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Navitas

ASX:NVT
Snowflake Description

Moderate growth potential with worrying balance sheet.

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

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. The last earnings update was 155 days ago. More info.


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NVT Share Price and Events
7 Day Returns
0%
ASX:NVT
-0.9%
AU Consumer Services
0.3%
AU Market
1 Year Returns
30.8%
ASX:NVT
34.3%
AU Consumer Services
4.6%
AU Market
NVT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Navitas (NVT) 0% 0.3% 1.2% 30.8% 3.4% 12.1%
AU Consumer Services -0.9% 4% 8.8% 34.3% 3.4% -18.6%
AU Market 0.3% 3.6% 6.7% 4.6% 22.9% 13.3%
1 Year Return vs Industry and Market
  • NVT underperformed the Consumer Services industry which returned 34.3% over the past year.
  • NVT outperformed the Market in Australia which returned 4.6% over the past year.
Price Volatility
NVT
Industry
5yr Volatility vs Market

NVT Value

 Is Navitas 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 Navitas 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 Navitas.

ASX:NVT 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 7.5%
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:NVT
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 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 30%) (14.16%))
0.867
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.867 * 5.96%)
7.48%

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

The calculations below outline how an intrinsic value for Navitas 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:NVT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.48%)
2020 84.00 Analyst x1 78.15
2021 98.58 Est @ 17.36% 85.33
2022 111.24 Est @ 12.84% 89.59
2023 122.01 Est @ 9.68% 91.43
2024 131.13 Est @ 7.47% 91.42
2025 138.89 Est @ 5.92% 90.10
2026 145.62 Est @ 4.84% 87.88
2027 151.56 Est @ 4.08% 85.11
2028 156.94 Est @ 3.55% 81.99
2029 161.93 Est @ 3.18% 78.71
Present value of next 10 years cash flows A$859.73
ASX:NVT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$161.93 × (1 + 2.31%) ÷ (7.48% – 2.31%)
A$3,205.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$3,205.74 ÷ (1 + 7.48%)10
A$1,558.29
ASX:NVT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$859.73 + A$1,558.29
A$2,418.02
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,418.02 / 358.25
A$6.75
ASX:NVT Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$6.75
Current discount Discount to share price of A$5.82
= -1 x (A$5.82 - A$6.75) / A$6.75
13.8%

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

Current Discount
Amount off the current price Navitas is available for.
Intrinsic value
14%
Share price is A$5.82 vs Future cash flow value of A$6.75
Current Discount Checks
For Navitas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Navitas's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Navitas's share price is below the future cash flow value, but not 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 Navitas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Navitas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NVT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.17
ASX:NVT Share Price ** ASX (2019-06-24) in AUD A$5.82
Australia Consumer Services Industry PE Ratio Median Figure of 11 Publicly-Listed Consumer Services Companies 17.46x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.24x

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

** Primary Listing of Navitas.

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

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

= 5.82 ÷ -0.17

-35.12x

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

  • Navitas is loss making, we can't compare its value to the AU Consumer Services industry average.
  • Navitas is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Navitas's expected growth come at a high price?
Raw Data
ASX:NVT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -35.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
119.4%per year
Australia Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.25x
Australia Market PEG Ratio Median Figure of 360 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 Navitas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Navitas's assets?
Raw Data
ASX:NVT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.04
ASX:NVT Share Price * ASX (2019-06-24) in AUD A$5.82
Australia Consumer Services Industry PB Ratio Median Figure of 19 Publicly-Listed Consumer Services Companies 2.07x
Australia Market PB Ratio Median Figure of 1,692 Publicly-Listed Companies 1.68x
ASX:NVT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.82 ÷ 0.04

129.81x

* Primary Listing of Navitas.

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

  • Navitas is overvalued based on assets compared to the AU Consumer Services industry average.
X
Value checks
We assess Navitas'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. Navitas has a total score of 0/6, 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.

NVT Future Performance

 How is Navitas 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
119.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Navitas expected to grow at an attractive rate?
  • Navitas's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Navitas's earnings growth is expected to exceed the Australia market average.
  • Navitas's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NVT Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NVT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 119.4%
ASX:NVT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.4%
Australia Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 20.2%
Australia Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:NVT 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:NVT Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30
2020-06-30 982 113 79 1
2019-06-30 940 75 65 1
ASX:NVT Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 952 89 -59
2018-09-30 941 90 -58
2018-06-30 931 92 -56
2018-03-31 932 96 -2
2017-12-31 933 99 52
2017-09-30 944 100 66
2017-06-30 955 102 80
2017-03-31 963 113 89
2016-12-31 971 124 98
2016-09-30 991 125 94
2016-06-30 1,011 126 90
2016-03-31 1,015 133 88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Navitas's earnings are expected to grow significantly at over 20% yearly.
  • Navitas's revenue is expected to grow by 2.4% 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:NVT 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 Navitas Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NVT Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30 0.22 0.22 0.22 1.00
2019-06-30 0.18 0.18 0.18 1.00
ASX:NVT Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.17
2018-09-30 -0.16
2018-06-30 -0.16
2018-03-31 -0.01
2017-12-31 0.14
2017-09-30 0.18
2017-06-30 0.22
2017-03-31 0.24
2016-12-31 0.26
2016-09-30 0.25
2016-06-30 0.24
2016-03-31 0.23

*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 Navitas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Navitas'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.
Navitas 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.

NVT Past Performance

  How has Navitas 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 Navitas'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.
  • Navitas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Navitas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Navitas's 1-year growth to the AU Consumer Services industry average as it is not currently profitable.
Earnings and Revenue History
Navitas'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 Navitas Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NVT Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 951.67 -59.19 675.31
2018-09-30 941.32 -57.52 668.93
2018-06-30 930.98 -55.85 662.55
2018-03-31 931.97 -2.04 634.17
2017-12-31 932.97 51.76 605.78
2017-09-30 944.08 66.05 609.16
2017-06-30 955.20 80.34 612.53
2017-03-31 963.05 89.32 613.70
2016-12-31 970.90 98.30 614.87
2016-09-30 990.78 94.19 623.73
2016-06-30 1,010.65 90.08 632.58
2016-03-31 1,014.60 87.81 626.93
2015-12-31 1,018.55 85.54 621.28
2015-09-30 999.45 78.67 613.90
2015-06-30 980.34 71.81 606.52
2015-03-31 958.56 59.32 599.15
2014-12-31 936.78 46.84 591.78
2014-09-30 907.50 49.21 573.57
2014-06-30 878.22 51.58 555.37
2014-03-31 838.25 63.58 530.04
2013-12-31 798.27 75.59 504.72
2013-09-30 765.00 75.08 481.93
2013-06-30 731.73 74.58 459.14
2013-03-31 716.92 73.72 447.88
2012-12-31 702.10 72.86 436.63
2012-09-30 695.31 73.00 432.57

*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.
  • It is difficult to establish if Navitas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Navitas has efficiently used its assets last year compared to the AU Consumer Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Navitas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Navitas'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.
Navitas has a total score of 0/6, 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.

NVT Health

 How is Navitas'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 Navitas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Navitas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Navitas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Navitas'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 0.8x 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 Navitas Company Filings, last reported 6 months ago.

ASX:NVT Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 16.41 291.87 87.77
2018-09-30 16.41 291.87 87.77
2018-06-30 28.81 262.14 81.87
2018-03-31 28.81 262.14 81.87
2017-12-31 144.18 270.85 73.27
2017-09-30 144.18 270.85 73.27
2017-06-30 155.74 248.03 86.64
2017-03-31 155.74 248.03 86.64
2016-12-31 170.77 255.48 71.44
2016-09-30 170.77 255.48 71.44
2016-06-30 209.80 135.09 78.92
2016-03-31 209.80 135.09 78.92
2015-12-31 225.44 121.40 74.59
2015-09-30 225.44 121.40 74.59
2015-06-30 206.67 123.14 87.19
2015-03-31 206.67 123.14 87.19
2014-12-31 205.30 161.27 84.66
2014-09-30 205.30 161.27 84.66
2014-06-30 211.71 123.53 71.89
2014-03-31 211.71 123.53 71.89
2013-12-31 232.35 185.50 76.67
2013-09-30 232.35 185.50 76.67
2013-06-30 235.75 151.21 56.33
2013-03-31 235.75 151.21 56.33
2012-12-31 230.15 178.83 52.16
2012-09-30 230.15 178.83 52.16
  • Navitas's level of debt (1798.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (79.6% vs 1798.8% today).
  • Debt is well covered by operating cash flow (30%, greater than 20% of total debt).
  • Navitas is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Navitas'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. Navitas has a total score of 1/6, 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.

NVT Dividends

 What is Navitas'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
0%
Current annual income from Navitas dividends. Estimated to be 3.68% next year.
If you bought A$2,000 of Navitas shares you are expected to receive A$0 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?
  • Unable to evaluate Navitas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Navitas's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:NVT 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 Services Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
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:NVT Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.24 1.00
2020-06-30 0.20 2.00
2019-06-30 0.19 2.00
ASX:NVT Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-04 0.000 0.000
2018-08-06 0.174 3.579
2018-01-29 0.195 4.276
2017-07-31 0.195 4.020
2017-01-30 0.193 4.239
2016-08-01 0.195 3.803
2016-03-16 0.197 3.694
2015-07-27 0.195 4.502
2014-07-28 0.195 4.015
2013-07-29 0.195 3.014
2012-07-30 0.195 4.079
2011-08-02 0.207 5.688
2011-01-31 0.194 4.738
2010-08-03 0.188 4.695
2010-08-02 0.188 4.149
2010-02-01 0.169 3.578
2009-08-04 0.143 3.859
2008-08-05 0.109 4.595

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

  • Unable to perform a dividend volatility check as Navitas has not reported any payouts.
  • Unable to verify if Navitas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Navitas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Navitas has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Navitas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Navitas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Navitas has a total score of 1/6, see the detailed checks below.


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

NVT Management

 What is the CEO of Navitas'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
David Buckingham
COMPENSATION A$761,339
TENURE AS CEO 1.3 years
CEO Bio

Mr. David Buckingham, BTech (Hons), CA UK, UK ACT, GAICD, is Managing Director at Navitas Ltd since July 1, 2018 and is its Group Chief Executive Officer since March 1, 2018. Mr. Buckingham was the Chief Financial Officer of Navitas Limited since joined Navitas in January 25, 2016 until February 28, 2018 and serves as its Executive Director. Mr. Buckingham serves as the Chief Financial Officer of Westnet Pty Ltd. He served as the Chief Executive Officer of iiNet Ltd. since July 14, 2014 until 2015. He served as the Acting Chief Executive Officer of iiNet Ltd. until July 14, 2014. He served as the Chief Financial Officer and Company Secretary of iiNet Ltd. from January 21, 2008 to November 2013. He joined iiNet in January 2008. Prior to iiNet, he held senior financial roles at VirginMedia and Telewest Global. He previously based in the United Kingdom where he held a number of senior financial roles at Virgin Media, the UK’s largest residential ISP and Cable TV operator. Mr. Buckingham has extensive financial experience across a variety of industries. He trained as chartered accountant with PriceWaterhouse Coopers in London and Perth and became a member of the Institute of Chartered Accountants in England and Wales in 1993. Mr. Buckingham holds a Bachelor of Engineering Science degree, with honours, from Loughborough University of Technology.

CEO Compensation
  • David's compensation has increased whilst company is loss making.
  • David's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Navitas management team in years:

3.1
Average Tenure
  • The tenure for the Navitas management team is about average.
Management Team

David Buckingham

TITLE
Group CEO
COMPENSATION
A$761K
TENURE
1.3 yrs

Phil Mirams

TITLE
Chief Financial Officer
COMPENSATION
A$759K
TENURE
1.1 yrs

Mick Campbell

TITLE
Chief Information Officer
COMPENSATION
A$391K
TENURE
3.2 yrs

Rob Lourey

TITLE
Head of Human Resources
COMPENSATION
A$452K
AGE
60
TENURE
5.8 yrs

Iain Rothwell

TITLE
Chief Commercial Officer
COMPENSATION
A$423K
TENURE
3 yrs

Scott Jones

TITLE
Chief Executive Officer of Careers & Industry
COMPENSATION
A$572K
TENURE
5 yrs

Bev Hudson

TITLE
Chief Executive Officer of & President of University Partnerships North America
COMPENSATION
A$590K

Paul Lovegrove

TITLE
Chief Executive Officer of University Partnerships - Europe
COMPENSATION
A$389K
TENURE
3.4 yrs

James Fuller

TITLE
Head of Investor Relations

Matthew Rumpus

TITLE
Company Secretary & Group General Counsel
TENURE
0.2 yrs
Board of Directors

David Buckingham

TITLE
Group CEO
COMPENSATION
A$761K
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Jun 19 Sell Orbis Investment Management Limited Company 19. Jul 18 24. Jun 19 -2,342,420 A$5.82 A$-13,573,570
22. Mar 19 Sell AustralianSuper Pty Ltd Company 08. Nov 18 21. Jan 19 -6,851 A$5.66 A$-35,934
29. Aug 18 Sell Realindex Investments Pty Limited Company 26. Jun 18 13. Aug 18 -320,800 A$4.19 A$-1,345,596
29. Aug 18 Buy Realindex Investments Pty Limited Company 13. Jun 18 27. Aug 18 1,283,919 A$4.46 A$5,724,835
09. Oct 18 Sell AustralianSuper Pty Ltd Company 31. Aug 17 28. Sep 18 -305,472 A$5.44 A$-1,663,176
09. Oct 18 Buy AustralianSuper Pty Ltd Company 11. Sep 17 27. Sep 18 894,647 A$5.36 A$4,791,392
29. Aug 18 Sell Colonial First State Asset Management (Australia) Limited Company 05. Jun 18 27. Aug 18 -5,919,478 A$4.62 A$-27,120,513
29. Aug 18 Buy Colonial First State Asset Management (Australia) Limited Company 05. Jun 18 24. Aug 18 3,364,302 A$4.32 A$14,140,399
20. Jul 18 Sell Orbis Investment Management Limited Company 20. Sep 17 18. Jul 18 -221,889 A$5.66 A$-1,255,770
20. Jul 18 Buy Orbis Investment Management Limited Company 24. Aug 17 18. Jul 18 4,030,705 A$4.49 A$15,680,376
X
Management checks
We assess Navitas'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. Navitas 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.

NVT News

Simply Wall St News

Does Navitas Limited (ASX:NVT)'s Capital Return Make The Cut?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Navitas, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Navitas Limited (ASX:NVT): Why Return On Capital Employed Is Important

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently Navitas is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

How Navitas Limited's (ASX:NVT) Earnings Growth Stacks Up Against The Industry

Measuring Navitas Limited's (ASX:NVT) track record of past performance is a useful exercise for investors. … Today I will assess NVT's recent performance announced on 31 December 2017 and weigh these figures against its long-term trend and industry movements. … Did NVT perform worse than its track record and industry.

Simply Wall St -

Who Are The Major Shareholders Of Navitas Limited (ASX:NVT)?

I am going to take a deep dive into Navitas Limited’s (ASX:NVT) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … ASX:NVT Ownership Summary July 16th 18

Simply Wall St -

Calculating The Fair Value Of Navitas Limited (ASX:NVT)

by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is It Time To Sell Navitas Limited (ASX:NVT) Based Off Its PE Ratio?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in Navitas Limited (ASX:NVT). … Navitas Limited (ASX:NVT) is currently trading at a trailing P/E of 30.4x, which is higher than the industry average of 13.9x.

Simply Wall St -

Why Did Navitas Limited's' (ASX:NVT) Insiders Buy Up More Shares?

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. … It is widely considered that insider buying stock in their own companies is potentially a bullish signal … The MIT Press (1998) published an article showing that stocks following insider buying outperformed the market by 4.5%.

Simply Wall St -

Is May The Month To Buy Navitas Limited (ASX:NVT)?

This illustrates that Navitas is overvalued compared to the AU market average ratio of 17.17x , and overvalued based on current earnings compared to the consumer services industry average of 13.06x. … ASX:NVT PE PEG Gauge May 10th 18 We understand NVT seems to be overvalued based on its current earnings, compared to its industry peers. … This means that, when we account for Navitas's growth, the stock can be viewed as a bit overvalued , based on the fundamentals.

Simply Wall St -

Should Navitas Limited (ASX:NVT) Be Part Of Your Portfolio?

View our latest analysis for Navitas 5 checks you should use to assess a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … If there is one thing that you want to be reliable in your life, it's dividend stocks and their constant income stream. … Relative to peers, Navitas generates a yield of 4.37%, which is high for Consumer Services stocks but still below the market's top dividend payers.Next Steps: With this in mind, I definitely rank Navitas as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

Simply Wall St -

Navitas Limited (ASX:NVT): Time For A Financial Health Check

How does NVT’s operating cash flow stack up against its debt? … Additionally, NVT has generated AU$101.53M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 37.24%, meaning that NVT’s current level of operating cash is high enough to cover debt. … In NVT's, case, the ratio of 12.43x suggests that interest is comfortably covered, which means that lenders may be less hesitant to lend out more funding as NVT’s high interest coverage is seen as responsible and safe practice.Next Steps: NVT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

NVT Company Info

Description

Navitas Limited provides educational services for students and professionals in Australia, the United Kingdom, Europe, Asia, Canada, the United States, and internationally. It operates through University Partnerships, and Careers and Industry segments. The University Partnerships segment offers pre-university, managed campus, and university pathway programs that provide pre and first-year university courses to international students who do not qualify for direct entry to partner universities due to either language or academic records. The Careers and Industry segment delivers a range of higher education programs in various fields of study, including audio, film, animation, gaming, design, and Web; and Australian government’s adult migrant English program, and the skills for education and employment program across Australia. It also provides human services, such as diploma to higher education programs in psychology, counselling, social work, and criminal justice; leadership education and professional development services for teachers; and English language tuition, jobs skills training, and higher and vocational education in health, security, and psychology. The company was founded in 1994 and is headquartered in Perth, Australia.

Details
Name: Navitas Limited
NVT
Exchange: ASX
Founded: 1994
A$2,085,021,215
358,251,068
Website: http://www.navitas.com
Address: Navitas Limited
Brookfield Place,
Level 8,
Perth,
Western Australia, 6000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NVT Ordinary Shares Australian Securities Exchange AU AUD 15. Dec 2004
OTCPK NVTZ.F Ordinary Shares Pink Sheets LLC US USD 15. Dec 2004
DB IE8 Ordinary Shares Deutsche Boerse AG DE EUR 15. Dec 2004
CHIA NVT Ordinary Shares Chi-X Australia AU AUD 15. Dec 2004
Number of employees
Current staff
Staff numbers
8,000
Navitas employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/09 10:34
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/07/01
Last earnings filing: 2019/02/04
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.