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Money3

ASX:MNY
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNY
ASX
A$343M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

Money3 Corporation Limited, a finance company, provides secured and unsecured personal loans in Australia. The last earnings update was 22 days ago. More info.


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MNY Share Price and Events
7 Day Returns
1.6%
ASX:MNY
-0.1%
AU Consumer Finance
-0.4%
AU Market
1 Year Returns
-0.3%
ASX:MNY
-10.2%
AU Consumer Finance
2.1%
AU Market
MNY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Money3 (MNY) 1.6% 4.6% 19.7% -0.3% 75.2% 86.1%
AU Consumer Finance -0.1% 2.2% 2.8% -10.2% 2.8% -3%
AU Market -0.4% 1.4% 8.5% 2.1% 18% 5.2%
1 Year Return vs Industry and Market
  • MNY outperformed the Consumer Finance industry which returned -10.2% over the past year.
  • MNY underperformed the Market in Australia which returned 2.1% over the past year.
Price Volatility
MNY
Industry
5yr Volatility vs Market

MNY Value

 Is Money3 undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Money3 to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Money3.

ASX:MNY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$1.17 * 16%
A$0.19
Book Value of Equity per Share Median Book Value from the past 5 years. A$1.17
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MNY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.684 (1 + (1- 30%) (28.68%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.88 * 5.96%)
7.56%

Discounted Cash Flow Calculation for ASX:MNY using Excess Returns Model Model

The calculations below outline how an intrinsic value for Money3 is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:MNY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16% – 7.56%) * A$1.17)
A$0.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.10 / (7.56% - 2.31%)
A$1.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$1.17 + A$1.87
A$3.04
ASX:MNY Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.04
Current discount Discount to share price of A$1.95
= -1 x (A$1.95 - A$3.04) / A$3.04
36.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Money3 is available for.
Intrinsic value
36%
Share price is A$1.95 vs Future cash flow value of A$3.04
Current Discount Checks
For Money3 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Money3's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Money3's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Money3's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Money3's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MNY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.20
ASX:MNY Share Price ** ASX (2019-03-18) in AUD A$1.95
Australia Consumer Finance Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Finance Companies 9.21x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Money3.

ASX:MNY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MNY Share Price ÷ EPS (both in AUD)

= 1.95 ÷ 0.20

9.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Money3 is overvalued based on earnings compared to the AU Consumer Finance industry average.
  • Money3 is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Money3's expected growth come at a high price?
Raw Data
ASX:MNY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
3.2%per year
Australia Consumer Finance Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 1.55x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:MNY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.76x ÷ 3.2%

3.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Money3 is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Money3's assets?
Raw Data
ASX:MNY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.30
ASX:MNY Share Price * ASX (2019-03-18) in AUD A$1.95
Australia Consumer Finance Industry PB Ratio Median Figure of 14 Publicly-Listed Consumer Finance Companies 1.75x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:MNY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MNY Share Price ÷ Book Value per Share (both in AUD)

= 1.95 ÷ 1.30

1.5x

* Primary Listing of Money3.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Money3 is good value based on assets compared to the AU Consumer Finance industry average.
X
Value checks
We assess Money3's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Money3 has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MNY Future Performance

 How is Money3 expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Money3 expected to grow at an attractive rate?
  • Money3's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Money3's earnings growth is positive but not above the Australia market average.
  • Money3's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:MNY Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MNY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 3.2%
ASX:MNY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -0.1%
Australia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Australia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MNY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MNY Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 133 -19 39 1
2020-06-30 114 19 32 2
2019-06-30 125 -19 35 2
ASX:MNY Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 128 -15 34
2018-09-30 125 -10 33
2018-06-30 122 -5 32
2018-03-31 120 -7 31
2017-12-31 118 -10 31
2017-09-30 114 -20 30
2017-06-30 110 -30 29
2017-03-31 105 -31 26
2016-12-31 101 -32 24
2016-09-30 99 -21 22
2016-06-30 97 -11 20
2016-03-31 90 -17 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Money3's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Money3's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MNY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Money3 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MNY Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.22 0.22 0.22 1.00
2020-06-30 0.18 0.18 0.18 1.00
2019-06-30 0.20 0.20 0.20 1.00
ASX:MNY Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.20
2018-09-30 0.20
2018-06-30 0.20
2018-03-31 0.20
2017-12-31 0.20
2017-09-30 0.19
2017-06-30 0.19
2017-03-31 0.17
2016-12-31 0.16
2016-09-30 0.15
2016-06-30 0.14
2016-03-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Money3 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Money3's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Money3 has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MNY Past Performance

  How has Money3 performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Money3's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Money3 has delivered over 20% year on year earnings growth in the past 5 years.
  • Money3's 1-year earnings growth is less than its 5-year average (10.8% vs 29.9%)
  • Money3's earnings growth has not exceeded the AU Consumer Finance industry average in the past year (10.8% vs 37.6%).
Earnings and Revenue History
Money3's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Money3 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MNY Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 127.50 34.09 64.54
2018-09-30 124.69 33.06 63.58
2018-06-30 121.88 32.03 62.63
2018-03-31 120.09 31.40 61.91
2017-12-31 118.30 30.77 61.18
2017-09-30 113.97 29.93 58.94
2017-06-30 109.64 29.09 56.69
2017-03-31 105.31 26.50 57.04
2016-12-31 100.99 23.91 57.38
2016-09-30 98.82 22.02 58.13
2016-06-30 96.66 20.13 58.89
2016-03-31 90.23 18.40 54.93
2015-12-31 83.79 16.66 50.97
2015-09-30 76.41 15.30 46.95
2015-06-30 69.04 13.94 42.94
2015-03-31 62.91 12.98 38.63
2014-12-31 56.79 12.03 34.32
2014-09-30 50.15 9.93 30.43
2014-06-30 43.51 7.83 26.55
2014-03-31 37.67 6.50 23.06
2013-12-31 31.84 5.17 19.58
2013-09-30 27.31 4.41 16.60
2013-06-30 22.79 3.65 13.62
2013-03-31 20.74 3.37 12.81
2012-12-31 18.69 3.09 12.00
2012-09-30 17.09 2.83 11.25
2012-06-30 15.49 2.58 10.49
2012-03-31 14.69 2.43 10.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Money3 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Money3 used its assets more efficiently than the AU Consumer Finance industry average last year based on Return on Assets.
  • Money3 has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Money3's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Money3 has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MNY Health

 How is Money3's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Money3's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Money3 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Money3's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Money3's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Money3 Company Filings, last reported 2 months ago.

ASX:MNY Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 233.71 98.27 23.66
2018-09-30 233.71 98.27 23.66
2018-06-30 219.18 97.83 46.31
2018-03-31 219.18 97.83 46.31
2017-12-31 190.07 77.34 10.94
2017-09-30 190.07 77.34 10.94
2017-06-30 182.06 79.51 21.11
2017-03-31 182.06 79.51 21.11
2016-12-31 168.18 60.12 7.77
2016-09-30 168.18 60.12 7.77
2016-06-30 156.52 48.63 27.18
2016-03-31 156.52 48.63 27.18
2015-12-31 149.76 35.35 21.43
2015-09-30 149.76 35.35 21.43
2015-06-30 122.73 35.27 12.42
2015-03-31 122.73 35.27 12.42
2014-12-31 108.65 37.06 26.30
2014-09-30 108.65 37.06 26.30
2014-06-30 81.10 29.34 23.68
2014-03-31 81.10 29.34 23.68
2013-12-31 76.27 3.27 9.36
2013-09-30 76.27 3.27 9.36
2013-06-30 51.22 3.05 4.56
2013-03-31 51.22 3.05 4.56
2012-12-31 38.75 3.04 0.58
2012-09-30 38.75 3.04 0.58
2012-06-30 33.44 1.59 1.26
2012-03-31 33.44 1.59 1.26
  • Money3's level of debt (42%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.7% vs 42% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 6.5x coverage).
X
Financial health checks
We assess Money3's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Money3 has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MNY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.14%
Current annual income from Money3 dividends. Estimated to be 4.11% next year.
If you bought A$2,000 of Money3 shares you are expected to receive A$103 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Money3's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.58%).
  • Money3's dividend is below the markets top 25% of dividend payers in Australia (5.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MNY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 5.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MNY Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.00 1.00
2020-06-30 0.10 2.00
2019-06-30 0.10 2.00
ASX:MNY Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.100 5.085
2018-08-27 0.100 5.554
2018-02-19 0.090 4.690
2017-08-31 0.057 3.528
2017-02-21 0.050 3.468
2016-08-29 0.053 3.172
2016-02-25 0.055 5.109
2015-09-30 0.055 5.692
2015-08-28 0.055 5.000
2014-08-21 0.045 3.375
2013-08-29 0.040 3.902
2013-02-22 0.040 4.907
2012-08-31 0.040 8.335
2012-03-02 0.043 10.880
2011-09-02 0.043 10.336
2011-03-08 0.043 9.757
2010-09-08 0.041 8.407
2010-03-10 0.034 7.654
2009-10-08 0.033 7.040
2009-04-03 0.043 10.495

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Money3's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Money3's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Money3 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Money3 has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MNY Management

 What is the CEO of Money3's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Baldwin
COMPENSATION A$1,074,708
TENURE AS CEO 3.5 years
CEO Bio

Mr. Scott Joseph Baldwin, B.Eng (Hons) MBA GAICD has been Managing Director of Money3 Corporation Limited since September 29, 2015 and also serves as its Chief Executive Officer and Executive Director. Mr. Baldwin served as the Acting Chief Executive Officer of Money3 Corporation Limited. He served as an Acting Managing Director of Money3 Corporation Limited since July 22, 2015. He served as the Chief Operating Officer of Money3 Corporation Limited since April 25, 2008 until July 22, 2015.

CEO Compensation
  • Scott's compensation has increased by more than 20% in the past year.
  • Scott's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Money3 management team in years:

2.8
Average Tenure
  • The tenure for the Money3 management team is about average.
Management Team

Scott Baldwin

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
TENURE
3.5 yrs

Siva Subramani

TITLE
Chief Financial Officer
COMPENSATION
A$306K
TENURE
1 yrs

Rob Camilleri

TITLE
Chief Information Officer
COMPENSATION
A$383K
TENURE
2.2 yrs

Craig Harris

TITLE
General Manager of Broker Division
COMPENSATION
A$517K
TENURE
3.3 yrs

Michael Rudd

TITLE
General Manager of Branch & Online Network
COMPENSATION
A$516K
TENURE
4.3 yrs

Terri Bakos

TITLE
Company Secretary
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure of the Money3 board of directors in years:

1.8
Average Tenure
  • The average tenure for the Money3 board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stuart Robertson

TITLE
Chairman
COMPENSATION
A$204K
TENURE
0.3 yrs

Scott Baldwin

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
TENURE
10.2 yrs

Leath Nicholson

TITLE
Non-Executive Director
COMPENSATION
A$232K
TENURE
3.2 yrs

Symon Brewis-Weston

TITLE
Independent Non-Executive Director
AGE
49
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
21. Sep 18 Sell Silvan Bond Pty. Ltd. Company 17. Sep 18 17. Sep 18 -636,957 A$2.20 A$-1,401,676
21. Sep 18 Buy Silvan Bond Pty. Ltd. Company 17. Sep 18 17. Sep 18 300,000 A$2.20 A$659,093
X
Management checks
We assess Money3's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Money3 has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MNY News

Simply Wall St News

Where Money3 Corporation Limited (ASX:MNY) Stands In Terms Of Earnings Growth Against Its Industry

Were MNY's earnings stronger than its past performances and the industry. … MNY's trailing twelve-month earnings (from 31 December 2018) of AU$34m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 30%, indicating the rate at which MNY is growing has slowed down

Simply Wall St -

Money3 Corporation Limited (ASX:MNY): What Can We Expect From This High Growth Stock?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … Money3 Corporation Limited's (ASX:MNY) latest earnings update in June 2018a

Simply Wall St -

Investors Are Undervaluing Money3 Corporation Limited (ASX:MNY) By 15.58%

Given that these companies adhere to a different set of rules relative to other companies, their cash flows should also be valued differently. … For instance, these lenders must hold a certain level of cash reserves on the books as a safety precaution.

Simply Wall St -

How Does Money3 Corporation Limited (ASX:MNY) Fare As A Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Money3 Corporation Limited (ASX:MNY) has paid a dividend to shareholders. … Does Money3 tick all the boxes of a great dividend stock?

Simply Wall St -

Why Money3 Corporation Limited's (ASX:MNY) CEO Pay Matters To You

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Money3? … How Does Scott Baldwin's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Should We Expect From Money3 Corporation Limited's (ASX:MNY) Earnings In The Next 12 Months?

After Money3 Corporation Limited's (ASX:MNY) earnings announcement in June 2018,. … as a 10% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 35%

Simply Wall St -

Money3 Corporation Limited (ASX:MNY): Can Growth Justify Its December Share Price?

Money3 Corporation Limited (ASX:MNY) closed yesterday at A$1.58, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s look into this by assessing MNY's expected growth over the next few years. … Investors in Money3 have been patiently waiting for the uptick in earnings.

Simply Wall St -

Do Directors Own Money3 Corporation Limited (ASX:MNY) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Our analysis of the ownership of the company, below, shows that. … institutions own shares in the company

Simply Wall St -

Why Money3 Corporation Limited (ASX:MNY) Is An Attractive Investment To Consider

Money3 Corporation Limited (ASX:MNY) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … that has been a rockstar for income investors, currently trading at an attractive share price

Simply Wall St -

What Should We Expect From Money3 Corporation Limited's (ASX:MNY) Earnings In The Next Couple Of Years?

In June 2018, Money3 Corporation Limited (ASX:MNY) released its most recent earnings announcement, which … Today I want to provide a brief commentary on … earnings growth

Simply Wall St -

MNY Company Info

Description

Money3 Corporation Limited, a finance company, provides secured and unsecured personal loans in Australia. The company offers vehicle loans that include loans for new and used cars, motorbikes, scooters, vans, minibuses, campervans, utes, trailers, boats, jet skis, trucks, and tractors. It also provides cash and personal loans. The company provides loans through brokers and branches, as well as online. It operates 55 branches in Victoria, New South Wales, South Australia, Queensland, and Tasmania. The company is headquartered in Bundoora, Australia.

Details
Name: Money3 Corporation Limited
MNY
Exchange: ASX
Founded:
A$342,660,808
181,302,015
Website: http://www.money3.com.au
Address: Money3 Corporation Limited
40 Graduate Road,
Level 1,
Bundoora,
Victoria, 3083,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MNY Ordinary Shares Australian Securities Exchange AU AUD 19. Oct 2006
CHIA MNY Ordinary Shares Chi-X Australia AU AUD 19. Oct 2006
Number of employees
Current staff
Staff numbers
0
Money3 employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 10:33
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/02/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.