ECX

Eclipx GroupASX:ECX Stock Report

Market Cap

AU$700.7m

7D

0.9%

1Y

59.2%

Updated

18 Sep, 2021

Data

Company Financials +
ECX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

ECX Overview

Eclipx Group Limited provides vehicle fleet leasing, fleet management, and diversified financial services in Australia and New Zealand.

Eclipx Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eclipx Group
Historical stock prices
Current Share PriceAU$2.26
52 Week HighAU$1.40
52 Week LowAU$2.55
Beta1.64
1 Month Change-0.88%
3 Month Change6.60%
1 Year Change59.16%
3 Year Change-6.61%
5 Year Change-45.67%
Change since IPO-18.71%

Recent News & Updates

Shareholder Returns

ECXAU Consumer FinanceAU Market
7D0.9%-1.0%-0.02%
1Y59.2%23.6%27.0%

Return vs Industry: ECX exceeded the Australian Consumer Finance industry which returned 23.6% over the past year.

Return vs Market: ECX exceeded the Australian Market which returned 27% over the past year.

Price Volatility

Is ECX's price volatile compared to industry and market?
ECX volatility
ECX Beta1.64
Industry Beta1.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1987n/aJulian Russellhttps://www.eclipxgroup.com

Eclipx Group Limited provides vehicle fleet leasing, fleet management, and diversified financial services in Australia and New Zealand. The company operates through Australia Commercial, Novated, and New Zealand Commercial segments. It offers vehicle fleet leasing and management, commercial equipment finance and leasing, novated leasing, and consumer motor vehicle finance solutions.

Valuation

Is Eclipx Group undervalued compared to its fair value and its price relative to the market?

13.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ECX (A$2.26) is trading above our estimate of fair value (A$0.72)

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


Price To Earnings Ratio

PE vs Industry: ECX's PE Ratio (13.8x) is in line with the Australian Consumer Finance industry average.

PE vs Market: ECX is good value based on its PE Ratio (13.8x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: ECX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ECX is good value based on its PB Ratio (1.3x) compared to the AU Consumer Finance industry average (2x).


Future Growth

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

-3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECX's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: ECX's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: ECX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ECX's revenue (2.3% per year) is forecast to grow slower than the Australian market (5.3% per year).

High Growth Revenue: ECX's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ECX's Return on Equity is forecast to be low in 3 years time (10.2%).


Past Performance

How has Eclipx Group performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ECX has high quality earnings.

Growing Profit Margin: ECX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ECX's earnings have declined by 17.7% per year over the past 5 years.

Accelerating Growth: ECX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ECX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Finance industry (171.9%).


Return on Equity

High ROE: ECX's Return on Equity (9.3%) is considered low.


Financial Health

How is Eclipx Group's financial position?


Financial Position Analysis

Short Term Liabilities: ECX's short term assets (A$944.3M) exceed its short term liabilities (A$495.2M).

Long Term Liabilities: ECX's short term assets (A$944.3M) do not cover its long term liabilities (A$959.7M).


Debt to Equity History and Analysis

Debt Level: ECX's debt to equity ratio (232.5%) is considered high.

Reducing Debt: ECX's debt to equity ratio has increased from 225.9% to 232.5% over the past 5 years.

Debt Coverage: ECX's debt is well covered by operating cash flow (31.7%).

Interest Coverage: ECX's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Dividend

What is Eclipx Group current dividend yield, its reliability and sustainability?

1.83%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ECX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ECX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ECX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ECX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ECX is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ECX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Julian Russell

2.33yrs

Tenure

AU$2,050,569

Compensation

Mr. Julian Russell serves as Chief Executive Officer at Eclipx Group Limited since May 13, 2019. He was the Co-Head of the Financial Institutions Group at UBS Australia and has had a distinguished career a...


CEO Compensation Analysis

Compensation vs Market: Julian's total compensation ($USD1.49M) is above average for companies of similar size in the Australian market ($USD722.58K).

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


Leadership Team

Experienced Management: ECX's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: ECX's board of directors are not considered experienced ( 2 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: ECX 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

Eclipx Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Eclipx Group Limited
  • Ticker: ECX
  • Exchange: ASX
  • Founded: 1987
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: AU$700.720m
  • Shares outstanding: 310.05m
  • Website: https://www.eclipxgroup.com

Number of Employees


Location

  • Eclipx Group Limited
  • 601 Pacific Highway
  • Level 6
  • St Leonards
  • New South Wales
  • 2065
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 08:04
End of Day Share Price2021/09/17 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.