Perennial Value Management Limited
EntityCompany
Shares6,979,000
Max PriceAU$1.10
SellAU$8,37629 Aug 19
Perennial Value Management Limited
EntityCompany
Shares8,257
Max PriceAU$1.01
BuyAU$9,67328 Aug 19
Claire Hatton
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares10,526
Max PriceAU$0.92
BuyAU$2,756,06224 Jun 19
Australian Ethical Investment Ltd
EntityCompany
Shares2,632,632
Max PriceAU$1.05
BuyAU$2,888,00312 Jun 19
Sterling Equity Pty Ltd.
EntityCompany
Shares2,845,283
Max PriceAU$1.02
BuyAU$4,261,74701 May 19
Sterling Equity Pty Ltd.
EntityCompany
Shares3,988,948
Max PriceAU$1.13
BuyAU$2,477,81524 Apr 19
Schroder Investment Management Limited
EntityCompany
Shares2,183,898
Max PriceAU$1.13
BuyAU$2,625,07705 Mar 19
Viburnum Funds Pty Ltd.
EntityCompany
Shares2,402,585
Max PriceAU$1.19
BuyAU$2,370,95727 Dec 18
Viburnum Funds Pty Ltd.
EntityCompany
Shares2,250,645
Max PriceAU$1.05
BuyAU$2,089,38421 Dec 18
Viburnum Funds Pty Ltd.
EntityCompany
Shares1,948,411
Max PriceAU$1.07
BuyAU$1,801,57611 Dec 18
Sterling Equity Pty Ltd.
EntityCompany
Shares1,515,066
Max PriceAU$1.19
BuyAU$8,426,64914 Nov 18
Viburnum Funds Pty Ltd.
EntityCompany
Shares6,659,785
Max PriceAU$1.58

Ownership Breakdown


Management Team

  • Deepak Karandikar

    Head of Sales & Marketing Americas

    • Tenure: 0yrs
  • Marta Kielich

    General Counsel & Company Secretary

    • Tenure: 0yrs
  • Jolanta Masojada

    Investor Relations Adviser

    • Tenure: 0yrs
  • Rebekah O’Flaherty

    CEO, MD & Executive Director

    • Tenure: 3.3yrs
    • Compensation: AU$870.31k
  • Simon Perry

    Chief Information Officer

    • Tenure: 0yrs
  • Tania Black

    Chief People Officer

    • Tenure: 0yrs
  • Simon Yeandle

    Chief Financial Officer

    • Tenure: 0.9yrs
    • Compensation: AU$496.64k

Board Members

  • Sam Weiss (65yo)

    Independent Non-Executive Chairperson

    • Tenure: 0yrs
    • Compensation: AU$224.48k
  • Roger Amos (71yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: AU$136.88k
  • Claire Hatton

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: AU$136.88k
  • Rebekah O’Flaherty

    CEO, MD & Executive Director

    • Tenure: 3.3yrs
    • Compensation: AU$870.31k
  • Mark Lamont

    Independent Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: AU$125.93k

Company Information

3P Learning Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 3P Learning Limited
  • Ticker: 3PL
  • Exchange: ASX
  • Founded:
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: AU$127.582m
  • Shares outstanding: 139.43m
  • Website: https://www.3plearning.com

Number of Employees


Location

  • 3P Learning Limited
  • 124 Walker Street
  • Level 18
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3PLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2014
3PLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2014

Biography

3P Learning Limited, together with its subsidiaries, develops, markets, and sells online educational programs to schools and parents of school-aged students. It provides online education with e-learning pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 10:36
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.