Market Cap
AU$559.8m
Last Updated
2021/01/18 07:05 UTC
Data Sources
Company Financials +
Executive Summary
Money3 Corporation Limited provides secured vehicle loans in Australia and New Zealand. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential average dividend payer.
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 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MNY's weekly volatility has decreased from 12% to 5% over the past year.
Market Performance
7 Day Return
0.4%
MNY
-0.6%
AU Consumer Finance
-0.3%
AU Market
1 Year Return
16.5%
MNY
0.8%
AU Consumer Finance
-1.6%
AU Market
Return vs Industry: MNY exceeded the Australian Consumer Finance industry which returned 0.8% over the past year.
Return vs Market: MNY exceeded the Australian Market which returned -1.6% over the past year.
Shareholder returns
| MNY | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | -0.6% | -0.3% |
| 30 Day | 2.5% | 4.8% | 1.5% |
| 90 Day | 19.4% | -2.3% | 9.2% |
| 1 Year | 20.5%16.5% | 1.8%0.8% | 1.7%-1.6% |
| 3 Year | 86.9%64.5% | 51.4%40.8% | 26.2%10.7% |
| 5 Year | 291.9%219.8% | 104.1%74.8% | 68.7%35.5% |
Long-Term 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
1 month ago | Simply Wall St
Our View On Money3's (ASX:MNY) CEO Pay2 months ago | Simply Wall St
Shareholders Of Money3 (ASX:MNY) Must Be Happy With Their 230% Total Return2 months ago | Simply Wall St
Does Money3 Corporation Limited (ASX:MNY) Have A Place In Your Dividend Portfolio?Valuation
Is Money3 undervalued compared to its fair value and its price relative to the market?
23.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MNY (A$2.83) is trading above our estimate of fair value (A$1.43)
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 (23.4x) compared to the AU Consumer Finance industry average (22.6x).
PE vs Market: MNY is poor value based on its PE Ratio (23.4x) compared to the Australian market (22.6x).
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 (2.1x) compared to the AU Consumer Finance industry average (3.3x).
Next Steps
Future Growth
How is Money3 forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
27.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MNY's forecast earnings growth (27.8% per year) is above the savings rate (2%).
Earnings vs Market: MNY's earnings (27.8% per year) are forecast to grow faster than the Australian market (18.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MNY's revenue (13% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: MNY's revenue (13% 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 (15.6%).
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?
2.12%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MNY's dividend (2.12%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: MNY's dividend (2.12%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).
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 (59.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Scott Baldwin
5.33yrs
Tenure
AU$1,081,829
Compensation
Mr. Scott Joseph Baldwin, B.Eng (Hons), MBA, GAICD, has been Managing Director of Money3 Corporation Limited since September 29, 2015 and serves as its Chief Executive Officer since 2015 and Executive Dire...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD835.00K) is about average for companies of similar size in the Australian market ($USD703.69K).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 5.33yrs | AU$1.08m | 0.34% A$ 1.9m | |
| Chief Financial Officer | 2.83yrs | AU$531.60k | 0.097% A$ 543.2k | |
| Chief Operating Officer | 1.58yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Risk & Compliance Manager | 0.75yr | no data | no data | |
| Head of Marketing | no data | no data | no data | |
| Human Resources Manager | 0.75yr | no data | no data | |
| Company Secretary | 4.25yrs | no data | no data | |
| Chief Executive Officer of Go Car Finance - New Zealand | 0.92yr | no data | no data |
1.6yrs
Average Tenure
Experienced Management: MNY's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 5.33yrs | AU$1.08m | 0.34% A$ 1.9m | |
| Independent Non-Executive Director | 1.33yrs | AU$92.00k | 0.018% A$ 101.0k | |
| Independent Non-Executive Director | 2.17yrs | AU$111.46k | 0.020% A$ 111.2k | |
| Independent Non-Executive Chairman | 2.17yrs | AU$216.63k | 0.39% A$ 2.2m |
2.2yrs
Average Tenure
Experienced Board: MNY's board of directors are not considered experienced ( 2.2 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: 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 11.5%.
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$559.756m
- Shares outstanding: 205.04m
- Website: https://www.money3.com.au
Number of Employees
Location
- Money3 Corporation Limited
- 40 Graduate Road
- Level 1
- Bundoora
- Victoria
- 3083
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MNY | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2006 |
| MNY | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 07:05 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.