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Experience Co

ASX:EXP
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXP
ASX
A$133M
Market Cap
  1. Home
  2. AU
  3. Consumer Services
Company description

Experience Co Limited, an adventure tourism and leisure company, provides tandem skydiving services in Australia and New Zealand. The last earnings update was 145 days ago. More info.


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  • Experience Co has significant price volatility in the past 3 months.
EXP Share Price and Events
7 Day Returns
-4%
ASX:EXP
-0.4%
AU Hospitality
0%
AU Market
1 Year Returns
-57.9%
ASX:EXP
-11.1%
AU Hospitality
4.8%
AU Market
EXP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Experience Co (EXP) -4% 0% -12.7% -57.9% -53.8% -
AU Hospitality -0.4% -1.4% 1.3% -11.1% 13.5% 51.3%
AU Market 0% 0.9% 6.8% 4.8% 20.1% 12.2%
1 Year Return vs Industry and Market
  • EXP underperformed the Hospitality industry which returned -11.1% over the past year.
  • EXP underperformed the Market in Australia which returned 4.8% over the past year.
Price Volatility
EXP
Industry
5yr Volatility vs Market

EXP Value

 Is Experience Co 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 Experience Co 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 Experience Co.

ASX:EXP 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 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:EXP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 30%) (26.92%))
1.064
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.064 * 5.96%)
8.65%

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

The calculations below outline how an intrinsic value for Experience Co 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:EXP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.65%)
2020 1.20 Est @ -15.86% 1.11
2021 1.08 Est @ -10.41% 0.91
2022 1.01 Est @ -6.59% 0.79
2023 0.97 Est @ -3.92% 0.69
2024 0.95 Est @ -2.05% 0.63
2025 0.94 Est @ -0.74% 0.57
2026 0.94 Est @ 0.17% 0.53
2027 0.95 Est @ 0.82% 0.49
2028 0.96 Est @ 1.26% 0.46
2029 0.98 Est @ 1.58% 0.43
Present value of next 10 years cash flows A$6.60
ASX:EXP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$0.98 × (1 + 2.31%) ÷ (8.65% – 2.31%)
A$15.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$15.78 ÷ (1 + 8.65%)10
A$6.88
ASX:EXP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$6.60 + A$6.88
A$13.48
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$13.48 / 555.81
A$0.02
ASX:EXP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.02
Current discount Discount to share price of A$0.24
= -1 x (A$0.24 - A$0.02) / A$0.02
-889.5%

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

  • The current share price of Experience Co is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Experience Co's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Experience Co's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:EXP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.02
ASX:EXP Share Price ** ASX (2019-07-19) in AUD A$0.24
Australia Hospitality Industry PE Ratio Median Figure of 16 Publicly-Listed Hospitality Companies 17.62x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.1x

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

** Primary Listing of Experience Co.

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

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

= 0.24 ÷ 0.02

14.05x

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

  • Experience Co is good value based on earnings compared to the AU Hospitality industry average.
  • Experience Co is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Experience Co's expected growth come at a high price?
Raw Data
ASX:EXP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
0.4%per year
Australia Hospitality Industry PEG Ratio Median Figure of 14 Publicly-Listed Hospitality Companies 1.65x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.05x ÷ 0.4%

38.43x

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

  • Experience Co is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Experience Co's assets?
Raw Data
ASX:EXP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.33
ASX:EXP Share Price * ASX (2019-07-19) in AUD A$0.24
Australia Hospitality Industry PB Ratio Median Figure of 24 Publicly-Listed Hospitality Companies 1.43x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:EXP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.24 ÷ 0.33

0.73x

* Primary Listing of Experience Co.

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

  • Experience Co is good value based on assets compared to the AU Hospitality industry average.
X
Value checks
We assess Experience Co'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Experience Co 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.

EXP Future Performance

 How is Experience Co 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
0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Experience Co expected to grow at an attractive rate?
  • Experience Co's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Experience Co's earnings growth is positive but not above the Australia market average.
  • Experience Co's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:EXP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:EXP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 0.4%
ASX:EXP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.8%
Australia Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Australia Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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:EXP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:EXP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 171 27 9 1
2020-06-30 160 24 8 1
2019-06-30 157 19 7 1
ASX:EXP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 160 25 10
2018-09-30 148 20 8
2018-06-30 135 15 7
2018-03-31 123 13 9
2017-12-31 110 11 10
2017-09-30 100 12 10
2017-06-30 90 13 9
2017-03-31 81 13 9
2016-12-31 73 14 8
2016-09-30 66 12 8
2016-06-30 58 9 7
2016-03-31 50 7 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Experience Co's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
  • Experience Co's revenue is expected to grow by 2.8% 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:EXP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Experience Co Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EXP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.02 0.02 0.02 1.00
2020-06-30 0.01 0.01 0.01 1.00
2019-06-30 0.01 0.01 0.01 1.00
ASX:EXP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.01
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.02
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.02
2016-03-31 0.01

*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.
  • Experience Co is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Experience Co'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.
Experience Co has a total score of 0/6, 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.

EXP Past Performance

  How has Experience Co 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 Experience Co's growth in the last year to its industry (Hospitality).
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.
  • Experience Co has delivered over 20% year on year earnings growth in the past 5 years.
  • Experience Co's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Experience Co's 1-year earnings growth is negative, it can't be compared to the AU Hospitality industry average.
Earnings and Revenue History
Experience Co'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 Experience Co Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EXP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 160.37 9.53 34.00
2018-09-30 147.84 8.16 31.52
2018-06-30 135.30 6.79 29.04
2018-03-31 122.50 8.64 25.81
2017-12-31 109.71 10.50 22.57
2017-09-30 99.64 9.99 20.06
2017-06-30 89.57 9.48 17.55
2017-03-31 81.28 8.81 16.95
2016-12-31 73.00 8.14 16.35
2016-09-30 65.73 7.65 15.34
2016-06-30 58.47 7.16 14.33
2016-03-31 49.67 5.75 12.38
2015-12-31 40.87 4.34 10.42
2015-09-30 33.60 3.40 8.47
2015-06-30 26.32 2.47 6.51
2014-06-30 18.03 2.03 3.87
2013-06-30 15.39 1.51 3.38

*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.
  • Experience Co has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Experience Co used its assets less efficiently than the AU Hospitality industry average last year based on Return on Assets.
  • Experience Co's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Experience Co'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 Hospitality 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.
Experience Co 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.

EXP Health

 How is Experience Co'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 Experience Co's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Experience Co is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Experience Co's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Experience Co'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 not covered by short term assets, assets are 0.8x 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 Experience Co Company Filings, last reported 6 months ago.

ASX:EXP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 182.34 20.00 12.85
2018-09-30 182.34 20.00 12.85
2018-06-30 180.39 18.27 7.17
2018-03-31 180.39 18.27 7.17
2017-12-31 178.50 22.46 14.47
2017-09-30 178.50 22.46 14.47
2017-06-30 94.50 17.43 9.49
2017-03-31 94.50 17.43 9.49
2016-12-31 88.50 14.75 10.37
2016-09-30 88.50 14.75 10.37
2016-06-30 70.05 3.03 12.82
2016-03-31 70.05 3.03 12.82
2015-12-31 52.12 9.84 5.44
2015-09-30 52.12 9.84 5.44
2015-06-30 33.19 2.99 9.24
2014-06-30 0.03 0.00 0.02
2013-06-30
  • Experience Co's level of debt (19.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Experience Co's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (70.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9x coverage).
X
Financial health checks
We assess Experience Co'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. Experience Co 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.

EXP Dividends

 What is Experience Co'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
4.17%
Current annual income from Experience Co dividends. Estimated to be 0% next year.
If you bought A$2,000 of Experience Co shares you are expected to receive A$83 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?
  • Experience Co's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.53%).
  • Experience Co's dividend is below the markets top 25% of dividend payers in Australia (5.79%).
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:EXP 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
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:EXP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00
ASX:EXP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-28 0.010 3.450
2017-08-22 0.010 1.499
2016-08-29 0.010 1.635
2015-09-01 0.010 2.523

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

  • Whilst dividend payments have been stable, Experience Co has been paying a dividend for less than 10 years.
  • Experience Co has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Experience Co's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Experience Co's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Experience Co's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Experience Co afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Experience Co 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.

EXP Management

 What is the CEO of Experience Co'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.
  • Experience Co has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Experience Co management team in years:

0.6
Average Tenure
  • The average tenure for the Experience Co management team is less than 2 years, this suggests a new team.
Management Team

Bob East

TITLE
Executive Chairman
COMPENSATION
A$25K

Bowie Boucaut

TITLE
Founder
COMPENSATION
A$335K

Steve O'Malley

TITLE
Group General Manager of (NQ) Commercial
COMPENSATION
A$238K

Clark Scott

TITLE
General Manager of New Zealand
COMPENSATION
A$337K

Owen Kemp

TITLE
Chief Financial Officer
TENURE
0.4 yrs

Courtney Butler

TITLE
Chief Operations Officer
TENURE
3.4 yrs

Ian Douglas

TITLE
General Manager of Corporate Development
TENURE
0.3 yrs

Fiona van Wyk

TITLE
Company Secretary
TENURE
0.8 yrs
Board of Directors

Bob East

TITLE
Executive Chairman
COMPENSATION
A$25K
TENURE
0.8 yrs

Bowie Boucaut

TITLE
Founder
COMPENSATION
A$335K

John Diddams

TITLE
Independent Non-Executive Director
COMPENSATION
A$161K
AGE
69

Colin Hughes

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Jun 19 Sell NovaPort Capital Pty Limited Company 22. May 19 06. Jun 19 -5,786,996 A$0.24 A$-1,373,669
11. Jun 19 Buy NovaPort Capital Pty Limited Company 14. Feb 19 09. May 19 4,119,785 A$0.30 A$1,216,233
30. May 19 Buy Viburnum Funds Pty Ltd. Company 11. Apr 19 30. May 19 10,503,172 A$0.24 A$2,510,662
04. Mar 19 Buy Kerry East Individual 01. Mar 19 01. Mar 19 350,000 A$0.33 A$115,500
21. Feb 19 Sell John Diddams Individual 14. Feb 19 14. Feb 19 -50,000 A$0.24 A$-12,000
28. Dec 18 Buy Viburnum Funds Pty Ltd. Company 15. Nov 18 18. Dec 18 6,042,491 A$0.31 A$1,885,352
19. Nov 18 Buy River Capital Pty Ltd. Company 26. Sep 18 19. Oct 18 3,695,720 A$0.36 A$1,281,610
14. Nov 18 Buy Viburnum Funds Pty Ltd. Company 29. Aug 18 12. Nov 18 27,057,580 A$0.32 A$8,793,034
14. Nov 18 Buy NovaPort Capital Pty Limited Company 30. Oct 18 12. Nov 18 2,400,000 A$0.31 A$736,033
13. Nov 18 Buy Anthony Boucaut Individual 06. Nov 18 09. Nov 18 300,000 A$0.29 A$86,000
13. Nov 18 Sell Bennelong Australian Equity Partners Pty Ltd Company 07. Mar 18 12. Nov 18 -15,589,193 A$0.72 A$-11,224,219
08. Nov 18 Buy Kerry East Individual 09. Nov 18 09. Nov 18 350,000 A$0.29 A$102,700
08. Nov 18 Buy John Diddams Individual 06. Nov 18 06. Nov 18 100,000 A$0.30 A$29,915
19. Oct 18 Sell NovaPort Capital Pty Limited Company 19. Jul 18 16. Oct 18 -15,104,078 A$0.59 A$-5,899,972
19. Oct 18 Buy NovaPort Capital Pty Limited Company 05. Jul 18 31. Aug 18 1,931,865 A$0.62 A$934,234
X
Management checks
We assess Experience Co'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. Experience Co 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.

EXP News

Simply Wall St News

Does Experience Co (ASX:EXP) Have A Healthy Balance Sheet?

ASX:EXP Historical Debt, July 16th 2019 How Healthy Is Experience Co's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching Experience Co's balance sheet over time. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Simply Wall St -

Investors Who Bought Experience Co (ASX:EXP) Shares A Year Ago Are Now Down 64%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … We'd be remiss not to mention the difference between Experience Co's total shareholder return (TSR) and its share price return. … Dividends have been really beneficial for Experience Co shareholders, and that cash payout explains why its total shareholder loss of 63%, over the last year, isn't as bad as the share price return.

Simply Wall St -

How Do Experience Co Limited’s (ASX:EXP) Returns On Capital Compare To Peers?

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 Experience Co: 0.064 = AU$14m ÷ (AU$237m - AU$18m) (Based on the trailing twelve months to December 2018.) So, Experience Co has an ROCE of 6.4%. … How Experience Co's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Should You Be Worried About Experience Co Limited's (ASX:EXP) 5.2% Return On Equity?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Experience Co: 5.2% = AU$9.5m ÷ AU$182m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Experience Co Have A Good Return On Equity? … How Does Debt Impact Return On Equity?

Simply Wall St -

Is Experience Co Limited (ASX:EXP) A Financially Sound Company?

While small-cap stocks, such as Experience Co Limited (ASX:EXP) with its market cap of AU$145m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Should We Be Cautious About Experience Co Limited's (ASX:EXP) ROE Of 5.2%?

Experience Co has a ROE of 5.2%, based on the last twelve months. … Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.052. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Experience Co Limited (ASX:EXP) Undervalued After Accounting For Its Future Growth?

Experience Co Limited (ASX:EXP) is considered a high-growth stock, but its last closing price of A$0.32 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … What can we expect from EXP in the future.

Simply Wall St -

Such Is Life: How Experience Co Shareholders Saw Their Shares Drop 58%

This week we saw the Experience Co Limited (ASX:EXP) share price climb by 27%. … Like a receding glacier in a warming world, the share price has melted 58% in that period. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

What Kind Of Investor Owns Most Of Experience Co Limited (ASX:EXP)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of AU$117m, Experience Co is a small cap stock, so it might not be well known by many institutional investors. … institutional investors have bought into the company

Simply Wall St -

How Do Experience Co Limited’s (ASX:EXP) Returns On Capital Compare To Peers?

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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

EXP Company Info

Description

Experience Co Limited, an adventure tourism and leisure company, provides tandem skydiving services in Australia and New Zealand. It also provides white water rafting, canyoning, helicopter and boat tours, island day trips, reef tours, snorkeling and diving in the Great Barrier Reef; rain forest tours in North Queensland; and hot air ballooning in New South Wales. As of June 30, 2018, it operates 18 skydiving locations in Australia and New Zealand; 2 hot air ballooning locations in New South Wales; and eco-tourism adventure hub in Cairns Far North Queensland. The company was founded in 1998 and is based in North Wollongong, Australia.

Details
Name: Experience Co Limited
EXP
Exchange: ASX
Founded: 1998
A$133,394,841
555,811,840
Website: http://www.experienceco.com
Address: Experience Co Limited
51 Montague Street,
Level 1,
North Wollongong,
New South Wales, 2500,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX EXP Ordinary Shares Australian Securities Exchange AU AUD 27. Mar 2015
Number of employees
Current staff
Staff numbers
1,000
Experience Co employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 10:40
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/02/25
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.