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Mayfield Childcare

ASX:MFD
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MFD
ASX
A$29M
Market Cap
  1. Home
  2. AU
  3. Consumer Services
Company description

Mayfield Childcare Limited owns and operates childcare centers in Victoria, Australia. The last earnings update was 122 days ago. More info.


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MFD Share Price and Events
7 Day Returns
-3.7%
ASX:MFD
4.5%
AU Consumer Services
1.7%
AU Market
1 Year Returns
-3.2%
ASX:MFD
36.9%
AU Consumer Services
5.4%
AU Market
MFD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mayfield Childcare (MFD) -3.7% -8.6% 2.8% -3.2% - -
AU Consumer Services 4.5% 6.9% 10.3% 36.9% 7.2% -15.7%
AU Market 1.7% 3.5% 5.8% 5.4% 25% 12.3%
1 Year Return vs Industry and Market
  • MFD underperformed the Consumer Services industry which returned 36.9% over the past year.
  • MFD underperformed the Market in Australia which returned 5.4% over the past year.
Price Volatility
MFD
Industry
5yr Volatility vs Market

MFD Value

 Is Mayfield Childcare 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 Mayfield Childcare 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 Mayfield Childcare.

ASX:MFD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
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:MFD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 30%) (46.46%))
1.002
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.002 * 5.96%)
8.28%

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

The calculations below outline how an intrinsic value for Mayfield Childcare 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:MFD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.28%)
2019 1.32 Est @ -41.28% 1.21
2020 0.94 Est @ -28.2% 0.81
2021 0.76 Est @ -19.05% 0.60
2022 0.67 Est @ -12.64% 0.49
2023 0.61 Est @ -8.15% 0.41
2024 0.58 Est @ -5.01% 0.36
2025 0.57 Est @ -2.82% 0.32
2026 0.56 Est @ -1.28% 0.30
2027 0.56 Est @ -0.2% 0.27
2028 0.56 Est @ 0.55% 0.25
Present value of next 10 years cash flows A$5.03
ASX:MFD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$0.56 × (1 + 2.31%) ÷ (8.28% – 2.31%)
A$9.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$9.61 ÷ (1 + 8.28%)10
A$4.34
ASX:MFD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$5.03 + A$4.34
A$9.36
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$9.36 / 31.83
A$0.29
ASX:MFD Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.29
Current discount Discount to share price of A$0.91
= -1 x (A$0.91 - A$0.29) / A$0.29
-207.7%

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

  • The current share price of Mayfield Childcare 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 Mayfield Childcare's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mayfield Childcare's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MFD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.14
ASX:MFD Share Price ** ASX (2019-06-14) in AUD A$0.91
Australia Consumer Services Industry PE Ratio Median Figure of 11 Publicly-Listed Consumer Services Companies 18.34x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.25x

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

** Primary Listing of Mayfield Childcare.

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

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

= 0.91 ÷ 0.14

6.51x

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

  • Mayfield Childcare is good value based on earnings compared to the AU Consumer Services industry average.
  • Mayfield Childcare is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Mayfield Childcare's expected growth come at a high price?
Raw Data
ASX:MFD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.1%per year
Australia Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.31x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Mayfield Childcare, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mayfield Childcare's assets?
Raw Data
ASX:MFD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.88
ASX:MFD Share Price * ASX (2019-06-14) in AUD A$0.91
Australia Consumer Services Industry PB Ratio Median Figure of 19 Publicly-Listed Consumer Services Companies 2.05x
Australia Market PB Ratio Median Figure of 1,687 Publicly-Listed Companies 1.65x
ASX:MFD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.91 ÷ 0.88

1.03x

* Primary Listing of Mayfield Childcare.

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

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

MFD Future Performance

 How is Mayfield Childcare expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Mayfield Childcare, future earnings growth has been estimated based on fundamentals.
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
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mayfield Childcare expected to grow at an attractive rate?
  • Mayfield Childcare's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Mayfield Childcare's earnings growth is positive but not above the Australia market average.
  • Unable to compare Mayfield Childcare's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MFD Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MFD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.1%
Australia Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 20.3%
Australia Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
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:MFD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MFD Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:MFD Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 31 3 4
2018-09-30 30 3 4
2018-06-30 29 4 4
2018-03-31 28 4 4
2017-12-31 27 5 3
2016-12-31 5 0 -2
2016-06-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mayfield Childcare's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Mayfield Childcare is high growth as no revenue estimate data is available.
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:MFD 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 0 Analyst Estimates (S&P Global) See Below

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

ASX:MFD Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:MFD Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.14
2018-09-30 0.14
2018-06-30 0.13
2018-03-31 0.12
2017-12-31 0.11
2016-12-31 -0.08
2016-06-30 0.00

*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.
  • Unable to establish if Mayfield Childcare will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mayfield Childcare'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.
Mayfield Childcare has a total score of 1/6, 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.

MFD Past Performance

  How has Mayfield Childcare 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 Mayfield Childcare's growth in the last year to its industry (Consumer Services).
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.
  • Mayfield Childcare has delivered over 20% year on year earnings growth in the past 5 years.
  • Mayfield Childcare's 1-year earnings growth is less than its 5-year average (25% vs 49.3%)
  • Mayfield Childcare's earnings growth has exceeded the AU Consumer Services industry average in the past year (25% vs -1.5%).
Earnings and Revenue History
Mayfield Childcare'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 Mayfield Childcare Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MFD 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 31.49 4.27 26.18
2018-09-30 30.44 4.13 25.11
2018-06-30 29.40 3.98 24.01
2018-03-31 28.26 3.70 22.94
2017-12-31 27.12 3.42 21.90
2016-12-31 4.58 -2.50 3.92
2016-06-30 0.00 0.00
2015-06-30 22.25 1.30 17.35

*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.
  • Mayfield Childcare has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mayfield Childcare used its assets more efficiently than the AU Consumer Services industry average last year based on Return on Assets.
  • Unable to establish if Mayfield Childcare improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Mayfield Childcare'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 Services 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.
Mayfield Childcare has a total score of 3/6, 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.

MFD Health

 How is Mayfield Childcare'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 Mayfield Childcare's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mayfield Childcare is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mayfield Childcare's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mayfield Childcare'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x 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 Mayfield Childcare Company Filings, last reported 5 months ago.

ASX:MFD Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 27.15 13.38 1.78
2018-09-30 27.15 13.38 1.78
2018-06-30 24.34 9.79 0.78
2018-03-31 24.34 9.79 0.78
2017-12-31 24.16 7.55 1.54
2016-12-31 20.78 7.48 1.41
2016-06-30 0.00 0.00
2015-06-30
  • Mayfield Childcare's level of debt (49.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Mayfield Childcare's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (22%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.1x coverage).
X
Financial health checks
We assess Mayfield Childcare'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. Mayfield Childcare 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.

MFD Dividends

 What is Mayfield Childcare'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
9.91%
Current annual income from Mayfield Childcare dividends.
If you bought A$2,000 of Mayfield Childcare shares you are expected to receive A$198 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?
  • Mayfield Childcare's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
  • Mayfield Childcare's dividend is above the markets top 25% of dividend payers in Australia (5.72%).
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:MFD 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 0 Analyst Estimates (S&P Global) See Below
Australia Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

ASX:MFD Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:MFD Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-01-31 0.090 9.490
2018-01-30 0.077 8.034

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

  • It is too early to tell whether Mayfield Childcare has stable dividend payments.
  • Mayfield Childcare only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Mayfield Childcare's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mayfield Childcare'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 Mayfield Childcare afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mayfield Childcare has a total score of 3/6, see the detailed checks below.


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

MFD Management

 What is the CEO of Mayfield Childcare'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
Dean Clarke
COMPENSATION A$195,700
TENURE AS CEO 2.6 years
CEO Bio

Mr. Dean Clarke serves as Chief Executive Officer of Mayfield Childcare Limited since November 28, 2016 and has been its Director since March 16, 2016. Since 2005, Mr. Clarke has overseen the identification, design and construction of greenfield sites through to compliant, licensed and profitable Childcare Centres. Mr. Clarke has been actively involved in the childcare industry for over 12 years. He is well versed in the regulatory, licensing and quality frameworks of the childcare industry and the commercial negotiations of Childcare Centre acquisition and leasing. Concurrently, he has held senior executive positions with Tabcorp Holdings Ltd, as General Manager Retail, leading a multi-channel retail network of over 800 venues. Prior to this, as General Manager Development, with oversight of the business development and transformation programs and preceding that, General Manager of the domestic and international Virtual Racing business unit. He has considerable expertise in business strategy formulation, sales and marketing, underperforming asset turnarounds, rapid business expansion and cultivation of high performing teams. He is a member of the Australian Institute of Company Directors. Mr. Clarke is a Certified Practising Accountant. He holds Postgraduate Diploma in Marketing from Monash University and Bachelor of Business in Accounting and Applied Economics from Deakin University.

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

Dean Clarke

TITLE
CEO & Executive Director
COMPENSATION
A$196K
TENURE
2.6 yrs

Glenn Raines

TITLE
Chief Financial Officer
COMPENSATION
A$180K
AGE
54

Michelle Clarke

TITLE
Executive Director
COMPENSATION
A$160K

Andrew Draffin

TITLE
Company Secretary
AGE
42
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure of the Mayfield Childcare board of directors in years:

2.8
Average Tenure
  • The average tenure for the Mayfield Childcare board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Lowe

TITLE
Chairman
COMPENSATION
A$80K
AGE
66
TENURE
2.8 yrs

Dean Clarke

TITLE
CEO & Executive Director
COMPENSATION
A$196K
TENURE
3.3 yrs

Michelle Clarke

TITLE
Executive Director
COMPENSATION
A$160K
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Feb 19 Buy Michelle Clarke Individual 21. Feb 19 21. Feb 19 60,000 A$1.00 A$60,000
07. Feb 19 Buy Michelle Clarke Individual 05. Feb 19 05. Feb 19 40,000 A$1.00 A$40,000
20. Aug 18 Buy J.T. Campbell Properties Pty Ltd Company 17. Aug 18 17. Aug 18 116,056 A$0.88 A$101,629
X
Management checks
We assess Mayfield Childcare'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. Mayfield Childcare 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.

MFD News

Simply Wall St News

Should Mayfield Childcare Limited (ASX:MFD) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Mayfield Childcare Limited (ASX:MFD) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. Mayfield Childcare has only been paying a dividend for a year or so, so investors might be curious about its 9.5% yield. Some simple research can reduce the risk of buying Mayfield Childcare for its dividend - read on to learn more. Click the interactive chart for our full dividend analysis ASX:MFD Historical Dividend Yield, June 6th 2019 Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. Mayfield Childcare paid out 64% of its profit as dividends, over the trailing twelve month period. This is a fairly normal payout ratio among most businesses. It allows a higher dividend to be paid to shareholders, but does limit the capital retained in the business - which could be good or bad. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Mayfield Childcare paid out 69% of its cash flow as dividends last year, which is within a reasonable range for the average corporation. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Is Mayfield Childcare's Balance Sheet Risky? As Mayfield Childcare has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable. … Ultimately, Mayfield Childcare comes up short on our dividend analysis.

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How Many Mayfield Childcare Limited (ASX:MFD) Shares Did Insiders Buy, In The Last Year?

View our latest analysis for Mayfield Childcare The Last 12 Months Of Insider Transactions At Mayfield Childcare While no particular insider transaction stood out, we can still look at the overall trading. … Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. … The transactions are fine but it'd be more encouraging if Mayfield Childcare insiders bought more shares in the company.

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With A Return On Equity Of 16%, Has Mayfield Childcare Limited's (ASX:MFD) Management Done Well?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Mayfield Childcare: 16% = AU$4.3m ÷ AU$27m (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 Mayfield Childcare Have A Good Return On Equity? … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

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What You Should Know About Mayfield Childcare Limited's (ASX:MFD) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … 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.

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Read This Before You Buy Mayfield Childcare Limited (ASX:MFD) Because Of Its P/E Ratio

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Mayfield Childcare has a P/E ratio of 6.15, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Those Who Purchased Mayfield Childcare (ASX:MFD) Shares A Year Ago Have A 19% Loss To Show For It

For example, the Mayfield Childcare Limited (ASX:MFD) share price is down 19% in the last year. … 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). … During the unfortunate twelve months during which the Mayfield Childcare share price fell, it actually saw its earnings per share (EPS) improve by 22%.

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Mayfield Childcare Limited (ASX:MFD): Ex-Dividend Is In 4 Days

If you are interested in cashing in on Mayfield Childcare Limited's (ASX:MFD) upcoming dividend of AU$0.09 per share, you only have 4 days left to buy the shares before its ex-dividend date, 05 March 2019, in time for dividends payable on the 28 March 2019. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

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Is Mayfield Childcare Limited (ASX:MFD) Better Than Average At Deploying Capital?

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. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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Should Mayfield Childcare Limited (ASX:MFD) Be Part Of Your Portfolio?

Mayfield Childcare Limited (ASX:MFD) has started paying a dividend to shareholders. … Does Mayfield Childcare tick all the boxes of a great dividend stock? … Check out our latest analysis for Mayfield Childcare

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Mayfield Childcare Limited (ASX:MFD): Time For A Financial Health Check

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

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MFD Company Info

Description

Mayfield Childcare Limited owns and operates childcare centers in Victoria, Australia. The company owns 20 long day childcare centers. Mayfield Childcare Limited was incorporated in 2015 and is based in Malvern, Australia.

Details
Name: Mayfield Childcare Limited
MFD
Exchange: ASX
Founded: 2015
A$28,809,555
31,833,763
Website: http://www.mayfieldchildcare.com.au
Address: Mayfield Childcare Limited
275 Wattletree Road,
Suite 3,
Malvern,
Victoria, 3144,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MFD Ordinary Shares Australian Securities Exchange AU AUD 30. Nov 2016
Number of employees
Current staff
Staff numbers
0
Mayfield Childcare employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 10:39
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/01/31
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.