company background image
PFP

Propel Funeral PartnersASX:PFP Stock Report

Market Cap

AU$426.6m

7D

-3.2%

1Y

41.4%

Updated

19 Oct, 2021

Data

Company Financials +
PFP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health2/6
Dividends3/6

PFP Overview

Propel Funeral Partners Limited provides death care services in Australia and New Zealand.

Propel Funeral Partners Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Propel Funeral Partners
Historical stock prices
Current Share PriceAU$4.17
52 Week HighAU$2.77
52 Week LowAU$4.45
Beta0.82
1 Month Change5.57%
3 Month Change13.62%
1 Year Change41.36%
3 Year Change57.36%
5 Year Changen/a
Change since IPO26.36%

Recent News & Updates

May 07
An Intrinsic Calculation For Propel Funeral Partners Limited (ASX:PFP) Suggests It's 22% Undervalued

An Intrinsic Calculation For Propel Funeral Partners Limited (ASX:PFP) Suggests It's 22% Undervalued

Today we will run through one way of estimating the intrinsic value of Propel Funeral Partners Limited ( ASX:PFP ) by...

Apr 18
Should Propel Funeral Partners Limited (ASX:PFP) Be Part Of Your Dividend Portfolio?

Should Propel Funeral Partners Limited (ASX:PFP) Be Part Of Your Dividend Portfolio?

Dividend paying stocks like Propel Funeral Partners Limited ( ASX:PFP ) tend to be popular with investors, and for good...

Shareholder Returns

PFPAU Consumer ServicesAU Market
7D-3.2%3.6%1.7%
1Y41.4%64.3%20.3%

Return vs Industry: PFP underperformed the Australian Consumer Services industry which returned 64.3% over the past year.

Return vs Market: PFP exceeded the Australian Market which returned 20.3% over the past year.

Price Volatility

Is PFP's price volatile compared to industry and market?
PFP volatility
PFP Beta0.82
Industry Beta0.95
Market Beta1

Stable Share Price: PFP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PFP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aAlbin Kurtihttps://www.propelfuneralpartners.com.au

Propel Funeral Partners Limited provides death care services in Australia and New Zealand. It is involved in the collection and transfer of the deceased; provision of mortuary services; and arrangement and conducting a funeral, cremation, burial, and memorialization activities. As of June 30, 2021, the company owned and operated 136 properties comprising 77 owned and 59 leased, which included 32 cremation facilities and 9 cemeteries.

Propel Funeral Partners Fundamentals Summary

How do Propel Funeral Partners's earnings and revenue compare to its market cap?
PFP fundamental statistics
Market CapAU$426.62m
Earnings (TTM)AU$14.44m
Revenue (TTM)AU$120.44m

29.5x

P/E Ratio

3.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PFP income statement (TTM)
RevenueAU$120.44m
Cost of RevenueAU$33.68m
Gross ProfitAU$86.76m
ExpensesAU$72.32m
EarningsAU$14.44m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin72.03%
Net Profit Margin11.99%
Debt/Equity Ratio46.4%

How did PFP perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

81%

Payout Ratio

Valuation

Is Propel Funeral Partners undervalued compared to its fair value and its price relative to the market?

20.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PFP (A$4.17) is trading below our estimate of fair value (A$5.29)

Significantly Below Fair Value: PFP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PFP is poor value based on its PE Ratio (29.5x) compared to the Australian Consumer Services industry average (28.9x).

PE vs Market: PFP is poor value based on its PE Ratio (29.5x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: PFP is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: PFP is good value based on its PB Ratio (2.3x) compared to the AU Consumer Services industry average (2.6x).


Future Growth

How is Propel Funeral Partners forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PFP's forecast earnings growth (16.3% per year) is above the savings rate (1.9%).

Earnings vs Market: PFP's earnings (16.3% per year) are forecast to grow faster than the Australian market (11.7% per year).

High Growth Earnings: PFP's earnings are forecast to grow, but not significantly.

Revenue vs Market: PFP's revenue (9.4% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: PFP's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PFP's Return on Equity is forecast to be low in 3 years time (8.9%).


Past Performance

How has Propel Funeral Partners performed over the past 5 years?

49.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PFP has high quality earnings.

Growing Profit Margin: PFP's current net profit margins (12%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: PFP's earnings have grown significantly by 49.5% per year over the past 5 years.

Accelerating Growth: PFP's earnings growth over the past year (35.9%) is below its 5-year average (49.5% per year).

Earnings vs Industry: PFP earnings growth over the past year (35.9%) underperformed the Consumer Services industry 43.2%.


Return on Equity

High ROE: PFP's Return on Equity (7.7%) is considered low.


Financial Health

How is Propel Funeral Partners's financial position?


Financial Position Analysis

Short Term Liabilities: PFP's short term assets (A$64.5M) do not cover its short term liabilities (A$84.6M).

Long Term Liabilities: PFP's short term assets (A$64.5M) do not cover its long term liabilities (A$115.8M).


Debt to Equity History and Analysis

Debt Level: PFP's debt to equity ratio (46.4%) is considered high.

Reducing Debt: Insufficient data to determine if PFP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PFP's debt is well covered by operating cash flow (31.3%).

Interest Coverage: PFP's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Dividend

What is Propel Funeral Partners's current dividend yield, its reliability and sustainability?

2.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PFP's dividend (2.82%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: PFP's dividend (2.82%) is low compared to the top 25% of dividend payers in the Australian market (5.28%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PFP has been paying a dividend for less than 10 years.

Growing Dividend: PFP's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81%), PFP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PFP's dividends in 3 years are forecast to be covered by earnings (74.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

Albin Kurti

no data

Tenure

Mr. Albin Kurti serves as Group CEO at Propel Funeral Partners Limited since July 26, 2021. He is a Co-Founder of Deutsche Bank AG, Investment Arm and serves as its Managing Director. He is Managing Direct...


Board Members

Experienced Board: PFP's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Propel Funeral Partners Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Propel Funeral Partners Limited
  • Ticker: PFP
  • Exchange: ASX
  • Founded: 2012
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: AU$426.617m
  • Shares outstanding: 102.31m
  • Website: https://www.propelfuneralpartners.com.au

Number of Employees


Location

  • Propel Funeral Partners Limited
  • 135 King Street
  • Level 18.03
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:54
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.