Eclipx Group
Market Cap
AU$207.4m
Last Updated
2020/04/04 10:58 UTC
Data Sources
Company Financials +
Executive Summary
Eclipx Group Limited provides vehicle fleet leasing, fleet management, and diversified financial services in Australia and New Zealand.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Eclipx Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ECX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
38.3%
ECX
17.0%
AU Consumer Finance
5.0%
AU Market
1 Year Return
-23.1%
ECX
-24.5%
AU Consumer Finance
-19.2%
AU Market
Return vs Industry: ECX exceeded the Australian Consumer Finance industry which returned -24.5% over the past year.
Return vs Market: ECX underperformed the Australian Market which returned -19.2% over the past year.
Shareholder returns
| ECX | Industry | Market | |
|---|---|---|---|
| 7 Day | 38.3% | 17.0% | 5.0% |
| 30 Day | -54.4% | -44.5% | -20.3% |
| 90 Day | -57.0% | -49.9% | -25.8% |
| 1 Year | -23.1%-23.1% | -22.9%-24.5% | -15.6%-19.2% |
| 3 Year | -80.9%-82.6% | -36.6%-42.3% | -3.6%-16.8% |
| 5 Year | n/a | -43.3%-54.0% | 6.6%-17.5% |
Price Volatility Vs. Market
How volatile is Eclipx Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Is Eclipx Group Limited's (ASX:ECX) CEO Pay Justified?1 year ago | Simply Wall St
Should You Be Concerned About Eclipx Group Limited's (ASX:ECX) Investors?1 year ago | Simply Wall St
What’s Ahead For Eclipx Group Limited (ASX:ECX)?Valuation
Is Eclipx Group 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: ECX (A$0.65) is trading below our estimate of fair value (A$2.02)
Significantly Below Fair Value: ECX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ECX is unprofitable, so we can't compare its PE Ratio to the Consumer Finance industry average.
PE vs Market: ECX is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ECX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ECX is good value based on its PB Ratio (0.4x) compared to the AU Consumer Finance industry average (1x).
Next Steps
Future Growth
How is Eclipx Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
51.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ECX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: ECX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ECX's is expected to become profitable in the next 3 years.
Revenue vs Market: ECX's revenue is expected to decline over the next 3 years (-6.4% per year).
High Growth Revenue: ECX's revenue is forecast to decline over the next 3 years (-6.4% 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%).
Next Steps
Past Performance
How has Eclipx Group performed over the past 5 years?
-8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ECX is currently unprofitable.
Growing Profit Margin: ECX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ECX is unprofitable, and losses have increased over the past 5 years at a rate of -8.6% per year.
Accelerating Growth: Unable to compare ECX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ECX is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (14.1%).
Return on Equity
High ROE: ECX has a negative Return on Equity (-9.84%), as it is currently unprofitable.
Next Steps
Financial Health
How is Eclipx Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ECX has a low level of unsold assets or inventory.
Debt Coverage by Assets: ECX's debt is not covered by short term assets (assets are 0.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ECX has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: ECX has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: ECX's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ECX has a sufficient allowance for bad loans.
Low Risk Liabilities: ECX reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ECX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ECX has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ECX has an appropriate level of bad loans.
Next Steps
Dividend
What is Eclipx Group's current dividend yield, its reliability and sustainability?
9.78%
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 payouts.
High Dividend: Unable to evaluate ECX's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
0.9yrs
Average management tenure
CEO
Julian Russell
0.92
Tenure
AU$901,692
Compensation
Mr. Julian Russell serves as Chief Executive Officer at Eclipx Group Limited since May 13, 2019. He was the Co-Head of the Financial Institutions Group at UBS Australia and has had a distinguished career a ...
CEO Compensation Analysis
Compensation vs Market: Julian's total compensation ($USD541.85K) is above average for companies of similar size in the Australian market ($USD238.58K).
Compensation vs Earnings: Insufficient data to compare Julian's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 0.92yr | AU$901.69k | no data | |
| Chief Commercial Officer | 1.42yrs | AU$1.11m | 0.13% A$260.5k | |
| Acting Chief Financial Officer | 0.75yr | no data | no data | |
| Company Secretary & Group General Counsel | 5.5yrs | no data | no data | |
| Acting Head of Human Resources | 0.75yr | no data | no data | |
| Managing Director of Consumer | 3.5yrs | no data | no data | |
| Managing Director of FleetPartners New Zealand | 1.25yrs | no data | no data | |
| Group Head of Strategy | 0.083yr | no data | no data | |
| Group Treasurer | 0.083yr | no data | no data |
0.9yrs
Average Tenure
Experienced Management: ECX's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 2.25yrs | AU$167.50k | 0.0010% A$2.1k | |
| Independent Non-Executive Chairman | 5.08yrs | AU$305.00k | 0.075% A$155.8k | |
| Independent Non-Executive Director | 5.08yrs | AU$167.50k | 0.090% A$185.7k | |
| Independent Non-Executive Director | 5.08yrs | AU$192.50k | 0.056% A$116.9k | |
| Independent Non-Executive Director | 5.08yrs | AU$192.50k | 0.13% A$278.5k |
5.1yrs
Average Tenure
66yo
Average Age
Experienced Board: ECX's board of directors are considered experienced (5.1 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.
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 company bio, 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$207.423m
- Shares outstanding: 319.11m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ECX | ASX (Australian Securities Exchange) | Yes | New Ordinary Shares | AU | AUD | Apr 2015 |
| ECX | CHIA (Chi-X Australia) | Yes | New Ordinary Shares | AU | AUD | Apr 2015 |
Biography
Eclipx Group Limited provides vehicle fleet leasing, fleet management, and diversified financial services in Australia and New Zealand. The company operates in Australia Commercial, Australia Consumer, and New Zealand segments. It offers vehicle fleet leasing and management, commercial equipment finance and leasing, novated leasing, and consumer motor vehicle finance solutions. The company offers a suite of diversified financial services under the FleetPartners, FleetPlus, FleetChoice, Georgie, CarLoans.com.au, Right2Drive, AutoSelect, and Eclipx Commercial brands. Eclipx Group Limited was founded in 1987 and is headquartered in St Leonards, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 10:58 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.