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SHJ

Shine JusticeASX:SHJ Stock Report

Market Cap

AU$230.8m

7D

-1.9%

1Y

55.9%

Updated

25 Oct, 2021

Data

Company Financials +
SHJ fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends3/6

SHJ Overview

Shine Justice Ltd, through its subsidiaries, provides damages-based plaintiff litigation legal and insurance recovery consulting services in Australia and New Zealand.

Shine Justice Competitors

Slater and Gordon

ASX:SGH

AU$109.2m

Price History & Performance

Summary of all time highs, changes and price drops for Shine Justice
Historical stock prices
Current Share PriceAU$1.33
52 Week HighAU$0.81
52 Week LowAU$1.35
Beta0.19
1 Month Change5.16%
3 Month Change25.00%
1 Year Change55.88%
3 Year Change65.63%
5 Year Change6.00%
Change since IPO-12.54%

Recent News & Updates

Oct 13
Here's Why We Think Shine Justice Ltd's (ASX:SHJ) CEO Compensation Looks Fair for the time being

Here's Why We Think Shine Justice Ltd's (ASX:SHJ) CEO Compensation Looks Fair for the time being

Under the guidance of CEO Simon Morrison, Shine Justice Ltd ( ASX:SHJ ) has performed reasonably well recently. This is...

Sep 13
Shine Justice's (ASX:SHJ) Upcoming Dividend Will Be Larger Than Last Year's

Shine Justice's (ASX:SHJ) Upcoming Dividend Will Be Larger Than Last Year's

The board of Shine Justice Ltd ( ASX:SHJ ) has announced that it will be increasing its dividend by 18% on the 8th of...

Shareholder Returns

SHJAU Consumer ServicesAU Market
7D-1.9%2.8%0.6%
1Y55.9%61.2%21.3%

Return vs Industry: SHJ underperformed the Australian Consumer Services industry which returned 61.2% over the past year.

Return vs Market: SHJ exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is SHJ's price volatile compared to industry and market?
SHJ volatility
SHJ Beta0.19
Industry Beta0.95
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1976978Simon Morrisonhttps://www.shinejustice.com.au

Shine Justice Ltd, through its subsidiaries, provides damages-based plaintiff litigation legal and insurance recovery consulting services in Australia and New Zealand. It operates through two segments, Personal Injury and New Practice Areas. The Personal Injury segment provides services related to public liability, workers' compensation, and motor vehicle accidents.

Shine Justice Fundamentals Summary

How do Shine Justice's earnings and revenue compare to its market cap?
SHJ fundamental statistics
Market CapAU$230.82m
Earnings (TTM)AU$25.56m
Revenue (TTM)AU$193.39m

9.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHJ income statement (TTM)
RevenueAU$193.39m
Cost of RevenueAU$100.78m
Gross ProfitAU$92.61m
ExpensesAU$67.06m
EarningsAU$25.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin47.89%
Net Profit Margin13.21%
Debt/Equity Ratio18.4%

How did SHJ perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is Shine Justice undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHJ (A$1.33) is trading below our estimate of fair value (A$2.89)

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


Price To Earnings Ratio

PE vs Industry: SHJ is good value based on its PE Ratio (9x) compared to the Australian Consumer Services industry average (29.8x).

PE vs Market: SHJ is good value based on its PE Ratio (9x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: SHJ is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SHJ is good value based on its PB Ratio (0.9x) compared to the AU Consumer Services industry average (2.7x).


Future Growth

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

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHJ's forecast earnings growth (10.5% per year) is above the savings rate (1.9%).

Earnings vs Market: SHJ's earnings (10.5% per year) are forecast to grow slower than the Australian market (11.5% per year).

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

Revenue vs Market: SHJ's revenue (5.4% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: SHJ's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHJ's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has Shine Justice performed over the past 5 years?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHJ has high quality earnings.

Growing Profit Margin: SHJ's current net profit margins (13.2%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: SHJ's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: SHJ's earnings growth over the past year (19%) exceeds its 5-year average (5.6% per year).

Earnings vs Industry: SHJ earnings growth over the past year (19%) underperformed the Consumer Services industry 43.2%.


Return on Equity

High ROE: SHJ's Return on Equity (10%) is considered low.


Financial Health

How is Shine Justice's financial position?


Financial Position Analysis

Short Term Liabilities: SHJ's short term assets (A$317.5M) exceed its short term liabilities (A$129.9M).

Long Term Liabilities: SHJ's short term assets (A$317.5M) exceed its long term liabilities (A$188.1M).


Debt to Equity History and Analysis

Debt Level: SHJ's debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: SHJ's debt to equity ratio has increased from 15.4% to 18.4% over the past 5 years.

Debt Coverage: SHJ's debt is well covered by operating cash flow (104.5%).

Interest Coverage: SHJ's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet


Dividend

What is Shine Justice current dividend yield, its reliability and sustainability?

3.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHJ's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: SHJ's dividend (3.96%) is low compared to the top 25% of dividend payers in the Australian market (5.3%).


Stability and Growth of Payments

Stable Dividend: SHJ has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SHJ's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.6%), SHJ's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SHJ's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Simon Morrison (52 yo)

9.75yrs

Tenure

AU$564,167

Compensation

Mr. Simon Michael Morrison, LLB serves as Managing Director at Shine Lawyers Limited. Mr. Morrison is the Co-Founder of Shine Justice Ltd (formerly known as Shine Corporate Ltd). He has been the Chief Exec...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD422.91K) is about average for companies of similar size in the Australian market ($USD552.88K).

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


Leadership Team

Experienced Management: SHJ's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: SHJ's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shine Justice Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Shine Justice Ltd
  • Ticker: SHJ
  • Exchange: ASX
  • Founded: 1976
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: AU$230.819m
  • Shares outstanding: 174.20m
  • Website: https://www.shinejustice.com.au

Number of Employees


Location

  • Shine Justice Ltd
  • 160 Ann Street
  • Level 13
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:56
End of Day Share Price2021/10/25 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.