company background image
CVW

ClearView WealthASX:CVW Stock Report

Market Cap

AU$508.6m

7D

2.0%

1Y

130.3%

Updated

21 Oct, 2021

Data

Company Financials
CVW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

CVW Overview

ClearView Wealth Limited provides life insurance, superannuation, investments, and financial advice products and services in Australia.

ClearView Wealth Competitors

Perpetual

ASX:PPT

AU$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for ClearView Wealth
Historical stock prices
Current Share PriceAU$0.76
52 Week HighAU$0.33
52 Week LowAU$0.77
Beta1.05
1 Month Change11.77%
3 Month Change63.44%
1 Year Change130.30%
3 Year Change-14.12%
5 Year Change-37.19%
Change since IPO-17.39%

Recent News & Updates

Shareholder Returns

CVWAU Diversified FinancialAU Market
7D2.0%3.7%0.7%
1Y130.3%16.0%21.4%

Return vs Industry: CVW exceeded the Australian Diversified Financial industry which returned 13.9% over the past year.

Return vs Market: CVW exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is CVW's price volatile compared to industry and market?
CVW volatility
CVW Beta1.05
Industry Beta0.92
Market Beta1

Stable Share Price: CVW is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CVW's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976n/aSimon Swansonhttps://www.clearview.com.au

ClearView Wealth Limited provides life insurance, superannuation, investments, and financial advice products and services in Australia. It operates through three segments: Life Insurance, Wealth Management, and Financial Advice. The Life Insurance segment provides life insurance protection products, including term life, permanent disability, trauma and critical illness benefits, child cover, accident covers, income protection, and business expense covers through financial advisers.

ClearView Wealth Fundamentals Summary

How do ClearView Wealth's earnings and revenue compare to its market cap?
CVW fundamental statistics
Market CapAU$508.63m
Earnings (TTM)AU$6.68m
Revenue (TTM)AU$581.34m

76.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVW income statement (TTM)
RevenueAU$581.34m
Cost of RevenueAU$153.04m
Gross ProfitAU$428.30m
ExpensesAU$421.62m
EarningsAU$6.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 23, 2022

Earnings per share (EPS)0.01
Gross Margin73.67%
Net Profit Margin1.15%
Debt/Equity Ratio7.2%

How did CVW perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

94%

Payout Ratio

Valuation

Is ClearView Wealth undervalued compared to its fair value and its price relative to the market?

76.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CVW (A$0.76) is trading above our estimate of fair value (A$0.57)

Significantly Below Fair Value: CVW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CVW is poor value based on its PE Ratio (76.2x) compared to the Australian Diversified Financial industry average (16.6x).

PE vs Market: CVW is poor value based on its PE Ratio (76.2x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CVW is good value based on its PB Ratio (1.1x) compared to the AU Diversified Financial industry average (1.2x).


Future Growth

How is ClearView Wealth forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-20.0%

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 ClearView Wealth 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.


Past Performance

How has ClearView Wealth performed over the past 5 years?

-20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVW has high quality earnings.

Growing Profit Margin: CVW's current net profit margins (1.1%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: CVW's earnings have declined by 20.1% per year over the past 5 years.

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

Earnings vs Industry: CVW had negative earnings growth (-48.9%) over the past year, making it difficult to compare to the Diversified Financial industry average (-19%).


Return on Equity

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


Financial Health

How is ClearView Wealth's financial position?


Financial Position Analysis

Short Term Liabilities: CVW's short term assets (A$229.8M) exceed its short term liabilities (A$14.1M).

Long Term Liabilities: CVW's short term assets (A$229.8M) do not cover its long term liabilities (A$1.5B).


Debt to Equity History and Analysis

Debt Level: CVW's debt to equity ratio (7.2%) is considered satisfactory.

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

Debt Coverage: CVW's debt is well covered by operating cash flow (300.7%).

Interest Coverage: CVW's interest payments on its debt are well covered by EBIT (22x coverage).


Balance Sheet


Dividend

What is ClearView Wealth current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CVW's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.29%).

High Dividend: CVW's dividend (1.32%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).


Stability and Growth of Payments

Stable Dividend: CVW's dividend payments have been volatile in the past 10 years.

Growing Dividend: CVW's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.1%), CVW'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?

2.8yrs

Average management tenure


CEO

Simon Swanson (63 yo)

11.58yrs

Tenure

AU$1,039,088

Compensation

Mr. Simon Swanson, BEC, BBus, ANZIIF (Fellow), CIP, FCPA, is an internationally experienced financial services executive having worked for over 35 years across life insurance, funds management, general ins...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD778.17K) is about average for companies of similar size in the Australian market ($USD734.81K).

Compensation vs Earnings: Simon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CVW's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: CVW's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6%.


Top Shareholders

Company Information

ClearView Wealth Limited's employee growth, exchange listings and data sources


Key Information

  • Name: ClearView Wealth Limited
  • Ticker: CVW
  • Exchange: ASX
  • Founded: 1976
  • Industry: Other Diversified Financial Services
  • Sector: Diversified Financials
  • Market Cap: AU$508.632m
  • Shares outstanding: 669.25m
  • Website: https://www.clearview.com.au

Location

  • ClearView Wealth Limited
  • 20 Bond Street
  • Level 15
  • 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 Analysis2021/10/21 18:10
End of Day Share Price2021/10/21 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.