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Navigator Global Investments

ASX:NGI
Snowflake Description

Flawless balance sheet with high growth potential.

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

HFA Holdings Limited operates as a fund management company in Australia. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print Invest
  • Navigator Global Investments is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Navigator Global Investments has significant price volatility in the past 3 months.
NGI Share Price and Events
Price Volatility
NGI
Industry
5yr Volatility vs Market

NGI Value

 Is Navigator Global Investments 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 Navigator Global Investments 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

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

ASX:NGI 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
= $0.95 * 5.8%
$0.06
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $0.95
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

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:NGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.38
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.381 (1 + (1- 30%) (0%))
0.381
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.77% + (0.8 * 7.23%)
8.55%

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

The calculations below outline how an intrinsic value for Navigator Global Investments 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:NGI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.8% – 8.55%) * $0.95)
$-0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.03 / (8.55% - 2.77%)
$-0.45
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.95 + $-0.45
$0.5
ASX:NGI Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:NGI)
1.384
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $0.5 x 1.384
A$0.69
Value per share (AUD) From above. A$0.69
Current discount Discount to share price of A$6.00
= -1 x (A$6.00 - A$0.69) / A$0.69
-771.1%

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

  • The current share price of Navigator Global Investments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Navigator Global Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Navigator Global Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $-0.08
ASX:NGI Share Price ** ASX (2018-08-16) in AUD A$6
ASX:NGI Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.722 $4.33
Australia Capital Markets Industry PE Ratio Median Figure of 22 Publicly-Listed Capital Markets Companies 17.13x
Australia Market PE Ratio Median Figure of 552 Publicly-Listed Companies 18.01x

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

** Primary Listing of Navigator Global Investments.

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

= ASX:NGI Share Price ÷ EPS (both in USD)

= 4.33 ÷ -0.08

-53.84x

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

  • Navigator Global Investments is loss making, we can't compare its value to the AU Capital Markets industry average.
  • Navigator Global Investments is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Navigator Global Investments's expected growth come at a high price?
Raw Data
ASX:NGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -53.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
58.1%per year
Australia Capital Markets Industry PEG Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 1.71x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= -53.84x ÷ 58.1%

-0.93x

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

  • Navigator Global Investments is loss making, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Navigator Global Investments's assets?
Raw Data
ASX:NGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $1.33
ASX:NGI Share Price * ASX (2018-08-16) in AUD A$6
ASX:NGI Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.722 $4.33
Australia Capital Markets Industry PB Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 1.83x
Australia Market PB Ratio Median Figure of 1,666 Publicly-Listed Companies 1.92x
ASX:NGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:NGI Share Price ÷ Book Value per Share (both in USD)

= 4.33 ÷ 1.33

3.27x

* Primary Listing of Navigator Global Investments.

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

  • Navigator Global Investments is overvalued based on assets compared to the AU Capital Markets industry average.
X
Value checks
We assess Navigator Global Investments'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Navigator Global Investments has a total score of 0/6, 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.

NGI Future Performance

 How is Navigator Global Investments expected to perform in the next 1 to 3 years based on estimates from 3 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
58.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Navigator Global Investments expected to grow at an attractive rate?
  • Navigator Global Investments's earnings growth is expected to exceed the low risk savings rate of 2.8%.
Growth vs Market Checks
  • Navigator Global Investments's earnings growth is expected to exceed the Australia market average.
  • Navigator Global Investments's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NGI Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 58.1%
ASX:NGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.8%
Australia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Australia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:NGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:NGI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 125 58 45 3
2020-06-30 122 53 40 3
2019-06-30 118 41 33 2
ASX:NGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 83 33 -13
2018-03-31 81 32 -15
2017-12-31 79 30 -18
2017-09-30 76 30 0
2017-06-30 73 30 18
2016-12-31 71 33 18
2016-09-30 71 31 16
2016-06-30 71 30 15
2015-12-31 70 26 14
2015-09-30 70 27 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Navigator Global Investments's earnings are expected to grow significantly at over 20% yearly.
  • Navigator Global Investments's revenue is expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
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:NGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Navigator Global Investments Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NGI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.24 0.26 0.21 2.00
2020-06-30 0.22 0.23 0.20 2.00
2019-06-30 0.20 0.21 0.19 2.00
ASX:NGI Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 -0.08
2018-03-31 -0.09
2017-12-31 -0.11
2017-09-30 0.00
2017-06-30 0.11
2016-12-31 0.11
2016-09-30 0.10
2016-06-30 0.09
2015-12-31 0.09
2015-09-30 0.46

*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.
  • Navigator Global Investments is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
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Future performance checks
We assess Navigator Global Investments'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.
Navigator Global Investments has a total score of 5/6, 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.

NGI Past Performance

  How has Navigator Global Investments 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 Navigator Global Investments's growth in the last year to its industry (Capital Markets).
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.
  • Navigator Global Investments does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Navigator Global Investments's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Navigator Global Investments's 1-year growth to the AU Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Navigator Global Investments'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 Navigator Global Investments Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 83.20 -13.06 48.89
2018-03-31 80.54 -15.28 46.16
2017-12-31 78.97 -17.51 43.43
2017-09-30 76.40 0.09 41.21
2017-06-30 72.73 17.68 38.98
2016-12-31 71.34 17.82 37.06
2016-09-30 70.93 16.41 39.02
2016-06-30 70.52 15.00 40.97
2015-12-31 69.94 14.23 45.56
2015-09-30 69.86 74.56 45.24
2015-06-30 69.78 134.88 44.92
2014-12-31 64.12 135.18 39.28
2014-09-30 64.48 76.10 40.26
2014-06-30 64.84 17.01 41.23
2014-03-31 69.31 14.26 48.01
2013-12-31 67.94 12.28 48.19
2013-09-30 67.01 10.17 48.71
2013-06-30 66.08 8.07 49.24
2013-03-31 66.49 9.08 50.53
2012-12-31 66.91 10.10 51.82
2012-09-30 66.53 7.73 56.09
2012-06-30 66.15 5.36 60.36
2012-03-31 67.06 3.99 62.17
2011-12-31 67.96 2.62 63.98
2011-09-30 67.97 4.50 61.16

*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.
  • It is difficult to establish if Navigator Global Investments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Navigator Global Investments has efficiently used its assets last year compared to the AU Capital Markets industry average (Return on Assets) as it is loss-making.
  • Navigator Global Investments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Navigator Global Investments'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 Capital Markets 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.
Navigator Global Investments has a total score of 1/6, 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.

NGI Health

 How is Navigator Global Investments'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 Navigator Global Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Navigator Global Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Navigator Global Investments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Navigator Global Investments'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.
  • Navigator Global Investments has no debt, it does not need to be covered by short term assets.
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 Navigator Global Investments Company Filings, last reported 1 month ago.

ASX:NGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 214.98 0.00 38.21
2018-03-31 214.98 0.00 38.21
2017-12-31 212.15 0.00 29.02
2017-09-30 212.15 0.00 29.02
2017-06-30 251.64 0.00 33.15
2016-12-31 252.00 0.00 23.36
2016-09-30 252.00 0.00 23.36
2016-06-30 254.42 0.00 27.01
2015-12-31 253.26 4.82 19.94
2015-09-30 253.26 4.82 19.94
2015-06-30 257.45 8.57 26.90
2014-12-31 253.45 14.45 21.78
2014-09-30 253.45 14.45 21.78
2014-06-30 143.34 41.57 65.90
2014-03-31 143.34 41.57 65.90
2013-12-31 136.10 43.44 46.03
2013-09-30 136.10 43.44 46.03
2013-06-30 131.92 45.16 48.43
2013-03-31 131.92 45.16 48.43
2012-12-31 132.70 46.70 42.67
2012-09-30 132.70 46.70 42.67
2012-06-30 131.75 48.10 42.00
2012-03-31 131.75 48.10 42.00
2011-12-31 129.38 49.38 44.24
2011-09-30 129.38 49.38 44.24
  • Navigator Global Investments has no debt.
  • Navigator Global Investments has no debt compared to 5 years ago when it was 34.2%.
  • Navigator Global Investments has no debt, it does not need to be covered by operating cash flow.
  • Navigator Global Investments has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Navigator Global Investments'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. Navigator Global Investments has a total score of 6/6, 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.

NGI Dividends

 What is Navigator Global Investments'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
3.59%
Current annual income from Navigator Global Investments dividends. Estimated to be 5.16% next year.
If you bought A$2,000 of Navigator Global Investments shares you are expected to receive A$72 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?
  • Navigator Global Investments's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.11%).
  • Navigator Global Investments's dividend is below the markets top 25% of dividend payers in Australia (5.29%).
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:NGI 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 3 Analyst Estimates (S&P Global) See Below
Australia Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 430 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.3%
Australia Bottom 25% Dividend Yield 25th Percentile 2.1%
Australia Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

ASX:NGI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.23 3.00
2020-06-30 0.24 3.00
2019-06-30 0.20 2.00
ASX:NGI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-08-08 0.216 3.730
2018-02-14 0.189 4.648
2017-08-08 0.173 5.916
2017-02-15 0.163 7.615
2016-08-17 0.155 7.018
2015-08-19 0.141 6.062
2015-02-18 0.123 6.219
2014-08-18 0.107 7.740
2014-03-04 0.067 6.184
2014-02-12 0.066 6.031
2013-08-14 0.062 8.303
2013-02-14 0.057 7.233
2012-08-15 0.057 7.697
2012-02-15 0.037 5.257
2011-10-19 0.046 5.887
2010-02-23 0.000 0.000
2009-08-19 0.000 0.000
2009-02-26 0.000 0.000
2008-08-20 0.224 39.616
2008-08-18 0.244 5.305

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Navigator Global Investments's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
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Income/ dividend checks
We assess Navigator Global Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Navigator Global Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Navigator Global Investments has a total score of 2/6, see the detailed checks below.


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

NGI Management

 What is the CEO of Navigator Global Investments'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
Sean McGould, image provided by Google.
Sean McGould
COMPENSATION $1,127,033
CEO Bio

Mr. Sean Gerard McGould is the Founder at Lighthouse Partners, LLC since 1999 and also serves as its President and Co-Chief Investment Officer. He joined Asset Management Advisors, as Chief Investment Officer in August 1996. Mr. McGould serves as the Chief Executive Officer at HFA Holdings Limited. He is responsible for portfolio construction, investment research and overseeing the overall performance of its portfolios, risk analysis, and research. He supports the Investment Team in the manager search, selection and review processes. Mr. McGould joined as Chief Investment Officer in August 1996 at Asset Management Advisors from where it was formally spun out in 1999. He serves as Investment Principal and Director of The Freedom Group LLC. Prior to that, Mr. McGould was the Director of the Outside Trader Investment Program at Trout Trading Management Company. At the firm, he was responsible for the allocation of several hundred million dollars of the fund's assets to external alternative asset strategies including convertible bond arbitrage, fixed income arbitrage, risk arbitrage, market-neutral equity investing, currencies, options, and commodities. Mr. McGould spent four years at Price Waterhouse which involved two years auditing and two years in corporate finance. He has been an Executive Director of HFA Holdings Ltd. since January 3, 2008. Mr. McGould holds a C.P.A. designation. He holds a Bachelor of Science degree in Accounting, with high honors, from Butler University and has completed a number of graduate courses in Finance and Statistics at the University of Chicago.

CEO Compensation
  • Sean's compensation has increased whilst company is loss making.
  • Sean's compensation is higher than average for a company of this size and profit level.
Management Team

Sean McGould

TITLE
CEO & Executive Director
COMPENSATION
$1M

Amber Stoney

TITLE
CFO & Company Secretary
COMPENSATION
$250K
TENURE
2.2 yrs

Kelly Perkins

TITLE
Co-Chief Investment Officer of Lighthouse Investment Partners LLC
COMPENSATION
$1M

Rob Swan

TITLE
Chief Operating Officer of Lighthouse Investment Partners LLC
COMPENSATION
$1M

Scott Perkins

TITLE
Executive Managing Director of Lighthouse Investment Partners LLC
COMPENSATION
$1M

C. Prickett

TITLE
Managing Director of Relative Value

J. Fitzgibbon

TITLE
Managing Director of Global Trading

E. Baron

TITLE
Managing Director of Equity
Board of Directors Tenure

Average tenure of the Navigator Global Investments board of directors in years:

5.8
Average Tenure
  • The tenure for the Navigator Global Investments board of directors is about average.
Board of Directors

Michael Shepherd

TITLE
Chairman
COMPENSATION
$164K
AGE
68
TENURE
4.4 yrs

Sean McGould

TITLE
CEO & Executive Director
COMPENSATION
$1M
TENURE
10.6 yrs

Andy Esteban

TITLE
Independent Non-Executive Director
COMPENSATION
$88K
TENURE
10.2 yrs

Andy Bluhm

TITLE
Non Executive Director
TENURE
5.8 yrs

Randy Yanker

TITLE
Independent Non-Executive Director
COMPENSATION
$80K
AGE
57
TENURE
3.8 yrs
Recent Insider Trading
  • Navigator Global Investments insiders have sold more shares than they have bought in the past 3 months.
Who owns this company?
X
Management checks
We assess Navigator Global Investments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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. Navigator Global Investments 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.

NGI News

External News
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Simply Wall St News

Spotlight On Navigator Global Investments Limited's (ASX:NGI) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Navigator Global Investments Limited (ASX:NGI) due to its excellent fundamentals in more than one area. … a excellent

Simply Wall St -

Who Just Ramped Up Their Shares In Navigator Global Investments Limited (ASX:NGI)?

Navigator Global Investments's insiders have invested more than 4 million shares in the small-cap stocks within the past three months. … See our latest analysis for Navigator Global Investments Which Insiders Are Buying? … Next Steps: Navigator Global Investments’s net buying tells us the stock is in favour with some insiders, which is relatively consistent with expected earnings growth, though share price volatility was perhaps inconsequential to cash in on any mispricing.

Simply Wall St -

Before You Buy Navigator Global Investments Limited's (ASX:NGI), Consider This

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … Check out our latest analysis for Navigator Global Investments An interpretation of NGI's beta With a five-year beta of 0.11, Navigator Global Investments appears to be a less volatile company compared to the rest of the market. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Is Navigator Global Investments Limited (ASX:NGI) A Strong Dividend Stock?

Navigator Global Investments Limited (ASX:NGI) has returned to shareholders over the past 10 years, an average dividend yield of 7.00% annually. … See our latest analysis for Navigator Global Investments Here's how I find good dividend stocks If you are a dividend investor, you should always assess these five key metrics: Is it the top 25% annual dividend yield payer? … Compared to its peers, Navigator Global Investments produces a yield of 4.97%, which is high for Capital Markets stocks but still below the market's top dividend payers.Next Steps: After digging a little deeper into Navigator Global Investments's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

Simply Wall St -

Who Are The Top Investors In Navigator Global Investments Limited (ASX:NGI)?

See our latest analysis for Navigator Global Investments ASX:NGI Ownership_summary Mar 30th 18 Institutional Ownership NGI's 27.58% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Should You Buy Navigator Global Investments Limited (ASX:NGI) Now?

Navigator Global Investments Limited (ASX:NGI), a capital markets company based in Australia, saw a double-digit share price rise of over 10% in the past couple of months on the ASX. … And if you believe that Navigator Global Investments should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value. … Furthermore, it seems like Navigator Global Investments’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued.

Simply Wall St -

How Confident Are Insiders About Navigator Global Investments Limited (ASX:NGI)?

Navigator Global Investments is one of Australia’s small-cap stocks that saw some insider buying over the past three months, with insiders investing in more than 3 million shares during this period. … Check out our latest analysis for Navigator Global Investments Who Are The Insiders? … Next Steps: Navigator Global Investments’s net buying tells us the stock is in favour with some insiders, which is fairly consistent with earnings growth expectations, and a fairly high volatility in share price over the same time period.

Simply Wall St -

How Does Navigator Global Investments Limited (ASX:NGI) Fare As A Dividend Stock?

Over the past 10 years, Navigator Global Investments Limited (ASX:NGI) has returned an average of 7.00% per year to shareholders in terms of dividend yield. … See our latest analysis for Navigator Global Investments How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … ASX:NGI Historical Dividend Yield Jan 23rd 18 How well does Navigator Global Investments fit our criteria?

Simply Wall St -

What Kind Of Risk And Return Should You Expect For Navigator Global Investments Limited (ASX:NGI)?

Based on this beta value, NGI appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … NGI, with its market capitalisation of A$539.95M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … I test NGI’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

Should You Be Tempted To Sell Navigator Global Investments Limited (ASX:NGI) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NGI Price per share = $2.59 Earnings per share = $0.109 ∴ Price-Earnings Ratio = $2.59 ÷ $0.109 = 23.8x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … NGI’s P/E of 23.8x is higher than its industry peers (22.2x), which implies that each dollar of NGI’s earnings is being overvalued by investors. … For example, if you accidentally compared lower growth firms with NGI, then NGI’s P/E would naturally be higher since investors would reward NGI’s higher growth with a higher price.

Simply Wall St -

NGI Company Info

Map
Description

HFA Holdings Limited operates as a fund management company in Australia. The company, through its subsidiaries, offers open-ended products and structured products to retail, wholesale, and institutional investors. HFA Holdings is based in Sydney, Australia.

Details
Name: Navigator Global Investments Limited
NGI
Exchange: ASX
Founded:
A$1,003,695,482
162,147,897
Website: http://www.navigatorglobal.com.au
Address: Navigator Global Investments Limited
39 Sherwood Road,
Level 9,
Toowong,
Queensland, 4066,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NGI Ordinary Shares Australian Securities Exchange AU AUD 28. Apr 2006
OTCPK HFAH.F Ordinary Shares Pink Sheets LLC US USD 28. Apr 2006
CHIA NGI Ordinary Shares Chi-X Australia AU AUD 28. Apr 2006
ASX NGI NPV Australian Securities Exchange AU AUD 16. Aug 2018
CHIA NGI NPV Chi-X Australia AU AUD 16. Aug 2018
Number of employees
Current staff
Staff numbers
90
Navigator Global Investments employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/08/16 07:42
End of day share price update: 2018/08/16 00:00
Last estimates confirmation: 2018/08/13
Last earnings update: 2018/06/30
Last annual earnings update: 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.