ASX:MNY

Stock Analysis Report

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Executive Summary

Money3 Corporation Limited provides secured vehicle loans in Australia and New Zealand. More Details


Snowflake Analysis

Good value with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

How has Money3's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MNY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.3%

MNY

-4.7%

AU Consumer Finance

0.01%

AU Market


1 Year Return

5.4%

MNY

-2.6%

AU Consumer Finance

-5.7%

AU Market

Return vs Industry: MNY exceeded the Australian Consumer Finance industry which returned -2.6% over the past year.

Return vs Market: MNY exceeded the Australian Market which returned -5.7% over the past year.


Shareholder returns

MNYIndustryMarket
7 Day1.3%-4.7%0.01%
30 Day15.3%11.4%5.4%
90 Day31.6%5.0%4.0%
1 Year9.1%5.4%-1.7%-2.6%-2.4%-5.7%
3 Year66.4%46.5%66.3%53.4%18.0%3.0%
5 Year186.2%133.0%105.7%74.6%42.1%13.2%

Price Volatility Vs. Market

How volatile is Money3's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

19.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MNY (A$2.33) is trading above our estimate of fair value (A$1.32)

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


Price To Earnings Ratio

PE vs Industry: MNY is good value based on its PE Ratio (19.3x) compared to the AU Consumer Finance industry average (22.5x).

PE vs Market: MNY is good value based on its PE Ratio (19.3x) compared to the Australian market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: MNY is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: MNY is good value based on its PB Ratio (1.7x) compared to the AU Consumer Finance industry average (2.2x).


Next Steps

Future Growth

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

23.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNY's forecast earnings growth (23.7% per year) is above the savings rate (2.3%).

Earnings vs Market: MNY's earnings (23.7% per year) are forecast to grow faster than the Australian market (17.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MNY's revenue (11.9% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: MNY's revenue (11.9% 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 (15%).


Next Steps

Past Performance

How has Money3 performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNY has a large one-off loss of A$14.6M impacting its June 30 2020 financial results.

Growing Profit Margin: MNY's current net profit margins (17.9%) are lower than last year (25.5%).


Past Earnings Growth Analysis

Earnings Trend: MNY's earnings have grown by 6.5% per year over the past 5 years.

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

Earnings vs Industry: MNY had negative earnings growth (-5.1%) over the past year, making it difficult to compare to the Consumer Finance industry average (-5.1%).


Return on Equity

High ROE: MNY's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is Money3's financial position?


Financial Position Analysis

Short Term Liabilities: MNY's short term assets (A$192.9M) exceed its short term liabilities (A$17.8M).

Long Term Liabilities: MNY's short term assets (A$192.9M) exceed its long term liabilities (A$173.9M).


Debt to Equity History and Analysis

Debt Level: MNY's debt to equity ratio (67.9%) is considered high.

Reducing Debt: MNY's debt to equity ratio has increased from 28.6% to 67.9% 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 well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNY's dividend (2.58%) is higher than the bottom 25% of dividend payers in the Australian market (2.14%).

High Dividend: MNY's dividend (2.58%) is low compared to the top 25% of dividend payers in the Australian market (5.48%).


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 (66.2%), 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 (54.7% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Scott Baldwin

5.08yrs

Tenure

AU$1,081,829

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 ($USD762.93K) is about average for companies of similar size in the Australian market ($USD711.63K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Scott Baldwin
CEO, MD & Executive Director5.08yrsAU$1.08m0.37%
A$ 1.6m
Siva Subramani
Chief Financial Officer2.58yrsAU$531.60k0.11%
A$ 471.6k
Michael Neville
Chief Operating Officer1.33yrsno datano data
Simon Hinsley
Head of Investor Relationsno datano datano data
Carly Crowe
Risk & Compliance Manager0.50yrno datano data
Julian Cook
Head of Marketingno datano datano data
Lisa McRae
Human Resources Manager0.50yrno datano data
Terri-Anne Bakos
Company Secretary4yrsno datano data
Paul Verhoeven
Chief Executive Officer of Go Car Finance - New Zealand0.67yrno datano data

1.3yrs

Average Tenure

Experienced Management: MNY's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Scott Baldwin
CEO, MD & Executive Director5.08yrsAU$1.08m0.37%
A$ 1.6m
Kate Robb
Independent Non-Executive Director1.08yrsAU$92.00k0.020%
A$ 87.7k
Symon Brewis-Weston
Independent Non-Executive Director1.92yrsAU$111.46k0.022%
A$ 96.6k
Stuart Robertson
Independent Non-Executive Chairman1.92yrsAU$216.63k0.43%
A$ 1.9m

1.9yrs

Average Tenure

Experienced Board: MNY's board of directors are not considered experienced ( 1.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Money3 Corporation Limited's company bio, 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$439.126m
  • Shares outstanding: 185.29m
  • Website: https://www.money3.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNYASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2006
MNYCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2006

Biography

Money3 Corporation Limited provides secured vehicle loans in Australia and New Zealand. The company offers vehicle loans that include loans for new and used cars, campervans, vans, minibuses, motorbikes, c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 10:36
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.