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MNY

Money3ASX:MNY Stock Report

Market Cap

AU$682.3m

7D

-1.2%

1Y

39.8%

Updated

23 Oct, 2021

Data

Company Financials +
MNY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health2/6
Dividends4/6

MNY Overview

Money3 Corporation Limited provides secured automotive loans in Australia and New Zealand.

Money3 Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Money3
Historical stock prices
Current Share PriceAU$3.23
52 Week HighAU$2.16
52 Week LowAU$3.80
Beta1.58
1 Month Change-2.12%
3 Month Change2.54%
1 Year Change39.83%
3 Year Change103.15%
5 Year Change79.44%
Change since IPO156.35%

Recent News & Updates

Aug 19
Money3's (ASX:MNY) Dividend Will Be Increased To AU$0.07

Money3's (ASX:MNY) Dividend Will Be Increased To AU$0.07

Money3 Corporation Limited ( ASX:MNY ) has announced that it will be increasing its dividend on the 14th of October to...

Aug 18
AU$4.16 - That's What Analysts Think Money3 Corporation Limited (ASX:MNY) Is Worth After These Results

AU$4.16 - That's What Analysts Think Money3 Corporation Limited (ASX:MNY) Is Worth After These Results

Investors in Money3 Corporation Limited ( ASX:MNY ) had a good week, as its shares rose 3.9% to close at AU$3.50...

Shareholder Returns

MNYAU Consumer FinanceAU Market
7D-1.2%2.8%0.6%
1Y39.8%15.6%21.3%

Return vs Industry: MNY exceeded the Australian Consumer Finance industry which returned 15.6% over the past year.

Return vs Market: MNY exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is MNY's price volatile compared to industry and market?
MNY volatility
MNY Beta1.58
Industry Beta1.96
Market Beta1

Stable Share Price: MNY is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MNY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005273Scott Baldwinhttps://www.money3.com.au

Money3 Corporation Limited provides secured automotive loans in Australia and New Zealand. The company offers vehicle loans that include loans for new and used cars, motorbikes, campervans, vans, minibuses, caravans, trailers, boats, jet skis, trucks, ride on mowers, and tractors. It also provides secured and unsecured personal, and cash loans.

Money3 Fundamentals Summary

How do Money3's earnings and revenue compare to its market cap?
MNY fundamental statistics
Market CapAU$682.26m
Earnings (TTM)AU$39.17m
Revenue (TTM)AU$145.10m

17.4x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNY income statement (TTM)
RevenueAU$145.10m
Cost of RevenueAU$0
Gross ProfitAU$145.10m
ExpensesAU$105.94m
EarningsAU$39.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin100.00%
Net Profit Margin26.99%
Debt/Equity Ratio77.6%

How did MNY perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Money3 undervalued compared to its fair value and its price relative to the market?

17.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MNY (A$3.23) is trading above our estimate of fair value (A$1.68)

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


Price To Earnings Ratio

PE vs Industry: MNY is poor value based on its PE Ratio (17.4x) compared to the Australian Consumer Finance industry average (14.3x).

PE vs Market: MNY is good value based on its PE Ratio (17.4x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: MNY is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: MNY is overvalued based on its PB Ratio (2x) compared to the AU Consumer Finance industry average (1.8x).


Future Growth

How is Money3 forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNY's forecast earnings growth (16.8% per year) is above the savings rate (1.9%).

Earnings vs Market: MNY's earnings (16.8% per year) are forecast to grow faster than the Australian market (11.6% per year).

High Growth Earnings: MNY's earnings are forecast to grow, but not significantly.

Revenue vs Market: MNY's revenue (16% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: MNY's revenue (16% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MNY's Return on Equity is forecast to be low in 3 years time (16%).


Past Performance

How has Money3 performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNY has high quality earnings.

Growing Profit Margin: MNY's current net profit margins (27%) are higher than last year (17.9%).


Past Earnings Growth Analysis

Earnings Trend: MNY's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: MNY's earnings growth over the past year (76.5%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: MNY earnings growth over the past year (76.5%) underperformed the Consumer Finance industry 171.9%.


Return on Equity

High ROE: MNY's Return on Equity (11.6%) is considered low.


Financial Health

How is Money3's financial position?


Financial Position Analysis

Short Term Liabilities: MNY's short term assets (A$245.3M) exceed its short term liabilities (A$64.8M).

Long Term Liabilities: MNY's short term assets (A$245.3M) exceed its long term liabilities (A$227.4M).


Debt to Equity History and Analysis

Debt Level: MNY's debt to equity ratio (77.6%) is considered high.

Reducing Debt: MNY's debt to equity ratio has increased from 31.1% to 77.6% over the past 5 years.

Debt Coverage: MNY's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MNY's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Money3 current dividend yield, its reliability and sustainability?

3.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNY's dividend (3.1%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: MNY's dividend (3.1%) is low compared to the top 25% of dividend payers in the Australian market (5.3%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.4%), MNY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MNY's dividends in 3 years are forecast to be covered by earnings (53.7% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Scott Baldwin

6.08yrs

Tenure

AU$1,567,125

Compensation

Mr. Scott Joseph Baldwin, B.Eng (Hons), MBA, GAICD, has been Managing Director of Money3 Corporation Limited since September 29, 2015 and serves as its Chief Executive Officer since 2015 and Executive Dire...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD1.17M) is above average for companies of similar size in the Australian market ($USD717.56K).

Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MNY's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: MNY's board of directors are not considered experienced ( 2.9 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: 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 been diluted in the past year, with total shares outstanding growing by 14%.


Top Shareholders

Company Information

Money3 Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Money3 Corporation Limited
  • Ticker: MNY
  • Exchange: ASX
  • Founded: 2005
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: AU$682.257m
  • Shares outstanding: 211.23m
  • Website: https://www.money3.com.au

Number of Employees


Location

  • Money3 Corporation Limited
  • 40 Graduate Road
  • Level 1
  • Bundoora
  • Victoria
  • 3083
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 07:05
End of Day Share Price2021/10/22 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.