ASX:ASW

Stock Analysis Report

Executive Summary

Advanced Share Registry Limited provides share registry and other corporate services in Australia.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Advanced Share Registry's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.4%

ASW

4.9%

AU Capital Markets

4.0%

AU Market


1 Year Return

-19.4%

ASW

-20.0%

AU Capital Markets

-16.5%

AU Market

Return vs Industry: ASW exceeded the Australian Capital Markets industry which returned -24.9% over the past year.

Return vs Market: ASW exceeded the Australian Market which returned -19.1% over the past year.


Shareholder returns

ASWIndustryMarket
7 Day-13.4%4.9%4.0%
30 Day-15.9%-20.4%-15.4%
90 Day-22.7%-25.3%-23.5%
1 Year-14.7%-19.4%-16.3%-20.0%-12.8%-16.5%
3 Year-18.1%-30.5%32.4%15.5%-0.9%-14.5%
5 Year28.7%-5.7%65.4%30.4%11.2%-13.9%

Price Volatility Vs. Market

How volatile is Advanced Share Registry's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Advanced Share Registry undervalued compared to its fair value and its price relative to the market?

40.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASW (A$0.6) is trading below our estimate of fair value (A$0.98)

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


Price To Earnings Ratio

PE vs Industry: ASW is poor value based on its PE Ratio (17.1x) compared to the Capital Markets industry average (12.5x).

PE vs Market: ASW is poor value based on its PE Ratio (17.1x) compared to the Australian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASW is overvalued based on its PB Ratio (3.1x) compared to the AU Capital Markets industry average (1.1x).


Next Steps

Future Growth

How is Advanced Share Registry forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Advanced Share Registry has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Advanced Share Registry performed over the past 5 years?

3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASW has high quality earnings.

Growing Profit Margin: ASW's current net profit margins (26.5%) are lower than last year (38.9%).


Past Earnings Growth Analysis

Earnings Trend: ASW's earnings have grown by 3.1% per year over the past 5 years.

Accelerating Growth: ASW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASW had negative earnings growth (-33.1%) over the past year, making it difficult to compare to the Capital Markets industry average (7.7%).


Return on Equity

High ROE: ASW's Return on Equity (18%) is considered low.


Next Steps

Financial Health

How is Advanced Share Registry's financial position?


Financial Position Analysis

Short Term Liabilities: ASW's short term assets (A$5.4M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: ASW's short term assets (A$5.4M) exceed its long term liabilities (A$484.4K).


Debt to Equity History and Analysis

Debt Level: ASW is debt free.

Reducing Debt: ASW has not had any debt for past 5 years.

Debt Coverage: ASW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ASW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Advanced Share Registry's current dividend yield, its reliability and sustainability?

7.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASW's dividend (6.83%) is higher than the bottom 25% of dividend payers in the Australian market (3.17%).

High Dividend: ASW's dividend (6.83%) is low compared to the top 25% of dividend payers in the Australian market (8.12%).


Stability and Growth of Payments

Stable Dividend: ASW's dividends per share have been stable in the past 10 years.

Growing Dividend: ASW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (116.6%), ASW's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.7yrs

Average board tenure


CEO

Kim Phin Chong

no data

Tenure

AU$254,732

Compensation

Mr. Kim Phin Chong serves as the Chief Executive Officer and Managing Director at Advanced Share Registry Limited. Mr. Chong has been actively involved in the share registry business for over 26 years. Fro ...


CEO Compensation Analysis

Compensation vs Market: Kim Phin's total compensation ($USD0.00) is below average for companies of similar size in the Australian market ($USD238.47K).

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


Board Members

NamePositionTenureCompensationOwnership
Kim Phin Chong
CEO, MD & Directorno dataAU$254.73k56.12% A$14.5m
Alan Winduss
CFO, Company Secretary & Non-Executive Director12.67yrsAU$27.00k0.57% A$147.0k
Kee Tan
Non-Executive Director12.58yrsAU$27.00k1.27% A$327.3k
Simon Cato
Non-Executive Chairman no dataAU$45.00k1.28% A$330.0k

12.7yrs

Average Tenure

61yo

Average Age

Experienced Board: ASW's board of directors are seasoned and experienced ( 12.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ASW 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

Advanced Share Registry Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Advanced Share Registry Limited
  • Ticker: ASW
  • Exchange: ASX
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$25.780m
  • Shares outstanding: 42.97m
  • Website: https://advancedshare.com.au

Number of Employees


Location

  • Advanced Share Registry Limited
  • 110 Stirling Highway
  • Nedlands
  • Western Australia
  • 6009
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASWASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2008
ASWCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2008

Biography

Advanced Share Registry Limited provides share registry and other corporate services in Australia. The company offers a suite of registry services, including registry maintenance, capital raisings, corporate actions, company meetings, employee share plans, shareholder communications, and in-house printing services. It also engages in the property investment business. The company was founded in 1996 and is based in Nedlands, Australia. Advanced Share Registry Limited is a subsidiary of KMC Automation Pty Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 10:49
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.