Board Change • May 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Chairman Damian Banks is the most experienced director on the board, commencing their role in 2024. Independent Director Lynne Lewis was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • May 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Chairman Damian Banks is the most experienced director on the board, commencing their role in 2024. Independent Director Lynne Lewis was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Feb 19
Kip McGrath Education Centres Limited to Report First Half, 2026 Results on Feb 26, 2026 Kip McGrath Education Centres Limited announced that they will report first half, 2026 results on Feb 26, 2026 Announcement • Jan 08
Kip McGrath Education Centres Limited Announces Executive Changes, Effective December 17, 2025 Kip McGrath Education Centres Limited announced that Brett Edwards has resigned as Company Secretary of the Company, effective December 17, 2025. The Company also announced the appointment of Adrian Sturrock as Company Secretary, also effective December 17, 2025. Board Change • Dec 24
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Chairman Damian Banks is the most experienced director on the board, commencing their role in 2024. Independent Director Lynne Lewis was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 27
Kip McGrath Education Centres Limited, Annual General Meeting, Nov 25, 2025 Kip McGrath Education Centres Limited, Annual General Meeting, Nov 25, 2025. Location: at the commons george street, level 1, 388 george street, sydney Australia Announcement • Aug 13
Kip McGrath Education Centres Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Kip McGrath Education Centres Limited announced that they will report fiscal year 2025 results on Aug 26, 2025 Announcement • Feb 26
Kip McGrath Education Centres Limited announces Annual dividend, payable on March 27, 2025 Kip McGrath Education Centres Limited announced Annual dividend of AUD 0.0050 per share payable on March 27, 2025, ex-date on March 12, 2025 and record date on March 13, 2025. New Risk • Nov 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$402k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Significant insider selling over the past 3 months (AU$402k sold). Market cap is less than US$100m (AU$23.9m market cap, or US$15.6m). Recent Insider Transactions • Nov 03
Insider recently sold AU$402k worth of stock On the 28th of October, Kip McGrath sold around 1m shares on-market at roughly AU$0.40 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$219k more than they bought in the last 12 months. Announcement • Oct 28
Kip McGrath Education Centres Limited, Annual General Meeting, Nov 26, 2024 Kip McGrath Education Centres Limited, Annual General Meeting, Nov 26, 2024. Location: at second floor, 31 market street, nsw, 2000, sydney Australia Recent Insider Transactions • Oct 16
Chairman of the Board recently bought AU$80k worth of stock On the 14th of October, Damian Banks bought around 200k shares on-market at roughly AU$0.40 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$183k worth in shares. Recent Insider Transactions • Sep 07
Chairman of the Board recently bought AU$61k worth of stock On the 5th of September, Damian Banks bought around 139k shares on-market at roughly AU$0.44 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$77k worth in shares. Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: AU$0.023 (vs AU$0.034 in FY 2023) Full year 2024 results: EPS: AU$0.023 (down from AU$0.034 in FY 2023). Revenue: AU$32.4m (up 21% from FY 2023). Net income: AU$1.32m (down 32% from FY 2023). Profit margin: 4.1% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Aug 21
Kip McGrath Education Centres Limited Does Not Declare Final Dividend for the Year Ended 30 June 2024 The Board of Kip McGrath Education Centres Limited has not declared a final dividend for the year ended on 30 June 2024, balancing the operating performance and capital needs whilst continuing to focus on growth in the business. A final dividend for the year ended 30 June 2023 of 1.5 cents per ordinary share, 0% franked, was paid on 21 September 2023. Buy Or Sell Opportunity • Jul 24
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at AU$0.34. The fair value is estimated to be AU$0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. Announcement • Jun 25
Kip McGrath Education Centres Limited to Report Fiscal Year 2024 Results on Aug 20, 2024 Kip McGrath Education Centres Limited announced that they will report fiscal year 2024 results on Aug 20, 2024 Announcement • May 24
Kip McGrath Education Centres Limited Announces Retirement of Trevor Folsom as Director, Effective 31 May 2024 Kip McGrath Education Centres Limited informed the market that Trevor Folsom has announced his decision to retire as a Director effective 31 May 2024. Trevor has been a Director since September 2014. Buy Or Sell Opportunity • May 21
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to AU$0.32. The fair value is estimated to be AU$0.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. New Risk • May 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (AU$17.6m market cap, or US$11.8m). New Risk • Feb 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 98% Earnings have declined by 11% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (AU$21.0m market cap, or US$13.8m). Buy Or Sell Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to AU$0.47. The fair value is estimated to be AU$0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Jan 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be AU$0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Dec 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be AU$0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Board Change • Nov 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Di Pass was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 20
Kip McGrath Education Centres Limited, Annual General Meeting, Nov 21, 2023 Kip McGrath Education Centres Limited, Annual General Meeting, Nov 21, 2023, at 11:01 AUS Eastern Standard Time. Location: Second Floor, 131 Macquarie Street Sydney New South Wales Australia Agenda: To receive and consider the financial report, directors' report and independent audit report for the Company for the year ended 30 June 2023; to consider re-election of Mr. Trevor Folsom; and to consider adoption of Remuneration Report. Board Change • Oct 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Di Pass was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 30
Upcoming dividend of AU$0.015 per share at 5.0% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.034 (vs AU$0.035 in FY 2022) Full year 2023 results: EPS: AU$0.034. Revenue: AU$26.8m (up 8.8% from FY 2022). Net income: AU$1.92m (up 2.4% from FY 2022). Profit margin: 7.2% (down from 7.6% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Aug 22
Kip Mcgrath Education Centres Limited Declares Final Dividend for the Period Ended 30 June 2023 to Be Paid on 21 September 2023 The Board of Kip McGrath Education Centres Limited declared a final dividend of AUD 0.01500000 for the period ended 30 June 2023 to be paid on 21 September 2023. Ex Date is 6 September 2023. Record Date is 7 September 2023. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$30.9m market cap, or US$20.2m). New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings have declined by 7.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (AU$30.9m market cap, or US$21.0m). Recent Insider Transactions • Jul 01
MD, CEO & Executive Director recently bought AU$86k worth of stock On the 28th of June, Storm McGrath bought around 200k shares on-market at roughly AU$0.43 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Storm's only on-market trade for the last 12 months. Announcement • Jun 28
Kip Mcgrath Education Centres Limited Provides Earnings Guidance for the Financial Year 2023 Kip McGrath Education Centres Limited provided earnings guidance for the financial year 2023. For the period, the company expects revenue to be between $26.9 million - $27.3 million and net profit is expected to be marginally behind the prior year at $1.7 million to $1.9 million. Upcoming Dividend • Mar 01
Upcoming dividend of AU$0.01 per share at 3.7% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 23 March 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 22
First half 2023 earnings released: EPS: AU$0.012 (vs AU$0.018 in 1H 2022) First half 2023 results: EPS: AU$0.012 (down from AU$0.018 in 1H 2022). Revenue: AU$12.4m (up 8.8% from 1H 2022). Net income: AU$652.0k (down 29% from 1H 2022). Profit margin: 5.3% (down from 8.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Australia. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Di Pass was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Di Pass was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 31
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.035 (vs AU$0.033 in FY 2021) Full year 2022 results: EPS: AU$0.035 (up from AU$0.033 in FY 2021). Revenue: AU$24.6m (up 28% from FY 2021). Net income: AU$1.88m (up 8.4% from FY 2021). Profit margin: 7.6% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Jun 30
Independent Non-Executive Director recently bought AU$53k worth of stock On the 27th of June, Diane Pass bought around 51k shares on-market at roughly AU$1.05 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$261k. Insiders have collectively bought AU$521k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 03
Independent Non-Executive Director recently bought AU$261k worth of stock On the 31st of March, Trevor Folsom bought around 219k shares on-market at roughly AU$1.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$468k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 22
Independent Non-Executive Director recently bought AU$105k worth of stock On the 18th of March, Trevor Folsom bought around 98k shares on-market at roughly AU$1.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$207k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 12
MD, CEO & Director recently bought AU$102k worth of stock On the 9th of March, Storm McGrath bought around 100k shares on-market at roughly AU$1.02 per share. This was the largest purchase by an insider in the last 3 months. This was Storm's only on-market trade for the last 12 months. Upcoming Dividend • Mar 02
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 24 March 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 24
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.018 (up from AU$0.016 in 1H 2021). Revenue: AU$11.4m (up 33% from 1H 2021). Net income: AU$918.0k (up 11% from 1H 2021). Profit margin: 8.1% (down from 9.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 23 September 2021. Trailing yield: 1.8%. Lower than top quartile of Australian dividend payers (5.2%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.033 (vs AU$0.035 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$19.8m (up 16% from FY 2020). Net income: AU$1.73m (up 10% from FY 2020). Profit margin: 8.8% (down from 9.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 17
MD, CEO & Director recently sold AU$104k worth of stock On the 11th of March, Storm McGrath sold around 69k shares on-market at roughly AU$1.50 per share. This was the largest sale by an insider in the last 3 months. This was Storm's only on-market trade for the last 12 months. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.016 (vs AU$0.023 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$8.53m (down 2.4% from 1H 2020). Net income: AU$826.0k (down 19% from 1H 2020). Profit margin: 9.7% (down from 12% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 18% share price gain to AU$1.55, the stock is trading at a trailing P/E ratio of 44.9x, up from the previous P/E ratio of 37.9x. This compares to an average P/E of 28x in the Consumer Services industry in Australia. Total returns to shareholders over the past three years are 247%. Is New 90 Day High Low • Nov 23
New 90-day high: AU$1.55 The company is up 43% from its price of AU$1.09 on 25 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 23% over the same period. Is New 90 Day High Low • Oct 27
New 90-day high: AU$1.37 The company is up 37% from its price of AU$1.00 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 17% share price gain to AU$1.18, the stock is trading at a trailing P/E ratio of 33.9x, up from the previous P/E ratio of 29x. This compares to an average P/E of 29x in the Consumer Services industry in Australia. Total returns to shareholders over the past three years are 151%. Is New 90 Day High Low • Oct 10
New 90-day high: AU$1.16 The company is up 13% from its price of AU$1.03 on 10 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Services industry, which is up 21% over the same period. 